Stocks in the news (BBL, BMCL, BTS, KTB, PRIN, PSL) 10.02.14


Management aims at 2014 loan growth of 5-7% after 9.2% in 2013. It expects all loans to continue to grow. It aims at SME loan growth at 6-8% to take 28% of total loans. (Khao Hoon, 10/2/14)


Targets 20% passenger growth in 2014 — The managing director of BMCL set passenger growth for the year at 20% after figures show an average 300,000 riders per day, with the highest number at 370,000. It is also ready to bid for the Blue Line extension. It is confident that it has advantages over its competitors and is in a strong financial position after its last capital increase and does not need to find a partner. (Khao Hoon, 10/02/14)

Comment: Debt levels are still high for BMCL, if you need a mass transport play then look towards BTS instead


BTS partnering with China company to bid in China — BTS is partnering with CITIC in setting up “BTS-CITIC Consortium” to bid for a concession for 16 underground train stations in Beijing for a period of 30 years. If it wins the bid, the total investment value that is required for the project is 15bn yuan. Results are to be released within three months. (Khao Hoon, 10/02/14)

Comment: They have a decent dividend pay out for the next few years, this coupled with a potential bid management in Indonesia could bode well for the company Continue reading Stocks in the news (BBL, BMCL, BTS, KTB, PRIN, PSL) 10.02.14