Stocks in the news (cho, ck, cpn, scc, solar, wha) 20.03.14


CHO reports more than Bt1bn in backlog and will sign a contract for a Bt700mn new job. It expects earnings for 1Q14 to continue to be strong and revenues this year to grow by at least 15%. (Khao Hoon, 20/03/14)

Comment: A unique business here as they build niche trucks/vehicles and ships of all things!


CK focuses on ASEAN to reduce risks – Ch. Karnchang Plc (CK), Thailand’s largest contractor by market value, will focus more on searching for construction projects in neighbouring countries, particularly Myanmar, to mitigate risks from delays in the government’s Bt2trn infrastructure plan. At present, the contractor is working on the Bt76bn Xayaburi hydroelectric power plant in Laos and expects to sign the Bt17bn Nam Bak project this year. (Bangkok Post, 20/03/14)

Comment: As we look around, we are seeing that more and more thai companies already have a larger size of their revenues generated outside of Thailand.


CPN to invest more than Bt50mn in its “CPN Summer Now 2014” campaign that will be held on March 20-April 30. It hopes that the campaign will boost sales of fashion brands in department stores by 20%. (Khao Hoon, 20/03/14)


SCG upbeat despite megaproject delay – Siam Cement Group (SCG) is maintaining its revenue growth forecast of 10% this year despite the delay to the government’s Bt2trn infrastructure plan. President and chief executive Kan Trakulhoon said SCG’s 2014 revenue forecast does not take into account projects under the huge project. SCG has focused on expansion of Bangkok’s subway and skytrain networks. (Bangkok Post, 20/03/14)

Comment: The best managed company in Thailand by a mile.


SOLAR expects net profit this year to grow by more than 30%. It plans to increase capital by Bt700mn to expand its solar capacity by 120MW. It is also in the process of negotiating with a Japanese partner on a 30MW power plant project and expects this project to bring revenues of Bt5-6bn in 2016. (Khao Hoon, 20/03/14)

Comment: Post capital increase could this finally be the time for SOLAR to shine?


WHA keen to expand on AEC demand- WHA Corporation, a SET-listed custom-built warehouse and distribution centre developer, plans to expand its business aggressively to serve expected high demand in the ASEAN market, says chief executive Somyos Anantaprayoon. (Bangkok Post, 20/03/14)

Comment: *head hitting the table*

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