Stocks in the news (abc, alla, ama, bts, ck, com7, gl, gtb, hmpro, msc, pap, planb, qlt, sawad, singer, solar, tks, tmi, tpch, tvd) 08.12.16
ABC
ABC plans to take over AQ project, S Ratanathibet worth Bt2bn. This will add to its revenue. It expects this condominium to finish construction in 2017. It continues to expand business to support its revenue in the long run. (Thun Hoon, 08/12/16)
Comment: AQ has been an amazing flop with assets being snapped up by ABC and CHEWA. Now if someone could explain exactly what ABC does do let me know.
ALLA
ALLA has backlog of Bt352mn and this will bring 4Q16 earnings to the year’s highest. It expects 2017 revenue to reach Bt1bn and plans to bid for a new job worth Bt1bn. (Kao Hoon, 08/12/16)
AMA
AMA plans an IPO of 108mn shares, priced at Bt9.99 with subscription on Dec 8-9 and Dec 13- 14. It plans to use the funds to expand. It will list on mai, with its first trading day on Dec 22. (Kao Hoon, 08/12/16)
BTS
BTS has three pieces of good news: Expected contract signing for Yellow and Pink lines in March-April 2017, startup of operations for the North Green and South Green lines this year and the onset of revenue booked from its JV property project. This will give it outstanding earnings. (Thun Hoon, 08/12/16)
Comment: Rough numbers indicate that this all may add 1.5-2.5 THB /share in value
CK
CK plans to bid for all projects opened for bidding in 2017. It expects to get new jobs worth no less than Bt30bn. This will expand its backlog from Bt71bn currently, out of which it will book earnings through 2018. It targets 2017 revenue of Bt35bn. It expects to get the Orange Line job, for which results which will be announced soon. (Thun Hoon, 08/12/16)
COM7
COM7 expects 4Q16 to record a new high, supported by high season and government stimulus. It targets 500 branches in 2017. It is negotiating with retailers and plans to expand to other IT business to support future growth. (Thun Hoon, 08/12/16)
GL
GL to acquire CCF in Sri Lanka and BGMM in Myanmar after board approval. It expects to book US$7mn in revenue from CCF in 4Q16. (Thun Hoon, 08/12/16)
Comment: One of the best performers this year *smack head against the wall* used to be a darling of ours, didn’t believe that the market would be pricing in all this growth that won’t be achieved for … 5-6 years .. now. Oh well.
GTB
GTB is confident that 2016 revenue will hit its growth target of 8% backed by its backlog of Bt527mn. It continues to apply for rights to sell more products, most recently in AEC, and plans to set up a sales office in Malaysia with a partner this year. (Kao Hoon, 08/12/16)
HMPRO
HMPRO spent Bt620mn for a new branch, HomePro Rama 9, its 80th outlet, with area of more than 26,000 sqm. It expects revenue of Bt65mn per month. (Kao Hoon, 08/12/16)
MSC
MSC targets 2017 revenue growth of 5-7% supported by its trading business and IT service. It will focus on automobiles and bank customers. It has budgeted Bt30mn to improve technology and expects to maintain margin at 15%. (Thun Hoon, 08/12/16)
PAP
PAP expects 2016 earnings to be good supported by higher steel price. It reported 9M16 profit of Bt453mn, up from the loss in the same period last year. It expects steel price to continue rising through next year and plans to deal with a foreign partner to do all BTS Lines and projects. It expects 2016 sales volume to reach 270,000-280,000 tons or up 250,000 tons from 2015. (Thun Hoon, 08/12/16)
PLANB
PLANB expects advertising to recover and provide good 1Q17 revenue. It plans to expand advertising area by 10% next year to increase revenue. (Thun Hoon, 08/12/16)
QLT
QLT expects 2017 revenue growth of 10% from this year, supported by more jobs. It plans to add to its customers in Thailand and abroad. It believes a cut in production by OPEC will support the energy industry in the long term. (Thun Hoon, 08/12/16)
SAWAD
SAWAD plans to buy debt from bank worth Bt3bn and plans to issue a Bt5bn debenture to refinance, support loan growth and invest in Myanmar. It plans to diversify its business to invest in Vietnam and Cambodia. It is confident that 2016 loans will grow 45% and it will control bad debt to no more than 3.2%. (Kao Hoon, 08/12/16)
Comment: They are becoming a strong mini financial institution
SINGER
SINGER expects 2017 earnings to be good supported by continued growth in its business. It plans to launch new loans next year. It plans to list a subsidiary on the market. It expects staff numbers to rise to 10,000 this year to support its business expansion. (Thun Hoon, 08/12/16)
Comment: With all this government subsidies to consumers and farmers, I wouldn’t be surprised to see SINGER show a decent 4Q, but again the question will come with what happens next year with this artificial support is done
SOLAR
SOLAR expects 4Q16 earnings to continue to grow after it handed projects over to customers. It plans to bid for new jobs. It expects 2017 revenue to higher than this year’s Bt1.5- 1.6bn. It plans to expand business in ASEAN. (Thun Hoon, 08/12/16)
TKS
TKS plans to increase export revenue to reach 10%. It expects product label business to be good and expects to get a big customer. It plans to expand business in CLMV to support printing and solution business. (Thun Hoon, 08/12/16)
TMI
TMI will focus on cost reduction to support earnings in 2017. It plans to expand business in Cambodia and Vietnam which will decrease risk from Thailand’s economic slowdown. (Thun Hoon, 08/12/16)
TPCH
TPCH expects 2016 revenue to grow 200% thanks to booking revenue from the COD of 40MW power plant. It expects business to continue to grow in 2017 and plans to bid for a waste and biomass power plant next year. (Kao Hoon, 08/12/16)
TVD
TVD but its 2016 target revenue to Bt3.5bn to accommodate the slowdown in purchasing power. It plans to focus on e-commerce to get in on the move to a digital lifestyle. (Kao Hoon, 08/12/16)