AOT – Expects 83mn people to pass through airports this year — AOT expects the number of airport passengers for the six airports under its management to reach 83mn in 2013. This is a 9.2% growth from last year’s 76mn and higher than the 78mn previously estimated. (Khao Hoon, 23/01/13)

Comment: Tourism is one massive key driver for Thailand, and AOT should be trading higher than what it currently is, but the stock will continue to be held back because of the poor management…

BSM – 2013 revenue target growth 30% — BSM targets revenue growth of 30% this year from Bt420mn from last year, as it sees higher demand for gypsum products, partition/wall systems, and window/door systems due to the growth in the real estate market. (Khao Hoon, 23/01/13)

Comment: The company is highly linked to the mid-high end segment of the real estate/office market, I’m very curious to see how this turns out.

Lalin –  to spend Bt1 bn on land for 10 projects — Lalin Property has set aside Bt1bn to buy land for the development of ten residential projects worth a total of Bt4bn this year. (The Nation, 23/01/13)

SPALI – Will miss 2012 revenue target — SPALI has revealed that it will miss its 2012 revenue target of Bt13.5bn. However, sales were higher than its target of 10%, reaching Bt21.3bn. In 2013, the company expects to launch 22 new projects worth Bt25bn, which will help push its sales to Bt22bn. The company has set a new revenue target of Bt13.5bn for 2013 and has a backlog of Bt22bn. (Khao Hoon, 23/01/13)

Comment: A property company missing its target? Foreboding sign of things to come?