Tag Archives: aot

Stocks in the news (aot, beauty, bjchi, cbg, global, itd, lh, nok, oto, sawad, spcg, tasco, tpch, tsr, tvt, uv, vpo, wha) 28.06.16

AOT
AOT expects to benefit from recovery in tourism, more passengers, and growth in flights by low-cost airlines. It targets non-aviation revenue to comprise 50% within three years. It plans to expand terminals in order to handle 6-8% passenger growth each year. (Thun Hoon, 28/06/16)
BEAUTY
BEAUTY expects 1H16 net profit of Bt169.61mn driven by large orders. It expects 2016 revenue to rise 20% from last year on high demand. (Thun Hoon, 28/06/16)
Comment: And the machine still continues..and I continue to bang my head against the wall.
 
BJCHI
BJCHI took part in a Bt6bn bid abroad. It expects this to increase its backlog from Bt4.2bn. It targets 2016revenue to grow 15% from Bt5.75bn, aided by transfers. (Thun Hoon, 28/06/16)
CBG
CBG plans to expand to Europe. It expects this to strength its brand awareness. It expects 2016 revenue to grow 15-20% driven by a larger local market. (Thun Hoon, 28/06/16)

Continue reading Stocks in the news (aot, beauty, bjchi, cbg, global, itd, lh, nok, oto, sawad, spcg, tasco, tpch, tsr, tvt, uv, vpo, wha) 28.06.16

Stocks in the news (abc, age, aot, banpu, bbl, ck, gift, kbank, kce, pap, ptg, sena, sgp, super, vng, thana, tpbi, tvo) 24.06.16

ABC
ABC targets 2016 revenue of Bt2bn. It plans to wipe out retained losses by launching Above Sukhumvit 39 in 3Q16. It plans to launch ABC Pet World in 4Q16 if its board approves on June 29. (Thun Hoon, 24/06/16)
Comment: Anybody else understand the business model of this company?
 
AGE
AGE expects to take part in 36MW PPA and expects to be a winner. Its cash on hand is Bt600mn which it believes will be enough for investment. It expects 2Q16 earnings to be good thanks to cost control. It expects 2016 revenue and net profit to grow, boosted by Bt300mn from its services business. It expects exports to comprise 50%. (Khao Hoon, 24/06/16)
Comment: It’s likely to be a JV should they win a 36 MW PPA 
 
AOT
AOT reports passengers of 81mn in the first 8 months of its fiscal year (ending Sep), up 12.43%. Flights rose 10% to 519,140. (Khao Hoon, 24/06/16)
BANPU
BANPU expects to benefit from higher coal imports in China, which rose 62.2% in May 2016 compared to May 2015. (Thun Hoon, 24/06/16)
Comment: Could this be Thai Airways part 2 in terms of stock price movement?
 
BBL
BBL targets 2016 loan growth of 3-4%. It expects 2Q16 earnings to move with the economy and government stimulus measures. (Khao Hoon, 24/06/16) BIG BIG says it has risen to a 55% market share driven by expansion. It expects the industry to recover. It expects net profit to grow 71% this year and 12% next year. (Thun Hoon, 24/06/16)

Continue reading Stocks in the news (abc, age, aot, banpu, bbl, ck, gift, kbank, kce, pap, ptg, sena, sgp, super, vng, thana, tpbi, tvo) 24.06.16

Stocks in the news (aot, bem, bjchi, centel, cwt, eforl, iec, itd, jsp, k, pace, rs, super, tfg) 16.04.16

AOT
AOT plans to put two contracts for Suvarnabhumi phase 2 up for bid in Aug. It expects to put the other contracts up for bidding this year. It plans to begin Don Muang Phase 3 as soon as possible. (Thun Hoon, 14/06/16)
BEM
BEM expects to be the operator for the MRT Blue Line extension. It also expects to get the station that will link Bang Sue-Tao Poon – the so-called missing link – after the board approved direct negotiation. It expects to ask approval from the SRT tomorrow. (Khao Hoon, 14/06/16)
Comment: Looks like there is no reason why they shouldn’t get it
 
BJCHI
BJCHI signed a Bt2.8bn contract, raising its backlog to Bt4.5bn. It expects 2016 revenue to grow 15%. (Khao Hoon, 14/06/16)
Comment: This despite oil prices down -50% from their peak, so where’s the issue for BJCHI to continue to winning projects?
 
