Tag Archives: ccp

Stocks in the news (advanc, ajd, amatav, bcp, ccp, delta, ea, ecf, ktc, ktis, malee, wha) 19.05.16

ADVANC
ADVANC will bid for 900MHz. It is ready to pay the guarantee of Bt3.78bn after getting backing from BBL and KBANK. The bidding will be on May 27 and first payment expected in June 2016. (Thun Hoon, 19/5/16)
Comment: Should be a non-event, my eyes are just turning towards 2Q #’s to see how competitive the fight for subscribers has been.
 
AJD
AJD reported 1Q16 net profit of Bt79.04mn, up 669.08% YoY, supported by more revenue from on-line top-up machines, set-top boxes and continued growth in its electricity ventures. It expects to sell 50,000 on-line top-up machines to support revenue growth 10-15% in 2016. (Thun Hoon, 19/5/16)
AKR
AKR expects 2Q16 earnings to be good supported by a corporate transformer job and bidding for EGAT transformers of more than Bt6bn. It is confident that revenue will grow 50% in 2016. (Thun Hoon, 19/5/16)
AMATAV
AMATAV sets 2016 revenue target of Bt1.4bn. It is confident that It will have transfers of 156 rai. It is negotiating to sell land 60 rai in 2Q16. It plans to develop an area in Vietnam. (Kao Hoon, 19/5/16)

Continue reading Stocks in the news (advanc, ajd, amatav, bcp, ccp, delta, ea, ecf, ktc, ktis, malee, wha) 19.05.16

Stocks in the news (aot, bjc, ccp, eforl, jas, mk, pjw, ppp, pttep, saw) 23.03.16

AOT
AOT to put Suvarnabhumi airport phase 2 up for auction, This project is valued at Bt16.7bn (Khao Hoon, 23/3/16)

BJC
Berli Jucker Plc’s (BJC) shareholders okay buying BIGC. Shareholders have voted in favour of a $6.2 billion acquisition of hypermarket operator Big C Supercenter Plc from France’s Casino Group, sources told Reuters. (The Nation, 23/3/16)
Comment: Boom and now they have BIGC in Thailand and Metro in Vietnam, don’t be surprised to hear about expansions into Laos and Cambodia next.

CCP
CCP is confident that 2016 revenue will reach Bt2.6bn with Bt2.485bn backlog. It plans to join auctions worth Bt3bn. (Khao Hoon, 23/3/16)

EFORL
EFORL handed letter to SEC regarding internal control of Wutthisak Clinic Inter Group. It is planning to list its subsidiary on the market. (Thun Hoon, 23/3/16)
Comment: Well priced in by the market for years…

Continue reading Stocks in the news (aot, bjc, ccp, eforl, jas, mk, pjw, ppp, pttep, saw) 23.03.16

Stocks in the news (apco, akr, ccp, dcon, dtac, gl, irpc lalin, lph, ori, pjw, pk, qtc, smart, snc, spcg, thana, tpoly) 10.02.16

APCO
APCO expects 2016 revenue to grow not less than 10% despite the slowdown in domestic purchasing power. It expects 2016 revenue to reach Bt450mn with a gross margin of 25%. It plans to increase its distribution channels through local retail stores. It is looking for a partner to build its network in Singapore, Malaysia, and Indonesia. (Thansetthakij, 10/02/16)
AKR
AKR targets 2016 revenue growth of 25% backed by robust earnings every quarter after it adjusted its strategy. It plans to focus on marketing campaigns and increase inventory in 1Q16. It plans to take part in PEA and MEA bids, valued at Bt6bn, in 2Q16. It expects the government to approve solar projects in March. (Thun Hoon, 10/02/16)
Comment: Again the issue with AKR is that there are just better companies doing the same business in the market. 
CCP
CCP got concrete orders on motorway project (Pattaya-Mabtaphut), valued at Bt500mn. This will increase its 2016 backlog. It expects 2016 revenue of to Bt2.6bn. It expects to benefit from public projects and property projects. (Khao Hoon, 10/02/16)
Comment: A Definitely beneficiary from all this infrastructure spending, but it seems rather priced in already
DCON
DCON expects 2016 revenue to reach Bt1.15bn aided by a larger customer base. Its management is okay with a capital increase as it will support fundamentals and decrease its D/E ratio to 0.2X. It is budgeting Bt400mn to buy land. It plans to pay a dividend at a payout ratio of not less than 25%. (Thun Hoon, 10/02/16)
Comment: Is DCON shifting further and further away from being a pure manufacturer of construction material to a property developer? 

