Stocks in the news (AOT, BCP, GFPT, INTUCH, KCE, KKP, PS, RATCH) 19.02.14

AOT

AoT denies plan to buy govt bonds – AoT denied yesterday it is planning to spend its surplus liquidity on government bonds to help the administration raise funds to pay farmers under the rice-pledging scheme. (Bangkok Post, 19/02/14)

Comment: Rumours rumours all around which government agency is going to help supply funds. We highly doubt AOT is going to do anything either.

BCP

BCP reported 2013 net profit of Bt4.65bn supporting by an insurance compensation of Bt1.59bn. PTTGC reported net profit of Bt33.28bn and dividend of Bt1.78 per share. Its total dividend is Bt3.4 on 2013 operations. (Khao Hoon, 19/2/14)

Comment: Its a fairly good dividend that BCP is paying out.

GFPT

GFPT reports net profit of Bt1.5bn, up more than 549% YoY, after revenues increased supported by the higher volume for chicken exports and sales of processed food, along with FX gains. GFPT will pay a dividend of Bt0.35/share; XD on Feb 28, 2014. (Khao Hoon, 19/02/14)

Comment: It is the best chicken company in Thailand, far better than CPF in terms of governance, and they were able to survive the downturn in chicken prices very well in the past 2 years

Continue reading Stocks in the news (AOT, BCP, GFPT, INTUCH, KCE, KKP, PS, RATCH) 19.02.14