Tag Archives: bch

Stocks in the news (akp, bch, bcp, biz, ivl, jas, lit, mill, oishi, ori, prin, pttgc, qlt, sawad, spali, tasco, tfg, tkn, tpch) 11.08.16

AKP
AKP reported 2Q16 net profit of Bt18.08mn, up 61.6% YoY. It expects 2H16 performance to achieve its target. (Thun Hoon, 11/08/16)
BCH
BCH expects 2H16 earnings to be good supported by a faster breakeven at WMC than expected. It plans to increase Social Security clients to 800,000. It expects 2016 revenue to grow no less than 10%. (Thun Hoon, 11/08/16)
Comment: Well WMC has been waiting to breakeven for a long time…
 
BCP
Bangchak seeks 4th revenue engine – BANGCHAK PETROLEUM is seeking a new business to perform as the “fourth engine” of the company, after the spin-off of its green-power business. (The Nation, 11/08/16)
Comment: And the spin is expected to happen within the next 6 months
 
BIZ
BIZ reported 2Q16 net profit of Bt8.1mn and total revenue of Bt106.59mn, a surge of 502.51% YoY due to realizing more revenue. (Thun Hoon, 11/08/16)
IVL
IVL reported 1H16 net profit of Bt10.84bn, increasing 95% YoY, and 2Q16 profit of Bt5.95bn supported by PET business recovery and booking extra gain of Bt2.49bn from an acquired business. (Kao Hoon, 11/08/16)
Comment: So they were able to boost their 1H16 #’s due to “extra gain” bookings from acquisitions, what magical things await in 2H16?
 

Continue reading Stocks in the news (akp, bch, bcp, biz, ivl, jas, lit, mill, oishi, ori, prin, pttgc, qlt, sawad, spali, tasco, tfg, tkn, tpch) 11.08.16

Stocks in the news (anan, bch, bm, kiat, loxley, nok, pttgc, scb, smart, spc) 07.06.16

ANAN
ANAN will hold a roadshow in Singapore. It targets 2016 revenue of Bt15.6bn thanks to high demand. It plans to launch Bt18.7bn in new projects, raising its backlog from Bt38.5bn and covering revenue through 2017. (Thun Hoon, 07/06/16)
Comment: Perhaps the hardest hit name post the draft bill re property
 
BCH
BCH expects 2Q16 earnings to be good backed by a bigger customer base and better performance than expected at WMC after it signed contracts to serve more foreign clients. It expects 2016 revenue to grow not less than 10%. It is budgeting Bt500mn to invest in a 140-bed hospital in 4Q16. (Thun Hoon, 07/06/16)
BM
BM expects to talk with prospective Japanese partners after they expressed an interest in acquiring a 20-25% stake. It is talking to three prospective partners to sell conduits in Myanmar. It expects 2Q16 to be good. It expects 2016 revenue to grow 15-20% as targeted. (Khao Hoon, 07/06/16)
KIAT
KIAT got a Bt500mn chemical product logistics project which is expected to contribute Bt100mn revenue per year. It plans to take part in Bt100mn in projects. It is interested in the power business after studying LNG investment. It expects a decision to be made in 4Q16. It expects 2H16 earnings to be good. (Khao Hoon, 07/06/16)
Comment: Still a very steady business. But not sure on this LNG investment

Continue reading Stocks in the news (anan, bch, bm, kiat, loxley, nok, pttgc, scb, smart, spc) 07.06.16

Stocks in the news (bay, bsm, cpf, demco, jas, jsp, kool, mill, pylon, ratch, sgp, super, tpch, trc, tu) 03.03.16

