Stocks in the news (ait, bmcl, dtac, ksl, pjw, ssi, susco, tvd) – 11.02.13


Aiming high — AIT aims to bid for more than Bt10bn worth of project this year from trueNET-CAT-ICT. The company also revealed that it is in the process of obtaining a concession from the government of Myanmar to invest in the telecommunications sector. AIT targets revenues this year to reach Bt5.4bn after booking profit of Bt3bn from its current backlog. (Khao Hoon, 11/02/13)

Comment: Always liked this company and its management, they’ve been able to consistently and grow with its government contracts.


BMCL gaining from weaker yen — BMCL is benefitting from the weakening of the yen and will be refinancing its yen loan into baht, reducing its debt by Bt4-5bn. The company aims to set up an infrastructure fund worth Bt40-50bn to raise funds to bid for new train lines. (Khao Hoon, 11/02/13)

Comment: Et voila, infrastructure fund


DTAC 2012 net profit falls 4.5% — Total Access Communication PCL Friday reported a 4.5% fall in 2012 net profit mainly as a result of higher costs of sales and service. Thailand’s second-largest mobile phone operator by subscribers posted a net profit of Bt11.28bn (US$378.6 million) down from Bt11.81bn in 2011, according to financial statements filed to the Stock Exchange of Thailand. (Dow Jones Newswires, 8/2/13)


Ethanol, electricity to boost 2013 profit 10-15% — KSL is confident that 2013 revenue will grow 10-15%, supported by ethanol and electricity. The ban on benzene 91 will benefit the ethanol business. Also, its international business is turning profitable. (Tun Hoon, 11/02/13)

Comment: Bio-mass plants are a natural extension of any sugar business today, KBS is another one to look at


Expects higher revenue in 2013 — PJW says revenue in 2013 will grow from 2012. It expects revenue growth of 20-25%, supported by high orders on hand. (Khao Hoon, 11/02/13)


Production rising — SSI announced that it produced 28mn tons of hot-rolled coil, equal to 12.5K tons/day, The company expects 2013 steel demand to grow 7.2%. (Khao Hoon, 11/02/13)

Comment: If everything comes together for this company, then the stock is worth so much more than where it is today.


Contribution from Petronas boosting sales — SUSCO said the contribution from Petronas will raise 2013 sales to Bt27-28 bn, up from Bt17–18bn last year. The company will allocate Bt300mn to rebrand Petronas to Susco. 4Q12 results will be released at the end of February. (Tun Hoon, 11/02/13)


Insurance payment of Bt80mn expected — TVD expects to receive the Bt80mn in payment on its insurance claims from the fire. Management has targeted 20% YoY growth in 2013 after expanding into new distribution channels and launches a new product. (Tun Hoon, 11/02/13)

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