Stocks in the news (banpu, lpn, nbc, pjw, pttep, pttgc) 22.02.13

BANPU

Buyback boosts Banpu share price – The SET-listed Banpu Plc, ASEAN’s leading coal miner, announced a Bt6.15bn share buyback plan yesterday, a move that rallied its share price after its net profit dropped last year on weakening coal prices. (Bangkok Post, 22/02/13)

Comment: While good on a ST basis, it doesn’t cloud the fact that Banpu sold off part of its business 2 years ago, hence why EPS can’t return to its former hey days

LPN

LPN looks for Bt2bn plus in revenue in 1Q13 — LPN says that it expects more than Bt2bn in revenue in 1Q13 and expects revenue in 2Q13 and 3Q13 to jump to over Bt10bn due to higher number of unit transfers. The company is to launch a large condominium project located in Rangsit Klong 1 worth Bt6bn in 2Q13. (Khao Hoon, 22/02/13)

Comment: Great co, great management, well placed, bloody exp stock price.

NBC

Expects 15% growth in 2013 revenue — NBC expects revenues for 2013 to increase by 15% from last year’s Bt547.31mn, supported by strong growth in the media industry. The company has also given the green light to increase capital by issuing 541.84mn new shares at rights of 1 old to 2 new at an offering price of Bt3/share. The proceeds will be used to bid for a TV digital license at the auction that will be held in March. (Tun Hoon, 22/02/13)

PJW

Dividend of Bt0.15 — PJW’s board approved a dividend of Bt0.15/share off the impressive 2012 earnings, when profit rose 39.6% to Bt202.7mn from 2011’s Bt145.2mn due to better sales in all its product lines. Management says it expects revenue growth of 20-25% this year based on a strong inflow of orders for lube base, auto parts, and food packaging products. (Khao Hoon, 22/02/13)

Comment: Looking forward to hearing more about this company at its opportunity day

PTTEP

PTTEP keen on larger stake in Mozambique — PTT Exploration and Production Plc (PTTEP) may buy additional shares in Mozambique’s Rovuma offshore area if other shareholders want to offload their stakes. (Bangkok Post, 22/02/13)

PTTGC

PTTGC budgets Bt300 bn for ten years — PTT Global Chemical plans to invest Bt30bn a year or Bt300bn over ten years to set up new petrochemical plants in Malaysia, Indonesia and China. (The Nation, 22/02/13)

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