Tag Archives: ap

Stocks in the news (abc, anan, ap, asn, fn, hydro, jas, kbs, nch, pimo, spa, tacc, thai, vng, wice, xo) 26.09.16

ABC
ABC had presales of 30% or more than 10 units in ABOVE Sukhumvit 39 project worth Bt2.5bn. It expects presales to reach 70-80% this year and revenue to reach target of Bt2bn. It expects to turn to a profit and write off retained loss of Bt159mn this year. (Kao Hoon, 26/09/16)
Comment: Not really amazing numbers from this rather odd company
 
ANAN
ANAN expects good revenue in 2H16, supported by five new condos ready to be transferred with a total value of Bt14bn. It has backlog of Bt38.5bn and expects to book Bt11bn in 2H16. (Kao Hoon, 26/09/16)
Comment: If thats the case then 2016 revenues will be THB 16 bn, an increase from THB 11 bn in 2015. 
 
AP
AP expects 2H16 revenue to grow supported by backlog of Bt15.78bn. It will book Bt10.56bn over the rest of the year. This will lift revenue to its target of Bt23.7bn with presales of Bt31bn. (Kao Hoon, 26/09/16)
Comment: Similar to ANAN above, growing via JV’s with Japanese partners.
 
ASN
ASN expects 4Q16 to be peak due to high season and starting an online business in October. It expects 2016 revenue growth of 20-25% from Bt900mn in 2015. ( Thun Hoon, 26/09/16)
FN
FN plans an IPO of 250mn shares at par Bt0.50. It expects to add four branches at a cost of Bt500mn. (T hun Hoon, 26/09/16)
HYDRO
HYDRO expects to turn around next year as it has gotten a new job with a margin of at least 10%. It plans to bid for 44 new projects worth Bt6bn and has already gotten five. It has backlog of Bt690mn and is confident that 2016 revenue will grow 10% from last year. (Thun Hoon, 26/09/16)
Comment: Ah this lovely story, water company, should’ve been a winner but they haven’t executed anything since going public.

Continue reading Stocks in the news (abc, anan, ap, asn, fn, hydro, jas, kbs, nch, pimo, spa, tacc, thai, vng, wice, xo) 26.09.16

Stocks in the news (ap, ckp, delta, ksl, mc, mjd, pm, prin, q-con, rjh, spa, tcmc, tpipl, trt, tu, wha) 22.09.16

AP
AP is confident that low-rise project revenue and presales will hit target. It reports revenue from low-rise of Bt6.14bn in 1H16 and will realize Bt5.68bn in 2H16. (Thun Hoon, 22/09/16)
CKP
CKP expects profit of Bt300mn in 2H16 supported by more capacity from Nam Ngum 2. (Kao Hoon, 22/09/16)
Comment: Now would they consider flipping this into an infra REIT? Are the rules there by the SEC for this happen?
 
DELTA
DELTA has received more orders, which will support 2H16 earnings. It maintains its target revenue growth of 10% from last year backed by customer expansion. It has budgeted Bt1.12bn to set up a production base and R&D facility in India. (Thun Hoon, 22/09/16)
KSL
KSL expects 4Q16 earnings to be good supported by a surge in sugar price and the rise from bottom for its ethanol business. It plans to bid for a biomass power plant contract. (Thun Hoon, 22/09/16)
Comment: The only thing driven these names are the sugar prices
 
MC
MC expects 2H16 revenue to be good supported by campaigns and high season. It is confident that 2016 revenue will grow 15%. It has a plan to add 1 branch in Laos. (Kao Hoon, 22/09/16)
Comment: I still think that they have one of the worst inventory days turnover that I’ve seen amongst nearly every retailer in the region.

Continue reading Stocks in the news (ap, ckp, delta, ksl, mc, mjd, pm, prin, q-con, rjh, spa, tcmc, tpipl, trt, tu, wha) 22.09.16

Stocks in the news (ap, bem, bjc, genco, j, mill, mono, pimo, rojna, tvd) 31.08.16

AP

AP expects to open 12 new projects in 2H16 in total worth Bt25.58bn. This will support 2016 presales to hit its target of Bt31bn. Presales are at Bt14.07bn with backlog of Bt17.06bn, of which it will book Bt8.7bn this year. It is confident that revenue will reach target of Bt23.7bn. (Kao Hoon, 31/08/16)

Comment: One of the few property developers that may show growth next year, some analysts are writing +30% in EPS

 

BEM

BEM expects 4Q16 to be good, supported by more than Bt3.6bn in revenue from Sriratch expressway and Purple Line, with 2016 revenue of Bt13.1bn. It expects profit growth of no less than 9%. It expects no effect from the fare reduction for the Purple Line as it is offset by a steady increase in passenger volume. (Thun Hoon, 31/08/16)

BJC

BJC cut its 2016 revenue target growth to 7-9% in response to lower sales. However, it expects profit to increase from a change in is sales strategy . (Kao Hoon, 31/08/16)

Comment: Metro in VN looks exactly like MAKRO, regardless the story for BJC is all around BIGC

