Mid-east investor interested in BCH shares as it is a small-cap with strong fundamentals. It expects this deal to expand customers from the Middle East. (Thun Hoon, 04/09/15)
Comment: A mini BH in the making perhaps?
BDMS reports that G. Wasupol Co Ltd has transferred its business to BDMS. It plans to add more three hospitals. (Khao Hoon, 04/09/15)
Comment: Issue for BDMS is that growth is going to look smaller b/c of its scale
FSMART’s management accused of corruption by former shareholder. It expects this to be in the courts this month. (Khao Hoon, 04/09/15)
Comment: Then perhaps that shareholder should sue every past government in Thailand’s history as well.
KKP expects loans growth to drop because of the sluggish economy. It expects to have to make extra provisions. It targets 2015 NPLs of 6%. It does not plan to open new branches after closing 24 branches but expects to focus on service improvement. (Thun Hoon, 04/09/15)
KTB will launch two types of personal loans targeting small private customer. It targets Bt1.5bn loans from this product this year. (Post Today, 04/09/15)
ML expects 2H15 to be good thanks to government stimulus measures which focus on farmers. It plans to do nano-finance in 4Q15. (Thun Hoon, 04/09/15)
MTLS expects 2015 net profit to mark a record high on the back of loan growth. It targets 910-920 branches this year and 1,400 branches in three years, focusing on the southern and northeastern region. (Thun Hoon, 04/09/15)
Comment: A legalised loan shark is worth close to USD 1 bn,
NCH expects 2H15 net profit to grow 100% from 2H14. It targets 2015 revenue of Bt2.2bn backed by Bt1bn backlog. It plans to launch two projects, valued Bt1.5bn. It is talking to a prospective foreign partner to develop a new project. It says it has no plan to sell the company. (Thun Hoon, 04/09/15)
NUSA plans to sell Bt3.7bn shares via PP to its partner. It expects 2015 net profit to mark a record high with Bt5bn in sales on the back of NUSA ONE. (Thun Hoon, 04/09/15)
Comment: Perhaps one of the worst property companies in Thailand today, stay away from this unless you’re an insider
ROBINS expects 2H15 net profit of Bt1.17bn (+24%) with Bt14.26bn in revenue (+14%). It plans to open more stores and increase its tenants. (Khao Hoon, 04/09/15)
S expects to show a net profit this year even though it will get no revenue from sales. It targets 2018 revenue of Bt20bn. It plans to acquire 3-4 companies valued at Bt1bn. (Khao Hoon, 04/09/15)
Comment: There are rumours speculating left right and center that they have bought a hotel and are looking at other assets too
SAMART expects to benefit from a project from the MEA. It expects this to increase net profit by Bt32mn this year and 3% next year. It expects 2H15 performance to be close to 1H15’s. (Khao Hoon, 04/09/15)
Comment: Perhaps one of the better rebound plays in the market, SAMTEL looks the most attractive within the group.
SCC expects 2H15 net profit to be higher than 1H15’s Bt24.9bn on the back of high demand in petrochemical and cement industrieis. It expects 2015 net profit to reach the highest point. It is budgeting Bt6.7bn in CAPEX for next year. (Thun Hoon, 04/09/15)
SF expects to book extra gain from selling 50 rai of land after the Mega Bangyai project was cancelled. It estimates a 30% increase in cost. It has budgeted Bt7bn to invest in Mega Rangsit, taking a 49% stake. It expects operating profit to grow 40% from 2014’s Bt249mn. (Bangkokbiznews, 04/09/15)
Comment: They’ll make a small fortune on this property, but it is just a 1 time shot.
SITHAI plans to expand to GMS (Greater Mekong Sub-region) and targets to achieve Bt20bn revenue in five years. It plans to list its subsidiary in 2017. It expects 2015 revenue of Bt10bn on the back of lower material cost. It plans to manage stock inventory as prices are fluctuating. (Bangkokbiznews, 04/09/15)
Comment: The listing of the subsidiary in Vietnam should be a positive to the company
SMPC expects 2H15 performance to be better than 1H15 on the back of higher demand, a stable steel price and the baht depreciation. It expects 2015 revenue to grow 15-20%. It plans to expand to Africa, Asia, and Middle East as it sees high demand for LPG gas cylinders in those areas. (ASTV, 04/09/15)
SUPER reports that its subsidiary has signed a PPA with PEA, capacity of 8MW. (Post Today, 04/09/15)
TK plans to set up a subsidiary to do nano-finance. It expects to show a net profit this year despite the drop in loan growth of 5% since it already booked profit of Bt215mn in 1H15. It plans to expand loans abroad to where revenue from abroad comprises 50%. (ASTV, 04/09/15)
TOP expects 3Q15 to be good despite booking Bt1bn stock loss. It expects to benefit from refinery margin which is above US$6. It will pay a dividend of Bt0.9/share, XD on September 10. (Khao Hoon, 04/09/15)
TPIPL has budgeted Bt12bn to raise its capacity from 4.5mn tons to 9mn tons in preparation for the onset of public investment. (Thun Hoon, 04/09/15)
Comment: The driver behind their stock price is the expansion into renewables, even though not much has materialised
TSR plans to expand its distribution channel via modern trade (HomePro, Do Home for example) and telesales, expecting nationwide coverage. It plans to introduce water filter “SAFE” via HomePro, Do Home and telesales, focusing on the provinces by the end of this year. Management expects 2015 revenue to achieve 30% target growth of Bt1.5mn. (ASTV, 04/09/15)
Comment: 2Q #’s were disappointing as, according to management, they dropped the selling price of new products by 40%.
VGI is talking to a prospective partner to invest abroad. It plans to increase revenue by focusing on LED billboards. It targets 2015 revenue of Bt837mn after it has cancelled media via modern trade. (Thun Hoon, 04/09/15)
VTE plans to go to Indonesia this month to gather information for investing in the power business. It expects to make a decision by the end of this year and start development in 2Q16. It expects a 1.2MW solar farm in Japan to contribute revenue in 2H15. It expects 3Q15 earnings to turn around after net profit reached Bt9mn in 1H15. (Thun Hoon, 04/09/15)