Tag Archives: bmcl

Stocks in the news (ap, beauty, becl, bmcl, bem, cbg, ck, daii, demco, ea, eastw, ifec, jsp, mono, ncl, planb, samart, seafco, sprc, tfg, tmill, ureka) 09.12.15

AP
AP and Mitsubishi launched Life Pinklao project, valued at Bt3.1bn on Nov 21. It expects this to achieve presales of 40% by this year. It expects this to support demand for premium condo in this location. (Khao Hoon, 09/12/15)

BEAUTY
BEAUTY expects 4Q15 earnings to peak on seasonality and large orders. It expects 2015 revenue to grow 20% from 2014’s Bt1.38bn thanks to a broader customer base both local and overseas. Management plans to introduce a new business plan in January 2016. (Thun Hoon, 09/12/15)
Comment: And they continue to buck the trend by posting great SSSG numbers

BECL/BMCL The cabinet has approved the amalgamation of BECL and BMCL with a new ticker, BEM. BECL will hold a joint shareholder meeting (BECL-BMCL) on Dec 28. Trading in BECL and BMCL shares will be suspended from Dec 21-30. (Thun Hoon, 09/12/15)
Comment: I am absolutely curious to see if BEM will become a must have investment for institutional investors, it just sounds right.

CBG
CBG is talking to a prospective partner in Indonesia which it expects to finalize in 1Q16. It expects this to increase its exports. It expects 2015 net profit to mark a new high backed by numerous orders. It expects 2016 revenue to grow 10% from this year. (Thun Hoon, 09/12/15)
Comment: We’ve heard this story before….ICHI, SAPPE, “we’re expanding to indonesia and growth will be amazeballs” Neither of the two have exactly panned out just yet, such things take years of development and marketing

CK
CK bids lowest for Bt23.4bn dual-track project (Jira – Khon Kaen). It expects to sign the contract with the SRT this year, as well as the Chachoengsao – Kang Koi dual-track project. It expects the SRT to ask approval from the cabinet on Dec 15. (Khao Hoon, 09/12/15)
Comment: They are carving up the pie nicely, first STEC, now CK, so now its either ITD or UNIQ that wins the next project

Continue reading Stocks in the news (ap, beauty, becl, bmcl, bem, cbg, ck, daii, demco, ea, eastw, ifec, jsp, mono, ncl, planb, samart, seafco, sprc, tfg, tmill, ureka) 09.12.15

Stocks in the news (amata, aot, bmcl, cho, hmpro, kkp, ktb, plat, qh, qtc, stpi, ttw, vih, wha) 27.11.15

AMATA
AMATA expects 4Q15 revenue to be healthy even though it cannot reach the target of selling 1000 rai of land this year. It has sold only 493 rai of land in 9 months. (Thun Hoon, 27/11/15)
Comment: It’s the usual cycle for industrial estates in Thailand.

AOT
AOT expects 4Q15 profit of at least Bt3.2bn (51% growth). It expects revenue for the whole of this year to be Bt17bn backed by peak season. (Thun Hoon, 27/11/15)

BMCL
BMCL expects the cabinet to approve the M&A with BECL on December 8. (Khao Hoon, 27/11/15)

CHO
CHO expects to gain revenue from an 11-year project. Next year it will focus on maintenance services and expects to get a project worth Bt400mn. (Thun Hoon, 27/11/15)
Comment: If it is similar to their Tesco contract then its a steady cash flow generator for the firm

Continue reading Stocks in the news (amata, aot, bmcl, cho, hmpro, kkp, ktb, plat, qh, qtc, stpi, ttw, vih, wha) 27.11.15

Stocks in the news (aqua, atp30, bmcl, chow, col, epg, ilink, ktc, malee, ndr, pstc, siri, sricha, svoa, syntec, tasco, the, trc, tsr, tta) 17.11.15

AQUA
AQUA reported 3Q15 net profit of Bt69.61mn (+108.16%). 9M15 net profit was Bt221.96mn (+114.74%) backed by a growth in sales of electricity, warehouses, and ads. (Khao Hoon, 17/11/15)

ATP30
ATP30 has three new customers. It will supply 30 cars that will contribute revenue from the beginning of 2016. It reported 3Q15 net profit of Bt2mn. 9M15 revenue grew 14.81%. It is confident 2015 revenue will reach Bt270mn (+15%). (Khao Hoon, 17/11/15)

