Management Trades 04.03.13 to 08.03.13

Notable Transactions

Buy(s)

  • BGH – No surprise here, I’d still expect to see continuous buying by management/directors

Sell(s)

  • KK –  CEO sells off a huge stake @ THB 55 mn, relative to the other fin co’s KK is trading “cheaply” 
  • NWR – Used to have this stock, but since exited, all these construction companies have run up too far, hardly any of the government’s infrastructure budget will come in within the next 2 years, the majority is in 2017 but investors are pricing it all in far too early
  • VIBHA – A director sells of THB 16 mn

130317 mgmt_trades

Stocks in the news (arrow, demco, itd, pttep, spali) 12.03.13

ARROW Revenues to grow 30% this year — ARROW targets revenue growth of 30%, touching Bt1bn, this year and will maintain its net profit margin at 10-12%. The company will focus on cost reductions, increase its exports by 15-20% and also increase its capacity to support the upcoming AEC. This quarter, it also expects to win a new project worth Bt100mn. (Khao Hoon, 12/03/13)

DEMCO Gets skytrain station project — DEMCO won a new project for the construction of a skytrain station for the PEA worth Bt583.5mn. The company has Bt4.84bn worth of work in hand and is confident that revenues this year will grow by 5-10%. (Khao Hoon, 12/03/13)

Comment: Wow, demco has gone from thb 3 to 16…26x PE, well i can understand that there is earnings coming through this year hence why we used to hold it but at this valuation, nope…. Continue reading Stocks in the news (arrow, demco, itd, pttep, spali) 12.03.13