Stocks in the news (abc, age, aot, banpu, bbl, ck, gift, kbank, kce, pap, ptg, sena, sgp, super, vng, thana, tpbi, tvo) 24.06.16
ABC
ABC targets 2016 revenue of Bt2bn. It plans to wipe out retained losses by launching Above Sukhumvit 39 in 3Q16. It plans to launch ABC Pet World in 4Q16 if its board approves on June 29. (Thun Hoon, 24/06/16)
Comment: Anybody else understand the business model of this company?
AGE
AGE expects to take part in 36MW PPA and expects to be a winner. Its cash on hand is Bt600mn which it believes will be enough for investment. It expects 2Q16 earnings to be good thanks to cost control. It expects 2016 revenue and net profit to grow, boosted by Bt300mn from its services business. It expects exports to comprise 50%. (Khao Hoon, 24/06/16)
Comment: It’s likely to be a JV should they win a 36 MW PPA
AOT
AOT reports passengers of 81mn in the first 8 months of its fiscal year (ending Sep), up 12.43%. Flights rose 10% to 519,140. (Khao Hoon, 24/06/16)
BANPU
BANPU expects to benefit from higher coal imports in China, which rose 62.2% in May 2016 compared to May 2015. (Thun Hoon, 24/06/16)
Comment: Could this be Thai Airways part 2 in terms of stock price movement?
BBL
BBL targets 2016 loan growth of 3-4%. It expects 2Q16 earnings to move with the economy and government stimulus measures. (Khao Hoon, 24/06/16) BIG BIG says it has risen to a 55% market share driven by expansion. It expects the industry to recover. It expects net profit to grow 71% this year and 12% next year. (Thun Hoon, 24/06/16)
CK
CK expects to sign contracts for Bt19.4bn in projects in June. It plans to take part bids for six contracts for the MRT Orange Line, total value of Bt76bn, and expects to get 20-25%. It expects this to boost its 2016 revenue to reach Bt35-40bn. (Thun Hoon, 24/06/16)
GIFT
GIFT is talking to a prospective partner to invest in alternative energy. It expects a decision in 4Q16. It expects 2016 revenue and net profit to mark a record high after introducing high-margin products. (Thun Hoon, 24/06/16)
KBANK
KBANK expects 2Q16 earnings to be better than 1Q16 on higher loan growth and lower provisions. It targets 2016 loan growth of 6-7% from last year. It expects NPLs to rise to 3.5-3.6% due to the economic slowdown. (Thun Hoon, 24/06/16)
Comment: It’s a provision game for the banks, in FY15 they all recognised a lot of provisions so unless the Thai economy falls off a cliff close to every bank will recognise strong earnings this year.
KCE
KCE expects 2Q16 earnings of Bt780mn, up 55%YoY on the back of numerous orders. (Khao Hoon, 24/06/16)
Comment: And the growth still continues!
PAP
PAP plans to invest in CLMV. It expects 2H16 earnings to be better than 1H16 on the back of government projects. It expects 2016 sales to reach 350,000 tons, up 15% from last year thanks to large orders. (Thun Hoon, 24/06/16)
PTG
PTG expects 1H16 sales to beat expectations due to high refinery margin. It is confident 2016 earnings will be good. It plans to expand its business line. It expects to complete a deal for a 5MW waste power plant soon. (Thun Hoon, 24/06/16)
Comment: I’m not sure why they want a 5 MW waste power plant, but why not seems like everything smaller Thai co is heading this way if they can
SENA
SENA expects 2016 revenue to reach Bt3.5bn. Its transfers reached a record high in April. (Khao Hoon, 24/06/16)
SGP
SGP expects 1H16 performance to be good on the back of LPG recovery. It expects 2016 revenue to grow 5% from last year’s Bt58.3bn, boosted by large orders. It expects to operate pier and LPG tank in 4Q16. (Thun Hoon, 24/06/16)
SUPER
SUPER plans to take part in bids for 170MW waste power plant and 519MW solar farm in government unit phase 2. It plans to invest in at least 1,000MW in power plants this year. It is talking to a prospective partner in Japan to invest in a 500MW solar farm. (Thun Hoon, 24/06/16)
VNG
VNG expects 2H16 earnings to be good backed by starting MDF production line in 3Q16. It expects 2016 net profit to mark a record high, boosted by large orders. It expects to complete a deal for a 20-25MW biomass power plant soon. (Thun Hoon, 24/06/16)
Comment: There has been a lot of management buying in the past 3 months.
THANA
THANA expects 2H16 performance to be better than 1H16 because it plans to launch two townhouse projects, valued at Bt750-800mn. It targets 2016 revenue to be higher than last year’s Bt847mn by 20%. (Khao Hoon, 24/06/16)
TPBI
TPBI got Bt70mn orders from a U.S. client. It expects 2016 revenue to reach Bt5bn. It is budgeting Bt800mn for acquisition of an international company. (Khao Hoon, 24/06/16)
TVO
TVO expects 2Q16 earnings to be good due to higher soybean price. It expect to revise up target revenue in 2H16 backed by higher sales, which is expected to rise 5-6% from last year. (Thun Hoon, 24/06/16)