Stocks in the news (bts, ccp, cpall, gold, intuch, seafco) – 21.02.13


BTS group infrastructure fund on — BTS Group Holdings looks to have cleared the way for a brighter future, with the green light to go ahead with its infrastructure fund and a possible rise in skytrain fares. (The Nation, 21/02/13)

Comment: Looks like there’s been some sell on the news, we all know that this DSI investigation was rubbish.


CCP expects new high for earnings this year — CCP expects earnings for 2012 to be strong and better than for other years. It says 4Q12 earnings were strong, supported by price adjustments and demand increase and better cost controls. The company expects growth of 15-20% next year. Its subsidiary company, SMC, is also expected to be listed, which will push its profits up by Bt150mn. It expects 2012 profits to grow by almost 500%. (Khao Hoon, 21/02/13)


Expects 30% growth in catalog business — CPALL targets its 7-Catalog business to grow by 30% by adding new product lines and expanding its market. Moreover, the company will invest Bt120mn in two warehouses in Sriracha and upgrade its software. It also aims to increase the number of warehouses in Khon Kaen in the next 1-2 years. (Khao Hoon, 21/02/13)


To develop four new locations in BKK — GOLD plans to invest in four new locations in Bangkok worth Bt25-28bn to develop a large shopping center, condominium and a luxury hotel. (Khao Hoon, 21/02/13)

Comment: Finally utilising their land bank


6-8% revenue growth in 2013 — INTUCH targets revenue growth of 6-8% for 2013, supported by ADVANC’s plans to invest Bt70bn in expanding its 3G network. THCOM is also expected to post impressive growth with sales of IPStar channels to increase up by to 60%. CSL expects revenue growth of 4-5%, backed by the growth in ITC business and stronger LT growth of its parent company. (Tun Hoon, 21/02/13)


Backlog breaking records — SEAFCO has accumulated a record-breaking backlog of Bt1.9bn and expects to recognize more than Bt1.5 in profit this year. It is confident it will win many of the bids it is submitted. Recently, the company won projects worth Bt305.26mn. (Khao Hoon, 21/02/13)

Comment: We’ve liked this company since 2006, management knows and understands the industry well, however it isn’t a the best long-term holding as the business does swing depending upon the development cycle of private co’s and gov institutions

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