Stocks in the news (ah, bjc, bjchi, dtac, estar, fn, gpsc, irpc, loxley, pace, ptt, pttep, nok, qtc, s, se, seafco, selic, siam, super, tmi, top, vte, xo) 03.03.17
AH
AH targets 2017 sales growth of 5% in line with the auto industry, which it believes has bottomed out. It expects car production to hit 3mn within five years. It plans to expand its business in one country, with a decision this year. It is studying setting up a plant in Malaysia. It plans to hold a roadshow in Hong Kong and Singapore. (Thun Hoon, 03/03/17)
Comment: With the MYR at levels that are worse than the ’97 crisis, it isn’t the silliest idea to go ahead and set up an export based business there
BJC
BJC expects 2017 performance to mark a record high thanks to BIGC. It is budgeting Bt10bn for BIGC expansion. It plans to open BIGC in Cambodia. Its board approved investing in its fifth glass furnace with capacity of 400tons/day. It expects 1Q17 earnings to be better than 1Q16. (Thun Hoon, 03/03/17)
Comment: People are worried about the margin compression that BIGC has faced in 2016.
BJCHI
BJCHI took part in Bt8.7bn bids, which it hopes will increase its backlog from Bt1.75bn. It expects 2017 performance to continue to grow brought by industry recovery. (Thun Hoon, 03/03/17)
DTAC
DTAC begins its five-year start-up projects. It estimates investment value at Bt2bn. It targets to be number one in Southeast Asia in 2020. (Kao Hoon, 03/03/17)
ESTAR
ESTAR targets 2017 sales and revenue growth of 20% from projects in Bangkok and Rayong. It will pay a dividend of Bt0.04/share, XD on May 4. It reported 2016 net profit of Bt216mn despite the property industry slowdown. (Kao Hoon, 03/03/17)
FN
FN expects 2017 revenue to grow 20% with net margin of 15% brought by a full year of revenue from its Ayutthaya branch. It expects purchasing power to recover in 1Q17. It is budgeting Bt240mn to add two more branches. (Kao Hoon, 03/03/17)
GPSC
GPSC expects 2017 performance to be better than last year, fostered by operating 150MW more. It plans to ask board approval to invest abroad. The board approved the issue of a Bt10bn debenture. It expects to use the cash for business expansion and acquiring more power plants. (Kao Hoon, 03/03/17)
IRPC
IRPC targets 2017 EBITDA of Bt18bn from 2016’s Bt17.4bn. Behind this is completing refinery improvement (UHV), increasing capacity of PP from 330,000 tons/year to 770,000 tons/year (expected to be done in 3Q17), and its Everest project (expected to finish this year and contribute EBITDA of Bt7bn from 2016 of Bt2.3bn). (Post Today, 03/03/17)
LOXLEY
LOXLEY’s backlog is Bt8.5bn of which 80% is expected to be booked this year. It got Bt1.8bn in projects (electricity sub-stations). It plans to take part in Bt11.5bn bids. It targets 2017 revenue growth of 15-20%. (Thun Hoon, 03/03/17)
PACE
PACE completed a deal with Apollo and GS with Bt8.4bn capital investment to invest in Mahanakorn. It expects this to open at the end of this year. Its backlog is Bt17.5bn, which it expects to book in 1Q17. (Kao Hoon, 03/03/17)
Comment: If things were going swimmingly well why on earth would PACE take expensive equity financing from Apollo & GS, why wouldn’t a bank give them financing? I think that they are trying to seal over multiple cracks over there….
