Stocks in the news (cpall, dtac, nok, pttep, siri, wha) 03/10/13


Expects 13-15% sales growth — CPALL is confident that sales will grow by 13-15%, and insists that it will continue to expand despite the domestic consumption slowdown. (Khao Hoon, 03/10/13)

Comment: The key story here is on how they are re financing their debts from the MAKRO takeover


3mn 3G customers — DTAC says it has 3mn 3G customers, and by the end of October the number will increase to 3.5mn. Its goal is 10mn by end-2013. (Khao Hoon, 03/10/13)


3Q13 earnings good — NOK says 3Q13 earnings were good, with an average cabin factor of 83%. Its CFO stated that this year’s earning will grow 40% YoY, and is confident in NOK’s expansion abroad. (Khao Hoon, 03/10/13)

Comment: Flew them for the first time a few months back, service is fine, no reason they can’t compete against the other carriers, especially on the domestic front.


More oil in Vietnam site — PTTEP has hit oil at its 16-1 site in Vietnam. PTT says it will not delay its polylactic Acid factory. (Khao Hoon, 03/10/13)


Presales Bt40bn in 9M13 — SIRI says that in the first nine months of 2013 it had presales of Bt40bn, and remains on target for sales of Bt48bn this year, with earnings of Bt34bn. (Khao Hoon, 03/10/13)


Expects 2013 revenue over Bt7.3bn — WHA said its revenue will exceed Bt7.3bn this year. In 4Q13 it will sell some assets into WHAPF, raising more than Bt4.7bn. Its newest project, a joint venture with KPN, is a storage and distribution center spanning 176 rai. (Khao Hoon, 03/10/13)

Comment: Same comment as yesterday, just don’t know how its trading at such a valuation


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