Stocks in the news (ait, ck, erw, fsmart, jmart, lpn, pace, spcg, synex, ttcl) 19.02.18
AIT
AIT targets 2018 revenue of Bt6bn, growing 20%, backed by its current backlog of Bt2.593bn, which will be booked as revenue. It reported 2017 earnings of Bt431.1mn and announced a dividend on 2H17 of Bt1.4/share, XD on 20 April 2018 . (Thun Hoon, 19/02/18)
Comment: And is this the turning point for the industry?
CK
CK believes 2017 revenue will achieve target of Bt35bn. It is going to bid for government projects, worth approximately Bt400bn in 2018 and guarantees its financial position and its relationship with partners are strong. (Khao Hoon, 19/02/18)
ERW
ERW targets 2018 revenue to grow by 10% from 2017. It has budgeted Bt3bn to open nine hotels, covering all tourist segments. (Thun Hoon, 19/02/18)
FSMART
FSMART reported 2017 earnings of Bt543mn, growing 29.30% brought by rising transactions for prepaid services via Boonterm machines after increasing the number of Boonterm machines to 124,653. The board approved a dividend of Bt0.3/share, XD March 19. It targets to increase Boonterm machines to 144,653 in 2018. (Khao Hoon, 19/02/18)
Comment: Despite this the share price has come down a fair bit, fears of a declining GPM coming true?
JMART
JMART says the ICO of its subsidiary JVC was successful, selling out all 100mn tokens of Jfin Coin within 55 hours. The coins are scheduled to be traded on TDAX on April 2, 2018. It will use the funds to develop a Decentralized Digital Lending Platform (DDLP), which is a platform to provide lending services based on Blockchain technology. (Khao Hoon, 19/02/18)
Comment: Lets see how far this goes!
LPN
LPN’s board approved a dividend on 2H17 of Bt0.35/share, XD on February 26, despite the 51% drop in 2017 earnings to Bt1.062bn. It currently has backlog of Bt7.4bn, of which Bt5.9bn will be booked as revenue this year. (Khao Hoon, 19/02/18)
PACE
PACE has raised Bt3.687bn from the sale of 7380.66mn shares through rights offering in order to increase its liquidity and support Pace Project I and II. (Khao Hoon, 19/02/18)
Comment: And so…now what? Turnaround play?
SPCG
SPCG says it received Bt1.085bn from the issuance of 50mn new ordinary shares through private placement to Kyocera for Bt21.70/share. It also said Kyocera is not allowed to sell all its shares for one year. (Khao Hoon, 19/02/18)
SYNEX
SYNEX targets 2018 revenue growth of 15-20% and says sales in 2018 have been growing well. It plans to launch new products in the IOT group and expand into the Indochina market, raising the sales proportion from this market from currently 5%. (Thun Hoon, 19/02/18)
TTCL
TTCL says TEC’s sale of 10% of its stake will not affect its operations and assures of the soundness of its business fundamentals. It is progressing on the Bt11.2bn power plant extension project of 356 MW. It is planning on raising funds and will submit this to the board in February. It targets 2018 revenue to grow by at least 20% backed by the full year of revenue from Ahlone 1 power plant. (Thun Hoon, 19/02/18)
Xavi
Fsmart has been a headache, I have exposure through my holdings in the parent so the drop hasn’t been as painful. What is happening to Fsmart now will happen to other high flyers like Beauty and SPA in due course. Call it the law of diminishing returns as they scale.
Pon
From memory its the expansion to the larger terminals that is supposed to drive top line growth for FSMART, but this comes with a decline in GPM and thus ROIC’s etc etc…also just wondering on whether this news regarding CPALL “rumoured” to win to be able to be a banking agent may hurt FSMART’s business.