Names today: DCC, EPG, GLOBAL, GOLD, KOOL, MTLS, MSC, NOK, PTG, SC, SIRI, TFD

DCC
DCC’s board has approved 3Q15 interim dividend of Bt0.042/share, XD on Nov 6. It reported 3Q15 net profit of Bt275mn. (Khao Hoon, 27/10/15)
Comment: DCC’s revenues have taken a slight hit and despite their margin improvements, things still don’t look rosy for the company just yet

EPG
EPG expects 2QFY16 net profit to grow 50% from 2QFY15’s Bt148.05mn backed by numerous orders and cost control. (Thun Hoon, 27/10/15)
Comment: Just impressive numbers coming out of this niche player

GLOBAL
GLOBAL expects 2015 net profit of Bt1bn backed by Bt20bn in sales at local branches brought by government stimulus measures. It says there are a lot of orders from Laos. It plans to expand to Vietnam and Cambodia, with a decision made in 2016. (Thun Hoon, 27/10/15)
Comment: We still don’t quite understand why this company is so well loved nor why Siam Cement Group decided to buy a stake in it

GOLD
GOLD maintains 2015 revenue of Bt8bn backed by Bt3bn backlog. It expects presales to be higher than Bt10bn. It plans to launch seven projects valued at Bt8bn by the end of this year. It plans to set up a Bt10bn REIT by 2016. (Thun Hoon, 27/10/15)

KOOL
KOOL is talking to a prospective partner to take Bt100mn in orders. It plans to cooperate with a listed company to expand to lower end markets. It expects 2016 revenue growth of 40%. It plans to introduce new products. (Thun Hoon, 27/10/15)

MTLS
MTLS expects 4Q15 loans to be peak. It expects 2015 loans to achieve Bt19bn. It expects loan growth of above 50%. It plans to open 490 new branches, with a focus on the northeast and south. It targets 1,800 branches. (Thun Hoon, 27/10/15)
Comment: They are still planning to grow 50% p.a. for the next 3 years.

MSC
MSC expects to benefit from IT structural changes. It is focusing on existing customers and expects to broaden its client base. It expects to reach total customers of 10,000-15,000. 3Q15 net profit is expected to be peak, backed by seasonality. It expects 2015 net profit to be the best in 2-3 years. It expects 2016 net profit to mark a new high. (Thun Hoon, 27/10/15)

NOK
US investors are interested in buying NOK shares because of its strong fundamentals and benefit from AEC. It expects the purchase to conclude soon. It will invest with Air Black Box Asia Pacific Pte. Ltd. It expects 2015 revenue to grow 12% on high demand. (Thun Hoon, 27/10/15)

PTG
PTG targets a 100MW power plant within three years. Its subsidiary will sign an MoU for three power plants (25MW), expected to be finalized by the end of this year. It expects 2015 revenue growth of 6% thanks to increased demand generated by government stimulus measures. (Thun Hoon, 27/10/15)
Comment: A perfect example of how a company grows its existing business and then utilises its balance sheet to expand into other areas that should in theory provide a decent recurring income

SC
SC expects 2015 revenue to achieve 10% growth as targeted on the back of transfers in 4Q15. It expects to benefit from property stimulus measures. (Thun Hoon, 27/10/15)

SIRI
SIRI expects 2015 presales of Bt33bn after Bt25bn in the first tenth months of the year. It expects property incentives to increase demand. It plans to open nine projects valued at Bt18.6bn this year. It says The Line Ratchetewi project was sold out on the first day. (Thun Hoon, 27/10/15)

TFD
TFD expects 2016 revenue to turn around after the zoning for 2,200 rai of land in IE Phase 2 was changed from “green” to “purple”, meaning it can be developed. This doubled its assets and cut D/E ratio from 3.74X. It plans to sell this land for Bt19.8bn. It targets 600 rai to be sold in 2016 at Bt5.4bn with a portion expected to transferred by the end of this year. (Thun Hoon, 27/10/15)