Stocks in the news (akp, bch, bcp, biz, ivl, jas, lit, mill, oishi, ori, prin, pttgc, qlt, sawad, spali, tasco, tfg, tkn, tpch) 11.08.16

AKP
AKP reported 2Q16 net profit of Bt18.08mn, up 61.6% YoY. It expects 2H16 performance to achieve its target. (Thun Hoon, 11/08/16)
BCH
BCH expects 2H16 earnings to be good supported by a faster breakeven at WMC than expected. It plans to increase Social Security clients to 800,000. It expects 2016 revenue to grow no less than 10%. (Thun Hoon, 11/08/16)
Comment: Well WMC has been waiting to breakeven for a long time…
 
BCP
Bangchak seeks 4th revenue engine – BANGCHAK PETROLEUM is seeking a new business to perform as the “fourth engine” of the company, after the spin-off of its green-power business. (The Nation, 11/08/16)
Comment: And the spin is expected to happen within the next 6 months
 
BIZ
BIZ reported 2Q16 net profit of Bt8.1mn and total revenue of Bt106.59mn, a surge of 502.51% YoY due to realizing more revenue. (Thun Hoon, 11/08/16)
IVL
IVL reported 1H16 net profit of Bt10.84bn, increasing 95% YoY, and 2Q16 profit of Bt5.95bn supported by PET business recovery and booking extra gain of Bt2.49bn from an acquired business. (Kao Hoon, 11/08/16)
Comment: So they were able to boost their 1H16 #’s due to “extra gain” bookings from acquisitions, what magical things await in 2H16?
 

Continue reading Stocks in the news (akp, bch, bcp, biz, ivl, jas, lit, mill, oishi, ori, prin, pttgc, qlt, sawad, spali, tasco, tfg, tkn, tpch) 11.08.16

Stocks in the news (ask, bla, demco, egco, gfpt, gold, gunkul, kce, nep, ptsc, ratch, sawad, siri, spa, susco, tu, thcom, wha) 10.08.16

ASK
ASK expects revenue and loan growth of not less than 15% on seasonality. It plans to issue a debenture to replace the old one of Bt7.3bn that is expiring. (Thun Hoon, 10/08/16)
Comment: It’s more likely that the continued improvement will come from decreased financing costs
 
BLA
BLA reported 2Q16 net profit of Bt9.3bn thanks to reversal of provisions. It will pay a dividend of Bt0.32/share, XD on Aug 25. (Khao Hoon, 10/08/16)
Comment: Despite the short term respite it’s still going to be tough for insurance co’s to make $ on their investment portfolio’s given these low yields
 
DEMCO
DEMCO says its 60MW wind power at Khao Kor commenced operations. It expects this to contribute Bt40mn income in 2017. It expects 2016 revenue to grow 10-15%. Its backlog is Bt7bn, of which it expects to book Bt6bn this year. It plans to take part in Bt10bn in bids. (Thun Hoon, 10/08/16)
Comment: The issue surrounding Demco is still because of the loss of production payments 
 
EGCO
EGCO reported 2Q16 net profit of Bt2.04bn (+46%). This brought 1H16 net profit to Bt4.63bn (+58%). ( Khao Hoon, 10/08/16)
GFPT
GFPT reported 2Q16 net profit of BT380.79mn (+90%) backed by lower feed costs and growth in GFN and McKey. It expects 2H16 earnings to be good on seasonality. It expects exports to reach 6,500ton/quarter. It expects 2016 gross profit to grow 14%. (Thun Hoon, 10/08/16)
Comment: Every chicken/pork company has had a wonderful 2Q and it looks like chicken prices are continuing to increase into the 2H16
 
GOLD
GOLD reported 2Q16 net profit of Bt359.38mn, which brought 1H16 net profit to Bt560.77mn driven by large transfers from property stimulus measures. It expects 2016 revenue to reach its target of Bt10bn. (Khao Hoon, 10/08/16)

Continue reading Stocks in the news (ask, bla, demco, egco, gfpt, gold, gunkul, kce, nep, ptsc, ratch, sawad, siri, spa, susco, tu, thcom, wha) 10.08.16