SET urged AJD to clarify its frequent par splits, twice in four months, within Mar 5 with details. The regulator is in doubt of the company’s corporate governance. (Kao Hoon, 03/03/15)
Comment: This is a positive move by the SEC, its good to see regulators actually be active.
BIG will resume its trading in the stock exchange today after completing the backdoor listing of SUN. Management targets sales revenue growth of 10% YoY with 10 more outlets to be opened this year, adding to the current 237 outlets nationwide. The company plans to clear its retained loss within two years. (Kao Hoon, 03/03/15)
Comment: Another backdoor listing, at least one that was approved by the SEC.
CBG expects its revenue to rise 20% YoY in 2015 with 40% net profit growth. The company will invest Bt600mn to increase capacity to 700mn cans p.a. It will expand its product line to carbonated energy drinks by Apr 15 and more M&As are under study. (Kao Hoon, 03/03/15)
Comment: They had a fantastic 2014, 2015 looks to be the same with the increase in capacity.
CCP expects the construction industry to be on an upward trend in 2015 after the government approves more construction projects. This could increase its backlog from the current Bt2bn, which will be recognized up to 2016. For 2014, its net profit shrank to Bt207.84mn. It will pay a cash and stock dividend as well as split par from Bt1to Bt0.25. (Kao Hoon, 03/03/15)
Comment: In theory, construction + construction materials should benefit in 2016-2020.