Stocks in the news (acd, bcp, bts, ccp, ck, delta, eforl, ktb, ptt, tae, tta) 26.06.14
ACD
ACD reports good presales at condo in Maha Sarakham with 50% booked within a week. It is confident that all 300 units will be sold in 3Q14. (Khao Hoon, 26/06/14)
BCP
BCP said that its Bang Chak Hi Diesel is a hit among consumers with market share at #2 for diesel stations and sales of 138mn liters per month. (Khao Hoon, 26/06/14)
BTS
BTS expects to take part it more skytrain development as the government looks to revamp the ticketing system in a project valued at over Bt430mn. The company said that the project is still in the planning phase. (Khao Hoon, 26/06/14)
CCP
Chonburi Concrete to keep price hikes low – Despite heavy competition, Chonburi Concrete Product has been forced by rising costs of raw materials – by an average of 8% – to jack up its prices by 4-5% in the first half of the year, its managing director says. (The Nation, 26/06/14)
CK
CK says no problem at Xayaburi even though the Admin Court has ordered a new EHIA before Thailand buys energy from the dam. (Khao Hoon, 26/06/14)
DELTA
No problem with EU issue — DELTA says it will not be affected by the Thai EU FTA situation, as electronic items are seldom taxed. Management is confident that profit will grow by 5-10% this year as margin improves. (Khao Hoon, 26/06/14)
Comment: Several electronic manufacturer names in Thailand were hurt by the news of the EU sanctions, but in reality nothing has changed for their businesses.
EFORL
EFORL buys into Dazo Italian cosmetic makers, in a deal worth Bt36mn to acquire an 18% stake. The management is confident that beauty will be a successful product trend. It also sold its stake in Enmo as it shifts direction. (Khao Hoon, 26/06/14)
Comment: Strange…small and inconsequential to the business
KTB
KTB reports 5M14 loan growth of over 10.7%, the highest among peers. All loan segments saw some growth. (Khao Hoon, 26/06/14)
Comment: The highest growth out of all banks, what slowdown?
PTT
PTT expects to remove and replace more than half its board members as the NCPO shakeup continues. Dr. Priyasvasti is expected to chair the board. (Krungtep Thurakit, 26/06/14)
TAE
TAE expects to see growth in 2Q with ethanol sales at 48mn liters in 1H14. The company expects to be energy independent in 3Q as it produces its own energy. (Khao Hoon, 26/06/14)
TTA
TTA expects a strong end to the year as high season for shipping approaches. It says TC rates were better in 3QFY14. Its subsea business and fertilizer plant in Vietnam are growing well. (Khao Hoon, 26/06/14)
Comment: Well with its write off’s of several assets earlier in the year, perhaps now the company can consistently generate profits