Stocks in the news (anan, becl, bts, demco, ea, thai) – 04.03.13


Strong growth in revenues and profits — ANAN announced 4Q12 net profit of Bt27mn, a 124% increase YoY, on an increase in revenue in this quarter to Bt1.343bn, up 109% YoY. (Khao Hoon, 04/03/1)

Comment: No value seen here from our viewpoints


Inflation meets the criteria for toll rate hike on Sep 1, 2013 — Based on MOC, CPI for Bangkok (2011 = 100) in Feb 13 was 104.76, above the level that gives BECL the rights to a Bt5/car toll rate hike from 1 Sep 2013 onwards. This figure will allow BECL to request EXAT to authorize a rise in toll rate. This will take until August to approve, with the tolls raised from 1 Sep 2013.

Comment: BECLs main earnings growth aren’t coming from the highways its from its holding in CK Power and TTW


BTS may invest in Mochit complex — BTS is in the process of studying investing in a large complex in Mochit area worth Bt20-30bn, as the Treasury is to auction off 63 rai of land for the development of a condominium, office, hotel and a shopping complex and make way for a public-private partnership. (Khao Hoon, 04/03/13)

Comment: Given that they will have a gazillion baht worth of funds post the IPO from its infrastructure fund, one can only hope that the firm reinvests the funds wisely.

Continue reading Stocks in the news (anan, becl, bts, demco, ea, thai) – 04.03.13