Stocks in the news (aeont, aot, cho, ck, cwt, earth, fpi, hmpro, ktb, tasco, tfg, true) 08.07.16
AEONTS
AEONTS issues debenture of Bt8bn which it will use to refinance and as funding to support its business. It reported 1H16 profit of Bt515.84mn supported by more credit card revenue. (Thun Hoon, 08/07/16)
Comment: Still one of the best operators in town
AOT
AOT has budgeted Bt194bn to develop its six airports over 5-10 years. Once finished, its airports will support 181mn passengers per year. (Kao Hoon, 08/07/16)
Comment: Contractors, materials, security firms will all benefit from this.
CHO
CHO will bid in the e-auction for the 489 NGV bus project worth Bt4bn. It expects to know the result this evening. (Kao Hoon, 08/07/16)
CK
CK signed the contract for Xayaburi in Laos worth Bt19.4bn. This will expand its backlog to Bt100bn. (Kao Hoon, 08/07/16)
CWT
CWT will bid for renewable energy project. It expects 2016 revenue of Bt1.5bn. It has more jobs to book and is steadily adding new jobs to add to its backlog of Bt1.5bn. (Thun Hoon, 08/07/16)
EARTH
EARTH is expanding its business in China by adding more distributor businesses. Recently, it booked an order for Bt6bn. It plans to do project finance with KBANK. (Kao Hoon, 08/07/16)
FPI
FPI plans to bid for a 36MW biomass power plant; qualifiers are expected to be announced in mid-July. It expects 2016 revenue growth of 10%. It signed an MOU with AF to do factoring. (Kao Hoon, 08/07/16)
HMPRO
HMPRO expects 2Q16 net profit of Bt946mn or growth of 15.30% driven by growing number of outlets. (Kao Hoon, 08/07/16)
KTB
KTB maintains its loan growth target at 3% even though loan growth was negative in 1H16. It expects government investment will support demand. It plans to increase SME loans. It expects 2H16 NPLs to be stable and maintain its coverage ratio no less than 100%. (Thun Hoon, 08/07/16)
TASCO
TASCO expects 2Q16 to be good even if it is low season. It expects 2017 rubber price to recover supported by higher demand. (Thun Hoon, 08/07/16)
TFG
TFG expects 2Q16 profit of Bt150mn or growth 552% supported by swine price increase and cost reduction. It expects 2016 net profit of Bt897mn from loss of Bt1.57bn in 2014. It plans to pay a dividend next year. (Kao Hoon, 08/07/16)
Comment: Swine prices have jumped by some 10%+ over the past 12 months
TRUE
TRUE expects 2Q16 service revenue growth of more than 22% supported by a growing customer base. It has budgeted Bt50bn to expand its network to support 7.8mn more 4G customers. It estimates 2016 mobile market growth at 3.5-4%. (Thun Hoon, 08/07/16)