Continue reading Stocks in the news (apco, akr, ccp, dcon, dtac, gl, irpc lalin, lph, ori, pjw, pk, qtc, smart, snc, spcg, thana, tpoly) 10.02.16

Stocks in the news (ccp, ecf, gold, nch, ptg, sappe, super, stec, tmill, tpch, tsr, tvd, tvo, vng, xo) 08.02.16

CCP
CCP expects public projects to fill its backlog this year after orders for motorway projects are added to its backlog. It expects to get private projects, which will increase its gross margin to 5%. It expects the Thai-China dual-track project to progress. (Thun Hoon, 08/02/16)

ECF
ECF expects solar farm ECF-Tamado Energy GK in Japan to contribute revenue soon after operational startup. For the furniture business, it expects to expand its market at home and abroad by increasing distribution channels. It expects revenue from its core business to grow 10- 12%. For its retail business, 100 Yen Can do, It plans to open booths in 10 department stores. (Thun Hoon, 08/02/16)

GOLD
GOLD plans to set up Bt10bn REIT, selling Sathorn Square and Park Venture into it. It expects a decision to be made by 1Q16. It expects this to gain Bt4.5bn in cash. It expects its FYI office center to contribute Bt631mn in revenue in this year. (Thun Hoon, 08/02/16)
Comment: That’s slightly inaccurate reporting, it’s UV and GOLD together setting up a REIT and it should be completed shortly.

NCH
NCH expects 1Q16 earnings to be good, backed by property incentives. It targets 2016 revenue of Bt2bn driven by transfers. It plans to launch a Bt2bn new project. (Thun Hoon, 08/02/16)
Comment: Arguably this is the last decent quarter that developers may show profit wise for the year, although given that pre-sale launches were minimal over the past 2 years since the coup, some are betting that we’ll begin to see huge presale #’s this year.

Continue reading Stocks in the news (ccp, ecf, gold, nch, ptg, sappe, super, stec, tmill, tpch, tsr, tvd, tvo, vng, xo) 08.02.16

Stocks in the news (acap, ccp, centel, crane, forth, gl, irpc, lit, mjd, ppp, ps, sawad, smart, tasco) 07.01.16

ACAP
ACAP expects 2016 performance to turn around aided by recovery in every business. It expects its loan portfolio to reach Bt2bn this year. It expects 4Q15 earnings to be the best backed by business restructuring and its loan growth. (Thun Hoon, 07/01/16)
Comment: We do wonder what else the new shareholder is going to be doing with ACAP, it does have a decent balance sheet

CCP
CCP targets 2016 revenue of Bt2.6bn (from Bt2.4bn in 2015) with net margin of over 4%. It has budgeted Bt150mn to improve its machinery and increase capacity. Its backlog is Bt2.4bn. (Khao Hoon, 07/01/16)

CENTEL
CENTEL expects 2015 revenue to achieve target of Bt19bn, with more growth in 2016. It plans to expand both food and hotel businesses. It expects to get 8-10 hotel management contracts each year. It will hold a roadshow in Singapore this week. (Khao Hoon, 07/01/16)
Comment: Still a B-grade version of MINT but their hotel side will always continue to perform well.

CRANE
CRANE is budgeting Bt200mn to invest in new equipment. It expects 2016 revenue growth of 25% on the back of a boom in construction. It plans to take part in project bidding. (Thun Hoon, 07/01/16)
Comment: There’s always been hidden value in the CRANE and it’s been well known for monkey years.

