Stocks in the news (aot, beauty, chewa, ivl, nch, nwr, pttgc, ratch, samart, sithai, smart, ticon, tks, tsf, auct) 13.09.16

AOT opening bidding for four contracts for Suvarnabhumi Phase ll. It expects to solicit bids for two contracts this year and will sell the bidding documents in October. It expects to raise its passenger capacity to 60mn passengers per year from 45mn passengers per year now. (Thun Hoon, 13/09/16)
Comment: Having just returned from JKT on the late night flight you can see both the arrival and departure halls bustling with passengers. I would be surprised to see capacity issues hitting AOT within the next 12 months 
BEAUTY expects 3Q16 earnings to be good, supported by more demand. It expects 2016 revenue to grow no less than 20% from Bt1.79bn in 2015. There is progress in talks regarding distributors in Hong Kong and Taiwan and it expects a decision in 4Q16. (Thun Hoon, 13/09/16)
CHEWA targets three-year revenue growth of 20% annually, supported by developing new projects and buying property projects that already have their EIA. It plans to launch its first lowrise project worth Bt500mn at the end of October. (Kao Hoon, 13/0 9/16)
Comment: Its an interesting smaller property developer. But as always with this business model, scalability is an issue
IVL has closed the deal for a JV with Dhunseri Petrochem Limited in India. This will lift PET capacity to 700K tons per year, making it India’s second-largest producer. (Thun Hoon, 13/09/16)
Comment: Another acquisition, he’s well on his way to catching up to Reliance, but is such a strategy necessarily good for minority equity shareholders?
NCH launches single-house project worth Bt680mn and has sold 24 units worth more than Bt78mn. (Kao Hoon, 13/09/16)

NWR is confident that 2016 earnings will turn to be profit even though it has cut its revenue growth target to 5% from 10-15% because of late booking of revenue from government projects. It has backlog of Bt15.16bn and plans to bid for more jobs worth Bt202.82bn. It expects 2017 revenue to grow 5-10%. (Kao Hoon, 13/09/16)
PTTGC expects to realize Bt900mn.revenue from subsidiary GGC. It plans to list GGC in 2017. (Thun Hoon, 13/09/16)
Ratch kicks off solar project in Australia – RATCHABURI Electricity Generating Holding has announced the development of its 42-megawatt Collinsville solar power station to be operated by its 80-per-cent-owned subsidiary Ratch-Australia Corporation (RAC). (The Nation, 13/09/16)
SAMART has good news from government support, as it will open more bids worth Bt25bn. It expects this to support 2H16 earnings. (Thun Hoon, 13/09/16)
Comment: Just 2 years ago this was the hot stock of the market, and this year its become the dog. A turnaround for 2017 perhaps?
SITHAI cuts 2016 sales to Bt9.8bn or growth of less than 1%, the lowest in four years due to economic slowdown and plastic price volatility. It targets 2017 sales growth of 5-6% supported by revenue from Vietnam and India. (Kao Hoon, 13/09/16)
SMART expects 2H16 earnings to be better than 1H16, supported by new production. It expects government investment to bring profit in 2016. It has set a three-year target of raising revenue from abroad to 5-6% from 4% now. (Thun Hoon, 13/09/16)
TICON plans to sell assets to an REIT (TREIT). This will add to 2H16 earnings. It has no plan to buy more land and is looking for a partner in Vietnam to generate revenue from abroad. It expects to make some decision this year. (Thun Hoon, 13/09/16)
TKS expects 2H16 earnings to be better than first half supported by its backlog of Bt500mn. It expects 2016 revenue to be stable from last year and has cut its target growth from 20%. It plans to expand to Myanmar, Laos and Cambodia, eventually raising revenue from these countries to 7-8%. (Kao Hoon, 13/09/16)
TSF investing jointly with AUCT to set up a new company “Action and Auction Co., Ltd.” to manage and develop quality of assets. It has a goal of auctioning 80,000 cars this year with revenue of Bt150mn per year. (Thun Hoon, 13/09/16)
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