Stocks in the news (bts, cho, gl, mtls, pttgc, ratch, sc, super, whaup) 15.11.17
BTS
BTS reports 2QFY18 net profit of Bt741.5mn, growing 19%, with revenue of Bt2.98bn, rising 55%, as it received revenue from system installation for the North-South sky train and passenger numbers made a new high. (Khao Hoon, 15/11/17)
CHO
CHO reported 3Q17 revenue of Bt606.66mn, growing 133.21%, with a net profit of Bt14.69mn, rising by 145.21% from last year. It says it receives orders from domestics and overseas continuously and currently has backlog of Bt2.366bn. (Thun Hoon, 15/11/17)
GL
GL shows significant loss of Bt2.60bn in 3Q17 from the booking of reserves for potential losses that might occur from asset revaluation. It currently has accumulated loss of Bt248mn and its equity has fallen by approximately Bt3bn. (Khao Hoon, 15/11/17)
Comment: What a story, but they still have some THB 3 bn in cash by the look of the accounts, interesting that PACE has been suspended from trading but not GL
MTLS
MTLS targets loan growth of at least 40% per year from 2018-2020 in tandem with larger customer base. It plans to open 600 branches across the country next year, which will increase its branches to 2,500-2,800. It also plans to issue a bond worth no more than Bt10bn and plans to do a roadshow in Hong Kong, Singapore and Europe, in an effort to increase foreign holding. (Thun Hoon, 15/11/17)
Comment: What a machine of growth!
PTTGC
PTTGC targets 2018 revenue to reach Bt480bn from Bt450bn this year in tandem with the increase in oil price. It has budgeted Bt20bn to strengthen and expand its business. It also plans to issue a bond of no more than Bt10bn to reduce cost of debt to below 4%. (Thun Hoon, 15/11/17)
RATCH
RATCH has budgeted Bt10bn for investment in 2018 as it plans to increase production capacity to 8,700 MW. It plans to COD 2 power plants with total capacity of 178.30MW this year and has raised its 2017 capacity target from 7500MW to 8028MW. It reports 9M17 earnings of Bt5.421bn, growing by 69% from an increase in revenue. (Thun Hoon, 15/11/17) SC SC reaches 10M17 presales of Bt12.267bn, increasing 32%. It plans to launch five new projects worth Bt8.2bn in 4Q17. It reports 3Q17 earnings of Bt393.96mn, increasing by 5.32%. (Khao Hoon, 15/11/17)
Comment: I’m still impressed by this company’s continued ability to grow their MW
SC
SC reaches 10M17 presales of Bt12.267bn, increasing 32%. It plans to launch five new projects worth Bt8.2bn in 4Q17. It reports 3Q17 earnings of Bt393.96mn, increasing by 5.32%. (Khao Hoon, 15/11/17)
SUPER
SUPER plans to invest in all types of energy production, both domestics and overseas in order to increase revenue in 2018 to grow by 25% and believes 2017 revenue will reach Bt6bn as targeted. It also plans to expand its solar power plant in China to increase capacity to 30 MW at an investment cost of Bt380mn. It will submit the application to establish an infrastructure fund worth Bt10bn at the beginning of 2018. (Thun Hoon, 15/11/17)
Comment: Their infrastructure fund has faced continuous delays
WHAUP
WHAUP believes 2018 will be outstanding, as new customers in Hemaraj industrial estate will increase water sales volume and it will book a full year of its share of profit from 478.4 MW power production. It plans to maintain gross margin at 30-33% and has budgeted Bt1.8-2bn to invest in Myanmar and Vietnam. It believes 2017 revenue will grow by 100%. (Thun Hoon, 15/11/17)
Comment: Interview to be out this week on the company
Xavi
Another quarter and no progress on the wind turbines for Demco. I wonder what’s the holdup?
Pon
Its dependent upon the client (WEH) as to when the turbines can be fixed. We’re guesstimating that it should be done within 4Q17-1Q18.
Peter
regarding WHAUP: Comment: Interview to be out this week on the company
no interview yet?:)
Pon
Coming shortly.
Peter
thx!:)