Tag Archives: bsm

Stocks in the news (aot, beauty, bsm, bwg, cgd, ecf, epco, ihl, jas, kool, lanna, lpn, nusa, ps, tasco) 20.09.16

AOT
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
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
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
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
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… 

Continue reading Stocks in the news (aot, beauty, bsm, bwg, cgd, ecf, epco, ihl, jas, kool, lanna, lpn, nusa, ps, tasco) 20.09.16

Stocks in the news (bay, bsm, ci, forth, lph, nyt, planb, sawad, sgp, siri, spa, tapac, thani, ticon, vibha) 16.09.16

BAY
BAY expects 2016 auto leases to reach Bt133bn. It has raised its loan target to Bt279bn after expanding its services to the eastern part of the country. (Thun Hoon, 16/09/16)
Comment: The moment that BAY increases the free float i wouldn’t be surprised to see the stock price increase based purely upon fund flow
 
BSM
BSM expects 2H16 earnings growth to be outstanding after 1H16 profit of Bt0.97mn. It expects to focus on high margin products and launch new products. It is confident that 2016 revenue will hit its target of Bt700mn, growth of 20%. It plans to sign a contract for work in Papua New Guinea worth Bt100mn in 4Q16. (Thun Hoon, 16/09/16)
CI
CI expects 4Q16 to be outstanding due to booking revenue from the sale of assets and high season. It expects 2016 revenue to reach its target of Bt3bn, supported by booking revenue from more projects and launching a new project worth Bt2.91bn. This will increase its backlog from more than Bt2bn. (Thun Hoon, 16/09/16)
Comment: If you compare CI today versus where it was 5 years ago you’d be impressed by their ability to become a property company with relatively consistent earnigns
 
FORTH
FORTH expects to bid for a government project worth Bt1bn and expects to get the job. It maintains its 2016 revenue target at Bt5.8bn, supported by more orders and its subsidiary. (Thun Hoon, 16/09/16)
LPH
LPH has switched to long-term lease of Decha Hospital from an outright purchase. The lease will extend 20 years and a decision is expected this month. It expects 3Q16 revenue growth of 10%, giving 2016 revenue growth of 10-15%. It plans to buy two hospitals. (Kao Hoon , 16/09/16)
NYT
NYT is negotiating with a foreign partner to do a port in Indonesia to support auto production and plans to add a warehouse on 80 rai to generate income. It plans to increase investment in the C0 port to 29% from 20%. It expects 2016 profit to record a new high, supported by increasing auto exports. (Thun Hoon, 16/09/16)
Comment: The monopoly expands

Continue reading Stocks in the news (bay, bsm, ci, forth, lph, nyt, planb, sawad, sgp, siri, spa, tapac, thani, ticon, vibha) 16.09.16

Stocks in the news (arrow, biz, bsm, cpn, csl, global, jubile, mega, robins, s, sci, spali, sutha, syntec, tacc, tfg, twz) 06.09.16

ARROW
ARROW expects 2016 revenue and profit to be a new high. It is maintains its full-year target revenue at Bt1.4bn, growth of 15%. It has backlog of Bt240mn, all of which will be booked this year. It is talking with two companies to take a share of its subsidiary and expects to make a deal within 2017. (Kao Hoon, 06/09/16)
BIZ
BIZ maintains 2016 revenue target growth of 50-60% and plans to expand its customer base in both government and private hospitals. It expects 2019 revenue to reach Bt1bn and has a three-year plan to do a JV with a private hospital to set up a cancer center. (Kao Hoon, 06/09/16)
Comment: Well its certainly pricing this growth in at these valuation levels
 
BSM
BSM expects to sign a Bt100mn contract for work in Papua New Guinea in early 4Q16. This will support 2H16 earnings. It expects a profit in both 3Q16 and the whole of 2016. It expects the Sansara project to finish around the end of 2017 to early 2018. It targets 2017 revenue of Bt800mn from Bt700mn this year, supported by expanding to Myanmar and Cambodia. ( Thun Hoon, 06/09/16)
CPN
CPN expects 2H16 revenue growth of 12-14% backed by steady growth in same-store sales. It is confident that 2016 revenue will grow 15% supported by opening a new shopping center. It expects to change CPNRF into a REIT at the end of 2016. (Kao Hoon, 06/09/16)
Comment: Given the size of the business today, its rather astounding how well they continue to perform
 
