Stocks in the news (bts, Lpn, ptt, rml, ticon, tcap, tta) 07.03.14

BTS

BTS passes first step to become co-ticket system developer worth Bt430mn.The Office of Transportation and Traffic Policy and Planning will ask candidates to offer technical plan and pricing in late April. It is expected to announce the winner in May.(Khao Hoon, 07/03/14)

Comment: There is no reason why BTS shouldn’t win this 

LPN

LPN holding its revenue target this year at Bt15 bn and presales at Bt26bn although it has cut the number of new projects to be launched by 6-7 to 12 projects. Currently, the company has Bt21bnbacklog on hand and expects gross margin to hold at 30%.(Khao Hoon, 07/03/14)

Comment: 2014 is supposed to be a flat year for LPN, so it’s dividend yield should be at 6-7 pct for the year and next year growth resumes

PTT

PTT takes hit from subsidies-Energy giant PTT Plc has estimated that losses from its compressed natural gas (CNG) and liquefied petroleum gas (LPG) operations will total nearly Bt30bn this year because of heavy subsidies. Chief executive Pailin Chuchotthaworn said the losses would be added to accumulated losses of Bt100bn as of 2013.(Bangkok Post, 07/03/14)

Continue reading Stocks in the news (bts, Lpn, ptt, rml, ticon, tcap, tta) 07.03.14