Tag Archives: BLA

Stocks in the news (ask, bla, demco, egco, gfpt, gold, gunkul, kce, nep, ptsc, ratch, sawad, siri, spa, susco, tu, thcom, wha) 10.08.16

ASK
ASK expects revenue and loan growth of not less than 15% on seasonality. It plans to issue a debenture to replace the old one of Bt7.3bn that is expiring. (Thun Hoon, 10/08/16)
Comment: It’s more likely that the continued improvement will come from decreased financing costs
 
BLA
BLA reported 2Q16 net profit of Bt9.3bn thanks to reversal of provisions. It will pay a dividend of Bt0.32/share, XD on Aug 25. (Khao Hoon, 10/08/16)
Comment: Despite the short term respite it’s still going to be tough for insurance co’s to make $ on their investment portfolio’s given these low yields
 
DEMCO
DEMCO says its 60MW wind power at Khao Kor commenced operations. It expects this to contribute Bt40mn income in 2017. It expects 2016 revenue to grow 10-15%. Its backlog is Bt7bn, of which it expects to book Bt6bn this year. It plans to take part in Bt10bn in bids. (Thun Hoon, 10/08/16)
Comment: The issue surrounding Demco is still because of the loss of production payments 
 
EGCO
EGCO reported 2Q16 net profit of Bt2.04bn (+46%). This brought 1H16 net profit to Bt4.63bn (+58%). ( Khao Hoon, 10/08/16)
GFPT
GFPT reported 2Q16 net profit of BT380.79mn (+90%) backed by lower feed costs and growth in GFN and McKey. It expects 2H16 earnings to be good on seasonality. It expects exports to reach 6,500ton/quarter. It expects 2016 gross profit to grow 14%. (Thun Hoon, 10/08/16)
Comment: Every chicken/pork company has had a wonderful 2Q and it looks like chicken prices are continuing to increase into the 2H16
 
GOLD
GOLD reported 2Q16 net profit of Bt359.38mn, which brought 1H16 net profit to Bt560.77mn driven by large transfers from property stimulus measures. It expects 2016 revenue to reach its target of Bt10bn. (Khao Hoon, 10/08/16)

Continue reading Stocks in the news (ask, bla, demco, egco, gfpt, gold, gunkul, kce, nep, ptsc, ratch, sawad, siri, spa, susco, tu, thcom, wha) 10.08.16

The Thai SEC are growing some sharp teeth

On the back of the sensational news that executives from CPALL were caught with their hands in the cookie jar for front running the public by buying MAKRO shares before the takeover announcement, the SEC has continued on its crusade to clean the SET further.
The latest fines are now to
  • WHA – The founder
    •  Somyos Anantaprayoon, current chairman of WHA Corporation Plc, was fined 500,000 baht for telling two newspapers — published on Oct 27, 2014 — that the company was in talks to acquire a listed company worth 50 billion baht, though such information had not yet been made public.
  • BKI – The Chairman
    • The SEC said that Mr Chai, as director and chief executive at the time, had revealed that BKI would give two stock dividends for every five shares held by shareholders on top of cash dividend payments for the company’s 2013 financial operations to those who bought BKI’s shares from Feb 24 to 25, 2014 ahead of public disclosure on Feb 28 of the same year.
  • GLOBAL – The founders
    • The SEC also fined Witoon Suriyawanakul, chairman of the management committee and director of Siam Global House (Global), and three other shareholders a combined 25.3 million baht for insider trading. The SEC’s investigation found that Mr Witoon bought 8.02 million shares and 3.5 million units of warrants of Global from June 29 to Aug 23, 2012 using accounts of people who have a relationship with him in order to take advantage of inside information regarding SCG Distribution’s planned acquisition of Global. The other three shareholders were viewed as accomplices.
  • AMC – An investor
Granted, WHA’s and BKI’s indiscretions were due to speaking publicly about company events and not front running the public – some may say that this isn’t a serious offence, but in the spirit & letter of the law it definitely is as not everyone was privvy to the same information at the same time.
I’m quite curious to see what else the current head of the SEC, K. Rapee, will announce in the coming months
Source: Bangkok Post

Stocks in the news (bla, dcc, epg, fire, lph, mill, ori, pae, polar, sta, tfg, tmi, tvt) 08.10.15

