Stocks in the news (aot, bkd, cpn, cwt, dtac, erw, gfpt, irpc, ktc, pap, ps, salee, sat, sccc, thai) 26.07.16

AOT
AOT expects 3QFY16 net profit to hit Bt4.9bn, up 21%, giving 9MFY16 net profit of Bt15bn, up 17%. This came from higher passenger pass-through of 90mn passenger in the first nine months (+12%). (Khao Hoon, 26/07/16)
Comment: Altogether now, 1, 2, 3, amazing thailanddddd.
BKD
BKD expects to get jobs worth Bt300bn in 2H16 which will increase its backlog to 1.8bn. It expects 2H16 net profit to be good because of seasonality. It expects to recognize Bt400mn revenue in 2H16. (Thun Hoon, 26/07/16)
CPN
CPN yesterday announced the launch of its first mixed-use property project in Nakhon Ratchasima at the cost of Bt10bn. (The Nation, 26/07/16)
CWT
CWT expects 2H16 earnings to be good driven by automotive and exports. It expects 2016 revenue to pick up from Bt1.38bn to Bt1.5bn aided by numerous orders. It plans to take part in upcoming PPA bidding. It expects to complete a power plant deal in the north by 4Q16. (Thun Hoon, 26/07/16)
DTAC
DTAC chief marketing officer Sitthichoke Nopchinabutr aims to make the company the No 1 digital brand in Thailand by 2020 through revitalising its brand image, providing digital services that meet the needs of all market segments, and enhancing relationships and partnerships with local and global partners. (The Nation, 26/07/16)
Comment: Well it isn’t happening in the numbers

 
ERW
ERW expects net profit to be back in the black despite low season as Hop Inn is a key driver. It expects Hop Inn to support its growth from now to 2020. (Thun Hoon, 26/07/16)
GFPT
GFPT will hold a board meeting on Aug 9. It expects 1H16 performance to be good thanks to GFN and McKey. It targets 2016 sales growth of 5%. It expects exports to be good for the rest of the year. (Khao Hoon, 26/07/16)
Comment: Chicken prices drive this company, but they still are the best operator in town.
 
IRPC
IRPC says UHV has commenced COD. It expects this to contribute Bt800mn net profit each quarter. (Khao Hoon, 26/07/16)
KTC
KTC targets 200,000 credit cards in 2H16 after reaching 146,000 cards in the first half of the year. It expects personal loans to grow gradually but NPLs not to exceed 1.4%. (Khao Hoon, 26/07/16)
Comment: Their numbers continue to do well despite the fact that its in an industry where there is no growth 
 
PAP
PAP expects 2Q16 net profit to reach Bt98mn, up 68%YoY from better profitability. It expects sales to peak in 3Q16. It expects 2016 sales to achieve 350,000 tons. It plans to increase its capacity to 4.5mn ton this year. (Thun Hoon, 26/07/16)
PS
PS expects 2H16 performance to be good because of seasonality. It plans to launch 38 projects valued at Bt38bn. It also has budgeted Bt16bn to buy land. It expects 2016 revenue to reach Bt53bn from economic recovery. (Thun Hoon, 26/07/16)
SALEE
SALEE expects to revise up revenue target growth from 10% because it expects its subsidiary to show a good performance in 3Q16. It expects to list this subsidiary. It expects 2Q16 earnings to dip due to low season.  (Thun Hoon, 26/07/16)
SAT
SAT expects 2H16 earnings to be good as the economy recovers. It expects gradual growth next year. (Thun Hoon, 26/07/16)
Comment: There was a quick shortlived bounce in SAT recently on expectations of improved performance. We still have our doubts…which is a shame as its a decently run automotive manufacturing firm
 
SCCC
SCCC approved the purchase of Holcim (Lanka) Limited by a subsidiary. This company is a clinker producer in Sri Lanka. It has approved a price of Bt13bn. It expects this to act as a springboard to expand to other regions. It reported 2Q16 net profit of Bt1.21bn. It will pay dividend of Bt8/share, payment on Aug 19. (Thun Hoon, 26/07/16)
Comment: This plus the Cambodia project, SCCC is doing a rather good job expanding throughout the region
THAI
THAI plans to resume flights to the US west coast next year and add more destinations in China after taking a year off to achieve international safety compliance. (The Nation, 26/07/16)
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