Stocks in the news (ajd, arrow, banpu, bcp, big, bkd, com7, delta, ilink, itd, ivl, mtls, pdi, pk, plat, ptt, ratch, robins, sci, takuni, tk, ttw, uniq) 23.02.16
AJD
AJD is studying investment in logistic business. It expects 2016 performance to be good on the back of its Top-Up business. (Thun Hoon, 23/02/16)
Comment: No comment, tired of the rubbish coming out of this firm.
ARROW
ARROW reported net profit of Bt245.2mn, growth of 65.24%, supported by decrease in raw materials cost. The board approved a dividend on 2H16 of Bt0.40/share, XD on April 29. (Khao Hoon, 23/02/16)
Comment: Boom knock out earnings *smash head against the wall for missing this*
BANPU
BANPU reported 2015 net loss of Bt1.5bn due to a slowdown in the coal business and booking losses from its electricity business in Laos. It has set a five-year budget of US$554mn to support growth further. (Khao Hoon, 23/02/16)
Comment: They have suffered and suffered like every other commodity player in coal…
BCP
BCP shows profit in 2015 of Bt4.15bn supported by GRM of above US$9. It will pay a dividend of Bt1/share, XD on 2 March 2016. (Khao Hoon, 23/02/16)
BIG
BIG will report earnings today with profit expected at more than Bt380mn or growth of 180% from 2014, supported by rising sales of mirror-less cameras. (Khao Hoon, 23/02/16)
BKD
BKD shows profit growth in 2015 of 93% and net profit of Bt159mn, up 68.51%. It will pay a dividend of Bt0.13/share. Its CEO is confident that revenue and profit will grow more than 20% supported by bidding for government and non-government jobs. (Khao Hoon, 23/02/16)
COM7
COM7 shares are of interest to local institutions because of its strong fundamentals. It expects 1Q16 earnings to be good on seasonality. It targets 2016 revenue to grow 15%. It has budgeted Bt100mn to open new branches. It is talking to a partner to invest in Vietnam. (Thun Hoon, 23/02/16)
Comment: iphone 7 is coming in 7 months!
DELTA
DELTA is confident that profit in 2016 will continue up to a new high. It targets revenue and profit growth of 10%. It has budgeted US$40mn to build a factory in India and will invest Bt400-500mn in machinery. It plans to pay its first interim dividend. (Khao Hoon, 23/02/16)
ILINK
ILINK expects 2016 net profit to mark a record high. It expects revenue growth of 10% on the back of Internet expansion over 30,000 villages. It plans to take part in Bt10bn in bids. It expects to expand abroad. (Thun Hoon, 23/02/16)
ITD
ITD is keeping its construction bid for the motorway at Bt1.6bn. It will not lower its price below the mid-price of Bt1.5bn. The Bureau of the Budget will make its decision. (Khao Hoon, 23/02/16)
Comment: I am still impressed that this company still exists given their cash flows and balance sheet issues.
IVL
IVL reported net profit of Bt6.6bn or growth of 295% in 2015. It will pay a dividend in 2H16 of Bt0.24/share, XD on May 3. It plans to increase capacity 20% to support growth. (Khao Hoon, 23/02/16)
MTLS
MTLS reported a new high for net profit of Bt280.88mn in 2015 after it has implemented active strategy by opening new branches. It targets 2016 loan growth of 50% from Bt20bn. It targets to open 400 branches. (Thun Hoon, 23/02/16)
Comment: That’s referring to the 4Q only..FY15 was a profit of THB 825 mn and hey thats nearly a 70% increase in earnings from 2014! Of course this is sustainable hence why the PE is now only 52x…
PDI
PDI has budgeted Bt1.5bn to invest in new business. It is talking to acquire three biomass power plants, capacity of 10MW/plant. It plans to terminate its zinc business in 2017. (Thun Hoon, 23/02/16)
PK
PK expects to report 2015 earnings on Feb 26. It expects 2016 revenue growth of 10% via takeovers and setting up new plants in Indonesia and Malaysia. It has budgeted Bt300mn to set up a condensing unit plant in Thailand. It expects 1Q16 earnings to be good thanks to numerous orders. (Thun Hoon, 23/02/16)
PLAT
PLAT reported 2015 net profit of Bt630mn (+44%YoY). It expects 2016 revenue to grow in the double digits, aided by its good management and rental business. It plans to launch a new shopping mall named “The Market by Platinum” in 2018. (Thun Hoon, 23/02/16)
PTT
PTT bottomed out. It expects profit of more than Bt60bn in 2016 as it will not have to book impairment of assets and its subsidiaries will do better. It reported profit in 2015 of Bt19.93bn which was mainly due to impairment of assets of Bt74.15bn. It will pay a dividend of Bt4/share, XD on March 3. (Khao Hoon, 23/02/16)
RATCH
RATCH expects revenue in 2016 to grow supported by booking profit from its power plant in Laos from March 2016. It is prepared for COD of the 132MW power plant in Nava Nakorn in June 2016. It will pay a dividend of Bt1.17/share, XD on March 2 and payment on April 27. (Khao Hoon, 23/02/16)
ROBINS
ROBINS reports net profit of Bt2.15bn, up 11.7%, supported by increase in sales and rents. It will pay a dividend of Bt1/share, XD on March 4. (Khao Hoon, 23/02/16)
Comment: ROBINS actually beat every analysts expectations, are things finally looking better upcountry?
SCI
SCI got a Bt1.6bn EGAT project; Bt1.3bn is expected to be booked this year. It expects to sign a contract for Bt2bn in projects soon, which will double its backlog. It expects to take part in the bids for Bt5bn in 4G towers and expects to get 30%. It targets 2016 revenue growth of 20%. (Thun Hoon, 23/02/16
TAKUNI
TAKUNI is talking to partner in Korea to expand its construction business and alternative energy business. It expects a decision to be made soon. It expects its subsidiary to get a Bt500mn construction project. (Thun Hoon, 23/02/16)
TK
TK reported 2015 net profit growth of 106.1% on the back of loan approvals and lower expense. It will pay a dividend of Bt0.4/share. It plans to issue a Bt2.2bn 10-year debenture to use as working capital. (Thun Hoon, 23/02/16)
Comment: It appears that every motorcycle leasing co (TK, S11, GL) had a great 2015, do note that a lot of this is due to accounting from 2014 where they all had huge NPL’s and provisions…
TTW
TTW plans to build 2nd water plant in Kratumban, size of 400,000 CMD. It expects to finish by the end of 2016. (Khao Hoon, 23/02/16)
UNIQ
UNIQ reported net profit in 2015 of Bt712mn or growth of 39.9% supported by delivery of jobs and decrease in construction materials cost. (Khao Hoon, 23/02/16)