Stocks in the news (aot, ap, bsm, centel, cho, fsmart, lh, malee, pk, qtc, sci, spa, tk, tmb, ttcl) 06.06.16
AOT
AOT plans to open bidding for the APM system at Suvarnabhumi valued at Bt3bn in midJune. It expects to finish the deal in October 2016. (Khao Hoon, 06/06/16)
Comment: AOT has been very quiet recently in terms of their expansion plans.
AP
AP got revenue of more than Bt8.55bn, up 20%, in five months. It plans to launch new projects and campaigns. It is confident sales will reach its target of Bt31bn in 2016. (Khao Hoon, 06/06/16)
Comment: Perhaps the last sector left to run in the Thai market.
BSM
BSM increase capital to RO and issue warrant (BSM-W2). It expects to funding of Bt150mn for develop property. It sets 2016 revenue target to over Bt1bn. (Khao Hoon, 06/06/16)
CENTEL
CENTEL expects 2Q16 earning to be good supported by tourism tax. It sets revenue target growth 10% from Bt19.2bn from 2015 due to tourism expansion. (Thun Hoon, 6/6/16)
CHO
CHO expects to turn around. It expects 2016 profit of Bt77mn, growth of 113% from 2015, supported by backlog of Bt645mn. It plans to book Bt400mn this year. (Khao Hoon, 06/06/16)
FSMART
FSMART is confident that 2Q16 earnings will grow as it expands the Boon Term top-up machines. At the end of April, it had 75,000 machines and expects to reach 90,000 this year. It is confident that revenue from Boon Term top-up machines will be over Bt28bn. (Khao Hoon, 06/06/16)
Comment: Still a growth machine.
LH
LH expects 2016 transfers to hit Bt28bn as targeted after backlog reached Bt20bn. It plans to launch 14 projects valued at Bt23.5bn. It expects this to increase its presales to Bt28bn at the end of this year. (Khao Hoon, 06/06/16)
MALEE
MALEE expects 2016 revenue growth to be higher than target at 15% aided by the baht weakening and higher sales abroad. It plans to expand to CLMV and ASEAN. It expects its associated company in the Philippines to contribute doubled revenue. (Thun Hoon, 06/06/16)
Comment: The Philippines has done far better than what most people expected. It does raise the question why couldn’t ICHI and SAPPE do the same in their international expansions.
PK
PK expects 2Q16 earnings to be good because of summer season. It expects net profit to return to the black in 3Q16 after it restructured its business to focus outside Thailand. It expects this to increase its clients to above 2,000. It is talking to prospective clients that will increase its orders. It plans to set up plants abroad in 3Q16. It targets exports to comprise 50%. It targets revenue to reach Bt5.5bn within three years. (Thun Hoon, 06/06/16)
QTC
QTC shareholders approved a 70mn share capital increase for PP, priced at Bt4.7/share. It expects to use these funds to invest in a 35MW power plant in Japan. (Khao Hoon, 06/06/16)
SCI
SCI wound up its roadshow in UK, which met with good response from international investors. It expects a net profit in 2Q16. It plans to invest in Cambodia to support revenue and net profit. It expects to sign Bt12.9bn in projects in Laos by July. (Khao Hoon, 06/06/16)
SPA
SPA expects 2Q16 earnings to be good backed by Baan Suan despite being the low season. It expects 2016 revenue of Bt750mn with Bt157mn net profit. (Khao Hoon, 06/06/16)
Comment: If you believe in the acquisition model of SPA then go for it.
TK
TK expects 2Q16 to be good driven by loans from the previous quarter. It expects cost of funding to benefit from lower interest rate, with a spread wider than 30%. (Thun Hoon, 06/06/16)
TMB
TMB restored its savings interest rate to 0.125% after customers after a cut to zero sparked a public outcry. It wished to encourage clients to diversify to other investment after the bank’s liquidity increased to 8-9%. (Thun Hoon, 06/06/16)
TTCL
TTCL targets 2016 revenue growth of 15% from last year. It expects Bt100bn in bids to be awarded soon. (Khao Hoon, 06/06/16)