CENTEL
CENTEL expects 2016 earnings to mark a record high. It plans to cooperate with a partner to acquire more businesses (two deals are being negotiated). It expects the food business to be good. It has budgeted Bt800mn to expand and renovate. It expects 2016 revenue of Bt20.05bn. (Thun Hoon, 14/06/16)

Continue reading Stocks in the news (aot, bem, bjchi, centel, cwt, eforl, iec, itd, jsp, k, pace, rs, super, tfg) 16.04.16

Stocks in the news (aot, ap, bsm, centel, cho, fsmart, lh, malee, pk, qtc, sci, spa, tk, tmb, ttcl) 06.06.16

AOT
AOT plans to open bidding for the APM system at Suvarnabhumi valued at Bt3bn in midJune. It expects to finish the deal in October 2016. (Khao Hoon, 06/06/16)
Comment: AOT has been very quiet recently in terms of their expansion plans.
 
AP
AP got revenue of more than Bt8.55bn, up 20%, in five months. It plans to launch new projects and campaigns. It is confident sales will reach its target of Bt31bn in 2016. (Khao Hoon, 06/06/16)
Comment: Perhaps the last sector left to run in the Thai market.
 
BSM
BSM increase capital to RO and issue warrant (BSM-W2). It expects to funding of Bt150mn for develop property. It sets 2016 revenue target to over Bt1bn. (Khao Hoon, 06/06/16)
CENTEL
CENTEL expects 2Q16 earning to be good supported by tourism tax. It sets revenue target growth 10% from Bt19.2bn from 2015 due to tourism expansion. (Thun Hoon, 6/6/16)
CHO
CHO expects to turn around. It expects 2016 profit of Bt77mn, growth of 113% from 2015, supported by backlog of Bt645mn. It plans to book Bt400mn this year. (Khao Hoon, 06/06/16)
FSMART
FSMART is confident that 2Q16 earnings will grow as it expands the Boon Term top-up machines. At the end of April, it had 75,000 machines and expects to reach 90,000 this year. It is confident that revenue from Boon Term top-up machines will be over Bt28bn. (Khao Hoon, 06/06/16)
Comment: Still a growth machine. 
 
LH
LH expects 2016 transfers to hit Bt28bn as targeted after backlog reached Bt20bn. It plans to launch 14 projects valued at Bt23.5bn. It expects this to increase its presales to Bt28bn at the end of this year. (Khao Hoon, 06/06/16)
MALEE
MALEE expects 2016 revenue growth to be higher than target at 15% aided by the baht weakening and higher sales abroad. It plans to expand to CLMV and ASEAN. It expects its associated company in the Philippines to contribute doubled revenue. (Thun Hoon, 06/06/16)
Comment: The Philippines has done far better than what most people expected. It does raise the question why couldn’t ICHI and SAPPE do the same in their international expansions.

Continue reading Stocks in the news (aot, ap, bsm, centel, cho, fsmart, lh, malee, pk, qtc, sci, spa, tk, tmb, ttcl) 06.06.16

Stocks in the news (aot, egco, epg, fn, gold, gunkul, lit, nncl, pf, preb, ps, sappe, tcc, tmill) 26.05.16

AOT
The board of directors of Airports of Thailand’s (AOT) yesterday approved the master plan for the development of Chiang Mai airport. The project will be carried out in two phases. The first, set for 2016 to 2025, is aimed at boosting the airport’s passenger capacity to serve 18 million travelers a year. In the second phase, from 2026 to 2030, the capacity will be further increased to serve 20 million passengers per year, of which 8 million will be international passengers and 12 million domestic travelers. (The Nation, 26/5/16)
Comment: And the monopoly will continue growing, interesting fact learnt last night, Thailand has ~30-40 mn visitors p.a., Spain has ~70mn. 
 
EGCO
EGCO expects to book revenue from Khanom power plant unit 4 in 3Q16 and expects to start commercial operations on June 19, 2016. The Chaiyaphum wind farm is expected to start up in late 2016. It plans to expand its business abroad, with an eye especially on the Philippines. It plans to cooperate with a partner to invest in a battery storage electrical system. (Kao Hoon, 26/5/16)
EPG
EPG expects 2017 revenue to grow to Bt10bn supported by continued growth in its overall business. Government projects will increase construction materials demand. It expects the board to approve new investment. (Thun Hoon, 26/5/16)
Comment: But the driver is still going to be the shift from metal based materials on automotives to plastic based. 
 