CSL
CSL expects 2016 revenue growth of 2-3%. It plans to expand high-speed internet in condominiums along the BTS line and expects 10,000 customers within this year. (Kao Hoon, 06/09/16)
GLOBAL
GLOBAL expects growth to continue through 2H16 with full-year revenue growth of more than 10%. It expects a net margin of 8.45%. It plans to expand to Myanmar and Cambodia, with a decision to be made next year. It expects to open eight new branches in 2016 and has a five-year budget of Bt10bn. ( Thun Ho on, 06/09/16)
JUBILE
JUBILE expects profit margin to continue to be good. It believes the Forevermark brand has a bright future. It plans to add four branches this year and has a five-year target of 25 branches. ( Thun Hoon, 06/09/16)
Comment: If JUBILE turnarounds around then you know that consumer confidence is back

Continue reading Stocks in the news (arrow, biz, bsm, cpn, csl, global, jubile, mega, robins, s, sci, spali, sutha, syntec, tacc, tfg, twz) 06.09.16

Stocks in the news (bsm, bew, ci, cpf, drt, forth, gland, hpt, ifec, kool, malee, pttep, sf, stpi, super, tcj) 12.07.16

BSM
BSM expects 2H16 earnings to be good supported by high season. It expects to get Bt50mn in orders from Myanmar and Cambodia. It is confident that 2016 profit will be higher than last year and expects revenue of Bt700mn. It is negotiating with a partner to expand its business. (Thun Hoon, 12/07/16)
BEW
BEW has set up a subsidiary, Be Green Development Company Limited, to engage in the property business. It expects to support industrial estates in the renewable energy industry. (Khao Hoon, 12/07/16)
CI
CI doing a commercial project in Cha-am to support its revenue and expects it to conclude in 2017. It has a new Bt4.7bn project of to add to its backlog of Bt3bn. It expects 2016 sales to go over Bt3bn, supported by the tax stimulus. (Thun Hoon, 12/07/16)
Comment: In the past few years their strategy has evolved to provide a more consistent 
CPF
CPF expects 2Q16 net profit of Bt4.11bn or growth of 38%, supported by domestic business growth and booking Bt1.5bn in profit from the sale of CPALL shares. It expects to report earnings on Aug 11. (Khao Hoon, 12/07/16)
Comment: Love the trading gains in CPALL!

Continue reading Stocks in the news (bsm, bew, ci, cpf, drt, forth, gland, hpt, ifec, kool, malee, pttep, sf, stpi, super, tcj) 12.07.16

Stocks in the news (aot, ap, bsm, centel, cho, fsmart, lh, malee, pk, qtc, sci, spa, tk, tmb, ttcl) 06.06.16

AOT
AOT plans to open bidding for the APM system at Suvarnabhumi valued at Bt3bn in midJune. It expects to finish the deal in October 2016. (Khao Hoon, 06/06/16)
Comment: AOT has been very quiet recently in terms of their expansion plans.
 
AP
AP got revenue of more than Bt8.55bn, up 20%, in five months. It plans to launch new projects and campaigns. It is confident sales will reach its target of Bt31bn in 2016. (Khao Hoon, 06/06/16)
Comment: Perhaps the last sector left to run in the Thai market.
 
BSM
BSM increase capital to RO and issue warrant (BSM-W2). It expects to funding of Bt150mn for develop property. It sets 2016 revenue target to over Bt1bn. (Khao Hoon, 06/06/16)
CENTEL
CENTEL expects 2Q16 earning to be good supported by tourism tax. It sets revenue target growth 10% from Bt19.2bn from 2015 due to tourism expansion. (Thun Hoon, 6/6/16)
CHO
CHO expects to turn around. It expects 2016 profit of Bt77mn, growth of 113% from 2015, supported by backlog of Bt645mn. It plans to book Bt400mn this year. (Khao Hoon, 06/06/16)
FSMART
FSMART is confident that 2Q16 earnings will grow as it expands the Boon Term top-up machines. At the end of April, it had 75,000 machines and expects to reach 90,000 this year. It is confident that revenue from Boon Term top-up machines will be over Bt28bn. (Khao Hoon, 06/06/16)
Comment: Still a growth machine. 
 
