Stocks in the news (amata, cpf, css, gcap, ktb, precha, ps, pylon, siam, slp, super, tfd, thai, thani, trc, uwc, wha) 27.08.15

AMATA
Vietnam government has approved AMATA investment in Amata City Long Thanh, valued at US$258mn. It expects this to open in 2017 and attract US$500mn in foreign investment intially. Management expects Chinese companies to set up plants in this industrial estate, with value reaching US$4bn within ten years. (Thun Hoon, 27/08/15)
Comment: Vietnam has a few things going for it in terms of FDI, American guilt from the war, China looking to control its southern “younger” brother, Korea and Japan looking for a cheaper manufacturing base.

CPF
CPF has budgeted Bt10bn for treasure stock of about 5.17% of its shares. It expects 2015 revenue to grow 10% from 2014’s Bt426bn aided by high orders from home and abroad. (Thun Hoon, 27/08/15)
Comment: Boom, another sharebuyback, and why? Simple its holding’s in CPALL effectively mean you’re buying CPF’s business for free

CSS
CSS expects stable growth in 2H15 thanks to the telecom business. It expects 2015 revenue of Bt4.8-5bn (20-25% growth). It has opened new offices and a warehouse, preparing for business expansion. (Khao Hoon, 27/08/15)
Comment: Digital economy beneficiary?

GCAP
GCAP is looking for a business partner, expects to conclude a deal by the end of this year. It expects to get a nano-finance license soon and expects to lend in 2H15. It targets 2015 loans of Bt900mn with revenue close to last year’s Bt186.22mn. (Thun Hoon, 27/08/15)

Continue reading Stocks in the news (amata, cpf, css, gcap, ktb, precha, ps, pylon, siam, slp, super, tfd, thai, thani, trc, uwc, wha) 27.08.15

Stocks in the news (bkd, becl, bmcl, cpr, css, fpi, irpc, kbank, kcm, match, mcs, ml, nwr, pps, ptg, ptt, pttgc, rml, smt, spa, tgpro, tpoly, trt, true, tvd) 26.08.15

BKD
BKD expects 3Q15 revenue to be higher than 2Q15. It expects to be awarded projects valued at Bt1.3bn in 4Q15. It expects 2015 revenue of Bt1.3bn as Bt2.5bn in backlog is expected to be booked. It targets 20% revenue growth next year. It plans to launch a property project in 2Q16. (Khao Hoon, 26/08/15)

BECL/BMCL
BECL expects the merger of BECL and BMCL to be finished by October with the new company trading in November. It expects to book a Bt1bn extra gain from BMCL in 3Q15. It expects Sri-Rat highway to open in July 2016. (Khao Hoon, 26/08/15)
Comment: The question still stands whether or not the company will be considered to be more valuable when the two entities combine, financial theory says no, thai investors may say otherwise.

CPR
CPR expects 2015 net profit of Bt50mn after it has reaching Bt27mn in 1H15. It expects 2015 revenue of Bt500mn backed by a broader customer base. It plans to add more farming machinery in 2017. (Thun Hoon, 26/08/15)

CSS
CSS has opened a new warehouse and office as management expects the telecom business to continue to trend up. It expects 2015 revenue of Bt4.8-5bn. (Thun Hoon, 26/08/15)

FPI
FPI expects 2015 revenue to achieve 20% target growth on the back of lower material cost and baht depreciation. It expects net margin of 13% this year. It is talking with ECF to invest in a 120MW biomass power plant, which is expected to be finalized in December. (Khao Hoon, 26/08/15)

Continue reading Stocks in the news (bkd, becl, bmcl, cpr, css, fpi, irpc, kbank, kcm, match, mcs, ml, nwr, pps, ptg, ptt, pttgc, rml, smt, spa, tgpro, tpoly, trt, true, tvd) 26.08.15

Stocks in the news (ap, auct, bjchi, ccn, cho, epco, erw, gpsc, ktc, ktis, mint, pl, ptt, richy, sena, tndt, top, tpoly) 25.08.15

AP
AP expects Thailand economy to be impacted by China and US troubles but it believes public investment will keep the economy on track after cabinet reshuffle. AP has achieved presales of Bt19.88bn over the first seven months with Bt13.54bn backlog. It plans to launch Baan Klang Muang Rama 2 with selling price Bt7-9mn. (ASTV, 25/08/15)
AUCT
AUCT will hold Customs auction of 579 high-end cars including Bentley, Porsche, Audi, Mercedes Benz, Ferrari, BMW and Lexus. It expects this to contribute Bt500mn to Customs. (Khao Hoon, 25/08/15)
Comment: Remember the AUCT only receives a fee per transaction, it doesn’t benefit as much as people believe on such a sale
BJCHI
BJCHI expects 2015 revenue growth to achieve its 15% target backed by Bt6.5bn backlog and nine upcoming bids. (Khao Hoon, 25/08/15)
CCN
CCN is looking for a partner to invest in IT system business overseas. It plans to bid for Bt100mn in public projects. (Thun Hoon, 25/08/15)
CHO
CHO expects 2015 revenue to grow 80%. It will sign an NGV bus contract with BMTA on September 16 after the court has given its ruling, allowing the deal to move forward. (Khao Hoon, 25/08/15)

Continue reading Stocks in the news (ap, auct, bjchi, ccn, cho, epco, erw, gpsc, ktc, ktis, mint, pl, ptt, richy, sena, tndt, top, tpoly) 25.08.15

Stocks in the news (asimar, ba, ccp, ci, eforl, gfpt, kiat, ktb, lanna, match, ncl, paf, ple, solar, stpi, tasco, ticon, true, vng) 24.08.15

ASIMAR
ASIMAR says it is looking for a partner. It targets 2015 revenue of 15-20% as it expects to get two more jobs in 3Q15-4Q15. It expects to book revenue from two Cambodian ships. It plans to focus on ship maintenance jobs to increase margin from 10-30% to 50%. (Thun Hoon, 24/08/15)
Comment: ASIMAR has been looking for a partner for…years now.

BA
Management is considering investing in an aircraft maintenance depot offering area for
rent at Suvarnabhumi airport with a budget of Bt500-1000mn. It expects this to be finalized in 2015. (Post Today, 24/08/15)
Comment: Again the only value in BA, other than its monopoly in Samui is it’s holdings in BDMS, similar to CPF and CPALL

CCP
CCP is confident 2H15 net profit will be higher than 1H15. Its backlog is Bt2.3bn, of which it expects to book 60-70% this year. It is talking with a prospective partner to export to Myanmar and Laos, expecting this to be finalized in 4Q15. (Khao Hoon, 24/08/15)

CI
CI expects to revise up 2015 revenue growth to 20% from 2014’s Bt1.69bn aided by transfers. It plans to launch three projects with a total value of Bt3bn, which it expects will raise backlog from Bt5bn. It plans to set up a Bt1.5bn REIT in 2016. (Thun Hoon, 24/08/15)

Continue reading Stocks in the news (asimar, ba, ccp, ci, eforl, gfpt, kiat, ktb, lanna, match, ncl, paf, ple, solar, stpi, tasco, ticon, true, vng) 24.08.15