Stocks in the news (akr, atp30, beauty, ck, ivl, jmt, major, nch, oishi, pca, smt, tpoly, tsr, tvt) 08.01.16

AKR says foreign investors are interested becoming partners to invest in alternative energy. It expects 4Q15 earnings to mark a record high backed by numerous orders. It targets 2016 revenue to grow not less than 25% thanks to Bt6bn in bids. It expects the government to approve solar farm projects. It plans to invest in 40MW. It plans to expand to ASEAN. (Thun Hoon, 08/01/16)
Comment: Well its a natural step forward for them as they are trying to shift away from being a project based only company

ATP30 expects 2016 net margin to double from 2015’s (5% in 2015 to 10% in 2016). It expects to make a decision whether to invest in or acquire a logistics business within mid-2016. It expects to invest be not less than Bt100mn. (Khao Hoon, 08/01/16)

European investors are interested in BEAUTY shares because of its strong fundamentals and growth. It expects 2016 revenue growth of 20% aided a broader customer base at home and abroad. (Thun Hoon, 08/01/16)

CK expects to report 2015 net profit of Bt2.39bn. It plans to take part in Bt600bn public project bids. (Khao Hoon, 08/01/16)

IVL has agreed to acquire BP Chemical’s Alabama plant (720 KMT PX, 1,020 KMT PTA, and naphthalene dicarboxylate or NDC) within 1H16. (Khao Hoon, 08/01/16)
Comment: We do wonder how on earth IVL will reach it’s warrant exercise prices in the next 2 years.

JMT plans to acquire Bt20bn bad debt this year which will increase its total bad debt portfolio to Bt100bn. It expects 2016 revenue to grow 30% with 20% growth in net profit. It targets consumer loans of Bt1bn. It expects to get a license to provide loans in Myanmar by mid- 2016. (Thun Hoon, 08/01/16)
Comment: What is interesting here is how earnings are recognised, if you have a close look you’ll understand.

MAJOR expects 2016 earnings of Bt1.27mn (+22%) on the back of 80 new screens that were opened last year. It plans to add 75 screens this year. It expects to benefit from the many movies in the lineup. It plans to expand to CLMV. (Thun Hoon, 08/01/16)
Comment: They will dominate CLMV without a doubt, it will be an effective monopoly in Thailand, Cambodia, Laos, Myanmar and Vietnam if they wanted to.

NCH expects 2016 revenue of Bt2bn backed by Bt1bn presold and Bt700mn transfers. It plans to launch three low-rise projects valued at Bt3bn. It targets presales of Bt2.6bn. (Khao Hoon, 08/01/16)

OSIHI expects revenue from food business to increase by Bt1bn this year. It plans to open 30 new shops in Thailand and two in Myanmar. It is budgeting Bt600mn for 2016 investment. It expects the market for Japanese food to grow 10%. (Khao Hoon, 08/01/16)
Comment: And they are now offering people a payment plan for their meals….is the Thai consumer so in debt that they can’t afford a meal anymore and require a payment plan?

PCA expects 2016 earnings to grow 30%. It plans to set up a new office and launch Bt70mn in new projects in Myanmar. It plans to introduce new products and services on high speed Internet in 2H16. It expects 2015 net profit to mark a record high. (Thun Hoon, 08/01/16)

SMT expects net profit of Bt300-400mn this year backed by high-margin orders and an expanded customer base abroad. It plans to broaden its customer base to cover the world. (Thun Hoon, 08/01/16) SSI SSI reported 3Q15 earnings. It plans to apply for a two-year rehabilitation period. (Khao Hoon, 08/01/16)

TPOLY expects to get Bt1bn in projects that will increase its backlog from Bt4.3-4.5bn. It expects this to cover revenue through next year. It expects 2016 revenue growth of 10% after 2015 revenue achieved its target of Bt2.3bn on many orders. (Thun Hoon, 08/01/16)
Comment: Plus TPCH

TSR targets revenue of Bt5bn within five years backed by its product variety and expansion at home and abroad. It expects 2016 net profit to reach a new high as it launches new products. It plans to open new stores. It is talking to prospective partners in Laos and Vietnam. It plans to set up new plants in AEC. (Thun Hoon, 08/01/16)
Comment: I do love the business, but I do not like the odd trading patterns in the stock price.

TVT expects to complete its M&A by 1Q16, and expects this to boost growth. It targets 2016 revenue growth of 20%. It is budgeting Bt200-300mn to buy TV programs. (Thun Hoon, 08/01/16)
Comment: I’ve always wondered why this company has yet to show a proper consistent profit despite its continuous growth in revenue.

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