Stocks in the news (bts, epg, ichi, ilink, ptt, robins, siri, spa, whaup) 21.11.17
BTS
BTS targets 2019-21 revenue to grow by 25-30% on average from 2017, grounded in solid gains in its skytrain, advertising and real estate businesses. It will book an extraordinary gain of Bt2bn after completing the transfer of property, which it expects to finish in March 2018 . (Thun Hoon, 21/11/17)
Comment: And if more projects finally come through this will only multiple
EPG
EPG says 3Q17 result is impressive, supporting further growth in 2H17. It believes 2017 revenue will reach Bt10bn and plans to budget Bt500mn to increase production capacity and add new products in the Aeroklas product line. It also plans to acquire four to five businesses. (Khao Hoon, 21/11/17)
Comment: They’ve been saying it would be impressive for a while and it hasn’t proven to be the case. Regardless, it’s still an interesting business.
ICHI
ICHI targets 2018 revenue to reach Bt7bn from this year’s projection of Bt5.8bn, as the green tea market returns to an uptrend. It also plans to expand to Cambodia, Myanmar and Indonesia in order to facilitate revenue growth in the long term. (Thun Hoon, 21/11/17)
Comment: We’ve been wondering when ICHI would turnaround and some sales people are writing that its imminent.
ILINK
ILINK signed for the APM electric train project in Suvarnabhumi airport worth Bt2.99bn. It plans to order electric trains from Siemens immediately and expects to book revenue of approximately Bt10mn per month starting March 2018 onwards. (Khao Hoon, 21/11/17)
PTT
PTT is going to book Bt3.7bn in extraordinary gain from selling 5.41% SPRC shares in 4Q17. It also plans to acquire one more upstream business, which will be finalize in the beginning of 2018. (Khao Hoon, 21/11/17)
ROBINS
ROBINS admits 2017 revenue will be lower than target, with growth of 5% as the economy has not fully recovered yet and purchasing power has been shrinking. It is going to launch promotion in tandem with “Shop Chuay Chard” campaign to stimulate purchasing power and plans to open new stores to meet its with target of 55 stores in 2020. (Khao Hoon, 21/11/17)
SIRI
SIRI reports 10M17 SDH and TH presales of Bt11.3bn, growing by 30% from last year and accounting for 75% of Bt15mn target. It has launched its first SDH and TH project in Ayutthaya, “Anasiri”, worth Bt1bn to stimulate presales at the end of the year . (Thun Hoon, 21/11/17)
SPA
SPA’s board approved the signing of a franchise contract with a Chinese company to operate “Let’s Relax” spa in Tianjin, China, which is expected to open in 1Q18. It believes 4Q17 revenue will continue to grow and expects 2017 revenue to grow by 30%. It plans to open three more outlets in December, which will increase total number of outlets to 41. (Khao Hoon, 21/11/17)
Comment: Exporting the Thai massage brand throughout China, I always thought that Healthland would’ve done this.
WHAUP
WHAUP is going to build a 8.63 MW industrial mass power plant, Chonburi Clean Energy, with its partner at an investment cost of Bt1.8bn. It expects to start up by 4Q19. (Thun Hoon, 21/11/17)