Stocks in the news (aira, bgh, cho, drt, pjw, pttep, sc, spvi, sst) 08.07.14
AIRA
150%price surge on first day — On its first day of trading, AIRA’s share price surged by more than 150% to Bt1.88/share from its IPO price of Bt0.75/share. Management reaffirms that major shareholders will not sell their stake as they are in for the long term. (Khao Hoon, 08/07/14)
Comment: As expected, small IPO (i.e. free float, # of shares listed) = wonderful big first day jump
BGH
BGH is waiting for shareholders’ approval to issue a convertible bond of not more than Bt10bn which it expects to sell to European investors. It will have 50 hospitals in 2014. (Khao Hoon, 08/07/14)
CHO
CHO expects to receive ship building contracts from the army. Management said that big projects will bring in more than Bt1bn in revenue. It expects revenue this year to grow by 15% and will revise its revenue target again if it receives more work. (Khao Hoon, 08/07/14)
DRT
DRT to do a road show with hopes foreign investors will raise their holdings from 5%. It is ready to invest Bt100mn to upgrade machinery that will help keep gross profit margin at 25-27%. It expects 2H14 to be much better, supported by NCPO stimulus and revenue growth of 10% YoY. (Tun Hoon, 08/07/14)
Comment: Perhaps with upcountry Thailand continuing to resume growth, DRT could resume its growth
PJW
PJW: 2014 revenue to grow 10-15%. It expects a recovery in the auto industry during 2H14 as automakers increase production of new models to be launched in the market. It targets 20-25% growth in its China business and hopes to win new work worth Bt200mn. (Khao Hoon, 08/07/14)
Comment: Interesting little name, they are only running at 60% utilising due to a recent increase in capacity in 2013, if the orders can be filled then an increase across all line items (rev, profits, margins) could be on the cards.
PTTEP
PTTEP: net profit may exceed Bt14bn in 2Q14. Results will be out at the end of this month. Management said that petroleum sales have exceeded 300,000 barrels per day and PTTEP’s investment in Hess has started showing results. (Khao Hoon, 08/07/14)
SC
SC preparing to transfer three condominiums that will contribute to strong revenue growth in 2H14. It expects revenue of Bt12bn in 2014 and presales of Bt10bn through the launch of 4-5 new projects. (Tun Hoon, 08/07/14)
SPVI
Looking for partners — The company is looking for partners both domestic and overseas to set up joint ventures. It will access SME clients via smartphone and expects this model to be completed in July. The company is confident that revenue will grow 10-15% from 2013 revenue of Bt2.3bn, supported by bright business outlook and the iPhone 6 expected to launch in 2H14. (Tun Hoon, 08/07/14)
Comment: Never cared much for this 1 trick pony
SST
SST set to raise B820mn – Sub Sri Thai (SST), a SET-listed document storage provider, is set to raise Bt820mn for business expansion via a property fund. Managing director Sumrit Tantidilokkul said the company would spend Bt500-600mn of the proceeds to expand the document storage capacity of 8,700 square metres next year. (Bangkok Post, 08/07/14)
Comment: It’s an odd company as they now also own Au Bon Pain, Dunkin Donuts and ..Baskin-Robbins I believe.