Stocks in the news (bmcl, lpn, ppp, rml, tmb) – 04.02.13

BMCL

BMCL discussing with MTRA over OTM contract for Purple Line — BMCL will be negotiating with the government on OTM contract for the Purple Line, Bangsue–Taling Chan. If negotiations fail, the MRTA will manage the project itself. BMCL expects the number of passengers on its current lines to grow 17% from last year. (Tun Hoon, 04/02/13)

Comment: Stock has been on a tear, can’t see how this news is relevant to it, I suspect its the infrastructure fund play

LPN

LPN in venture with CPALL — LPN will launch a Bt2bn condo project in Udon Thani and develop a Bt200mn shopping centre in the border province through a joint venture with CP All. (Bangkok Post, 02/02/13)

Comment: A repeat of the same news announcement before, still great for both parties, especially lpn as it only helps to develop their communities 

PPP

Sets IPO price at Bt5 — PPP IPO shares will be sold at Bt5/share, with subscription period to run from February 4-6 and trading to begin on February 14. The company is confident investors will be interested in the company and targets revenue growth of 20% this year. (Khao Hoon, 04/02/13)

RML

New major shareholder — JS Oil Pte Ltd, will invest Bt2.14bn to acquire a 24.97% stake in RML from IFA. Mr. Pradit Phataraprasit has been appointed as the new chairman of the Board of Directors to replace Mr. Sompoch Intranukul. JS Oil said it has no plans to change the company’s main business. (Khao Hoon, 04/02/13)

Comment: A fairly odd transaction, we used to have rml back in ’10 to ’11, the new shareholders will have to give a clear story of their plans going forward

TMB

TMB adjusting loan proportions — TMB plans to change the proportion of its new lending targets by pushing loans for retail up 30% from 20% in 2012 over the next four years, while SME and corporate will account for 40% and 30%, respectively. The bank sees a strong business outlook this year with mega projects to help push the private sector loans. (Khao Hoon, 04/02/13)

 

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