BANPU expects 3Q16 net profit to be better than 2Q16’s Bt281mn thanks to higher coal price. It plans to invest in solar rooftop by negotiating with IEs, department stores and residences. (Thun Hoon, 12/09/16)
BRR’s board approved setting up an infrastructure fund for the power business of its two subsidiaries (Buriram Sugar and Buriram Power) with capacity of 19.8MW. It expects to use the funds to invest in new plants in Buriram and Surin. (Khao Hoon, 12/09/16)
Comment: Well that is an interesting development for a company firm. I’m not sure if 20 MW is enough for an infrastructure fund though…
CM expects to complete a deal to set up a subsidiary in Myanmar by the end of this year. It plans to invest Bt700mn in a processing plant. It plans to expand to abroad. It expects 2016 revenue to be good on the back of the baht depreciation. (Thun Hoon, 12/09/16)
DCORP expects to sign an MoU with a Chinese partner this week to invest in a mega project. It plans to invest in a 320MW solar farm in the Philippines. It expects net profit this year. It will also book revenue from a new service (energy saving management for private companies). It expects 2017 performance to be good on the back of the power business. (Thun Hoon, 12/09/16)
Comment: We’ve been reading a lot about these solar farm’s in the Philippines, last we checked the grid there is far worse than Thailand so we have our doubts on several of these projects going through.
GUNKUL plans to take over 40-70MW Japanese solar farms. It also plans to submit bidding documents for a 20MW solar farm in Malaysia. It expects this to increase its total capacity to 420MW at the end of 2015. It expects its capacity to reach 1000MW within 2021. It expects 2016 revenue to grow 30% as targeted. (Thun Hoon, 12/09/16)
JMART expects 4Q16 sales to surge brought by launching iPhone7. It expects 2016 revenue to grow 30% as targeted. It expects to change to a holding company within 2017 after it reaches Bt10bn in assets. (Thun Hoon, 12/09/16)
Comment: We are more curious about their other businesses which are the key drivers versus just the phone sales. Plus when you’re up against someone like Com7 that is sweet with True or SPVI that is sweet with AIS, how can JMART continue to compete?
AGE has orders of more than 300K tons from China. It expects export portion to rise to over 20%. It plans to increase coal sales to 200K tons, with service revenue rising to Bt300mn. (Thun Hoon, 08/09/16)
ANAN expects 2H16 earnings to be better than first half supported by backlog of Bt38.5bn, of which more than Bt8.39bn will be booked in 2H16. It plans to open eight new projects with a total value of Bt19bn. It reports presales of Bt10.3bn in the first eight months of the year. (Kao Hoon, 08/09/16)
Comment: Next year is supposedly their “harvest” year as they call it.
BANPU got funds of Bt5bn from the conversion of 993mn units of BANPU-W3. It will set the rights ratio and offer price for the BPP IPO on Sep 26. (Kao Hoon, 08/09/16)
BM cuts 2016 target revenue growth to 10% from 20% in response to the economic slowdown. It is talking with a party in Myanmar to set up a factory. (Kao Hoon, 08/09/16)
CHOW expects to start commercial operations of a 5MW power plant in Japan, which will push 2016 capacity up to reach 28.5MW. It plans to invest in a solar farm in the Philippines. It expects a profit in 2016 thanks to growth in steel sales. It is confident that revenue will reach its target of Bt4bn and targets a doubling in steel sales to 140k tons. (Thun Hoon, 08/09/16)
COM7 expects 2H16 earnings to grow. It expects 4Q16 sales to be good due to high season and the launch of iPhone 7. It expects 2016 sales to be over Bt17bn. (Kao Hoon, 08/09/16)
Comment: Well it had the little pop and now along with the rest of the market it’s falling.
Group Lease strengthens ties with Sri Lankan financial group – SET-listed microfinance company Group Lease (GL) plans to collaborate further with Commercial Credit & Finance, a Sri Lankan financial group, to strengthen its microfinance businesses in Indonesia and Cambodia after GL acquired a microfinance company in Myanmar from a Commercial Credit shareholder. (The Nation, 08/09/16)
Comment: So they have Thailand, Indonesia, Laos, Cambodia, and Myanmar.
