Stocks in the news (aav, aeonts, aq, bmcl, brr, centel, color, eason, ee, gunkul, hmpro, mcs, ndr, perm, rwi, salee, sat, sim, sithai, thana, vng) 13.07.15
AAV
AAV has no impact from China stock market woes. It is ready to open four new routes from U-Tapao and Don Muang to various cities China in 4Q15. It is confident that 2H15 will be robust supported by a 14.5mn passengers. (Kao Hoon, 13/7/15)
Comment: The stock market in China naturally doesn’t have any impact on AAV’s earnings.
AEONTS
AEONTS expects loan growth of 8-10% in 2015 even though 1H15 was slow. In the 2H15 the outlook is better as the economy improves. (Kao Hoon, 13/7/15)
Comment: AEONTS was typically one of the stalwarts that consistently grew year in year out, that is until this year of course. Could they turnaround this year? Doubt it. But still a nicely conservatively run business here.
AQ
AQ has backlog of Bt2bn. It expects to launch 4-5 low-rise projects. It expects presales to hit its target of Bt2.5bn supported by presales of Bt2bn in 1H15. (Kao Hoon, 13/7/15)
Comment: Nice turnaround story, but its fully priced in.
BMCL
Blue line MRT – The company is hoping for good news from the Transport Ministry on the extension of its Blue Line MRT service after a long period of losses. (Kao Hoon, 13/7/15)
BRR
BRR expects to bid for a biomass power plant. The third plant is under construction and is expected to finish in 2016. (Kao Hoon, 13/7/15)
Comment: A naturally extension of its core business
CENTEL
CENTEL expects hotel revenue growth especially in Bangkok. It expects average occupancy rate of 75% in 2H15. (Kao Hoon, 13/7/15)
COLOR
COLOR expects to turn around this year and expects to pay a dividend. It expects the same profit in 2Q15 in 1Q15 at Bt10.19mn. (Kao Hoon, 13/7/15)
EASON
EASON expects 2015 revenue to be the same as 2014 as recovery in the automotive industry has been slow. It plans to expand its business to abroad to add revenue. (Kao Hoon, 13/7/15)
EE
EE expects to turn around in 2Q15 supported by cassava price recovery. It plans to negotiate a new energy project and expects to finish the deal soon. It expects to realize SSUT power plant revenue early next year. (Kao Hoon, 13/7/15)
GUNKUL
GUNKUL and subsidiary UCI Power got an 8 MW solar farm project from the Royal Thai Army. It expects to start construction in 1Q16 and operations in 2016. (Kao Hoon, 13/7/15)
Comment: Doesn’t hurt to have a link to the Royal Thai Army, joking aside, post the recap they now have the necessary balance sheet strength to continue on its investment spree
HMPRO
HMPRO opened a new branch in Phatthalung built at a cost of Bt285mn. It expects revenue of Bt28mn per month. (Kao Hoon, 13/7/15)
MCS
MCS expects 2015 revenue to beat its target of Bt3bn supported by more orders and a weak baht. It is negotiating with a partner and expects to finish the deal in 3Q15. (Kao Hoon, 13/7/15)
Comment: Great well-run company
NDR
NDR plans to go abroad to expand and expects revenue from foreign operations of up to 55-60% from 50% in 2014. Recently, it has orders from India worth Bt500mn and will begin product delivery in 3Q15. It expects 2015 revenue to hit its target of 10% growth. (Kao Hoon, 13/7/15)
PERM
PERM expects robust revenue in 2H15 supported by government mega projects. It is confident that revenue growth will achieve its target of 10%. (Kao Hoon, 13/7/15)
RWI
RWI and partner expect revenue of Bt20mn after they started exports to Laos. It is confident that it will have orders of more than Bt150mn. (Kao Hoon, 13/7/15)
SALEE
SALEE decreased revenue target to Bt1.1bn, the same as 2014, and maintains net margin at no less than 30%. It plans to expand to plastic packaging customers in 2016 and expects revenue of Bt30-40mn. (Kao Hoon, 13/7/15)
SAT
SAT wins ‘Toyota Revo’ bid. 2H15 earnings will be superb in line with 5-7% earnings growth and sustainable margin of 17%. SAT’s growth will be the highest in the sector. (Kao Hoon, 13/7/15)
Comment: SAT is still an incredibly well run company in the auto manufacturing space, i have liked its expansion into the agri equipment, but still the firm has naturally been hurt by the decline in auto sales
SIM
SIM to list I-SPORT on mai, issuing 4mn new shares for the IPO. SIM’s shareholders will be given 1mn shares. I-SPORT will begin trading in 2Q16. (Kao Hoon, 13/7/15)
Comment: SAMART is damn clever in continually listing all of its companies
SITHAI
New business in Jakarta – The company said it will reach the target sales of Bt11bn this year. Management also said the company, with its Indonesian partner, will set up a food packaging company in Jakarta to support revenue. (Kao Hoon, 13/7/15)
THANA
Improvement in 2Q – The company expects a profit turnaround in 2Q15. The company also has pending sales of Bt120mn, which will be booked as revenue in 2H15. The company will open 2 new projects worth Bt850mn later this year. (Kao Hoon, 13/7/15)
VNG
VNG will invest Bt700-800mn in a 9.9MW biomass power plant. Management said 2Q15 results will be impressive, pushed by soft baht and an increase in sales, helping to reach 20% revenue growth this year. (Kao Hoon, 13/7/15)
Mike
Hi Pon
What do you think of EGATIF?
Worth a punt?
Mike
Pon
No idea, but a quick search gave me this, http://egatif.listedcompany.com/newsroom/100720151358540536E.pdf
happy reading!
Mike
Thanks, Pon. It’s a tasty dividend but I’m not sure if they’ll slash it after 12 months or not.