Stocks in the news (advanc, arrow, banpu, bts, chg, css, gel, ifec, jubile, lalin, ncl, thai, thani, tluxe, tnp) 13.06.16
ADVANC
ADVANC expects to revise down its 2016 revenue target because of paying Bt75bn for its 4G license. It will make the first payment of Bt8bn with bank guarantee in June. Its cash on hand is Bt60bn. It is budgeting Bt40bn for network expansion. It says its dividend payout ratio will still be 100%. (Khao Hoon, 13/06/16)
Comment: It appears that they still don’t have clear visibility on what the dividend payout structure will be for 2017 and onwards yet.
ARROW
ARROW expects 2Q16 earnings to be better than 2Q15 because of cost control and high margin products. It targets 2016 revenue of Bt1.4bn with a record high net profit. It plans to take part in conduit project in Suvarnabhumi phase 2 in July. It has budgeted Bt60bn to invest in new plants. (Khao Hoon, 13/06/16)
Comment: They’ve continued to confound most people with their growth, if the 1Q is anything to go by then FY16 net profit could be ~300 mn, ~25% growth YoY.
BANPU
BANPU expects 2016 net profit of Bt1.2bn backed by Hongsa power plant. It plans to list BANPU Power in 2H16. It expects to benefit from newly issued ordinary shares which increase its market cap. (Khao Hoon, 13/06/16)
BTS
BTS plans to take part in 5 extension lines. It targets FY2017 revenue growth of 10%. It is budgeting Bt7.6bn to buy new carriages and land. (Khao Hoon, 13/06/16)
CHG
CHG expects 2Q16 net profit to be good aided by more patients and higher revenue from acquiring Ruampat Rayong Hospital. (Thun Hoon, 13/06/16)
Comment: A smaller BDMS in the making?
CSS
CSS expects 2H16 net profit to be higher than 1H16 from setting up towers for DTAC, TRUE, and ADVANC. It is looking for an opportunity to invest in ASEAN. (Khao Hoon, 13/06/16)
Comment: The newsflow is back for them!
GEL
GEL expects 2016 revenue to achieve its target 20% because of transfers. It expects 2016 net profit to be higher than last year’s Bt118mn. It expects 2Q16 earnings to be good driven by foundation piling for the MRT Green Line. It expects to add Bt1.3bn backlog. (Thun Hoon, 13/06/16)
IFEC
IFEC asked the Central Bankruptcy Court to take Dhara Dhevi out from rehabilitation plan. It expects to book Bt740mn extra gain from debt restructuring in 2Q16. It plans to focus on solar and wind energy, expects to add at least 50MW capacity. (Khao Hoon, 13/06/16)
JUBILE
JUBILE expects 2Q16 revenue to grow from 1Q16. It expects 2016 sales to be 10-15% higher than last year with higher net profit. It plans to hold Jubilee Mid-Year Expo Biggest Sale 2016, which it expects to increase its sales. It plans to expand its branches. (Khao Hoon, 13/06/16)
Comment: We still do wonder when they will be able to turnaround their earnings. 1Q16 looked pretty decent for the first time in 1.5 years.
LALIN
LALIN expects revenue to hit target of Bt2.4bn supported by its backlog of more than Bt800mn. It expects 2Q16 to continue to grow. It plans to expand its high-rise business and study other businesses to support long-term expansion. (Thun Hoon, 13/06/16)
NCL
NCL sold assets (trucks 65 units and trailer 98 units) to associated company “SSK Inter Logistics Company Limited”, for Bt120.94mn. It expects this to reduce its cost. It plans to focus on international clients in 2H16. (Khao Hoon, 13/06/16)
THAI
THAI has ordered 12 new Airbus A350 XWB aircraft, eight of them on lease. (The Nation, 13/06/16)
Comment: Why buy any? They should be leasing all of them.
THANI
THANI is confident that 2016 loans will reach Bt17bn due to increasing demand for truck leasing and low interest rate. (Thun Hoon, 13/06/16)
TLUXE
TLUXE is opening a 250kW geothermal power plant in Japan and will start up the phase of 250kW in September. It expects to turn up into the black in 2016 from a loss of Bt38.79mn in 2015 supported by power plants abroad. (Thun Hoon, 13/06/16)
TNP
TNP expects 2Q16 earnings to be good driven by higher purchasing power. It targets 2016 revenue to grow 10-15%. It plans to open three more branches, to bring its total outlets to 15 at the end of this year. It expects its DC to open in Nov, which will handle up to 50 branches. (Khao Hoon, 13/06/16)