FN
FN sent filing to the SEC for an IPO of 250 million shares. It plans to expand its branches and renovate old branches. (Thun Hoon, 26/5/16)
GOLD
GOLD expects 2Q16 to be good supported by property tax incentives. It expects 2016 revenue will hit its target of Bt9.7bn supported by more demand. It plans to build a condo and open 12 new projects. This will increase its backlog from Bt4bn. (Thun Hoon, 26/5/16)
Comment: Their issue, just as we have already seen with PS, is that there is a certain limitation to how far a property company can grow in Thailand as Bangkok is the only real targetable market.
 
GUNKUL
GUNKUL plans to acquire a company that has a solar farm PPA. It expects to get 150MW this year. It expects more revenue in 2H16. It plans to increase its revenue target of Bt5.8bn in 3Q16. (Thun Hoon, 26/5/16)

Continue reading Stocks in the news (aot, egco, epg, fn, gold, gunkul, lit, nncl, pf, preb, ps, sappe, tcc, tmill) 26.05.16

Stocks in the news (age, aot, aqua, bm, ea, epco, ilink, irpc, ktc, mk, ptg, sc, super, tasco, thai, twz) 17.05.16

AGE
AGE reported 1Q16 profit growth of 114% YoY on total revenue of Bt940mn thanks to its cost reduction as well as a better
performance. It targets 2016 revenue growth of 10%. (Thun Hoon, 17/5/16)
Comment: It’s still far away from where they used to be pre’08
AOT
AOT reported 2FYQ16 net profit of Bt5.56bn or growth of 14% YoY. This gives profit of 1HFY16 of more than Bt10.19bn, growth of 15%, supported by 61 million passengers in six months and increases in flights to 389,272 flights. (Kao Hoon, 17/5/16)
Comment: At what point does the existing capacity of the AOT airports limit the future growth potential?
AQUA
AQUA shows 1Q16 profit of Bt79mn, up 22% YoY. Subsidiary Mantra Assets has budgeted Bt450mn to develop property and expects to realize revenue in mid-2017. (Thun Hoon, 17/5/16)
BM
BM’s first trading day. It expects a good response from investors. The company is certain that business will continue to grow due to high demand on the global market. (Thun Hoon, 17/5/16)
Comment: A steel co IPO…but regardless if its small enough it shall perform well.
EA
EA reported 1Q16 net profit of Bt710mn, increasing 22% YoY supported by its power plant business. It expects 2Q16 will be good after the startup of its 90MW solar farm in Pitsanulok. (Kao Hoon, 17/5/16)

Continue reading Stocks in the news (age, aot, aqua, bm, ea, epco, ilink, irpc, ktc, mk, ptg, sc, super, tasco, thai, twz) 17.05.16

Stocks in the news (aot, bbl, bh, big, ck, gunkul, ifec, jwd, jubile, pttep, spali, sprc, super, tfg, thcom) 29.04.16

AOT
AOT has revised up its five-year investment plan from Bt140bn to Bt170bn. It expects nonaeronautical revenue to comprise 50% within three years. (Thun Hoon, 29/04/16)
BBL
NBTC seeks more info from BBL on Jas’s failure to pay licence upfront fee – THE NATIONAL Broadcasting and Telecommunications Commission will ask for more information from BBL regarding Jas Mobile Broadband’s failure to pay the initial upfront fee for its 900MHz license by the March 21 deadline. (The Nation, 29/04/16)
Comment: As if BBL really has to say anything…the NBTC is just trying to cover their ar$es for cocking up the auction
 
BH
BH targets 2016 revenue growth of 8-10% from last year’s Bt17.9bn. It expects growth rate to be lower than 12% for 2011-2015 because of the economic slowdown. (Post Today, 29/04/16)
Comment: One interesting tidbit that I learnt was that the medical inflation in Thailand is one of the highest globally @ ~15% p.a.
 
BIG
BIG will pay a dividend of Bt0.06/share, paid on May 23. It expects 2016 revenue and net profit to be good. It plans to focus on the high-end market. It targets market share of 65% this year and 70% in 2017. (Thun Hoon, 29/04/16)
Comment: Boom! 
 