Continue reading Stocks in the news (acap, ccp, centel, crane, forth, gl, irpc, lit, mjd, ppp, ps, sawad, smart, tasco) 07.01.16

Stocks in the news (bkd, brr, ccet, ccp, chow, drt, jwd, lhsc, kcm, pcsgh, pttgc, spa, super, svi, tae, tasco, top, tpch, xo) 11.11.15

BKD
BKD reported 3Q15 earnings growth of 107%. It expects 2015 revenue to mark new high. It has completed up a roadshow in Hong Kong with CLSA with good feedback. (Khao Hoon, 11/11/15)
Comment: I just don’t understand how they were able to grow as well and whether or not it is sustainable.

BRR
BRR says investors from Singapore are interested in its shares because of its strong fundamentals. It will hold a site visit on December. It has budgeted Bt800mn to invest in ethanol and biogas power plants. It expects 2015 revenue to reach new high backed by high sugar orders and the power business. (Thun Hoon, 11/11/15)
Comment: Nobody loves sugar no matter how sweet it is.

CCET
CCET reported 3Q15 net profit of Bt479.24mn (+124.47%YoY). 9M15 net profit is Bt1.09bn (+138.47%YoY). (Post Today, 11/11/15)
Comment: A weakening thai baht is +ve for all of electronic manufacturers, except perhaps SVI as the majority of their customers are based in Europe (albeit Scandinavia)

CCP
CCP expects 2H15 earnings to be good after the rainy season has passed. It plans to expand to neighboring countries as it
has got order from Cambodia. It backlog is Bt2.3bn. It plans to take part in Bt1bn biddings of which 50% is expected to be awarded. (Thun Hoon, 11/11/15)
Comment: It appears for CCP that a lot of the potential future projects have already been priced in for quite a while

CHOW
CHOW expects 3Q15 earnings to grow 1200%YoY on the back of revenue from construction and power business. It expects 3Q15 revenue of Bt800mn with Bt65mn net profit. 4Q15 is expected to be good backed by solar farm phase2. It expects 2016 revenue of Bt3bn with Bt500mn net profit. (Thun Hoon, 11/11/15)

Continue reading Stocks in the news (bkd, brr, ccet, ccp, chow, drt, jwd, lhsc, kcm, pcsgh, pttgc, spa, super, svi, tae, tasco, top, tpch, xo) 11.11.15

Stocks in the news (akr, ccp, cpn, gcap, gunkul, major, mill, nusa, ps, sawad, samtel, vgi) 21.09.15

AKR
AKR is looking for prospective partner to invest in solar power. It plans to ask for a 20MW PPA this year. It expects 2015 revenue to be lower than 2014’s as construction of a solar farm has been delayed. It expects 2016 revenue of Bt3.2bn (+60%). (Thun Hoon, 21/09/15)
Comment: AKR has been a dog of business for as far back as I can remember, yes it may have some decent engineers in house, but the performance versus TRT and QTC was always lagging.
CCP
CCP expects 2H15 earnings to be good aided by Bt2.3bn in backlog, of which 70-80% is expected to be booked within six months. It expects to benefit from public investment in 2016. (Thun Hoon, 21/09/15)
Comment: A far smaller player but one that should benefit from infrastructure, shame about the valuation.
CPN
CPN plans to invest in three condominiums: in Chiang Mai, Khon Kaen and Rayong, worth Bt4bn. It plans to start its construction on 2Q16 and finish in 2Q18. It expects this to generate profit of Bt610mn. (Khao Hoon, 21/09/15)
GCAP
GCAP expects to emphasize secured and unsecured loans with a focus on existing customers in 2H15. It has signed an MoU with partners to launch new loans. It expects loan a portfolio of Bt900mn, which is close to last year’s. (Thun Hoon, 21/09/15)

Continue reading Stocks in the news (akr, ccp, cpn, gcap, gunkul, major, mill, nusa, ps, sawad, samtel, vgi) 21.09.15

