Stocks in the news (ck, jas, jmart, ptt, siri) 06/08/13

CK Signs on water job — CK signed a contract for new work worth Bt658mn to improve the water supply for the Lampang province. It expects 2Q13 revenues to exceed Bt8bn and signals that it is to book in extraordinary income in 3Q13 worth Bt300-400mn from its CKP holdings. (Khao Hoon, 06/08/13) 

JAS Jasmine revving up – Jasmine International Plc (JAS) reported a reviewed second quarter net profit of Bt715.44mn, up 56.32% YoY. In the second quarter, revenue rose 12% YoY to Bt2.73bn, 86% of which was from broadband services through subsidiaries Triple T Broadband Plc and Triple T Internet Co Ltd. (Bangkok Post, 06/08/13) 

JMART Profit to reach Bt1bn in 3-5 years — JMART expects to report up to Bt1bn in net profit within the next 3-5 years. It also aims to list one of its subsidiaries, “JAS Asset”, next year. The company is to invest Bt150mn to add 20 more branches in Myanmar this year. (Khao Hoon, 06/08/13)

Comment: I’ve loved this company’s business model for the longest time

PTT pledges better standards – State-owned oil and gas giant PTT Plc vowed to improve its oil transportation network and facilities following last month’s oil spill in Rayong to ensure safety and prevent other accidents. (Bangkok Post, 06/08/13)

Comment: PTT Group now has two oil spills within the past few years

SIRI Sansiri hits Bt5bn – Sansiri Plc yesterday reported July sales had exceeded Bt5bn thanks to new project launches and continuous business growth. The July sales were the second highest monthly sales performance, the company said. Accumulated sales from Jan 1 to Aug 5 this year were Bt34bn against the all-year target of Bt48bn, said president Srettha Thavisin. “One of our six key drivers is high end single-housing developments under the Narasiri brand. We plan to launch four new Narasiri projects in the high-potential locations of Bang Na, Phutthamonthon Sai 1, Rama 2 and Srinakarin Road, all valued at over Bt8bn in total,” he said. (Bangkok Post, 06/08/13)

Comment: They sure know how to sell themselves well

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