AOT board approved the plan to develop Hat Yai airport. The development will cover a 2year period with a budget of Bt15.1bn. It expects to support 10mn passengers per year by 2030. (Kao Hoon, 23/09/16)
Comment: It’s quite interesting that nothing is ever really spoken about the development of Southern Thailand. If you look at the numbers, Hat Yai is an important part of Thailand’s economic development.
BEAUTY is outstanding, with average profit growth of 36% per year in 2016-2017 due to more branches and distribution channels. (Kao Hoon, 23/09/16)
GEL plans to increase capacity to allow it to handle more jobs, both government and private. It targets increasing the portion of government jobs to 35% from 20% and is confident that 2016 revenue will reach its target of Bt1.8-2bn. It expects 2017 earnings to be good with revenue growth of 15-20%. It plans a JV with a partner to support business. (Thun Hoon, 23/09/16)
GFPT is confident that 3Q16 earnings will be good, supported by high season. It plans to increase capacity to handle more exports to Japan. It expects margin to reach 14% from 12% last year due to cost management and expects 2016 revenue growth of 2-3%. (Thun Hoon, 23/09/16)
Comment: Still the best chicken operator in the country. Question now is what will happen to chicken prices over the next 6-12 months?
GUNKUL targets power plant capacity of 1,000MW in Thailand with 200MW in Japan. It is the first 100% Thai company to be granted loans by large Japanese banks of JPY11.78bn to build a solar power plant with capacity of 38.1MW; COD is expected in 1Q18. (Thun Hoon, 23/09/1 6)
AOT expects 2016 profit of more than Bt19bn. It expects 4Q16 profit of Bt4.2bn, growth of 10% YoY, supported by more passengers and more flights. (Kao Hoon, 20/09/16)
Comment: There have been mumurs that if Thailand really does crack down on the zero dollar tourists from China that AOT could lose 10% of revenues
BEAUTY sets 2016-2020 revenue target growth of 20% each year supported by expanding into Asia. It expects to conclude a deal to set up a distributor in Hong Kong in 4Q16 and increase revenue from other business. It expects 2016 revenue of more than Bt2.1bn. (Kao Hoon, 20/09/16)
BSM expects 2H16 revenue and profit to grow supported by high season and signing a contract for a Bt100mn job in 4Q16. It maintains its 2016 revenue target at Bt700mn. (Kao Hoon, 20/09/16)
BWG plans an industrial waste power plant. Recently, it cooperated with EGCO to study a project to develop an industrial waste power plant. It expects to set up the first industrial power plant capacity of 9.4MW and COD within 2017. (Kao Hoon, 20/09/16)
Comment: This funny little company seems to be finding a way to make things happy
CGD gets B13bn for project. SET-listed Country Group Development Plc (CGD) has secured US$375 million (about 13 billion baht) through China Ping An Bank to continue developing luxury project Chao Phraya Estate. (Bangkok Post, 20/09/16)
Comment: Sounds like they had quite the capital crunch…
AOT opening bidding for four contracts for Suvarnabhumi Phase ll. It expects to solicit bids for two contracts this year and will sell the bidding documents in October. It expects to raise its passenger capacity to 60mn passengers per year from 45mn passengers per year now. (Thun Hoon, 13/09/16)
Comment: Having just returned from JKT on the late night flight you can see both the arrival and departure halls bustling with passengers. I would be surprised to see capacity issues hitting AOT within the next 12 months
BEAUTY expects 3Q16 earnings to be good, supported by more demand. It expects 2016 revenue to grow no less than 20% from Bt1.79bn in 2015. There is progress in talks regarding distributors in Hong Kong and Taiwan and it expects a decision in 4Q16. (Thun Hoon, 13/09/16)
CHEWA targets three-year revenue growth of 20% annually, supported by developing new projects and buying property projects that already have their EIA. It plans to launch its first lowrise project worth Bt500mn at the end of October. (Kao Hoon, 13/0 9/16)
Comment: Its an interesting smaller property developer. But as always with this business model, scalability is an issue
IVL has closed the deal for a JV with Dhunseri Petrochem Limited in India. This will lift PET capacity to 700K tons per year, making it India’s second-largest producer. (Thun Hoon, 13/09/16)
Comment: Another acquisition, he’s well on his way to catching up to Reliance, but is such a strategy necessarily good for minority equity shareholders?
