Tag Archives: brock

Stocks in the news (acap, akr, brock, bts, epg, fsmart, ifec, jmt, kiat, ticon, tkt, tpoly, tu, tvt, uniq) 24.11.15

ACAP
ACAP reported 3Q15 net profit of Bt3.82mn backed by loan growth. It expects 2016 revenue to be good as it focuses on SME loans. It targets Bt600mn in SME loans in 2016. (Khao Hoon, 24/11/15)
Comment: That is their existing business line, there were talks that it was going to expand into other businesses as well. ACAP had always been a rather cheap company on asset value that every once in a while became popular with retail investors, I am curious to see what the new shareholders will do here

AKR
AKR and Nonthaburi cooperatives take part in 5MW solar farm in government unit bidding. It has bid in the Bt1.5bn transformer project for the PEA, winner of which is expected to be announced by this year. (Khao Hoon, 24/11/15)

BROCK
BROCK expects 2015 revenue growth to meet its 10% target. It expects 4Q15 earnings to be good backed by transfers from Bt40mn backlog. It plans to invest in mix-use property in Phuket (500 rai, valued at Bt10bn). It expects 2016 revenue to be good on government property stimulus measures. (Thun Hoon, 24/11/15)

BTS
BTS expects 2HFY16 to be better than 1HFY16 on seasonality. It has budgeted Bt10bn to invest in MRT Green Line. It expects FY2016 revenue to grow 5-10% on the back of 4-6% passenger growth. It plans to sell concessions to BTSGIF. (Khao Hoon, 24/11/15)
Comment: Have a look at their balance sheet and then you’ll understand exactly what BTS’s business model is.

Continue reading Stocks in the news (acap, akr, brock, bts, epg, fsmart, ifec, jmt, kiat, ticon, tkt, tpoly, tu, tvt, uniq) 24.11.15

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 (banpu, brock, bsm, dcon, dtac, fire, gl, pjw, s, scc, scn, spa, t, takuni, ticon, tndt, tuf, umi) 09.08.15

BANPU
BANPU plans to list subsidiary Banpu Power (BPP) on the SET in 1Q16. It targets an increase in electricity capacity from 1,878MW to 2,700MW to 4,000MW in the long term. (Khao Hoon, 09/09/15)
Comment: This should change the value proposition in BANPU dramatically.

BROCK
BROCK is talking to three prospective partners to invest in mixed-use property in Phuket, valued at Bt10bn. It expects 3Q15 earnings to be good backed by high orders. It expects 2015 revenue to grow 10%. (Thun Hoon, 09/09/15)

BSM
BSM expects to expand to Australia, finalized within 1-2 months. A JV with KCM proceeds as planned. It expects 2H15 revenue to be good backed by Bt30mn from Myanmar and India. It expects 2015 revenue to achieve target of 20% growth. (Thun Hoon, 09/09/15)
Comment: Always liked this company, never liked its valuation.

DCON
DCON expects 2H15 revenue to be good aided by 16,000 foundation piles for EA’s solar farm and high demand from private power projects and public investment. It has budgeted Bt500mn to acquire land. (Thun Hoon, 09/09/15)
Comment: DCON’s price is returning back to earth as the news of the condominium recognition is well known in the market.

Continue reading Stocks in the news (banpu, brock, bsm, dcon, dtac, fire, gl, pjw, s, scc, scn, spa, t, takuni, ticon, tndt, tuf, umi) 09.08.15

Stocks in the news (ajd, ajp, big, brock, fer, fpi, hemraj, wha, ivl, kcm, mjd, mill, pap, pcsgh, pdi, ptg, ptt, sappe, syntec, tk, tsr, tta, tuf) 09.07.15

AJD
AJD is talking to a prospective partner which is expected to be finalized in 3Q15-4Q15. This deal will increase AJD’s competitive advantage by broadening its market abroad. It is looking for a partner who has a PPA to invest in a solar farm. (Thun Hoon, 09/07/15)
Comment: Again another PPA/renewable switch
AJP
AJP will ask shareholder okay to change its name to DCORP on August 3. It plans to invest in alternative energy with a budget of Bt3bn. (Khao Hoon, 09/07/15)
Comment: See above
BIG
BIG expects robust earnings in 2Q15. It plans to introduce a new product “Mirrorless” which will have a gross margin of 21%. It targets 2015 revenue to grow 10%. It plans to open five outlets in 2H15. It plans to wipe out retained losses soon. (Thun Hoon, 09/07/15)
BROCK
Property companies are interested in taking over BROCK as it is debt free with strong fundamentals. It is talking with a Chinese partner to invest Bt10bn in property in Phuket. It expects 2Q15 earnings to be good and plans to launch a new project worth Bt400-500mn. (Thun Hoon, 09/07/15)

Continue reading Stocks in the news (ajd, ajp, big, brock, fer, fpi, hemraj, wha, ivl, kcm, mjd, mill, pap, pcsgh, pdi, ptg, ptt, sappe, syntec, tk, tsr, tta, tuf) 09.07.15

Stocks in the news (ba, bcp, brock, cpf, eic, gfpt, kkp, lh, mint, snp, mlink, nusa, ocean, pttgc, ratch, scc, uac, uv, wave) 24.04.15

BA
CEO says give BA some time – The Chief Executive Officer of BA, Khun Prasert Prasartong-osoth told shareholders yesterday that the reason the price of BA shares has fallen below IPO price is that it has been listed only six months and needs at least a year to prove itself to investors. Shareholders voted a cash dividend of Bt0.2 per share even though it had been listed only two months at the end of the year, giving investors a good return. (Post Today 24/04/15)
Comment: Well 1) It wasn’t the cheapest IPO 2) All airline stocks were hit hard recently 3) They effectively only feed 1 airport 4) They do have shares in BDMS (formerly BGH) which does argue that the underlying stock could be cheap.

