Stocks in the news (apco, bem, color, fn, intuch, jsp, lph, mill, pjw, sappe, tkn, tmi, tnp, tpch, tsf) 07.02.17
APCO
APCO expects to move to trade on the main board of the SET on February 23. It targets 2017 sales growth of 10% supported by expanding to the online market abroad. It expects sales to increase to Bt750-800mn within 18-24 months. (Kao Hoon, 07/02/17)
BEM
BEM is waiting to sign the Blue Line contract worth Bt918mn which it will receive on February 9. (Thun Hoon, 07/02/17)
COLOR
COLOR targets 2017 revenue of Bt1bn, up 18%. It expects local market share of 15%. It also plans to expand to ASEAN, Australia, and Europe to increase exports to comprise 20% of revenue. It plans to increase capacity of its filler segment to 60,000tons/year. (Kao Hoon, 07/02/17)
FN
FN plans to do a roadshow in ASEAN which it hopes will boost the number of foreign investors. It will provide more information by 4Q17. It plans to open two new branches and targets 2017 revenue growth of 20% backed by customer expansion. (Thun Hoon, 07/02/17)
Comment: I think that a lot of their value will come from their ability to rent out space to key tenants combined with the selling of their own branded products. It is true that if you go to their locations you’ll see it buzzing even on weekdays.
INTUCH
INTUCH will pay a dividend of Bt1.61/share, XD on Apr 7 and payment on Apr 28. It reported 2016 net profit of Bt16.3bn and revenue of Bt24.7bn. (Thun Hoon, 07/02/17)
JSP
JSP expects 2017 revenue to reach Bt5bn. It plans to launch seven projects in 1Q17. It plans to do rebranding to broaden its customer base. (Kao Hoon, 07/02/17)
LPH
LPH has an investment budget of more than Bt1.1bn to add four service centers, build Ladprao Hospital 2 and is negotiating to buy shares of a hospital on Pattanakarn Road, which it expects to conclude by mid-2017. It expects 2017 earnings to be good supported by SSO patients. (Thun Hoon, 07/02/17)
Comment: Another hospital expanding and supported by the SSO patient scheme.
MILL
MILL expects 1Q17 earnings to be good thanks to more orders from big government projects while steel price still high at Bt16-17/kg. It expects 2017 volume growth of more than 10%. (Thun Hoon, 07/02/17)
PJW
PJW targets 2017 revenue growth of 5-10%. It plans to revise its revenue target after the Motor Show. It plans to invest Bt250mn in a new plant in China, with more details in March. (Kao Hoon, 07/02/17)
SAPPE
SAPPE targets 2017 revenue growth of 10-15%. It plans to launch new products both in Thailand and abroad. It plans to export to a new country, adding to its current export portion of 60%. It has an investment budget of Bt80-100mn to improve production capacity. (Thun Hoon, 07/02/17)
TKN
TKN expects 2017 sales growth of 15-20% aided by the boom in tourism. It is looking for Chinese distributors in order to expand in China, with hopes of covering 28 provinces. It expects this to increase exports to comprise 57% of total revenue. (Thun Hoon, 07/02/17)
Comment: We’ve heard that they will try to expand to North America as well.
TMI
TMI plans to launch a new product, “power bank”, on Feb 23. It expects this to contribute revenue of Bt20mn, focusing on big data segment. It expects to supply light bulbs in Myanmar and Vietnam, with large orders. It targets 2017 revenue to grow 20%, fuelled by a positive outlook for the economy. (Thun Hoon, 07/02/17)
TNP
TNP expects 2017 revenue to grow 15%. It is budgeting Bt70mn to open four stores. Its 2016 revenue growth achieved its target of 15% thanks to its expansion. (Kao Hoon, 07/02/17)
TPCH
TPCH signed an MoU with the Lao government to study a 52.1MW hydropower plant in Sebagian. It targets alternative energy power generation to reach 80MW within 2020. (Thun Hoon, 07/02/17)
Comment: I’ve learnt a bit more about hydropower recently and what they’ve found is that in time there will be a massive amount of earth whatever you call it amassing at the bottom of the hydroplants => leads to the lands that used to receive this earth from the rivers becoming unable to be used for crop cultivation.
TSF
TSF said local and foreign clients are interested in out-of-home media. Most recently, Vaseline Thailand is budgeting Bt18mn to launch ad media in front of 7-Eleven stores for the whole of 2017. It targets to develop more products to support higher demand. (Thun Hoon, 07/02/17)
Xavi
AIS doing a good job of disrupting markets where True was dominant. First FBB and now pay TV. Will this lead to escalating losses and a fresh capital injection from CP or CM? The saying “throwing good money after bad” comes to mind.