Stocks in the news (banpu, bcp, hmpro, kbank, ktb, mc, mtls, pjw, sat, scc, tcap) 07.09.16
BANPU
BANPU’s last day to get BPP IPO reserve. Today is the last day to buy BANPU and get rights to reserve BPP IPO and dividend of Bt0.25. The stock will be posted as “XB-XD” on September 8. (Khao Hoon, 7/9/16)
Comment: Most certainly one way of ensuring your share price stays elevated
BCP
BCP to IPO BCPG this month. It is issuing ~ 590mn IPO shares with initial price estimated at Bt9.80-10.00 per share. (Khao Hoon, 7/9/16)
HMPRO
HMPRO to add branches. It plans to add more branches and set up marketing campaigns and promotions to attract customers. (Thun Hoon, 7/9/16)
KBANK
KBANK expects 2016 fee income to grow 5-12%, supported by investment banking deals, issuing bonds, M&A, REIT IPOs and extending loans to large corporate customers (expected growth of 4-5%) and SME (expected growth of 5-7%). (Khao Hoon, 7/9/16)
Comment: Looks there is no impact from decrease in transfer fees to KBANK
KTB
KTB expects SME recovery in 2H16, aided by government support and loans to construction companies. It targets 2016 loans of Bt25bn. (Thun Hoon, 7/9/16)
MC
MC expects 4Q16 earnings to do well, driven by high season of sales. It targets 2016 growth of 15% and plans to expand domestically and regionally. (Thun Hoon, 7/9/16)
MTLS
MTLS ready for a roadshow for foreign institutional investors on 7-9 September. It aims to be a leader in nano-finance and loans secured by vehicles. It expects 2016 earnings to be the highest, supported by loan growth and expansion to 1600 branches. (Thun Hoon, 7/9/16)
PJW
PJW to invest Bt400-500mn in China, via a takeover or partnering with local companies. It plans to push revenue from China to reach 20% and targets 2016 revenue to grow 8-10% with gross profit margin near 6.31%. (Thun Hoon, 7/9/16)
Comment: I’m not sure if this is a good idea, who is PJW in the larger scheme of things in China?
SAT
SAT says 2016 earnings will slow down, pressured by the industry slowdown. It plans to get two new projects worth Bt200mn. (Khao Hoon, 7/9/16)
Comment: We do still wonder that given its nearly 5 years since the first car purchase scheme, will demand normalise?
SCC
SCC to turn mined-out land over to government to build Pracharat home projects on 61 rai, as approved by the cabinet yesterday . (Khao Hoon, 7/9/16)
TCAP
Scotiabank shelves TBank divestment. Bank of Nova Scotia (Scotiabank), Canada’s third largest lender by assets, has shelved plans to sell up to a 49% stake in Thanachart Bank (TBank) because of the fragile global economic recovery, according to a source in the banking circle. (Bangkok Post, 7/9/16)
Comment: In other words, “we couldn’t find a buyer”