LH
LH expects 2016 transfers to hit Bt28bn as targeted after backlog reached Bt20bn. It plans to launch 14 projects valued at Bt23.5bn. It expects this to increase its presales to Bt28bn at the end of this year. (Khao Hoon, 06/06/16)
MALEE
MALEE expects 2016 revenue growth to be higher than target at 15% aided by the baht weakening and higher sales abroad. It plans to expand to CLMV and ASEAN. It expects its associated company in the Philippines to contribute doubled revenue. (Thun Hoon, 06/06/16)
Comment: The Philippines has done far better than what most people expected. It does raise the question why couldn’t ICHI and SAPPE do the same in their international expansions.

Continue reading Stocks in the news (aot, ap, bsm, centel, cho, fsmart, lh, malee, pk, qtc, sci, spa, tk, tmb, ttcl) 06.06.16

Stocks in the news (advanc, asefa, bigc, bjchi, bsm, ck, ea, pf, npp, sci, tluxe, tmi, tpoly, true, tsr, twpc) 18.05.16

ADVANC
ADVANC is now left as the only applicant in the running to take part in the upcoming reauctioning of a 900MHz licence. (The Nation, 18/05/16)
Comment: It should be an uneventful auction…
 
ASEFA
ASEFA expects 2016 revenue to grow 15-20% on the back of Bt1.7bn backlog. It expects this to cover revenue till next year. It plans to take part in bids. (Khao Hoon, 18/05/16)
BIGC
BIGC plans big expansion – THE NEW board of directors of Big C Supercenter, controlled by Berli Jucker Group, has approved the plan to allocate Bt5bn-Bt6bn for store expansion in Thailand this year, focusing on “blue ocean” locations, including subordinate and border provinces, and major districts. (The Nation, 18/05/16)
Comment: Thats rather interesting given that the previous management didn’t see any more growth potential in the country..
 
BJCHI
BJCHI announced 1Q16 earnings of Bt338.7mn (+110%) with Bt2.1bn in revenue, up 40%. It is waiting for bidding results. It expects 2016 revenue to grow not less than 15% as its work on hand is Bt1.7bn. (Thun Hoon, 18/05/16)
BSM
BSM expects 2Q16 earnings to recover backed by orders at home and Bt10mn orders from India. It expects 2016 revenue to hit Bt700mn. It expects margin to reach 30%. It expects 2H16 earnings to be better than 1H16. (Thun Hoon, 18/05/16)

Continue reading Stocks in the news (advanc, asefa, bigc, bjchi, bsm, ck, ea, pf, npp, sci, tluxe, tmi, tpoly, true, tsr, twpc) 18.05.16

Buildersmart Plc (BSM) Interview

Buildersmart designed for focused, sustainable success

Buildersmart Plc (BSM) is a building materials manufacturer and distributor listed on the Market for Alternative Investment since 2008. Managing director Sunchai Nuengsit discusses the company’s strategy and outlook.

BSM

Please explain the history of BSM

BSM was founded in 2001 by executives who had long experience in the building industry and interior work. We saw the need for good quality, innovative products and solutions for the Thai market. We became a manufacturer and distributor of gypsum wall and ceiling systems and aluminium products for interior work under the Alloy brand. Over time we successfully grew our business and listed on the Market for Alternative Investment in 2008. We have expanded our product lines and today we have three core businesses under BSM, D&W Asia and Sansara.

What attracts customers to use BSM services and products?

We have three groups of customers: the project owner, the specifier which is typically a designer or architect, and the contractor. We have the ability to service each beyond what our competitors typically offer. If they are interior designers, we offer products with great design and high quality.

We are aware that interior contractors sometimes have to work after office hours, so we have equipped our warehouse and logistics operation to service them, and all vehicles have GPS so customers know where and when products will be received. We also have a training centre where we provide free product and installation training so that they can be more effective for their customers.

Because our services are integrated with our own manufacturing facility we are able to confirm to our customers both volumes and prices for 6-12 months depending on their needs. In addition to services, we are also focused on improving the quality and functionality of our products, because we believe small details make a big difference.

Continue reading Buildersmart Plc (BSM) Interview

Stocks in the news (advanc, bbl, beauty, bem, bsm, css, ea, mc, ori, ptt, smpc, sricha, svi, tacc, true, uv) 29.02.16

ADVANC
ADVANC reports more than 500,000 of its 2G clients have upgraded to 3G. It aims at getting more than 10mn 4G users from 4.4mn now. It has budgeted of Bt40bn to expand its business in 2016. (Kao Hoon, 29/2/16)
Comment: The number we read this morning from the news was 5 mn users already.