BCP
1Q15 profit to be Bt1.55bn due to the increase refinery margin above US$10. (Khao Hoon 24/04/15)

BROCK
1Q15 earnings should be better than 1Q14’s loss of Bt680bn due to more backlog. The firm expects a 10% growth in revenue in 2015 as a result of an uptrend in the property business. The firm plans to enter into a joint venture with a foreign and listed property company in Thailand to launch a new project, expected to be settled by 4Q15. (Thun Hoon 24/04/15)

CPF
Plans to expand ready-to-eat branches in both Vietnam and India to 1,000-1,200 branches in Vietnam and 500 in India to get in on the economic growth. (Khao Hoon 24/04/15)
Comment: We would love CPF more if it wasn’t an obvious exit strategy for all of CP Group’s private entities.

Continue reading Stocks in the news (ba, bcp, brock, cpf, eic, gfpt, kkp, lh, mint, snp, mlink, nusa, ocean, pttgc, ratch, scc, uac, uv, wave) 24.04.15

Stocks in the news (advanc, ap, aot, apcs, bbl, brock, btc, cpall, cfresh, eforl, fsmart, grammy, intuch, jasif, mtls, s11, scc, sf, smpc, tcmc, tse, uniq, vpo) 16.02.15

ADVANC
Joining with THCOM to provide service to drilling rigs — ADVANC is joining with THCOM to be the first operator to expand a mobile network to drilling rigs in the Gulf of Thailand, using satellite technology. (Khao Hoon, 16/2/15)

AP
AP condo wins case. AP set to continue construction and sales activities for its Aspire Ngamwongwan condominium project after a court ruled in favor of the project’s environmental impact assessment (EIA) and construction permit. The Central Administrative Court also ordered the Bangkok Metropolitan Administration (BMA) to pay 35,503.42 baht in compensation plus 7.5% interest per year to each of seven plaintiffs living near the construction site. (Bangkok Post, 7/2/2015)
AP plans to open new projects worth Bt30bn to boost its backlog by more than Bt10bn in order to secure revenue until 2016. The company is confident its revenue will increase by 10% this year, reflecting a recovery in property market. (Thun Hoon, 16/2/15)

AOT
AOT reported an earnings recovery with a net profit of Bt3.9bn (+3.7%) for FY1Q15 (OctoberDecember, 2014), due to a pickup in the global economy and the end of political unrest to drive passengers by 13% to 25.9mn. (Khao Hoon, 16/2/15)
Comment: Passenger growth is driven mainly by domestic travelers, the #’s for international travelers have yet to recover. The main driver of the stock price in the past 12 months have been news of a potential infrastructure fund.

APCS
APCS admits to loss for 2014. It expects recovery in 2015, but is uncertain whether it will return to profit in 2015. The company disclosed that orders from automobile sector have started picking up. Meanwhile, the company denied the rumors that it is a takeover target and has not been in talks with any party. (Khao Hoon, 16/2/15)

BBL
BBL targets doubling growth for its business in China from 10% growth last year, focusing on domestic consumption. The bank targets to increase its Chinese client base to 40% in the next three years, ready to support China’s investment expansion abroad, with Thailand as a main target. The bank is seeing a migration of Chinese investment from Vietnam to Thailand due to better logistics. (Krungthep Turakij, 16/2/15)
Comment: If you listen carefully to the CEO, he doesn’t seem to want to expand strongly in Thailand anymore, their focus does appear to be purely overseas business.

Continue reading Stocks in the news (advanc, ap, aot, apcs, bbl, brock, btc, cpall, cfresh, eforl, fsmart, grammy, intuch, jasif, mtls, s11, scc, sf, smpc, tcmc, tse, uniq, vpo) 16.02.15

Stocks in the news (ai, ba, brock, bts, n-park, gold, kland, jas, ppp, rich, rs, sam, smit, spa, susco) 06.10.14

AI
AI expects good 3Q14 net profit of Bt21.85mn due to a higher margin for its porcelain insulator business and no stock loss from the biodiesel business. Management expects revenue of Bt6bn in 2014 and aims to expand overseas. It hopes to obtain power plant construction of Bt1bn. (Thun Hoon, 07/10/14)
Comment: AI has been a strong performer over the past few years because of their expansion into biodiesel and what effectively is a monopoly in their industry for their core products

BA
Airline’s big hope in IPO – Privately-owned Bangkok Airways expects to raise up to Bt14bn in what will be one of Thailand’s largest initial public offerings (IPO). The anticipated proceeds would be 16.5% lower than the amount analysts speculated would be raised based on the expected Bt30/share versus a range of Bt23-27 officially announced yesterday. (Bangkok Post, 07/10/14)
Comment: It looks like appetite for this IPO is waning.

BROCK
BROCK expects higher profit in 3Q14 QoQ as demand for housing has recovered. The company expects revenue of Bt100mn in 2014 due to growing property market. Management said that BROCK will conclude the hotel construction deal with a Korean company in 2015. (Thun Hoon, 07/10/14)

Continue reading Stocks in the news (ai, ba, brock, bts, n-park, gold, kland, jas, ppp, rich, rs, sam, smit, spa, susco) 06.10.14