Stocks in the news (alt, asefa, bjc, chewa, cnt, cpall, hpt, itd, pdi, pjw, qh, rjh, scn, tgpro, uac) 29.09.16
ALT
ALT is going to do a roadshow in the US. It expects this to increase foreign shareholding. The plans will be firmed in October. It expects to get a new job to support its backlog of more than Bt800mn. It maintains 2016 earnings growth of 10% from last year driven by customer expansion. (Thun Hoon, 29/09/16)
Comment: I’m not quite sure why a company this size would bother with increasing its foreign shareholding.
ASEFA
ASEFA expects 3Q16 profit to record a new high, supported by high season and continued booking of revenue. It plans to bid for a new job worth more than Bt3.65bn. It has budgeted Bt10mn to expand its branch network and is confident that 2016 revenue will hit target growth of 15-20%. (Thun Hoon, 29/09/16)
BJC
BJC expects 3Q16 net profit to reach Bt2.13bn, up 190.3%, aided by FX gain of Bt1.37bn. It expects 2016 net profit to reach Bt4.56bn, up 63.39%. (Khao Hoon, 29/09/16)
Comment: A CPALL part 2? i.e. when CPALL took over makro its share price declined as a result of the high amount of debt, and then as investors realised that the debt was serviceable, interest payments decreased the share price eventually rallied strongly.
CHEWA
CHEWA expects revenue growth of 20% supported by its backlog of Bt300mn. It plans to launch three new projects valued at Bt5.4bn next year. It expects presales to reach 60% for a condo along the BTS line in Thonburi at the end of 2016. (Thun Hoon, 29/09/16)
Comment: Just as they promised.
CNT
CNT targets 2016 revenue of Bt10bn, or growth of 35% from last year. It is confident that 3Q16 earnings will be good A IR QILL book revenue from its backlog of Bt10bn and new jobs. It expects to cooperate with a big Chinese and Thai partner to bid for a government mega project. (Thun Hoon, 29/09/16)
Comment: It’s been a dog for a few years now.
COLOR
COLOR plans to pay a dividend after writing off retained losses. It expects 2016 profit to be a new high and market share to reach 25%. It expects 2016 revenue to grow 8%. (Thun Hoon, 29/09/16)
CPALL
CPALL expects 4Q16 earnings to be good supported by the vegetarian festival and high season. It plans to open 700 new branches this year. (Thun Hoon, 29/09/16)
HPT
HPT sets 2017 revenue growth target at 20% from 15% this year. It plans to do a new product with a partner to get into the AEC market which will focus on Cambodia this year. Recently, it has backlog of more than Bt40mn. (Thun Hoon, 29/09/16)
ITD
ITD expects net profit to return to the black this year on the back of Bt200bn backlog. It expects backlog to cover revenue for three years (Bt50-60bn/year). It plans to take part in Bt300bn bids and expects to get 30-40% of its bids. (Thun Hoon, 29/09/16)
PDI
PDI plans to invest more in a Japanese solar farm after it got 13MW. It is dealing for another 22MW, valued at Bt3.2bn. It expects to complete a transaction within one month (2MW). It expects 2016 revenue to be close to last year’s Bt4.87bn. (Thun Hoon, 29/09/16)
PJW
PJW expects 3Q16 earnings and revenue to be good because of no expense for renovating its painting garage. It expects 2016 revenue to grow 8-10%. It plans to expand its packaging plant to meet demand in the China market. (Khao Hoon, 29/09/16)
QH
QH expects 2H16 performance to be good brought by a positive outlook for the property sector. It plans to launch Bt6.5bn in projects to drive revenue. (Thun Hoon, 29/09/16)
RJH
RJH expects 2H16 earnings to be good on the back of seasonality. It expects 2016 revenue growth of 10-15%. (Khao Hoon, 29/09/16)
Comment: Several brokers are stating that hospital stake will have the best growth #’s this year and next.
SCN
SCN expects 2016 revenue to grow 40% from last year’s Bt2.12bn. It sees a good outlook for NGV demand. Its backlog of NGV station construction is Bt700mn of which Bt350 is expected to be booked this year. It expects revenue to grow significantly in 2017, brought by the power business. (Thun Hoon, 29/09/16)
TGPRO
Local and foreign investors are interested in TGPRO shares as the company is expected to have already touched bottom. It plans to invest in alternative energy, with a decision this year. It expects to benefit an anti-dumping measure as published in the government gazette. It expects 3Q16 performance to be good thanks to orders from abroad. (Thun Hoon, 29/09/16)
Comment: It’s touched bottom….since I’ve started looking at the Thai market 12 years ago!
UAC
UAC expects to sign a PPA for a 20MW biomass power plant in Myanmar soon. It expects to complete a deal for a waste power plant in Laos in 4Q16. It plans to list subsidiary “UAPC” in 2018. (Khao Hoon, 29/09/16)