Stocks in the news (age, bjc, bpp, ck, ktb, planb, sappe, syntec, ttcl) 30.10.17
AGE
AGE says The logistics and warehouse service business has a good outlook next year, as it expects to receive Bt500mn revenue. It plans to close the deal to set up a joint venture with a Chinese partner in 2017 and raise revenue proportion from overseas to 20%. It also expects revenue to grow by 30% in 2018. (Thun Hoon, 30/10/17)
Comment: The smaller coal names have moved quite substantially in the past month, AGE included
BJC
BJC is expected to report 3Q17 normalized profit of Bt1.356bn, growing by 204%, backed by recovery and return to growth for all of its businesses plus a drop in interest expense . (Thun Hoon, 30/10/17)
Comment: Similar story financially to CPALL when they purchased Makro, I’m still wondering how the competition between BIGC and Tesco is playing out.
BPP
BPP signed a hiring management contract with BANPU for 2 years, worth Bt288mn after the contract expired in September. It hopes to receive word on the results of the purchase of a power plant in Japan in November. It reported electricity sales in 1H17 of 2057 MW. (Thun Hoon, 30/10/17)
CK
CK is issuing bonds worth Bt2bn with interest rate of 3.34% which will be offered to big investors on November 1-2. It plans to use the funds to strengthen its business and for future investment. (Thun Hoon, 30/10/17)
KTB
KTB is trying to increase retail loan growth to reach target of 4-5% as it believes economy in 4Q17 will be supportive. It also says that mutual fund sales and bancassurance are still growing well and targets mutual fund sales growth of at least 40% and bancassurance growth of at least 16.7%. (Khao Hoo n, 30/10/17)
Comment: Could this be the turnaround bank for 2018?
PLANB
PLANB is progressing on its digital business overseas, it is negotiating with a new Malaysian partner and expects to raise utilization rate on billboards in overseas market. It expects revenue will grow 10-15% as targeted, as the outlook in 4Q17 is favorable in tandem with its high season. (Thun Hoon, 30/10/17)
SAPPE
SAPPE signals favorable earnings growth this year and believes revenue will grow by 10% as targeted this year, it as spends on marketing to stimulate sales. It plans to continuously launch new products and increase distributors overseas. It also plans to move its factory in Bang Chun to the Klong 13 factory. (Thun Hoon, 30/10/17)
SYNTEC
SYNTEC is waiting for the result of bidding for 10 projects, worth Bt10bn, of which 1-2 projects is expected to announce the result in this 4Q17. It also expects 2017 revenue to reach Bt8.5bn as targeted. It currently has backlog of Bt12bn and plan to bid for more utility system installation projects. (Thun Hoon, 30/10/17)
TTCL
TTCL signed the joint venture contract in coal power plant in Myanmar, worth 98bn, increasing its backlog to Bt113bn and it plans to start the project in the early 2018. It is also in the process to bid for new projects, worth Bt130bn. (Thun Hoon, 30/10/17)