Stocks in the news (bay, bla, hmpro, ptt, ticon, uv) 19.12.13

BAY

Targets SME loan growth 2-3x GDP — BAY targets SME loan growth in 2014 of two-three times GDP growth, which is expected at 4%. It plans to expand its customer base to include more Japanese with a greater focus on trading business. NPLs are expected to be below 1%. Mr. Nariaki Koto has been appointed as the new CEO and BTMU says the voluntary tender offer (VTO) left it holding 72%. (Tun Hoon, 19/12/13)

Comment: BAY only has a couple percentage points of free float now, will this force the stock to be delisted from the big indices b/c of liquidity requirements?

BLA

In first ten months take in more than Bt9.3bnn in business premiums or up 30% YoY, higher than market’s expectations of 20%. It targets business premium growth next year of 10-15%. It also plans to raise investment in equities and reduce its holding in bonds. (Khao Hoon, 19/12/13)

Comment: The argument we’ve read constantly is that Thailand is still an underinsured country Continue reading Stocks in the news (bay, bla, hmpro, ptt, ticon, uv) 19.12.13

Stocks in the news (ckp, cpall, drt, hemraj, jmart, qh, spvi) 18.12.13

CKP

20% revenue growth in 2014 — CKP says revenues next year will grow by 20% supported by the full year of revenues from its BIC1 plant. It is also looking to refinance its Nam Ngum 2 plant. Net profit for next year will also grow with EBITDA margin at ~60%. (Khao Hoon, 08/12/13)

CPALL

Expects sales to exceed original target — CPALL said its stamp promotional campaign will help push sales for 4Q13 and lead full year sales above its initial target sales growth of 13-15%. The company said it will expand up to 600 branches this year to end the year with a total of 7,400 branches. (Khao Hoon, 18/12/13)

Comment: The story here will be once they have finished paying back their debt and then the EPS growth will just jump through the roof

DRT

Expects market growth of 3-5% next year — DRT projects growth in the construction materials market in 2014 of 3-5%. It also expects sales growth of 10% YoY in 2013 supported by addition of new products and sales channel expansion via large construction materials stores. (Khao Hoon, 18/12/13)

Comment: This isn’t good news at all, mainly likely because its new capacity has yet to come on board Continue reading Stocks in the news (ckp, cpall, drt, hemraj, jmart, qh, spvi) 18.12.13