Stocks in the news (amata, amatav, bch, bwg, irpc, k, ptg) 31.08.17
AMATA
AMATA maintains 2017 land sales target at 1000 rai as it has negotiations ongoing with many foreign investors, despite selling only 170-180 rai in 1H17. (Thun Hoon, 31/8/17)
AMATAV
AMATAV signals 3Q17 earnings to this year’s record with many customers ready to book area in Amata City. It plans to increase land prices by 5%. (Thun Hoon, 31/8/17)
BCH
BCH expects 2017 revenue to make a record high, driven by revenue growth of 12-15% and expansion of international customers. It plans to invest Bt3bn to build four Kasemraj hospitals. (Thun Hoon, 31/8/17)
Comment: Given the type of hospitals they are building, the time to profitability shouldn’t be as long as the WMC
BWG
BWG just got a new project worth Bt455mn. It will start the project on August 31. The project is expected to finish within 1000 days. (Khao Hoon, 31/8/17)
Comment: They are effectively a monopoly in the waste management business
IRPC
IRPC expects 3Q17 to have GIM of more than US$13/bbl, driven by recovery of refinery and higher GRM. (Khao Hoon, 31/8/17)
Comment: These refineries are enjoying themselves at the moment
K
K signals 4Q17 earnings to recover with current backlog of Bt800mn. It is waiting for the results of a bid for a project worth Bt1.6bn. (Thun Hoon, 31/8/17)
PTG
PTG believes 2017 earnings will make a record high, driven by expansion of gas stations to reach 1800. It plans to do an M&A to drive non-oil business. The palm complex project is expected to start production in 1Q18. AOTOBACS project is expected to book revenue in 2Q18. (Khao Hoon, 31/8/17)
Comment: Unless there are major movements in the oil price they will continue to reach all time’s every year