Stocks in the news (aot, bec, bgrim, big, irpc, kbank, mtls, prm, ptg, ticon) 05.04.18
AOT
AOT expects 3mn passengers to flood into its six airports, +14.4%YoY, with 17550 flights, +12%YoY. (Khao Hoon, 5/4/18)
Comment: Mind boggling numbers, expect several headlines regarding the immigration queues being ridiculous.
BEC
BEC signals 1Q18 earnings turnaround, driven by a big soap opera hit, “Buppaesanniwas”, that has raised ad revenue. It targets 2018 revenue of Bt11.2bn. It is planning to sell soap opera rights to foreign operators. (Thun Hoon, 5/4/18)
Comment: 1 show doesn’t imply a permanent turnaround for the business
BGRIM
BGRIM gets the biggest solar energy project in ASEAN, 420 MW in Vietnam. It plans to set up a JV in April. (Thun Hoon, 5/4/18)
Comment: Given the rubbish coming out of the energy ministry I suspect that more and more of the bigger players will just look overseas
BIG
BIG targets 2018 revenue to grow 10-15% by adding more outlets that print. It plans to invest Bt10mn in “Big Camera Festival 2018”. (Khao Hoon, 5/4/18)
IRPC
IRPC targets revenue and earnings this year to be higher than last year, driven by booking of UHV project and an increase in polypropylene production on 700,000 tonnes/year. (Khao Hoon, 5/4/18)
KBANK
KBANK reports that its shareholders did not approve a US$500mn for an M&A or JV in CLMVI. It has also adjusted its NII target to a contraction of 6-8% from zero growth in 2018. (Thun Hoon, 5/4/18)
Comment: Too many negative factors occurring around banks at the moment
MTLS
MTLS signals 1Q18 earnings to grow 40% as targeted. It plans to open 213 new stores, raising the number of stores by yearend to 600. (Thun Hoon, 5/4/18)
Comment: What debt issue in Thailand? Consumers seem to be happy to be receiving collateralised loans
PRM
PRM said 2Q18 earnings will be strong, driven by booking revenue from Big Sea. It targets 2018 revenue to hit Bt5bn. (Khao Hoon, 5/4/18)
PTG
PTG is having “Ka Fae Phan Thai” buy 70% share in “Chit mas” for Bt31.50mn to be a kitchen center for PT. (Khao Hoon, 5/4/18)
Comment: Just a continuation of the plan to add re non-oil revenues, this kitchen center should theoretically serve all of their mini marts.
TICON
TICON has set up TICON Technology and is bringing STT GDC from Singapore to develop a data center business. It plans to set up first data center in Bangkok. (Thun Hoon, 5/4/18)
Bo Stenberg
Am I hallucinating or have the BOT just taken their club foot off the cheap baht pedal? Bad news out of D.C. perhaps? And whose idea to pull the rug out from under the banks?
Pon
What news/event are you referring to for the BOT?
Government won’t have an impact on the SME lending rates.