Backlog Bt28bn, revenue target Bt22bn in 2013 — AP said its backlog is Bt28.353bn and confirms its target revenue of Bt22bn this year. The company is to launch 21 new projects worth Bt23.570bn this year. In 2012, revenues were Bt17.31bn with net profit of Bt2.33bn, a 50% increase YoY. (Khao Hoon, 01/03/13)
Kasikornbank first with two presidents — Kasikornbank (KBANK) has restructured its senior management in a bid to further its aim of moving its life insurance business forward and has appointed two presidents, both of whom will report to Khun Banthoon Lamsam. (Bangkok Post, 01/0313)
MCOT earmarks Bt3 bn for new digital network – MCOT is prepared to invest Bt3bn on a new network for digital terrestrial TV after licenses are issued this year. (The Nation, 01/03/12)
Reports 45% jump in revenue in 2012 — SIRI reported impressive revenue of Bt30.09bn in 2012, a 45% increase YoY, with net profit of Bt3.02bn, a 50% increase YoY, while sales soared to Bt42.5bn, a 100% jump YoY. (Khao Hoon, 01/03/13)
Comment: Commented on SIRI several times already in the past 12 months
Profit rises 41% in 2012 — UMI reported impressive earnings for 2012 with profit of Bt170.7mn, a 41% increase YoY. The board also decided to give investors a stock dividend of 3 new shares for every 4 existing shares and also pay a cash dividend of Bt0.12/share. This year’s revenue target is Bt3bn and the tiles business is seen as bright. (Khao Hoon, 01/03/13)
Comment: Interesting story here, looks similar to DCC and DRT in that its linked to the upcountry growth story however, market cap is already at thb 18 bn, profit last year was thb 170 mn….right, nope not interested at these price levels.