BAFS 30% earnings growth expected — BAFS expects 2013-14 earnings to grow by 30%, supported by an increase in fuel usage in Don Muang and Suvanabhumbi of 5%. It plans to expand its transportation network from Bangpa-In to Lampang, for an investment cost of Bt65bn, and expects conclusion on this by the end of this year. Its Suvanabhumbi Airport oil pipeline Phase 2 project is also in progress (Tun Hoon, 19/07/13).
Comment: This company was an easy yield play back in 2013 as it grew with the Bangkok Airport and used to offer 7-8% yields, but now with a 3% yield meh…although the 30% growth is a positive
BANPU winds up share buy-back, board approves 5% cut in capital — BANPU has closed its share buy-back scheme after spending Bt3.9bn. Its board of directors promptly approved a 5% reduction in registered capital. Brokers do not see any adverse impact on BANPU’s fundamentals. (The Nation, 19/07/13)
Comment: Share buyback done so the support for the stock price, temporarily, is gone
CK/CKP CKP does well in first day of trading, now CK wants to list another subsidiary — CKP closed 23% above its IPO price at Bt16.00 yesterday. CK now wants to list one of its subsidiaries on the London Stock Exchange in 2020 and said that the delay in the Bt2trn infrastructure bill will not affect business since the company has a current backlog of Bt36bn. (Khao Hoon, 19/07/13)
Comment: CKP still rubbish. 1% yield for 2 years, no thank you. Continue reading Stocks in the news (bafs, banpu, ck, ckp, ptt, pttgc, rml, wha) 19.07.13