Stocks in the news (cpf, ksl, mega, rs, spali, tmb, whaup, wice) 06.09.17
CPF
CPF expects 2017 sales of Bt56.74bn or 13% growth, after 1H17 earnings grew 11%YoY. It recently launched new ads to attract the new generation. (Khao Hoon, 6/9/17)
KSL
KSL to join SPP Hybrid Firm bidding. The project capacity is 20MW. It expects to book extra revenue in 4Q17 from its joint venture with BCP. This is expected to be finalized in October. (Khao Hoon, 6/9/17)
MEGA
MEGA believes that 2H17 earnings will be strong, driven by high season. It plans to buy a business abroad for future growth. (Khao Hoon, 6/9/17)
Comment: Revenue growth is nothing special, everything is with the margins and their ability to continue expanding them
RS
RS believes 2017 earnings will reach Bt3.5bn or +15%YoY, driven by Channel 8 and its health & beauty business. It plans to attract viewers by introducing news, Bollywood series, soap operas, and boxing matches to boost its audience to 500,000 this year. (Khao Hoon, 6/9/17)
Comment: Here the story is how many beauty products can they continue to sell via their TV channel and for how long can they do it for? My guess is that its a 2 year story at best..then again I have been wrong with BEAUTY…
SPALI
SPALI plans to launch three condominiums valued at Bt5.7bn this month, boosting presales to Bt27bn. It plans to launch 14 new projects worth Bt10bn over the rest of this year. (Khao Hoon, 6/9/17)
TMB
TMB targets 2017 corporate loan growth of 10-13% or Bt400bn, driven by a new customer base. It targets 2017 revenue growth of 6%YoY. (Thun Hoon, 6/9/17)
WHAUP
WHAUP has started up 130MW project. It plans to COD another project with total production power of 30MW. It plans for total equity capacity in 2017 of 474 MW. (Khao Hoon, 6/9/17)
WICE
WICE signals strong 3Q17 earnings, driven by high season and booking revenue from SEL. It expects 2017 revenue to grow 30% to Bt1.3bn. (Khao Hoon, 6/9/17)