Sale of TTW stake gives huge one-time-gain; good news already priced in — CK’s Board of Directors approved the sale of 11% of its holding in TTW at Bt7.55/sh to BECL. This is subject to shareholders approval, with meeting scheduled on Feb 5th.

It’s a Bt3.3bn transaction, CK will be left with 19% stake in TTW. Since CK also holds 15% stake in BECL.

3G coverage accelerates — 80% penetration seen a year ahead of plan.Total Access Communication (DTAC)has earmarked 25 billion baht for installation of its third-generation (3G)mobile network over the next three years as it accelerates its time frame for covering 80% of the population. (Bangkok Post, 21/12/12)


KAMART expects boost from New Year sales — KAMART expects its sales to grow 30% in 4Q12 due to the New Year season. Management plans to expand the store and distribution channels to support its revenue and earning growth. (Tun Hoon, 21/12/12)
Comment: despite what I’ve read from analysts reports and the news, I’ve never seen any of their shops full…


SCC buying ceramic tile company in Vietnam — SCC has entered into an agreement with the current shareholders of Prime Group (ceramic tile business in Vietnam) to acquire 85% worth Bt7.2bn. This transaction is set to complete in 1Q13. Prime Group operates six ceramic tile plants with a total capacity of 75mn sqm, and is one of Vietnam’s leading domestic producers with a domestic market share of 20%. Post transaction, SCG will have total ceramic tiles production capacity of 225mn sqm, of which 48% is in Thailand, 33% is in Vietnam, 14% is in Indonesia, and 5% is in the Philippines. (Bangkok Post, 21/12/12)


Expects sales to reach Bt5bn in five years — TRT has outlined a five-year plan to reach Bt5bn in sales, 20–25% growth YoY, from the current Bt2–2.1bn. It has backlog of Bt1.3bn and plans to bid for projects worth Bt3.6bn, expecting to win 20–25% of total bids. TRT has begun its expansion into the broader AEC market with a Bt300mn project in Myanmar. (Khao Hoon, 21/12/12)
Comment: I’ve met management here a while ago, and did walk away impressed however the company hasn’t performed as well for the past 2 years and I’ve seen management selling share over the past 6-12 months

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