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.
Surge in 2012 profit — DEMCO reports an increase of over 232% in 2012 profit, with revenue jumping 80.61%. It will pay a dividend of Bt0.18/share, with XD on May 7 and payment on May 23 May. It said he has 113 projects pending worth Bt4.84bn. (Khao Hoon, 04/03/13)
Comment: Story we’ve known for a while, the stock price surge has surprised us (then again a lot has in the past 6 months!!)
Revenues from power to go over Bt100mn — EA said revenues from its 8MW power plant will exceed Bt100mn. It is in the process of developing a 90MW solar farm project that is expected to be completed by the end of the year. It will be off the cash balance list today. (Khao Hoon, 04/03/13)
Comment: My interest has piqued
New strategy helping — THAI reported net profit of Bt6.5bn in 2012 that it said is due to its new strategy to combat low cost airlines. The company is also to add 12 new planes to expand fleet capacity this year. The board also approved a dividend\ of Bt0.50/share. (Khao Hoon, 04/03/13)
Comment: Not touching this stock even with a gun to our heads