Stocks in the news (bbl, bcp, global, mc, n-park, siri, stec, vgi) 08.11.13

BBL

Working to increase NIM — BBL will increase its net interest margin (NIM) and remains confident that it will not affect net profit. Capital reserve for 4Q13 will be in line with expectations and corporate loans will grow 8% this year. (Khao Hoon, 08/11/13)

Comment: As much as we like to joke about them being the dinosaur in the industry, they are a stable consistent grower

BCP

Nearly Bt4mn profit in 9M13 — 9M13 profit exceeded Bt3.9bn, with EBITDA of over Bt7.5bn, 32% growth YoY. Currently its solar farm capacity is at 70MW. (Khao Hoon, 08/11/13)

GLOBAL

3Q13 growth of 23% — GLOBAL 3Q13 net profit is at Bt196mn, a +23% growth. Profit in the 9M13 reached over Bt720bn, thanks to branch expansions and increase in same-store sales. (Khao Hoon, 08/11/13)

Comment: Great numbers but everyone was disappointed, numbers were below what consensus expected, since when was a 23% growth considered poor? Easy when the stock is trading @ 30x PE

MC

Aiming high — MC targets 20% annual profit growth and 15% annual sales growth for the next five years. It remains confident that 4Q13 will bring a domestic consumption turnaround. It says its 51% acquisition of ‘Time Deco’ will generate over 25% IRR. (Khao Hoon, 08/11/13)

Comment: We like the Time Deco acquisition, great list of brands

N-PARK

Breakthrough for new resort — N-Park reached a breakthrough in its negotiations with the government over its new resort, a Bt1.2bn project. Management said the project will receive full support from the major shareholder, and expects earnings to turn around. (Khao Hoon, 08/11/13)

SIRI

Presales Bt3bn in Oct — SIRI says October presales were over Bt3bn, taking presales for this year to over Bt40bn. It has a new project in Chiang Mai, Settasiri San Sai, valued at over Bt1.4bn. (Khao Hoon, 08/11/13)

Comment: Everything looks to be postponed here, cheeky company, wouldn’t be surprised to see them postpone recognition of sales until 2015

STEC

26% profit growth — STEC 3Q13 profit grew by 29% to Bt386mn, pushing 9-month profit to Bt1.1bn, growth of 22% YoY. This came from higher gross profit. (Khao Hoon, 08/11/13)

VGI

Special dividend — VGI announced a special stock dividend of 1 share for 25 shares held. It will also pay DPS of Bt0.18, over Bt607mn. XD on 15 Dec. this year. (Khao Hoon, 08/11/13)

Comment: Punters rejoice!

If you enjoyed this post, please consider leaving a comment or subscribing to the RSS feed to have future articles delivered to your feed reader.

Leave a Reply

Your email address will not be published. Required fields are marked *