Stocks in the news (ck, maco, malee, pttep, super) 03.08.17
CK
CK gets a project worth Bt275mn. CK got the Srirat outer ring expressway project worth Bt275mn. This puts its backlog at Bt97.7bn. (Khao Hoon, 3/8/17)
MACO
MACO plans M&A deals both abroad and in Thailand. This is expected to be more clear in 4Q17. It plans to invest Bt150mn to change 30 LED boards. It expects 2019 revenue to grow at 100%. (Khao Hoon, 3/8/17)
Comment: If you want to aggressive in valuating this firm then you could assume higher rates/utilisation for the LED Boards, and dream that all their boards are shifted to LED’s
MALEE
MALEE is negotiating with a partner to expand the market abroad. It is going to invest Bt500mn to improve production system. It plans to launch 3 new products to boost the sales. It expects sales to grow at 10-15%. (Khao Hoon, 3/8/17)
omment: Not this year. All of this growth will be only seen next year
PTTEP
PTTEP is prepared for the auction of the Bongkot-Erawan gas field in September. It expects the results to be released within 6-7 months. Production capacity in the field is 25% of total capacity. (Khao Hoon, 3/8/17)
SUPER
SUPER will sign an MOU with a partner in Vietnam to develop wind and solar farms producing a total of 400MW. It is expected to start building within this year. It plans to bid for more projects abroad to boost revenue. (Khao Hoon, 3/8/17)
Comment: Eh? Vietnam? I wonder how much had to be paid there.