Stocks in the news (becl, bland, GL, msc, noble, PTT, uv) – 17.01.13


Toll raise negotiations taking the first step — Expressway Authority of Thailand (EXAT) is to set up a subcommittee to consider the toll rate hike today before negotiating with BECL. The rate hike will provide additional revenue for maintenance and construction of new expressway projects. (Manager, 17/01/13)


Trading volume surges — BLAND’s trading volume have ballooned over the past four days, with more than Bt20bn worth of shares exchanged hands, due to its first time limit on cash balances after turnover, volume per day and PE reached SET ceilings. (Khao Hoon, 17/01/13)

Comment: All I can say is look at the fact that he bought so many shares under his own name in the past


Expects new high for motorcycle sales to bring new high for loans — GL said hire-purchase loans for new motorcycles will reach 10,000 motorcycles/month in mid-year after the minimum wage hike and the agriculture prices stay high. The company plans to expand its business to Cambodia. (Khao Hoon, 17/01/13)

Comment: Fantastic story here


Myanmar expansion in the works — MSC plans to expand to Myanmar to generate international revenue. Management said many local companies in Myanmar are interested in becoming a partner. 4Q12 revenue is expected to exceed Bt8bn. (Tun Hoon, 17/01/13)


2013 sights set high — NOBLE targets to 2013 presales to reach Bt7–8bn with revenue of Bt3-4bn. It plans to launch three new projects worth Bt7–8bn and allocate Bt2-3bn for land acquisition. NOBLE also plans to issue a Bt1.5bn corporate bond. (Tun Hoon, 17/01/13)

Comment: Never liked the company’s products, to us its a smaller Sansiri 


Indonesia, Myanmar top PTT’s Asean expansion strategy — PTT recently established two subsidiaries in Jakarta to expand sales of crude and refined oil as well as plastic pellets in Indonesia. (The Nation, 17/01/13)


Univentures eyes revenue boost of 18% despite uncertainty — Univentures targets revenue of Bt5.2bn this year, up 18% from Bt4.4bn in 2012. (The Nation, 17/01/13)

Comment: One of the most heavily trading companies in the past 12 months with its acquisitions in other property companies and its changes in its holdings.

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