Looking at 20% YoY sales growth — EASTW is confident that its sales will increase 20%YoY from last year sales of Bt3.31bn due to the quantity sold and 10% price increase. The company will invest Bt4 bn to construct a water pipeline to Map Ta Phut Industrial Estate next year. (Khao Hoon, 17/12/12)

Comment: Lovely lovely cash flow business + with the infrastructure play has pushed the stock price up to slightly silly levels trailing PE 16x div yield 3%, not interesting anymore.


Good outlook for world gas price a plus — SGP says the rise in world gas prices supports continued good momentum in 4Q12. It expects 2012 sales to achieve the target of Bt50bn and expects 20% YoY growth in 2013 with the CAPEX of Bt1bn. (Khao Hoon, 17/12/12)


TICON expects Bt700mn plus from asset spin-off — TICON expects profit of more than Bt700mn from the sales of its factories and warehouses to TFUND-TLOGIS property funds in 4Q12. This will push this year’s earnings to Bt1bn. Management also target revenues to reach Bt6.5-7bn and also expects to invest approximately Bt5-6bn next year. (Khao Hoon, 17/12/12)

Comment: Same story every year (excl natural disasters), this co was our team’s first multi-bagger way back when but in our eyes its shifted from a growth to value investment and only when the price is depressed would we consider re-entering


Thoresen Thai shareholders reject US$323mn rights issue plan — Shareholders of Thailand’s leading shipping firm, Thoresen Thai Agencies Plc, have rejected a US$323mn capital-raising plan and asked the management to look for other options, its chairman said. (Reuters, 14/12/12)

Comment: Shares in TTA are stupidly cheap, I can understand why the Mahagitsiri family wanted to do the 1:1, opportune time to raise capital at a stupidly cheap price


Expects 20% growth in 2013 sales — TVD targets 2013 sales to grow 20%YoY from Bt2.2bn in 2012. The company plans to expand TVD Direct Showcase both at home and into Indochina. The international sales will be up to 4% from 2% in next year. (Khao Hoon, 17/12/12)

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