 

GENCO

GENCO has set up 2 subsidiaries to prepare to build a 9.9MW power plant. (Kao Hoon, 31/08/16)

J

J expects 2H16 continue to grow supported by booking more revenue. It targets 2016 revenue growth of 30%. It has budgeted Bt1bn to develop projects at Srinakarin worth more than Bt600mn and land acquisition which expects to open at the end of the year. It plans to set up an REIT worth Bt500mn next year. (Kao Hoon, 31/08/16)

Continue reading Stocks in the news (ap, bem, bjc, genco, j, mill, mono, pimo, rojna, tvd) 31.08.16

Stocks in the news (aav, amata, amatav, ap, bem, big, bkd, bts, cmo, cpi, cwt, gold, itel, ktis, pttgc, rjh, samco, solar, spa, tacc, ureka) 23.08.16

AAV
AAV’s load factor was a high 85% in 1H16. Fares are also rising and jet fuel prices falling. It plans to open new routes in 2H16. It wants to cooperate with AOT to develop Don Mueang Phase 3 which will increase capacity to 40mn/year from 30mn/year. (Thun Hoon, 23/08/16)
Comment: I do wonder if they can get their own terminal like in KL
 
AMATA
AMATA target 2016 revenue growth of 5% and the sale of 1,000 rai of land. It is studying an investment in an industrial estate in Myanmar, with some decision expected by the end of the year. (Kao Hoon, 23/08/16)
AMATAV
AMATAV expects 2016 revenue to reach Bt1.4bn due to sale of land and good facilities rental and services business. It will book revenue from the sale of 193.75 rai at end-2016. (Kao Hoon, 23/08/16)
Comment: They are up against a rather big player in KBC (vietnamese co) and given that this is AMATA, I doubt they’ll be as good as they should be.
 
AP
AP is confident presales will achieve target of Bt31bn. It plans to launch three projects worth Bt16bn to stimulate sales in 2H16. It expects revenue of Bt23.7bn and has backlog of Bt12.8bn. (Thun Hoon, 23/08/16)
BEM
official opening of Sriratch expressway, Bangkok outer ring road. BEM expects 97,000 vehicles per day in the first year. It expects average revenue in Sep-Dec 2016 of Bt145mn per month and 2017 revenue of Bt1.8bn . (Kao Hoon, 23/08/16)
BIG
BIG plans two big events in 2H16 to support sales. It is confident that 2016 revenue will grow more than 20%. It plans to add 4-5 Wonder Photo Shop branches this year. (Kao Hoon, 23/08/16)
Comment: A quick walk past their shop during the week shows that their Photo Shops are bustling with business. 

Continue reading Stocks in the news (aav, amata, amatav, ap, bem, big, bkd, bts, cmo, cpi, cwt, gold, itel, ktis, pttgc, rjh, samco, solar, spa, tacc, ureka) 23.08.16

Stocks in the news (ap, big, egco, maco, ocean, phol, ptt, qtc, sutha, top, tvt, vih, wice) 22.07.16

AP
AP expects 2H16 earnings to be good supported by first time booking revenue from JV with Japanese partner. It expects revenue from the JV to increase in 2017. It plans to launch 13 new projects worth Bt25bn in 2H16, which will help it meet its presales target of Bt31bn. (Thun Hoon, 22/07/16)
BIG
BIG expects 2H16 to be outstanding due to high season and two big fairs. It plans to add four branches by the end of 2016. (Thun Hoon, 22/07/16)
Comment: This has been a learning lesson for us, let the market take this company up despite that fact that you can run any DCF even with high growth #’s and not attain the valuation that it’s trading at today. PEG Ratios…gotta love ’em…
 
EGCO
EGCO has booked more revenue from new tariff for the geothermal power plant in Indonesia which has capacity of 227MW. It has set a 2016 investment budget of Bt22bn to acquire power plants. (Thun Hoon, 22/07/16)
MACO
MACO expects 2H16 to be better than first half supported by new mass transit lines and high season. It is confident that 2016 revenue will grow more than 15%. (Thun Hoon, 22/07/16)
OCEAN
OCEAN expects 2016 revenue to grow and turn to profit. It will focus on expanding its business abroad. It expects cost to decrease more than 50% in 2017 after opening its own showroom and installing solar panels. (Khao Hoon, 22/07/16)
Comment: What is this water company doing with solar panels? Solar powered water showers? 

