BAFS 10% growth in fuel sales in November — BAFS reports fuel sales of 435mn liters in November, up 10% YoY. 11M13 sales increased to 4.49bn liters due to more flights. (Khao Hoon, 9/12/13)
Comment: This company can essentially be seen as a bond that grows with the increased traffic at the Bangkok Airports
ECF New Japan deal expected — ECF expects a new multimillion baht deal in Japan this month and has signed the Philippines deal. The Philippines deal is expected to generate minimum revenue of Bt10mn. The management expects revenue in 2014 to grow by 15%. (Khao Hoon, 09/12/13)
Comment: No idea what this company is
OISHI Big plans — OISHI aims at 2014 food revenue of Bt7.4-7.5bn from an expected Bt6.5bn in 2013. It will invest Bt600mn into 50 new branches. It will open in Myanmar in 1Q14, adding to its two overseas branches. (Khao Hoon, 9/12/13)
Comment: Once the darling of investors, the stock is down 41% YTD and is still trading @ 80x PE13!
MC Expects 30% growth in 2014 — MC says it expects to record 30% revenue growth in 2014 on the consolidation of Time Deco earnings. It has two more M&A deals in the pipeline, costing no more than Bt200mn. (Khao Hoon 09/12/13)
Comment: It looks like they are going to buy growth a la Minor Group, if the same playbook is followed, they’ll buy co’s @ 10x PE, and b/c MC is trading @ 15x PE, booyah 50% growth in the EPS of their acquisition.
RATCH Sells shares to subsidiary — RATCH has sold Nawanakorn Electricity Generating shares to a subsidiary for Bt160.8mn as it adjusts its investment structure. (Khao Hoon, 9/12/13)