Stocks in the news (dcc, dna, grammy, ptg, sithai, tmb) 24.10.13

DCC

Releases 3Q13 and announces dividend — DCC 3Q13 net profit was reported at Bt295mn on revenue of Bt1.7bn. In the 9M13, net profit came to Bt1.1bn. It has announced a dividend of Bt0.72 per share. (Khao Hoon, 24/10/13)

Comment: It was and continues to be one of the easiest plays for upcountry growth in Thailand

DNA

All businesses growing — DNA expects this year’s revenue to be Bt2bn, supported by growth in all of its businesses. It is preparing to invest Bt50mn to set up one more cable TV channel. It will also buy a mobile app business worth not more than Bt30mn; it xpect the deal to be announced before year end. (Khao Hoon, 24/10/13)

GRAMMY

Undertaking roadshows — GRAMMY is preparing to hold roadshows in Singapore and Hong Kong. It is ready to bid for digital TV and is not concerned about network service cost. It has prepared Bt4bn for investment. (Khao Hoon, 24/10/13)

PTG

PTG stations to cover the nation by 2017 — Mr. Pitak Ratchakitprasarn, president and CEO of PTG Energy plc, says it will have 1,200 petrol stations by 2017, giving it nationwide coverage. It has built a petrol storage and distribution center at Phitsanulok with capacity of 7mn liters. The plant will support over 50mn liters monthly turnover. (Khao Hoon, 24/10/13)

Comment: Never thought much of the distribution side of this industry. Still don’t see why the company is trading at such high levels.

SITHAI

Closes factory in China — SITHAI has announced that it has closed its melamine factory in China after facing severe cost pressure and imitations. It says this will not revenue and expects revenue this year at no less than Bt10bn. (Khao Hoon, 24/10/13)

TMB

ING hopes to wind sale up soon — ING hopes to conclude the sale of its stake in TMB deal soon. If Mizuho is not participating, TMB remains confident that other international banks will be interested. (Kao Hoon, 24/10/13)

Comment: Not sure if we should believe this rumour, its been going around for as long as I can remember

 

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