Stocks in the news (advanc, aira, ajd, anan, bjchi, dcc, epg, gunkul, kbank, kkc, mono, perm, qh, ptt, rs, ticon, tndt, true, uniq, uwc, work) 03.08.15

ADVANC
ADVANC expects to report 2Q15 net profit of Bt9.1bn which will raise 1H15 earnings to Bt19bn. It expects to pay an interim dividend of Bt6.57/share (2.8% yield). It expects to gain benefit from the 4G auction that will be held before the end of this year. (Khao Hoon, 03/08/15)
Comment: Perhaps still the only decent telecom player in Thailand given how DTAC has fallen by the wayside

AIRA
AIRA is talking to prospective partner and targets to have 12 subsidiaries in 2020 from six now to increase its profit growth. It expects to diversify to property business for regular income. It plans to list subsidiary AIRA Propery” next year. It is confident 2017 revenue will grow significantly aided by higher revenue from its subsidiaries. (BangkokBiznews, 03/08/15)
Comment: AIRA is trying its damnest to be a mini financial conglomerate with the securities, lending, leasing, property businesses

AJD
AJD expects to report to the SET today of the signing of an MoU with YTO Express to set up a new company to undertake the logistic business. (Khao Hoon, 03/08/15)

ANAN
Japanese investors are interested in becoming business partners to ANAN in view of its strong fundamentals. It expects 2015 revenue will achieve target of Bt11bn aided by transfers. It plans to invest Bt17.8bn in new projects which is expected to lift its backlog to Bt34bn. (Thun Hoon, 03/08/15)
Comment: I’ve heard about this since last year, naturally the first name should be its existing JV partner

BJCHI
BJCHI is ready to bid for Bt6bn in international jobs; it expects these to be finalized in 3Q15 It expects to get Bt30-40bn jobs in 2H15. It targets 2015 revenue growth of 15% backed by Thai baht depreciation and lower oil price. (Thun Hoon, 03/08/15)
Comment: Despite everything going on with commodity prices, BJCHI continues to perform ok.

DCC
DCC targets 2015 gross margin of 45% backed by lower gas price. It expects 2015 revenue to be higher than 2014’s. (BangkokBiznews, 03/08/15)
Comment: One of the main beneficiaries from a decline in oil prices

EPG
EPG expects 2Q15 earnings to rise backed by large orders and lower oil price. It is confident 2015 revenue will grow 25%. It is budgeting Bt500mn for investment. (Khao Hoon, 03/08/15)

GUNKUL
GUNKUL expects 2Q15 sales growth of 30%. It targets to achieve 500MW in power production within 2017. It will hold general meeting of shareholders on Aug 19. (Khao Hoon, 03/08/15)

KBANK
KBANK expects small and medium-sized enterprise loans to slow down (it targeted growth of 6% in SME loans this year) because of the struggling economy. Overall 1H15 loan growth was 4% but it is confident loan growth will achieve its 2015 target of 9-10%. It estimates NPLs will go over 3% by the end of this year. (Thun Hoon, 03/08/15)

KKC
KKC expects 2015 net profit to rise 300% to a record high. 2Q15 net profit is expected to be good aided by the baht depreciation, lower steel price and increasing high margin products which lifted net margin from 3.4% to 6.8%. It is budgeting Bt300mn to increase capacity. It is looking from opportunities to invest in alternative energy. (Thun Hoon, 03/08/15)

MONO
MONO has been awarded the broadcasting rights to international films distributed by Sahamongkol Film International. (Khao Hoon, 03/08/15)
Comment: I wonder how much they paid for this

PERM
PERM has budgeted Bt300mn to invest in new plant and equipment to handle the many orders. Management is confident 2Q15 net profit will turn to positive aided by a Bt105mn extra gain. It targets at least 10% revenue growth in 2015. (Thun Hoon, 03/08/15)

QH
QH expects to report 2Q15 net profit of Bt651mn (+16.3%) with Bt4.15bn revenue (+5.6%). It expects 3Q15 earnings to grow. (Khao Hoon, 03/08/15)

PTT
PTT expects 2Q15 earnings of Bt25bn backed by business recovery and subsidiaries. (Khao Hoon, 03/08/15)

RS
Duty-Free operator King Power spent Bt1bn to acquire a 9% stake (94mn shares) in RS shares for future diversification into the media business. (Khao Hoon, 03/08/15)
Comment: A very interesting development, a new shareholder, at what I consider to be a decent price level.

TICON
TRIS Rating assigned “A/Negative” rating to its senior unsecured debenture valued at up to Bt2bn. The ratings reflect TICON’s proven record of developing factory and warehouse for rent and its recurring cash flow. (Khao Hoon, 03/08/15)
Comment: Despite the decline in share price, TICON is still a solid player in its field, their only issue is funding, they have to keep raising capital just to maintain their existing businesses

TNDT
TNDT plans to acquire more 2-3 power plants. It targets revenue from the power business of Bt1bn and Bt500mn from existing business. It expects to get a 20MW PPA valued at over Bt2bn in Myanmar. 2Q15 earnings are expected to be good and 2015 revenue is expected to hit its 15% target growth. (Thun Hoon, 03/08/15)

TRUBB
TRUBB expects to gain from government measures that will help raise rubber prices. (Thun Hoon, 03/08/15)

TRUE
TRUE expects a turnaround with 2Q15 net profit of Bt1.7bn. (Khao Hoon, 03/08/15)

UNIQ
UNIQ says its backlog is Bt30bn which is expected to contribute revenue for the next three years. It is confident 2015 revenue will achieve its target of Bt10bn. It is interested in all government projects and plans to bid. (Thun Hoon, 03/08/15)

UWC
UWC targets 50-60% revenue growth next year aided by power business. It is budgeting Bt1bn to acquire 4-5 power plants this year. (Khao Hoon, 03/08/15)

WORK
WORK expects 2Q15 earnings of Bt72mn (471% growth) backed by increasing revenue and in ad rates to Bt35,000 per minute in 2H15. (Thun Hoon, 03/08/15)

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