PTT
PTT expects 2017 performance to be better than last year thanks to a more stable oil price at US$50-55/barrel. It expects to book a stock gain. It expects a refinery margin of US$6.37/barrel. It is budgeting Bt83bn for its fifth pipeline and LNG warehouse phase 2. (Thun Hoon, 03/03/17)
PTTEP
PTTEP is budgeting US$2.9bn to expand its business with US$4bn cash on hand. It expects to complete an LNG Value Chain plan with PTT this year. (Kao Hoon, 03/03/17)
NOK
NOK reported 2016 net loss of Bt3.26bn because of lower revenue of Bt13.11bn and a 14% rise in expense. Its board plans to do a capital increase, issuing 781.25mn shares, 625mn shares for a rights offering at a ratio of 1:1 and price of Bt2.4 and 15625mn shares for NOK-W1. (Kao Hoon, 03/03/17)
Comment: Are you surprised? I’m still waiting for Thai airways to do this.
QTC
QTC plans to list subsidiary QTC Global Power, with filing planned within three months. It targets 2017 revenue of Bt1.2bn aided by Bt45mn backlog. It expects to get a Bt300mn public project in 1H17. (Bangkokbiznews, 03/03/17)
S
S plans to hold a roadshow in Asia to attract foreign investors, with a conclusion by 4Q17. It is working with a partner in Hong Kong to invest in a Bt6bn condo to increase revenue. It plans to ask approval for 2017 investment plans from its board within March. (Thun Hoon, 03/03/17)
SE
SE targets 2017 revenue growth of 11% as it plans to open a workshop center in 2H17. It expects this to push up service revenue to Bt40mn and expects 20% net profit growth. It will pay a dividend of Bt0.08/share, XD on Mar 7. (Kao Hoon, 03/03/17)
SEAFCO
SEAFCO expects continued growth in 2017, backed by taking a subcontract for the MRT Orange Line from CK. It expects to get more projects from STEC. It expects 2017 net profit growth of 51%. (Thun Hoon, 03/03/17)
SELIC
SELIC posted 2016 net profit of Bt39.04mn with revenue of Bt561mn. Its board approved a dividend of Bt0.053/share. It targets 2017 revenue growth of 10% by increasing market share both at home and abroad. It plans to do R&D for new products as well as improve its lab to build up its standards and innovation. (Manager 360, 03/03/17)
SIAM
SIAM and a partner plan to invest in a 15.7MW Japanese solar farm this year. It is studying investing in biomass power plants and a plywood mill, with a decision to be made next year. It expects furniture to be its core business. It expects 2017 performance to be better than last year brought by cost control. (Thun Hoon, 03/03/17)
SUPER
SUPER targets 2017 revenue of Bt9-10bn on the back of acquiring a power business in Japan and China, taking part in solar farm for a cooperative unit, and waste power plants. It reported substantial growth in 2016 with a net profit from a net loss in 2015. (Manager 360, 03/03/17
TMI
TMI expects 2017 net profit to be better than 2016’s Bt4.68mn on the back of public projects. It plans to take part in bids in 2H17. It plans to expand abroad, with exports to eventually contribute 50% from 15% now. It expects 1Q17 performance to be good. It expects 2017 revenue growth of 20%. (Thun Hoon, 03/03/17)
TOP
TOP expects 2017 performance to continue to grow brought by the LABIX project and a 239MW power plant. It expects to book a stock gain from the uptrend in oil price. (Kao Hoon, 03/03/17)
VTE
VTE plans to sell a Bt300mn Japanese power plant. It plans to acquire another four power plants in Japan with capacity of 288MW and IRR of 15%. It expects 2017 performance to be good brought by Bt600-900mn work on hand. It plans to take part in upcoming bids. It expects to wipe out retained losses and pay a dividend. (Thun Hoon, 03/03/17)
XO
XO sees a positive outlook for sauce and dip products after getting a good response. It plans to expand abroad to boost exports. It targets 2017 revenue to grow 5%. Its board approved a dividend payment of Bt0.08/share. (Thun Hoon, 03/03/17)
praya
Could be oil price with less UAE patiences? no chinese? or too many hospital offers already?
Healtcare really weak now, after year of booming…
I’m buying now because I believe this sector will see grow in future anyway 😉
Pon
UAE reduced its benefits for medical checkups by 50%, fears that this will hurt BH and BDMS.