Stocks in the news (akr, ccp, cpn, gcap, gunkul, major, mill, nusa, ps, sawad, samtel, vgi) 21.09.15
AKR
AKR is looking for prospective partner to invest in solar power. It plans to ask for a 20MW PPA this year. It expects 2015 revenue to be lower than 2014’s as construction of a solar farm has been delayed. It expects 2016 revenue of Bt3.2bn (+60%). (Thun Hoon, 21/09/15)
Comment: AKR has been a dog of business for as far back as I can remember, yes it may have some decent engineers in house, but the performance versus TRT and QTC was always lagging.
CCP
CCP expects 2H15 earnings to be good aided by Bt2.3bn in backlog, of which 70-80% is expected to be booked within six months. It expects to benefit from public investment in 2016. (Thun Hoon, 21/09/15)
Comment: A far smaller player but one that should benefit from infrastructure, shame about the valuation.
CPN
CPN plans to invest in three condominiums: in Chiang Mai, Khon Kaen and Rayong, worth Bt4bn. It plans to start its construction on 2Q16 and finish in 2Q18. It expects this to generate profit of Bt610mn. (Khao Hoon, 21/09/15)
GCAP
GCAP expects to emphasize secured and unsecured loans with a focus on existing customers in 2H15. It has signed an MoU with partners to launch new loans. It expects loan a portfolio of Bt900mn, which is close to last year’s. (Thun Hoon, 21/09/15)
GUNKUL
GUNKUL has completed its Bt4bn capital increase. It plans to use this cash to invest in 300MW in wind and solar power plants. It expects to become a leader in the alternative power business. (Khao Hoon, 21/09/15)
Comment: And now that the cap increase has passed, nothing new to report here.
MAJOR
MAJOR expects 2H15 earnings to be good aided by a strong movie lineup. It has no plan to acquire or do M&A. It plans to expand in CLMV for AEC. (Thun Hoon 21/09/15)
Comment: A monopoly in Thailand, a potential monopoly in Cambodia, a potential monopoly in Laos, and what about Myanmar? Vietnam I doubt they could be #1 but 2 or 3 sure.
MILL
MILL expects to book extra gain of Bt1bn from selling 175 rai of land in Rayong. It expects 2015 revenue of Bt16bn on higher steel demand for investment projects. (Thun Hoon, 21/09/15)
NUSA
NUSA’s board has approved setting up a subsidiary, NUSA Power, to engage in the integrated power business. It plans to ask for shareholders’ approval on Oct 22. It expects 2015 net profit to mark a record high. (Thun Hoon, 21/09/15)
Comment: Its a POS politically related company that is now shifting from property to power business.
PS
PS’s backlog is Bt36bn, of which Bt20.5bn is expected to be booked this year. It is confident it will achieve 2015 revenue of Bt47bn. (Khao Hoon, 21/09/15)
SAWAD
SAWAD expects 3Q15 net profit to mark a record high of Bt358mn (+60%YoY). It plans to hold a roadshow in the U.S. next month. (Khao Hoon, 21/09/15)
Comment: Its just incredible to me that a loan shark can be worth USD 1 bn in mkt cap, well run company nonetheless
SAMTEL
SAMTEL expects to get a Bt3bn job from Royal Thai Police. It expects this to be finalized this week. It expects backlog to increase to Bt15bn this year. (Thun Hoon, 21/09/15)
VGI
VGI is considering acquiring 2-3 companies at home for business growth. It has postponed investment in ASEAN market until after the domestic out-of-home media business recovers. It plans to expand ad media on BTS. (Thun Hoon, 21/09/15)