BBL
BBL announces a full-year dividend of Bt6.50/share. (Thun Hoon, 29/2/16)

BEAUTY
BEAUTY reported net profit in 2015 of Bt402.5mn, up 33.65% supported by total revenue growth of 29.36% to Bt1.79mn from expanding its branches. It will pay a dividend in 2H16 of Bt0.83/share, XD on April 28. (Kao Hoon, 29/2/16)
Comment: And they keep growing!

BEM
BEM reported 2015 net profit of Bt2.65bn supported by higher toll and fare revenue. It had total revenue of Bt13.1bn with total assets of Bt78bn. It will pay a dividend of Bt0.07/share. (Thun Hoon, 29/2/16)
Comment: At what point will BEM do what BTS did and spin off the assets to an infrastructure REIT?

Continue reading Stocks in the news (advanc, bbl, beauty, bem, bsm, css, ea, mc, ori, ptt, smpc, sricha, svi, tacc, true, uv) 29.02.16

Stocks in the news (abc, ait, bsm, drt, lhbank, sf, smpc, sprc, tasco, tipco, tsr) 18.02.16

ABC
Asset Bright is expanding its business. It is preparing to open “ABC Pet World”, the biggest pet shopping center in Thailand, hopefully in 3Q16. It sees the pet market as valuated at Bt20bn with annual growth of 10-15%. (Khao Hoon, 18/2/16)
Comment: Perhaps instead of me mocking ABC continuously I should be supportive of these entrepreneurial projects that the company is undertaking from solar, to condominiums, to hotels, to internet services and now a Pet world…

AIT
AIT reported net profit of Bt532.5mn in 2015. The decrease in net profit is due to customers delaying their investment in IT. The board has approved a dividend of Bt1.5 on 2H15. It targets revenue growth of 10% supported by ICT industry recovery. (Khao Hoon, 18/2/16)
Comment: The whole industry suffered last year, mainly b/c of the lack of action by the government.

BSM
BSM negotiating with partner to invest in a new big project. The progress in the JV with a partner in Australia will be clear in 2Q16. It expects revenue in 2016 of Bt700mn supported by exports. (Thun Hoon, 18/2/16)
Comment: I have always liked this company but never cared for its valuation…

DRT
DRT sets revenue target at Bt4.2bn or growth of 5% in 2016 supported by exports. It plans to increase revenue in CLMV+I. The company plans to sell its products to property developers in Myanmar and Cambodia. (Khao Hoon, 18/2/16)
Comment: I still have doubts on their ability to grow, a value trap potentially if one isn’t careful..

Continue reading Stocks in the news (abc, ait, bsm, drt, lhbank, sf, smpc, sprc, tasco, tipco, tsr) 18.02.16

Stocks in the news (arrow, bsm, cho, cwt, ktc, rs, sc, singer, smt sr, thcom, vgi) 01.12.15

ARROW
ARROW plan to invest Bt40mn to build construction manufacturing plant. It expects to get revenue of Bt100mn with 20% revenue growth this year. (Thun Hoon, 1/12/15)
Comment: And this little company continues to grow and grow

BSM
BSM to finalize partnering with Australian company. It expects to get Bt35mn each year. It aims to drive revenue to grow 20% to reach Bt700mn. It expects to generate revenue of Bt570mn this year by expanding business abroad. (Thun Hoon, 1/12/15)

CHO
CHO said this year’s net profit could fall YoY. It plans to file a lawsuit against BMTA for cancelling the NGV bus auction. Its target growth this year is 2% and aims at 10% next year. (Khao Hoon, 1/12/15)
Comment: The owner doesn’t seem to like this current government much at all.

CWT
CWT expects to approval of biomass power plant this week. It targets 2015 revenue of Bt1.3bn. (Thun Hoon, 1/12/15)
Comment: A dodgy shareholder and business owner, trade/invest at your own peril.

KTC
KTC expects 2015 profit of Bt2bn. It plans to expand aggressively next year. (Thun Hoon, 1/12/15)
Comment: Again the issue here is top line growth, and there has been recent news that the BOT has reduced the maximum penalty fee allowed to be charged from 250 to 100 baht.

Continue reading Stocks in the news (arrow, bsm, cho, cwt, ktc, rs, sc, singer, smt sr, thcom, vgi) 01.12.15