Stocks in the news (CPF, HMPRO) 07.05.13

CPF

CPF puts foreign projects on fast track to tap strong baht β€” CPF has accelerated its investment overseas with a series of new food projects to take advantage of cheap financing costs. Some projects to materialize this year include a chicken burger production unit in the UK and the launch of ready-to-eat meals production in Australia and the US. (Bangkok Post, 03/05/13)

Comment: Fairly interesting developments with the Australia and US production openings. Still this has been one frustrating stock over the past 12 months

HMPRO

Home Pro busy β€” HMPRO reported a first quarter net profit of Bt691.49mn, up 12.87% YoY. Net sales grew 11.69% to Bt9.40bn YoY, driven by new stores. Gross profit jumped 78.98% to Bt2.44bn while rental and service income climbed 9.73% to Bt267.20mn as a result of increase in space rental income of retail space at HomePro and Market Village. (Bangkok Post, 73/05/13)

Comment: This company just continues to impress

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