BLAND

Back in the black — BLAND reported a net profit of Bt122mn for the quarter ended 31 December 2012 compared to a loss of Bt268mn for the same period last year. Its revenue increased to Bt969mn (2011 – Bt605mn) and gross profit increased 158% to Bt523mn (2011 – Bt204mn). (Khao Hoon, 12/2/13)

Comment: Wooo! Now we are just waiting and seeing if there will be a strong sell on fact

CCP

Expects to be in the black in 1H13 — CCP is confident it will eliminate its losses, currently standing at Bt166.83mn, in 1H13. The company plans to distribute 40% of profit as a dividend. CCP targets revenue growth of 15%YoY in 2013. (Tun Hoon, 13/2/13)

CPALL

Looking for a good 1Q13 — CPALL says that 1Q13 performance will be good. It is confident that 2013 sales will grow 13–15%YoY. In 2012, sales grew more than 15%YoY. (Khao Hoon, 12/2/13)

Comment:  Slowing sales…can’t be good for a stock with such a high PE

MK

MK into condos — Two of MK’s four new projects this year will be condos. MK Real Estate targets revenue of Bt3bn, up 60% from last year, by launching four new residential projects. (The Nation, 13/2/13)

Comment: MK is has a fairly large landbank for a property company of its size,

STEC

Grows 29% from 2011 — STEC posted 2012 earnings of Bt1.16bn, growing 28.98% from last year. Gross profit improved to Bt442.02mn, with a gross margin of 35.88%. Recently, the company received new four projects worth Bt34.5bn. (Khao Hoon, 13/02/13)

Comment: Traditionally we hate construction companies given the amount of corruption required for them to win projects and unless one is in the loop, which is illegal, then you’d always be at a disadvantage, however with the trend of the floods reconstruction and the infrastructure projects coming next year, STEC, ITD and CK have performed very very very well over the psat 18 months