Stocks in the news (banpu, bay, bts) 18.03.13

BANPU Banpu seeks power profits — BANPU plans to increase its investment in the power sector in a bid to lower risks stemming from volatile coal prices. CEO Chanin Vongkusolkit said the company expects to lift its profit from the power business to 30-40% from almost 20% lat year. (Bangkok Post, 16/03/13)

Comments: Not unless the stock drops back to low 300’s would it appear on our buy-list

BAY Malaysia investment arm bids for GE stake in BAY — Malaysia’s Khazanah Nasional Bhd, the investment holding arm of the Malaysian government, is seeking to buy GE’s US$1.8bn stake in BAY, sources familiar with the matter said, putting it against Japanese banking giant Mitsubishi UFJ Financial Group. (Bangkok Post, 17/03/13)

Comment: *Bang head against the window”, said this enough times, no malay bank will get a stake in BAY

BTS BTS gets SEC nod for fund — BTS plans to raise up to Bt62.5bn from Thailand’s first infrastructure fund in the country’s biggest-ever IPO. The BTS Rail Mass Transit Growth Infrastructure Fund, backed by revenue from the skytrain, is offering 5.79bn units with a pice range of Bt10.4-10.80 each. The Final price will be announced on April 5 and the unit trust will debut on the SET on April 19. (Bangkok Post, 16/03/13)

Comment: Stock has been on a tear, likely to continue until the IPO of the infrastructure fund ipo

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