Stocks in the news (abm, biz, dimet, grammy, rml, scb, seafco, spali) 20.04.18
ABM
ABM said 2Q18 earnings are expected to be strong, driven by a lot of orders. It expects sales in the quarter to surge 30%, reaching Bt22bn/month from 1.4-1.5 Million tons/month. (Khao Hoon, 20/4/18)
BIZ
BIZ’s shareholders approve dividend of Bt0.08/share. The payment date is May 9. It has current backlog of Bt1.46bn, with recognition through 2020. (Khao Hoon, 20/4/18)
DIMET
DIMET’s board approves buying 14% of IGE for Bt181mn. It its making a cash call via a rights offering. (Khao Hoon, 20/4/18)
GRAMMY
GRAMMY is cooperating with Netflix to send 700 hours of Thai series to be broadcast via Netflix, reaching 125mn people around the world. (Khao Hoon, 20/4/18)
RML
RML is working with a Japanese partner, Tokyo Tatemono, to launch two high-end condos valued at Bt9.1bn, lifting revenue to Bt10-12bn in the next five years. (Khao Hoon, 20/4/18)
Comment: Another japanese developer entering into the property market, what is the old saying?
SCB
SCB posted 1Q18 earnings of Bt11.4bn, -4.6%YoY due to higher marketing cost to acquire new customers, especially on the digital platform. (IQ Biz, 20/4/18)
Comment: And it’s not going to look any better for the rest of the year
SEAFCO
SEAFCO got four big new projects valued at Bt1.2bn, lifting current backlog to Bt3.7bn. It expects to book Bt2.5bn in revenue this year, targeting revenue growth of 25%. It is planning to acquire new projects worth Bt5-6bn. (Thun Hoon, 20/4/18)
Comment: And yet its valued as if they’ll win some and book some THB 10 bn of revenue this year.
SPALI
SPALI said 1Q18 sales reached Bt8.8bn, +17%. Supalai Essence Ladprao contributed Bt400mn of sales. It plans to launch new projects in 2Q18. (Khao Hoon, 20/4/18)
Comment: I’m continuously impressed by this company’s ability to keep performing year in year out.