Stocks in the news (aot, apco, css, ea, fire, ifec, mtls, ple, s, scc, sena, siam, tsr, ttw, tvt, uv, world) 15.10.15
AOT
AOT reports 12.66% growth in FY2015 passengers at Suvarnabhumi airport to 52.38mn. (Khao Hoon, 15/10/15)
APCO
APCO expects 2016 net profit margin of 30-35% from 2015’s 25% backed by increasing distribution channels. It has introduced new products, APCOcapsule and APCOessence. It has postponed its capital increase. (Khao Hoon, 15/10/15)
CSS
CSS expects to benefit from 4G auction as it will bring in jobs for the construction and installation of communication towers. It will also benefit via subsidiary (NWC), which supplies tower and telecommunication equipment for ADVANC, TRUE, DTAC, TOT. It plans to ask for a 35MW PPA in government sector. It expects to get a tower installation project in Myanmar. It expects 2015 revenue to achieve its target growth of 20-25%. (Thun Hoon, 15/10/15)
Comment: Retail investors are all over this already in theory yes they should benefit tremendously, question is only if it is already priced in or not.
EA
EA expects 9-month net profit to surpass Bt1.9bn (+50%) backed by Bt600mn net profit in 3Q15 from a 188MW power plant. It expects a solar farm at Phitsanulok and wind power to start up at the beginning of next year. (Khao Hoon, 15/10/15)
FIRE
FIRE expects 2016 revenue to grow 20% from this year backed by Bt50mn revenue from Cambodia. It is considering investing overseas. Its backlog is Bt300mn, of which 50% is expected to be booked this year. (Thun Hoon, 15/10/15)
Comment: New shareholders and a new business model seems to be finally bearing fruit.
IFEC
IFEC expects Pak Panang project to operate in October. It expects to conclude the proposed investment in a wind power project in Korea this month. It expects to get a 50-60MW solar farm from the government. It targets capacity of 52MW this year. (Khao Hoon, 15/10/15)
MTLS
MTLS expects 3Q15 earnings to mark a record high of Bt206mn (+48%YoY) backed by revenue from fees and 70% loan growth after it opened 400 new branches. It expects 2015 net profit of Bt790mn (+45%). (Thun Hoon, 15/10/15)
Comment: And the loan shark business still does incredibly well.
PLE
PLE expects to recognize Bt600mn revenue from selling a 9.9MW biomass power plant. It plans to sell SOHO project. It is talking to a prospective Chinese partner to invest in public projects and abroad. It expects 2H15 earnings to be good aided by Bt30bn in upcoming bids. It has signed contracts for a Bt3.3bn MRT North Green Line and a Bt3bn PEA project. (Thun Hoon, 15/10/15)
S
S plans to launch the Bt4.5bn the Esse Asoke condo on Nov 13-15. It expects sales of Bt2.5bn (60% of total projected valued) to achieve this year. It expects to done selling by 1Q16. It plans to declare its Bt2.25bn acquisition of Mercure U.K on Oct 19. (Khao Hoon, 15/10/15)
Comment: This seems to have made investors awaken with S’s share price up some 5%
SENA
SENA says it has more than Bt2bn in finished houses ready to transfer. It plans to increase its finished houses to quality for property incentives. Its backlog is Bt3bn, of which Bt1bn is expected to be booked in 4Q15. (Khao Hoon, 15/10/15)
Comment: It is one of the cheapest property companies around but the capital increase is hurting the stock price
SCC
SCC expects 3Q15 earnings of Bt9.8bn backed by good spread. (Khao Hoon, 15/10/15)
SIAM
SIAM is thinking of investing in two solar farms in Japan which it expects to conclude this year. It is waiting for an official announcement of the names of those who passed on Dec 24. It expects the power business to contribute revenue from 4Q16. (Khao Hoon, 15/10/15)
TSR
TSR plans to expand its customer base in eastern Thailand by setting up an office in Rayong. It plans to introduce water filters (SAFE) through every distribution channel to cover upcountry. It expects 2015 sales to be over Bt1.5bn. (Khao Hoon, 15/10/15)
TTW
TTW expects 4Q15 tap water sales to grow significantly backed by increasing demand from manufacturing and household. It has budgeted Bt400mn to invest in Myanmar which is expected to be finalized this year. It is looking for opportunity to expand its business to border countries. (Thun Hoon, 15/10/15)
Comment: At the right price, TTW is definitely worth looking at because of its consistent growth nature of the business
TVT
TVT expects to complete the acquisition of a production house in November at a cost of Bt50-60mn. It expects this to contribute revenue in 4Q15. It also plans to do a takeover of another one, which is expected to be concluded in 2Q16. This will raise 2016 revenue growth more than 20%. (Thun Hoon, 15/10/15)
UV
UV expects to show its best profit in four years after a net profit in the first nine months of close to 2015’s of Bt395.03mn backed by subsidiaries (GRAND U and GOLD). Its subsidiaries are planning to acquire business in local and abroad (return about 12-15%) which is expected to be cleared at the beginning of next year. (Thun Hoon, 15/10/15)
Comment: It will be interesting to see how they will unlock their assets value
WORLD
WORLD reported 1QFY16 net profit of Bt122.53 (+30%) on the back of Bt131mn revenue from property in Phuket. It expects the property business to contribute more than Bt500mn in FY2016. It expects to return to be traded in 2016. (Khao Hoon, 15/10/15)
TONY
Hi Pon.
I own TTW and will be buying more shares shortly. Regarding your comment of buying TTW “at the right price” or more precisely, what price range do you think the fair price of TTW should be?
Tony
Pon
It’s really very simple, how much are you willing to pay for the yield of a company that can grow its dividend by 1) the increase in selling price and 2) a potential increase in volume every few years. 3% p.a.? 4% p.a.? 5% p.a.? 6% p.a.? It’s all up to the investor, I may have a different requirement from you resulting in a different entry/exit price.
TONY
Thanks for your reply on TTW, Pon.
Congrats on your new website…it is quite a nice upgrade and is so easy to use and this definitely makes this site the place to go to for Thai stocks and your comments.
Pon
Thank you for the comments, and fyi you’re comment #900 on the site! There should be a reward or something…