Stocks in the news (beauty, bjc, btw, ea, gpsc, itd, malee, ple, pttep, seafco, tfg, top, tpoly, vgi, work) 24.08.16

BEAUTY expects 2H16 high season to support its sales. It is confident that 2016 revenue will grow more than 20%. It plans to expand its branches in Thailand and abroad. (Kao Hoon, 24/08/16)
Comment: The odd thing is that we are seeing management sell shares in the market 
BJC expands glass output capacity – BERLI JUCKER(BJC) is investing Bt2 billion in the construction of a new furnace with a production capacity of 300 tonnes of glass a day, in order to cater to rising demand for glass containers. (The Nation, 24/08/16)
Comment: Watch them dominate Thailand and Vietnam along with Central Group
BTW announced a dividend of Bt0.27/share, XD today and payment on Sep 9. It has backlog of Bt1.56bn and expects 2H16 earnings to be good. (Thun Hoon, 24/08/16)
EA plans to COD a 126MW wind power plant at Nakhon Si Thammarat at the end of 2016. This will lift capacity to 404MW, doubled from 2015. It expects 2016 earnings to be a new high. It plans to do five more projects in Chaiyaphum worth Bt20bn to increase capacity to 64MW. (Thun Hoon, 24/08/16)
GPSC expects 2016 revenue and profit to jump due to booking revenue from IRPC, Nava Nakorn power plant and more new customers. It announced a five-year plan to have capacity of 2,800MW and expects the board to approve its investment budget of Bt19bn. (Kao Hoon, 24/08/16)
ITD get a big project worth more than Bt1.28bn to bring backlog up to over Bt200bn. It expects earnings to turn to profit after it reported a net loss in 2Q16. (Thun Hoon, 24/08/16)
Comment: With the recent win @ AOT, will they have to raise capital again?
Malee Group and Mega Lifesciences will set up a 49:51 joint venture called Mega Malee Company to develop health-related natural foods and beverages for both local and international markets. Initial investment is put at Bt10 million. (The Nation, 23/08/16)
Comment: That added a little pop to both their share prices that day

PLE board approved a capital increase, issuing 1,633mn shares via PP at a ratio 1:1, price at Bt1/share and a free warrant at a ratio of 2:1. It plans to restructure to support future potential. (Kao Hoon, 24/08/16)
Comment: A turnaround play in the construction sector? 
PTTEP reduced investment budget to US$1.7bn due to cost savings. It expects to maintain 2016 petroleum sales at 322k bbl/day. (Kao Hoon, 24/08/16)
SEAFCO got a new job worth Bt153mn. It is confident that 3Q16 earnings will be a new high supported by jobs in hand and new jobs waiting to be booked. (Thun Hoon, 24/08/16)
TFG is confident that 2016 revenue will be more than Bt20bn due to an increase in swine and poultry export volume. It expects export portion to increase to 20% and expects poultry price to continue to trend up. (Kao Hoon, 24/08/16)
TOP is studying CFP project which will increase capacity to 400k bbl/day, at a cost of US$3-4bn. (Kao Hoon, 24/08/16)
TPOLY expects TPCH to generate revenue due to JV with partner. It expects to get a biomass power plant in the south. It plans to bid for a construction job worth Bt1.5-2bn. It expects 2016 revenue growth of 10% and expects TPCH revenue to grow 200%. (Thun Hoon, 24/08/16)
Comment: A Tipco part deux? 
VGI acquires major stake in Rabbit from BTS Group – VGI GLOBAL Media has acquired a major stake in the Rabbit e-payment business from BTS Group Holdings, aiming to become an integrated provider of ad-media services. (The Nation, 24/08/16)
WORK expects revenue to double, supported by high season and its theater business. It plans to increase its growth target to 10-15%. (Thun Hoon, 24/08/16)
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