Stocks in the news (Bay, bbl, cpnrf, prin, samart, scc, thai, wha) 27.03.14

BAY

BAY’s assets currently at Bt1tn. It expects loan growth of 9% YoY in 2014, made up of 40% big clients, 38% retail clients and 22% SME clients. (Khao Hoon, 27/03/14)

BBL

BBL expects loan growth of 5-6% YoY in 2014, if the Thai economy expands 3% YoY, assuming there is a working government. (Khao Hoon, 27/03/14)

CPNRF

CPNRF increases capital with total units offered for subscription of 576,150,000, priced at Bt14.8-15.2 per unit and subscription ratio of 0.3521 per 1 existing unit, on 1-4 April 2014. (SET, 27/03/14)

PRIN

PRIN targets revenue of Bt2.9bn in 2014, +20% YoY. It will launch six new projects worth Bt6bn with an investment outlay of Bt1bn. It is preparing to issuea Bt1.5bn corporate bond. (Khao Hoon, 27/03/14)

SAMART

SAMART offers right to book IPO of OTO before XB on 31 March 2014. It expects this year to bring an eight-year high in net profit to Bt1.7bn. It plans to issue a Bt5bn corporate bond. (Khao Hoon, 27/03/14)

Comment: One of the few bright lights in the Thai market at the moment, the only questions are whether or not the SIM sales can continue and what happens to SAMTEL’s project bids if the government still hasn’t formed yet?

SCC

SCC expects 2014 revenue of Bt478bn, +10% YoY. It is keeping its five-year investment budget at Bt250bn. It says that it might invest in a second cement factory (1.8mn tons) in Indonesia after completing the first in 2015. (ASTV Manager, 27/03/14)

THAI

THAI expects 1Q14 cabin factor fall to 70% pressured by the political situation. It expects passenger traffic to recover in April after the ending of the State of Emergency. It is confident that it will be able to report net profit in 2014. (Khao Hoon, 27/03/14)

WHA

WHA to set up REIT worth Bt4.7 in late 3Q14 or early 4Q14 with expected gain from asset sale of Bt1.2bn. It says that actual rented areas in 1Q14 exceeded target at 50,000sqm. (Khao Hoon, 27/03/14)

Comment: *shake head* *smash head against the wall* it’s a good company, but stupid valuations.

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