Stocks in the news (bcp, hmpro, pae, tmb) 16.10.13

BCP

Says 3Q13 exceeded Bt1.1bn — BCP says 3Q13 net profit will exceed Bt1.1bn, with inventory gains of over Bt900mn. The company’s year-end EBITDA target is Bt9.6bn. (Khao Hoon, 16/10/13)

HMPRO

Says sales growth to reach 15% YoY — HMPRO is confident that sales will increase by over 15% YoY, and 2H13 profits will improve as 4Q13 will boost sales. It remains confident that by the end of the year there will be 64 branches nationwide, and it will proceed with plans to expand into ASEAN next year. (Khao Hoon, 16/10/13)

PAE

PAE eyes Bt720mn from renewed Chevron deal — PAE has renewed its service contract with Chevron (Thailand) Exploration & Production Co for three years. (The Nation, 16/10/13)

TMB

3Q13 profits up 67% YoY — TMB reported 3Q13 profits exceeded Bt1.9bn, an increase of 67% YoY. An ING board representative has stepped down to make way for the proposed Mizuho move, which is at Bt3.90 a share. (Khao Hoon, 16/10/13)

Comment: The major surprise here is that their NIM’s were higher, NPL’s lower, but who looks @ the fundamentals for this year, for the past 4 years its only been trading on the news that there would be a share sale to a new foreign shareholder.

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