BANPU’s last day to get BPP IPO reserve. Today is the last day to buy BANPU and get rights to reserve BPP IPO and dividend of Bt0.25. The stock will be posted as “XB-XD” on September 8. (Khao Hoon, 7/9/16)
Comment: Most certainly one way of ensuring your share price stays elevated
BCP to IPO BCPG this month. It is issuing ~ 590mn IPO shares with initial price estimated at Bt9.80-10.00 per share. (Khao Hoon, 7/9/16)
HMPRO to add branches. It plans to add more branches and set up marketing campaigns and promotions to attract customers. (Thun Hoon, 7/9/16)
KBANK expects 2016 fee income to grow 5-12%, supported by investment banking deals, issuing bonds, M&A, REIT IPOs and extending loans to large corporate customers (expected growth of 4-5%) and SME (expected growth of 5-7%). (Khao Hoon, 7/9/16)
Comment: Looks there is no impact from decrease in transfer fees to KBANK
KTB expects SME recovery in 2H16, aided by government support and loans to construction companies. It targets 2016 loans of Bt25bn. (Thun Hoon, 7/9/16)
AMATA expects 2016 land sales to hit target of 1,000 rai. It has land of 1,000 rai to support investment. It is confident that total revenue will grow no less than 5% supported by its backlog of more than Bt1.3bn. (Thun Hoon, 02/09/16)
BANPU plans to COD 118MW this year, with full year capacity of more than 2000MW. Recently, it worked with twelve universities to install solar roofs. It expects 2016 revenue to reach target of Bt120bn backed by coal price recovery. (Thun Hoon, 02/09/16)
BIG expects 2H16 profit of more than Bt560mn, increasing 200% YoY, supported by introduction of a new mirrorless camera and a Big Pro Days event to raise sales. (Kao Hoon, 02/09/16)
Comment: Looking forward for next year, if they can’t expand their network then growth numbers may drop to single digits
BKD plans to book extra item of Bt400mn from sale of land in 2Q17 after the board approved the sale of 19 rai at Krungthepkritha for Bt487mn. If the company does not reinvest the money, it will use it to pay a dividend. (Kao Hoon, 02/09/16)
Comment: Well if they pay out the entire proceeds from the land sale then it would be more than a 10% special dividend
DCON expects 4Q16 to be peak supported by more orders and booking revenue from the sale of land. It is confident that 2016 revenue will be better than last year. It expects 2016 revenue of no less than Bt1.1bn. It plans to expand production lines and list a subsidiary in 2018. (Thun Hoon, 02/09/16)
EKH expects 2016 revenue and profit to be a new high. It expects revenue growth of 15% backed by more patients and expects 2H16 earnings to grow more than 1H16 due to high season. It expects 3Q16 earnings to be a new high. It plans to build a new pediatric center next year. (Kao Hoon, 02/09/16)
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)
ABC is confident that 2016 will turn around and targets 2016 revenue of Bt2bn. It plans to launch Above Sukhumvit 39 project on Sep 9 and hold a grand opening for ABC World on Dec 12. (Kao Hoon, 17/08/16)
Comment: Will this condominium be sold via their online channels with pet stores and solar panels?
AQUA reported 2Q16 profit of Bt92mn or growth of 38% YoY and 1H16 profit of Bt172mn. (Kao Hoon, 17/08/16)
ATP30 expects to get Bt500mn in projects, with finalization in August. It expects this to increase revenue by 30%. It targets 2016 revenue to grow 15% to Bt300mn supported by large orders and cost control. (Thun Hoon, 17/08/16)
BANPU has set its five year investment plan at US$557mn, with a focus on the power business. It expects net profit to return to the black this year with an EBITDA of US$500mn. It plans to implement cost control as well as improve production and logistics efficiency. It expects coal price to be better in 2H16 and for the coal business to contribute revenue of US$2.2bn. (Thun Hoon, 17/08/16)
CHOW reported significant earnings growth in 1H16 backed by recovery in the steel industry and its Japan power plant. It expects 2016 revenue to be good brought by steel business and power business, of which 80MW is being constructed. (Thun Hoon, 17/08/16)
BANPU expects to benefit from BPP because it has a 70MW solar farm in China. It expects the remaining 20MW to start up by 3Q16. (Khao Hoon, 11/07/16)
BJC has cancelled its capital increase PP of 800mn shares as investors needed more time to decide but the company had time constraints. It will do a rights offering next time around. (Khao Hoon, 11/07/16)
Comment: It’s no surprise that it failed because the RO has just done at 35, which investor would accept a PP @ 40?
