Stocks in the news (acap, bkd, cpf, major, mint, mtls, pcsgh, prin, snc, ticon, tog, tpch, uac, vgi, wice) 13.05.16
ACAP
ACAP reported 1Q16 profit of Bt16mn, up 244%, after changing strategy to focus on major customers and get new ones. It targets loans of Bt2bn by end-2016. (Kao Hoon, 13/5/16)
BKD
BKD reported net profit of Bt16.59mn, growth of 27%. It plans to reverse doubtful account of Bt28mn and profit on a delayed project of more than Bt20mn in 3Q16. It plans to bid for work worth Bt1bn. (Kao Hoon, 13/5/16)
CPF
CPF expects sales to grow 10-15% in 2016. It reported 1Q16 profit of Bt3.76bn, growth of 27% and revenue of Bt105bn, up 10%. It has an investment budget of Bt10bn. It plans to issue a debenture worth Bt10bn in 2H16. (Kao Hoon, 13/5/16)
Comment: A main reason for the market performing well recently, its GPMs were 400 bps higher than most analysts forecasts
MAJOR
MAJOR expects revenue and profit target growth of 10% in 2016. It expects 2Q16 will be new high. It will report 1Q16 earnings today. It has budgeted Bt1bn to add 100 movie screens in Thailand and abroad. (Kao Hoon, 13/5/16)
MINT
MINT reported 1Q16 profit of Bt3.57bn or growth of 66% supported by booking extra item plus an uptrend in its food and hotel business. (Kao Hoon, 13/5/16)
Comment: It’s just incredible that they have been able to grow this well despite being @ a higher base each and every year
MTLS
MTLS expects 2Q16 revenue and profit will be good and better than 1Q16. It maintains its 2016 target growth of more than 50%, but expects bad debt to go over 1%. It plans to invest abroad. (Kao Hoon, 13/5/16)
Comment: Given that every other finco has high NPLs it is rather surprising that SAWAD and MTLS have so far been “immune” to this, or perhaps its just very good accounting…
PCSGH
PCSGH is confident that business in 2Q16 will continue to expand after getting two new orders. It plans to expand its customer base. It is preparing to begin the sale of electricity from solar rooftop in June and expects this to reduce cost by Bt20mn. (Thun Hoon, 13/5/16)
PRIN
PRIN reports 1Q16 net profit of Bt43.46mn an increase of 5,265% supported by government stimulus package. It is confident that 2016 revenue will hit its target of Bt2.9bn. (Kao Hoon, 13/5/16)
SNC
SNC expects 2016 net profit of more than Bt409mn after it moved its factory to reduce transportation cost. It expects parts production to grow 10-15%, which will lift net profit over 5%. It has investment budget of Bt600mn to buy machines. (Kao Hoon, 13/5/16)
TICON
TICON reported 1Q16 profit of Bt256mn after booking revenue from the sale of assets to an REIT and extended depreciation from 20 years to 30 years. This will reduce SG&A. (Kao Hoon, 13/5/16)
Comment: Well thats one way to improve your earnings, increase the depre period…
TOG
TOG plans to negotiate with a partner in Indonesia, Philippines and Myanmar to expand to AEC. Its new factory will start operating in 4Q16. Its 1Q16 hit target growth of 73% and sales increased Bt523.32mn thanks to the growth in premium lens. (Thun Hoon, 13/5/16)
Comment: A former darling that has somehow reawakened.
TPCH
TPCH reported 1Q16 net profit of Bt31mn, an increase of 2,217% from 2015 after Mae Wong Energy began to sell electricity. It is confident 2016 revenue will grow 150%. (Kao Hoon, 13/5/16)
Comment: The only question for TPCH is when can get acquire more PPAs?
UAC
UAC expects PPP to run at full capacity this year and expects it to bring revenue of Bt200mn. It expects 2016 revenue to reach Bt1.8bn. (Kao Hoon, 13/5/16)
VGI
VGI has turned around. It targets revenue growth of 50% supported by booking revenue from MACO and continued growth in outdoor media. It expects net profit of Bt940mn in 2016. It will pay a dividend of Bt0.06/share, XD on July 11. (Kao Hoon, 13/5/16)
WICE
WICE collaborate with Chinese partner to expand logistics both in Thailand and China. It has budgeted Bt40mn to buy trucks and trailers. It is confident that 2016 revenue will reach Bt850mn, growing 20% from 2015. (Thun Hoon, 13/5/16)