BMCL
BMCL reported 3Q15 net loss of Bt148.18mn (-7%). Ridership rose to 300,000, raising revenue from fares by 9.66% while commercial development revenue rose 6%. (Khao Hoon, 17/11/15)
Comment: CK has decided to merge BECL and BMCL they need the clean balance sheet of BECL to finance all of BMCL’s future growth

CHOW
CHOW reported 3Q15 net profit of Bt36.27mn backed by implementing cost control, revenue from power business and FX gain. (Thun Hoon, 17/11/15)
Comment: We do wonder at what point will CHOW begin to recognise its expansion into Japan

COL
COL expects 2016 revenue to grow 15% from Bt10bn this year. It plans to switch online sales to market place. It has budgeted Bt1bn to broaden its market at home and abroad. (Khao Hoon, 17/11/15)
Comment: A switch from online sales to market place? Wait isn’t this an ecommerce business? I have often thought aloud that for this company to be the equivalent of, say, Amazon, a change in management and mind set would be needed.

Continue reading Stocks in the news (aqua, atp30, bmcl, chow, col, epg, ilink, ktc, malee, ndr, pstc, siri, sricha, svoa, syntec, tasco, the, trc, tsr, tta) 17.11.15

Stocks in the news (26.10.15)

Names today: ASIMAR, BIG, BMCL, DEMCO, EPCO, FIRE, MFEC, PS, PTT, PTTEP, PYLON, TSE, UV

ASIMAR
ASIMAR to show strong 3Q15 after booking two big projects. More potential growth stories include: ship maintenance backlog, Bt600mn tugboat project (to open for bidding in Oct 2015) by the Port Authority of Thailand, multi-million baht projects for the Department of Public Works and Town & Country Planning and potential offshore projects for PTT. (Thun Hoon, 26/10/15)

BIG
BIG’s shareholders approved par reduction to wipe out accumulated losses worth Bt150mn, clearing the path for dividend payout in the future, and restructuring its business for more flexibility and growth. The company maintains its 2015 growth target at 10% with margin above 20%. (Than Settakij, 16/10/15)
Comment: We still have our doubts on this businesses ability to compete versus smart phones.

BMCL
MRTA board chooses BMCL for the Blue Line extension. The decision will be submitted to the Ministry of Transport for approval before starting the PPP process. (Khao Hoon, 26/10/15)
Comment: No surprise here.

DEMCO
DEMCO backlog increases to Bt8.8bn after securing 12 more power plant projects from Toyo Engineering worth more than Bt2bn. The construction of the first facility will begin in November 2015. (Khao Hoon, 26/10/2015)
Comment: And they will continue to win backlogs as this part of their forte, but the kicker still comes from WEH

Stocks in the news (ap, bmcl, cfresh, gfpt, ktc, lee, makro, mdx, perm, samco, smit, tapac, tks, uniq, upa) 07.10.15

AP
AP reports presales of Bt22.3bn for 9M15 (28% growth from last year). It plans to launch five new projects valued at Bt5.33bn in 4Q15. (Khao Hoon, 07/10/15)
BMCL
Cabinet has approved using the Joint Venture 2013 ACT, which allows MRTA to look for a operator for the extension Blue Line by direct negotiations. BMCL is expected to be a candidate. The Ministry of Transport expects no delay because Somkid Jatusripitak is chairman of PPP. (Khao Hoon, 07/10/15)
Comment: Direct negotiations with one of the two mass transit operators, sounds like a laugh. 
CFRESH
CFRESH expects 3Q15 net profit of Bt113mn (+200%YoY) thanks to the weaker baht. It expects 4Q15 earnings to be the best of this year. (Khao Hoon, 07/10/15)
GFPT
GFPT revised down 2015 revenue growth from 7% to 5% because of excess supply. It expects 2H15 performance to be better than 1H15 aided by seasonality for exports especially to Japan and the EU. (Khao Hoon, 07/10/15)
Comment: Now we do wonder aloud how the TPP will impact Thailand and its industries that export to the same nations such as Vietnam, Malaysia etc etc 

