AIT sets 2016 revenue target growth at 10% from Bt5.1bn in 2015 supported by its backlog of more than Bt3bn and government projects. It plans to start a data center project within 2Q16. (Kao Hoon, 25/03/16)
APCO sets 2016 sales target at Bt450 or growth of at least 10% and maintain gross margin at no less than 85%. It will focus on the domestic market. In 1Q16 it had a good response and Direct Service is ready to send Operation BIM to drugstores. It plans to pay a dividend of 100% of net profit. (Thun Hoon, 25/03/16)
Comment: We said back in 2014 that this company was trading at ridiculous valuations and even though the price is off by some 40%, I still think it’s incredibly expensive.
AS sets 2016 revenue target growth at 30%, supported by launch of 24 new games and adding games on mobile to reach 30% of all revenue. It expects 2016 earnings will turn around. (Thun Hoon, 25/03/16)
Comment: I do wonder if they can actually do it…we’ve been waiting for a number of years and perhaps its finally time.
BJC is leading the pack. After it acquires BIGC it will be the biggest retailer in ASEAN. It targets 2016 revenue growth at 10% supported by sales from abroad. It has budgeted Bt4.5bn to expand capacity both inside and outside Thailand. It is confident that its tender offer will proceed as planned. (Thun Hoon, 25/03/16)
Comment: They own retail in Thailand, they have metro in Vietnam, so I fully expect to see expansions into Laos and Cambodia.
AIT is talking to A prospective partner to provide data center service. It expects this to need Bt400mn capital investment. It plans to ask board approval in April. It plans to take part in Bt10bn public bids, of which it expects to get 40-50%. (Khao Hoon, 25/02/16)
Comment: They’ve come out saying a few times that they want to diversify away from being a project based company, and if the government is really adamant on these data centers then it just sounds like another great cash flow for those that are able to win these contracts
ECF reported 2015 net profit of Bt75mn. It will pay a dividend of Bt0.05/share, XD on April 19. It targets 2016 revenue of Bt1.5bn. (Khao Hoon, 25/02/16)
FPI targets 2016 revenue growth of 10% as the auto sector bottoms out. Its backlog is Bt600mn. It expects Bt300mn to be booked this year. It is talking to a partner to expand to India. (Khao Hoon, 25/02/16)
Comment: Haven’t they said that the deal in India was already completed?
GFPT targets 2016 revenue to reach Bt16-18bn thanks to broiler price recovery and lower cost. (Thun Hoon, 25/02/16)
Comment: Well they have benefited from lower raw mat costs, the only question here is will the domestic price of chicken increase?
GLOW’s board approved investing in Vietnam and Malaysia. Its 2015 net profit is Bt8.35bn. It will pay a dividend of Bt4.36/share, XD on April 29, PD on May 26. (Khao Hoon, 25/02/16)
Comment: Don’t be surprised to see GLOW continually offering special dividends every year
Asset Bright is expanding its business. It is preparing to open “ABC Pet World”, the biggest pet shopping center in Thailand, hopefully in 3Q16. It sees the pet market as valuated at Bt20bn with annual growth of 10-15%. (Khao Hoon, 18/2/16)
Comment: Perhaps instead of me mocking ABC continuously I should be supportive of these entrepreneurial projects that the company is undertaking from solar, to condominiums, to hotels, to internet services and now a Pet world…
AIT reported net profit of Bt532.5mn in 2015. The decrease in net profit is due to customers delaying their investment in IT. The board has approved a dividend of Bt1.5 on 2H15. It targets revenue growth of 10% supported by ICT industry recovery. (Khao Hoon, 18/2/16)
Comment: The whole industry suffered last year, mainly b/c of the lack of action by the government.
