Stocks in the news (anan, fsmart, lhk, pttgc, samco, ratch, super, tasco, top, tse, tu, vte) 10.04.17
ANAN
ANAN targets revenue to grow 300% within three years brought by economic recovery. Over the long term, it plans to launch 35 projects. Its existing backlog is Bt25bn. It plans to launch 17 projects worth Bt41.8bn this year. (Thun Hoon, 10/04/07)
Comment: Despite the outraegous projection, it is entirely possible given the JV’s they have on certain projects with Mitsiu.
FSMART
FSMART targets 122,000 Boon Term Top-Up machines, revised up from 120,000 after already achieving 100,000 units in 1Q17. It revised up 2017 Top-Up value to Bt32bn from Bt30bn. It expects robust earnings in 1Q17. (Kao Hoon, 10/04/17)
Comment: I do wonder now how they will achieve another level of growth. Just like CPALL the rate of growth will depreciate as the company has grown in size. But unlike CPALL how they effectively utilise their distribution for more sources of income?
LHK
LHK plans to invest in a new business. It expects FY17/18 performance to be good on a recovering auto sector and the 2017 Motor Show. It expects to take part in public projects. It expects to get more orders for electricity appliances after this unit contributed net profit of Bt120.61mn (9MFY16/17) compared to last year’s Bt97.69mn. (Thun Hoon, 10/04/07)
Comment: That’s a good move by the company to diversify away from being a pure automanufacturer.
PTTGC
PTTGC expects 1Q17 net profit to reach Bt11.5bn, up 144% YoY, fostered by better spread and olefins operations. (Kao Hoon, 10/04/17)
SAMCO
SAMCO expects solid recovery in 2Q17 performance aided by high demand and transfers. It plans to launch three projects with a total value of Bt2.3bn. It is budgeting Bt1bn to buy land for property development. It expects 2017 revenue to be above Bt1.2bn. (Thun Hoon, 10/04/07) RATCH
RATCH
RATCH is investing in Indonesia via partnership of RH International (Singapore) Corporation (an indirect subsidiary, taking 49%) with PT Medco Power Sentral Sumatra (51%). The objective is to take an interest in the Riau combined-cycle power plant project in Indonesia. (Post Today, 09/04/17)
SUPER
SUPER expects to operate 700MW in power production, which is expected to boost 2017 revenue to Bt10bn. It continues to invest more and plans to set up an infrastructure fund in 2H17. (Thun Hoon, 10/04/07)
Comment: We’ve been reading about this news for a while and yet there doesn’t seem to be any movement. Have to love the ALRO for creating uncertainty in the entire renewable energy sector in Thailand.
TASCO
TASCO targets 2017 sales of 2.4mn tons, marking a record high on the back of high demand both at home and abroad. It is budgeting Bt2.25bn to buy an oil tanker and invest in a refinery to handle new orders. (Thun Hoon, 10/04/07)
TOP
TOP expects 2017 earnings to grow brought by LABIX projects and 239MW electricity production. Its shareholders approved issuing US$1mn debenture to handle the CFP project. (Kao Hoon, 10/04/17)
TSE
TSE received Bt950mn from issuing debenture. It expects to use this cash to expand its power businesses both at home and abroad. It expects 2017 performance to continue to grow. It expects the Japanese solar farm to operate in 3Q17. (Kao Hoon, 10/04/17)
TU
TU targets 2017 sales to grow 15% from last year. It continues to do acquisitions. It recently launched a new brand “QFresh”. It plans to expand to e-commerce at home. It expects QFresh to contribute Bt300mn sales in this year. (Kao Hoon, 10/04/17)
Comment: So the question still is, when will TU be treated as a consumer co?
VTE
VTE expects to get Bt267mn after its shareholders approved selling two power plants in Japan. It expects to use this cash for other investment with expected return more than 15%. It expects 2017 performance to be good, brought by construction revenue. It plans to wipe out losses via retained earnings. (Thun Hoon, 10/04/07)