BLA
BLA’s long-term outlook is bright as the firm is changing business strategy to sell more highvalue products like collectors’ insurance, which will boost gross profit in the future. Insurance premiums in the month of July also showed positive signs, up 173% from the previous month. (Than Hoon, 08/10/15)
DCC
DCC expects record profit in 2015 while 3Q15 earnings are expected to grow by 16% YoY due to selling more high-yield products as well as cost control. (Khao Hoon, 08/10/15)
Comment: That is impressive, a couple of reasons for it 1) lower costs 2) high GPM’s on products 3) Is upcountry really buying that much more? 
EPG
EPG’s management feels confident about FY2H15 outlook (October 2015-March 2016) owing to seasonality and the weakening baht. The firm also maintains positive revenue guidance at Bt9bn for FY 2016. (Than Hoon, 08/10/15)
Comment: It’s quite the interesting niche company with a massive global footprint. 
FIRE
FIRE has decreased its target revenue growth in 2015 from 15% to 10%. It plans to expand abroad and expects to open an office in Cambodia next year. It expects revenue growth in 2016 at no less than 15%. (Kao Hoon, 08/10/15)

Continue reading Stocks in the news (bla, dcc, epg, fire, lph, mill, ori, pae, polar, sta, tfg, tmi, tvt) 08.10.15

Stocks in the news (beauty, big, bla, forth, ktb, ndr, paf, pttep, rojna, samtel, siam, slp, solar, sta, stpi, top, tvo, vgi) 17.07.15

BEAUTY
BEAUTY expects 2015 revenue to grow 20% backed by SSS growth, new outlets, and new products. 2Q15 revenue is expected to achieve target. (Khao Hoon, 17/07/15)
Comment: Given that they say Chinese travelers are one of their biggest customer segments, with the continued increase in Chinese tourists to Thailand, would this continue to have a positive effect for BEAUTY?

BIG
BIG plans to hold marketing campaigns for Big Camera, Big Pro days and Photo Fair as appropriate for the season. It is confident 2015 revenue will hit its target of 10%. (Khao Hoon, 17/07/15)

BLA
BLA expects 2Q15 earnings of Bt1bn (+500%YoY). Management says 2015 earnings will be good as it focuses on long-term insurance. (Khao Hoon, 17/07/15)
Comment: That’s quite the turnaround for BLA.

FORTH
Board okays a JV with Bt100mn registered capital (Bt52mn from FORTH). The objective of this JV is to invest in online top-up business. (Khao Hoon, 17/07/15)
Comment: Always liked forth but only because of (below) its stake in FSMART

Continue reading Stocks in the news (beauty, big, bla, forth, ktb, ndr, paf, pttep, rojna, samtel, siam, slp, solar, sta, stpi, top, tvo, vgi) 17.07.15

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 (abc, bcp, beauty, bla, cho, ck, css, epco, irpc, ldc, mpg, pca, psl, pttgc, rcl, siri, star, thcom, trubb, tsr, wiik) 26.05.15

ABC
ABC expects to report net profit in 3Q15 after a loss of Bt32mn, with revenue of Bt3bn. It plans to expand to E-commerce by launching an application with a credit card point redemption campaign. (Khao Hoon, 26/05/15)
Comment: I still have extreme doubts on ABC’s business, perhaps they’ll allow us to redeem credit card points to purchase the property projects they are also planning on doing?

BCP
BCP expects to book inventory gain in 2Q15 with 2015 EBITDA of Bt10.4bn. The company has scheduled a meeting with shareholders about selecting board members from the Vayupak Fund and SSO. (Khao Hoon, 26/05/15)

BEAUTY
2Q15 earnings to be better than 1Q14’s Bt308mn backed by increasing orders that will raise revenue to Bt1.7bn. Management says the company plans to expand into Indonesia. (Thun Hoon, 26/05/15)
Comment: Indonesia…not the easiest market in the world for beauty products. But retail punters love to hear this!

BLA
Management expects 2Q15 earnings of Bt16bn, third in the insurance business. (Khao Hoon, 26/05/15)

Continue reading Stocks in the news (abc, bcp, beauty, bla, cho, ck, css, epco, irpc, ldc, mpg, pca, psl, pttgc, rcl, siri, star, thcom, trubb, tsr, wiik) 26.05.15

Management Trades – Dec ’14

Given the way December ’14 performed I thought it would be more interesting to present all the transactions that occurred during the month.

Notable Transactions

Buy(s) THB 6bn

  • AAV, RS, CENTEL, BA, LIVE, M-CHAI, NBC, BA, STA, CPF, MC, EARTH, BBL, BLA, EARTH, AKR, PACE, TH

Sell(s) THB 10 bn

  • RS, AAV, CGD, AP, NYT, SCC, TUF, KIAT, ABC, NMG, JMART, GRAMMY, ITD, BSM, CEN

december14 trades