Stocks in the news (amata, ck, fer, hpt, irpc, ivl, jwd, lph, major, mint, nncl, richy, rojna, tog, trubb, upa, xo) 09.05.16

AMATA
AMATA expects to sell 1,000 rai of land this year because of high demand in 1Q16 from Chinese, Japanese, and Korean clients. It expects to sign a contract for the sale 400-500 rai soon. (Khao Hoon, 09/05/16)
CK
CK plans to take part in Bt480bn in bids and expects to get 20-25% to add to its backlog. It expects 2016 ending backlog to reach Bt200bn from Bt85bn. It signed a Bt799mn contract with Nam Ngum2 Power Company Limited. It targets 2016 revenue to reach Bt35-38bn. (Thun Hoon, 09/05/16)
Comment: Well it is fairly obvious that backlog for the big construction co’s will plentiful 
 
FER
FER plans to invest in an 8MW waste power plant and 2MW biomass power plant. It expects IRR to be not less than 15%. (Thun Hoon, 09/05/16)
Comment: Another one? Is Biomass the new solar boom? 
 
HPT
HPT expects 2016 revenue to grow 15-25% due to expansion at home and abroad. Its backlog is Bt30mn. It is budgeting Bt60mn to expand capacity, improve production and for marketing. (Khao Hoon, 09/05/16)
IRPC
IRPC reported 1Q16 net profit of Bt3.01bn, down 21%YoY due to stock loss and loss from hedging. This cut its accounting GIM to US$11. (Khao Hoon, 09/05/16)
Comment: They were the darling when oil prices decreased, and now with oil prices recovering, well it’s the exact opposite story.

Continue reading Stocks in the news (amata, ck, fer, hpt, irpc, ivl, jwd, lph, major, mint, nncl, richy, rojna, tog, trubb, upa, xo) 09.05.16