Stocks in the news (aot, bem, big, bjchi, epg, irpc, gold, ml, nwr, tisco, tm) 17.04.17
AOT
AOT is interested in investing in Mae Sod and Khon Kaen airports to build them up as aviation hubs in the special economic zone. It targets three large projects in the Suvarnabhumi Airport worth Bt130bn to be done by 2021. (Khao Sod, 17/4/17)
Comment: It is interesting that the Philippines has been faster at setting up new regional airports than Thailand
BEM
BEM’s board approved signing a contract with CK for project management, supply, installation, and test run of the M&E system on the MRT Blue Line worth Bt19.6bn. It plans to ask approval from shareholders on June 21. (Kao Hoon, 17/04/17)
Comment: No surprises here
BIG
BIG will pay dividend of Bt0.07/share, XD on May 9. It expects 2017 performance to continue to another record high brought by positive industry outlook. It continues to invest in the printing business. It plans to open more BIG Mobile branches. (Thun Hoon, 17/04/17)
BJCHI
BJCHI expects to benefit from recovering oil price. It plans to take part in Bt35bn bids and expects to get projects to add to its existing backlog of Bt1.6bn which can cover revenue until 4Q17. (Thun Hoon, 17/04/17)
EPG
EPG is budgeting Bt2bn for business expansion and machine improvement. It targets 2017FY revenue of above Bt10bn aided by recovery in the construction and auto sectors. (Thun Hoon, 17/04/17)
IRPC
IRPC expects 1Q17 earnings to reach Bt1.9bn, up 43% QoQ supported by higher spread and FX gain. (Kao Hoon, 17/04/17)
GOLD
GOLD’s backlog is Bt3bn. It plans to launch two projects valued at Bt2.3bn in 2Q17. It expects this to push up its 2017 presales to Bt18bn. (Kao Hoon, 17/04/17)
ML
ML plans to expand to Cambodia to expand its leasing business, with a conclusion in 3Q17. It expects 2017 loans to grow not less than Bt4.5bn on the back of high demand from SMEs. (Thun Hoon, 17/04/17)
NWR
NWR got Bt1.6bn projects within the first three months of this year. It expects 2017 backlog to reach Bt10bn. It expects 2017 revenue growth of 10-15%. (Thun Hoon, 17/04/17)
TISCO
TISCO expects to report 1Q17 net profit today and expects to report a record high of Bt1.35bn, up 8%. Behind this is lower provisions. It expects 2H17 performance to be good brought by the personal loan portfolio from Standard Chartered, which it expects will boost earnings by Bt1.4bn/quarter. (Kao Hoon, 17/04/17)
Comment: Beat every analyst’s expectations
TM
TM expects robust earnings in 1Q17. It expects 2017 revenue to be not less than Bt600mn. It is talking to a prospective partner to invest in kidney dialysis equipment, with a decision soon. It targets sales of the Pencil mini robot of 200 units, supporting its long term growth. (Thun Hoon, 17/04/17)