The SET has continued its magical rise in the past week buoyed with local fund flow more than anything else. The MPC meets later this week I’m hoping that they prove they have a backbone and not cut rates.
AGE 2013 targets — AGE targets revenue of Bt6bn for 2013 and a profit margin of 15%. The company said there has been an increase in coal orders and better performance in its shipping & logistics business. Moreover, its warehouse in Ayutthaya is back in operations which will help reduce costs. (Khao Hoon, 18/02/13)
Comment: This company has done incredibly well over the past 7 years
BLAND To sell shares in IMPACT — BLAND announced plans to sell around 40% of its share in IMPACT, which is listing, giving it Bt3.2bn in extraordinary gains from the value of the IPO worth Bt20bn. The proceeds will be use to expand the IMPACT Muang Thong and will increase its book value up to Bt2.32/share. (Khao Hoon, 18/02/13)
Comment: Wooo! K. Ananttttt!
INTUCH To spend Bt70bn to expand 3G — INTUCH announced that it will invest Bt70bn over the next three years to expand its 3G network coverage on its 2.1 GHz spectrum up to 97%. It expects its voice revenue this year to grow by 6-8%, with non-voice revenue rising 25-30%, even though profits for 2012 fell 16.7%. INTUCH will pay a dividend for its operation period of 1st Jan-28th Mar 2013 of Bt1.88/share on 25th of April and its shareholder’s meeting is to be held on the 29th March. (18/02/13) Continue reading Stocks in the news (age, bland, intuch, kmc, major, n-park, tse) – 18.02.13