Stocks in the news (anan, banpu, bcp, kool, plat, ptg, samart, sawad, sci, thai, vte, wice) 20.04.16
ANAN
Taiwan fund is interested in investing in ANAN. A decision is expected soon. The company plans to issue a debenture worth Bt1bn to support business. It plans to launch a new project worth Bt19bn to increase its backlog to Bt37bn. (Thun Hoon, 20/04/16)
Comment: More curious about the recent perp bond they’ve announced than supposed investor interest
BANPU
BANPU has budgeted US$112mn to start shale gas business. It hopes this will provide support to revenue and earnings. (Khao Hoon, 20/04/16)
BCP
BCP listing subsidiary BCPG on the SET. It will sell 160 million shares and expects to undertake the IPO in 3Q16-4Q16. It plans to expand its business in Thailand and abroad. (Khao Hoon, 20/04/16)
KOOL
KOOL expects 2Q16 sales to grow 40% YoY supported by hot weather and high season. It plans to increase its distribution in Thailand and abroad. It targets to increase revenue from exports by more than 20% in 2016. (Khao Hoon, 20/04/16)
Comment: Effectively a single product company, what will they say when the rainy season hits?
PLAT
PLAT is confident that 2016 revenue will grow no less than 10% on the back of an increase in average rent by 6% and more hotel customers. It expects its two hotels at Samui to open in 2018. (Khao Hoon, 20/04/16)
PTG
PTG expects to expand membership to 5mn this year. It expects 2016 revenue will grow 30- 40% from 2015 supported by more customers. It has budgeted Bt4.5bn to support its business. (Thun Hoon, 20/04/16)
SAMART
SAMART will realize revenue no less than Bt430mn and profit of Bt18mn in 2016. This will be from subsidiaries SAMTEL and SIM and its power plant business. (Thun Hoon, 20/04/16)
Comment: I’m guessing there’s a typo in this news announcement
SAWAD
SAWAD buys more than Bt534mn loans from SCB. It has budgeted Bt4bn to buy loans in 2016. It plans to expand to reach 2,000 branches by the end of 2016. (Khao Hoon, 20/04/16)
Comment: Competition to JMT? Or is SAWAD clever and focusing on existing clients that have bad loans w/ SCB?
SCI
SCI sells a big-lot of 40mn or 5% to two foreign funds. It is confident that this will be positive to the company. (Thun Hoon, 20/04/16)
Comment: Normally the fund names should be announced, i.e. when templeton bought stakes in both BEAUTY and UNIQ
THAI
THAI is confident that profit in 2016 will be Bt2bn and targets revenue of Bt194bn. In 1Q16, the company says it will report a net profit of Bt500mn. (Khao Hoon, 20/04/16)
VTE
VTE issues short-term B/E. It plans to invest in the energy business. It targets an increase in capacity to MW500 within 5 years. It expects 2016 revenue to reach Bt2bn. (Thun Hoon, 20/04/16)
WICE
WICE expects 2Q16 earnings will grow more than 1Q16. It expects 2016 revenue of Bt800mn or growth of 20%, supported by an expanding customer base. It is negotiating with 2-3 foreign partners and expects to expand to the logistics business. (Khao Hoon, 20/04/16)