Stocks in the news (a, ap, apco, aq, chewa, drt, epco, fer, jmt, kbank, lhbank, plat, pttep, stpi, thai, tsc) 10.06.16

A
Areeya targets 2016 revenue of Bt7bn supported by its backlog of Bt2.34bn, of which will book Bt1.5bn this year. It has stock of Bt3.5bn. It expects sales of Bt10bn in 2016. It plans to launch 12 projects worth Bt20bn. (Khao Hoon, 10/06/16)
Comment: Their stock price performance has one of the smoothest charts I’ve ever seen.
 
AP
AP expects 2Q16 earnings to be better than first quarter due to more transfers. It is confident that 2016 revenue will reach target of Bt23.7bn as it has backlog of more than Bt12bn. It plans to launch 13 new projects valued at Bt25bn in 2H16. (Thun Hoon, 10/06/16)
Comment: They came out with rather strong pre-sale #’s
 
APCO
APCO expects 2Q16 to continue to grow. It expects 2016 revenue growth of 10% and with net profit growing 25%. It will focus on the domestic market. It plans to launch a new product in 4Q16. (Khao Hoon, 10/06/16)
AQ
AQ will focus on low-rise projects. It plans to open two new condos worth Bt1bn. It opened hotel in Chiang Mai to bring rental revenue to Bt200mn per year. (Thun Hoon, 10/06/16)
Comment: Weren’t they recently bankrupt?
 
CHEWA
CHEWA bought a condominium from AQ for Bt586mn. It expects this to contribute revenue rapidly. It expects 2016 revenue of Bt1.7-1.8bn. It plans to open two new projects wtih total value of Bt2bn. (Khao Hoon, 10/06/16)
Comment: Ah see above…
 
DRT
DRT accepts that 2Q16 earnings will decrease from 1Q16 due to low season and demand. However, it maintains its 2016 target of revenue growth of 5%, supported by growing exports to CLMV+1. It expects to increase the export portion to 18%. It has budgeted Bt100mn to renovate machines. (Khao Hoon, 10/06/16)
Comment: But they have announced a sharebuyback, last time was in 2009

 
EPCO
Board has given the nod for EP to buy two natural gas power plants with total capacity of 360MW for Bt2.65bn. Recently, it started up 120MW and plans to start up a 240MW plant in September. It has decided not to invest in four solar farms in Japan with a capacity of 15.33MW. (Khao Hoon, 10/06/16)
FER
FER expects to take over a 14MW power plant. It expects to take part in a 5MW PPA in the south. It says a prospective Chinese partner is interested to invest in a waste power plant. It expects net profit to return to the black after it has restructured its business and is seeing a good performance at its biomass power plants. (Thun Hoon, 10/06/16)
JMT
JMT plans to issue a 3 year debenture, valued at Bt300mn with 4% interest rate. It expects 2016 revenue to grow 30% as it plans to acquire Bt20bn in NPLs. (Thun Hoon, 10/06/16)
Comment: Explains the strong movement in the stock price. Issue for JMT is for them to show growth they have to continually acquire larger and larger NPLs. Not the easiest thing to do.
 
KBANK
KBANK plans to boost its revenue from fee income from advisory for debenture issue, M&A and private banking. Its assets under management reached Bt800bn as it has added more clients. (Khao Hoon, 10/06/16)
LHBANK
LHBANK will issue 7.54bn new ordinary shares via PP to CTBC at a subscription price of Bt2.2/share. It expects 2016 loan growth to reach its target of 10-15% with a greater focus on corporate loans. (Thun Hoon, 10/06/16)
PLAT
Local and international investors are interested in PLAT shares. It expects 2Q16 revenue to be higher than 1Q16’s Bt462mn aided by higher rentals. It expects 2016 revenue to grow 10% from last year thanks to customer growth. (Thun Hoon, 10/06/16)
Comment: Walked around their malls the other day for the first time in years, what economic slowdown? It’s still bustling. 
PTTEP
PTTEP plans to repurchase US$500mn in bonds which will mature in 2018. It expects this to improve its capital structure. (Thun Hoon, 10/06/16)
STPI
STPI plans to take part in Bt100bn in bids, and expects to get not less than Bt30bn. It expects this to be announced in early 2017. Its backlog is Bt5bn which can cover revenue until 3Q16. It expects 2016 revenue of Bt8-9bn. It is studying new business. (Thun Hoon, 10/06/16)
THAI
THAI expects 2Q16 earnings to be good despite being low season. It has no worries about the uptrend in oil price as it has engaged in hedging. It expects revenue to reach Bt192bn aided by government measures and opening new routes. It expects this to bring its cabin factor back up to 80%. (Thun Hoon, 10/06/16)
Comment: Government measures? I.e. the air force buying their planes? 
 
TSC
TSC revised down 2016 revenue to Bt2.6-2.7bn due to auto sector slowdown. It expects net profit margin of 5%. It is budgeting Bt100-200mn to improve its equipment efficiency. (Khao Hoon, 10/06/16)
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