Stocks in the news (akr, chg, dcon, ndr, oishi, siri, tpoly, true, tu, tvt) 06.07.16
AKR
AKR is bidding for government transformer jobs worth Bt3bn and expects to get 10-15%. It expects to get solar job from EPC worth more than Bt400mn. This will support 2016 revenue to reach Bt2.5bn. It plans to expand to Indonesia and Vietnam. (Thun Hoon, 06/07/16)
CHG
CHG expects 2H16 earnings to double supported by high season in 3Q16. It is confident that occupancy rate will be 70-80%. (Thun Hoon, 06/07/16)
DCON
DCON expects good earnings in 1H16 supported by more orders. It is confident that 2016 revenue will hit target of Bt1.1bn supported by construction recovery and more demand. (Thun Hoon, 06/07/16)
Comment: Is there a round 2 coming for DCON? I haven’t looked at the name properly since ’13 but if my memory is correct unless they are doing another property project there won’t be another jump in earnings.
NDR
NDR got orders from India worth Bt170mn. It expects 2H16 earnings to continue to grow and expects revenue to reach Bt1bn. (Thun Hoon, 06/07/16)
OISHI
OISHI is confident that its Japanese restaurants in Thailand have room to grow 10-15% per year. Recently, it launched a new campaign and advertising. (Kao Hoon, 06/07/16)
SIRI
SIRI plans to launch 13 new projects worth Bt37.4bn in 2H16. It expects 2016 revenue of Bt32bn compared with 1H16’s Bt13bn or 72% of its full-year target. (Kao Hoon, 06/07/16)
Comment: They are pushing the market with their advertised selling prices
TPOLY
TPOLY expects to turn around, supported by booking revenue from its subsidiary TPCH. The construction business has passed bottom and is expected to recover in 2H16. It expects to get a new job worth more than Bt600mn om July. This will support its backlog of Bt4.5bn. It expects 2016 revenue to grow 10% from last year. (Thun Hoon, 06/07/16)
Comment: It should be a positive turnaround for them given how TPCH is expected to perform this year.
TRUE
First day of trade for 8,391,000 new TRUE shares. The share price is expected to go down. (Kao Hoon, 06/07/16)
TU
TU to take majority stake in Canadian lobster processor – Thai Union Group will acquire a majority stake in Canadian lobster processor Les Pecheries de Chez Nous, TU said in a press release yesterday. (The Nation, 06/07/16)
Comment: And they are still on the M&A path
TVT
TVT expects 2Q16 revenue growth of 15-20% with growth continuing in 3Q16. It expects 2016 revenue growth of 50%. It has set up “Big Brain” to expand its customer base and increase capacity. It is confident that 2016 revenue will reach Bt30-50mn. (Kao Hoon, 06/07/16)
Comment: They are still run at full capacity because of the digital TV and the demand for TV show, I do wonder how elastic their prices are in such a demand driven industry.