Stocks in the news (ah, bjchi, cho, com7, dtac, earth, ifs, kce, mcs, mtls, sawad, stec, tae, tfd, thcom, tsr, uac) 11.01.16
AH
AH expects 2016 sales to grow 5-6% backed by automotive sector recovery. It expects to increase revenue by focusing on making molds, which increases its gross margin. (Thun Hoon, 11/01/16)
Comment: Rubbish, this company hasn’t performed for a decade.
BJCHI
BJCHI expects 4Q15 earnings to reach a record high aided by transfers and the baht depreciation. It targets 2016 revenue growth of 15%. (Thun Hoon, 11/01/16)
CHO
CHO plans to expand to Myanmar, Malaysia, and Indonesia. It expects this to contribute Bt100mn revenue this year. It targets 2016 revenue of Bt1.6bn with a 6% net margin. It is budgeting Bt100mn to invest in two garages. (Thun Hoon, 11/01/16)
COM7
COM7 expects 2016 net profit of Bt417mn (50% growth from 2015’s Bt281mn) backed by the switch to 4G by 10mn subscribers. (Khao Hoon, 11/01/16)
Comment: Waiting for the iphone7
DTAC
DTAC expects 2016 revenue to grow more than 2015 because it plans to expand 4G network, to reach 100% coverage by the end of this year. It targets subscribers of 4.5mn. It expects to maintain its market share by marketing campaigns. Telenor group says it will not spin off its investment. (Khao Hoon, 11/01/16)
Comment: Arguably in a weak position as a result of the 4g bids, but financially better off?
EARTH
EARTH expects 2015 coal sales of 10mn tons. It expects to complete a swap deal soon. It expects this to increase its reserve to over 80mn tons. (Khao Hoon, 11/01/16)
IFS
IFS expects 2016 revenue to grow 15-20% backed by economic recovery brought by government measures and 4G investment by mobile operators. It expects the construction materials sector to be good. (Thun Hoon, 11/01/16)
KCE
KCE expects 2016 sales to reach Bt14.54bn with Bt2.75bn net profit. (Khao Hoon, 11/01/16)
MCS
MCS expects 2016 revenue and net profit to grow significantly backed by Japanese orders which have increased its backlog to 200,000 tons. It expects this to cover revenue for five years. (Thun Hoon, 11/01/16)
Comment: And voila they are perfectly safe, although with currency volatility we do wonder aloud @ what level will the yen/thb be negative for MCS?
MTLS
MTLS targets loan growth of not less than 50% for the next three years. It plans to have 1,750 branches within 2017. It expects revenue and net profit to mark a record high with a market share of #1. It estimates 2015 nano finance loans at Bt100mn. (Khao Hoon, 11/01/16)
Comment: Again the question here is only what would you pay for a company growing 50% for the next few years
SAWAD
SAWAD and Promise plan to offer personal loans in the south. It expects 100% coverage by the end of this year. It expects this cooperation to be benefit both SAWAD and Promise. (Khao Hoon, 11/01/16)
Comment: See above
STEC
STEC signed contract for 12 SPP for Gulf MP Co., Ltd. valued at Bt3.28bn. This raises its backlog to Bt55.11bn. It expects this to cover revenue for the next two years. (Khao Hoon, 11/01/16)
Comments: Contractors still seem to be the safest bet, but damn expensive!
TAE
Singapore investors are interested in TAE shares because of its strong fundamentals. It expects a decision to be made soon. It is budgeting Bt90mn to renovate its plant at Suphan Buri, which it expects to lower costs. It expects to complete a deal with Saeng Fah for investment in an ethanol plant in 1Q16. (Thun Hoon, 11/01/16)
TFD
TFD expects a 2016 net profit from 2015’s net loss of Bt100mn after selling 100 rai of land, Bt3bn of its assets to an REIT, and a Bt2bn condominium. It expects acquisition of 300MW SPP to be concluded by mid-2016. (Thun Hoon, 11/01/16)
THCOM
THCOM expects 2016 net profit of Bt2.3bn backed by full year revenue from Thaicom 7 and some contribution from Thaicom 8. It expects 4Q15 earnings of Bt581mn (37% growth), giving support 2015 net profit of Bt1.95bn. (Khao Hoon, 11/01/16)
TSR
TSR is talking to partners in Laos and Vietnam to expand abroad. It expects 2016 revenue growth of 30%. It plans to open 5-7 branches. It expects electric appliances to comprise 10% of revenue this year. (Khao Hoon, 11/01/16)
UAC
UAC is studying investing in power plants in ASEAN. It is interested in biomass and solar power plants and expects to invest in 1-2 projects this year. It targets 30MW of domestic capacity from 6.5MW. It expects 2016 revenue of Bt1.8bn. (Thun Hoon, 11/01/16)