Stocks in the news (bwg, demco, eat, gpsc, jas, kbs, ktb, mega, planb, scn, sport, tgci, thai, wice) 22.03.16

BWG
Board approved a dividend Bt0.04/share. It will issue BWG-W4 at a ratio of 6 old shares to 1 new share to shareholders and those who exercise BWG-W3. It will increase capital. (Thun Hoon, 22/03/16)
Comment: Well they seem rather adamant on expanding in the waste to energy segment

DEMCO
DEMCO bidding for EGAT and PEA jobs worth no less than Bt10bn. It targets revenue growth of 10-15% supported by 4G telecommunication towers and expansion of water and underground electrical systems in Laos. (Thun Hoon, 22/03/16)
Comment: Now the question left for demco is how much will the cost of business loss will cost the company over the next 6 months

EA
EA expects good earnings in 1H16 supported by a 90MW solar farm in Phitsanulok and biodiesel. It says 2016 revenue will grow 30% from last year supported by booking revenue from the sale of 404MW. (Thun Hoon, 22/03/16)

GPSC
GPSC continue to get dividend from RPCL. It is confident that net profit in 2016 will grow. It is preparing to hold a roadshow both in and outside Thailand to increase investor confidence. (Kao Hoon, 22/03/16)

JAS
NBTC to talk with JAS about what to do next. The National Broadcasting and Telecommunications Commission (NBTC) will meet tomorrow to respond to Jas Mobile Broadband’s failure to pay the first instalment for the 900-megahertz licence it won at auction in December. (The Nation, 22/03/16)
Comment: No rabbit pulled out of his ar$e. Oops, just some 600 mn baht lost and now the stock price shall recover?

KBS
KBS sets 2016 revenue target growth at 7-8%. It expects a turnaround to be brought by the recovery of global sugar prices. Recently, it sold 2.6mn tons of cane and is starting Sugar Energy Complex project total worth Bt10bn. (Kao Hoon, 22/03/16)

KTB
KTB is confident that SME loan growth will hit target at 8-9% even if the trend in 1Q16 seems less than optimal. It plans to change its strategy in 2Q16. It expects NPLs to not go over 2% in 2016. Recently, it signed an MOU with DITP and DIP to push SMEs to expand abroad. (Thun Hoon, 22/03/16)

MEGA
MEGA is confident that 2016 revenue will grow 5-10% supported by new products and higher revenue from exports. It has budgeted Bt70mn to build a healthcare center and expects good response. It plans to build a warehouse in Myanmar with a conclusion by the end of 2016. (Kao Hoon, 22/03/16)
Comment: Well, if the business is going to be wonderful why would management have sold so many shares since its IPO?

PLANB
PLANB expects good earnings in 1Q16 supported by more revenue from advertising. It expects 2016 earnings to continue to grow to new highs, supported by more customers. It plans to acquire media in airports, with a conclusion in 1H16. (Thun Hoon, 22/03/16)

PYLON
PYLON expects good earnings in 1Q16 supported by revenue of more than Bt100mn. It has backlog of Bt600mn and will book all of this as revenue in this year. It is bidding for new jobs worth Bt1bn. (Thun Hoon, 22/03/16)

SCN
SCN sets 2016 revenue growth target at 40% supported by its backlog of Bt500mn. It is bidding for a new job worth Bt200mn. It plans to list subsidiary Siam Vacso on mai in 2H17. (Kao Hoon, 22/03/16)

SPORT
SPORT expects this year will be good supported by print and online advertising. It has organized a “Euro-Olympic football” activity which will bring in revenue of Bt170mn. (Kao Hoon, 22/03/16)

TGCI
TGCI expects sustainable profit in manufacture of ceramic tiles. It expects good earnings in 2H16 supported by big government projects. It plans to set up 1,700 distributors as it expands into ASEAN. It plans to diversify to new business such as energy or production and distribution of beverages. (Thun Hoon, 22/03/16)

THAI
THAI has budgeted Bt2.2bn to improve its personnel structure. It will get two Airbus 350s in mid-2016 to fly routes within ASEAN. (Thun Hoon, 22/03/16)
Comment: THAI’s stock price has rebounded by some 70% from its lows when Somkid et al came out saying that the airline is turning around and may potentially buy a stake in airasia, we’ll see in 2 months how their 1q performance is. If it is still a -ve then don’t be surprised to see the stock return back to single digits, this company still has an incredible long way to go…

WICE
WICE expects total revenue of Bt900mn, growth of 30% in 2016. It targets growth to average 20% in each of the next three years, supported by old business and expansion into new business. It is negotiating with two foreign partners to expand its logistics business. (Kao Hoon, 22/03/16)

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2 thoughts on “Stocks in the news (bwg, demco, eat, gpsc, jas, kbs, ktb, mega, planb, scn, sport, tgci, thai, wice) 22.03.16”

  1. Regarding JAS, isn’t it a 645MB security deposit forfeited + undetermined damages payable to the NBTC from the pending lawsuit? Pete is in deep shit either way, it is looking increasingly likely he plans to dump his shares and start over in some other business.

    I think THAI still hasn’t found its bottom before the turnaround magic starts the happen. Totally agree this one will take several years just to get started.

    1. I’ve read the terms and conditions of the auction just out of interest as I don’t own JAS but I think their liability is limited to the auction costs and guarantee forfeiture. Also they would have entered into the contract with the JASMBB entity so the liability would be limited to the susidiary.

      I highly doubt the NBTC can reach to JAS or even Mono as punishment. Perhaps a civil suit against the directors (Pete and Co) for negligence?

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