Stocks in the news (bmcl, ck, kbank, match, samart, smt) – 24.01.13

BMCL – Still negotiating over Purple Line — A BMCL insider revealed that the company discounted the costs for the Purple Line, Bang Yai – Bangsue, down Bt700mn but the MRTA is still not satisfied and wants a discount of Bt1.2bn. The MRTA expects BMCL to make a counteroffer within seven days, but the company believes lowering the price will be difficult due to higher wages and the absence of BoI support since there is still no TOR. (Khao Hoon, 24/01/13)

Comment: The stock has been pushed up a lot over the past 2 weeks mainly due to this news as well as, we believe, over a potential sale to an infrastructure fund in the future

CK – Expects 20-30% revenue growth — CK has raised its sights to revenue growth of 20–30%YoY to Bt25-28bn after the beginning of four large projects. It plans to bid for many projects for a total of Bt400-500bn. Winning would increase its backlog to Bt160bn. CK will book Bt2.2bn from the sale of TTW share in 1Q13. (Khao Hoon, 24/01/13)

Comment: Their corporate restructuring does set the group up well for future sales and listings

KBANK -KBank to name president but stick with strategy — Kasikornbank will announce its new president at the end of next month but it has pledged to keep its existing business strategy in place. (Bangkok Post, 24/01/13) Continue reading Stocks in the news (bmcl, ck, kbank, match, samart, smt) – 24.01.13