Stocks in the news (biz, ck, cpf, erw, gunkul, mgt, s, tacc, tmill, wph) 23.04.18
BIZ
BIZ to join auctions of government and private organizations, aiming to get projects worth Bt200-300 in portfolio. The current backlog is Bt1.46bn. It aims to hit sales growth of 10% this year. Recently, shareholders approved paying dividend of Bt0.08/share. ( Thun Hoon, 23/4/18)
CK
CK is planning to join three auctions valued at Bt4.3bn. Results will be announced in May. It says 2018 revenue will be higher than that of last year. It aims to maintain gross margin at 8%. (Thun Hoon, 23/4/18)
Comment: And this may juice the construction sector again
CPF
CPF to put ready-to-eat duck exports on New Zealand markets. It plans to grow exports of ready-to-eat duck items to Europe and New Zealand by 16%, bringing revenue of Bt1.3bn. (Khao Hoon, 23/4/18)
ERW
ERW will submit 1Q18 earnings report to the board by April 27, hinting that earnings are better than last year, driven by tourism growth. In 2Q18, it plans to renovate JW Marriott Bangkok. (Khao Hoon, 23/4/18)
Comment: Without a doubt their earnings have improved but there’s a natural limit for this company given the fixed asset strategy.
GUNKUL
GUNKUL to pay a dividend of Bt0.045/share and will go XD tomorrow. It targets revenue growth of 30% this year and maintains its 1,000 MW target for PPA till 2020. ( Kha o Hoon, 23/4/18)
MGT
MGT to have a board meeting to approve earnings report by April 25. It has orders worth more than Bt100mn. It plans to propose a project and to close an M&A chemical deal in 2Q18. It has raised its revenue target to reach Bt658mn. (Khao Hoon, 23/4/18)
S
S held a roadshow for S Sukhumvit 36 in Hong Kong for two days, getting presales of Bt200mn. It plans to have another roadshow in 3Q18, focusing in Asian countries. ( Khao Hoon, 23/4/18)
TACC
TACC targets 2018 revenue growth of 10%, aiming to launch new 2-3 products. It targets B2C revenue to comprise 20% from 16%. Shareholders just approved dividend of Bt0.09/share. It will go XD on April 25. (Khao Hoon, 23/4/18)
Comment: It’s a bit odd, people are still hoping that they are able to leverage the 7-11 relationship further, we think that given CPALL’s past business practises they TACC will eventually be replaced by a housebrand product
TMILL
TMILL says 2Q18 earnings will be good, driven by advance orders. It plans to acquire a new customer base in the North and the Northeast, targeting higher than 50% customer growth. It is going to invest Bt10mn to develop R&D. (Thun Hoon, 23/4/18)
WPH
WPH to invest Bt425mn to build a new hospital in Samui, planning for the doors to open in 2019. It targets 2018 revenue growth of 10% to a new high, driven by tourism growth and more patients. (Khao Hoon, 23/4/18)