A plans to open new projects worth Bt6bn to bring its backlog to Bt1bn. It expects 2016 revenue to grow 30% from Bt4.45bn last year, supported by more transfers. (Thun Hoon, 29/08/16)
Comment: One of the most stable stock price charts I have ever seen
AKR expects 3Q16 to turn to profit after booking backlog. It expects to bid for a new job in Thailand in 2H16. It targets 2016 revenue of Bt2.5bn and plans to do a JV with in Indonesia and Vietnam with local partners for power plants abroad. (Thun Hoon, 29/08/16)
AMA has filed for an IPO with the SEC of 108mn shares. It expects to expand its fleet and vehicles to allow it to get in on potential in Thailand and abroad. (Kao Hoon, 29/08/16)
Comment: No idea who this is, but looking forward to seeing another first day bounce
BANPU is preparing to increase capital of Banpu Power or BPP to shareholders at a ratio 18-25 BANPU shares to 1 BPP share. It will pay an interim dividend of Bt0.25/share, XD on Sep 8. (Kao Hoon, 29/08/16)
Comment: Another capital increase. Getting ready for the listing of BPP in the near future perhaps.
BBL will pay an interim dividend of Bt2/share, payment on Sep 23. (Kao Hoon, 29/08/16)
BDMS expects 3Q16 to be outstanding due to high season and more customers. It expects 2016 profit to reach Bt9bn, growth of 15%. It plans to expand to 50 hospitals within 2-3 years. (Kao Hoon, 29/08/16)
A expects 2016 net profit to mark a record high despite the slowdown in 2Q16 sales. It plans to launch 3-4 new projects, valued at Bt2bn. It expects 2016 sales to reach Bt6bn. It targets revenue to hit Bt10bn within three years. (Thun Hoon, 29/07/16)
Comment: It is rather incredible how this property developer started with effectively nothing back in ’97 to achieve these levels of revenues
BGT expects to show a net profit this year thanks to strong growth in sales in 1H16. It plans to launch new products throughout the rest of the year. It targets revenue to grow 15%. It plans to expand to Myanmar with two new branches. (Thun Hoon, 29/07/16)
Comment: A forgotten consumer brand retailer if there was one. One can guess that they’ve struggled with the advent of the new brands hitting the Thai market in the past 5 years
EARTH expects 2H16 earnings to be good backed by numerous orders and seasonality. It plans to expand to China where it is getting orders amounting to Bt4-6bn/year. (Thun Hoon, 29/07/16)
FSMART expects to report its earnings on Aug 11. It expects 2Q16 revenue and profit to record a new high, supported by more top-ups and the addition of 78,000 on-line top-up machines. It will sell 2018 FIFA World Cup Russia tickets on Aug 1. (Kao Hoon, 29/07/16)
Comment: And this compounding machine continues to grow
LALIN plans to launch new projects to handle demand in 2H16. It expects demand to grow from public transportation. It expects 2016 revenue to grow 15%. Work on hand of Bt700-800mn is expected to be booked this year. (Thun Hoon, 29/07/16)
Areeya expects 2H16 to launch 6 new projects in total worth Bt5.6bn. It will maintain its 2016 sales target of Bt10bn and expects revenue of Bt7bn. It will bid for a government housing project this week. (Kao Hoon, 20/07/16)
Comment: It will be interesting to see the outcome of the government project work. Plus Areeya still has that leasehold project on Rajadamri.
CPF maintains its 2016 sales growth target of 10% and expects 2Q16 earnings to be good; it expects to report in early August. It plans to acquire businesses in the UK, Europe, US and Russia. Recently, it opened its first “MAGNET” in Chiang Mai and expects to expand to four branches this year. (Kao Hoon, 20/07/16)
EA expects 2Q16 profit of Bt1bn or growth of 32%, supported by booking profit from 278MW solar farm and startup of 126MW wind energy in 2H16. This will lift 2016 profit to over Bt4bn. (Kao Hoon, 20/07/16)
Comment: There’s nothing new here except them bringing their projects online. I do wonder at what point will we see a renewable energy fund similar to a REIT?
GENCO is setting up two subsidiaries to support future renewable energy business in the future. It plans to bid for and take over power plants. It expects 2Q16 earnings to be outstanding and 2016 to be a new high. (Thun Hoon, 20/07/16)
IHL set up “Inter Green” to diversify its business. It targets revenue from new business of no less than Bt200-250mn per year and expects gross profit of Bt150mn. This will increase 2016 revenue to Bt2.5bn. (Thun Hoon, 20/07/16)
Areeya targets 2016 revenue of Bt7bn supported by its backlog of Bt2.34bn, of which will book Bt1.5bn this year. It has stock of Bt3.5bn. It expects sales of Bt10bn in 2016. It plans to launch 12 projects worth Bt20bn. (Khao Hoon, 10/06/16)
Comment: Their stock price performance has one of the smoothest charts I’ve ever seen.