NCH launches single-house project worth Bt680mn and has sold 24 units worth more than Bt78mn. (Kao Hoon, 13/09/16)
BEAUTY expects 2016 revenue and profit to be a new high due to revenue growth of more than 45% in 2H16. It is negotiating with a partner to set up distributorship in Hong Kong and Taiwan; it expects the deal to be concluded in 4Q16. It expects revenue growth of no less than 20% for the next three years. (Kao Hoon, 01/09/16)
Comment: I have sat down with management and I suspect they just got lucky with the international business. Regardless its still growing and growing and growing
BKD will ask its board for approval to sell land for Bt500mn. It plans to take part in Bt1.5bn in bids. It expects 2016 revenue to grow not less than 20%. (Thun Hoon, 01/09/16)
CHEWA is confident that 2016 revenue will grow 20% from last year supported by backlog of more than Bt300mn waiting to be booked and transfers of more than Bt1.3bn. It plans to launch two projects in 2H16 valued at Bt1.94bn. (Kao Hoon, 01/09/16)
CHO expects 2016 revenue growth of more than 10% backed by backlog of Bt586mn, with Bt310mn of this booked as revenue this year. It has a new job worth Bt300mn and expects to sign the contract and book revenue this year. It has budgeted Bt800mn to expand by eight fullservice maintenance centers. (Kao Hoon, 01/09/16)
CPALL expects SSS growth to reach 3-5% brought by 7-Eleven stamp campaign and higher purchasing power from better farm income. It targets 12,000 branches within three years, with plans to open 420 stores this year. It expects a better margin from high margin products. (Thun Hoon, 01/09/16)
Comment: And just wait for the MAKRO turnaround + debt reduction
FOCUS is talking to a prospective partner in France to take over a waste management business and expects to invest in the power business. It expects 2016 earnings to be good and for revenue to be higher than last year. It expects to take part in Bt800mn bids, of which it expects to get 50%. (Thun Hoon, 01/ 09/16)
Buy(s) THB 33 mn
Sell(s) THB 2.4 bn
- MTLS – A huge sale from the owner. Does he not see a continuation of the 50% YoY growth after 2017?
- TKN – Again the major shareholders sell, looks like a block trade
- BEAUTY – See TKN
- BA – Now this is a rarity, a sell out of BA. When will they get rid of their BDMS shares?
- HMPRO – And he continues to sell
- MCS – Ohh a first sell from this wonderful steel manufacturer.
BEAUTY expects 2H16 high season to support its sales. It is confident that 2016 revenue will grow more than 20%. It plans to expand its branches in Thailand and abroad. (Kao Hoon, 24/08/16)
Comment: The odd thing is that we are seeing management sell shares in the market
BJC expands glass output capacity – BERLI JUCKER(BJC) is investing Bt2 billion in the construction of a new furnace with a production capacity of 300 tonnes of glass a day, in order to cater to rising demand for glass containers. (The Nation, 24/08/16)
Comment: Watch them dominate Thailand and Vietnam along with Central Group
BTW announced a dividend of Bt0.27/share, XD today and payment on Sep 9. It has backlog of Bt1.56bn and expects 2H16 earnings to be good. (Thun Hoon, 24/08/16)
EA plans to COD a 126MW wind power plant at Nakhon Si Thammarat at the end of 2016. This will lift capacity to 404MW, doubled from 2015. It expects 2016 earnings to be a new high. It plans to do five more projects in Chaiyaphum worth Bt20bn to increase capacity to 64MW. (Thun Hoon, 24/08/16)
GPSC expects 2016 revenue and profit to jump due to booking revenue from IRPC, Nava Nakorn power plant and more new customers. It announced a five-year plan to have capacity of 2,800MW and expects the board to approve its investment budget of Bt19bn. (Kao Hoon, 24/08/16)
ITD get a big project worth more than Bt1.28bn to bring backlog up to over Bt200bn. It expects earnings to turn to profit after it reported a net loss in 2Q16. (Thun Hoon, 24/08/16)
Comment: With the recent win @ AOT, will they have to raise capital again?
