Stocks in the news (af, alla, anan, big, biz, bwg, cho, coman, dcc, erw, esso, jts,mdx, spali, sricha, wice) 01.11.16
AF
AF expects 2016 revenue to grow from last year. It plans to provide loans to companies that are listed on mai. It reported 6M16 net profit of Bt25mn. It plans to broaden its customer base and provide loans to factories. (Thun Hoon, 01/11/16)
ALLA
ALLA is confident that it has strong fundamentals and expects to turn around. It expects a good response to its IPO; subscription date is set for Oct 31-Nov 2, priced at Bt2.88. It will trade on the SET on Nov 8. (Thun Hoon, 01/11/16)
Comment: Same story as before a small cap listing, if you can get shares it’ll do well
ANAN
ANAN expects 4Q16 performance to be better than 3Q16’s because of seasonality and its backlog. It plans to ask approval from its board to revise up in its new project launches next year from Bt40bn, which can cover revenue to 2018. It expects approval in 4Q16. It is maintaining its 2016 revenue target of Bt15.6bn, backed by transfers. (Thun Hoon, 01/11/16)
Comment: And they just acquired a leasehold on a piece of land in ratchada. Wonder what they are going to be developing there.
BIG
BIG expects 4Q16 earnings to be robust on seasonality as camera makers launch new products. It expects 2016 revenue to grow 15-20%. It plans to expand in all business units: camera, mobile, and printing. (Kao Hoon, 01/11/16)
BIZ
BIZ expects 3Q16 earnings to be good brought by Bt270mn in transfers. It expects 2H16 performance to be better than 1H16. It expects 2016 revenue to grow 50-60% with Bt700mn backlog. It plans to set up a cancer center and is interested in investing in medical equipment for the aged. (Kao Hoon, 01/11/16)
BWG
BWG invested Bt12.49mn via a subsidiary to acquire the shares of Recovery House Co., Ltd. and voted to increase capital for Earth Tech Environment Co., Ltd. This gives the company 15.4MW PPA of waste power plants from the latest PPA. (Thun Hoon, 01/11/16)
Comment: And thats how they were able to acquire some 8.5 MW instead of the 3MW that the news reported.
CHO
CHO got a Bt230mn project for 192 trucks. It expects this to support 2016 revenue to grow 10% as targeted. It plans to take part in NGV and electric bus bids (BMTA project) as well as private and public projects. (Thun Hoon, 01/11/16)
COMAN
COMAN IPO has been set at Bt7.8, with subscription on Nov 2-4. It expects to trade on mai on Nov 11. (Thun Hoon, 01/11/16)
Comment: 🙂
DCC
DCC reported 3Q16 net profit of Bt316.44 or growth of 15%, bringing 9M16 profit to Bt1.11bn, growth of 8.8% YoY. It plans to pay an interim dividend of Bt0.036/share, XD on Nov 11. It expects 2016 earnings to be good. It has budgeted Bt240mn to increase capacity to support orders and plans to set up a branch in Myanmar. (Thun Hoon, 01/11/16)
ERW
ERW expects 4Q16 performance to outstanding thanks to higher occupancy rate. It expects 2016 revenue growth of 10% on positive tourism outlook. It plans to expand HOP Inn in Thailand and the Philippines to boost revenue. (Thun Hoon, 01/11/16)
Comment: Again the only key story here is when is that REIT happening?
ESSO
ESSO expects 2016 oil sales to grow 5% on high demand created by lower oil price. (Thun Hoon, 01/11/16)
JTS
SEC asked JTS board to declare its interim dividend after the major shareholder of JAS made a tender offer, because this is expected to impact share price. (Kao Hoon, 01/11/16)
MDX
MDX expects to write-off retained loss of Bt2.1bn in 2017. A big customer is negotiating to buy land. It expects progress in setting up its 1,000-rai industrial estate. In 2015, a big electronics company plans to set up a factory worth Bt1.08bn in Thailand at Gateway City Industrial Estate. (Thun Hoon, 01/11/16)
SPALI
SPALI plans to launch new projects worth no less than Bt34-35bn next year with some pushed from 2016. It expects presales of no less than Bt6bn in 4Q16 after it recording 9M16 presales of Bt18bn. (Thun Hoon, 01/11/16)
SRICHA
SRICHA has strong fundamentals, low D/E and high yield of 10-11%. It plans to bid for a new job abroad worth Bt10bn. It got a job from IRPC worth Bt543mn in early 2016 which will expand its backlog. (Thun Hoon, 01/11/16)
WICE
WICE expects 2016 revenue to grow 35-40%, higher than its target of 20%. Behind this is revenue recognition from SUN Express Logistics in 3Q16. It plans to sign a contract for warehouse management in Nov which will drive revenue next tear. It expects to complete 1-2 transactions for a JV with foreign partners in 2017. (Thun Hoon, 01/11/16)