Stocks in the news (amarin, ci, ckp, eic, inet, irc, jmt, jsp, kiat, mdx, mtls, rs, siam, smpc, solar, spa, thani, tks) 28.11.16
AMARIN
AMARIN plans to increase capital by 200mn shares, priced at Bt4.25/share, privately placed with Wattaana Pakee Co., Ltd., which will be a major shareholder. It expects this to give it fullservice media business potential and make it ready for AEC. (Thun Hoon, 28/11/16)
Comment: And that has made the stock price shoot through the roof.
CI
CI is cooperating with LOXLEY to invest in renewable energy business and will spend six months to study this proposal. It expects 2016 revenue growth of 10% on backlog of Bt2bn, which will be booked through 2018. (Kao Hoon, 28/11/16)
Comment: So is CI going to do solar powered rooftops? I can stomach that, but if a property company decides to go into renewable energy as a new business then it does change the perception and CI will go from potentially becoming a proper property company to becoming just another family held listed vehicle.
CKP
CKP approved a contract job with CHK for Nam Ngum 2 for landfill, construct structures in in 500kW area and renovate the structure at thesubstation Nabong for a total value of over Bt302.92mn. (Thun Hoon, 28/11/16)
EIC
EIC plans to acquire S. Thana Media Co., Ltd. It will take no more than 51%, spending Bt200mn. It expects this to generate income and business growth. It has already paid a deposit of Bt20mn and is looking for a financial consultant to assess the company’s value. (Thun Hoon, 28/11/16)
Comment: Left pocket right pocket?
INET
INET targets 2017 revenue growth of 30% to Bt1bn. It has a goal of 1,000 companies to be customers for Cloud Solution. It plans to increase the portion of private projects. It expects to conclude the investment in a startup business next year after IDC 3 is completed. It expects 2016 revenue to grow not less than 50%. (Thun Hoon, 28/11/16)
Comment: Quite straightforward business here, they have the government and a few large Thai corporates as their customers
IRC
IRC reported FY2016 profit of Bt514mn or growth of 16%, backed by more potential from new machines and cost reduction. It will pay a dividend of Bt1.03/share, XD on Feb 6, 2017. It expects 2017 revenue growth of at least 6%. (Kao Hoon, 28/11/16)
JMT
JMT got new debt which increases its debt portfolio to Bt100bn. It says NPLs continue to grow, especially credit card debt, which is at a ten-year high. It took part in bids for debt with five financial institutions and expects to get housing loans. (Thun Hoon, 28/11/16)
JSP
JSP signed a contract for a JV with a construction company in China, Zhongtian Construction Group, which is in the top five in China, to develop a property project worth more than Bt10bn. (Kao Hoon, 28/11/16)
KIAT
KIAT took part in a Bt100mn bid. It expects the winner to be announced in early 2017. It has a positive outlook and targets 2017 revenue growth of 7-8%. It expects 2016 revenue to be close to last year’s Bt841mn. It plans to expand to CLMV and is talking to a prospective partner. (Thun Hoon, 28/11/16)
MDX
MDX expects 2016 performance to turn around. It plans to invest in alternative energy and wipe out retained earnings losses of Bt2bn and pay a dividend. It is talking to clients both at home and abroad to sell land. (Thun Hoon, 28/11/16)
MTLS
MTLS expects to get more market share after it opened more branches in the central, northeast and south of Thailand. It plans to expand abroad, starting in Myanmar, to increase revenue. (Thun Hoon, 28/11/16)
Comment: And their numbers should continue to look quite decent until 2018, after that we don’t know. Plus if interest rates begin to climb would all of these leasing players see a contraction in their NIMs?
RS
RS expects 4Q16 performance to be good aided by recovering in ad fees. It expects 2017 performance to recover by focusing on cosmetic business and expanding its market. It plans to revamp its business plan for next year. (Thun Hoon, 28/11/16)
SIAM
SIAM announced the COD of a 1MW solar roof top and expects this to save Bt5-6mn per year in costs. It continues to book revenue from sending ready-to-use toilet to AP-SIAMESE in condominiums larger than 1,500 units. (Kao Hoon, 28/11/16)
SMPC
SMPC targets 2017 revenue growth of 15-20% brought by high demand and new clients. (Thun Hoon, 28/11/16)
SOLAR
SOLAR expects to book revenue from a 9MW solar farm in a cooperative unit and a 10MW solar roof. It expects 2017 revenue to grow not less than Bt1.5bn. It plans to take part in EPC bids both at home and abroad, valued at Bt10bn. It plans to expand to ASEAN. It plans to take part in bids for cooperative unit solar farms via a subsidiary and expects to get at least 240MW. (Thun Hoon, 28/11/16)
SPA
SPA is confident that 2016 revenue and profit will grow 40%. It plans to continue to open new branches and expects to have 31 branches by the end of 2016. It expects to open 10 branches p.a. and expects 2017 revenue growth of 30%, supported by branch expansion in Thailand and abroad. (Kao Hoon, 28/11/16)
Comment: Would the cancellation of zero-dollar tours hurt SPA?
THANI
THANI revised up its loan portfolio to Bt33bn from Bt32bn after seeing good growth in loans for trucks. It expects 4Q16 performance to be good with NPLs controlled to not be over 4%. It targets 2017 loan growth of 10%. It plans to open 2-4 branches, focusing on the provinces. (Thun Hoon, 28/11/16)
TKS
TKS plans to focus on markets abroad especially in neighbouring countries. It targets exports to comprise 10%. It plans to take part in Bt100mn bids, which will increase backlog from Bt250mn. (Thun Hoon, 28/11/16)
xavi
I would have thought cancelling ZDTs would have a significant impact on SPA and Beauty but I guess time will tell.