Stocks in the news (beauty, chow, demco, ggc, spali, takuni, thana) 01.09.17
BEAUTY
BEAUTY believes 2H17 earnings will be strong due to high season. It plans to expand stores both domestically and internationally, mostly via distributors in Myanmar, Lao PDR and Cambodia. This will push 2017 revenue up to a new high of Bt3.1bn or +20% growth. (Khao Hoon, 1/9/17)
Comment: Well ok. I’m not going against anything they say anymore
CHOW
CHOW approved the sale of two solar farms in Japan by a subsidiary These are Ibaraki and Oita with total production power of 4.43MW. The buyer was an infrastructure fund in Japan. The deal is worth Bt622mn and revenue is expected to be booked in 4Q17. (Khao Hoon, 1/9/17)
Comment: A great flip by CHOW
DEMCO
DEMCO has backlog of Bt4.05bn. It expects to book 90% of this as revenue this year. It says it will join auctions in 2H17. It will also record revenue from a project in Lao PDR in 3Q17. (Khao Hoon, 1/9/17)
Comment: The issues still remain, 26 foundations to be fixed without a definite timeline yet, and the WEH IPO still has no visibility
GGC
GGC believes 2H17 earnings will be strong thanks to government support via requiring the use of B7. This is expected to boost biodiesel production to reach 100%. (Khao Hoon, 1/9/17)
SPALI
SPALI expects presales this year to reach Bt27bn. It plans to launch 17 projects worth Bt15.5bn in the next four months. (Khao Hoon, 1/9/17)
TAKUNI
TAKUNI announces that a subsidiary has gotten a project in Ayutthaya worth Bt200mn, pushing backlog up to Bt1.37bn. (Khao Hoon, 1/9/17)
THANA
THANA said its plan to develop housing for the elderly in Phuket worth Bt3-5bn will be finalized in September. It targets revenue of Bt900mn – Bt1bn this year, or 20% growth. (Khao Hoon, 1/9/17)