Stocks in the news (ck, ea, earth, ratch, rs, siri, thai) 15.11.13


BMCL in the black in two years — CK guarantees that BMCL will be profitable in two years. It also announced that it will buy any shares remaining from BMCL’s capital increase after rights offering. 3Q13 profit was Bt937mn, a 945% increase YoY, while 9M13 grew strongly from a loss thanks to share of profit from subsidiaries and higher revenues. CK has raised its revenue target to Bt40bn this year. (Khao Hoon, 15/11/13)

Comment: Well post-recap with the debt wiped out, sure its entirely possibly for BMCL to finally be profitable


Bt171mn profit in 9M13 — EA reported 9M13 profit of Bt171mn, with 4Q13 to continue strong, on revenue from the 90MW solar plant expected be completed in December. (Khao Hoon, 15/11/13)


Revenue at Bt14mn this year — EARTH says coal sales volume this year will be over 8mn tons, support revenue of Bt14mn. Its said 9M13 orders were 6.5mn tons, pushing net profit up to Bt939mn. (Khao Hoon, 15/11/13)

Comment: Think the news has the revenue wrong on this one, but still an interesting company worth a look.


RATCH reports 9-month net profit of Bt5.83 bn – RATCH continues to grow income by acquiring operating assets to supplement revenue while developing greenfield projects. It recorded net profit of Bt5.83bn in the first nine months of this year. (The Nation, 15/11/13)


Bumping up ads to bring in more revenue — RS is preparing to increase its advertising expense 30% YoY next year to help bring in revenue of Bt3.6bn and grow net profit. It has set its investment budget at Bt200mn. (Khao Hoon, 15/11/13)


3Q13 profit up 13% YoY — SIRI reported 3Q13 net profit of Bt438mn, up 13% YoY, with revenue of Bt7.1bn. Its 9M13 net profit was Bt873mn off revenue of Bt20bn. Presales were at Bt41bn, lifting backlog to Bt61mn. It will book revenue from six projects in 4Q13. (Khao Hoon, 15/11/13)

Comment: The issue remains SIRI pushing its backlog further and further into the future.


THAI deep in red – Thai Airways International Plc (THAI) reported a reviewed third quarter net loss of Bt6.19bn compared to a net profit of Bt1.74bn the same period last year. From January to September this year, the reviewed net profit totaled Bt6.35bn, up from a net profit of Bt5.44bn last year, the company said in a statement to the Stock Exchange of Thailand (SET) yesterday. (Bangkok Post, 15/11/13)

Comment: Seriously lets privatise this company, take it out of the government hands, leave them a minority stake (if we must) and let proper professionals run it.


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