Stocks in the news (aot, bay, ccp, ivl, kk, ptt) – 26.02.13

AOT

AOT expecting record number of arrivals — AOT estimates the number of passengers passing through Suvarnabhumi this year to reach 50mn, after reaching a record of 170K per day from 150K over the Chinese New Year. It aims to address the airport congestion problem before the completion of Phase 2. (Khao Hoon, 26/02/13)

BAY

New campaign to push electronic channels — BAY’s new campaign “Krungsri Roo Jai Dining All Year” is expected to stimulate its customer services and financial transactions through electronic channels. The company expects customer usage to grow by 20% in 2013, pushing it to becoming one of the leading businesses in electronic services. (Khao Hoon26/02/13)

CCP

Expects 2013 to break more records — CCP confirms a continuation of record-breaking profit in 2013 and expects to distribute an interim dividend of 40% of its profits after it has cleared all its accumulated losses in 1Q13. It expects to win 2-3 new deals, pushing its work in hand up to Bt3bn. (Tun Hoon, 26/02/13)

IVL

Says this year will bring turnaround — IVL says it expects 2013 to bring a turnaround in performance, targeting revenue of US$8.1bn, or up 19% YoY, supported by the recovery of the PET business. Profits for 2012 shrank to Bt4.612bn. (Khao Hoon, 26/02/13)

Comment: I’ve always been impressed by this company since it was IRP back in the day.

KK

35% target leasing growth over two years — KK targets 35% leasing growth over the next two years. This year the company expects its integration with Phatra to push its leasing business up to more than Bt3bn and expand its customer base group to more than its current five business groups. The bank said it will emphasize on diversifying its risks by diversifying more of its portfolio and leasing. (Krungthep Turakij, 26/02/13)

Comment: The Thai version of Barclays :) 

PTT

New chairman chosen — Vichet Kasemthongsri, a former deputy transport minister has been chosen as the new chairman of PTT. 2012 net profit for 2012 exceeded Bt100bn with dividend of Bt8/share on 2H12 to be XD on March 6. (Khao Hoon, 26/02/13)

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