Tag Archives: BLAND

Management Trades 10/07 – 15/07

Notable Transactions

Buy(s) THB 86.6 mn

  • CK – And the owner is back to buying shares
  • BLAND – K. Anant has never sold any shares for as long as I can remember
  • BDMS – A director buys more shares

Sell(s) THB 1.1 bn

  • BKD – The MD sells some 10% of total listed shares, to whom?
  • IHL – The CEO sells off ~4% of total listed shares, again to whom?
  • VNG – The family sells off shares, to our understanding these are block sales to investors

mgmt_trades

Co Visit: Impact Reit (IMPACT)

Impact Growth REIT: creating a destination for everyone

Impact Growth Real Estate Investment Trust, backed by the Impact Exhibition Center and related facilities, began trading on the SET in October 2014. Paul Kanjanapas, managing director of Impact Exhibition Management Co Ltd, the property manager of Impact Growth REIT, discusses the strategy and outlook for the fund and its assets.

Which assets are currently in the REIT?

We acquired the four freehold assets — Impact Area, Impact Challenger, Impact Exhibition Center and Impact Forum — from Impact Exhibition Management, which is owned by Bangkok Land (BLAND) on Sept 29, 2014.

Together they represent the largest exhibition and convention centre in Asean with a total gross area of 481,938 square metres and net lettable area of 165,606 sq m.

We launched the fund with 80% equity and 20% debt and its net asset value as of the end of 2015 was just over 16 billion baht. Our dividend policy is at least 90% of adjusted net profit, paid quarterly to our unit holders.

Who are the customers of the assets?

We have created something unique in Bangkok as we have the only location that can cater to virtually any type of business. At Impact Arena we have concerts, family shows, incentive events and parties, and the other three sites cater to exhibitions, both business to business and business to consumer, conferences, meetings and banquets. In the third quarter of our 2015-16 financial year, 70% of our clients were from the domestic private sector, 23% public sector and 7% international private sector; however, over 12 months the last group represented 15%.

impact

Paul: Committed to giving value to investors

 

Continue reading Co Visit: Impact Reit (IMPACT)

Management Trades – Dec ’15

Notable Transactions

Buy(s) THB 6.3 bn

-KCE, BA, TTCL, RS, SAM, SPALI, MAJOR, WHA, SCC, IFEC, BBL, DCORP, BLAND, JMART, TU, SOLAR, TVO, NSI, CBG, SUPER, NMG

Sell(s) THB 15.0 bn

-BEC, KCE, SAWD, COL, UNIQ, MAX, AP, SAM, JSP, MAJOR, SRICHA, ITD, BA, TMC, AAV

160104 mgmt_trades

Note: Transactions shown are trades above THB 20 mn

Stocks in the news (Age, auct, bland, brock, ea, gold, gunkul, irc, ivl, sccc, siri, stec, svi, tfd, twz) 25.09.15

AGE
AGE signals a turnaround in coal business, aiming to broaden customer base domestically and internationally. The company expects 3Q15 earnings to be better than Bt34mn made in 1H15, with full-year targeted at Bt100mn backed by better cost control. (Thun Hoon, 25/09/15)
Comment: In theory they should only be making a margin on the logistics of coal
AUCT
AUCT expects 2H15 earnings to be better than 1H15, with 2015F revenue growth targeted at 20%. (Khao Hoon, 25/09/15)
Comment: Perhaps one of the best asset light business models in Thailand today.
BLAND
BLAND expects 2QFY15 to be good backed by high demand for exhibition and concert. It plans to construct an outdoor ocean park at Muang Thong Thani (150-200 rai) to serve clients at its hotels. It expects hotel to be finished in 2017, capacity of 1,200-1,300 rooms. (Thun Hoon, 25/09/15)
BROCK
BROCK expects 2015 revenue to grow 10% from last year of Bt87.98mn aided by transfers. It is talking to prospective partner to invest in mega project. (Thun Hoon, 25/09/15)
EA
EA expects 3Q15 earnings to be higher than Bt2bn. It expects 2015 revenue to grow 50% from last year backed by solar farm at Lampang. It targets capacity of 664MW in 2018. It expects to get a800MW PPA. (Thun Hoon, 25/09/15)
Comment: Nothing new here, move on.

Continue reading Stocks in the news (Age, auct, bland, brock, ea, gold, gunkul, irc, ivl, sccc, siri, stec, svi, tfd, twz) 25.09.15

Stocks in the news (ajd, akr, anan, aqua, bland, epg, fire, forth, gunkul, ilink, malee, mc, mill, pttgc, s, seafco, siam, tsr, tta, tvt, uac) 18.08.15

AJD
AJD and CTH plan to sell set-top boxes for Premier League football. They target Bt338mn in sales (200,000 set top boxes) within one year. It expects membership fees to drive revenue growth to 50%. (Khao Hoon, 18/08/15)
Comment: CTH desperately needs to find a way to make money from its PL licenses, they are still massively in the red, a rather rare miscalculation by the man behind it.

AKR
AKR expects 3Q15 earnings to be better than 3Q14’s Bt34.3mn backed by numerous orders. It expects to bid for Bt1.5-2bn in MEA and PEA jobs. It expects 2016 revenue to surge. It plans to invest in alternative energy which is expected to contribute Bt1bn revenue. (Thun Hoon, 18/08/15)
Comment: Should the renewable industry be as big as people hope, AKR should at one point receive some of the spillover.

