Stocks in the news (abc, akr, aq, bjchi, ccp, css, earth, ihl, jas, ldc, mc, pttgc, match, mpg, robins, rojna, rs, sappe, samtel, singer, thai, xo) 26.08.14
ABC
ABC placed on SP after hitting ceiling for six consecutive trading days. The share price shot up Bt18.20 to Bt82 in just six days. (Post Today, 26/08/14)
Comment: Well at least the SEC acted.
AKR
AKR to expand into EPC after the NCPO emphasized alternative energy. (Thun Hoon, 26/08/14)
AQ
AQ to expand into real estate following a cash fall of Bt652mn. Management said it targets revenue of Bt3bn this year, or 30% growth. (Thun Hoon, 26/08/14)
Comment: Issue is the same with every small real estate co, how will they manage their earnings over time?
BJCHI
BJCHI: 15% revenue growth on current backlog of Bt5bn. Management said it will acquire a portion of Aus Com, an Australian company, to tap into mining clients. (Kao Hoon, 26/08/14)
Comment: It’s a simple story for BJCHI, the global LPNG is booming, thai based contractors can beat almost every other contractor in the world based on price/value
CCP
CCP will have a strong 3Q14 thanks to the one-time gain from listing of subsidiary SMART on mai in September. (Kao Hoon, 26/08/14)
CSS
CSS expects QoQ growth in 3Q14 even after the strong 2Q14. Its backlog is at Bt2.3bn with more work likely to come from DTAC. Management said that it is looking into expanding into solar EPC business. (Thun Hoon, 26/08/14)
Comment: Another one going into solar!
EARTH
EARTH borrows another US$80mn from KTB to acquire a new coal mine. It maintains its sales target of 9mn tonnes of coal in 2014. (Kao Hoon, 26/08/14)
Comment: Their constant growth is just amazing.
IHL
IHL expects strong 2H14 with its shoe-making business to contribute in 4Q14. Management says revenue in 2014 will be in line with target at Bt2.2-2.3bn despite the weak domestic auto industry. (Thun Hoon, 26/08/14)
JAS
Still one suit pending — JAS will have to wait until September for a decision on the case between it and TT&T over one of its assets. TT&T is filing an injection against an asset claimed by JAS. (Post Today, 26/08/14)
Comment: And this will continue to allow the share price to decline, I still don’t see its infrastructure fund ever coming to fruitation
LDC
LDC IPO priced at Bt1.50 per share. Subscription will run from August 26-28. It is selling 120mn shares, generating Bt180mn in capital. (Kao Hoon, 26/08/14)
Comment: Another small IPO!
MC
MC sure demand will recover in 2H14 as consumption returns. Management expects sales revenue to grow at least 25%. MC is also in the process of acquiring a company at a cost of Bt500mn. (Kao Hoon, 26/08/14)
Comment: I still have my doubts over MC’s organic growth, every bit of growth for them has to come via acquisitions and expansions.
PTTGC
PTTGC to invest Bt135bn over next 5 years, funded by retain cash and debt. The management expects spread to improve in 2Q14. (Thai Post, 26/08/14)
MATCH
MATCH: 2014 net profit may slip. However, the company remains confident that 2H14 will improve from 1H14. Management said it will seek shareholder approval to buy land to build a new studio at the next shareholders meeting. (Kao Hoon, 26/08/14)
MPG
MPG expects improvement in 2H14. Management will continue to expand the Gizman brand and maintains it revenue target growth of 15-20%. (Thun Hoon, 26/08/14)
ROBINS
ROBINS will invest over Bt400mn to promote sales in 2H14. It said it will add six more branches next year. (Kao Hoon, 26/08/14)
ROJNA
ROJANA sells 1,600 rai to Honda. This will boost revenue in 3Q14. It expects 3Q14 revenue to be the year’s high. Solar projects are operating a full capacity and these will contribute revenue starting in 3Q14. (Kao Hoon, 26/08/14)
RS
RS to book Bt309mn from World Cup rights in 3Q14. This will lead to a QoQ doubling in profit in 3Q14. Management said Channel 8 is going strong with more ad revenue because of its strong ratings. (Thun Hoon, 26/08/14)
SAPPE
SAPPE expects record sales in 3Q14. It forecasts net profit growth of 25-30% in 2014 after a new factory became fully operational. (Kao Hoon, 26/08/14)
Comment: I call this the mini-Ichitan or mini-oishi.
SAMTEL
SAMTEL expects strong 3Q14 with 35% growth. Management is confident that it will achieve a backlog of Bt10bn this year. (Thun Hoon, 26/08/14)
Comment: Similar to AIT, business will undoubtedly improve with a government in place.
SINGER
SINGER cuts revenue target 5-10% in response to the political clouds. However, management is confident that NPLs will not exceed 5.5% despite the unfavourable economic condition. SINGER has a plan to spent Bt400-500mn on an M&A. (Thai Post, 26/08/14)
Comment: Is this going to be the end of growth for SINGER? They’ve done incredible well since 2009 when they improved management and its overall business strategy, the past 2 years have seen them use their distribution channels very well with new product lines, but is the market that they target tapped out?
THAI
Gen Prayuth to pump liquidity into THAI through Bt20bn loan. The acting deputy director said he is confident that THAI will not generate a loss of more than Bt1.2bn. (Kao Hoon, 26/08/14)
Comment: More loans for Thai? Just do a recap already!
XO
Price shoots up on first day of trade — On the first day of trade on mai, Exotic Foods shot up 102.73% above its IPO price to a level the FA said reflects fundamentals. The company is confident that it can achieve a growth of 25% this year. (Krungtep Thurakij, 26/08/14)