Stocks in the news (DNA, GUNKUL, KBS, PTT, SIRI, SPCG) – 18.12.12

DNA

To trade on MAI next week — DNA will trade on MAI on 21st December 2012. Management said the company’s strength lies in its strong leadership in the home entertainment – movie and music – business. The company currently has 1,432 branches and aims to take number one market share by using the money raised to expand its businesses. The company set a revenue target of Bt2bn this year and expects revenues to grow by no less than 30% in 2013. (Tun Hoon, 18/12/12)

GUNKUL

Strong growth this year — GUNKUL expects revenues this year to exceed Bt4.3bn, with a high gross margin of 23%. The company is confident that revenue growth will continue, supported by strong profits from its alternative energy business. It plans to invest Bt4bn to expand its energy business next year. (Khao Hoon, 18/12/12)
Comment: GUNKUL has been able to shift their business model from being a trader of goods to actually owning stakes in energy businesses, but despite liking it’s business I still find the stock to be expensive for me (seems to be a recurring trend this month)

KBS

To increase capital for placement with Mitsui Group — KBS’s board agreed to a share increase of 100mn that will be privately placed with Mitsui Group. As part of KBS’s plans to find a partner, Mitsui Group will hold a 9.1% stake in the company and is expected to help support the company’s competitiveness. (Tun Hoon, 18/12/12)
Comment: we already know that KBS is building an electricity plant for its sugar factories, not sure why they need the additional capital at the moment

PTT

PTT keep on Thappline control — PTT says it will have to establish a new company to invest in and manage oil pipelines serving the Northeast and North if it fails to take majority control of Thai Petroleum Pipeline (Thappline). (The Nation, 18/12/12)

SIRI

SANSIRI growth to boost plus property by 20% next year — Sansiri subsidiary Plus Property, a real-estate management and brokerage company, targets growth of at least 20% next year, against expected 2012 income of Bt650mn. “The main driver of Sansiri’s business growth next year will come from our new residential projects upcountry, which will account for about 30% of our presales worth Bt42bn this year,” said Apichart Chutrakul, chief executive of both Plus Property and Sansiri. (The Nation, 18/12/12)
Comment: I’ve already stated enough times the game that is being played here

SPCG

Expects 2013 revenues to double from 2012 — SPCG is confident that revenues next year will double this year’s, with revenues of more than Bt1bn due to an increase in electricity sales. It expects to set up its infrastructure fund, worth Bt5bn, in 1Q12, with sale of units in 2Q12. (Khao Hoon, 18/12/12)
Comment: wow another one jumping on the infrastructure fund band wagon!

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