Stocks in the news (advanc, bgrim, bkd, egco, ever, fvc, irpc, spa, svi, thani, tta, vgi) 24.08.18
ADVANC
ADVANC has not yet decided whether to participate in the next 1800MHz auction. It will consider the bidding conditions first. It is interested in all spectrum auctions but must estimate return before a decision. (Kao Hoon, 24/8/18)
BGRIM
BGRIM says the location for BGPR1 and BGPR2 power plants has been decided. The two power plants with capacity of 240MW will be built at an industrial estate in Angtong after obtaining EGAT approval. It is confident that they will begin generating electricity as planned in 2021. It expects a decision on the renewal of contracts for three power plants, ABP1, ABP2 and BPLC in September. (Kao Hoon, 24/8/18)
Comment: It was never an issue for them depends the newsflow
BKD
BKD reports backlog of Bt2bn this year, a record high. It expects to book 50% of its backlog in 2H18. (Thun Hoon, 24/8/18)
EGCO
EGCO is dealing to acquire 2-3 business partners. The deal is expected to conclude this year. It is financially strong with cash of Bt30bn. It expects 3Q18 results will be better QoQ. It expects core profit growth of 6% this year. (Kao Hoon, 24/8/18)
EVER
EVER has set up a subsidiary, My Avenue, to develop horizontal property projects. The Politan Breeze condominium worth Bt1.9bn is expected to complete and transfer in September, supporting 2H18 earnings and a 2018 earnings turnaround. (Kao Hoon, 24/8/18)
FVC
FVC expects 4Q18 earnings to turn around after a 1H18 loss of Bt11.2mn. It expects 2H18 results to be better, supported by high season. It expects 2018 revenue growth of 15-20% to Bt800mn. Wuthisak clinics are expected to break even in 4Q18. (Thun Hoon, 24/8/18)
IRPC
IRPC expects 3Q18 earnings to grow QoQ as it will book Bt160mn extra gain from the sale of land. With regard to its partnership with WHA, it expects to finalize the M&A deal with a Japanese auto parts manufacturer by the end of this year. This deal will boost growth of special grade plastic sales and production capacity. (Thun Hoon, 24/8/18)
SPA
SPA will be benefit from high season of tourism in 2H18 as this will bring in more customers. It expects 2018 revenue growth of 25% and plans to add 7-8 spas this year. (Thun Hoon, 24/8/18)
SVI
SVI has raised its sales target to Bt15.8bn (from Bt14.5bn) supported by high season and new orders from the US. Factories in Laos and Slovakia are running at full capacity. Current backlog is Bt300mn, which will support its 2H18 results. It is in negotiations for acquisition of factories. (Thun Hoon, 24/8/18)
Comment: The narrative has very quickly changed for this name in the space of a few months. And now the CEO says they’ll hit USD 1 bn in revenue’s by 2020 because of their Mexico plant
THANI
THANI plans to issue corporate bonds worth Bt4-5bn to support new loan expansion. It expects loan growth of no less than 15% or more than Bt24bn this year. (Thun Hoon, 24/8/18)
Comment: And they’ve been able to maintain their amazing growth numbers despite the economic environment and b/c dividend payments are minimal without the need for an equity recap
TTA
TTA expects 2H18 results to be good supported by high season. Current backlog is US$165mn. It expects revenue growth of 10-15% to Bt16-18bn this year as freight rate is rising and none of its ships are undergoing maintenance. It is looking for business acquisition. (Kao Hoon, 24/8/18)
VGI
VGI will book revenue from Kerry in August after its acquisition. They plan to expend business together to raise revenue. It expects FY2018 revenue of Bt4.4-4.6bn with net profit margin of 20-25%. (Thun Hoon, 24/8/18)