AGE boosts coal exports to feed plants in Asia – MAI-listed Asia Green Energy (AGE) aims at 20% growth in coal sales volume next year as it boosts exports to countries building coal-fired power plants. Managing director Panom Kuansataporn said coal sales volume is seen rising to 2.4mn tonnes this year and 3mn tonnes next year, up from 1.7mn tonnes in 2012. (Bangkok Post, 19/11/13)

AOT Passenger numbers closing in on 70mn — AOT announced that passengers have increased to almost 70mn. AOT’s board will meet and discuss compensation for Mr. Makin Petplai, the new MD on Nov 21. The president of the board said his contract will be signed before Nov 25. (Khao Hoon, 19/11/13)

Comment: They will eventually have to do something about capacity constraints, major capex coming soon? Or will it be another 40 years?

ERW Targets 13% 2013 revenue growth — ERW targets revenue growth of 13% YoY in 2013, supported by strong tourist numbers. The company is also raising hotel rates by 10% next year and will invest Bt2.5bn to open 13 new hotels. (Khao Hoon, 19/11/13)

Comment: This is an asset play more than anything else in our eyes

MEGA Trades from today — MEGA will begin trading on the exchange today. It is expected to stay above its IPO price of Bt17.5 per share. Current political turmoil should leave it unscathed due to its solid fundamentals and potential growth. (Khao Hoon, 19/11/13)

Comment: As of writing up 7% for the day, It has an interesting story

MINT Minor unveils B37bn strategy – Minor International Plcset its five-year investment plan for 2014-2018 at Bt30-37bn to expand both its food and hotel businesses. Of the total, Bt20-25bn will be used to diversify its existing business, while Bt10-12bn is for new investment opportunities, likely hotel acquisitions, said Chaiyapat Paitoon, vice-president for strategic planning. (Khao Hoon, 19/11/13)

SPALI says revenue will grow 10% YoY in 2014 — It aims to launch 23-24 new projects worth Bt30bn. It has lowered 2013 presales to Bt20bn from Bt24mn after delaying project launches. It expects revenue this year of Bt13.5bn. (Khao Hoon, 19/11/13)

Comment: We are seeing a lot of the property developers delaying projects, not a good sign

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