Stocks in the news (amata, aot, bjchi, cbg, grammy, jsp, lh, nwr, ptt, ratch, richy, star, takuni, yuasa) 22.11.14

AMATA
AMATA expects to set up REIT worth Bt4.5bn in 1Q15 and will list AMATAV on the stock market in 2Q14. The company plans to invest Bt3-4bn in Vietnam and Myanmar in 2015 and expects to sell 500 rai in 4Q14, giving total land sales of 1,000 rai in 2014. (Kao Hoon, 21/11/14)
Comment: A REIT and an IPO, 2015 will finally be an active year for AMATA.

AOT
AOT preparing to raise Bt93bn for development of three airports. The board reports that the company has three choices: loans from financial institution, corporate bonds, and infrastructure fund. It expects to make the final decision in January 2015. (Kao Hoon, 21/11/14)

BJCHI
BJCHI expects revenue growth of 15% YoY in 2014. It reports growth so far in 4Q14 and will deliver projects worth Bt4bn. (Kao Hoon, 21/11/14)
Comment: If i’m not mistaken – its trading at a dividend yield of 6-7% at these levels.

CBG
CBG starts trading today and expects to trade above its IPO price of Bt28. The company highlights its strong fundamentals and financial position. It reported 9M14 net profit of Bt638mn, higher than for the whole year of 2013. (Kao Hoon, 21/11/14)
Comment: We think its going to trade similar to ICHI

GRAMMY
Campaign to use BTS tickets as discount on TV set-top boxes — GMMZ and partners BTS, ATT, and VGI are setting up a marketing campaign in which commuters can use BTS tickets to get a discount on digital TV set-top boxes. (Kao Hoon, 21/11/14)

JSP
Change in shareholders — Management reports that the company is working on its shareholder list and expects a major change in shareholding structure after the big lot orders on 20 November. (Kao Hoon, 21/11/14)
Comment: Quite strange, just IPO’ed and now a major change in shareholder structure

LH
LH charting 21 new projects – SET-listed developer Land and Houses Plc (LH) plans to spend Bt7bn to buy new land and launch 21 projects worth a combined Bt40bn in 2015. The move is aimed at capitalising on an anticipated recovery in the property market. (Bangkok Post, 21/11/14)
Comment: LH is no longer the largest property developer in Thailand, that now belongs to PS, but they are still a very stable company that does have genuine buyers of their SDH projects

NWR
NWR expects revenue growth of 8% YoY in 2015 as it has backlog accounting for 50% of 2015 revenue. The company expects a net loss in 2014 due to contributed loss from property development and waste water treatment businesses. (Kao Hoon, 21/11/14)

PTT
PTT files defamation suit – PTT Plc, the national oil and gas conglomerate, has filed a lawsuit against former finance minister Thirachai Phuvanatnaranubala for allegedly using social media to damage its reputation. Chief executive Pailin Chuchottaworn said the lawsuit had been pursued in the Civil Court in Bangkok since last week. (Bangkok Post, 21/11/14)

RATCH
RATCH to add power plants and expects enterprise value of Bt120bn. The company has budgeted Bt34bn for investing in eight power plants in 2014-2015. (Kao Hoon, 21/11/14)

RICHY
RICHY preparing to launch premium condominium at Wong Wian Yai BTS station worth Bt2bn on 22 November. The company expects presales will be at least 50%. (Kao Hoon, 21/11/14)

STAR
STAR expects to be in the black in 4Q14 as high season will increase domestic and foreign demand. The company also expects to continue in the black in 2015 and is studying new business to support sustain growth. (Thun Hoon, 21/11/14)

TAKUNI
TAKUNI studying LPG expansion in CLMV market after the authorities gave permission for it to export, which creates potential growth for the company. (Kao Hoon, 21/11/14)

YUASA
YUASA to produce batteries for big bikes. It is setting up a production plant in Thailand for this purpose. It says it is a leader in the motorcycle market and expects revenue growth of 10% YoY in 2015. It expects to be in the black in 2014 and will introduce a new higher margin product. The company is preparing to add new capacity as it expects growing demand for motorcycle batteries in 2015. (Thun Hoon, 21/11/14)

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