AJP plans to launch new TV program on free TV after getting a three-year license for an international sports program. It expects to complete the deal for a waste power plant project at the end of June. It believes it will show a net profit this year, backed by this project. (Thun Hoon, 26/06/15)
Comment: AJP has a TV program channel + a waste power plant, again the synergies here are amazing, can you imaging the future potential of the shows, documentaries on waste power plants!!! You just have to believe. All kidding aside, while this doesn’t have any synergies at all, waste to power can be incredibly lucrative.
APCS expects no impact from becoming a major shareholder of Advance web studio. It targets 10% revenue growth this year. (Thun Hoon, 26/06/15)
BIG expects 2Q15 earnings to surge, benefitting from increase in mirror-less camera sales. It plans to introduce a new product to add to its revenue. (Khao Hoon, 26/06/15)
BTC shareholders approved a capital increase via PP. It plans to invest in three businesses: alternative energy, logistics and infrastructure construction via JV and takeover. (Thun Hoon, 26/06/15)
Comment: So a terminal business switches to power + infrastructure, ok…see AJP comments above
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 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 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 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 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.
2015 to be a good year — AKR says business will be strong in 2015 with revenue expected to grow 30%, supported by the government’s plan for alternative energy projects. Further, it will start booking revenue from solar panel sales. It is waiting for results on its bid to supply an electricity transformer worth more than Bt3bn. (Thun Hoon, 07/01/15)
Comment: I’m not sure that AKR has a competitive advantage in this industry versus what Demco, TRT and others, but perhaps there is just too much business going on that they’ll have a piece of the pie.
ANAN sets up subsidiary, Ananda MF Asia Samyan, to develop a high rise condominium worth Bt8bn. It expects to book Bt4.71bn of backlog and has set its 2015 revenue target at Bt12-12.5bn. (Kao Hoon, 07/01/15)
Comment: I still like ANAN, easy #’s if you ask me.
Undergoing shareholder restructure — BTC is going through a restructure of its shareholding structure after the company’s director, Mr. Nuttaphob, sold the majority of his shares. The company expects a large investment group to buy the stake and help gear the company towards expanding in alternative energy business. Details will be finalized 1Q15. (Thun Hoon, 07/01/15)
Comment: Another renewable energy backdoor listing, IFEC part deux?
BTC expects to be in the black in 2014 although it faced net loss of Bt35.53mn in 9M14 and a loss in 2013 of Bt235.64mn due to lower spending. The company plans to improve its profitability to bring performance back to profit and is ready to form a partnership. (Thun Hoon, 17/12/14)
To set up animal feed and swine ranch in Russia — CPF says Russia’s livestock depends on imports, so it plans to invest to set up a feed plant and swine ranch. Thailand recently exported pork to Russia for the first time. (Kao Hoon, 17/12/14)
EPG will start trading in the SET on Dec 24 at the IPO price of Bt5.80/share, a 20-30% discount from fair value. Subscription period will be from Dec 17 to 19. The company is confident that it will receive strong interest despite recent market volatility. (Kao Hoon, 17/12/14)
Comment: This looks like the same usual small IPO, perhaps its the last one for this year.
FORTH expects 2015 revenue of Bt5bn as it is ready to bid for Bt20bn in new telecommunications system projects in the public sector. It expects to obtain Bt4-5bn of those. (Thun Hoon, 17/12/14)
Comment: A great little company, but the real bonus is in FSMART
FSMART targets 30% revenue and profit growth next year. It has joined with Tune Insurance to allow provide service in making insurance payment through its Boonterm online top-up machines. It will also sign with CTH to sell package for Football Premier league worth Bt299 through its machines in 1Q15. (Kao Hoon, 17/12/14)
Comment: FSMART is a wonderful business, through its franchise system of the boonterm machines they’ve cleverly realised it can be utilised for other services versus just a top-up.
Buy(s) THB 325 mn
- EARTH – The owner buys a significant stake in the co
- JAS – On the news that their IFF is about to finally go through, a Director buys THB 86 mn worth of shares
- NMG – The owner puts more $ into the company, THB 127 mn, will digital TV be the driver that they hope?
- RS – Another big purchase in RS, this time by K. Surachai to the tune of THB 51 mn, their ad rates will double next year
Sells(s) THB 102 mn
- BTC – Looks like the largest shareholder (which is only 5%) of the company has sold out
SET halts trading ADAM as of afternoon session on 25 September. It has requested additional information about ADAM’s investment in Gee Tha for Bt800mn. Shareholders approved a capital increase and the sale of four subsidiaries. (Kao Hoon, 26/09/14)
EARTH India cancels coal blocks — BANPU, EARTH and AGE are optimistic on India’s decision to cancel most of its coal block. EARTH expects India to start importing more coal from Indonesia, up from its current orders of more than 2 million tons per year. (Kao Hoon, 26/09/14)
Comment: A positive trend for these 3 companies, if you want to rank the co’s in terms of capability 1. Banpu; 2. Earth; 3. AGE
Airport terminal faces delays – Don Mueang airport’s new passenger terminal will not be completed until next year due to delays in upgrading facilities, the Airports of Thailand (AoT) said yesterday. The AoT last year approved a Bt3.2bn budget to improve the airport, including a plan to almost double its capacity to serve 30mn passengers, up from 18.5mn a year. (Bangkok Post, 26/09/14)