Stocks in the news (a, cpf, ea, genco, ihl, kbank, max, ple, prin, super, svi, tacc) 20.07.16

A
Areeya expects 2H16 to launch 6 new projects in total worth Bt5.6bn. It will maintain its 2016 sales target of Bt10bn and expects revenue of Bt7bn. It will bid for a government housing project this week. (Kao Hoon, 20/07/16)
Comment: It will be interesting to see the outcome of the government project work. Plus Areeya still has that leasehold project on Rajadamri.
 
CPF
CPF maintains its 2016 sales growth target of 10% and expects 2Q16 earnings to be good; it expects to report in early August. It plans to acquire businesses in the UK, Europe, US and Russia. Recently, it opened its first “MAGNET” in Chiang Mai and expects to expand to four branches this year. (Kao Hoon, 20/07/16)
EA
EA expects 2Q16 profit of Bt1bn or growth of 32%, supported by booking profit from 278MW solar farm and startup of 126MW wind energy in 2H16. This will lift 2016 profit to over Bt4bn. (Kao Hoon, 20/07/16)
Comment: There’s nothing new here except them bringing their projects online. I do wonder at what point will we see a renewable energy fund similar to a REIT?
 
GENCO
GENCO is setting up two subsidiaries to support future renewable energy business in the future. It plans to bid for and take over power plants. It expects 2Q16 earnings to be outstanding and 2016 to be a new high. (Thun Hoon, 20/07/16)
IHL
IHL set up “Inter Green” to diversify its business. It targets revenue from new business of no less than Bt200-250mn per year and expects gross profit of Bt150mn. This will increase 2016 revenue to Bt2.5bn. (Thun Hoon, 20/07/16)

KBANK
KBANK expects corporate loan growth to exceed its target of 4% after completing two big deals – for 4G bidders and the BIGC deal. It expects fee revenue to grow higher than 14% though SME loan growth may miss target because of the economic slowdown. (Thun Hoon, 20/07/16)
MAX
MAX shareholders approved investing in new business. It plans to invest in 1-3 SPP with capacity of 120MW per plant, with a decision to be made in August. It plans to expand its property business to provide its sustainable growth. (Thun Hoon, 20/07/16)
Comment: This old trick again. There was a failed PP, a failed reverse IPO/backdoor listing of Siamese Asset (a property firm), is this another attempt by them?
 
PLE
PLE expects 3Q16 earnings to be not less than Bt200mn because of selling Sittarom Development shares to ADAM for Bt370mn. Its work on hand is Bt13bn, of which it expects to book Bt6bn this year. It expects a net profit this year. (Thun Hoon, 20/07/16)
PRIN
PRIN expects 2Q16 earnings to be good backed by Bt800mn in transfers, higher than 1Q16’s Bt600mn. It has budgeted Bt1bn to acquire land. It expects 2016 revenue to reach Bt2.9bn. It says it got 147 rai of land in Bangkok and its suburbs, Pattaya, and Hua Hin. It expects net profit to mark a record high within a few years after Bt354mn in 2012. (Thun Hoon, 20/07/16)
SUPER
SUPER expects 2Q16 net profit to be good boosted by operating a 700MW power plant. It expects to supply 1000MW at the end of this year. It expects to invest in a 10MW waste power plant in 3Q16. (Khao Hoon, 20/07/16)
SVI
SVI expects 2Q16 earnings of Bt506mn, down 55% because of lower extras. (Khao Hoon, 20/07/16)
Comment: Looks like a return to normal earnings ex insurance gains
 
TACC
TACC plans to launch new products with Hello Kitty in 2H16. It expects this to contribute revenue of Bt40mn. It expects 2016 revenue to grow not less than 15% in line with 7-Eleven’s plan to launch more All café outlets in its stores. (Khao Hoon, 20/07/16)
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.

4 thoughts on “Stocks in the news (a, cpf, ea, genco, ihl, kbank, max, ple, prin, super, svi, tacc) 20.07.16”

  1. Areeya expects 2H16 to launch 6 new projects in total worth Bt5.6bn. It will maintain its 2016 sales target of Bt10bn and expects revenue of Bt7bn. It will bid for a government housing project this week. (Kao Hoon, 20/07/16)
    I am following the bidders for this project. Can you clarify their accounting terminology, please: i.e. sale target is 10 bn. How can revenue target be 7bn. ? tia

    Comment: It will be interesting to see the outcome of the government project work. Plus Areeya still has that leasehold project on Rajadamri.

    1. Sales target for the project is 10bn, but the revenue recognized in 2016 will be 7bn or 70%. The remaining 3bn or 30% will hit the books in 2017 (if at all).

      1. Thanks, Jay. for resolving my confusion due to my professional education. I’ll be more careful.
        Sales=revenue, (subject to reserves)
        Simple Definition of ‘sale’
        : the act of selling something : the exchange of goods, services, or property for money
        sales : the total amount of money that a business receives from selling goods or services
        Source: Merriam-Webster’s Learner’s Dictionary

Leave a Reply

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