BTS expects to sign the contract to operate MRT Green Line extension (North-South) by Dec 2016. It targets passenger growth of 5-6%. It expects operate the MRT Pink, Yellow, and Orange lines. It says its property business is still good, with backlog reaching Bt10.642bn. It expects this to contribute revenue till 2019. (Thun Hoon, 11/07/16)
FVC is studying investing in a new business. It expects 2H16 earnings to be good aided by Bt200mn from its medical business. It expects 2016 revenue to reach its target of Bt400-500mn. It expects net profit to be back to black this year. (Thun Hoon, 11/07/16)
IFEC expects Dhara Dhevi to exit from rehabilitation at the end of August. It expects to book extra gain from debt restructuring in 2Q16. It expects to sell land and residences. It expects to complete the purchase of solar and wind power plants in 3Q16. It targets operations of 100MW this year. (Khao Hoon, 11/07/16)
BANPU expects 2Q16 earnings to be good backed by Hong-Sa power plant. It expects its 78.5MW solar farm in China to contribute revenue in 2H16. It plans to acquire more coal mines. (Thun Hoon, 30/06/16)
Comment: I have this awful feeling in my stomach that banpu could pull a thai airways despite the #’s not justifying it.
COLOR expects 2Q16 earnings to be good backed by higher sales. It targets market share of 25% with capacity of 45,000tons/day. It expects net profit to mark a record high. (Thun Hoon, 30/06/16)
CRANE expects large orders from Suvarnabhumi phase 2 and the east-west economic corridor. It expects to show net profit in 2H16. It expects 2016 revenue to grow 10% from last year’s Bt902.16mn driven by uptrend in construction. (Thun Hoon, 30/06/16)
Comment: Well they should be busy with renting out their cranes for all these infra projects too.
NEP plans to restructure by takeovers and JVs. It is budgeting Bt60mn to buy equipment in order to increase its capacity for high-margin products. It expects net profit to get back in the black soon and will apply dividend policy of 50% payout ratio. (Thun Hoon, 30/06/16)
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 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 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 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 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)
ADVANC expects to revise down its 2016 revenue target because of paying Bt75bn for its 4G license. It will make the first payment of Bt8bn with bank guarantee in June. Its cash on hand is Bt60bn. It is budgeting Bt40bn for network expansion. It says its dividend payout ratio will still be 100%. (Khao Hoon, 13/06/16)
Comment: It appears that they still don’t have clear visibility on what the dividend payout structure will be for 2017 and onwards yet.
ARROW expects 2Q16 earnings to be better than 2Q15 because of cost control and high margin products. It targets 2016 revenue of Bt1.4bn with a record high net profit. It plans to take part in conduit project in Suvarnabhumi phase 2 in July. It has budgeted Bt60bn to invest in new plants. (Khao Hoon, 13/06/16)
Comment: They’ve continued to confound most people with their growth, if the 1Q is anything to go by then FY16 net profit could be ~300 mn, ~25% growth YoY.
BANPU expects 2016 net profit of Bt1.2bn backed by Hongsa power plant. It plans to list BANPU Power in 2H16. It expects to benefit from newly issued ordinary shares which increase its market cap. (Khao Hoon, 13/06/16)
BTS plans to take part in 5 extension lines. It targets FY2017 revenue growth of 10%. It is budgeting Bt7.6bn to buy new carriages and land. (Khao Hoon, 13/06/16)
CHG expects 2Q16 net profit to be good aided by more patients and higher revenue from acquiring Ruampat Rayong Hospital. (Thun Hoon, 13/06/16)
Comment: A smaller BDMS in the making?