JAS
To cut shares on issue — JAS will submit its capital decrease issue to the board tomorrow (12 Dec) via the repurchase of 106.85mn shares. This will increase its earnings per share by Bt0.30/share based on projected profits of Bt2 bn in 2012. JAS is also a candidate to be added to the SET50 calculation as announced by SET in mid Dec 2012. (Khao Hoon, 11/12/12)

Comment: Everyone’s darling stock for the past 12 months. This will only boost the stock price for the next few months

PTTGC

PTTGC to invest in US$5bn Java complex — The SET-listed PTT Global Chemical Plc (PTTGC) signed a memorandum of understanding with Indonesia’s national oil company, PT Pertamina (Persero), to invest jointly in a US$5bn integrated oil refinery and chemical complex on Java. Anon Sirisaengtaksin, chief executive of PTTGC,majority-owned by giant PTT Plc. said PTTGC plans to diversify its business into downstream specialties and green chemicals. More details are not yet available, but an official agreement is expected to be signed by the two in April. (Bangkok Post, 11/12/12)

Comment:

SCC

Bt200bn investment planned — SCC will invest Bt200bn for its five-year investment plan (2013– 2018), focusing on the cement, building materials and distribution businesses. The proportion of revenues from these areas is expected to grow to 40% from 32%, and the proportion from petrochemicals to be cut to 40% from 53%. For 2012, the revenue will reach Bt400bn, it says. (Khao Hoon, 11/12/12)
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TKS

Signs JV with Myanmar partner — TKS said that it has signed a joint venture partnership with a Myanmar partner by taking a 50% stake in the company that is expected to penetrate the IT and printing market, which will help push its revenues in 2013. Fourth quarter earnings are expected to be strong due to seasonality. (Tun Hoon, 11/12/12)

Comment: Great idea but we doubt the IT market there will have any substantial impact in TKS’s financials here in Thailand