Stocks in the news (abc, apco, arrow, bem, ccn, ea, hmpro, l&e, ori, pttep, tae, tpipl, twpc, umi, uv, vgi) 07.03.17
ABC
ABC plans to invest in WeChat Pay project, a mobile payment application for Chinese tourists. It expects this to contribute revenue of Bt1bn/month. It plans to partner with department stores and is looking for other partners as well. (Kao Hoon, 07/03/17)
Comment: Where does the news get these magical #’s from?
APCO
APCO targets 2017 revenue growth of 20% by focusing on online channels. It expects to be traded on the SET in April, which it expects will increase foreign holders. (Kao Hoon, 07/03/17)
ARROW
ARROW expects 2017 performance to mark a record high. It expects revenue to grow 15% to Bt1.6bn boosted by infrastructure investment and underground cable removal projects. It is studying to set up underground conduits in Vietnam, Myanmar, and the Philippines. (Kao Hoon, 07/03/17)
Comment: This company has continually outperformed all of my expectations.
BEM
BEM expects the cabinet to approve the contract for the Blue Line extension on Mar 9. It expects this to add riders and thus revenue. It expects to book revenue from operating MRT Purple Line and Sri-Rat outer ring expressway. (Thun Hoon, 07/03/17)
CCN
CCN expects 1Q17 performance to be good on high-margin projects and revenue contribution from Thai Post projects. Its backlog is Bt400mn. It plans to take part in Bt100mn upcoming bids. (Thun Hoon, 07/03/17)
EA
EA started up 36MW Haad Ganghan wind power plant and expects to book revenue in 1Q17. It plans to operate another 90MW within 1H17. It expects this to boost 2017 total capacity to 404MW. (Kao Hoon, 07/03/17)
Comment: The Sor Por Kor rubbish is still a hangover on EA & Demco.
HMPRO
HMPRO targets 2017 revenue growth of 8-12%. It expects the Mar 17-26 Homepro Expro to contribute sales of Bt500-600mn. It is budgeting Bt6-7bn to add 7-10 stores both at home and abroad. (Kao Hoon, 07/03/17)
L&E
L&E targets 2016 revenue to grow 15% with backlog of Bt900mn, which expects to book this year. It plans to expand to CLMV and expects this to contribute strong revenue. (Kao Hoon, 07/03/17)
ORI
ORI expects 1Q17 presales to hit Bt1bn brought by recovery in the economy and in purchasing power. It plans to launch a condo (Nothing Hill Sukhumvit 55), valued at Bt2.35bn, on Mar 25. (Kao Hoon, 07/03/17)
PTTEP
PTTEP has agreed to invest in Myanmar MD-7 with Total E&P Myanmar (TOTAL). It expects this to balance its risk and expects TOTAL’s expertise in petrochemicals to enhance the value of the project. (Thun Hoon, 07/03/1 7)
TAE
TAE expects 1Q17 performance to be good on seasonally high ethanol price. It targets 2017 revenue growth of 10% on high demand. It has budgeted Bt100mn to acquire new machines, which it expects will lower cost. It expects to get numerous orders from the government’s policy for gasohol 91. (Thun Hoon, 07/03/17)
TPIPL
TPIPL reported 2016 net profit of Bt1.8bn, up 270%, on the back of 80MW RDF power plants. It expects 2017 performance to continue to grow. It expects 290MW in power plants to operate within this year. (Kao Hoon, 07/03/17)
Comment: And the IPO of TPIPP is going ahead
TWPC
TWPC targets 2019 revenue to reach Bt10bn. It is budgeting Bt2bn to increase capacity and for the acquisition and investment in new projects. It expects revenue from CLMV to comprise 30% within 3-5 years. (Kao Hoon, 07/03/17)
Comment: A boring steady grower.
UMI
UMI reported 2016 net profit of Bt142mn. It plans to launch products for property projects as well as innovative products for CLMV. It will pay a dividend of Bt0.085/share. (Thun Hoon, 07/03/17)
UV
UV targets 2017 revenue growth of 15% with backlog of Bt3.2bn. It plans to launch four condos worth Bt5.8bn. It also plans to launch 21 low-rise projects valued at Bt21bn. (Kao Hoon, 07/03/17)
VGI
VGI invested in the media business in Malaysia. It expects to set up ad media on MRT in Malaysia in 2Q17. It expects this to reach breakeven point within 2018. (Thun Hoon, 07/03/17)