Stocks in the news (alla, aot, bcpg, bgt, bki, earth, hmpro, itel, ptt, rjh, selic, tacc, tcmc, tfg, tsr, vgi) 19.10.16
ALLA plans an IPO of 150mn shares. The price will be set by the end of October. It expects to trade on the SET in mid-November. It will use the funds to build a warehouse, expand its factory, invest in a JV in Indonesia and as working capital. (Kao Hoon, 19/10/16)
Comment: Another small IPO and thus expect it to perform well on the first day. Good luck trying to get shares in it.
AOT reports more than 120mn passengers in FY2016 at its six airports, an increase of 12.3%. Suvarnabhumi passengers were reported at more than 55.4mn, with an increase of 9.83% in flights to 776,922 flights. (Kao Hoon, 19/10/16)
Comment: Just astounding!
BCPG will pay an interim dividend of Bt0.39/share, or yield of 2.7%, XD on Oct 28. It plans to invest in a power plant abroad. (Kao Hoon, 19/10/16)
BGT expects to increase its shirt capacity by 5% from 100k shirts per month. It plans to expand its branches abroad in 4Q16. (Thun Hoon, 19/10/16)
Comment: Something going on over at BGT? Their 1H16 profits have already equaled the full year of 2013.
BKI continues to buy back its shares as price has fallen. It expects 2016 total return at 3.2% and has cut its target interest income growth to 5% from 13% due to intense pricing war. (Kao Hoon, 19/10/16)
EARTH expects sales volume hit the target of 11mn tons. It plans to expand its business in China and expects to increase market share within 3-5 years. It plans to invest in the power generation business. It is studying investing in a coal-fired power plant in Indonesia. (Thun Hoon, 19/10/16)
HMPRO expects 3Q16 net profit of Bt934mn or growth of 16%, with sales of Bt14.21bn or growth of 10%. It expects 4Q16 net profit to be the year’s strongest. (Kao Hoon, 19/10/16)
ITEL targets Bt1bn in revenue in three years from Bt650mn in 2016. It has backlog of more than Bt1.08bn which it will book over ten years. It expects to know the result of the bid for a job for TRUE valued at Bt300mn this month and expects to get no less than Bt50mn. It expects to get a PEA job worth more than Bt1bn. It expects to do joint ventures with entities in Malaysia and Myanmar. (Thun Hoon, 19/10/16)
PTT has asked executives not to trade PTT shares. If they want to trade, they have to give notice 2-3 days ahead of the sale to prevent any conflicts. (Post Today, 19/10/16)
RJH will pay an interim dividend of Bt0.20/share, XD on Oct 28. (Kao Hoon, 19/10/16)
SELIC’s share price surge 40.69% on its first trading day, closing at Bt4.08. It plans to use the Bt230mn in funds to buy equipment for R&D and develop technology. (Kao Hoon, 19/10/16)
TACC got a good response to A Smile donut with capacity of 50,000 pieces per day. It expects 4Q16 sales to be good supported by high season. It plans to launch durian and mango juices under brand SAWASDEE in the China market at the end of 2016. (Kao Hoon, 19/10/16)
TCMC plans to invest in a new business, DMM, which produces distributes sofas. It expects 4Q16 earnings to be good supported by high season and the initial revenue from DMM. It plans to take over a new business in the US and UK. It expects 2016 revenue will achieve its target growth of 25-30%. (Thun Hoon, 19/10/16)
Comment: But they won’t see any investors, we know, we’ve been trying…
TFG has signed an MoU with Kasetsart University to support feed production technology research. It expects this to underwrite growth in the future. (Kao Hoon, 19/10/16)
The PRD has already paid back the loans with interest of Bt39.42mn to TSF. It will book the revenue in 4Q16. (Thun Hoon, 19/10/16)
VGI expects 2QFY16 revenue and net profit to grow. It expects to book revenue from its investment in Rabbit in April 2017 and get profit of Bt200mn per year. (Kao Hoon, 19/10/16)
2 thoughts on “Stocks in the news (alla, aot, bcpg, bgt, bki, earth, hmpro, itel, ptt, rjh, selic, tacc, tcmc, tfg, tsr, vgi) 19.10.16”
I wonder how long True will keep this strategy of sacrificing profitability for the sake of adding a few subscribers and then Recap rinse and repeat. How deep are CP’s pockets?
Well they are squeezing AIS out of 7-11. Quite remarkable but not a total surprise.