Stocks in the news (ap, brr, bwg, emc, epco, ilink, kc, major, pps, sppt, ssi, tpipl, uwc, win) 22.09.15
AP
AP expects 2H15 backlog of Bt14.47bn, of which Bt8.47bn is expected to be booked this year. It expects 2015 revenue of Bt25.3bn as it has achieved Bt20.9mn. (Khao Hoon, 22/09/15)
BRR
BRR plans to issue a Bt2bn 2-year debenture. It expects to use the cash from this to increase capacity to 23,000 tons/day. (Khao Hoon, 22/09/15)
Comment: Every company should be issuing debentures to take advantage of this low interest rate environment.
BWG
BWG expects M&A to be finalized soon. It is ready for new machinery for the waste power plant which is expected to supply electricity next year. It expects 2H15 earnings to be good on the back of high demand. It expects 2015 revenue to grow 15% as targeted. (Thun Hoon, 22/09/15)
EMC
EMC has launched Palmio Amata Nakorn condo which targets workers in Amata industrial estate. It expects to recognize Bt261mn revenue in 4Q15. (Thun Hoon, 22/09/15)
EPCO
EPCO expects to get a 600MW cooperative solar farm project. It expects a 15MW Japanese solar farm to be finished and supply electricity in 3Q15. It expects 2015 revenue to grow 10% and net profit to grow 15%. (Khao Hoon, 22/09/15)
Comment: EPCO does have quite the professional team targeting renewable projects, no surprise in their ability to win projects
ILINK
ILINK got new jobs. It expects backlog to provide revenue and profit for at least two years. (Thun Hoon, 22/09/15)
Comment: W/ the new cabinet, how can a company be sure the digital economy works will go ahead?
KC
KC has resolved to appoint a new director to fill a vacant position. It expects to show a net profit in 3Q15 aided by investing in mega projects. (Thun Hoon, 22/09/15)
MAJOR
MAJOR expects 2015 net profit of Bt1.22bn (+20%) largely from ad income. It expects to recognize net profit from a new flagship cinema. (Khao Hoon, 22/09/15)
Comment: It’s great to be a monopoly, their cinemas @ central westgate has a payback period of 3 years
PPS
PPS expects to get a project in Cambodia. It plans to set up a subsidiary to handle AEC jobs. (Thun Hoon, 22/09/15)
SPPT
SPPT expects a net profit in 3Q15 after a 1H15 net loss of Bt4.21mn backed by implementing cost controls and improving manufacturing processes. It expects to invest in a 4MW waste power plant, which is expected to be finalized by 3Q15. (Thun Hoon, 22/09/15)
SSI
SSI has reached an agreement with its creditors to enter debt-restructuring for the massive Bt50 billion it owes them and has pulled the plug on its upstream plant in Britain as part of its strategy to keep its core business in Thailand afloat. (The Nation, 22/09/15)
Comment: tired of commenting on this. It’s done, time to move on, at one point this stock may be attractive again, perhaps post recap when there is a “magical” turnaround in earnings and local punters get excited again.
TPIPL
TPIPL expects 2H15 earnings to be good aided by waste power plant. It expects to benefit from public investment, which will increase cement demand by 4.5mn tons from 9mn tons. (Thun Hoon, 22/09/15)
UWC
UWC is talking to a prospective partner which it expects to be concluded soon. It expects to get a 15-20MW solar project in November. It plans to ask board approval for purchase of a biomass power plant which would contribute revenue this year. It is considering investing in a waste power plant. (Thun Hoon, 22/09/15)
WIN
WIN has sold the shares of Bangpakong Solar Power Company Limited to the Procap Investment limited, representing 42.88% of register capital. It plans to utilize this capital to construct a rooftop solar power plant on warehouse W3-W6 (phase2). (Thun Hoon, 22/09/15)