Stocks in the news (ba, biz, ck, coman, cpf, ea, ecf, fn, fpi, fsmart, jwd, ktc, lit, lph, mc, ptg, ratch, tacc, tfd, trc, tvd, vng) 14.11.16
BA
BA plans to expand routes and flights in 2017 to enable it to increase the number of passengers. It will receive delivery of 1-2 new planes in December. It reported 3Q16 earnings growth of 15% with revenue of over Bt6.7bn, supported by high season. (Thun Hoon, 14/11/16)
BIZ
BIZ reported 3Q16 net profit of Bt61.12mn, growth of 40,906% YoY from Bt0.15mn, with 9M16 net profit of Bt69.6mn from a net loss of Bt2.74mn in 9M15. It had total revenue of Bt509.14mn, up from Bt74.4mn last year and is keeping its 2016 target revenue growth at no less than 50-60% supported by its backlog of Bt376.46mn. (Thun Hoon, 14/11/16)
Comment: They’re actually in a fairly interesting industry here effectively manufacturing medial devices.
CK
CK expects to get Orange, Yellow and Pink Line construction in 2017, expanding its backlog of Bt50bn. It expects 2016 revenue to reach target of Bt45bn. (Thun Hoon, 14/11/16)
Comment: Well then theres nothing left for the other players in the market
COMAN
COMAN closed at Bt10.8, 38.46% above its IPO price. It is confident that 2016 revenue will grow 20%. It plans to use the funds to acquire a tourism software business for Bt170-190mn. (Kao Hoon, 14/11/16)
Comment: 🙂
CPF
CPF reported 3Q16 net profit of Bt5.18bn or growth of 45%, with revenue of Bt122.55bn, rising 10%. 9M16 net profit is Bt12.97bn, growth of 36%. This was underwritten by business expansion abroad. (Kao Hoon, 14/11/16)
EA
The board approved EAs move to the SET from mai. The board also approved spending TWD618mn to invest in Amita in Taiwan, which will diversify its business to develop and produce batteries. It expects to finish the deal in December. It reported 9M16 profit of Bt2.42bn or growth of 18%. (Kao Hoon, 14/11/16)
Comment: No surprise here, it’s a bit too large for the MAI with a market cap of THB 111 bn
ECF
ECF expects 4Q16 business to be good supported by high season. It plans to distribute its product in stores and retail furniture under the Costa brand. It reported 9M16 profit of Bt61.03mn with revenue of more than Bt1bn supported by booking revenue from a power plant in Japan. (Thun Hoon, 14/11/16)
FN
FN will trade on the SET today. It expects its share to move above its IPO price of Bt3.88. It plans to open a new branch in Ayutthaya this month. It reported 9M16 profit of Bt100mn. (Thun Hoon, 14/11/16)
Comment: And boom! Another positive IPO
FPI
FPI reported 3Q16 net profit of Bt58.68mn, an increase of 3.82% YoY. It expects 2016 revenue growth of no less than 10% backed by more OEM orders and a rise in average selling price. It expects to operate a factory in India by early 2017. (Thun Hoon, 14/11/16)
FSMART
FSMART reported 9M16 revenue of Bt1.69bn, growth of 41.5%, with profit of Bt287mn, a rise of 47.5%. It reported 3Q16 revenue of more than Bt600mn and profit of Bt104mn, growth of 38.5% and 47.3% respectively. Backing the growth was a faster expansion of Boon Term to more than 85,656 machines. (Thun Hoon, 14/11/16)
Comment: So imagine if AIS switches everything from 7-11 to Boonterm?
JWD
JWD plans to expand its customer base for the JCS project. It targets a 100% occupancy rate in 2017 from 40% at present. It expects 3Q16 revenue to grow, brought by good response. (Thun Hoon, 14/11/16)
Comment: Rather poor 3Q #’s, the only saving grace for this stock is the supposed REIT otherwise there isn’t much here
KTC
KTC plans to focus on staff and technology development in 4Q16 and next year to prepare for National E-payment and Fintech. It targets 2016 loan growth of 10%. (Thun Hoon, 14/11/16)
Comment: This company has continued to astound me with the ability to improve operations
LIT
LIT reported 3Q16 net profit of Bt26.81mn, up 49.28% after its loan portfolio reached Bt1.47bn from end-2015’s Bt1.06bn. It expects 9M16 and full year performance to be a record high on the back of SMEs loan growth. (Thun Hoon, 14/11/16)
LPH
LPH reported 9M16 net profit of Bt123.65mn, growth of 95%, on a 39% growth in 3Q16 net profit to Bt43mn. This was supported by continued growth in return on investment. (Kao Hoon, 14/11/16)
MC
MC reported 3Q16 earnings of Bt132mn, up 17.3% YoY, bringing 9M16 net profit to Bt525mn (+9%YoY). It plans to adjust its strategy to boost its sales for the rest of the year. It expects revenue to grow 15% as targeted. (Thun Hoon, 14/11/16)
Comment: Topline growing 2x the rate of the bottom line, can’t be a good sign?
PTG
PTG reported 3Q16 net profit of Bt160mn, up 127% on the back of better management despite it being low season. Oil sales reached 686mn liters, up 35%. It expects 4Q16 earnings to be good with EBITDA growing over 30%. (Thun Hoon, 14/11/16)
Comment: Just wow.
RATCH
RATCH reported 3Q16 net profit growth of 2,281% to Bt841.51mn. It plans to build Mt. Emerald Wind Farm and diversify to new business. It will bid for the Pink and Yellow Lines. (Kao Hoon, 14/11/16)
TACC
TACC reported 9M16 net profit of Bt73mn, up35%YoY, boosted by higher sales in 7-Eleven. It expects growth in 4Q16 on the back of launching two new products and on seasonality. (Thun Hoon, 14/11/16)
TFD
TFD expects to sell land in TFD2 IE, valued at Bt7bn after it IEAT approved TFD to set up 840 rai. It expects this to contribute revenue in 4Q16 because foreign clients are interested in this area. TK TK expects a good performance in 3Q16 with controlled NPLs because of more strict oversight over loan approvals. It is budgeting capital investment for next year. It expects motorcycle sales to grow steadily. (Thun Hoon, 14/11/16)
TRC
TRC expects to sign the contract for the Bt32.66bn potash project in 4Q16 or 1Q16, raising its backlog from Bt4.67bn. It plans to take part in the fifth PTT gas pipeline at the end of this year or at the beginning of 2017. It reported 3Q16 net profit of Bt70mn, up11.62%. (Thun Hoon, 14/11/16)
Comment: It’s been how many years since we’ve been hearing about this Potash project?!
TVD
TVD targets 2017 revenue to grow 20% from 2016’s Bt3.4-3.5bn. It plans to invest in a new business model with a Japanese partner. It plans to offer four products from Japan.(Thun Hoon, 14/11/16)
Comment: Many moving parts in this company and I’m not sure they will be able to get everything streamlined as quickly as people may imagine, if they could then sure its worth far more then where it is today, if not then hmmm
VNG
VNG approved an increase in MFD capacity by a subsidiary of 0.21 MCM which will bring total capacity to 1.38 mcm per year. This plan will cost Bt2.2bn and it expects it to supply demand from at home and abroad. (Thun Hoon, 14/11/16)