Stocks in the news (advanc, aot, chase, ecl, pcc, ptg, s, sithai, tkn, tpoly, wha, xo) 21.03.23
ADVANC upbeats earning outlook from improved ARPU on eased competition, higher revenue from sim sales on surging tourists arrival, maintain mid-single digit revenue growth target, broadband M&A with TTTB expected to complete by end of 1Q.
Comment: And voila…we have 3 players now (yeah yeah I know it’s only 2 NT doesn’t count, but on paper…) and it’s time to start charging us users more.
AOT sees summer flights slot via 6 airports under management, +300-400% yoy, expects improved non-aero revenue after Covid remedy package for tenants expire at end of Mar.
CHASE sets 15% revenue growth target this year, Bt1b capex for bad debts acquisition.
Comment: Oh? Yes? So they’ll actually show up to some auctions for the first time in 24 months? So this isn’t just a bs company that wasn’t put together for an IPO? Let’s see, happy to be proven wrong.
ECL sees solid growth in 1Q23 post-covid, shopping stimulus and recovering tourism, boosting demand for loans, sets Bt10b loan port within 2 years, 4.5% NPL.
PCC wins substation upgrade & maintain project from Provincial Electricity Authority (PEA) valued at Bt191m.
PTG sets Bt1.5-2b capex for jv with non-list finance company to offer lending outlet at 3,000 of its service stations, CODs in 2H.
Comment: Urghhhhhhh c’mon PTG, another loan shark business model (albeit “legal”), is this really all that Thai businessmen can think about expanding into?
S sets 34% revenue growth target to Bt17b, Bt6-7b capex for real estate, hotel and IE.
SITHAI expects positive 1Q momentum continue from recovery demand for bottle & packaging on improved domestic consumption & recovery tourism, overseas sales from Vietnam & India, wider margins from lower raw material as plastic beads price drop, tailwind from eased THB, targets full year revenue high revenue >Bt10b.
TKN sets 15% revenue growth target, with double digit net profit growth, mulls revising plan to open Taokaenoi Land, an important landmark to attract Chinese tourists.
Comment: That’s it, I’m going to create a company that services Indian tourists…none of these thai plc’s get it.
TPOLY wins construction contract from BKK Hospital Sanamchan worth Bt125m.
WHA mulls revising land sale target around mid-year, from current 1,750rais, on strong 1Q.
Comment: Yes it will be revised higher, it’s going to be a good few years for WHA.
XO sets 10% revenue growth target, with 40% GPM, mulls revising up selling price by 8-12%, sees sales recovery in 2H, after sluggish 1H.
Comment: Still hold this company in high regard, but comps were difficult in 2022, likely to remain difficult until 4Q23.
2 thoughts on “Stocks in the news (advanc, aot, chase, ecl, pcc, ptg, s, sithai, tkn, tpoly, wha, xo) 21.03.23”
regarding TKN, chinese vs. indian tourists:
1.) i guess it’s somewhat natural, there are more chinese-thais than indans-thais, esoecially in the really big bueinsses.
2.) i think a company catering to the indians would be successful. they are now more than the chinese are (plus chinese have a falling population now) and – i think – as a whole india is on a more upwards leading path than china now.
1. In bkk yes.