Stocks in the news (bbl, ofm, tmb) 14.06.13

BBL: Maintains loan growth at 6% yoy in 2013. BBL expects GDP to grow 4% this year, lower than the earlier forecast of 5%. However, the bank still maintains its loan growth target at 6%, supported by resilient domestic demand, especially investment demand. According to the bank, it will be one of the major lenders to IDT which is expected to get the largest pie in the government’s water management project. (Source: The Nation)

Comment: I do like the conservative nature of BBL

OFM: Expects revenue to grow 20% yoy in 2013. OFM expects revenue to grow 20% yoy this year (2012: Bt8.2b) after the consolidation of Office Depot and B2S, two business units from Central Group. (Source: KrunTep Thurakit)

Comment: Fantastic business that OFM has, I love online retailing but it is a damn competitive industry, however given Thailand’s continued penetration with smartphones and internet this coommpany can only benefit.

TMB maintains its growth target : TMB Bank is maintaining its 10-to-15-per cent target for profit, deposit and loan growth, chief executive officer Boontak Wangcharoen said. (Source: The Nation)

Comment: A rumour driven stock, no thank you

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