Gets two projects in Myanmar — HYDRO signed for two water treatment projects in Myanmar this year, worth a total of more than Bt1bn. The management is confident that revenues this year will reach Bt1.1bn, up 25% YoY, supported by its current backlog of Bt11bn. The company is also looking to win more projects worth Bt1.5bn. (Khao Hoon, 28/02/13)
Comment: Great business model, but stupidly overpriced
Seven new projects to bring sales to Bt3.3bn — PRIN targets sales of Bt3.3bn this year from the opening of seven new projects worth Bt6bn. Its current backlog stands at Bt1.8bn. The company reports net profits of Bt354.24mn in 2012, an increase of 74% YoY from Bt203mn. It will also be paying dividends of Bt0.80 per share. (Tun Hoon, 28/02/13)
Comment: A decently priced property stock @ 7.7x trailing PE O__o, a rarity these days.
Net profit jumps 28% YoY — SAMART achieved impressive earnings in 2012 with net profit of Bt1.071bn, a 28% increase YoY. The company targets revenues this year to jump to Bt30bn with a rise in profit of 50% supported by strong growth in the telecommunications business. (Khao Hoon, 28/02/13)
Comment: Yes we know this company is political, yes we know that the its an iffy investment at times, but 12 months ago we loved it for the upside, still has some way to go we think
Looks for 20% revenue growth this year — SRICHA reported 2012 earnings with revenues of Bt2.147bn and net profit of more than Bt1bn. It expects revenues and profits to grow by 20% and 25%, respectively in 2013, driven by seven new projects in-country and abroad worth Bt17bn. The company is also to go on a road show in Singapore in March. (Tun Hoon, 28/02/13)
Comment: Never looked @ Sricha before, I could never quite understand how it controls its raw material prices
WHA plans custom factories, warehouses in ASEAN countries – WHA Corporation plans to foray into the built-to-suit factory and warehouse markets in ASEAN, starting with Myanmar, the Philippines or Vietnam. (The Nation, 28/02/13)
Comment: WHA is essentially the flexible/customisable version of TICON, but it is stupidly overpriced.