Raising growth target again — APCO is raising its earnings target again to growth of 70-75% YoY. The company expects 4Q13s to be outstanding as it is the high season. (Khao Hoon, 11/10/13)
Comment: Never heard of this company before, no idea what it is
Cutting MAKRO holding — CPALL is planning to reduce its holding in MAKRO from 97.88% to less than 60%. It also plans to issue bonds to raise Bt40bn, using the proceeds from both the new bond issue and the sale of MAKRO shares to reduce its current debt of Bt180bn. (Khao Hoon, 11/10/13)
Comment: This changes the picture for cpall quite dramatically, expect to see a lot of new analyst reports out
Floods to give short-term boost — GLOBAL will get a short term boost as flood damages will raise demand for its products. It expects 4Q13 to be its best quarter. (Khao Hoon, 11/10/13)
Comment: We expected as much, HMPRO and maybe DCC and DRT may benefit too.
Putting off Indonesia plan — HTECH will delay its plan to establish a factory in Indonesia, due to unfavorable market conditions. 3Q13 was on target, but there may be a slowdown in the final quarter because the flooding is starting to take effect on its customers. (Khao Hoon, 11/10/13)
PTTEP slashes 2013 growth target to 7% in second revision – PTT Exploration and Production (PTTEP) has cut its sales growth target for 2013 to 7% after confronting several problems. (The Nation, 11/10/13)
Highest presales in sector in 9M13 — SIRI reported presales for 9M13 reached ~Bt37bn, highest amongst the property developers and equivalent to 80% of its target of the year of Bt48bn. The company will be launching seven new projects worth Bt8.7bn in 4Q13. (Khao Hoon, 11/10/13)
Comment: All great but next year they may have negative growth and their costs are “returning”

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