Stocks in the news (asefa, bcp, big, bwg, fsmart, lhbank, malee, pca, pttep, ptg, pylon, siam, sr, tsf) 29.01.16

ASEFA
ASEFA expects its new plant to run this February. This plant will raise its capacity by 50%. It plans to open five more after-sales service centers to handle upcoming large orders. (Thun Hoon, 29/01/16)
Comment: Well the question will turn to utilisation rates, its a new ipo, not much of a public market track record and we still have many questions about it.

BCP
BCP expects 2015 net profit to be over Bt4.1bn (500% growth) despite net loss of Bt99mn in 4Q15 from stock and impairment loss. (Khao Hoon, 29/01/16)

BIG
BIG targets 2016 revenue to grow 10% by offering photography services and solutions. It plans to provide another service, printing photos from mobile phones, targeting the youth. It plans to pay a dividend on its robust 2015 earnings. (Thun Hoon, 29/01/16)
Comment: They say that 1) Margins are stable 2) Growth comes from consumers actually wanting to use cameras and the change in consumer behaviour; I say 1) Ok 2) Don’t see it ccontinuing

BWG
BWG targets 2016 revenue growth of 10-15% backed by increasing waste income. It is working with EGAT to invest in a waste power plant. It plans to cooperate with IEAT to invest in IE for alternative energy, with a decision to be made by April. Foreign investors are interested in its shares via PP. (Khao Hoon, 29/01/16)
Comment: It would be interesting to see how this company develops….if everything they say is true then there could be a decent amount of upside available. No idea why they would need a PP give that their capital base seems solid

FSMART
FSMART targets 90,000 Boon-Term Top-Up machines by the end of this year. It expects these to contribute Bt21bn revenue in 2016. It expects to offers a new platform for its Top-Up machines to make them more user friendly. (Thun Hoon, 29/01/16)
Comment: Just amazeballs

LHBANK
LHBANK plans to focus on cooperate loans, keeping the portion at 60% of its total portfolio. It expects to benefit from public investment, especially PPP fast-tracking. (Thun Hoon, 29/01/16)
Comment: Rather interesting that LHBANK will continue to develop in this manner.

MALEE
MALEE expects growth this year aided by expansion locally and abroad. It expects 2015 revenue to achieve its target growth of 10%. (Khao Hoon, 29/01/16)
Comment: Is it a surprise that their stock price has ticked up slightly during the past few months when the rest of the market tanked?

PCA
PCA targets 2016 revenue growth of 15% backed by its new business. It is confident 2015 net profit will be higher than 2014’s even though revenue growth missed its target. It is budgeting Bt400mn to invest in broadband Internet. (Khao Hoon, 29/01/16)

PTTEP
PTTEP will pay Bt2 dividend per share, equal to 3.5% dividend yield. It reported net loss of Bt31.59bn, after booking US$1.38mn in impairment. It plans to use cost controls and hedge oil prices this year. It has US$3.2mn cash on hand. (Khao Hoon, 29/01/16)

PTG
Local institutions are interested in PTG shares because of its strong fundamentals. It expects a decision to be made soon. It targets 30% revenue growth this year, backed by a larger customer base. It targets to have 1,600 gas stations in 2016. (Thun Hoon, 29/01/16)
Comment: It’s a well known story here for PTG

PYLON
PYLON plans to take part in Bt1bn bids, raising backlog from Bt850mn. It targets 2016 revenue of Bt1.2bn thanks to government measures. It expects to get numerous orders in 2H16. (Thun Hoon, 29/01/16)

SIAM
SIAM’s board approves investing Bt1.35bn in 15.17MW Japanese solar farm. It expects this to operate by 3Q17 with IRR of 10-12%. It expects 2016 revenue to reach Bt2.6bn aided by its new product, prefabricated bathroom. (Thun Hoon, 29/01/16)
Comment: With the JPY continuing to get weaker, won’t all of this companies that have invested there suffer huge write downs?

SR
SR is talking to a prospective partner to invest in biogas and expects this to be finalized by February. It expects this to generate revenue of Bt90-100mn/year. It targets 2016 revenue of Bt1.7bn backed by an expanding market. It plans to pay a dividend on 2015 performance. (Thun Hoon, 29/01/16)

TSF
TSF plans to launch “direct-to-customer or DTC” mini-billboards at 7-Eleven stores. It plans to put these in 8,500 branches and reach its target audience. It expects 10.8mn viewers per day. It expects 2016 performance to turn around driven by high demand and reversal of reserve. (Thun Hoon, 29/01/16)

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