Stocks in the news (advanc, ah, big, cimbt, kbank, ktb, malee, mti, ptg, pttep, scc, tmb, vgi) 20.07.17
ADVANC
ADVANC to invest Bt2bn in customer care. Serenade customers are targeted to hit 4mn within 2017 from 3.5mn now. (Khao Hoon, 20/7/17)
AH
AH sold shares in its joint venture “Quantum Inventions Pte Ltd” to Continental for SGD9.25mn. This could be booked as extra gains in 3Q17. It targets 2017 revenue growth at 5%. (Thun Hoon, 20/7/17)
Comment: Cleaning up their #’s and holdings? With this and the m&a with the Indian play could things finally be occurring at this sleepy player?
BIG
BIG is certain that 2H17 performance will grow from expansion of its printing business to boost margin. It is now adding more Big Camera stores. It expects 2017 sales growth of 20% as targeted. (Thun Hoon, 20/7/17)
Comment: Nope, not happening at the moment, hence why their stock price is in the process of resembling an xmas tree at the moment.
CIMBT
CIMBT posted 2Q17 earnings of Bt357mn or +815%YoY. The 1H17 earnings grew +30.2%YoY. NPLs reduced from 6.1% in 2016 to 5.4% now. (Khao Hoon, 20/7/17)
KBANK
KBANK posted 2Q17 earnings of Bt8.99bn (EPS Bt3.75) compared to Bt9.43bn (EPS Bt3.94) in the same period of last year. (IQ Biz, SCBS 20/7/17)
KTB
KTB posted 2Q17 earnings of Bt3.22bn (EPS Bt0.23), compared to Bt8.69bn (EPS Bt0.62) in the same period of last year. (IQ Biz, SCBS 20/7/17)
MALEE
LISTED fruit juice producer Malee Group will spend Bt1 billion over the coming year on a restructuring aimed at putting it on the path to becoming a health-focused global food and beverage company while reaching sales of Bt10 billion in 2018, chief operating officer Roongchat Boonyarat said. (Bangkok Post, 20/7/17)
Comment: Simple story here, no growth this year, growth returns to 20% p.a. next year, note: as long as the coconut water market is still going gangbusters
MTI
MTI targets 2017 growth of 8%. The 1H17 saw premium growth of 12% with total assets of Bt400bn. It is launching “Premium Health Solution”. (Khao Hoon, 20/7/17)
PTG
PTG will invest Bt205mn via subsidiary PUN into “G F A Corporation”, an F&B business, in order to support non-oil business. (Khao Hoon, 20/7/17)
Comment: Coffeeewworldddd
PTTEP
PTTEP quits Natuna. SET-listed PTT Exploration and Production Plc (PTTEP), Thailand’s only upstream petroleum firm, has quit the East Natuna gas exploration project after finding it no longer worth the commercial investment, according to a company statement released yesterday. (Bangkok Post, 20/7/17)
SCC
SCC to invest Bt6bn per year in R&D to develop innovation. It just launched Open Innovation Center to build system and enhance products and services. (Thun Hoon, 20/7/17)
TMB
TMB posted 2Q17 earnings of Bt2.3bn or 11% growth, driven by fees from bancassurance business. It expects 2017 earnings to be +12% or reach Bt9.25bn. (Thun Hoon, 20/7/17)
VGI
VGI to list subsidiary “Rabbit Insurance Broker Company Limited”, in which it holds 50%, in 2021. (Khao Hoon, 20/7/17)