Continue reading Stocks in the news (ap, big, egco, maco, ocean, phol, ptt, qtc, sutha, top, tvt, vih, wice) 22.07.16

Stocks in the news (ap, big, cgd, cmo, com7, dna, earth, dna, earth, earth, gold, kool, ktb, samco, synex, tfg, tsr) 05.07.16

AP
AP expects 2Q16 earnings to continue to grow, supported by its transfers. It expects 2016 revenue will hit target at Bt23.7bn supported by backlog of Bt12.9bn and the launch of 13 new projects. (Thun Hoon, 05/07/16)
BIG
BIG has opened its “WONDER PHOTO SHOP”, its first outlet for printing photos from smartphones. This has received good response. It expects 2016 revenue growth of 15%. It expects the camera market to continue to grow in 2H16. (Kao Hoon, 05/07/16)
Comment: Knowing how the consumer market works here, this may be incredibly popular for 12-18 months and then die off
 
CGD
CGD bought a school in UK for Bt848mn. It expects to book revenue of £600bn in 2H16. (Kao Hoon, 05/07/16)
CMO
CMO unveils new business strategy – CMO is marking its 30th anniversary by focusing more on tourism and its entertainment-and lifestyle-related business on top of its core eventmanagement operation as it aims to achieve a revenue target of Bt2 billion within two years. (The Nation, 05/07/16)
COM7
COM7 expects 1H16 earnings to be strong supported by the launch of “iPhone SE”. It expects 2016 revenue of Bt17bn. It plans to open 100,000 numbers within one year. (Kao Hoon, 05/07/16)
Comment: And we have the iPhone 7 coming!

Continue reading Stocks in the news (ap, big, cgd, cmo, com7, dna, earth, dna, earth, earth, gold, kool, ktb, samco, synex, tfg, tsr) 05.07.16

Stocks in the news (ap, arrow, bem, cpn, eason, global, jmt, lhbank, ptt, qh, smm, trc) 23.06.16

AP
AP reports presales of Bt10.5bn for the first five months of the year. It plans to launch 13 projects in 2H16, valued at Bt25.3bn. It targets 2016 presales of Bt31bn with revenue of Bt23.7bn backed by Bt14.7bn backlog. (Khao Hoon, 23/06/16)
ARROW
ARROW expects to get 60% market share because of its strength. It is confident it has potential to handle mega projects. It expects to get large orders from MRT, Suvarnabhumi Phase 2, moving cable to underground, motorway, and private projects. It expects 2016 net profit to mark a record high of Bt300mn, up 22.1%. (Thun Hoon, 23/06/16)
Comment: Their stock price has been declining in the past few months despite the continued growth. 
 
BEM
BEM expects to open Sri Rat outer ring road by August. It expects 97,000 cars/day. It expects this to increase revenue by Bt1.7bn. (Thun Hoon, 23/06/16)
Comment: Just have to love oligopolies
 
CPN
CPN expects 2016-2017 net profit to grow 18-20% aided by opening a new shopping mall and increasing rental and occupancy rate. It expects 2016 net profit of Bt9.49bn. (Khao Hoon, 23/06/16)
Comment: And they’ll have a kicker with condominiums

Continue reading Stocks in the news (ap, arrow, bem, cpn, eason, global, jmt, lhbank, ptt, qh, smm, trc) 23.06.16

Stocks in the news (a, ap, apco, aq, chewa, drt, epco, fer, jmt, kbank, lhbank, plat, pttep, stpi, thai, tsc) 10.06.16

A
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
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
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
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
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
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

Continue reading Stocks in the news (a, ap, apco, aq, chewa, drt, epco, fer, jmt, kbank, lhbank, plat, pttep, stpi, thai, tsc) 10.06.16

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 (aav, ap, bkd, bts, jmart, ori, ptt, seafco, smt, spali, synex, tfg, tpoly, ttcl, tvd, wha) 24.05.16

AAV
AAV expects 2Q16 earnings continue to be good supported by passenger growth and lower oil price. It plans to open four new routes. In 1Q16 earnings was over Bt1bn due to high season. (Thun Hoon, 24/5/16)
AP
AP launched two new condominiums valued at Bt3.64bn. Presales will be held on June 4-5. It targets presales of Bt1.5bn. More than 3,000 customers have registered. (Kao Hoon, 24/5/16)
BKD
BKD is confident that 2Q16 earnings will continue to grow. It expects to increase its target revenue growth from 20% in 2H16. It has backlog of Bt1.57bn and will book 76% this year. It will bid for new jobs valued at more than Bt3bn and expects to 40-50% of its bids. (Kao Hoon, 24/5/16)
BTS
BTS Group buys 46 trains for Bt11bn. BTSC has signed a contract to buy 46 new trains worth 11 billion baht from Siemens AG and CRRC Changchun Railway Vehicles. The contract provides 46 trains from the two firms, with four cars per train, to be used for the Green Line extension. The money will come from cash flow and loans. It plans to big for the upcoming Pink and Orange lines in the form of public-private partnership. It has a healthy financial position with Bt12bn worth of cash on hand and a low D/E of 0.28, management said.
Comment: Good luck trying to understand their balance sheet, it looks a bit like an investment company versus a pure transit play. 
JMART
JMART expects 2Q16 earnings to grow as consumer purchasing power recovers. It is confident that 2016 revenue and profit will grow, supported by 3G and 4G. (Kao Hoon, 24/5/16)
Comment: Given how poor the phone industry has been they’ve done an ok job but still don’t believe in the turnaround in the market.

Continue reading Stocks in the news (aav, ap, bkd, bts, jmart, ori, ptt, seafco, smt, spali, synex, tfg, tpoly, ttcl, tvd, wha) 24.05.16