AJD’s board has approved 60% of VDC for Bt7.5mn. It will providing funds not exceeding Bt50mn for VDC to use as working capital for its Online Top Up business. (Thun Hoon, 12/10/15)
Comment: Well the news its that Alibaba is involved, who knows how this will turn out and if it really can be a true competitor to FSMART and indirectly 7-11’s as well.
BEAUTY expects to report 3Q15 earnings by Nov 15. It expects 3Q15 earnings to be good backed by high orders and the baht depreciation. It expects 2015 revenue to grow 20% as targeted, aided by more customers both at home and abroad. (Thun Hoon, 12/10/15)
Comment: Still flummoxed by the ability of this company to continue its wonderful earnings growth
BJCHI expects to bid for projects valued at Bt10bn and expects to get 50% of these. Its backlog is Bt6.5bn. It expects 2015 revenue to grow 15% from 2014’s Bt4.58bn. It is talking to a prospective partner to invest in alternative energy, which it expects to finalize in 2016. (Thun Hoon, 12/10/15)
Comment: Not to sure on the alternative energy approach, however with such a huge cash %age on their balance sheet, if it makes a better return than existing businesses why not.
DCON expects 2015 revenue of Bt300mn. It has a Bt20mn job from EA, supplying 620 foundation piles, profit on which it expects to book this year. It has budgeted Bt55mn to set up a new plant in Cambodia. (Khao Hoon, 12/10/15)
GUNKUL wound up a roadshow in New York on Oct 7-8 with a good response. Its backlog is Bt1.5bn. It expects 2015 revenue to grow more than 50%. (Khao Hoon, 12/10/15)
KCAR expects 2016 revenue to recover backed by growth in the used car market after excise tax was increased. It plans to open a second used car lot. It expects to lease 7,000 cars next year. It expects to maintain net profit margin at 10%. (Thun Hoon, 12/10/15)
Comment: A solidly run leasing company, which has been hurt by the lack of expansion by corporations in Bangkok (hence the earnings and revenue decrease) as well as a decrease in its second hand car sales, nothing fancy but at the right price worth a look.
MODERN sold 100mn TPAC shares for a total of Bt780mn and 20mn warrants for a total of Bt56mn to Mr. Anuj Lohia & Qama Investment Limited. (Khao Hoon, 12/10/15)
Comment: That’s an interesting sale…lohia family is IVL
MTLS expects 3Q15 earnings to be good backed by 60-70% loan growth. It expects 2015 loans to total Bt19bn (+50%). (Than Settakij, 12/10/15)
NNCL expects 2016 revenue to recover on the back of increasing in land sales thanks to the BoI privileges and weaker baht. It expects Japanese investors to buy land in industrial estates. It expects its power plant to contribute revenue of Bt2bn/year after 2016. It plans to invest in more power plants. (Thun Hoon, 12/10/15)
SEAFCO has been awarded a new project valued at Bt261.4mn. It expects to bid for Bt2.9bn in projects in 4Q15. 3Q15 performance is expected to be good aided by transfers. It expects 2016 revenue to grow backed by public projects. (Thun Hoon, 12/10/15)
SYMC expects 3Q15 earnings of Bt35mn, up from 2Q15’s Bt33.23mn thanks to increasing demand from its existing customer base. (Thun Hoon, 12/10/15)
TMB expects 3Q15 earnings of Bt2.28bn on the back of loan growth. It expects fee revenue from bancassurance and mutual funds to grow 20%. It expects 2015 net profit to drop because of the economic slowdown. It expects net profit to recover next year to Bt9.96bn (+17%). (Thun Hoon, 12/10/15)
TSE expects 2015 net profit to be good after its solar power projects started up and contributed Bt281mn in the first half of the year. It plans to invest in 30MW solar power in Japan, which is expected to be cleared by 1H16. It is considering investing in alternative energy in neighbors. It plans to bid for 800MW in solar projects. (Thun Hoon, 12/10/15)