Stocks in the news (a, bgt, earth, fsmart, lalin, lhbank, q-con, max, mcs, mint, pttep, thani, world) 29.07.16
A
A expects 2016 net profit to mark a record high despite the slowdown in 2Q16 sales. It plans to launch 3-4 new projects, valued at Bt2bn. It expects 2016 sales to reach Bt6bn. It targets revenue to hit Bt10bn within three years. (Thun Hoon, 29/07/16)
Comment: It is rather incredible how this property developer started with effectively nothing back in ’97 to achieve these levels of revenues
Â
BGT
BGT expects to show a net profit this year thanks to strong growth in sales in 1H16. It plans to launch new products throughout the rest of the year. It targets revenue to grow 15%. It plans to expand to Myanmar with two new branches. (Thun Hoon, 29/07/16)
Comment: A forgotten consumer brand retailer if there was one. One can guess that they’ve struggled with the advent of the new brands hitting the Thai market in the past 5 years
Â
EARTH
EARTH expects 2H16 earnings to be good backed by numerous orders and seasonality. It plans to expand to China where it is getting orders amounting to Bt4-6bn/year. (Thun Hoon, 29/07/16)
FSMART
FSMART expects to report its earnings on Aug 11. It expects 2Q16 revenue and profit to record a new high, supported by more top-ups and the addition of 78,000 on-line top-up machines. It will sell 2018 FIFA World Cup Russia tickets on Aug 1. (Kao Hoon, 29/07/16)
Comment: And this compounding machine continues to grow
Â
LALIN
LALIN plans to launch new projects to handle demand in 2H16. It expects demand to grow from public transportation. It expects 2016 revenue to grow 15%. Work on hand of Bt700-800mn is expected to be booked this year. (Thun Hoon, 29/07/16)
LHBANK
LHBANK expects loan growth of 10-12% by focusing on corporate loans. It expects NPLs to not go over 2%. It says dealing with CTBC is in process, expected to be complete in 3Q16. It will receive funds of Bt16bn from this deal. (Thun Hoon, 29/07/16)
Comment: In theory they shouldn’t have an issue with NPL’s like the traditional local banks because their customers are from LH and single detached housing is a market of “real buyers” versus speculators
Â
Q-CON
Q-CON expects substantial earnings in 2H16 aided by public projects and new products. It expects to take part in MRT and road projects as a subcontractor. (Thun Hoon, 29/0 7/16)
MAX
MAX used Bt190mn of its Bt450mn investment budget to buy 9.9MW waste power plant R-EEP. It will use the remaining Bt260mn to buy 80% of MJC shares to support future revenue growth. (Kao Hoon, 29/07/16)
MCS
MCS expects 2Q16 net profit of Bt171mn, growth of 12%, thanks to a jump of 56% in exports. (Kao Hoon, 29/07/16)
Comment: Backlog is not an issue for them for the coming years only the Yen/THBÂ
Â
MINT
MINT expects 2H16 performance to be good on the back of seasonally high tourism. It expects 2Q16 earnings to reach Bt607mn, up 12%, mainly from good hotel and food businesses. (Thun Hoon, 29/07/16)
PTTEP
PTTEP reported 2Q16 net profit of Bt2.66bn, up 102%, aided by cost control. Its average selling cost dropped as well as crude oil but volume was stable at 320,000 barrels/day. It will pay a dividend of Bt0.75/share, XD on Aug 9, PD on Aug 25. (Thun Hoon, 29/07/16)
THANI
THANI expects 2016 loans to reach Bt16-17bn. It expects demand for loans to move up in the rest of the year because of harvest season. It expects total loan portfolio to hit Bt33bn. It plans to issue a debenture to get a lower interest rate. (Thun Hoon, 29/07/16)
WORLD
WORLD reported FY2016 net profit after deducting reserve for Western University Fund of Bt187mn, an increase of 76.79% on total revenue of Bt1.23bn, up 61.61%. (Kao Hoon, 29/07/16)
don McMahon
LH BANK – any information available, as to why the private placement with CTBC BANK is at 2.20 baht/share, a 20% premium. ? Thanks.
Pon
because they wanted it to happen.
Don’t forget that the Thai banking market is restrictive to foreign institutions.
don McMahon
Thanks, K. Pon. after 20 years living in Thailand – still learning something new every day 🙂