CK
CK targets 2016 backlog to hit Bt200bn from Bt83bn. It says this will cover revenue for 3-4 years. It plans to take part in Bt480bn in bids, and get 20-25% to add to backlog. It will sign a contract with a Bt21.2bn project. It targets 2016 revenue of 38-40bn. (Thun Hoon, 29/04/16)
Comment: Slight delays in this government infrastructure spending isn’t exactly a negative for the larger contractors like CK, it gives them time and the capacity to bid for more and more projects that they may have not otherwise received if everything was released at one go..

Continue reading Stocks in the news (aot, bbl, bh, big, ck, gunkul, ifec, jwd, jubile, pttep, spali, sprc, super, tfg, thcom) 29.04.16

Stocks in the news (aot, aqua, bigc, bjc, ccn, earth, ifec, ihl, maco, mtls, pttgc, qtc, singer, siri, smt, tsr, uv, xo) 26.04.16

AOT
AOT expects 2QFY16 earnings to peak backed by 197,913 flights (+9.4%) and 32.3mn passengers. It expects 389,272 flights in 1HFY16 (10.6% growth) and 61.2mn passengers. (Khao Hoon, 26/04/16)
Comment: It’s just incredible, time to start a pool on when passengers hit 100 mn
AQUA
AQUA will pay dividend of 100% of profit with Bt900mn cash on hand. It plans to list its subsidiary (TCDC) by 3Q16. (Khao Hoon, 26/04/16)
Comment: I don’t know much about this business other than it being similar to MACO, but spin off’s are typically well-received by the retail market
 
BIGC
BIGC has received the disclosure of additional information on the tender offer for the company’s securities from BJC Retail Holding Company Limited, BJC Supercenter Company Limited and Samphunsamer Company Limited, collectively the “Offerors”. (SET, 22/04/16)
CCN
CCN has backlog of Bt100mn on telecommunication projects, expects to book in this year. It expects to get more projects from Thailand post after it got Bt300mn. (Thun Hoon, 26/04/16)
EARTH
EARTH will pay a dividend of Bt0.1/share. It expects 2016 revenue to grow not less than 10% by focusing on acquiring new customers at home and abroad. (Thun Hoon, 26/04/16)

Continue reading Stocks in the news (aot, aqua, bigc, bjc, ccn, earth, ifec, ihl, maco, mtls, pttgc, qtc, singer, siri, smt, tsr, uv, xo) 26.04.16

Stocks in the news (aot, bcp, bem, bsbm, cho, dtac, fsmart, genco, gpsc, ifec, jas, lpn, mcs, rpc, scc, ticon) 07.04.16

AOT
AOT expects passenger growth of 16% to 3.98mn passengers between Apr 8–18. (Khao Hoon, 07/04/16)
BCP
BCP cuts E&P long-term investment budget of Bt3-4bn (2015-2020). It will use the funds to invest in green power plant instead. (Khao Hoon, 07/04/16)
BEM
BEM plans to start running the Purple Line and Srirat-Orr in August 2016. It plans to issue debenture of Bt48bn to restructure debt. (Thun Hoon, 07/04/16)
Comment: And now the financial restructuring begins, if you forgot the main reason for CK deciding to merge BMCL and BECL is to ensure that they can use BECL’s balance sheet to finance BMCL’s expansion
BSBM
BSBM expects 2016 revenue will grow supported by rising world steel price and government projects to support demand. It plans to launch a new product. (Thun Hoon, 07/04/16)
CHO
CHO collaborating with SAP-NETIZEN to install SAP Business Design software. It has budgeted Bt10mn for this purpose. It expects to upgrade to offer one-stop services. (Khao Hoon, 07/04/16)

Continue reading Stocks in the news (aot, bcp, bem, bsbm, cho, dtac, fsmart, genco, gpsc, ifec, jas, lpn, mcs, rpc, scc, ticon) 07.04.16

Stocks in the news (aot, big, bigc, bjc, gtb, itd, lpn, major, rojna, sena, solar, super, thana, tbbi, tsr, ttw) 24.03.16

AOT
AOT expects earnings to be better than in 2015, which had a profit of Bt18.7bn, backed by weak oil price and tourist expansion. The board approved a budget of Bt27bn for Phase 3 of Don Muang airport. It will extend the lower landing fee to two years. (Thun Hoon, 24/03/16)
Comment: Boom, get ready for more mainland tourists

BIG
BIG expects 1Q16 sales growth of no less than 10% supported by the popularity of mirrorless cameras. It is confident that earnings in 2016 will hit target. It plans to open 10 new branches. (Thun Hoon, 24/03/16)
Comment: This stock has been a tear, it does seem that the younger consumers are happily buying camera in droves, is this taking demand away from smartphones?

