Stocks in the news (bjchi, gunkul, ivl, sat, thai, tta, ttw, tuf, uac) 25.02.14


Roadshow end-Feb — BJCHI is preparing for a roadshow for big local institutional investors on 27-28 February 2014, after they expressed interest in its overseas business. It expects to get a project of Bt2bn in Australia. Its current backlog is Bt5bn with gross margin of 40%. It will pay a DPS of Bt2.2. (Khao Hoon, 25/2/14)

Comment: We think the easy trade in BJCHI is over, some analysts are still pitching it as a potential re-rating to be inline with STPI


GUNKUL reported 2013 net profit of Bt883mn. It will pay stock dividend at a ratio of 3 existing shares to 1 new share and cash dividend of Bt0.038 per share, XD on 18 April 2014. It expects 2014 revenue growth of 50% YoY. (Khao Hoon, 25/2/14)

Comment: Stock dividends…mmmmm….never liked them, yes it improves liquidity, with stocks with such a high PE and such uncertainty in quarterly numbers it can only add to selling pressure


IVL expects 2014 revenue of US$8.7bn or +17% YoY. It is confident that net profit in 2014 will be greater than 2013. It is preparing to book revenue from new business and will invest US$300-400mn in 2014. (Khao Hoon, 25/2/14)

Comment: IVL is continuously expanding in new businesses and if you look closely the majority of their acquisitions are paying off, one of the few bright spots in the energy/petrochem sector Continue reading Stocks in the news (bjchi, gunkul, ivl, sat, thai, tta, ttw, tuf, uac) 25.02.14