Stocks in the news (Bigc, demco, dtac, lalin, Siri, smt) 19.02.13


Big C keeps strategy after good 2012 results – Big C Supercenter says its impressive sales growth last year of 9.3% to Bt112.1bn reflects its successful business model, accelerated network expansion and fine-tuned marketing strategy. (The Nation, 19/02/13)

Comment: Good well managed company, but the potential multiple collapse on slightly missed earnings is a constant fear in the back of our minds


Gets contract to build three solar farms — DEMCO signed a big project, “Rojana Energy”, a contract to build three solar farm projects worth Bt2.22bn. It expects to recognize revenues of Bt2bn as early as 1Q13, pushing its backlog up to Bt5bn. (Khao Hoon, 19/02/13)

Comment: A story we’ve followed since the stock was at thb 3.5/share back in 2010, however we’ve been out for the past few months now.


Ready to go — DTAC is ready to provide 2G-3G-4G service on its 800MHz-1800MHz-2100MHz spectrum as it has upgraded its nationwide system by successfully completing 15,000 base stations to accommodate diverse groups of customers in the future. (Tun Hoon, 19/02/13)


LALIN going upcountry — LALIN aims to expand in the upcountry market and targets sales of 20-30% from its total target sales of Bt2.65bn this year. It plans to launch 3-5 projects in the upcountry, with its project, “Lanceo CRIB” in Chonburi worth Bt1.2bn already selling at 60-70%. The company target revenues of Bt2.25bn this year. (Khao Hoon, 19/02/13)

Comment: Another property company going upcountry!


Successful property fair — SIRI’s “Life Comes Home 2013” property fair was a success with Bt13bn in presales, bringing presales up to Bt14.8bn. It is confident it will break its target of Bt20bn in the first quarter, as backlog is now up to Bt68.3bn. (Khao Hoon, 19/02/13)

Comment: One question that I have been posed is the transfers at the end of projects are equal to the bookings, however the market doesn’t see this is as a risk just yet


To clear out losses this year — SMT says it will clear out its Bt103mn in losses this year as it will book in more than Bt700mn in insurance claims in the first and second quarter of this year. It expects revenues to jump to Bt13bn this year, supported by orders from five new customers. (Khao Hoon, 19/02/13)

Comment: likely to provide upside for the stock, this used to be people’s darling back in ’10

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