Stocks in the news (aot, bem, bjchi, centel, cwt, eforl, iec, itd, jsp, k, pace, rs, super, tfg) 16.04.16

AOT plans to put two contracts for Suvarnabhumi phase 2 up for bid in Aug. It expects to put the other contracts up for bidding this year. It plans to begin Don Muang Phase 3 as soon as possible. (Thun Hoon, 14/06/16)
BEM expects to be the operator for the MRT Blue Line extension. It also expects to get the station that will link Bang Sue-Tao Poon – the so-called missing link – after the board approved direct negotiation. It expects to ask approval from the SRT tomorrow. (Khao Hoon, 14/06/16)
Comment: Looks like there is no reason why they shouldn’t get it
BJCHI signed a Bt2.8bn contract, raising its backlog to Bt4.5bn. It expects 2016 revenue to grow 15%. (Khao Hoon, 14/06/16)
Comment: This despite oil prices down -50% from their peak, so where’s the issue for BJCHI to continue to winning projects?
CENTEL expects 2016 earnings to mark a record high. It plans to cooperate with a partner to acquire more businesses (two deals are being negotiated). It expects the food business to be good. It has budgeted Bt800mn to expand and renovate. It expects 2016 revenue of Bt20.05bn. (Thun Hoon, 14/06/16)

CWT expects 2Q16 earnings to be good with 10-15% revenue growth backed by automotive leather. It expects significant growth in 3Q16 aided by exports. It expects 2016 revenue to reach Bt1.7bn. (Thun Hoon, 14/06/16)
EFORL says net profit may miss its target of Bt500mn but expects revenue to hit target of Bt5bn. It expects to pay off debt of Bt800mn by cash gained from the exercise of warrants. It plans to list Wutthisak. (Bangkokbiznews, 14/06/16)
Comment: Quite the story here with the change from founders to a PE fund back to founders, but little has been written on this name for the past 12-18 months
IEC expects 3Q16 net profit to be a record high backed by extra gain from selling Gidec to its partner. It expects 2016 net profit to reach Bt161mn on better business overall. It revised down 2016 revenue to Bt1.2bn from Bt1.4bn. (Khao Hoon, 14/06/16)
ITD signed a contract with Kerry Siam Seaport Limited to proceed with the construction of Kerry Siam Seaport Phase IV Development Project in Chonburi, valued at Bt1.825bn, with 1,285 days period of work. (SET, 13/06/16)
JSP’s backlog is Bt6bn. It expects to recognize Bt4bn this year. It expects 2016 revenue to be higher than Bt5bn. It expects to revise up revenue target after it announced 3Q16 earnings. It plans to launch two mixed-use projects valued at Bt17.5bn by the end of this year. (Khao Hoon, 14/06/16)
K expects 2016 net profit to be higher than last year with revenue of Bt1.25bn (20% growth). Its backlog is Bt827mn. It plans to take part in Bt1bn bids and to get Bt400-500mn. It plans to expand to AEC. (Khao Hoon, 16/04/16)
Comment: The industry is booming because of the # of new malls opening up in Thailand
PACE targets 2016 revenue to reach Bt10bn. It plans to hold a roadshow in Hong Kong to attract foreign investors. Its backlog is Bt15bn which are expected to transfers soon. (Thun Hoon, 16/04/16)
Comment: It’s becoming a popular name amongst brokers now.
RS targets more than Bt600mn in revenue this year from its new beauty and personal-care business, Life Star. (The Nation, 14/06/16)
Comment: Quite the shift in business model, from content creation to beauty products
SUPER started up five more solar projects (25.95MW), raising its total supply to 675.9MW. It expects this to raise its 2Q16 performance. It targets to supply 1,000MW this year. (Khao Hoon, 16/04/16)
TFG expects to supply chicken to THAI and other international airlines. It plans to expand its market at home by opening more branches upcountry and expanding to modern trade and food service. It expects 2016 revenue to grow more than 15%. (Khao Hoon, 16/04/16)
Comment: They are at the mercy of pork and chicken prices, just have a look at their historical performance
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.

2 thoughts on “Stocks in the news (aot, bem, bjchi, centel, cwt, eforl, iec, itd, jsp, k, pace, rs, super, tfg) 16.04.16”

  1. can you send a link to the Bangkok Post article on EFORL? Prefer English, but Thai would be better than none at all…
    Thank you

Leave a Reply

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