Stocks in the news (aav, bcpg, ecf, fsmart, ifs, irpc, itel, jasif, sithai, top, trc, tta, upa, vte) 04.08.16

AAV
AAV expects 2Q16 growth to double to profit of over Bt400mn supported by more passengers. It expects Chinese tourists continue strong in 2H16 due to high season. (Thun Hoon, 04/08/16)
Comment: And lower oil prices
 
BCPG
BCPG poised for major ‘green’ power expansion – BCPG, a green-power subsidiary of Bangchak Petroleum, has set a target of achieving 1,000 megawatts of installed capacity by 2020, as part of its business expansion after going public. (The Nation, 04/08/16)
Comment: Not sure on the timeline for this IPO but its apparently going to happen this year.
 
ECF
ECF plans to do a warehouse business in ASEAN. It has received more orders from a Japanese customer that it expects will bring in revenue of Bt12-15mn each month. It expects 2H16 earnings to be good supported by high season and is confident that revenue will achieve its target growth of 12-15%. (Thun Hoon, 04/08/16)
FSMART
FSMART expects 2Q16 earnings to be a new high with profit of Bt96.40mn or growth of 44.70%. It expects net profit to continue to rise to new highs in future quarters as it adds more online top-up machines. It expects 2016 profit at Bt379mn, up 39.50%. (Kao Hoon, 04/08/16)
Comment: Yet again this company continues to grow and grow, naturally in the next 2 years the rate of growth will begin to decline as the absolute number of machines added have a smaller impact
 
IFS
IFS reported 2Q16 net profit of Bt34.39mn, up 21% YoY due to lower provisions and a rise in NIM to 8%. It is confident that growth in factoring in 2016 will reach 15-20% from Bt26bn last year. (Thun Hoon, 04/08/16)

Continue reading Stocks in the news (aav, bcpg, ecf, fsmart, ifs, irpc, itel, jasif, sithai, top, trc, tta, upa, vte) 04.08.16