CPF Freshening CP Freshmart — CPF is spending Bt50mn on “CP Freshmart”, with promotional campaigns and a new Santa promotion. It expects sales during the holiday festival to double. (Khao Hoon, 11/12/13)

EARTH expects 2014 coal sales at >8mn tons. The company will target more foreign markets to help support growth as it believes that coal prices have bottomed out. JORC reports that the company’s acquisition of the Indonesian mine is 90% completed and is expected to be completed by December. (Khao Hoon, 11/12/13)

Comment: This company still continues to amaze, and yet doesn’t really seem to meet with anybody.

KTB 4Q13 to beat 3Q13 — KTB said that 4Q13 earnings will be better than 3Q13 with the bank setting aside normal provisions after NPL levels continue to decline. It expects loan growth 2014 to be 1-1.5 times higher than GDP or at 5-7%. (Khao Hoon, 11/12/13)

Comment: We doubt that banks will do well next year, the easy EPS growth via corporate income tax reduction from the past 3 years is gone

N-PARK 2013 profit at least Bt400mn — N-PARK says its net profit for this year will end at no less than Bt400mn, higher than 2012, with 9M13 profit already at Bt326.36mn and revenues at Bt1bn. Revenues next year are expected to be raised when it realizes revenue from three new projects worth Bt2.3bn. (Khao Hoon, 11/12/13)

NUSA Increasing capital — NUSA will increase its capital by 1bn shares, with private placement of 400mn and warrants of 600mn. (Khao Hoon, 11/12/13)

Comment: This company has funny shareholders

NWR targets 2014 revenue growth of 5-10% from this year’s revenues, which are expected to grow by 15%, lower than its initial 20% target. It expects the number of government projects to decrease from the dissolution of parliament. It will bid for Bt7.6bn new projects and expects to win Bt4bn. (Khao Hoon, 11/12/13)

PTTGC , Pertamina move to next level of collaboration on petrochem complex – Pertamina and PTT Global Chemical (PTTGC) have signed an agreement on a manufacturing joint venture with a view to pursuing a final investment decision on a world-scale petrochemical complex in Indonesia, which is targeted for commercial operation by 2018. (The Nation, 11/12/13)

TPOLY Expects 2014 revenues of Bt3.6bn — TPOLY targets revenues for 2014 of Bt3.6bn from this year’s target of Bt3bn. It will bid for new projects worth Bt10bn. It expects gross margin next year to increase to 12% supported by new bigger projects. Moreover, it is looking to list its subsidiary, “TPC Power Holding”, in Mai at the end of 2014. (Khao Hoon, 11/12/13)

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.