Stocks in the news (age, amatav, beauty, bem, bh, bm, fpi, jasif, jmart, k, lanna, match, oto, spali, synex, wice) 01.08.16

AGE
AGE expects revenue from port and warehouse business of Bt100mn. It expects full-year sales to reach target of 2mn tons. It expects 2Q16 earnings to be good. It plans to expand abroad and is waiting for results of its bid for a biomass power plant in South. (Thun Hoon, 01/08/16)
AMATAV
AMATAV expects 2017-2018 earnings to double after booking revenue from the sale of land. It expects 1H16 earnings to be normal due to route and development problems. It has budgeted USD200mn to develop and buy land. It expects D/E ratio of not over 1:1. (Bangkok Business, 01/08/16)
Comment: They haven’t really proven to do much in Vietnam since being listed..
 
BEAUTY
BEAUTY expects 2H16 earnings to double due to high season in 4Q16 and expansion of distribution. It plans to expand business to tourist attractions. It expects 2016 revenue growth to exceed target of 20%. (Thun Hoon, 01/08/16)
Comment: Well…ok…keep going BEAUTY. It’s painful to watch…
 
BEM
BEM got the Blue Line job and expects clarity in August. It expects 2H16 earnings to grow supported by Sri Rat expressway and the Purple Line. It plans to bid for the Yellow, Orange and Pink Lines; results are expected to be published by the end of 2016. (Thun Hoon, 01/08/16)
Comment: We did say back when the news first came out the BEM would be THE infrastructure play for Thailand. Just wait til they announce an infra fund…

 
BH
BH is paying an interim dividend of Bt0.95/share, XD on Aug 15 and payment date on Aug 26. It reported 1H16 net profit of Bt1.8bn and revenue of Bt9.1bn. (Khao Hoon, 01/08/16)
BM
BM expects 2H16 earnings to double supported by more orders from Thailand and abroad. It plans to expand abroad and expects to make a decision by end-2016. (Thun Hoon, 01/08/16)
FPI
FPI expects 2H16 earnings to be good, supported by high season. It targets 2016 revenue growth of 10% from Bt1.86bn in 2015 supported by jobs waiting to be booked and new jobs. It has a project in Europe worth Bt100mn. (Thun Hoon, 01/08/16)
JASIF
JASIF reported 2Q16 net profit of Bt1.27bn or growth of 12.65%, with assets reaching Bt57.3bn. It expects to pay a dividend in August. (Khao Hoon, 01/08/16)
JMART
JMART expects 2H16 earnings to grow and expects sales growth of no less than 20% each quarter. It expects 2016 revenue to reach its target of Bt12bn or growth of 30%. Its business in Myanmar is start to grow and it expects profit in 2017. (Thun Hoon, 01/08/16)
Comment: And thats the kicker, it will become a potential regional play a la GL for motorcycle leasing
 
K
K got Bt10mn revenue from engaging in exhibition. It expects to take part in Bt1bn in bids. IT expects to get a project in Japan. It expects 2016 revenue to grow 20-25% with Bt850mn backlog. (Thun Hoon, 01/08/16)
Comment: Their key driver will be the ability to win retail projects for all these new malls coming out.
 
LANNA
LANNA expects to benefit from higher coal price and demand from China and India. It expects 2016 revenue to be close to 2015’s Bt10bn. It plans to invest in a third coal mining and coal power plant in Indonesia. It is studying investing in alternative energy in Thailand and Japan. (Thun Hoon, 01/08/16)
Comment: Coal prices have gone the way of oil prices recently, off their highs hence why we are seeing names like BANPU and LANNA struggling to maintain their momentum 
MATCH
MATCH’s board approved a capital increase of 2050mn shares. It plans to refinance its debt, which will cut interest expense by Bt30mn/year. It expects 2016 revenue to be better than last year’s Bt607mn, aided by higher rental equipment as movie producers return to Thailand. (Thun Hoon, 01/08/16)
Comment: Is there going to be a change in shareholders? 
OTO
OTO approved the establishment of a JV with MyanOne Co.,Ltd in Myanmar to engage in debt collection service. It expects service revenue to comprise 80%. It expects 2Q16 earnings to be good. It expects 2016 revenue to achieve its target of Bt1.1bn (+10%) because of a broader customer base. (Thun Hoon, 01/08/16)
Comment: Is there already a debt collection market opportunity in Myanmar? Unless they are going after the informal loan sector then I don’t see the market op just yet.
SPALI
SPALI expects to book Bt7.3bn revenue in 2H16 from Bt34.5bn in transfers. It plans to launch new projects over the rest of the year, which will raise 2016 presales to Bt24.5bn. (Thun Hoon, 01/08/16)
SYNEX
Overseas investors are interested in SYNEX shares because of its strong fundamentals, expects a decision to be made soon. It got a good response to Huawei brand. It expects 2016 sales to reach Bt23bn on IT trend. (Thun Hoon, 01/08/16)
WICE
WICE expects 2016 revenue to reach Bt1.1-1.2bn, up 70% after it acquired SEL, a logistics company in Singapore. It expects 3Q16 earnings to be peak with a net margin of 10%. It plans to invest in a warehouse at Laem Chabang. (Thun Hoon, 01/08/16)
Comment: Well why not, we don’t know much about this company in Singapore other than what’s on their website.
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One thought on “Stocks in the news (age, amatav, beauty, bem, bh, bm, fpi, jasif, jmart, k, lanna, match, oto, spali, synex, wice) 01.08.16”

  1. Poor Thcom, and the hits keep on coming with TOT the latest to announce a pull out..

    I always wondered how the big banks kept on pulling on this name with lofty target prices exceeding 50 baht..

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