Stocks in the news (bland, dcc, ktb, oishi, ssi, true) 24.07.13

BLAND to set up REIT — BLAND is to book in profits from its Sri Nakarin land sale of Bt3bn in 2Q13/14 and also to establish a Real Estate Investment Trust (REIT). BLAND-W4 is to start trading tomorrow (Jul 25th) and expects BLAND price to be Bt1.80, leaving BLAND-W4 at Bt0.45. (Khao Hoon, 24/07/13)

Comment: Automatic support for the stock price

DCC 2Q13 profit at Bt333mn — DCC reported Bt333mn in net profit for 2Q13, bring 1H13 net profit to Bt744mn, supported by increases in retail prices of Bt5.00/sq.m. The board has also approved to pay out 2Q dividends of Bt0.82/share. (Khao Hoon, 24/07/13)

Comment: Profit came a bit under expectations, not sure if this is seasonal or just a slowdown in growth upcountry

KTB 2Q13 profit at Bt6.44bn — KTB reported profit of Bt6.44bn in 2Q13, down from Bt8.5bn in 1Q13 due to higher provisions of Bt2.6bn compared to the normal Bt500mn/month. It said the higher provisions were to provide a stronger base for the bank to cope with economic fluctuations. (Khao Hoon, 24/07/13)

OISHI To bump up marketing for green tea — OISHI announced that it will invest Bt300mn in marketing in the second half of the year to push sales for its green tea drinks up by 20-25% from last year’s 18%. The company also aims to be number one in terms of market share, at ~45%, this year. (Tun Hoon, 24/07/13)

SSI could regain loan status -Thailand’s largest hot-rolled coil steelmaker, Sahaviriya Steel Industries (SSI), will return to normal loan status soon now that its liquidity situation is easing and production at its British unit is improving under a debt restructuring plan, says Siam Commercial Bank (SCB). (Bangkok Post, 24/07/13)

Comment: I’ve always liked the story here but doubt the fundamentals

True shares rise on plan for infrastructure fund – The price of True Corp shares yesterday rose 6.86% to close at Bt9.35 after its announcement of an infrastructure fund to raise not less than Bt70bn to repay debt and for future business expansion. (The Nation, 24/07/13)

Comment: Still a POS!

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