Stocks in the news (advanc, bjchi, bkd, bm, cho, eason, epg, fsmart, gfpt, ihl, jsp, mtls, nwr, pace, ptg, pttgc, richy, samco, solar, tk, trt, tsth) 23.05.16

ADVANC
ADVANC and TOT set to launch service under a joint trial – ADVANCED Info Service and TOT are expected to sign a contact signalling the launch of a joint-trial commercial service on the state agency’s 2.1 gigahertz spectrum shortly after the reauction of a 900 megahertz licence on Friday, Information and Communications Technology Minister Uttama Savanayana has said. (The Nation, 23/5/ 16)
Comment: There’s still another 4 more days to go before the auction, I do wonder what else could happen?
 
BJCHI
BJCHI expects 2Q16 earnings to be good aided by mega projects. It expects 2016 revenue to grow 15% thanks to numerous orders and bidding for new projects. It expects to get new projects that will increase its backlog from Bt1.7bn. (Thun Hoon, 23 /05/16)
Comment: Thus even with the volatile movements in oil prices BJCHI is still able to maintain their backlog. How?
 
BKD
BKD plans to ask board approval to invest in a new business on May 24. It expects 3Q16 earnings to mark a record high aided by government projects. Its backlog is Bt1.5bn, of which 70% is expected to be booked this year. It expects 2016 revenue to increase not less than 20%. (Thun Hoon, 23/05/16)
BM
BM reported substantial 1Q16 earnings growth aided by higher revenue from sales and lower cost with net margin of 7.05%. Core revenue came from metal trunking and electrical conduits. (Thun Hoon, 23/05/16)

CHO
CHO expects net profit to back to black in 2Q16 with Bt625mn in backlog, of which 70% is expected to be booked this year. It plans to take part in upcoming bids. Khao Hoon, 23/05/16)
EASON
EASON expects 2Q16 earnings to be good driven by numerous orders and a new plant in Vietnam. It expects 2Q16 revenue to grow 10%. It is looking for a partner to invest in the water business. (Thun Hoon, 23/05/16)
EPG
EPG plans to report FY2016 earnings this week, with estimated net profit of Bt1.52bn, up 140% on the back of numerous orders. (Khao Hoon, 23/05/16)
Comment: A darling when oil prices were on the way down, not so much when its reversed. Still amazing earnings nonetheless
 
FSMART
FSMART will provide money transfer service. It expects 2Q16 earnings to be better than expected thanks to the expansion of top-up machines. (Thansettakij, 23/05/16)
Comment: Quite a clever move given that they already have the PoS in place 
 
GFPT
GFPT expects 2Q16 sales to be good from good exports and higher broiler price. It expects 2016 sales to grow 5-10% as targeted. (Thun Hoon, 23/05/16)
Comment: Still a rather steady growing chicken co (said it many a time, still think they are the best operator in town) 
 
IHL
IHL expects 2Q16 earnings to be good on the back of large orders despite being low season. It expects a new product to contribute revenue and net profit in 2H16. It expects 2016 revenue to grow at least 10% to Bt2.5bn. (Thun Hoon, 23/05/16)
JSP
JSP expects 2016 performance to mark a record high. It expects 2H16 performance to be good backed by transfers in Sampeng 2 and Miami Bangpoo Condo. It has set aside Bt5bn to launch two new projects. (Thun Hoon, 23/05/16)
MTLS
MTLS will hold a roadshow on May 23-24 in Singapore. It targets loan growth of at least 50% over the next two years. It expects revenue and net profit to mark a record high. (Khao Hoon, 23/05/16)
NWR
NWR says it will keep its projected construction cost for the motorway project at Bt2.4bn because costs are high. The Department of Highways plans to ask approval from the Bureau of the Budget or else it will put this project up for bid again. (Khao Hoon, 2 3/05/16)
PACE
PACE plans to launch two projects valued at Bt7bn this year. It targets transfers of Bt810bn in 2016. It expects to show net profit aided by Mahanakorn projects. It plans to do a capital increase of 816.35mn shares. (Khao Hoon, 23/05/16)
Comment: A cap increase? Why? To buy land in Japan to sell holiday homes to Thais. Oh why not.
 
PTG
PTG reported 1Q16 earnings of Bt296mn, up 79.8% thanks to cost control and higher margin for the oil depot. It is budgeting Bt4.5bn to expand gas stations, expecting to increase sales by 30-40%. (Thun Hoon, 23/05/16)
Comment: And just amazing numbers still! YoY everything will look rather decent for PTG until the expansion of stations has slowed down.
 
PTTGC
PTTGC expects 2016 net profit to be higher than last year driven by a 7% capacity increase. It expects a stock gain in 2Q16. It plans to expand to ASEAN to where this will comprise 10-15% of total revenue within 2018. (Khao Hoon, 23/05/16)
RICHY
RICHY reported 1Q16 net profit of Bt16.79mn mainly driven by government stimulus measures. It targets 2016 revenue to reach Bt1bn. It plans to launch two new projects, valued at Bt8bn. It expects this to increase its backlog. It is budgeting Bt1-2bn to buy land. (Thun Hoon, 23/05/16)
SAMCO
Local institutional investors are interested in SAMCO shares because of its strong fundamentals. It has budgeted Bt1bn to acquire land. It plans to launch Bt3.3bn in projects, increasing its backlog from Bt300mn. (Thun Hoon, 23/05/16)
SOLAR
SOLAR expects 2016 performance to improve. It expects to get orders at home and abroad in 2Q16. It expects to sign contracts for many projects. (Khao Hoon, 23/05/16)
TK
TK expects 2016 revenue and net profit to be better than last year backed by loan growth and cost control. It targets loan growth at 5% and NPLs to not exceed 5%. It plans to issue Bt1bn in 2H16. (Khao Hoon, 23/05/16)
TRT
TRT expects 2016 revenue to be higher than Bt3bn supported by high demand in electricity, new power plants construction, and growth in alternative energy business. Its backlog is Bt3.2bn. (Khao Hoon, 23/05/16)
TSTH
TSTH expects sales to increase 10% this year aided by infrastructure projects. It expects exports to comprise 13%. (Khao Hoon, 23/05/16)
If you enjoyed this post, please consider leaving a comment or subscribing to the RSS feed to have future articles delivered to your feed reader.

Leave a Reply

Your email address will not be published. Required fields are marked *