BSM negotiating with partner to invest in a new big project. The progress in the JV with a partner in Australia will be clear in 2Q16. It expects revenue in 2016 of Bt700mn supported by exports. (Thun Hoon, 18/2/16)
Comment: I have always liked this company but never cared for its valuation…
DRT sets revenue target at Bt4.2bn or growth of 5% in 2016 supported by exports. It plans to increase revenue in CLMV+I. The company plans to sell its products to property developers in Myanmar and Cambodia. (Khao Hoon, 18/2/16)
Comment: I still have doubts on their ability to grow, a value trap potentially if one isn’t careful..
AIT reported 3Q15 net profit of Bt148.84mn (+69.17%). Its 9-month net profit is Bt416.68mn. It expects to finish projects to reach target. (Thun Hoon, 16/11/15)
Comment: Astounding numbers from AIT, although given that Thailand’s government spending in this sector has been a bit slow last year it isn’t a surprise to see a decent recovery
AZAY reported 9-month performance of 7% growth YoY. It expects to use digital system to increase sale efficiency. (Khao Hoon, 16/11/15)
BSM reported 3Q15 net profit of Bt7mn (+20%) YoY after an increase in sales. (Thun Hoon, 16/11/15)
Comment: I’ve always liked this company but never found the valuation to be attractive…
CHO is likely to not get its main expected NGV bus project since the project is expected to be canceled. (Khao Hoon, 16/11/15)
Comment: Quite the surprise for the CEO, he seemed rather adamant that he was going to be able to successfully win.
Names today: AIT, ILINK, BKD, CHOW, DELTA, DEMCO, EASTW, EPCO, FORTH, LIT, MCS, QH, SAMCO, SUSCO
AIT cooperating with ILINK to invest in a data center. It has got a Bt600mn job which is expected to start up in 2016. It expects this to boost performance next year. It expects 2015 revenue of Bt5.2bn with Bt3.2bn work on hand. (Thun Hoon, 22/10/15)
Comment: Quite clever that these two firms are going to work together with the data center’s.
BKD expects 2016 revenue to be good on the back of Bt2.7bn backlog. It expects 2015 revenue of Bt1.3bn. (Khao Hoon, 22/10/15)
CHOW expects 2016 net profit of Bt350mn. It plans to list its subsidiary soon. 3Q15 performance is expected to grow from 2Q15 because of numerous orders and revenue contribution from solar farm in Japan. (Thun Hoon, 22/10/15)
Comment: The expansion to Japan is will begin full contribution next year, and I am curious to see how the Thai firms GUNKUL and CHOW deal with the currency fluctuation.
Hong Kong investors are interested in DELTA shares because of its strong fundamentals and good financial status. It expects this deal to be finalized soon. It expects 2015 revenue to grow 5-10% from 2014’s Bt45bn backed by high demand and the weaker bath. (Thun Hoon, 22/10/15)
AIS pushes for joint venture with TOT, Mobile leader wants to rent telecom towers – Mobile leader Advanced Info Service Plc (AIS) has submitted a joint-venture proposal to TOT Plc to operate telecom tower sites after its mutual second-generation (2G) mobile concession expires next month. (Bangkok Post, 10/8/15)
Comment: Well they need it given the expiration of its concessions and in the case that 4G may (or not) be postponed
2Q15 earnings dropped 13%QoQ and 56%YoY hit by decreasing backlog and inefficient cost control. It plans to pay an interim dividend of Bt0.55/share. (ASTV, 10/08/15)
Comment: AIT – once a darling, it’s being hurt along with anyone else that relies upon government projects for their revenues, but it doesn’t change the fact that once the government becomes operational AIT will be a major beneficiary given the continued investment in IT by Thailand.
BEAUTY expects 2Q15 earnings of Bt61mn. Its CEO says 2015 revenue will achieve 20% target growth backed by high demand locally and overseas. (Thun Hoon, 10/08/15)
CSS’ board has approved an interim dividend of Bt0.1/share, XD on Aug 21, PD on Sep 7. It reported 2Q15 earnings of Bt68mn (+44.92%YoY). 1H15 net profit was Bt131mn (96% growth). (Khao Hoon, 10/08/15)