Stocks in the news (ait, cpf, cpn, epg, erw, ktc, mill, nch, ori, pttep, ratch, tnp, trc, tvt) 15.07.16

AIT
AIT has backlog of more than Bt3bn. It plans to bid for new jobs from both the government and private entities. It plans to announce a partner with which it will engage in data center operations in August. It is confident that 2016 revenue will reach Bt5.7bn. (Thun Hoon, 15/07/16)
Comment: Well then who is going to take the data center business given that the government is no longer going to do that stupid deal
 
CPF
CPF acquired 2.75mn shares of Norfolk at US$1.45/share for a total of Bt141mn. It expects this deal to complete in 3Q16. It expects this to be a milestone to broaden its food business in Sri Lanka and as an export base to neighbouring countries. (Khao Hoon, 15/07/16)
CPN
CPN and Central Department Stores in Bangkok have budgeted Bt100mn to hold a food festival tagged “Central Bangkok Taste of the World”. It expects this to attract 30% more tourists and bring in revenue of at least Bt500mn. (Khao Hoon, 15/07/16)
EPG
EPG expects 1QFY17 earnings growth over 15% YoY from profit of Bt287mn in FY2015 supported by more orders. It expects FY2016 revenue of Bt10-11bn. It has budgeted Bt1bn to buy machinery to enable it to expand its business to ASEAN. (Thun Hoon, 15/07/16)
ERW
ERW expects 2Q16 earnings to be good thanks to tourism recovery which has given high occupancy rates. It is budgeting Bt1.7bn to expand HOP INN in Thailand and abroad. It is confident that 2016 revenue will grow no less than 15%. (Thun Hoon, 15/07/16)
Comment: The question on everyone’s mind is when will they launch their REIT

 
KTC
KTC is working with a tour company and airlines to launch a campaign that it believes will lift credit card spending. It expects 2016 card spending from travelers to grow 30% YoY. (Thun Hoon, 15/07/16)
Comment: And as long as those card spenders don’t fully repay their monthly statements KTC can continue to charge them and show a good profit growth…
 
MILL
MILL expects 2H16 business to be good. It is confident that 2016 sales will go over its target of 900,000 tons. It expects the factory in Myanmar to start operating in August and expects it to contribute revenue of Bt400-500mn in the first year. It expects 2Q16 revenue and profit to be outstanding supported by positive factors from its JV. (Thun Hoon, 15/07/16)
NCL
NCL expects to turn around. It plans to book extra gain from SSK after holding 43%. It expects to get TPIPY job of Bt300mn. It expects to get a job from transportation of more than Bt1.2bn. (Thun Hoon, 15/07/16)
ORI
ORI plans to revise up 2016 presales target from Bt7.5bn after presales have almost reached Bt4bn. It launched two projects worth Bt1.45bn. It expects revenue to reach Bt4bn this year. (Khao Hoon, 15/07/16)
PTTEP
PTTEP expects 2Q16 net profit to be higher than Bt2.2bn, up 70%, despite losses from oil hedging of Bt3bn. (Khao Hoon, 15/07/16)
RATCH
RATCH expects 2016 net profit to be good, boosted by power plants. It expects to book a Bt1.7bn net profit from Hong Sa, where all three units are expected to be operating. It expects 2016 net profit to reach Bt5.9bn. (Thun Hoon, 15/07/16)
TNP
TNP plans to open new branches which will support 4Q16 performance. It also expects 4Q16 net profit to be good aided by seasonality. It expects retail sales to comprise 80%. It is confident 2016 revenue will grow 10% as targeted, with a margin of 13%. (Thun Hoon, 15/07/16)
TRC
TRC expects to get PTT projects. PTT will be selecting contractors for a Bt7bn gas pipeline phase 2 at Korat and a Bt4.8bn Wang Noi project today. (Khao Hoon, 15/07/16)
Comment: TRC has always been the main contractor for PTT Group.
TVT
TVT expects 2H16 net profit to reach Bt37mn, up 146% on the back of higher ad revenue. (Khao Hoon, 15/07/16)
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