Stocks in the news (beauty, bmcl, cnt, scc, siri, tsf) 03.09.13

BEAUTY 

Confident in target — BEAUTY is confident revenues will hit target growth of 30% and said that the economic slowdown will have no impact on its business, with sales in the second half expected to continue to grow, supported by the opening of new branches and launch of new products. The company expects to open new branches in Laos and Vietnam in 4Q13. (Khao Hoon, 03/09/13)

BMCL

Hopes for Purple line contract ok today — BMCL is ready to sign the Purple line contract, hoping for cabinet approval today after it cut its bid down to Bt82.625bn. (Khao Hoon, 03/09/13)

Comment: If you have to choose a mass transit operator then go for BTS instead of BMCL

CNT

Revenues to go over Bt9bn in 2013 —CNT expects revenues to exceed Bt9bn this year after backlog has reached Bt8.5bn. It said it expects to win new work worth more than Bt10bn by the end of the year. The capital increase via PP has not been scheduled yet due to market volatility. (Khao Hoon, 03/09/13)

Comment: Their growth in the past few years has been astounding, well done to the management team there

SCC

SCG Paper, NPI collate deal – SCG Paper has joined hands with Japanese paper manufacturer Nippon Paper Industries (NPI) to boost its competitiveness and secure a leading position in ASEAN. A memorandum of understanding was signed yesterday. Kan Trakulhoon, president and chief executive of SCG Group, said NPI will be allowed to hold a 30% stake in SCG Paper’s fibrous chain business. (Bangkok Post, 03/09/13)

SIRI

Talking with unhappy customers — SIRI has set up teams to inspect and negotiate with “The BASE” customers after complaints of water leaks through the foam wall. Contractors said that the use of foam walls are common in some structures and the customers said that it will end complaints on the company via social network. (Krungthep Turakij, 03/09/13)

TSF

Admits to being in the red this year — TSF admits that it will post a loss for the year because of the number of advertising signs that need maintenance, resulting in delays in delivery of work. However, management expects a turnaround in its businesses next year and said that it will focus more on events. It expects revenues of Bt200mn in second half after receiving work from the BAAC worth Bt48mn. (Khao Hoon, 03/09/13)

 

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