Stocks in the news (centel, grand, hmpro, ktb, maco, oishi, pace, pylon, tluxe, tmi, uniq) 07.07.16

CENTEL
CENTEL plans to take over Thai Foods brand. It targets 2016 revenue to grow at 10%, driven by healthy tourism. (Thun Hoon, 7/7/16)
GRAND
GRAND plans to take over a prestigious hotel in Thailand. It expects to see healthy 2Q16 earnings, driven by booking from Hyde Sukhumvit 11 and hotel businesses. (Thun Hoon, 7/7/16)
Comment: Still have our doubts on their ability to execute…
 
HMPRO
HMPRO expects to see outstanding 2Q16 earnings from Mega Home. It targets 2016 revenue to grow 10-15% from expanding portfolios and a slight change in business model. (Thun Hoon, 7/7/16)
KTB
KTB targets 2016 loans to grow 3-4% from SME and governmental lending. It expects 2Q16 NPL to deceleratedly increase. (Thun Hoon, 7/7/16)
MACO
MACO plans to be number one in the country in 2-3 years with market share more than 40%. It is expanding the business, negotiating for M&A. Its 2Q16 performance is expected to be healthy from advertising signs covering 77 provinces. (Thun Hoon, 7/7/16)
Comment: I’m fairly certain that they are already the largest in what is a very fragmented industry

 
OISHI
OISHI maintains 2016 food revenue target of Bt7bn. It is adding 20 branches with an aim to have more than 250 branches this year. It is negotiating a deal in Laos and Cambodia, which is expected to be finalized this year. (Khao Hoon, 7/7/16)
PACE
PACE gets shareholder approval to increase capital by issuing new shares in exchange for land in Hokkaido to build resorts at a cost of US$110-120mn. The project is expected to start building in 2017 and record revenues until 2019. (Thun Hoon, 7/7/16)
Comment: Ah well that could explain the drop in share price recently. Not a surprise though, it does feel like management is effectively using other people’s $ to build holiday homes and condominiums where they would like to live
 
PYLON
PYLON signed a new project worth Bt300mn. It is also negotiating with CK to get the works for the Jira-Khonkaen dual-track project and is proposing to handle works in ITD’s contract for Suvarnabhumi Phase 2. (Khao Hoon, 7/7/16)
TLUXE
TLUXE expects 2Q16 performance will recover due to high season for agricultural business. Its board approved spending Bt800mn to buy eight electricity plants in Japan. (Khao Hoon, 7/7/16)
TMI
TMI proposes a project to government worth Bt10mn. It signals good earnings in 2Q16 and Bt30mn of backlog to be recorded in 3Q16. It expects 2016 revenue to grow more than 20%. (Thun Hoon, 7/7/16)
UNIQ
UNIQ expects to be involved in government projects worth Bt488bn. It expects to get at least Bt10bn. It is certain that 2016 revenue will hit Bt12bn. (Thun Hoon, 7/7/16)
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