AMATA 

Flood hits Amata Nakorn- More than 700 factories in the Amata Nakorn Industrial Estate in Chonburi have been cautioned to monitor the floods closely, as they may face a repeat of the 2011 deluge. Viboon Kromadit, the estate’s chief of operations, said evacuation should be prepared and drilled even though the water has yet to affect their operations. Yesterday he said the estate has seen minor flooding in phases 7-9 where 200 factories are located. (Bangkok Post, 09/10/13)

Comment: We don’t think the floods will actually reach Chonburi area, if it does then Amata’s price drops and simply pick up the shares again, just like 4Q11

DELTA

Close to sealing a deal in Europe — DELTA is close to closing a deal to invest €12mn in Germany by the end of this year. It is looking to acquire one more business this year. It expects this year’s net profit to reach a high not seen for five years with 10% sales growth. (Khao Hoon, 09/10/13)

Comment: Now this is interesting news 

EA

3Q13 profit over Bt24mn— EA said 3Q13 profit exceeded Bt24mn, jumping 342% YoY, with 9M13 profit of Bt167mn, already higher than the full year 2012 profits. Its 90MW project will start up in December and revenues will begin in 4Q13. (Khao Hoon, 09/10/13)

Comment: Again, valuations, just don’t make sense here

GLOBAL

Growing to 30 outlets by end-2013 — GLOBAL aims at 30 branches by the end of the year, with 40% revenue growth. Its capital . The company reiterates that revenues is to grow by 40% this year. It will raise funds of up to Bt5bn in its capital increase. (Khao Hoon, 09/10/13)

Comment: Curious on the price that it will state for the cap increase, we’re staying away until things are clearer, ideally we thought a flood recovery play, this changes things

KMC

Name change, capital increase — KMC will increase capital by issuing 5bn shares for Bt0.53/share via PP. The company will use the proceeds to acquire land for new projects and expects to eliminate accumulated debt by 2Q14. It also will be changing its name to “AQ Estate”. (Khao Hoon, 09/10/13)

Comment: Well it has to, just look @ their balance sheet, name change is expected so that the image of the company can start afresh, a lot of investors above the age of 40 still know KMC from its bust days in ’97 

LH 

Entering mid to low condo segment — LH is to entering the mid to low end segment of the condo market with its November launch of a new project, EASE, two 8-storey condo buildings located on Rama 2. Unit price is to start at Bt1.39mn. The project competes with Serrano Condominium and Inspire Estate where unit prices start at Bt1.29mn. (Khao Hoon, 09/10/13)

Comment: Unlikely a threat to LPN

NOBLE

Expects to reach this year’s sales target — NOBLE expects sales this year to reach its target of Bt7.5bn, with backlog of over Bt14bn, on which revenues will be realized in 2013-2015. It will be launching Noble Revo Silom, worth Bt1.7bn. It targets presales this year to grow by 60% YoY and will launch 4-5 new projects next year. (Khao Hoon, 09/10/13)