Tag Archives: CPTGF

Stocks in the news (ajp, aot, ap, cpall, cptgf, hemraj, pttgc, scc) 17.12.13

AJP

New management team soon — AJP reports that a new management team will begin work in 1Q14, replacing the team that resigned. It says the change in management will not lead to a change in strategies. It said the political situation has no effect on operations. (Khao Hoon, 17/12/13)

AOT

AOT expects net profits for 2014 to reach Bt11bn with passenger growth of 6-7%, however next year there will be no extraordinary income. Management says that passengers have contracted by 2.9% due to ongoing politics. The CFO reports strong cash flow at Bt43bn. (Khao Hoon, 17/102/13)

Comment: There are a couple of things going on here with AOT, they look to be expanding their capacity by 2017, China and Thailand travellers no longer require a visa in 2014, but in the ST the stop in zero-dollar tours and politics have hurt performance slightly (i.e. not growing as fast)

AP

Setting up JV with Japanese property company — AP will set up a joint venture worth Bt7.5bn with Mitsubishi Estate Group, a large Japanese property company, to build three new condos in 2H14. (Khao Hoon, 17/12/13)

Comment: Clever move by AP, they need to minimise the risk on their balance sheet given the number of projects that they have to transfer within the next 12 months Continue reading Stocks in the news (ajp, aot, ap, cpall, cptgf, hemraj, pttgc, scc) 17.12.13

Stocks in the news (AIT, CK, CPTGF, HMPRO, QTC, TPLOY) 18.11.13

AIT
To ask shareholders to approve capital increase — AIT will hold a shareholder’s meeting on Nov 18 to obtain approval for a capital increase of 137.55 million shares at 1:2 shares (old:new) at a price of Bt5.00/share. (Khao Hoon, 18/11/13)
Comment: This is still ongoing now as of writing, we are confused by their request, because we see a co with good rev, good margins, very little debt, and management aren’t clear about what the funds are going to be used for.
CK
Expects good 4Q13 — CK is confident that 4Q13 earnings will continue to be strong and expects revenues for the year to exceed its target of Bt40bn. Its current backlog on hand exceeds Bt120bn. (Khao Hoon, 18/11/13)
CPTGF
KTAM is handling the IPO for a new property fund, CP Tower Growth Leasehold Property Fund (CPTGF) on Nov18-26 at IPO price of Bt10.15/unit. It is confident in the fund’s asset quality which is expected to continue brining in future revenue income. (Tun Hoon, 18/11/13) Continue reading Stocks in the news (AIT, CK, CPTGF, HMPRO, QTC, TPLOY) 18.11.13