BTS

Surge in profit in 4Q12 — BTS posted a 4Q12 profit of Bt1.17 bn, up more than 200%YoY. The impressive earning is supported by15.7% YoY growth in ridership to 600K riders/day. Other businesses, advertising and property, also did well. (Khao Hoon, 14/02/13)

Comment: We’ve commented on BTS quite a few times already, thus the same story holds, its main driver for the past few months is the infrastructure fund

DCC

DCC looking for new high for earnings — DCC expects to post a new high for earnings at Bt430mn, increasing 12–15%YoY, after revising its sales strategy brought growth in January of 14%YoY. (Khao Hoon, 14/02/13)

Comment: Argh! We were hoping the stock prices decline wouldn’t have been noticed, as we we were looking to add this…oh well, good company, strong operations. 

PTTEP

PTTEP seeks extended pay period for $500m debt — PTT Exploration and Production Plc (PTTEP), Thailand’s sole oil and gas explorer, plans to negotiate with banks to reschedule the payment of some of its US$3.7bn in debt. (Bangkok Post, 14/02/13)

SPALI

SPALI sais 2012 presales grew more than 20% — SPALI will announce its 2012 result in late February. Presales grew more than 20%. SPALI will allocate Bt 4-5bn for land acquisition. The company has current backlog of Bt29bn. (Tun Hoon, 14/02/13)

Comment: I’ll put my hand up, way back in ’05 I never thought SPALI would be where they are today. 

SVOA

SVOA expects its 2013 to be good — The company is bidding for government projects totaling Bt3bn in 1H13. Management said 3G will push its computer sales up. (Tun Hoon, 14/02/13)

THCOM

THCOM to release earnings today — THCOM will release its 4Q12 results today. The market expects profit of Bt117mn. In 2013, earnings will jump because of the elimination of Mfone starting from 1Q13. The revenue from IPstar in China and India will increase in 2H13. The company plans to launch Thaicom 6 this year. (Tun Hoon, 14/02/13)