Stocks in the news (bkd, cpall, hmpro, nwr, pttep, pttgc, s, sena, top) 23.08.17
BKD
BKD to progress on new business plan. It says it expects 2H17 performance to be outstanding due to high season. It plans to get a new project worth Bt5bn. (Thun Hoon, 23/8/17)
CPALL
Jiffy to replace 7-Eleven at PTT stations. PTT Plc, the national oil and gas conglomerate, plans to start replacing 7-Eleven stores at its petrol stations with its own Jiffy marts well ahead of the expiry of its license for the convenience store franchise in 2023. (Bangkok Post, 23/8/17)
Comment: Would mean 10% of CPALL’s stores may be gone.
HMPRO
HMPRO revised down 2017 revenue growth to under 8-10% as purchasing power has yet to recover. At the same time, It expects 2H17 earnings to be better than 1H17. It plans to add 4-5 stores in Thailand and Malaysia. (Khao Hoon, 23/8/17)
Comment: But their bottom line may still continue to grow as they are shifting more to inhouse products
NWR
NWR has so far signed 9 contracts worth Bt5bn. It plans to join auctions for projects worth Bt70bn. It recently submitted its bid documents for the Mabkrabao – Jira project. (Thun Hoon, 23/8/17)
PTTEP
PTTEP says 3Q17 sales will be 290,000 barrel/day after the resumption of production at S1. (Khao Hoon, 23/8/17)
PTTGC
PTTGC targets 2017 revenue growth of 26%. It says 3Q17 earnings will be strong. It says the Max project will add Bt3.2bn to earnings this year. (Khao Hoon, 23/8/17)
S
S says it expects to turn around this year, driven by booking revenue from Sing Complex and Santabuti Residences in 4Q17. It aims to change into a holding company in 2020. (Khao Hoon, 23/8/17)
Comment: After all this capital raising it better start to show something for it.
SENA
SENA expects 2017 revenue growth of 20%, driven by current backlog of Bt3.6bn. It plans to open three new condominiums worth Bt4.86bn. (Thun Hoon, 23/8/17)
Comment: The upside is far less compared to what it used to be. A decent small-mid tier property developer.
TOP
TOP expects from oil inventory gain of Bt2bn due to higher oil prices. It expects 2017 to have GIM of US$8-9/barrel. (Khao Hoon, 23/8/17