Continue reading Stocks in the news (ap, bmcl, cfresh, gfpt, ktc, lee, makro, mdx, perm, samco, smit, tapac, tks, uniq, upa) 07.10.15

Stocks in the news (asimar, bmcl, color, cpall, global, intuch, ps, malee, mint, npp, nusa, scn, ssi, stanly, tfd) 05.10.15

ASIMAR
ASIMAR expects to bid for a Bt1bn ship building contract. It plans to increase capacity by set up a third floating dock. It expects 3Q15 earnings to be good aided by transfers. (Thun Hoon, 05/10/15)

BMCL
BMCL expects growth in 3Q15 earnings backed by increasing passengers. It expects 300,000 passengers/day. It expects to show a net profit in 2016 after the MRT Purple Line begins contributing revenue in 4Q15. (Thun Hoon, 05/10/15)
Comment: The moment that BMCL can expand its lines from its existing ~20km to just even 30km then it’ll finally become a profitable company.

COLOR
COLOR expects 2015 revenue to mark a record high thanks to high demand and lower oil price. It expects 5% growth in 2015 revenue. It plans to increase exports to comprise 20% from 18- 19% now. (Thun Hoon, 05/10/15)

CPALL
CPALL expects 2H15 earnings to be better aided by a marketing campaign, recovery in purchasing power, and seasonality. (Khao Hoon, 05/10/15)
Comment: Again the story here is purely if and/or when they’ll sell their stake in MAKRO to the market.

Continue reading Stocks in the news (asimar, bmcl, color, cpall, global, intuch, ps, malee, mint, npp, nusa, scn, ssi, stanly, tfd) 05.10.15

Stocks in the news (aq, bmcl, becl, bem, chow, drt, epg, hemraj, kcm, mcs, ml, polar, ratch, siri, stec, t, true, tvo) 30.09.15

AQ
AQ expects net profit this year after 2014 net loss of Bt285.61mn on backlog of Bt300- 400mn. It plans to launch a new project “AQ Shadi Phaholyothin-Rangsit” in 2H15. (Thun Hoon, 30/09/15)
Comment: Despite the quality of its projects, the stock is rather expensively valued.
BECL/BMCL
BECL expects the cabinet will okay the merger with BMCL in October. It expects BEM (Bangkok Expressway and Metro Plc) will begin to trade in January 2016. (Khao Hoon, 30/09/15)
Comment: There’s nothing new here in terms of stories nor valuation, in the end its a good move for CK to not have to inject additional capital into BMCL
CHOW
CHOW has done a JV with BCP to invest in a 50MW solar power plant in Japan. It will invest no more than Bt380mn. (Khao Hoon, 30/09/15)
DRT
DRT expects sales to peak in 2016 although 2015 sales may be hurt by the economic slowdown. It plans to expand abroad. It targets exports to comprise 30% of revenue within three years. It expects to benefit from the government’s stimulus. (Thun Hoon, 30/09/15)
Comment: That’s rather ambitious by DRT, unless the Thai portion of the business is going to collapse. 

Continue reading Stocks in the news (aq, bmcl, becl, bem, chow, drt, epg, hemraj, kcm, mcs, ml, polar, ratch, siri, stec, t, true, tvo) 30.09.15

Stocks in the news (bmcl, bsm, epg, ifec, nncl, planb, sena, spcg, syntec, tkt, tk, xo) 14.09.15

BMCL
BMCL expects to get a 25-year concession to operate MRT Blue Line, valued at Bt25bn. It has been awarded the operations of the Tao Poon-Bang Sue segment. It expects the Purple Line to be fully operational in August, 2016. (Thun Hoon, 14/09/15)
Comment: The line construction cost may be valued at that price, not the value of the contract that BMCL will receive
BSM
BSM is talking to A prospective partner in Australia to set up a subsidiary for exports. It expects to introduce new products in 1Q16. (Thun Hoon, 14/09/15)
EPG
EPG expects net profit to double this year. It targets 2015 revenue of Bt8.5bn on the back of numerous orders, lower material costs and the baht depreciation. (Khao Hoon, 14/09/15)
Comment: Meeting them later this week – let’s see if there’s any upside left here
IFEC
IFEC is talking to prospective partner from overseas which is expected to be finalized this year. It has budgeted Bt6bn to invest in a 600MW power plant. 3Q15 earnings are expected to be good backed by the operational startup of the power plant in the south. It expects net profit of Bt300mn this year. (Thun Hoon, 14/09/15)
Comment: Blah blah, no cash