BAY
BAY targets loan growth of 7% mainly corporate loans in Thailand and Japan. It expects revenue from fees to grow, offsetting lower NIM. It expects NPLs in 2016 of not over 2.5% and plans to sell Bt2-3bn in NPLs. It plans to issue a debenture worth no less than Bt10bn to bring Tier 2 capital to near 2%. (Thun Hoon, 03/03/16)
Comment: Could this bank join the ranks BBL, KTB, SCB, KBANK? I wouldn’t bet against it given the new shareholder
BSM
BSM reported net profit in 2015 of Bt14.62mn, up 10%, supported by increase in domestic and export sales. It will pay a dividend of Bt0.0033/share, XD on May 9 and payment on May 25. The board approved a capital increase and warrant issue. (Thun Hoon, 03/03/16)
CPF
CPF is budgeting Bt500mn to expand its swine farm. It targets revenue of Bt30bn in 2016. (Kao Hoon, 03/03/16)
CPN
CPN will start building Central i-City Malaysia worth more than Bt8.5bn. It expects to finish in 2018. (Kao Hoon, 03/03/16)
Comment: A regional shopping mall player in the making.
DEMCO
DEMCO expects earnings in 1Q16 continue to in the red after it lost opportunity to produce electricity. (Kao Hoon, 03/03/16)
Comment: No surprises here, more curious to see how 2Q16 plays out.
JAS
JAS stock price was up even if it does not get a 4G license. Investors view the abandoning of a license as positive, as it means it will not take on a debt load of Bt100bn and thus limits losses. JAS plans to deal with AIS and TOT to push “fixed broadband”. (Kao Hoon, 03/03/16)
Comment: Well. Ok.

Continue reading Stocks in the news (bay, bsm, cpf, demco, jas, jsp, kool, mill, pylon, ratch, sgp, super, tpch, trc, tu) 03.03.16

Stocks in the news (aot, ba, bch, eforl, epg, hmpro, jas, kbs, nch, ncl, noble, ori, pf, phol, samart, spcg, syntec, takuni, tasco, ticon, tk, true, tse) 02.03.16

AOT
AOT will open Don Mueang Airport Terminal 2 on Mar 8. This terminal can handle up to 30mn passengers annually. It expects 2016 passenger growth of 26%. It expects Don Mueang and Phuket airport to contribute additional revenue of Bt1bn in 2016. (Khao Hoon, 02/03/16)
Comment: Plus you do have phuket opening as well, the growth here has just been amazing, as a friend reminded me this morning, only 2% of china’s population is currently traveling..
BA
BA expects 2016 net profit to mark a record high from 2015’s Bt1.79bn. It expects revenue to grow 10-11% from lower oil price and more passengers. It is talking to 7-8 international airlines to increase its alliances. (Khao Hoon, 02/03/16)
Comment: They are posting relatively amazing numbers versus what AAV, THAI and Nok has.
BCH
BCH reported three-year best for net profit from lower loss from WMC. It targets 2016 earnings to be good because WMC is expected to reach breakeven in 2H16. (Thun Hoon, 02/03/16)
EFORL
EFORL reported 2015 revenue growth of 211%. It will pay a dividend of Bt0.203/share. It plans to cooperate with BORSAM to be a distributor of portable electrocardiographs. It plans to launch cosmetic products carrying the Wuttisak brand. (Khao Hoon, 02/03/16)
Comment: No real surprise re the earnings growth as it’s been known for the past 2 years that Wuttisak was coming in and will be spun off.

Continue reading Stocks in the news (aot, ba, bch, eforl, epg, hmpro, jas, kbs, nch, ncl, noble, ori, pf, phol, samart, spcg, syntec, takuni, tasco, ticon, tk, true, tse) 02.03.16

Stocks in the news (bch, esso, gc, jasif, jwd, mill, mint, mk, ptg, sanko, synex, tu, twz) 03.02.16

BCH
BCH expects double digit growth in this year. It plans to expand its customer base, focusing especially on SSO and foreign clients. It expects 2016 net profit to be good as WMC breaks even in 2H16. (Thun Hoon, 03/02/16)
Comment: I think I’ve been reading about this WMC breaking even for the past….4-5 years now?

