Stocks in the news (aav, bay, bigc, centel, ck, com7, cpf, cwt, gold, ichi, ocean, uwc) 09.09.16
AAV
AAV expects 3Q16 to grow 20%, driven by Chinese tourists. It plans to open four more routes after already adding 10 routes this year. It is ready for the AOC assessment on Sept 12. (Thun Hoon, 7/9/16)
Comment: A discussion with the founder, T.F., indicates that he’d like to take back all of the Air Asia’s that aren’t fully under his control. I wonder what the outcome shall be for Air Asia Thailand
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BAY
BAY goes for home loans with interest rates of 4-5% for seven years. It targets new home loans to grow from Bt52bn to Bt65bn and limited NPLs at 2.5-2.6%. (Khao Hoon, 9/9/16)
Comment: This is an amazing movement, don’t be surprised to see more and more clients shift to BAY
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BIGC
BIGC to renovate Mahachai branch for Bt100mn. It plans to expand the area by 15,920 square meters. (Khao Hoon, 9/9/16)
CENTEL
CENTEL expects to perform well in 2H16, driven by its food business. It plans to expand its business abroad and buy a hotel in Dubai. (Thun Hoon, 7/9/16)
CK
CK increases revenue target to Bt44-45bn from Bt35-38bn. It plans to bid in the Bt200bn government project bids, lifting its backlog above Bt100bn. It says 2016 earnings will be better than 2015. (Thun Hoon, 7/9/16)
COM7
COM7 expects iPhone7 to boost sales. The iPhones will be available at stores around October this year. (Khao Hoon, 9/9/16)
Comment: It had a little pop pre the iPhone7 announcement but the market just took it down with everything else.
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CPF
CPF approved as DJSI Emerging Markets member this year, because of its World Kitchen vision. (Khao Hoon, 9/9/16)
CWT
CWT is sending CWTG to buy BSF3, a solar farm with 5MW worth Bt76.07bn. It targets 2016 revenue to reach Bt1.7bn. (Thun Hoon, 7/9/16)
GOLD
TRIS Ratings upgraded rating of GOLD to BBB+ from BBB with stable earnings growth from higher revenue. (Khao Hoon, 9/9/16)
ICHI
ICHI expects to see revenue of Bt6.3bn. It plans to launch a new product, YenYen, on Indonesian markets next month. It also plans to increase OEM work and export revenue to reach 4% of total revenue. (Khao Hoon, 9/9/16)
Comment: We do wonder when ICHI will roar again. It’s a consumer name, has had declining #’s, could a turnaround in operating performance be coming within the next few years?
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OCEAN
OCEAN expects 2016 revenue of Bt310mn. It is open for business partners to drive alternative energy. (Thun Hoon, 7/9/16)
UWC
UWC expects 2016 revenue to grow 100% from telecommunications tower sales growth. It believes 4Q16 earnings will be positive. It also plans to invest in two biomass power plants soon. (Khao Hoon, 9/9/16