Stocks in the news (aot, bland, bigc, bmcl, ivl, jas, ptt) 17.10.13

AOT
September passenger growth strong — AOT reported strong passenger growth at 21% YoY in Sep 2013, the 12th month in a row for double-digit growth. International passengers grew 19% YoY and domestic passengers picked up 25% YoY. (Company, 16/10/13)
Comment : The other thing here to notice is the growth of domestic passengers, this is also in line with the growth of low cost carriers

BLAND
Sells plot of land — BLAND sold a plant of land over 300 rai to SIRI near Sri Nakarin for Bt9bn. This lifted BV per share to Bt3.45. (Khao Hoon, 17/10/13)
Comment :  This is of course positive news for bland, but the rumour has been floating around the market for a few weeks now

BIGC
Expects 9% growth this year — BIGC is confident that earnings growth will be 9% YoY in 2013. It also plans to venture into the life insurance business, with 50 of its branches offering this service by the end of the year. It targets revenue of Bt1.2bn from insurance within three years. (Khao Hoon, 17/10/13)
Comment: with Tesco showing negative growth and bigc with slowing growth when will these consumer names finally drop from their lofty valuations?
Continue reading Stocks in the news (aot, bland, bigc, bmcl, ivl, jas, ptt) 17.10.13