Stocks in the news (aq, bcpg, dimet, drt, ilink, itel, loxley, ori, prin, pttgc, smpc, sr, tacc, tpch, tpipl, ureka) 14.09.16
AQ
AQ sold 100% of AQ ALIX which generated revenue of Bt670mn. It plans to launch a new housing project at the end of 2016. (Kao Hoon, 14/09/16)
BCPG
BCPG set its IPO price at Bt10, the top in the price range, in response to good institutional investor interest. It expects to trade in September. (Thun Hoon, 14/09/16)
Comment: I am curious to see how this shall perform on the first day.
DIMET
DIMET plans to wipe out retained losses of Bt17mn and expects pay a dividend of no less than 40% of net profit. It plans to cooperate with a construction company to expand its customer base. It has big orders from China and the Philippines that will increase revenue to Bt800mn. It plans to do a 20MW solar farm. (Thun Hoon, 14/09/16)
Comment: People love a good turnaround, newly dividend paying stock.
DRT
DRT has cut its target 2016 revenue to Bt4.17bn in response to the slowdown in the construction materials industry. However, it is confident that net profit will be better than last year’s Bt330mn due to better cost management. It has budgeted Bt500-600mn to increase capacity. (Kao Hoon, 14/09/16)
ILINK
ILINK got a job from PEA worth Bt309mn. It expects to get a job to lay fiber-optic lines for a substation worth Bt620mn and a job from the MEA to move electric wiring underground and well as laying underwater cable to Koh Samui. This will lift its backlog from Bt1.1bn. (Thun Hoon, 14/09/16)
Comment: Now the story is effectively done for ILINK for the next few quarters as the IPO of the subsidiary is done and even they themselves have said this is every project that they expected to win this year
ITEL
This is ITEL’s first trading day. It expects to trade above its IPO price of Bt5.20. It expects more investors to buy shares in the market. (Thun Hoon, 14/09/16)
Comment: And like every other small company it did well on its first trading day.
LOXLEY
LOXLEY is confident that 2H16 earnings will continue to grow. It will realize revenue from its backlog of Bt9.8bn. It plans to bid for new jobs worth Bt9bn over the rest of the year. (Thun Hoon, 14/09/16)
ORI
ORI plans to launch Knightbridge Prime Sathorn condominium worth more than Bt3.8bn on Oct 1-2. This will focus on working people above B class. (Kao Hoon, 14/09/16)
Comment: Strange that Templeton just took 25 mn shares @ THB 10 /share in the company
PRIN
PRIN has budgeted Bt1bn to buy land in the Bangkok metropolitan area. It expects 2016 revenue to reach target of Bt2.9bn and sales of Bt3bn. It has backlog of Bt500-600mn. It plans to launch four new projects in total worth Bt2.45bn. (Thun Hoon, 14/09/16)
PTTGC
Japanese firms collaborate with PTTGC. KURARAY CO and Sumitomo Corporation, both Japanese companies, have agreed to join PTT Global Chemical, Thailand’s largest and AsiaPacific’s leading integrated petrochemical and refining company, in conducting a front-end engineering design for the development of manufacturing and sales capabilities for two plastics in Thailand. (The Nation, 14/09/16)
SMPC
SMPC expects 3Q16 earnings to continue to grow from net profit of Bt149mn in 2Q16 and expects 2016 revenue growth of 15-20% from last year. It plans to increase capacity to 7.2mn gas tanks by the end of 2016. It plans to expand abroad with a focus on markets in Asia and Africa. It expects to finalize this move next year. (Thun Hoon, 14/09/16)
SR
SR expects 2016 profit to grow supported by better cost management. It expects 2H16 earnings to be good supported by its backlog of Bt800mn, of which it will book 50% this year. It expects to conclude a deal to invest in a 5-10MW solar farm this year and plans to open an NGV station. (Kao H oon, 14/09/16)
TACC
TACC expects 2016 revenue and profit to record a new high and expects revenue growth of 15%. It plans to sell new products in Cambodia and send durian and mango beverages to China in 4Q16. It expects to increase revenue from abroad. It plans to sell Japanese donuts in 7-Eleven. (Kao Hoon, 14/09/16)
TPCH
TPC Power takes 45% of Siam Power. TPC Power Holding (TPCH), one of only a few alternative-power companies in the deep South, has invested in a 45-per-cent stake in Siam Power in preparation for a waste-to-energy plant in Nonthaburi. (The Nation, 14/09/16)
TPCH
TPCH maintains 2016 revenue target growth of more than 200%. It plans to COD a 10MW biomass power plant in September and expects to COD another 40MW at the end of 2016. It expects to sign an MOU for a hydropower plant in Laos this October. (Kao Hoon, 14/09/16)
Comment: The issue for TPCH seems to be that EGCO wants to enter into the industry.
TPIPL
TPIPL expects to COD waste power plant in early 2017. It is bidding for 120MW. It expects TPIPP to trade in the market this year. (Thun Hoon, 14/09/16)
UREKA
UREKA expects 2H16 to turn to profit supported by its backlog of Bt182.5mn, of which it will book Bt130mn this year. However, it cut its revenue target to Bt320mn due to job delays. It plans to announce its logistics automation partner in September. (Kao Hoon, 14/09/16)