Stocks in the news(ap, bay, CPALL, itd, kce, scc) – 31.01.13

AP
AP aiming at 15% YoY growth in revenues — AP aims for revenue growth of Bt20-21bn, a 15% increase from last year’s Bt17bn. It targets sales of Bt23-25bn, a 15-20% increase from last year, which will help raise its current backlog of more than Bt27bn. The company expects to launch 23 projects, worth Bt24bn this year. (Khao Hoon, 31/01/13)

BAY

BAY to keep retail core — Whether or not its shareholding structure is changed, Bank of Ayudhya will continue to run with its core business model as the bank’s risk-management approach has proved itself amid the current growth in consumer lending. (The Nation, 31/01/13)

Comment: Their retail business really has sky rocketed over the past 3 years, still one of the cheaper banks in Thailand

CPALL

CP All eyes licenses in four Indochina markets — CP All Plc, operator of the 7-Eleven convenience store chain in Thailand, may accelerate its expansion if it wins more licenses to operate the stores in Myanmar, Laos, Cambodia and Vietnam to cash in on the huge business opportunity when ASEAN becomes a single market in 2016. (Bangkok Post, 31/01/13)
Comment: Wow, this is exactly what Thai companies should be doing! If CPALL could pull this off their stock price will rocket

ITD

Ready to sign 2nd Red Line contract — ITD will sign the second Red Line (Bang Sue – Rangsit) contract valued at Bt21.2 bn after cutting its proposed price of Bt24 bn. (Khao Hoon, 31/01/13)

KCE

Targets 25% sales growth — KCE targets sales growth of 25% or US$250mn, aligned with the automotive industry growth. The company expects to post the strongest quarter for the year in 4Q12. It expects to expand its new plant in 3Q13. (Tun Hoon, 31/01/13)
Comment: The son has taken the realms here and has helped to weather the floods from 2011 and get this company on track to perform well

SCC

SCG expands in run-up to AEC, allotting Bt50 bn for region — Siam Cement Group, Thailand’s largest industrial conglomerate, will spend Bt40bn to Bt50bn this year on its cement, construction material and logistics businesses, as it expands its regional presence ahead of the ASEAN Economic Community’s implementation in 2015. (The Nation, 31/01/13)

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