HMPRO

HomePro bullish on sales — Home Product Center Plc, the operator of HomePro hardware stores, is confident of achieving 15% sales growth this year to Bt39.71bn despite the economic slowdown and weak purchasing power. As up to 80% of Home Pro’s customers are homeowners, they still spend on home repairs or renovations no matter how bad the economy, said senior vice president Nat Jaritchana. The company’s sales in the first half rose by 17% YoY to Bt19.17bn, while net profit surged by more than 18% to Bt1.42bn amid growing economic concerns. (Bangkok Post, 21/08/13)

IRPC

Expects higher GIM, expanding capacity — IRPC said GIM for the year is expect to touch US$8.00 and oil price for the second half of the year is to surge. Moreover, the company is to expand its capacity for ABS and EBSM from 3Q13 onwards. (Khao Hoon, 21/08/13)

RATCH

Ratch pulls out of JV for Cambodia power plant – Ratchaburi Electricity Generating Holding will cancel its joint-venture agreement with KK Power to build a 1.8-gigawatt coal-fired power plant in Koh Kong province of southwestern Cambodia. (The Nation, 21/08/13)

SIRI

SIRI: 2H13 revenues to beat 1H13 — SIRI said revenues and profits for 2H13 will be higher than 1H13. It expects to book in revenues of Bt15bn supported by its Bt62bn in backlog. It plans to launch 20 new projects worth Bt22bn to help push sales up to its year end target of Bt48bn. (Khao Hoon, 21/08/13)

SPALI

SPALI: 2H13 revenues to beat 1H13 — SPALI is confident that revenues for second half of the year will be higher than the first as more than eight SDH and condo projects will be completed and ready for transfer, helping push revenues to its target of Bt13.5bn. The company will continue to grow through next year, supported by its Bt13.7bn in backlog. (Khao Hoon, 21/08/13)

TICON

To enter JV with ROJNA for Dawei — TICON says that ROJNA has proposed a joint venture to invest in factories in Dawei, Myanmar. It will report more details on its investment plans in 2014. Management also reiterated that revenue this year will grow by 30%, with higher net profit growth than in 2012. (Khao Hoon, 21/08/13)