ABC expects to report net profit in 3Q15 after a loss of Bt32mn, with revenue of Bt3bn. It plans to expand to E-commerce by launching an application with a credit card point redemption campaign. (Khao Hoon, 26/05/15)
Comment: I still have extreme doubts on ABC’s business, perhaps they’ll allow us to redeem credit card points to purchase the property projects they are also planning on doing?
BCP expects to book inventory gain in 2Q15 with 2015 EBITDA of Bt10.4bn. The company has scheduled a meeting with shareholders about selecting board members from the Vayupak Fund and SSO. (Khao Hoon, 26/05/15)
2Q15 earnings to be better than 1Q14’s Bt308mn backed by increasing orders that will raise revenue to Bt1.7bn. Management says the company plans to expand into Indonesia. (Thun Hoon, 26/05/15)
Comment: Indonesia…not the easiest market in the world for beauty products. But retail punters love to hear this!
Management expects 2Q15 earnings of Bt16bn, third in the insurance business. (Khao Hoon, 26/05/15)
CHO confident the BMTA will announce the winner of the 489-NGV bus project in 2Q15. It expects this to raise its backlog from Bt480mn to Bt4.2bn. 2015 revenue is expected to grow 139%. (Khao Hoon, 26/05/15)
Comment: CHO, despite not having political links will definitely be a beneficiary of this. But will earnings look like an xmas tree?
The construction business continues to trend up. Its profit is expected to grow 30% to Bt1.3bn supported by projects obtained from bids. (Thun Hoon, 26/05/15)
2Q15 earnings will surge from signing contracts and booking Bt2bn revenue from its backlog. Management says revenue from the power plant in Japan is expected to be booked by the end of this year. It is confident 2015 revenue will grow 25% to Bt5bn. (Thun Hoon, 26/05/15)
EPCO plans to acquire a 50MW solar power plant in Europe. It expects to book revenue from this plant in 3Q15. It plans to set up a JV to invest in a 50MW wind power plant to increase the capacity of its subsidiary Bo-Ploy Solar. It expects a boost in 2Q15 earnings and 2015 revenue is estimated to rise more than 25%. (Thun Hoon, 26/05/15)
Comment: Clever move by EPCO, utilise the currency depreciation in Europe as an opportunity but I don’t know about the IRR’s on solar plants in Europe off the top of my head
2Q15 profit to be better than 2Q14’s. 1H15 refinery margin is expected to be US$13, nearly double 1H14’s US$7. The company plans to invest Bt10bn into an upstream project for hygiene and value added products. (Khao Hoon, 26/05/15)
LDC plans to open 10 outlets and expand its dental product lines by 4Q15. It expects 10% growth in 2015 revenue. It plans to expand into Myanmar and Cambodia. (Thun Hoon, 26/05/15)
Comment: Couldn’t the dentist business be similar to the hospital business? If so what is the potential LDC? Then again with a PBV of 7x and 1,000 PEx maybe we should stay away from LDC
MPG says it expects 2015 revenue of Bt950mn. It plans to open a second “Stardust” branch at Seacon Square. It plans to invest in alternative energy via a JV with the deal to be finalized this year. (Khao Hoon, 26/05/15)
PCA estimates growth in 2015 earnings aided by booking 50% revenue from its backlog. The JV deal is expected to be concluded by June 2015. It expects to get a Bt15mn job from Myanmar that would give 10-20% growth of 2015 revenue. (Thun Hoon, 26/05/15)
PSL is confident 2015 BDI will be higher than average. The company will take delivery of 24 cargo ships worth US$654mn. The rights offering for 519.7mn shares will begin this week. The company expects to get US$63mn from the RO. (Khao Hoon, 26/05/15)
Comment: They have usually been very spot-on with their predictions for the BDI, should that be the case then perhaps this stock worth mid-teens
Investment plan for petrochemical complex expected to be concluded by 3Q15 with funding of US$5bn. It expects to book an inventory gain upon recovery in oil price. (Khao Hoon, 26/05/15)
2Q15 earnings will be this year’s best from high season that will raise demand for transportation plus lower costs after oil prices fell. 2015 profit is expected to grow 83.91% to Bt665mn, the highest in three years. (Thun Hoon, 26/05/15)
Management approved setting up a subsidiary, Sansiri Guernsey, in England to develop property for sale and lease. (Thun Hoon, 26/05/15)
2H15 performance is estimated to trend up backed by orders from overseas and the baht depreciation. It plans to increase revenue from abroad to 50%. (Thun Hoon, 26/05/15)
2Q15 profit is estimated to grow 7% backed by satellite revenue and extra gain from selling Synertone shares for Bt100mn. It expects 46% revenue growth in 2015, the best in the nonmobile sector. (Khao Hoon, 26/05/15)
Comment: THCOM had a wonderful turnaround during 2011-2013, the question is now, whats next?
TRUBB plans to set up a manufacturing base in Myanmar to reduce cost. The plant will operate in 2Q15. It is confident the company will report 2015 profit from 2014 loss of Bt123.37mn backed by recovery of rubber price and the baht depreciation. (Thun Hoon, 26/05/15)
2015 profit is expected to reach a new high on revenue of Bt1.5bn. It plans to open more outlets to expand its market and sales. It expects growth in 2Q15 earnings. (Khao Hoon, 26/05/15)
Comment: A great little business here.
WIIK plans to set up a subsidiary for pipeline system management in 3Q15 which will smooth its revenue. 1Q15 earnings were better than 1Q14’s. (Khao Hoon, 26/05/15)