Stocks in the news (abc, advanc, bch, bcp, cpf, csl, daii, epco, kiat, lph, prin, qlt, samco, smart, stnaly, susco, thcom, tmt, tvt) 21.02.17
ABC
ABC plans to launch E-Payment service via WeChat Pay. It intends for this to be a payment application for Chinese tourists. It plans to partner with 10,000 stores. It expects this to contribute revenue of at least Bt1bn/month. (Kao Hoon, 21/02/17)
Comment: Right…but then their actual revenue from this may only 1-3%? This company continues to amuse me, one of these days I’m going to have to find all of the ridiculous headlines that have come out of ABC
ADVANC
ADVANC targets 2017 revenue growth of 4-5%, exceeding the industry’s projected growth of 3%. It expects subscriber growth of 100% this year. It plans to focus on its broadband business, with a goal of 640,000 subscribers by the end of this year. (Kao Hoon, 21/02/17)
BCH
BCH expects to turn in an outstanding performance this year after WMC reaches breakeven. It expects EBITDA turn positive, supported by benefit from higher spending per head for SSO patients. It plans to invest in two hospitals to increase its clientele. (Thun Hoon, 21/02/17)
Comment: It has taken them some 10 years to get WMC profitable, who wants to bet on their ability to get the other two new hospitals up and running profitably within 3-5 years?
BCP
BCP is budgeting Bt18.5bn for 2017 investment to expand its business. It targets EBITDA growth of 20% from higher capacity and higher GRM, with oil price expected to increase to US$50-60/bbl. It plans to open 100 service stations. (Thun Hoon, 21/ 02/17)
CPF
CPF plans to report 2016 earnings on Feb 24. It expects 2016 net profit of Bt16.5bn, up 49%. It plans to pay a dividend of Bt0.55/share. (Kao Hoon, 21/02/17)
CSL
CSL targets 2017 revenue to be close to 2016’s Bt2.91bn. It expects 100% occupancy rate for IDC Center Tower A by the end of this year. It plans to expand Internet coverage especially to condos, with a target of 20,000 subscribers at the end of this year. (Kao Hoon, 21/02/17)
DAII
DAII targets Bt4.5bn in property sales in 2017. It plans to launch three new projects under Nirvana brand with a total value of Bt8.5bn . (Kao Hoon, 21/02/17)
Comment: Now part of the Singha Real Estate Group.
EPCO
EPCO is talking to parties in the Philippines, Malaysia, and India with regards to investing in biomass power plants. It plans to list a subsidiary this year. It will use the funds to invest in the power business. It expects substantial growth this year to be fostered by revenue contribution from 350-400MW power generation. It expects to add 600MW power generation next year. (Thun Hoon, 21/02/17)
KIAT
KIAT expects to book Bt100mn in revenue from PTT’s project. It targets 2017 revenue to grow 10% from last year’s Bt838.1mn. It took part in Bt100mn bids and expects the winner to be announced in 1Q17-2Q17. The board approved to increase capital by Bt2.5mn to cover the exercise of KIAT-W1 into 25mn shares. (Thun H oon, 21/02/17)
LPH
LPH expects 1H17 performance to be good on the back of new building assets. It expects 2017 revenue to grow 10%, brought by demand growth. It expects to benefit from more 50,000 SSO patients. This will push up its portfolio to 170,000 clients in 2018. (Thun Hoon, 21/02/17)
PRIN
PRIN reported 2016 net profit of Bt215.9mn, up 225.15%, with revenue of Bt3.03bn (+14.24%). Behind this is higher revenue and better cost management. (Kao Hoon, 21/02/17)
QLT
QLT will pay a dividend on 2H16 performance of Bt0.15/share, XD on Mar 3. The 57% fall in 2016 net profit to Bt44mn came from lower orders and price competition. (Kao Hoon, 21/02/17)
SAMCO
SAMCO targets revenue to reach Bt4bn within 2020 by launching three projects per year. It now has backlog of more than Bt1bn. It targets 2017 revenue to grow 10%. It plans to launch three projects with a value of Bt2.33bn. (Kao Hoon, 21/02/17)
SMART
SMART targets 2017 revenue growth of 5% to Bt330mn. It plans to expand its customer base both at home and overseas with the aim of raising export revenue by 3-4%. It plans to launch new products in the home decoration category. It reported a 2016 net loss of Bt36mn. (Kao Hoon, 21/02/17)
STANLY
STANLY plans to invest in CLMV. It is ready to negotiate with a party in Laos with an eye to increasing its manufacturing base. Its plant in Vietnam continues to get orders. It expects FY2017/2018 performance to be solid. (Thun Hoon, 21/02/17)
Comment: You’d be surprised by how consistent this company has been in the past decade, just look at the cash on their balance sheet!
SUSCO
SUSCO plans to focus on retail businesses. It expects to increase rental revenue by 200% within 2019. (Thun Hoon, 21/02/17)
Comment: PTG Part 2, looks like they’ve finally figured out how to expand the business.
THCOM
Thaicom Plc says it may ditch plans to launch the Thaicom 9 satellite if the government forces the country’s sole satellite service provider to pay extra charges above the current annual licence fee. (Bangkok Post, 21/02/17)
TMT
TMT announced 2016 net profit of Bt908mn, up 18% YoY. Its revenue grew by 7.75% to Bt12.46bn. Its board approved a dividend of Bt1.5/share, XD on Mar 3. (Kao Hoon, 21/02/17)
Comment: This has been one strange name for me over the past few years, a high dividend payer that every once in a while has a poor quarter that kills the stock price.
TVT
TVT will pay a dividend of Bt0.045/share, XD on Apr 28 despite the fall in 2016 net profit to Bt42mn (-3.76%) with revenue of Bt507mn. (Kao Hoon, 21/02/17)