AP expects 2Q16 earnings to be better than first quarter due to more transfers. It is confident that 2016 revenue will reach target of Bt23.7bn as it has backlog of more than Bt12bn. It plans to launch 13 new projects valued at Bt25bn in 2H16. (Thun Hoon, 10/06/16)
Comment: They came out with rather strong pre-sale #’s
APCO expects 2Q16 to continue to grow. It expects 2016 revenue growth of 10% and with net profit growing 25%. It will focus on the domestic market. It plans to launch a new product in 4Q16. (Khao Hoon, 10/06/16)
AQ will focus on low-rise projects. It plans to open two new condos worth Bt1bn. It opened hotel in Chiang Mai to bring rental revenue to Bt200mn per year. (Thun Hoon, 10/06/16)
Comment: Weren’t they recently bankrupt?
CHEWA bought a condominium from AQ for Bt586mn. It expects this to contribute revenue rapidly. It expects 2016 revenue of Bt1.7-1.8bn. It plans to open two new projects wtih total value of Bt2bn. (Khao Hoon, 10/06/16)
Comment: Ah see above…
DRT accepts that 2Q16 earnings will decrease from 1Q16 due to low season and demand. However, it maintains its 2016 target of revenue growth of 5%, supported by growing exports to CLMV+1. It expects to increase the export portion to 18%. It has budgeted Bt100mn to renovate machines. (Khao Hoon, 10/06/16)
Comment: But they have announced a sharebuyback, last time was in 2009
A targets 2016 revenue of Bt7bn compared to 2015’s Bt5.43bn thanks to large orders. It plans to launch Bt20bn projects, raising backlog from Bt2bn and covering revenue through 4Q16. It is budgeting Bt600mn to buy land for new projects. (Thun Hoon, 01/04/16)
Comment: This relatively small property developer has been on my radar ever since I met the owner years ago, they have this potentially huge project on Rajadamri that they’ve been planning to develop for years
BR expects 2016 net profit to be better than 2015’s Bt550mn. It targets revenue to grow 10-15%. It has budgeted Bt1.2bn to invest in slaughterhouse, ready-to-eat food production, and farm expansion. It expects its association plan with Indonesian investors to be concluded in 2Q16. (Khao Hoon, 01/04/16)
Comment: It does seem to be a recovery year for every food related company, chicken, pork, tuna you name it.
BTS is budgeting Bt100bn to take part in MRT bids (Yellow and Pink lines). It has budgeted Bt750mn to purchase shares from Line Biz Plus via its subsidiary (RabbitPay). It expects this to be completed by Apr 25. It expects this to support electronic and online payment. (Thun Hoon, 01/04/16)
Comment: Their expansion with Line has me incredibly excited. If they play their cards right they could become the first major online payment platform in Thailand
EFORL targets 2016 revenue of Bt5bn with net profit margin of 10%. It expects this to be mainly driven by being a distributor of medical instruments and apparatus and health and beauty business. It is budgeting Bt100mn to open 20 more Wutthisak clinics in Thailand. It plans to expand to CLMV. (Khao Hoon, 01/04/16)
Comment: No Snail Farm comment this time?
Notable Transactions – a relatively quiet week in terms of management transactions
Buy(s) THB 77mn
- A – It’s always been the case that the SEC hasn’t shown Areeya’s directors name that has bought/sold shares, a glitch? Still its a been one steady performer over the years despite the fact that it doesn’t have the numbers to back it.
Sell(s) THB 71 mn
- NDR – Didn’t these guys just IPO and already there’s a block sale done by the MD
Buy(s) THB 570 mn
- SAMART – A swap of shares amongst the major shareholders
- BA – And he continues to buy shares in BA
- A – Rather strange that there is no name listed, but Areeya looks like they have some major projects on hand
Sell(s) THB 485 mn
- SAMART – See above
- BSM – I’ve always liked BSM’s business but never liked their valuation
Buy(s) THB 280 mn
- RS – RS has the combination of the world cup this year and Digital TV being implemented.
- CPF – In recent history there has been negative news every 3 months with this co
- EVER – No idea what is going on with this property company
- A – Have a look @ their share price, its somehow achieved 5x return despite profitability remaining the same
Sell(s) THB 1.7 bn
- BTS – Huge sale by the owner..THB 830 mn
- MACO – All related to the share sale to VGI
- MFEC – Chairman + CEO sell their stakes..who bought them?
- SAT – Random Thought: If its harder to get a driver’s license will car sales plummet?
- AIT – Said this over and over again on AIT, doubled equity, but no doubling of profits.
- ACAP – Well post a 1x increase in shareprice the chairman sells some shares, not too surprising, the mkt cap was @ THB 700mn mkt cap w/ THB 400 mn net cash on the balance sheet before.
- DCC – Does he not believe in the consumer revival story that every broker is now toting?
- BGH – Well it’s becoming quite normal to see him sell shares these days.