Malee Group and Mega Lifesciences will set up a 49:51 joint venture called Mega Malee Company to develop health-related natural foods and beverages for both local and international markets. Initial investment is put at Bt10 million. (The Nation, 23/08/16)
Comment: That added a little pop to both their share prices that day
AGE expects revenue from port and warehouse business of Bt100mn. It expects full-year sales to reach target of 2mn tons. It expects 2Q16 earnings to be good. It plans to expand abroad and is waiting for results of its bid for a biomass power plant in South. (Thun Hoon, 01/08/16)
AMATAV expects 2017-2018 earnings to double after booking revenue from the sale of land. It expects 1H16 earnings to be normal due to route and development problems. It has budgeted USD200mn to develop and buy land. It expects D/E ratio of not over 1:1. (Bangkok Business, 01/08/16)
Comment: They haven’t really proven to do much in Vietnam since being listed..
BEAUTY expects 2H16 earnings to double due to high season in 4Q16 and expansion of distribution. It plans to expand business to tourist attractions. It expects 2016 revenue growth to exceed target of 20%. (Thun Hoon, 01/08/16)
Comment: Well…ok…keep going BEAUTY. It’s painful to watch…
BEM got the Blue Line job and expects clarity in August. It expects 2H16 earnings to grow supported by Sri Rat expressway and the Purple Line. It plans to bid for the Yellow, Orange and Pink Lines; results are expected to be published by the end of 2016. (Thun Hoon, 01/08/16)
Comment: We did say back when the news first came out the BEM would be THE infrastructure play for Thailand. Just wait til they announce an infra fund…
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 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 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 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)
Confident in AAV’s management team — The Srivaddhanaprabha family of duty-free operator King Power has insisted it does not plan to shake up Thai AirAsia nor delist the firm that owns the majority stake in Thailand’s largest budget carrier. (Bangkok Post, 15/6/16)
Comment: Get ready to see more duty free sales on every flight!
BEAUTY plans to expand both at home and abroad. It expects to sign a contract to distribute cosmetics in Hong Kong and Taiwan this year. It expects 2016 revenue to be higher than Bt2.1bn. (Thun Hoon, 15/06/16)
Comment: It’s just impressive what they’ve done
FSMART says Boon Term Top up machines have reached 77,000. It expects this to boost its 2Q16 performance. It targets 90,000 machines at the end of this year. (Thun Hoon, 15/06/16)
GENCO expects 2016 net profit to mark a record high with good performance in all business segments. It expects more clients to bring good 2Q16 earnings. It expects to book revenue from its property business (C Space Bang Yai and B-Live condo). It plans to launch a Bt600mn project in the Ekkamai area. It plans to take over a power business. (Thun Hoon, 15/06/16)
GLOW is budgeting Bt3-5bn to invest in an SPP. It expects this to replace the old one for which the PPA will expire in 2018-2021. It plans to invest in the power business at home and abroad. It targets 5,000MW/year. (Thun Hoon, 15/06/16)
Comment: And the dividend machine continues
APCO reported profit growth 12.16% in 1Q16 supported by increased sales. It plans to expand its business nationwide. It targets revenue growth of no less than 10% in 2016. (Thun Hoon, 12/5/16)
Comment: They have yet to be able to reach the heights that everyone was expecting 2 years ago
BEAUTY reported 1Q16 net profit of Bt129mn, growth of 70%, supported by more revenue from adding branches, supporting customer demand in Thailand and abroad. (Kao Hoon, 12/5/16)
Comment: And the growth just continues and continues and continues
DNA board approved a budget of Bt4.39mn for its subsidiary “My Network” to acquire 51% of AEK stock. It plans to do an ICT business in Laos. It targets to have AEK be in the top three brands within two years. (Kao Hoon, 12/5/16)
Comment: This company seems to have the funniest dealings…
GLOBAL reported net profit of Bt451mn or growth of 108% due to increasing sales and higher gross profit. It is confident that 2016 revenue will grow no less than 10%. It plans to open 12 new branches, three in June. It plans to invest in Myanmar and Cambodia. (Kao Hoon, 12/5/16)
Comment: Rather surprising turnaround and growth in their 1Q. Is upcountry back?