Stocks in the news (banpu, bcp, salee, sgp, sr, twz) 21.07.17
BANPU
BANPU to invest USD350mn in the gas, power plant, and mining businesses. It is ready to develop a five-year plan. ( Thun Hoon, 21/7/17)
BCP
BCP approved a JV with KSL by a subsidiary. This is to strengthen its ethanol business. The process is expected to be done within October. (Thun Hoon, 21/7/17)
Comment: BCP benefits the most from this deal, but for KSL quick #’s indicate could add THB 0.5-1/share
SALEE
SALEE targets 2017 growth revenue of 10-15%YoY. It is now expanding its customer base. (Khao Hoon, 21/7/17)
SGP
SGP says that 2H17 performance will be better than 1H17. It says that 4Q17 is high season. It will finalize investment in Myanmar this year. (Thun Hoon, 21/7/17)
Comment: Every once in a while they are trading the price of gas and make massive mark to market losses.
SR
SR has subsidiary TKS Venture Ltd enter into a JV to build parking buildings at Thammasat University, Rangsit Campus. (Thun Hoon, 21/7/17)
TWZ
TWZ expects Bt120mn revenue from three solar farm projects with total production power of 15 MW, with a gross margin of 40-50%. (Khao Hoon, 21/7/17)