Stocks in the news (bjc, chow, eason, eastw, eforl, gunkul, ilink, kamart, tuf, tvo, ureka, uv, wha) 17.09.15
BJC
BJC expects 2015 performance to be better than 2014 aided by new products and increasing domestic purchasing power. It is talking to a prospective partner to invest in Vietnam and expects talks to be finalized soon. (Thun Hoon, 17/09/15)
CHOW
CHOW is doing a test run of its 3.5MW power plant which it expects to come on line in September (supply 12MW). It expects 3Q15 earnings to be good backed by revenue from power plant and steel businesses. It plans to list a subsidiary soon. (Thun Hoon, 17/09/15)
EASON
EASON expects 3Q15 earnings to be good aided by Bt20mn from selling shares in a subsidiary and high demand. It expects 2015 revenue to grow 10% from 2014’s Bt503mn thanks to high orders. (Thun Hoon, 17/09/15)
EASTW
EASTW reported 1H15 revenue of Bt2.2bn with net profit of Bt805mn (+8.41%). It plans to list subsidiary “UU” in 1Q16. (Thun Hoon, 17/09/15)
EFORL
EFORL has sold 9mn WCIH shares at Bt55/share (9% stake). It will use the funds to increase capital in WCIH and plans to list it soon. (Thun Hoon, 17/09/15)
Comment: Still no idea who the buyer was for the WCIH shares, still rather strange that they would use EFORL to buy WCIH and then have to list WCIH as a separate entity
GUNKUL
GUNKUL and partner plan to invest in a 60MW biomass power plant. It plans to expand solar farms both at home and abroad. It is looking to buy a construction company to increase its opportunity to get projects for electric wire. It expects 3Q15 revenue of Bt2.4-2.5bn aided by high demand and revenue from selling electricity. (Thun Hoon, 17/09/15)
ILINK
ILINK expects to be a winner in Suvarnabhumi phase 2 and Don Mueang Phase 3, valued at Bt2bn. It got a Bt5bn project which will raise backlog to Bt10bn. (Thun Hoon, 17/09/15)
Comment: Digital econ – winner winner chicken dinner?
KAMART
KAMART has acquired ordinary shares of The Iconic Property Aree Co.Ltd., giving it a share of 33.33% of authorized capital. It is budgeting Bt150n to invest in s new plant. It expects 2015 to be better than 2014’s of Bt1bn. (Thun Hoon, 17/09/15)
Comment: So KAMART is again shifting its group’s business model? Energy to beauty to property
TUF
TUF has introduced a six-month price guarantee scheme for shrimp farmer and expects to buy Bt1.5bn worth of the crustacean. It expects 2015 revenue to achieve its target aided by increase in capacity. It expects shrimp exports of 300,000 tons next year from 210,000–250,000 tons this year. (Thun Hoon, 17/09/15)
Comment: Better than the government invoking article 44
TVO
TVO expects 3Q15 net profit of Bt300mn (+19%) backed by high demand for soybean pulp. (Khao Hoon, 17/09/15)
UREKA
UREKA plans to bid for a Bt50mn project and expects to be awarded the entire amount. It plans to focus on high margin agricultural machines. It expects 2015 revenue to grow 150% aided by a Bt100mn backlog which will be booked in 2H15. (Thun Hoon, 17/09/15)
UV
UV expects 2015 revenue of Bt13.5bn (+48%) on the back of Bt1bn in transfers for six condominiums. UV reported 1H15 revenue of Bt6bn with a Bt308mn net profit. (Thun Hoon, 17/09/15)
Comment: They’ve downgraded their estimates for this year and next year, but we think the REIT will go ahead next year.
WHA
WHA expects to sell warehouse space of 200K sqm. It expects to set up a Bt2bn REIT fund in 4Q15. It plans to increase capital by Bt4.5bn in WHART. It is talking to a prospective partner to bid for a government data center project. (Khao Hoon, 17/09/15)