Stocks in the news (abc, bcp, bkd, esso, fer, ksl, lit, lph, mfec, mill, pdg, qlt, richy, pttep, samart, synex, tae, thani, tvd) 23.01.17
ABC
ABC plans to focus on E-Payment and expects to sign a contract with a financial institution and its partners. It plans to provide “ABC Payment service” to boost its fee income and 2017 revenue. (Kao Hoon, 23/01/17)
BCP
BCP’s board approved in buying 50mn capital increase shares of Lithium America Corps (LAC) via its subsidiary (BCPI) for Bt1.2bn. (Kao Hoon, 23/01/17)
BKD
BKD got new projects which it expects will grow revenue by 20%. It expects to pay a dividend, with 3% dividend yield. It also expects to pay a dividend on extra gain. (Thun Hoon, 23/01/17)
ESSO
ESSO plans to open LPG service stations. It targets three stations within 1Q17. It is budgeting Bt1.5bn to open 35 full-service stations. (Kao Hoon, 23/01/17)
Comment: The number of stations is nothing compared to what PTG has been doing in the past few years
FER
FER’s board is budgeting Bt170mn to invest in 4MW biogas power plant, taking a 70% stake. It expects this to operate and contribute revenue immediately. It plans to invest in more alternative energy projects. It is budgeting Bt550mn to acquire Star Gas to boost its revenue. (Kao Hoon, 23/01/17)
Comment: So this company was taken over, renamed and is now going into renewable energy
KSL
KSL’s board approves a dividend on 2016 performance of Bt0.1/share for a total of Bt441mn. This implies 188.24% of its own earnings and 30.92% of consolidated. (Kao Hoon, 23/01/17)
Comment: We think that the name has peaked for now, unless sugar prices go up another level
LIT
LIT targets loans of Bt10bn in 2017. It expects net profit to continue to grow, backed by public investment. (Kao Hoon, 23/01/17)
LPH
LPH expects to benefit from increasing social security contribution from SSO. It expects more news this month. It plans to ask for 50,000 SSO employee registrations. It targets 2017 revenue to grow 10-15% from 2016. (Kao Hoon, 23/01/17)
Comment: The SSO increase is expected to be +4-5% hence why names such as LPH, RJH, VIBHA have all been strong in the past few weeks
MFEC
MFEC is ready to expand using its Bt700mn cash on hand. It plans to implement a new business model (JV and M&A), which it expects will upgrade system management quality. It plans to expand to ASEAN with a policy of One-Stop Service. It expects to get more jobs from 4G projects for government units and Village Internet. It targets 2017 revenue growth of 15%. (Thun Hoon, 23/01/17)
MILL
MILL expects 2017 performance to continue to grow from last year on the back of high demand for steel for public projects. It is talking with a partner in Vietnam. (Thun Hoon, 23/01/17)
PDG
PDG expects to benefit from a recovering economy this year. It is studying expanding its product line using its Bt200mn cash on hand, which it expects will be enough to fund this year’s investment. It targets 2017 revenue growth of 10%. It is looking for a partner in Cambodia and plans to expand abroad. (Thun Hoon, 23/01/17)
QLT
QLT targets 2017 revenue growth of 10% as the power industry recovers, backed by the country’s development plan. It plans to focus existing customers and improve employee efficiency. (Kao Hoon, 23/01/17)
RICHY
Foreign investors are interested in RICHY (China, Japan, and Malaysia). It plans to launch three projects in 1Q17 with a total value of Bt2.5bn. (Kao Hoon, 23/01/17)
PTTEP
PTTEP plans to set up a committee to investigate allegations connected to Rolls-Royce. It expects the results within 30 days. (Thun Hoon, 23/01/17)
SAMART
SAMART targets 2017 revenue of Bt20bn. It already has a plan to handle Digital 4.0 via “SAMART 4.0 Strategy Transformation to Success and Beyond”. (Kao Hoon, 23/01/17)
Comment: Could this group be the turnaround play for this year?
SYNEX
SYNEX expects 2017 revenue growth of 8-10% after achieving Bt23bn in 2016 as targeted. It is budgeting Bt300-500mn to do a JV with a domestic partner and act as a distributor for D-Link in order to expand to the commercial market . (Kao Hoon, 23/01/17)
Comment: Another former darling that has somehow recovered in their business and thus earnigns
TAE
TAE targets 2017 revenue to grow 10% on the back of high demand. It plans to expand its customer base in order to boost its revenue. It expects ethanol demand to increase after the termination of the gasohol 91 subsidy measure. (Thun Hoon, 23/01/17)
THANI
THANI reported 2016 earnings of Bt881mn, up 17.7%YoY or 39.8%QoQ from Bt67.4mn. (Kao Hoon, 23/01/17)
TVD
TVD plans to cooperate with a Japanese partner. It expects news on this in 3Q17-4Q17. It plans to implement three strategies: increasing air time on digital TV, online shopping, and adding more branches. It expects this to push up its revenue. (Thun Hoon, 23/01/17
Comment: I do wonder at what point are there too many cooks in the kitchen here. They have the taiwanese, the japanese, another potential japanese partner.