Stocks in the news (bland, cpf, jas, stec, top) 01.11.13

BLAND

Bangkok Land condo taps area’s growth – SET-listed Bangkok Land Plc (BLAND) is developing the second phase of its Double Lake condominium project in Muang Thong Thani to cater to higher demand in northern Bangkok. The new phase, worth ~Bt525mn, will comprise two buildings with a combined 298 units priced from Bt1.99mn. It will target buyers who work around Muang Thong Thani and Chaeng Watthana Road, managing director Peter Kanjanapas said yesterday. (Bangkok Post, 01/11/13)

Comment: Small impact on the overall numbers for the company, but they do have a massive landbank still on hand with which to work with.

CPF

Expanding outlets via wholesale — CPF is to continue expanding its medium-small size restaurants business through wholesale channel. It will introduce four new food product groups in MAKRO’s Horeca 2013 fair. (Khao Hoon, 01/11/13)

JAS

JAS could face massive debt repayment in excess of B8bn – Jasmine International Plc (JAS) may need to pay back more than Bt8bn baht plus interest after the Supreme Court overturned its business rehabilitation plan, say stock analysts. The Bankruptcy Court approved the plan 11 years ago, with 70% haircuts on JAS’s Bt11.8bn debt. (Bangkok Post, 01/11/13)

Comment: Comments on this to come later today

STEC

3Q13 to hit Bt360mn profit — STEC expects 3Q13 net profit of Bt360mn on revenue of Bt5.6bn. It has more than Bt63.1bn of backlog that will be booked as revenue over the next three years. (Khao Hoon, 01/11/13)

TOP

Profit at Bt7.61bn in 3Q13 — TOP reported 3Q13 earnings with net profit of Bt7.61bn supported by stock gains of Bt3.34bn, bringing 9M13 profit to Bt10.41bn. (Khao Hoon, 01/11/13)

 

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