Stocks in the news (bem, big, bigc, gcap, gfpt, grand, gunkul, irpc, ivl, jasif, mint, mtls, pace, ple, richy, rml, sawad, tpc, tsr) 11.05.16
BEM
BEM expects to open MRT Purple Line on Aug 6. It expects this to increase 2016 revenue growth to 15% as it will book Bt500mn/quarter as operating revenue. It expects 60,000 passengers/day. (Khao Hoon, 11/05/16)
BIG
BIG reported 1Q16 earnings of Bt234mn (221% growth) thanks to the boom in digital cameras. It expects revenue and net profit to mark a record high this year. It targets its market share to hit 65% at the end of 2016. (Khao Hoon, 11/05/16)
Comment: Blow out earnings, ignore the fact that its already trading near a market cap of THB 12 bn, retail, research, prop, everyone is loving this.
BIGC
Central Group sells BIGC – Central Group yesterday confirmed it had sold its remaining 25% stake in Big C Supercenter to TCC Group, a holding company owned by tycoon Charoen Sirivadhanabhakdi. (The Nation 11/05/16)
GCAP
GCAP is beginning to offer nano-finance. It expects this to support its performance in 2H16. It expects loans to grow 50% to Bt400mn. It targets nano-finance loans of Bt20mn this year. It targets 2016 revenue to increase 10-15%. It expects to control NPLs to be under 12%. (Thun Hoon, 11/05/16)
Comment: We aren’t quite confident in their ability to grow given that the target customer are farmers…
GFPT
GFPT reported 1Q16 net profit of Bt275mn, up 25.99% because of higher revenue and revenue from investment in associates (McKey and GFN). (Khao Hoon, 11/05/16)
Comment: Subs led the way, rev growth was meh, margins in line, where is this increase in chicken price?
GRAND
GRAND reported 1Q16 net profit of Bt60.06mn from 1Q15 net loss of Bt21.15mn backed by hotel and property business. It expects net profit to return to the black this year brought by government stimulus measures. It is looking for a partner for its hotel business. (Thun Hoon, 11/05/16)
GUNKUL
GUNKUL reported 1Q16 net profit of Bt160.92mn (+209.77%) with total revenue of Bt828.39mn (+289.03%). It expects 2016 revenue to grow 30% to Bt5.8bn backed by Bt2bn backlog that will be booked. It plans to take part in bids. (Khao Hoon, 11/05/16)
IRPC
IRPC expects 1Q16 sales to grow more than 50%. It expects backlog to increase by Bt1bn. It targets 2016 revenue and net profit to increase by 50%. It expects to sign a contract for a Bt200mn project in June. (Khao Hoon, 11/05/16)
IVL
IVL reported 1Q16 net profit of Bt4.1bn, up 900%YoY aided by numerous orders and Bt3bn extra gain. It expects 2Q16 earnings to be good brought by BP-Cepsa plants. (Khao Hoon, 11/05/16)
Comment: Boom! Magical accounting profit.
JASIF
JASIF will pay dividend of Bt0.22/unit on 1Q16 performance, XD on May 13. (Khao Hoon, 11/05/16)
MINT
MINT has entered into conditional sales and purchase agreement with Sun International Limited for additional share acquisition of five companies, valued at Bt1.05bn. It expects this to support its business in Africa. (Thun Hoon, 11/05/16)
MTLS
MTLS plans to start up its nano-finance operations, targeting loan growth of 50%. It reported 1Q16 net profit of Bt280mn (54.7% growth), higher than expected. It expects NPLs to be no higher than 0.9%. (Thun Hoon, 11/05/16)
Comment: The company is achieving every target that the owner has set out. 3 years 50% p.a. growth, another 1.5 years to go.
PACE
PACE expects 2016 earnings to be good after it began transferring Bt8bn in backlog. It plans to transfer units in the Bt6bn Villa Mahasamutr Hua Hin at the end of this year. It plans to launch a new project valued at Bt2bn. (Thun Hoon, 11/05/16)
PLE
PLE expects to book Bt200mn extra gain from selling shares in a subsidiary to ADAM in 2Q16. It expects 2016 revenue to reach Bt6bn with net profit brought by Bt13bn backlog. (Khao Hoon, 11/05/16)
RICHY
RICHY reported 1Q16 net profit of Bt17.52mn with revenue of Bt187.9mn thanks to transfers of Richy@Chaophraya condo. (Khao Hoon, 11/05/16)
RML
RML denies rumours about being associated company with IFEC. It targets 2016 revenue to reach Bt5-5.5bn aided by Bt6.9bn backlog, of which Bt5bn is expected to be booked this year. It is budgeting Bt3bn to buy land. It plans to launch two projects valued at Bt8bn. (Khao Hoon, 11/05/16)
Comment: It does say a lot about IFEC when their supposed partner comes out stating “no we didn’t agree anything yet”
SAWAD
SAWAD plans to focus on consultant service for self-employed individuals within Thailand and in neighboring countries, beginning with Myanmar in June. It reported a strong 1Q16 net profit (+51%). It targets branches of 1,760. (Thun Hoon, 11/05/16)
TPC
TPC reported 1Q16 net profit of Bt699mn, up 42%. This was brought by better sales at a subsidiary and higher capacity. (Khao Hoon, 11/05/16)
TSR
TSR reported 1Q16 net profit of Bt34mn (+38%) backed by sales of water purifiers and electrical appliances. It expects 2Q16 earnings to be good. It plans to open 4-5 branches and offer more electric appliances. It expects to sign an MoU with a partner in Laos in 2Q16. (Thun Hoon, 11/05/16)
Comment: And this little water company goes to grow!
Peter
You have been making positive noises about TSR for some time but the graph of it’s share price tells a different story. This company is back where it was in August 2014
Pon
Hahaha
1 just because i like a business does not mean i like the stock
2 if you take into account the free warrant given one would have a 40 percent return within the past 12 months