DTAC hopes to pay out dividend again at Bt1.60/unit in 1Q14 after clearing its accumulated losses of Bt15.9bn. It expects revenues for 1Q14 to touch Bt24bn with net profit at Bt2.85bn, and 2014 net profit estimated at Bt12.2bn. (Khao Hoon, 03/04/14)
Comment: The dividend machine that is DTAC continues
EASON will be investing abroad and aims to open its new factory and office in Indonesia in 3Q14 and open its Malaysian sales office soon. One of its subsidiary plans to increase its capital to invest more in the filter business. However, EASON said that revenue this year may be less than last year. (Khao Hoon, 03/04/14)
Comment: If you stop and analyse the numbers of the top 100 companies on the SET, you’ll see the a lot of them generate a substantial amount of their earnings overseas already, just another reason why this market is damn resilient.
Erawan cuts H1 outlook 25%- The Erawan Group (ERW), the SET-listed hotel and plaza developer, projected its revenue in the first half of this year would be lower than last year as half of its hotels have been affected by the political turmoil. (Bangkok Post, 03/04/14)
Comment: No doubt about this, but the value here is their assets. Continue reading Stocks in the news (dtac, eason, erw, intuch, kaset, major, nok) 03.04.14