Stocks in the news (ap, bjc, bmcl, cp, ps, sena, spcg, ttcl) 11.09.13

AP

2H13 to be good — AP expects second half performance to be strong and will book revenue of Bt10bn from its backlog of more than Bt30bn. It expects sales in 2H13 to reach Bt13bn. It has raised the number of project launches this year to 28, a total value of Bt32bn. (Khao Hoon, 11/09/13)

Comment: Generally don’t like property stocks, with AP its no different

BJC

15-20% sales growth this year — BJC expects sales for the year to grow by 15-20% after the planned expansion of its distribution channels and greater focus on international markets, especially for retail sales. Deals in Laos and Myanmar will be concluded in 4Q13, and in Vietnam in 2014. (Khao Hoon, 11/09/13)

Comment: Stock price is still absurdely expensive

BMCL

BMCL is looking for solutions to raise more capital — Management says BMCL is looking for ways to raise cash and has also completed its negotiation on the repayment of debt worth Bt10bn with four banks, KTB, TMB, BAY, and KBANK, and said that it will pay 4% interest, with principal repayment to start only after the Purple line is completed. (Khao Hoon, 11/09/13)

Continue reading Stocks in the news (ap, bjc, bmcl, cp, ps, sena, spcg, ttcl) 11.09.13