Stocks in the news (ah, aira, akr, ap, btc, chuo, delta, iec, lit, modern, mcot, mtls, ptt, rich, sc, sena, snp, siri, spcg, symc, tasco, tta, tvt) 10.07.15
AH
AH expects 3Q15 to be good backed by new car models. It targets 5-10% revenue growth this year although 2Q15 profit is expected to be lower than 1Q15 on seasonality. It expects to conclude an acquisition in 4Q15. (Khao Hoon, 10/07/15)
AIRA
AIRA plans to expand into leasing and insurance in 2H15. It expects to start nano-finance scheme. AIRA shareholders approved a capital increase of 3,160mn shares. (Khao Hoon, 10/07/15)
Comment: AIRA in a way has been quite clever of diversifying as far away as possible from the brokerage business
AKR
AKR got a job from Royal Thai Army worth Bt480mn. Management is confident 2015 revenue will be good backed by electric transformer jobs. (Thun Hoon, 10/07/15)
Comment: Not a submarine purchase?
AP
AP plans to issue a debenture. The objective is pay down debt and for use as working capital. (Thun Hoon, 10/07/15)
BTC
BTC is talking to prospective Chinese partner to invest in alternative energy business. It plans to acquire more companies. It targets to have 50-100MW power plants. (Thun Hoon, 10/07/15)
CHUO
CHUO expects to show a net profit this year backed by adding clients. It got a Bt10bn job from Huawei. It expects to get a mega project worth Bt80mn. It is talking to a Japanese partner. It targets 10% revenue growth this year. (Thun Hoon, 10/07/15)
DELTA
DELTA expects 2H15 earnings of Bt2.76bn backed by the baht depreciation. It is confident 2015 revenue will grow 10% from last year. benefitting from a broader customer base. (Thun Hoon, 10/07/15)
IEC
IEC has set up a wholly-owned subsidiary, Advance Renewable Energy Development (Cambodia), with registered capital of US$10,000. It plans to bid jobs in Cambodia via this subsidiary. (Post Today, 10/07/15)
LIT
LIT targets loans of Bt50bn this year. It expects 3Q15 earnings to be a record high backed by accelerating government disbursement. It targets to buy debt of Bt3bn this year, after achieving Bt1.2bn for the first five months of the year. (Thun Hoon, 10/07/15)
MODERN
MODERN has organized an event “Modernform: the annual sale” to increase sales. (Khao Hoon, 10/07/15)
Comment: We thiunk that if you’re a homebuilder or looking to redo your house, these next 6-12 months are the perfect time to take advantage of the struggling economy
MCOT
MCOT plans to launch new TV programs in 3Q15, including game shows, variety and sports. It has budgeted Bt300-400mn for content in 2H15. (Thun Hoon, 10/07/15)
MTLS
MTLS expects to report 30% earnings growth in 3Q15, targeting 2015 loans of Bt16.5bn backed by nano-finance scheme. It plans to hold a roadshow in Europe at the end of July. (Khao Hoon, 10/07/15)
PTT
PTT expects to sell PT Az Zhara shares for Bt224.4mn (US$6.8mn), expected to be finalized in September. This is a palm oil company in Indonesia. (Thun Hoon, 10/07/15)
RICH
RICH’s board has approved investing in 9.9MW biomass power plant. This is expected to be finalized in 3Q15. It plans to issue a Bt500mn debenture to increase its working capital. (Khao Hoon, 10/07/15)
Comment: Steel company expanding into biomass, well at least this isn’t too far fetched.
SC
SC expects 30-40% earnings growth in 2Q15 backed by transfers. It is confident 2015 revenue will achieve target of Bt13bn. (Khao Hoon, 10/07/15)
SENA
SENA and AIRA and Saeng-Fah Construction plan to invest in office for rent in the CBD. They expect to open the first project, valued at Bt2bn in 2H15. (Khao Hoon, 10/07/15)
Comment: Good move by SENA, with the solar rooftop and the rumoured power plant stake it has, they are moving away from being overly reliant on property sales.
SNP
SNP targets 10% revenue growth this year aided by a marketing campaign. It expects moon cake sales to grow 10%, benefitting from increasing its distribution channels through 7-Eleven stores. (Khao Hoon, 10/07/15)
SIRI
SIRI expects to book revenue from transfers of five condominiums in 3Q15 worth Bt6.6bn. It is confident revenue from condos will reach Bt22bn as targeted. (Khao Hoon, 10/07/15)
SPCG
SPCG is looking for a partner to invest in a 130MW solar farm which is expected to be finalized in 3Q15. Management expects 2015 revenue to achieve target. (Khao Hoon, 10/07/15)
Comment: SPCG has to look for ways to expand further, once all 260 MW are up and running in a 6 years their earnings will collapse, granted they should have a small fortune of cash on their balance sheet by then
SYMC
SYMC expects 2Q15 net profit of Bt47.2mn, -8.5% YoY in response to the slowed economy. (Khao Hoon, 10/07/15)
TASCO
TASCO expects 2H15 earnings to grow, with a record high in 3Q15 aided by seasonality. It expects revenue growth of 20% in 2015. It plans to invest to support upcoming numerous orders.(Thun Hoon, 10/07/15)
TTA
TTA plans to issue a debenture. The objective is to pay down debt and for working capital. Management is confident TTA has strong capital and is ready for new business. (Thun Hoon, 10/07/15)
TVT
Fund managers are interested in TVT shares as TVT plans to revise its business plan. It expects earnings to grow gradually. It has launched a new program “Dance your fat off” on Channel 3 and expects this to provide revenue of Bt70mn in 3Q15. (ASTV, 10/07/15)