Stocks in the news (arrow, cbg, chewa, chg, cmo, csp, drt, earth, ekh, ete, gel, gold, gunkul, itel, malee, nch, super, tkn, uniq) 01.03.17
ARROW
ARROW expects 2016 revenue to grow 15% to Bt1.6bn on the back of Bt300mn backlog. It reported 2016 earnings of Bt266mn, up 8%. Its 2016 revenue was Bt1.35bn, up 12%. It will pay a dividend of Bt0.4/share. (Kao Hoon, 01/03/17)
CBG
CBG targets 2017 sales to grow 25% from existing products. It plans to expand abroad, targets exports to comprise of 50% in 2019 from 34% in 2016. It is budgeting Bt3.5-3.8bn for a two-year investment plan to increase capacity. (Thun Hoon, 01/03/17)
Comment: Given the disappointing results it looks like the name is crashing back to earth.
CHEWA
CHEWA expects 2017 revenue to reach Bt2bn. Its backlog is Bt3.2bn, with Bt1.6bn expected to be booked this year. (Kao Hoon, 01/03/17)
CHG
CHG expects 1Q17 performance to be good on the back of more clients. It expects 2017 revenue to grow 15-20% on high demand and more beds. It is budgeting Bt1bn to invest in three hospitals to support growth. (Thun Hoon, 01/03/17)
Comment: Another former high flyer that reported so-so results hence its price decline
CMO
CMO reported 2016 revenue of Bt1.2bn. It will pay a dividend of Bt0.055/share. It plans to expand to CLMV and is looking for a partner. It targets 2017 revenue to reach Bt1.3bn. (Thun Hoon, 01/03/17)
CSP
CSP plans to increase capacity by 50,000 tons from 250,000 tons/year at a cost of Bt80mn. It expects this to increase sales volume by 15% from 170,000 tons in 2016. It plans to increase its high-margin products. It is studying business expansion, with a decision to be made this year. It sees a positive outlook for steel demand. (Thun H oon, 01/03/17)
DRT
DRT targets exports to comprise 20%. It is interested in expanding to Myanmar where it seems growth potential as high. It targets 2017 revenue growth of not less than 5%. It expects 1Q17 performance to be good. (Thun Hoon, 01/03/17)
EARTH
EARTH expects 2017 performance to turn around with coal sales of 15mn tons to Bt30bn. Behind this is large orders and uptrend in coal price. (Kao Hoon, 01/03/17)
EKH
EKH posted 2016 net profit of Bt75mn, up 55%, with revenue of Bt511mn, on the back of more clients. It will pay a dividend of Bt0.1/share, XD on Apr 25, PD on May 16. It targets 2017 revenue growth of 8%. (Kao Hoon, 01/03/17)
ETE
ETE expects 1Q17 performance to be good, brought by 16.47MW power plants. It expects 2017 revenue to grow 20-30% aided by public and private investment. It plans to take part in Bt10bn bids. (Thun Hoon, 01/03/17)
GEL
GEL expects 1Q17 performance to robust. It targets 2017 revenue to grow 20% to Bt2bn brought by Bt1.5bn backlog. It plans to take part in Bt1.5bn private and public projects. It expects to increase its foundation piling capacity to 200,000 cubic meters. It is looking for a partner to help facilitate growth. (Thun Hoon, 01/03/17)
GOLD
GOLD targets 2017 revenue of Bt13bn. It plans to launch 21 projects valued at Bt21bn. It is budgeting Bt8bn for land acquisition. It targets to be in the top 5 for presales by 2020. (Kao Hoon, 01/03/17)
GUNKUL
GUNKUL plans to hold a roadshow abroad in order to attract foreign investors. A decision will be made in 1Q17. It targets 2017 revenue growth of 30% from last year on the back of revenue from selling electricity. It is studying investment in CLMV. Its board approved a share dividend at a ratio 6 old shares: 1 dividend share with cash dividend of Bt0.04/share. It plans to issue a Bt3bn debenture. (Thun Hoon, 01/03/17)
ITEL
ITEL posted 2016 net profit of Bt67mn, up 119%. Its board approved splitting par from Bt1/share to Bt0.5/share to increase liquidity. It plans to ask approval from shareholders on Apr 25. (Kao Hoon, 01/03/17)
MALEE
MALEE expects 2017 revenue growth of 10-15%. It plans to launch new products for export, starting in 1Q17. It targets exports to comprise 50% in 2018. It confirmed no impact from sugar tax measure. (Kao Hoon, 01/03/17)
Comment: We have toyed around with the valuation of this company and you can either say it’s expensive or worth 2x as much in a few years.
NCH
NCH targets 2017 revenue of Bt1.7bn. It plans to launch four projects worth Bt3.7bn under the “NEXT innovation” concept. It expects this to increase presales to Bt2.75bn. (Kao Hoon, 01/03/17)
SUPER
SUPER announced 2016 net profit of Bt522mn, up 164%, aided by 730.6MW solar farm. Its board approved wiping out retained losses of Bt762mn by transferring share premium of Bt9.763bn. It expects this to be done by Mar 30. It expects to pay a dividend this year. (Kao Hoon, 01/03/17)
Comment: What does this mean? Dividend time! Though on a side note, what will SPCG do with all of the cash that it is accumulating?
TKN
TKN reported 2016 net profit of Bt781mn, up 97%. It will pay a dividend of Bt0.3/share, XD on Mar 14. It expects 2017 revenue growth of 20% with a focus on the Chinese market boosting revenue from abroad. (Kao Hoon, 01/03/17)
Comment: If they could break into the US then all bets are off
UNIQ
UNIQ reported 2016 net profit of Bt883mn, up 24% brought by higher construction revenue. It will pay dividend of Bt0.33/share. (Kao Hoon, 01/03/17)
Nigam
With robust profit in last quarter still it doesnt reflect on share price for SUPER.
Any reasons for that
Pon
It is trading @ a THB 36 bn mkt cap so I’d argue that the market has been rather forward looking for a while with SUPER
Xavi
We are getting close to dividend season and usually a good time to start pivoting from outperforming sectors to underperforming sectors. In past years pivoting to Energy, Food, electronics and Banking have been very profitable.
This year seems a touch harder, ICT and technology perhaps looks the best bet given the negative sentiment and depressed valuations and earnings. Selective yield plays in property perhaps if more stimulus is on the horizon?
I’ve retaken a position in Samtel at 11 baht after exiting In 2015. Ride the roller coaster as they say,
Pon
Could double if the government continues to open bidding for more projects.