ESSO
ESSO plans to invest in high return businesses to wipe out retained losses of Bt8.35bn. It targets oil retail sales to grow 9% because of high demand as oil prices fall. It plans to launch Diesel Plus and gasohol E20 in order to raise margin. (Thun Hoon, 03/02/16)
Comment: If you look at what just happened to Shell Malaysia, it makes one a bit worried about touching any oil related names @ the moment (Shell HQ sold their 51% stake in the m’asia listed co @ a 65% discount to mkt price..)

GC
GC is talking to a prospective local partner to launch new products. It expects a decision to be made soon. It targets 2016 revenue growth of 5%, supported by large numbers of orders and a weaker baht. (Thun Hoon, 03/02/16)

JASIF
JASIF will pay 4Q15 dividend of Bt0.22/share, PD on March 2. This brings 2015 dividend to Bt0.74/share or 8.31% dividend yield. (Khao Hoon, 03/02/16)
Comment: JAS is looking forward to receiving some $

Continue reading Stocks in the news (bch, esso, gc, jasif, jwd, mill, mint, mk, ptg, sanko, synex, tu, twz) 03.02.16

Stocks in the news (bch, bdms, fsmart, kkp, ktb, ml, mtls, nch, nusa, robins, s, samart, scc, sf, sithai, smpc, super, tk, top, tpipl, tsr, vgi, vte) 04.09.15

BCH
Mid-east investor interested in BCH shares as it is a small-cap with strong fundamentals. It expects this deal to expand customers from the Middle East. (Thun Hoon, 04/09/15)
Comment: A mini BH in the making perhaps?

BDMS
BDMS reports that G. Wasupol Co Ltd has transferred its business to BDMS. It plans to add more three hospitals. (Khao Hoon, 04/09/15)
Comment: Issue for BDMS is that growth is going to look smaller b/c of its scale

FSMART
FSMART’s management accused of corruption by former shareholder. It expects this to be in the courts this month. (Khao Hoon, 04/09/15)
Comment: Then perhaps that shareholder should sue every past government in Thailand’s history as well.

KKP
KKP expects loans growth to drop because of the sluggish economy. It expects to have to make extra provisions. It targets 2015 NPLs of 6%. It does not plan to open new branches after closing 24 branches but expects to focus on service improvement. (Thun Hoon, 04/09/15)

Continue reading Stocks in the news (bch, bdms, fsmart, kkp, ktb, ml, mtls, nch, nusa, robins, s, samart, scc, sf, sithai, smpc, super, tk, top, tpipl, tsr, vgi, vte) 04.09.15

SET Semi-annual Index Changes

There’ll be the usual annual rebalancing in the SET Indices names this week, the official changes are:

SET50

Additions: BA, BMCL, CBG, ITD, SAWAD, TPIPL, WHA, THCOM

Deletions: BAY, BIGC, BJC, HEMRAJ, KTIS, SCCC, SPALI, VGI

SET 100

Additions: ASP, BA, BEAUTY, CBG, CKP, LHBANK, MONO, RS, S, SAPPE, U, UNIQ, WHA

Deletions: BAY, BCH, BIGC, BJC, IFEC, KTIS, MEGA, NOK, PTG, SCCC, SIM, STA, THREL

SETHD Index

Additions: ASP, CPF, HANA, PS

Stocks in the news (asp, bch, bts, cimb, cpf, dtac, ea, gfpt, ktb, lpn, mcot, mdx, syntec, ticon) 13.02.15

ASP
New Europe trigger fund — Asset Plus Asset Management expects a rebound in European stock markets and is launching a Europe trigger fund with an expected return of 16% over MSCI Europe Index. Its ASP-Europe Value Fund will accumulate more European stocks. (Khao Hoon, 13/2/15)
Comment: Why Thai retail investors love Trigger Funds I just don’t understand, with the high fees and a capped upside it doesn’t make sense, but as long as there is demand there will always be supply.

