Surge in profit in 4Q12 — BTS posted a 4Q12 profit of Bt1.17 bn, up more than 200%YoY. The impressive earning is supported by15.7% YoY growth in ridership to 600K riders/day. Other businesses, advertising and property, also did well. (Khao Hoon, 14/02/13)
Comment: We’ve commented on BTS quite a few times already, thus the same story holds, its main driver for the past few months is the infrastructure fund
DCC looking for new high for earnings — DCC expects to post a new high for earnings at Bt430mn, increasing 12–15%YoY, after revising its sales strategy brought growth in January of 14%YoY. (Khao Hoon, 14/02/13)
Comment: Argh! We were hoping the stock prices decline wouldn’t have been noticed, as we we were looking to add this…oh well, good company, strong operations.
PTTEP seeks extended pay period for $500m debt — PTT Exploration and Production Plc (PTTEP), Thailand’s sole oil and gas explorer, plans to negotiate with banks to reschedule the payment of some of its US$3.7bn in debt. (Bangkok Post, 14/02/13)
SPALI sais 2012 presales grew more than 20% — SPALI will announce its 2012 result in late February. Presales grew more than 20%. SPALI will allocate Bt 4-5bn for land acquisition. The company has current backlog of Bt29bn. (Tun Hoon, 14/02/13)
Comment: I’ll put my hand up, way back in ’05 I never thought SPALI would be where they are today. Continue reading Stocks in the news (bts, dcc, pttep, spali, svoa, thcom) – 14.02.13