Stocks in the news (age, bay) 21.03.14


AGE targets revenue growth of 20% YoY in 2014 to Bt6bn and expects sales volume of 4mn tons. Management guides to 1Q14 revenue growth of 50% YoY after expanding to China and India. (Khao Hoon,, 21/3/14)

Comment: The issue for AGE is that their margin’s as selling prices of coal have been in a decline for the past few years


BAY targets 2014 SME loans at Bt208bn, +13% YoY. BAY and BTMU will focus on clients in the auto parts and electronics industry. It aims to be in the top three in the SME loan market.(Thun Hoon, 21/3/14)

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