BIGC
BIGC budgeted Bt16bn to build strength and open new branches nationwide. It will change strategy and have seasonal campaigns to boost sales. (Thun Hoon, 24/03/16)

BJC
BJC prepares to tender for 341.99mn shares or 41.45% of BIGC at Bt250.26/share, in total worth Bt86bn. (Kao Hoon, 24/03/16)
Comment: A deal without any excitement on its last day

 

GTB
On its first day of trade GTB price closed up 57.39% at Bt1.81, above IPO price. Its CEO said that 2016 net profit will surpass last year’s Bt69mn, supported by Its backlog of more than Bt400mn. (Kao Hoon, 24/03/16)

ITD
ITD got two new jobs in total worth Bt294mn. It has backlog of Bt259bn in the first two months. It plans to sign for a new job worth Bt23.9bn. (Kao Hoon, 24/03/16)

LPN
LPN expects transfers in 1Q16 to reach Bt4bn or 100% growth supported by the completion of five projects valued at Bt10.2bn. It has backlog of Bt4-5bn to support demand before the property stimulus ends. (Kao Hoon, 24/03/16)
Comment: Every property developer should be off to a cracking start this year, the question is only will it be sustainable.

MAJOR
MAJOR expects 1Q16 revenue to grow more than 10% supported by more revenue from foreign movies. It plans to increase the number of screens to 1,000. It expects to increase revenue from foreign movies in neighboring countries to 10%. (Thun Hoon, 24/03/16)
Comment: Batman vs Superman!

ROJNA
ROJNA targets to sell 400-500 rai of land in this year on the back of planned additional investment by Japanese and Chinese clients. It expects no help from BOI approvals because of the economic slowdown. It expects its 110MW cogeneration power plant to supply electricity from mid-2017. (Khao Hoon, 24/03/16)
Comment: Perhaps one of the CHEAPEST companies out there but….is it a value trap given how laid back management are?

SENA
SENA targets 2016 revenue of Bt3.5bn. It plans to invest in 100MW solar power plants by 2018. It plans to list SENA Solar Energy soon. (Thun Hoon, 24/03/16)
Comment: Again something that the market should already know by now, but is it priced in? Do people believe in the management’s capability to expand this heavily into solar?

SOLAR
SOLAR expects to show s net profit in 1Q16 with revenue of Bt400mn. It expects 2016 net profit to return to the black with revenue not less than Bt3bn backed by 400MW solar cells capacity. It expects higher revenue aided by government projects. (Khao Hoon, 24/03/16)

SUPER
SUPER expects to benefit from extension period for supplying electricity. It expects to supply 400MW electricity by April 30. It expects to begin to supply electricity at the end of March. (Khao Hoon, 24/03/16)

THANA
THANA expects backlog of Bt100mn in 1Q16. It is confident 2016 revenue will reach Bt1bn (20% growth). It plans to launch three low-rise projects valued at Bt1.4bn. (Khao Hoon, 24/03/16)

TBBI
TBBI will trade today. It expects a good response from investors because of its strength and productivity technology. It plans to expand integrated packaging at home and abroad. It plans to double revenue within five years. It expects to become a global leader in packaging. (Thun Hoon, 24/03/16)

TSR
TSR plans to open two branches, Buriram and Mukdahan. It plans to move its branches at Phitsanulok and Hatyai. It expects 2016 revenue and net profit to mark a record high this year. (Khao Hoon, 24/03/16)
Comment: I’m starting to see their advertisement’s for their “Safe” brand on buses.

TTW
TTW plans to invest in a 40,000 cubic meter tap water plant in Myanmar in 2H16. It expects domestic tap water demand to grow 5-10%. It expects enough supply to meet demand. (Khao Hoon, 24/03/16)