Stocks in the news (aot, beauty, bjchi, cbg, global, itd, lh, nok, oto, sawad, spcg, tasco, tpch, tsr, tvt, uv, vpo, wha) 28.06.16
AOT
AOT expects to benefit from recovery in tourism, more passengers, and growth in flights by low-cost airlines. It targets non-aviation revenue to comprise 50% within three years. It plans to expand terminals in order to handle 6-8% passenger growth each year. (Thun Hoon, 28/06/16)
BEAUTY
BEAUTY expects 1H16 net profit of Bt169.61mn driven by large orders. It expects 2016 revenue to rise 20% from last year on high demand. (Thun Hoon, 28/06/16)
Comment: And the machine still continues..and I continue to bang my head against the wall.
BJCHI
BJCHI took part in a Bt6bn bid abroad. It expects this to increase its backlog from Bt4.2bn. It targets 2016revenue to grow 15% from Bt5.75bn, aided by transfers. (Thun Hoon, 28/06/16)
CBG
CBG plans to expand to Europe. It expects this to strength its brand awareness. It expects 2016 revenue to grow 15-20% driven by a larger local market. (Thun Hoon, 28/06/16)
GLOBAL
GLOBAL expects 2H16 earnings to grow significantly. It plans to open 12 new stores this year. It plans to invest in a system that will save costs. It expects 2Q16 earnings to mark a record high. It plans to expand to Indonesia, the Philippines, Brunei, Vietnam, and Cambodia. (Thun Hoon, 28/06/16)
ITD
ITD signed a contract with Yanhee Hospital to build Inter 3 building, valued at Bt322mn. (Thun Hoon, 28/06/16)
LH
LH expects transfers to reach Bt28bn this year. Its backlog is Bt20bn. It expects to recognize Bt9bn in this year. It plans to launch 14 projects. (Thun Hoon, 28/06/16)
Comment: Still the bread and butter of the property industry. If you want real demand you look at LH, the most interesting part of their business model today is, similar to PS, a shift to more recurring income
NOK
NOK admits that 2016 passengers will miss its target of 10mn after it had to cut flights flight due pilot shortage. It will put off its planned new routes to fourth quarter. (Kao Hoon, 28/06/16)
Comment: Is this really a surprise?
OTO
OTO plans to expand to CLMV. It expects 2016 revenue to achieve target with a net margin of 6.65%. Its backlog is Bt1.4bn, of which Bt900mn is expected to be booked in 2H16. (Thun Hoon, 28/06/16)
SAWAD
SAWAD bought 9.8% of BFIT shares at a price of Bt8/share. It expects this investment to support its main business in the future. It plans to buy more than Bt800mn in bad debt from banks. (Kao Hoon, 28/06/16)
Comment: So are they planning to use BFIT to benefit from issuing their own BE’s?!
SPCG
SPCG got a job to install solar roof capacity of 26.5Kw at Krungsri Bank headquarters. (Kao Hoon, 28/06/16)
TASCO
TASCO expects 2Q16 earnings to be good boosted by higher asphalt prices. It expects 2H16 sales to be good backed by infrastructure projects. It expects this to raise its sales to 2.7mn tons. (Thun Hoon, 28/06/16)
TPCH
TPCH expects to revise up revenue growth to 200% backed by Chaeng Rak power plant, which is under the FiT scheme rather than adder. It expects to reach capacity of 60MW in 2017. It expects to get 36MW PPA. (Thun Hoon, 28/06/16)
Comment: All the biomass companies seem to be “hot” at the moment
TSR
TSR plans to expand to ASEAN by setting up an associated company (49% stake). This company will engage in water filter exports, and it hopes it will contribute revenue of Bt30mn in the first year. It also plans to expand to Vietnam, Indonesia, and the Philippines. It plans to set up plants in AEC. It expects to start a credit business in 4Q16. It expects 2Q16 earnings to be good. (Thun Hoon, 28/06/16)
Comment: I don’t think this expansion is going to yield much for the next 3-4 years
TVT
TVT expects 2Q16 earnings to be good due to a rise in TV production service. It plans to book revenue from acquiring a TV production company in 3Q16. It is confident that 2016 revenue will grow 20-25%. It plans to open a new studio August. (Kao Hoon, 28/06/16)
UV
UV is budgeting Bt400mn to buy 35% of Stonehenge Inter Company. (Thun Hoon, 28/06/16)
VPO
VPO is negotiating with partners in Thailand and abroad to build power plants. It expects 2016 earnings to be positive after a loss of Bt125mn in 2015. Positive earnings is expected to come from an increase in palm price and more orders from customers. (Thun Hoon, 28/06/16)
WHA
WHA is budgeting Bt1.3bn to invest in data centers in three of its IEs (on Vibhavadi Rangsit, Bangna-Trat, and in Rayong). It expects to serve clients inside and outside its IEs. (Thun Hoon, 28/06/16)
Comment: Been doing a lot of work on data centers, from my understanding WHA is only doing the hardware part and thankfully partnering with a Japanese group for the software.