Stocks in the news (apco, bec, eureka, grand, gunkul, intuch, ps, pttgc, sappe, sawad, spcg, takuni, thai, thcom, thai, thcom, tog, tta, wha) 14.08.14
APCO
APCO to do a PO of 28mn shares. The proceeds will be used to develop BIM Healthcare this year. It also plans to move to the SET early next year. It is confident that net profit this year will grow no less than 60%. (Kao Hoon, 14/08/14)
Comment: With such a performance i too would take advantage of my stock price raise and raise capital.
BEC
BEC risks losing share of Channel 3 analogue — After Sept 1, BEC World Plc, the operator of Channel 3, could risk losing its share of the analogue channel as it needs to follow the must-carry rule after the Central Administrative Court dismissed its request for exemption from the rule implementation. (Bangkok Post, 14/08/14)
EUREKA
EUREKA says backlog is over Bt100mn and expects to realize all of it this year. It is also in the process of bidding for new projects both at home and abroad worth more than Bt200mn. (Kao Hoon, 14/08/14)
GRAND
GRAND expects record high net profit in 3Q14 as it transfers Hyde Sukhumvit worth Bt2bn. The company plans to use the funds to service debt and bring D/E to 0. Its hotel business is robust as it has many bookings. It expects net profit of Bt1.3bn in 2014 and will invest Bt1.5bn in a large project, expected to generate net profit of Bt1bn. (Thun Hoon, 14/08/14)
Comment: It’s straightforward for GRAND, they’ll have fantastic earnings and then nothing for another 2-3 years while they figure out what to do next.
GUNKUL
GUNKUL posted net profit of Bt104.94mn in 2Q14, +637.45% YoY. Management expects a robust performance in 2H14 as it will bid for additional projects to bring backlog up from Bt1.2bn and set up a subsidiary focusing on renewable energy. The company’s revenue will reach Bt3bn, +50% YoY.(Thun Hoon, 14/08/14)
Comment: This is expected for GUNKUL the next phase will be the earnings coming through for them on their investments
INTUCH
INTUCH announces dividend of Bt2.23/share; XD Aug 22, 2014 with payment Sep 10, 2014, despite a 5% YoY drop in 2Q14 earnings to Bt3.50bn. 1H14 profit is Bt7.3bn, with lower income from ADVANC. (Kao Hoon, 14/08/14)
PS
Pruksa plans to target high growth of Indian market — Pruksa Real Estate Plc (PS), the country’s largest residential developer, will focus only on India for overseas investment because of strong demand. Chief executive Thongma Vijitpongpun said the company will launch a condo project worth more than Bt2bn in Bangalore after the success of two projects for single houses and townhouses worth a combined Bt1.7bn. (Bangkok Post, 14/08/14)
Comment: You do have to give PS credit for having the guts to expand internationally, and even if it fails its a small
PTTGC
PTTGC eyes bigger Indonesia outlay – PTT Global Chemical Plc (PTTGC), the country’s biggest petrochemical maker, may raise its budget for a facility in Indonesia after a change in its partner’s investment plan. President and chief executive Bowon Sinudom said the joint venture with Indonesian’s oil flagship, PT Pertamina, previously called for co-investing in an olefin cracker worth US$5bn. A feasibility study revealed a better course of expanding the complex’s oil refinery at the same time. As a result, PT Pertamina will change its plan from investing only in petrochemicals to also increasing capacity at the oil refinery on Java from 125,000 barrels per day to 360,000. (Bangkok Post, 14/08/14)
SAPPE
SAPPE reports 2Q14 earnings of more than Bt97mn, bringing 1H14 earnings to Bt239mn. Management reconfirmed its sales growth target of 25-30% this year and will continue expanding abroad. (Kao Hoon, 14/08/14)
SAWAD
SAWAD reports 2Q14 earnings of Bt177mn, bringing 1H14 earnings to Bt363mn, up 30% YoY. The company expects 2H14 business performance to continue to grow.(Kao Hoon, 14/08/14)
Comment: The recent acquisition of its competitors should help to boost its earnings further.
SPCG
SPCG reports jump in 1H14 net profits of more than 222% YoY after all 36 solar farms worth more than Bt22bn have been completed. The company is also ready to start paying back its loans. It will pay a dividend of Bt0.40/share, XD Aug 25. (Kao Hoon, 14/08/14)
Comment: The question now for SPCG is whats the next stage of growth for them?
TAKUNI
TAKUNI sold all its IPO shares and will start trading on mai on Aug 19. Management confirms that the company’s business fundamentals are strong and this attracted investors. (Kao Hoon, 14/08/14)
THAI
THAI needs to find Bt27bn by mid-2015 in order to survive — THAI needs to raise Bt27bn by the second quarter of next year in order to survive. This point was made by the carrier to a subcommittee tasked with the rehabilitation of state enterprises and will be brought up at the superboard’s meeting today.(The Nation, 14/08/14)
Comment: Finally the recap I’ve been expecting is going to happen, will the stock price rise before or after?
THCOM
THCOM reported net profit of Bt498mn in 2Q14, +162% YoY. Earnings growth was supported by growing domestic and overseas broadcasts. The company is preparing to start up Thaicom 7 in 3Q14. (Thun Hoon, 14/08/14)
Comment: As mentioned many a time, the turnaround happened in 2012/3 and now its going to be normal growth going onwards
TOG
TOG posted 1H14 net profit of Bt121.34mn, +95.66% YoY, from Bt59.33mn. Revenue was Bt948.5mn on higher lens sales. It will pay an interim dividend of Bt0.12, XD 26 August 2014. (Thun Hoon, 14/08/14)
Comment: A wonderful little company that continues to perform well. Specsavers (the UK’s largest eyewear chain) is one of its major shareholders.
TTA
TTA’s 3Q14 net profit grew 310% YoY, the highest in five years, as all businesses showed strong earnings. Management believes its businesses are in an upward trend and expects net profit of Bt700-800mn as it will book extra income from listing its subsidiary on the stock exchange in October 2014. (Thun Hoon, 14/08/14)
Comment: With all their write off’s last year its about time this company made a profit.
WHA
WHA 2Q14 earnings increased 26% YoY. It said 2H14 earnings will be driven by expansion in leasable area and also business abroad. The company is confident that revenues this year will be no less than Bt5bn. It also plans to set up a REIT worth more than Bt4.7bn at the end of this year. (Kao Hoon, 14/08/14)