Stocks in the news (eforl, jwd, lph, mc, ori, rp, ssp, sta, tasco, thai, tluxe) 22.05.18
EFORL
EFORL shareholders approved a capital increase via private placement of 16,108mn shares to a group of investors led by Mr. Vichai Tongtang. The funds of Bt644mn will be used to expand its medical equipment business for cosmetic surgery. (Kao Hoon, 22/5/18)
Comment: Well done that’s changing the story of this holding co
JWD
JWD expects its profit to reach a new high in 2Q18 when it starts to recognize profit from its investment in the food service business in Taiwan and a logistics business in Indonesia. The company will conclude more M&A deals in 3Q18 to support its earnings. (Kao Hoon, 22/5/18)
Comment: WHA and AMATA have both gone through the roof as a result of the EEC news, but this name still seems to be languishing
LPH
LPH expects strong operations in 2018 backed by a higher season in 2H18. The hospital plans to propose the Social Security Office increase its quota by 50,000 persons and this will give it a maximum of 210K insured persons. It expects to finalize a hospital acquisition in 2Q18 with capex at Bt300mn. (Kao Hoon, 22/5/18)
Comment: And they have a share buyback in place
MC
MC plans to start a new fiscal year, running from July 1, 2018 to June 30, 2019. It plans to revise its revenue growth target in 2018. It expects to increase sales overseas and on-line. It is talking with potential partners in Malaysia and targets on-line members to hit 1mn in 2019. (Thun Hoon, 22/5/18)
Comment: I doubt management’s ability to expand beyond the core business, they haven’t succeed with the multi brand multi product approach yet, nor with any international expansion
ORI
ORI has partnered with Nomura Real Estate, a big real estate developer in Japan, to develop Origin 24 , a mixed-use project with a value of Bt4.0bn. The company has sold 49% of its subsidiary to Nomura Real Estate and will recognize an extra gain of Bt73.5mn. (Kao Hoon, 22/5/18)
RP
RP is partnering with a company listed on mai to provide land transportation from Bangkok to Surat Thani. The company plans to increase ferry frequency given rising traveling demand for Samui and Pa Ngan. It expects revenue growth at 5-10% this year. (Kao Hoon, 22/5/18)
SSP
SSP expects strong operations in 2Q18 backed by rising revenue from power plants and targets revenue growth at 10% this year. The company has strong financial support and plans to invest more in Thailand and overseas. (Kao Hoon, 0/1/18)
STA
STA said the demand for rubber is increasing from a growing auto and healthcare industry. The company plans to increase capacity for rubber gloves, a high-margin product, and targets capacity to hit 16bn pieces/year. (Thun Hoon, 22/5/18)
TASCO
TASCO expects the better asphalt sales in 2Q18 of 320K tons and targets 2018 asphalt sales at 1.92.0mn tons. Growing demand in Thailand and overseas is pushing up prices. The company plans to increase capacity in Malaysia in July-August. (Thun Hoon, 22/5/18)
THAI
THAI’s directors has approved the recruitment of Mr. Sumeth Damrongchaitham as president. The board has set up a remuneration subcommittee to negotiate the employment conditions. (Kao Hoon, 22/5/18)
TLUXE
TLUXE will divest its Geothermal 15 power plant in Japan for Bt1.4bn and will recognize extra gain in 3Q18. The company will invest into property development in Vietnam with a value at Bt900mn. (Kao Hoon, 22/5/18)
Joe Brown
another president for Thai, lots of false promises from his loooooooooong line of predecessors but this “company” loses money year after year, a feeding frenzy on plane orders
Pon
Just smile and don’t ask questions.