Stocks in the news (aot, lpn, ppp, sccc, sport, wha) – 15.02.13


Earnings soar 173% YoY in 1QFY13 —AOT posted 1Q FY13 earnings of Bt3.4 bn, growing 173%YoY. Revenue was Bt8.6 bn. AOT is benefiting from the reopening of Don Mueng airport. It also recovered a FX gain of Bt1.3bn. (Khao Hoon, 15/02/13)


DPS of Bt0.53 — The LPN board approved a dividend of Bt0.53/share on its profit of Bt2.21bn in 2012, increasing 15.61%YoY. (Tun Hoon, 15/02/13)

Comment: Fantastic company, well-run, perfect product for the Thai property market. 


Popular with traders — Newly listed small stocks remain popular among stock traders, with Premier Products Plc (PPP) making a 198% gain from the IPO price on its debut on the Market for Alternative Investment (mai) yesterday. PPP hopes to clear retain losses of over Bt90mn in the first quarter of this year, allowing it to pay dividends on 2013 operations. (Bangkok Post, 15/02/13)


Looking at a good 2013 — SCCC guarantees a strong 2013 performance, with growth in double digits from Bt26.4bn in 2012, boosted by strong demand in both domestic and international markets. The company has allocated capex of Bt2bn. It is studying the opening of a cement plant in Cambodia, expected value of Bt1.45bn. (Tun Hoon, 15/02/13)


Core business at peak — SPORT’s core business has reached its peak, pushing its revenues this year to exceed Bt600mn, or a 30% increase YoY. The company aims to expand into the e-book market and expand its customer base along with signing a contract to show the live Toyota Football Premier for the next five years worth Bt200mn. (Khao Hoon, 15/02/13)

Comment: We always used to trade this stock whenever the world cup came around.


To pay stock dividend — WHA is to pay a stock dividend to solve its liquidity issue. It estimates revenue from rental and services income at Bt2.2bn and from the sale of assets to its property fund for 2012 and 2013 at Bt2.6bn. Net profit for 2012 reached Bt213mn, quadrupling last year’s and it expects net profit for 2013 to increase to Bt715mn. It plans to sell its distribution centers in Bangna-Trad worth Bt2.2bn into its property fund. (Khao Hoon, 15/02/13)

Comment: Stupidly overvalued.

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