Stocks in the news (acap, centel, chow, demco, epco, epg, ifec, jas, lh, ncl, nncl, plat, prin, rs, spali) 21.09.16
ACAP
ACAP raising loan target to Bt3.5bn from Bt2bn. There is progress in its plan to expand abroad and it expects to wind up a deal with two partners in Cambodia. It plans to issue a debenture worth Bt1bn with interest rate at 5.6%. The call center business continues to grow. (Thun Hoon, 21/09/16)
CENTEL
CENTEL expects 4Q16 to be good, supported by high season. It expects 2016 earnings to grow in line with growth in tourism. Recently, it agreed to join with PTT to study placing a hotel in service stations. (Thun Hoon, 21/09/16)
CHOW
CHOW expects 3Q16 earnings to be good and lead to growth in 2016 revenue and profit. It has Bt3.36bn in loans from EXIM Bank to invest in a 70MW solar farm in Japan. It plans to list CHOW Energy on mai this year. (Kao Hoon, 21/09/16)
Comment: Quite the development but not a surprise given their strategy
DEMCO
DEMCO won EGAT project worth Bt1bn which will expand its backlog to Bt8bn. It plans to bid for another new job. It expects 2016 revenue to grow 15% from last year supported by more jobs waiting to be booked. (Thun Hoon, 21/09/16)
Comment: Question is still how much more money will they lose from fixing those wind turbines? A gambling man may be willing to take a bet that 3Q could actually show a profit for the first time this year.
EPCO
EPCO plans to invest Bt2.6bn in two 360MW natural gas power plants. It is cancelling a plan to invest in a 15MW power plant in Japan as there has been no progress on the project. It plans to list EP on the SET next year. (Kao Hoon, 21/09/16)
EPG
EPG plans to expand to Asia and Europe and hopes to increase revenue from abroad to reach 65%. It expects 2016 revenue to reach target of Bt10bn, supported by customer expansion. (Thun Hoon, 21/09/16)
IFEC
IFEC has signed an MoU with MTEC to study wind-powered large battery storage. It has a five-year plan to lift wind power plant capacity to 1,000MW. (Thun Hoon, 21/09/16)
Comment: Their headlines are absolute comedy! “We are going to be become the largest in the world! Woooooooooooooooooo”
JAS
Pete’s JAS holding rises past 50% – THE SHAREHOLDING of Pete Bodharamik in Jasmine International has already risen to more than 50 per cent from 25.84 per cent after his offer on Monday to acquire JAS’s remaining shares and warrants. (The Nation, 21/09/16)
Comment: DTAC has already come out saying “no thank you”
LH
LH plans to launch 10-11 projects in total worth Bt20.5-21.5bn in 4Q16. It expects 2016 revenue to exceed Bt31.46bn on backlog of Bt18bn, of which it will book of more than Bt7bn this year. (Kao Hoon, 21/09/16)
NCL
NCL plans to expand to China, Hong Kong and Indonesia. It will put the proposal to its board this week. It expects 2016 earnings to turnaround with revenue growth of no less than 30%. (Thun Hoon, 21/09/16)
NNCL
NNCL expects 3Q16 earnings to be good supported by booking profit from the 125MW power plant at Navanakorn and sale of land to customers to set up factories. It expects 2016 to turn to profit with revenue growth of 20%. It expects to do Phase 2 in its power plant to add 50-60MW. (Thun Hoon, 21/09/16)
PLAT
PLAT has budgeted Bt80mn for “Talad Neo – Downtown Night Market” which will book revenue from December. (Kao Hoon, 21/09/16)
Comment: A small impact on their overall numbers. PLAT still start to look decent in 2018 should they keep to their forecasts.
PRIN
PRIN expects 2H16 earnings to grow and lift 2016 revenue to reach target of Bt2.9bn. It plans to open four new projects worth Bt2.45bn. It is holding an event to launch a new house style “CShape” on Sep 24-25. (Kao Hoon, 21/09/16)
RS
Channel 8 line-up to draw in audiences – SET-listed RS Plc has revitalised Channel 8, its digital TV channel, by adding early-hour prime-time programmes in an attempt to drive its audience base to 400,000 people per minute by the end of this year, from its current viewership of 350,000. (Bangkok Post, 21/09/16)
SPALI
SPALI plans to launch 11 new projects worth Bt17bn which will increase its backlog from Bt35bn. It is confident that 2016 earnings will hit target. (Thun Hoon, 21/09/16)