ANAN
ANAN says sales of Ananda Urban Pulse reached Bt3bn. It expects 3Q15 sales to be higher than Bt4.4bn backed by demand for condos near BTS. (Khao Hoon, 18/08/15)
Comment: I do think their marketing costs will be higher than analysts expect for the coming quarter.

AQUA
AQUA reported 2Q15 earnings of Bt67mn (+60%). It expects stable growth in 2015 revenue. It plans to invest in warehouse and power plant. (ASTV, 18/08/15)

Continue reading Stocks in the news (ajd, akr, anan, aqua, bland, epg, fire, forth, gunkul, ilink, malee, mc, mill, pttgc, s, seafco, siam, tsr, tta, tvt, uac) 18.08.15

Management Trades – Feb ’15

Notable Transactions

Buy(s) THB 7 bn
  • BTS – A trade between father and son
  • RS – Despite the company selling treasury shares the owner still continues to buy
  • NBC – Involved in both NMG and NBC
  • IFEC – A share swap between tnhe two major shareholders
  • SYNTEC – This “smaller” construction co has been able to increase their project revenues over the past few years consistently. i do worry about their ability to take on larger projects in the future though.
  • ACD
  • CGD
  • SAMTEL
Sell(s) THB 7.5 bn
  • BTS – See above
  • BEAUTY – Sale to an investment fund
  • IFEC – See above
  • NBC – See above
  • NINE
  • AJD
  • WHA – I’ve been hearing rumours the the owner has taken a personal loan to buy the RO shares and is using the recent increase in share price to sell shares.
  • CGD
  • MINT
  • CHO
  • BLAND
  • TICON
  • CSS

150301 mgmt_trades_month

Management Trades 10/11 – 14/11

Notable Transactions

Buy(s) THB 77mn

  • N/A

Sell(s) THB 422 mn

  • BLAND – With the REIT finally listed plus the fact that they don’t have any other sizeable assets to sell, there isn’t any new catalyst for BLAND to move.
  • BROOK – Brook, one of the oddest companies on the market that no one really trusts.
  • EE- The President sells off a sizable near the peak of the 52 week range – wouldn’t you if your firm was @ 200x PE?
  • NMG – The size of this transactions make me think its a block trade, to whom I don’t know.
  • PPS- A recent IPO, the VP sells off THB 30 mn (market cap is THB 600mn!), looks like the 6 month no sell period is over

141116 mgmt trades

Stocks in the news (bbl, bcp, bland, eforl, estar, hmpro, ilink, jmt, kbank, preb, scc, seafco, siri, sithai, smart, tta, uwc) 02.10.14

BBL

BBL wins Myanmar licence – Bangkok Bank (BBL), Thailand’s largest lender by assets, is the only Thai bank among the first nine foreign ones to win a limited banking licence in Myanmar. The approval is preliminary for 12 months, during which time the winning banks must comply with Central Bank of Myanmar requirements before starting limited operations by the end of that period, BBL executive vice-president Chairit Anuchitworawong said. (Bangkok Post, 02/10/14)
Comment: Well done to BBL, as much as we like to say that BBL is the dinosaur in the banking industry, they actually have the most number of foreign branches amongst all thai banks by far.

BCP

BCP’s hydrocracking factory idled for 10-day maintenance. BCP says this will not impact its operations. (Kao Hoon, 02/10/14)

BLAND

BLAND expects to book net profit from IMPACT Growth REIT sale of Bt6bn. It will use Bt700mn on its Ibis Hotel in early 2015 and Bt300mn for 2-3 multi-storey car parks worth Bt300mn. The company is studying setting up a shopping mall. (Thun Hoon, 02/10/14)
Comment: Everyone knows the plan for BLAND already, the stories that will arise post REIT is what else will BLAND do with the cash, massive dividend? Further reinvestment? Expect for rumours to go nuts. Continue reading Stocks in the news (bbl, bcp, bland, eforl, estar, hmpro, ilink, jmt, kbank, preb, scc, seafco, siri, sithai, smart, tta, uwc) 02.10.14

Stocks in the news (aot, aq, bec, ccp, cgd, bland, bts, delta, gfpt, lalin, oishi, sim, sithai, tae, thcom, uniq, uv) 30.09.14

AOT
AoT to seek Dec nod for new terminal – Airports of Thailand (AoT) Plc will ask the cabinet as early as December to approve the construction of a second terminal at Suvarnabhumi airport to serve more passengers. AoT board chairman Prasong Phunthanet will meet Transport Minister ACM Prajin Juntong today to discuss the construction plan which will replace the costly second-phase development of the crowded airport. (Bangkok Post, 30/09/14)
Comment: In reality AOT has to reopen Terminal 2 in Don Muang as well as expanding Suvarnabhumi Airport.

AQ
AQ approves to buy Villa Nakarin shares worth Bt176.6mn and expects payback period of 2.5 years. It believes the investment will increase its competitive advantage and profitability. (Kao Hoon, 30/09/14)

BEC
BEC refuses to accept NBTC’s latest ruling – Bangkok Entertainment Co (BEC), the concession holder that operates Channel 3, has again refused to comply with the broadcasting regulator’s latest resolution requiring it to migrate its analogue TV programming to the digital platform via a simulcast. (Bangkok Post, 30/09/14)
Comment: Well BEC has been given an additional period to still continue broadcasting, looks like the NBTC won’t be able to force BEC to shift to using digital TV 100%

Continue reading Stocks in the news (aot, aq, bec, ccp, cgd, bland, bts, delta, gfpt, lalin, oishi, sim, sithai, tae, thcom, uniq, uv) 30.09.14