Stocks in the news (aot, beauty, bsm, bwg, cgd, ecf, epco, ihl, jas, kool, lanna, lpn, nusa, ps, tasco) 20.09.16
AOT
AOT expects 2016 profit of more than Bt19bn. It expects 4Q16 profit of Bt4.2bn, growth of 10% YoY, supported by more passengers and more flights. (Kao Hoon, 20/09/16)
Comment: There have been mumurs that if Thailand really does crack down on the zero dollar tourists from China that AOT could lose 10% of revenues
BEAUTY
BEAUTY sets 2016-2020 revenue target growth of 20% each year supported by expanding into Asia. It expects to conclude a deal to set up a distributor in Hong Kong in 4Q16 and increase revenue from other business. It expects 2016 revenue of more than Bt2.1bn. (Kao Hoon, 20/09/16)
BSM
BSM expects 2H16 revenue and profit to grow supported by high season and signing a contract for a Bt100mn job in 4Q16. It maintains its 2016 revenue target at Bt700mn. (Kao Hoon, 20/09/16)
BWG
BWG plans an industrial waste power plant. Recently, it cooperated with EGCO to study a project to develop an industrial waste power plant. It expects to set up the first industrial power plant capacity of 9.4MW and COD within 2017. (Kao Hoon, 20/09/16)
Comment: This funny little company seems to be finding a way to make things happy
CGD
CGD gets B13bn for project. SET-listed Country Group Development Plc (CGD) has secured US$375 million (about 13 billion baht) through China Ping An Bank to continue developing luxury project Chao Phraya Estate. (Bangkok Post, 20/09/16)
Comment: Sounds like they had quite the capital crunch…
ECF
ECF is negotiating for a 50MW biomass power plant, with 30MW expected to be finished this year. It plans to invest in more than 40MW in solar farms in Asia and to hold 20% share. The furniture business continues to be good. It plans to open three new branches. (Thun Hoon, 20/09/16 )
EPCO
EPCO expects 3Q16 earnings to be good after booking power plant revenue. It expects 4Q16 earnings to be peak after the 12MW power plant in Japan came on line and it will also book revenue from 120MW PPTC and 240 SSUT power plants. It expects to do a 5MW solar farm and expects to have total capacity of 600MW. (Thun Hoon, 20/09/16)
IHL
IHL is confident that 2H16 earnings will be good even though the auto market is still slow. It estimates 2016 total revenue at Bt2.5bn, supported by more orders and expects net profit to grow more than 9%, exceeding the 8.38% in 2015. It expects 2017 earnings to be outstanding, backed by the protein production business, which has a gross profit margin of more than 50%. (Thun Hoon, 20/09/16)
JAS
JAS chief’s offer raises eyebrows. Pete Bodharamik, chief executive and biggest shareholder of Jasmine International Plc (JAS), stunned the market yesterday by announcing a tender offer for 4.09 billion shares and 2.73 billion units of warrant-3 (W3) that he does not already own in a deal worth up to 40 billion baht. (Bangkok Post, 20/09/16)
Comment: One could argue that JAS is the best performing telco company in Thailand when judged upon the stock price performance over the past 12 months
KOOL
KOOL expects profit to record a new high after 1H16 revenue of Bt101.96mn. It expects to conclude a plan to do a service business for at least 1 customer from more than 10 customers. It is confident that 2016 revenue growth will hit the target at 50% from last year. (Thun Hoon, 20/ 09/16)
Comment: Their share price has been astounding too. I didn’t quite understand why this company has been performing so well…oh well.
LANNA
LANNA plans to do a coal power plant business in Indonesia, capacity of 100-200MW. It is interested in bidding for a biomass and waste power plant in Thailand. It targets 2016 coal sales of 6mn tons. It has budgeted USD50mn to expand capacity phase 3 in Indonesia. It expects 2016 revenue of no less than Bt10.2bn. (Thun Hoon, 20/09/16)
LPN
LPN expects 4Q16 sales to be a new high, backed by launching new projects. It recorded presales in the 8M16 of Bt6.6bn and has more than Bt8bn in projects. (Thun Hoon, 20/09/16)
Comment: Arguably the biggest underperformer this year when compared to the rest of the property companies on the SET
NUSA
NUSA expects to expand to ASEAN at the end of the year. It sets three-year target to increase revenue from abroad to reach 10%. It is confident that 2016 earnings will have profit even though it had a loss of Bt86.59mn in 1H16. It maintains 2016 target presales at Bt4bn with revenue of Bt2bn. It plans to open five new projects worth more than Bt5bn next year. (Thun Hoon, 20/09/16)
Comment: Wait with what expertise? What knowledge?
PS
PS expects 2016 revenue will reach its target of Bt53bn with presales of Bt51bn. It plans to launch 33-38 new projects worth Bt30.4-34.4bn in 2H16. Recently, it donated 144 rai in Pathum Thani for a “monkey-cheeks” project. (Kao Hoon, 20/09/16)
TASCO
TASCO expects 3Q16 revenue achieve target growth of 10% supported by high season and more demand from abroad compared with other quarters. (Thun Hoon, 20/09/16)
jerry nissen
Hello Kuhn Pon,
I really enjoy your notes, etc. But what I enjoy most is your “comment” section. IMHO Thai companies publish lots of “plans” which apparently have nothing substantial behind the expressed “wishful thinking.”
So, we all appreciate the comment section… adding a crucial element!
Have a good week
Pon
Thanks much appreciated. Though I wouldn’t be surprised if I’m wrong more than half the time with my comments. Haha.