Stocks in the news (bjchi, chow, cpall, demco, mega, prin, ptg, sc, tacc, tvd, uac, true) 02.12.15
BJCHI
BJCHI expects 2016 revenue to grow 15%, backed by projects worth Bt5.2bn. It plans to join a new Bt40bn auction and expects to get projects worth of Bt6.5bn. (Thun Hoon, 3/12/15)
Comment: And yet despite the decrease in oil prices, they still can continue to grow, why? It’s a huge industry and Thailand is cost-competitive still versus Korea and China
CHOW
CHOW will increase its solar farm production next year to 100MW. It is negotiating with partners both in Thailand and abroad to invest in solar farms. (Bangkok Post, 3/12/15)
Comment: CHOW is still expanding continuously looking for projects here and abroad and unlike SUPER they actually have the capital to do so
CPALL
CPALL management fined for insider trading – CP All Plc chairman Korsak Chairasmisak, two vice-chairmen and the legal adviser to the company’s board have been fined a total of 33.33 million baht for insider trading for the CP All deal to buy Siam Makro Plc. (Bangkok Post, 3/12/15)
Comment: Posted already…
DEMCO
DEMCO expects to bid for government and private projects worth Bt10bn. (Thun Hoon, 3/12/15)
Comment: It’s been rather surprising to see very little from Demco’s management, next week’s opportunity day will be interesting.
MEGA
MEGA targets 2016 revenue to grow 10% after expanding business and distribution centers and introducing new product lines. It is investing Bt350mn to build a distribution center in Myanmar. (Thun Hoon, 3/12/15)
PRIN
PRIN targets 2016 revenue to grow 15% backed by the government’s stimulus measures. It plans to open more three projects worth Bt3bn. It plans to buy Bt1bn in land on which to build high-end projects. (Thun Hoon, 3/12/15)
PTG
PTG expects to see its highest ever revenue next year backed by non-oil business. It plans to add more branches next year to reach 1600 and boost increase gas quantity 35-40%. It also plans to find a partner to invest in an ethanol factory next year. (Khao Hoon, 3/12/15)
Comment: The long term still is still rather straightforward, expansion of stations and scale effect. The only questions is what will they do with the additional cashflow that they’ll generate over the next few years, we’ve seen expansion into renewable energy on the cards and now this.
SCB
SCB targets 2016 SME loans to grow 4-6%. It plans to make new lending of Bt100bn. This year’s loans are expected to reach the target of 5% growth. (Thun Hoon, 3/12/15)
TACC
TACC’s first day of trade: closed at 34.72% above IPO price of Bt2.88. (Thun Hoon, 3/12/15)
TVD
TVD expects to increase 2016 revenue to Bt3bn and plans to expand, targeting home shopping. (Khao Hoon, 3/12/15)
UAC
UAC targets 20% growth to reach Bt1.8bn and plans to invest Bt200mn to join bids for alternative energy and M&A. It expects 2015 revenue of Bt1.5bn. (Matichon, 3/12/15)
TRUE
TRUE already sent bank guarantee backed by Bangkok Bank and Siam Commercial Bank worth Bt21bn to the NBTC. (Khao Hoon, 2/12/15)