Stocks in the news (bcpg, human, itel, planb, pylon, seafco, tacc, teamg, the, vgi) 23.07.18
BCPG
BCPG to start commercial operations of the first two solar projects with the Veterans Administration and sell electricity to the grid in July. (Thun Hoon, 23/7/18)
HUMAN
HUMAN expects 3Q18 revenue to grow, supported by Sigma accounting and tax service revenue, booking from July 1. In 2H18, it plans to launch a new product. It expected revenue and earnings growth of 20-30% in 2018. It is negotiating for four potential acquisition deals both local and overseas. (Kao Hoon, 23/7/18)
ITEL
ITEL says it may be awarded TRUE’s Bt50-100mn Wi-Fi setting and internet connection project. It expects 2H18 earnings to be good and will book Bt600-700mn from backlog of Bt2.4bn. It targets 2018 revenue growth of 40%. (Thun Hoon, 23/7/18)
PLANB
PLANB expects its 2018 earnings growth of 15-20% supported by a utilization rate for media of over 70%. it will book profit from BNK48 investment at the end of this year. (Thun Hoon, 23/7/18)
PYLON
PYLON expects its 2018 revenue to be higher than last year’s Bt721.21mn. It is planning to invest in machinery and equipment to prepare to bid for new projects with total value of Bt2bn. It expects to receive 20-25% of project value. (Thun Hoon, 23/7/18)
Comment: Share price has come down by 1/3 but it’s still one of the most expensive names in the sector….it does boggle the mind in a way given that Alphabet (google) trades @ 20x PE and PYLON trades @ 40x
SEAFCO
SEAFCO has backlog of Bt4bn and expects to book no less than Bt1.5bn in revenue this year. It is bidding for more than 100 projects with total value of Bt10bn and expects to win 30-40% of these. It is also bidding for 2-3 property projects in Myanmar that are expected to be concluded in 3Q18. (Thun Hoon, 23/7/18)
Comment: Unlike pylon, it’s still staying high up!
TACC
TACC says 2Q18 will recover as it has taken care of the sugar tax issue. All product lines are showing revenue growth: All Café beverage, bakery, beverage boxes, supporting 2H18 revenue. (Kao Hoon, 23/7/18)
Comment: Fear is that CPALL turns around and says “thank you we’ll do your business ourselves”
TEAMG
TEAMG says it was awarded a new project with total value of Bt400mn in 2Q18. its backlog is expected to increase steadily as it bids for government and private sector projects as well as projects outside Thailand. It targets 2018 revenue growth of no less than 10%. (Kao Hoon, 23/7/18)
THE
THE expects 2H18 performance to grow YoY, backed by increased steel demand. It benefits from government disbursement for infrastructure. Steel price rose to US$63/ton. It targets steel sales of 1.2mn tons this year. (Thun Hoon, 23/7/18)
VGI
VGI partnered with Channel 7 to establish a joint venture, BV Media Ads, to manage media and public relations. Synergy will create growth opportunities. (Kao Hoon, 23/7/18)
Comment: VGI could be one of the few agents/platforms that actually knows what they are doing in Thailand