DCC – 4Q12 sales growth 13% YoY — DCC said 4Q12 sales grew 13%YoY, pushing its 2012 sales to Bt7.6bn. It targets 2013 sales growth of 10% YoY backed by a 10% increase in selling price. DCC as set capex at Bt350mn for store expansion and maintenance of its factory lines. (Khao Hoon, 29/01/13)

Comment: Great business this company has, been growing at least 15-20% p.a. since we first looked at it in 2004

DEMCO – Huay Bong 2 ready to go — DEMCO said its wind turbine project, Huay Bong 2, is ready to generate and sell power to EGAT by mid February. Management is confident that it will be able to grow YoY as it won work to provide network pillars for 3G projects. It expects new orders of 1,800-2,000 tons this year to support its work in hand of more than Bt4.5bn. (Khao Hoon, 29/01/13)

Comment: We liked the story before, however have since exited it

KSL – KSL approves treasury stock — KSL has approved a share repurchase for financial management purposes (treasury stock) for a value not exceeding Bt1bn. Management said the electricity and ethanol outlook is good. (Khao Hoon, 29/01/13)

Comment: Stock buy backs are great for minority shareholders in this case

KTC – KTC stiffens card rules — Krung Thai Card Plc (KTC), the country’s largest credit card operator, has tightened its lending rules to prevent damage from non-performing loans (NPLs). Chief executive and president Rathian Srimongkol said the move was in response to the Bank of Thailand’s warning about growing household debt.(Bangkok Post, 29/01/13)

Comment: Turnaround story, still has legs to run, see the forums for more

STEC – 2012 to form new high — STEC expects a new high for its net profit of Bt1bn for 2012. The company targets revenues for 2013 of Bt21-25bn and it expects to receive new projects, worth more than Bt25bn from bids of more than Bt100bn. Most recently, the company won a project to construct CAT headquarters worth Bt2.28bn, raising its work in hand from the current Bt60bn. (Khao Hoon, 29/01/13)

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