Stocks in the news (itel, sccc, siri, tpch, vgi) 03.08.17
ITEL
ITEL won high-speed internet projects for 3920 villages worth Bt1.8bn. It expects to book some portion of revenue this year. (Khao Hoon, 3/8/17)
SCCC
SCCC board approved dividend of Bt6 per share with XD on August 17. The total dividend payment is Bt1.79bn. Though 2Q17 earnings were only Bt796mn, it believes the country’s cement outlook is going to be better. (Khao Hoon, 3/8/17)
Comment: Their #’s were disappointing for the 1H17, wouldn’t be surprised to see some downgrading by analysts (then again it isn’t well covered..)
SIRI
SIRI to revise up presales to Bt40bn from the previous target of Bt3.6bn. Presales to end-July are at Bt17.3bn. It plans to launch 16 new projects worth Bt40bn. (Thun Hoon, 3/8/17)
Comment: The main project here is the Wireless one. I’m just curious to see if the company has lowered their marketing expenses.
TPCH
TPCH’s board approved Bt4bn to build four power plants worth Bt45MW. It targets 2017 production power of 60MW. (Khao Hoon, 3/8/17)
Comment: That’s helped TPCH, and TPOLY..
VGI
VGI posted 1QFY18 earnings. It generated services revenue of Bt852mn, +37%, with earnings of Bt192mn. It targets 2017 revenue at Bt4bn. (Thun Hoon, 3/8/17)