Stocks in the news (KTB, MK, PRIN, PT, THAI) – 21.01.13

KTB – FIDF still looking to sell part of its stake — The Financial Institutions Development Fund (FIDF) is to sell out 4% of its KTB stake or approximately 447mn shares. The selling price is expected to be 1.5x its book value or Bt19.20. The proceeds will be used to clear off the FIDF 1 and FIDF 2 debts after it found that there was not enough cash to pay its debts on January 18th. (Khao Hoon, 21/01/13)

Comment: Odd news as the FIDF subscribed to KTB’s newly issued shares…

MK – 1Q13 to post new high — MK expects 1Q13 earnings to reach a new high supported by the transfer of DEN Vibhavadi, valued at Bt880mn. The company targets 2013 revenue to reach Bt3bn and plans to open 3-4 projects worth Bt3-4 bn. (Khao Hoon, 21/01/13)

Comment: Same shareholders as SPALI, always has consistently achieved 10% growth p.a. for as far back as I can remember

PRIN – Going provincial — PRIN will expand into provincial markets, confident that demand will be strong after the high speed railway and AEC start. It has allocated Bt1bn for land acquisition. PRIN revenue and earnings in 2012 are expected to grow 30%YoY. Its goal for 2013 is revenue growth of 17–20%YoY. (Tun Hoon, 21/01/13)

Comment: Nice little family run business, cheap on the #’s, but I fear about its long term ability to compete versus the bigger co’s

PT – 2013 to be an excellent year — PT said its 2013 performance will be outstanding, with revenue growth of 30%YoY to Bt2.5-2.8 bn, pushing earnings up to Bt80mn. It will sign a contract for a project worth Bt1bn in 1Q13. (Tun Hoon, 21/01/13)

Comment: Forecasts seem already to be priced in

THAI – Sets out 2013 targets — THAI expects revenue to reach Bt22.3bn in 2013, with earnings before FX at Bt5-6bn, supported by a 76% cabin factor. The company forecasts airline industry growth of 4-5% this year. (Khao Hoon, 21/01/13)

Comment: A trading stock, this co IPO’ed back in the 90’s @ THB 50/share and its only around low-20’s today…

If you enjoyed this post, please consider leaving a comment or subscribing to the RSS feed to have future articles delivered to your feed reader.

Leave a Reply

Your email address will not be published.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