Stocks in the news (amata, aot, slc, spcg, thai, wha) 01.03.14

AMATA

AMATA says 1Q14 investment slowed due to political instability. It expects investment to return once calm is restored. It is negotiating with 7-8 foreign investors. (Khao Hoon, 01/04/14)

Comment: Not much of a surprise here, but its good value still @ these prices.

AOT

AoT banks on ‘airport city’ plan to boost revenue – Airports of Thailand Plc (AoT) is heavily promoting its “airport city” plan covering Suvarnabhumi, Don Mueang and Phuket airports as a way of strengthening long-term revenue growth. (The Nation, 01/04/14)

SLC

SLC’s Spring News TV obtains 19th channel in digital TV system. It is doing a broadcast test and expects good response from customers. It expects to double revenue from a year earlier and expects this business to be 60% of total revenue within three years.(Khao Hoon, 01/04/14)

Comment: Punters are going to rejoice again with this name 

SPCG

SPCG reports an additional COD, bringing finished projects to 28 or 189MW capacity. The rest will be finished in April. It signed an MOU with the Metropolitan Electricity Authority to expand the solar rooftop business, with expected annual revenue of Bt300mn. (Khao Hoon, 01/04/14)

THAI

THAI ground service staff threaten strike action – Ground service staff working for THAI plan to go on strike on April 13 to press for higher pay. Samart Pantang, union president of WingSpan Services Co, a subsidiary of THAI, said yesterday the union would convene a meeting of its members on April 12, and probably strike the following day because past negotiations failed to convince management to pay monthly salaries instead of daily wages to about 3,000 employees and to offer a 3-5% pay rise. (Bangkok Post, 01/04/14)

Comment: Simple, cut out the corruption here and the numbers are going to improve, seriously how difficult is it?

WHA

Warehouse firm eyes REIT- WHA Corporation Plc, a SET-listed developer of warehouses and distribution centres, plans to launch its first real estate investment trust (REIT) worth Bt4.7bn by the fourth quarter this year, backed by three warehouse projects with a combined area of 167,000 square metres. (Bangkok Post, 01/04/14)

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