Continue reading Stocks in the news (bmcl, bsm, epg, ifec, nncl, planb, sena, spcg, syntec, tkt, tk, xo) 14.09.15

Stocks in the news (aav, ait, age, ba, bmcl, chuo, demco, drt, kbank, pcsgh, phol, samtel, vgi, vng) 11.09.15

AAV
AAV will pay its first ever dividend at Bt0.10/share, XD on September 14, paid on September 29. It expects 3Q15 earnings to be better on the back of recovery in tourists and lower oil price. It plans to open a new route soon. It expects 4Q15 earnings to peak thanks to seasonality. (Thun Hoon, 11/09/15)
Comment: Without a doubt, a continued beneficiary from the increase in Chinese tourists to Thailand
AIT
AIT has budgeted Bt700mn to invest in data centers in Thailand and Cambodia via setting up a joint venture. It expects the decision to be finalized this year. It plans to participate in the Bt11.36bn public projects up for bid in 2H15. It expects 2015 revenue to be less than 2014’s because of fewer public projects. (Thun Hoon, 11/09/15)
Comment: With the digital economy likely a go, then data centers are an easy money making
AGE
AGE expects 2015 net profit of Bt100mn after profit reached Bt34mn in 1H15. It expects 2015 revenue of Bt5bn. It plans to expand abroad. It is budgeting Bt50mn to invest in a coal screening machine which will raise capacity by 30% and allow it to take on the many orders. (Thun Hoon, 11/09/15)
BA
BA has budgeted Bt9bn to acquire more 43 aircraft by 2018. It plans to open a new route (Phuket-Hat Yai) this October, which will increase its passengers. It expects 2015 net profit to reach a new high backed by increasing passengers and cost control. It expects to pay an interim dividend. (Thun Hoon, 11/09/15)
Comment: The monopoly airline of Samui that has a decent holding in BDMS, can they translates their success to airports where they aren’t a monopoly?

Continue reading Stocks in the news (aav, ait, age, ba, bmcl, chuo, demco, drt, kbank, pcsgh, phol, samtel, vgi, vng) 11.09.15

Stocks in the news (bkd, becl, bmcl, cpr, css, fpi, irpc, kbank, kcm, match, mcs, ml, nwr, pps, ptg, ptt, pttgc, rml, smt, spa, tgpro, tpoly, trt, true, tvd) 26.08.15

BKD
BKD expects 3Q15 revenue to be higher than 2Q15. It expects to be awarded projects valued at Bt1.3bn in 4Q15. It expects 2015 revenue of Bt1.3bn as Bt2.5bn in backlog is expected to be booked. It targets 20% revenue growth next year. It plans to launch a property project in 2Q16. (Khao Hoon, 26/08/15)

BECL/BMCL
BECL expects the merger of BECL and BMCL to be finished by October with the new company trading in November. It expects to book a Bt1bn extra gain from BMCL in 3Q15. It expects Sri-Rat highway to open in July 2016. (Khao Hoon, 26/08/15)
Comment: The question still stands whether or not the company will be considered to be more valuable when the two entities combine, financial theory says no, thai investors may say otherwise.

CPR
CPR expects 2015 net profit of Bt50mn after it has reaching Bt27mn in 1H15. It expects 2015 revenue of Bt500mn backed by a broader customer base. It plans to add more farming machinery in 2017. (Thun Hoon, 26/08/15)

CSS
CSS has opened a new warehouse and office as management expects the telecom business to continue to trend up. It expects 2015 revenue of Bt4.8-5bn. (Thun Hoon, 26/08/15)

FPI
FPI expects 2015 revenue to achieve 20% target growth on the back of lower material cost and baht depreciation. It expects net margin of 13% this year. It is talking with ECF to invest in a 120MW biomass power plant, which is expected to be finalized in December. (Khao Hoon, 26/08/15)

Continue reading Stocks in the news (bkd, becl, bmcl, cpr, css, fpi, irpc, kbank, kcm, match, mcs, ml, nwr, pps, ptg, ptt, pttgc, rml, smt, spa, tgpro, tpoly, trt, true, tvd) 26.08.15