Stocks in the news (aav, beauty, fsmart, gencho, glow, gunkul, ksl, npp, siri, smpc, solar, tacc, top, tpch, vibha, wave) 15.06.16

AAV
Confident in AAV’s management team — The Srivaddhanaprabha family of duty-free operator King Power has insisted it does not plan to shake up Thai AirAsia nor delist the firm that owns the majority stake in Thailand’s largest budget carrier. (Bangkok Post, 15/6/16)
Comment: Get ready to see more duty free sales on every flight!
 
BEAUTY
BEAUTY plans to expand both at home and abroad. It expects to sign a contract to distribute cosmetics in Hong Kong and Taiwan this year. It expects 2016 revenue to be higher than Bt2.1bn. (Thun Hoon, 15/06/16)
Comment: It’s just impressive what they’ve done
 
FSMART
FSMART says Boon Term Top up machines have reached 77,000. It expects this to boost its 2Q16 performance. It targets 90,000 machines at the end of this year. (Thun Hoon, 15/06/16)
GENCO
GENCO expects 2016 net profit to mark a record high with good performance in all business segments. It expects more clients to bring good 2Q16 earnings. It expects to book revenue from its property business (C Space Bang Yai and B-Live condo). It plans to launch a Bt600mn project in the Ekkamai area. It plans to take over a power business. (Thun Hoon, 15/06/16)
GLOW
GLOW is budgeting Bt3-5bn to invest in an SPP. It expects this to replace the old one for which the PPA will expire in 2018-2021. It plans to invest in the power business at home and abroad. It targets 5,000MW/year. (Thun Hoon, 15/06/16)
Comment: And the dividend machine continues

 
GUNKUL
GUNKUL expects 2H16 performance to be good because it plans to take part in private and public bids. It expects 2016 revenue to reach its target of Bt5.8bn. (Thun Hoon, 15/06/16)
KSL
KSL reported 2QFY16 (Feb – Apr) net profit of Bt179mn, down 61% due to lower revenue and gain from hedging and higher expense. (Khao Hoon, 15/06/16)
NPP
NPP okayed the purchase of The Brio Mall Co., Ltd. by subsidiary TFP. The total purchase amount is not to exceed Bt155mn. The transfer of assets is set for July 1, 2016. It expects this to contribute Bt48mn revenue/year. (Khao Hoon, 15/06/16)
SIRI
SIRI says The Line Asoke – Ratchada presales reached Bt1bn after it held a roadshow in Hong Kong, Singapore, Taiwan, and China on June 11-12. It will open for presales on June 25-26 in Thailand. (Khao Hoon, 15/06/16)
SMPC
SMPC plans to extend its business to increase its net profit. It expects 2Q16 earnings to be good on the back of lower price for oil and gas. Its utilization rate achieved 100% because of orders from abroad. It plans to increase its capacity by 10%. It plans to expand more in international markets. It expects 2016 revenue to grow 15-20%. (Thun Hoon, 15/06/16)
SOLAR
SOLAR expects 2H16 earnings to turn around, backed by exports and public projects. It expects 2016 revenue to reach Bt2bn aided by transfers and its associated companies. It plans to cooperate with TPOLY to handle a Bt419.5mn solar roof for Lotus. It expects the construction to complete in Nov. It plans to hold a roadshow to increase investor confidence. (Thun Hoon, 15/06/16)
TACC
TACC expects 2Q16 earnings to be good after 7-Eleven has increased its drink dispensers to 5,000, which boosted sales during the summer season. It expects to set up 750 vending machines this year. It expects 2016 revenue to grow not less than 15%. (Thun Hoon, 15/06/16)
TOP
TOP expects EBITDA to increase by Bt2bn each year after it has 239MW in power plants operating. It expects 2016 net profit to be above Bt14bn. (Khao Hoon, 15/06/16)
TPCH
TPCH expects net profit to increase by Bt70-80mn after Chang Raek biomass power plant changed from an adder scheme to the FiT scheme. It expects 2016 revenue to grow 150%. It expects 2Q16 earnings to be good. (Thun Hoon, 15/06/16)
Comment: @ yesterday’s opportunity day they indicated that revenues may be higher than expected. But still no real clarity on when the government allows bidding for the next round of biomass in Southern Thailand
VIBHA
VIBHA expects 2Q16 earnings to be good due to lower expenses at CMR (Chiang Mai Ram Medical Business) and recovery in revenue. It targets 2016 revenue to grow not less than 10% with 12-13% net margin. It plans to increase clients from insurance. It plans to invest in a new building. It is looking to increase its revenue from the rental business. (Thun Hoon, 15/06/16)
Comment: CMR actually had a rather poor 1Q16
WAVE
WAVE expects 2016 earnings to be higher than last year with revenue of Bt3.6bn (+54%). It expects to book a full year of revenue from Index Creative Village. It is looking for acquisitions to expand its business. (Khao Hoon, 15/06/16) WORK WORK expects 2Q16 net profit of Bt120mn thanks to higher ratings and higher ad rate of Bt49,000/min. It expects to book extra gain of Bt10-15mn from Dinosaur Planet. (Khao Hoon, 15/06/16)
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