Stocks in the news (bcp, dna, genco, ocg, qh, tuf) – 01.12.13
BCP Expanding to 700 stations in three years — BCP plans to expand its petrol stations to 700 stations in three years. It will invest Bt2.5bn to open 70 Green stations, large-scale petrol stations. (Khao Hoon, 01/02/13)
Comment: The real story for BCP is its capacity addition over this 12 month period
DNA Expects 2013 revenue of over Bt1.5bn — DNA is confident that 2013 revenue will exceed Bt1.5bn, supported by the home entertainment business. The company plans to expand to online advertising business and satellite TV. (Khao Hoon, 01/02/13)
Comment: Looks cheaps on a relative basis, never really heard much about the company
GENCO Wants to buy land to develop property project — GENCO plans to acquire land worth Bt100mn to develop a property project. In 2013, the company expects to book Bt200mn revenue from the property business, a leap from last year’s Bt50mn. (Tun Hoon, 01/02/13)
Comment: WHAT THE HELL? DIWORSEFICATION YOU DONKEYS! Focus on your core business! Someone go slap management, what on earth is an industrial waste company doing venturing into property….
OCG Takeover target — Thai billionaire, Charoen Sirivadhanabhakdi plans to take over Ocean Glass PCL (OGC) to expand its glass bottle business. The company expects to receive orders from F&N after its takeover. Currently, the OGC price is 40% lower than its book value of Bt72. (Khao Hoon, 01/02/13)
Comment: Stock has promptly jumped up 20% with no shares on offer
QH Quality Houses plans 20 projects worth Bt19bn – Quality Houses has 20 residential projects worth Bt19bn lined up to achieve presales of Bt20bn this year. (The Nation, 01/02/13)
TUF No worries from baht appreciation — TUF is not concerned about the appreciation of the baht since it has already hedged against rate fluctuations. TUF aims at growth of 12–15% in dollar sales. (Tun Hoon, 01/02/13)