Earnings to be best in 3Q — GFPT says that 3Q13 earnings will be the year’s best, with 2H13 beating out 1H13. It expects profit to 10% YoY to Bt16Bn. (Khao Hoon, 30/09/13)
Comment: Commented here before, wonderful co, and went through the oversupply situation in the past 1.5 years without issues.
Admits to rise in NPLs, but not alarming — BBL says the economy is slowing and NPLs have been pushed up to Bt45bn from Bt41bn, not yet worrisome. BBL also said that it would not sell its NPLs. (Bangkok Post, 30/09/13)
Confident in reaching target — MCOT is confident it will reach its revenue target of Bt6.5bn even though it missed on 9M13. It is confident that higher ads will push 4Q13 earnings up. It says it is appealing the court’s ruling within 30 days (Khao Hoon, 30/09/13)
3Q13 earnings good — RS says 3Q13 earnings were good, backed by higher revenue from cable TV advertising, while other businesses continue to grow well. It expects to add one or two channels to its cable TV within next year. (Khao Hoon, 30/09/13)
Comment: We still doubt the immediate boon from the upcoming digital tv plans, buttt sometimes a story is enough just to keep a stock price high…