BCH
BCH expects 2015 earnings in to improve, driven by earnings turnaround for World Medical Center (WMC). It targets revenues growth at 10% this year and will focus more on international patient service and will sign agreement with Emirates government to refer patients to the hospital. (Kao Hoon, 13/02/15).
Comment: WMC has been a drag on BCH’s earnings for the longest time and I’ve read about a potential earnings turnaround for years…

BTS
Selected to build joint ticket system — The Office of Transport and Traffic Policy and Planning has hired BTS to build the joint ticket system with project value of Bt338mn. The joint ticket is expected to be launched early in 2016. (Khao Hoon, 13/2/15)
Comment: Finally!!!!!!!!!!!!! Ok great for the users but I wonder who will earning a % from the ticketing system, if BTS then its one incredibly valuable platform

Continue reading Stocks in the news (asp, bch, bts, cimb, cpf, dtac, ea, gfpt, ktb, lpn, mcot, mdx, syntec, ticon) 13.02.15

Stocks in the news (anan, bbl, bch, bec, chow, cnt, jas, ldc, pae, ptt, richy, rs, scc, global, svi, ticon, tmb, true, tsth, tvd) 02.09.14

ANAN
ANAN expects 3Q14 earnings to be in the black from 3Q13 net loss of Bt96mn on booking revenue from a condo. The company is launching a new project worth Bt14.5bn, pushing backlog up from Bt17.5bn and generating revenue until 2016. It expects to reach its revenue target of Bt9bn as there is overwhelming demand. (Thun Hoon, 02/11/14)
Comment: I still rank this co as stupidly cheap, and should they be able to match everything that they plan to, then wow.

BBL
BBL revives Phnom Penh bank branch – Bangkok Bank (BBL) plans to resume its banking operations in Cambodia this year to capitalise on the growth potential of the frontier market. Thailand’s largest bank by assets has already won approval to reopen its Phnom Penh branch, said executive vice-president Chairit Anuchitworawong. (Bangkok Post, 02/11/14)

BCH
BCH expects 2H14 to recover due to high season and revenue from two new clinics in 3Q14. It is confident that revenue growth will be at least 15% YoY and expects better net margin from 2013. WMC net loss is declining as more foreign clients visit. (Thun Hoon, 02/11/14)
Comment: The WMC has been BCH’s biggest burden, being a drag on its earnings for years. Although I still think its a matter of time before WMC begins to profitable, if it happens by next year I wouldn’t be surprised.

Continue reading Stocks in the news (anan, bbl, bch, bec, chow, cnt, jas, ldc, pae, ptt, richy, rs, scc, global, svi, ticon, tmb, true, tsth, tvd) 02.09.14

Stocks in the news (Aot, bch, nok, ptt, tisco) 17.04.14

AOT

New taxiway: concrete, not asphalt — The CEO of AOT said that the company plans to instead use concrete instead of asphalt for the taxiway for Suvarnabhumi airport. It believes the cost will be lower, and it will save on maintenance costs. Management admits to an ongoing problem of water damage on the asphalt surfaces. (Khao Hoon, 17/04/14)

Comment: That’s rubbish, concrete is by far more expensive than asphalt, however yes annual maintenance costs will be lower but not due to the raw material itself.

BCH

BCH: 1Q14 revenue growth above 15% YoY, despite the political situation. It expects revenues this year to hit its target growth of 15%. It will also invest Bt920mn to open one new clinic and one new hospital within this year. (Khao Hoon, 17/04/14)

Comment: The biggest issue is the WMC for BCH, once that stops losing money then it will begin to perform well.

NOK

NOK reports cabin factor in 1Q14 at 80% from 84% in 1Q13, pressured by the political situation. Management expects a better performance in 2Q14 after the government lifted the state of emergency and Songkran holiday boosted passenger traffic. It aims at a cabin factor at not-less-than 80%. (Khao Hoon, 17/04/14)

Comment: Even this political rubbish only resulted in a slightly decrease in cabin factor, won’t airlines be a good rebound play? Continue reading Stocks in the news (Aot, bch, nok, ptt, tisco) 17.04.14