Stocks in the news (asimar, ba, ccp, ci, eforl, gfpt, kiat, ktb, lanna, match, ncl, paf, ple, solar, stpi, tasco, ticon, true, vng) 24.08.15

ASIMAR
ASIMAR says it is looking for a partner. It targets 2015 revenue of 15-20% as it expects to get two more jobs in 3Q15-4Q15. It expects to book revenue from two Cambodian ships. It plans to focus on ship maintenance jobs to increase margin from 10-30% to 50%. (Thun Hoon, 24/08/15)
Comment: ASIMAR has been looking for a partner for…years now.

BA
Management is considering investing in an aircraft maintenance depot offering area for
rent at Suvarnabhumi airport with a budget of Bt500-1000mn. It expects this to be finalized in 2015. (Post Today, 24/08/15)
Comment: Again the only value in BA, other than its monopoly in Samui is it’s holdings in BDMS, similar to CPF and CPALL

CCP
CCP is confident 2H15 net profit will be higher than 1H15. Its backlog is Bt2.3bn, of which it expects to book 60-70% this year. It is talking with a prospective partner to export to Myanmar and Laos, expecting this to be finalized in 4Q15. (Khao Hoon, 24/08/15)

CI
CI expects to revise up 2015 revenue growth to 20% from 2014’s Bt1.69bn aided by transfers. It plans to launch three projects with a total value of Bt3bn, which it expects will raise backlog from Bt5bn. It plans to set up a Bt1.5bn REIT in 2016. (Thun Hoon, 24/08/15)

Continue reading Stocks in the news (asimar, ba, ccp, ci, eforl, gfpt, kiat, ktb, lanna, match, ncl, paf, ple, solar, stpi, tasco, ticon, true, vng) 24.08.15

Stocks in the news (amata, brr, ccp, dcon, dtac, epg, gunkul, iec, major, pf, ptt, pttgc, sithai, super, tkt, tsth, tvo, wha) 21.08.15

AMATA
AMATA expects to sell 200 rai of land in 3Q15. It plans to sell assets in Vietnam to AMATAR. It plans to hold a roadshow for AMATA VN around Oct-Nov, with listing on the SET in 4Q15. It is budgeting Bt2bn to invest in industrial estate Amata Vietnam. (Khao Hoon, 21/08/15)
Comment: I personally think AMATA has been one disappointing investment in the past 2 years, despite land sales doing ok, the REIT and the listing of AMATAVN, the stock price hasn’t performed, thank the stars for HEMRAJ/WHA
BRR
BRR expects double-digit net profit growth this year on the back of sales and revenue from the power business. (Khao Hoon, 21/08/15)
CCP
CCP is talking with prospective partner to expand to Myanmar and Laos. It expects this expansion to contribute revenue in 4Q15. It expects to get 60-70% of jobs valued at Bt700-800mn, which will raise its backlog from Bt2.3bn. It has budgeted Bt200mn to increase capacity to handle the high number of orders. (Thun Hoon, 21/08/15)
Comment: Given that they are a small company, any infrastructure works should have a rather positive impact on earnings
DCON
DCON has budgeted Bt400mn to buy land for a condo project. It plans to launch a Bt1.5bn project at Sai Mai in 2016. It expects to benefit from government investment. It expects to complete a deal for a biomass power plant in 4Q15. (Thun Hoon, 21/08/15)
Comment: The story is now well brokered for DCON 

Continue reading Stocks in the news (amata, brr, ccp, dcon, dtac, epg, gunkul, iec, major, pf, ptt, pttgc, sithai, super, tkt, tsth, tvo, wha) 21.08.15

Stocks in the news (advanc, bcp, ccp, ckp, cpn, css, drt, dtac, gunkul, hmpro, ifec, irpc, ivl, mtls, ocean, qh, sgp, singer, snc, spcg) 11.08.15

ADVANC
ADVANC is talking to TOT to become a business partner; it expects this to be finalized in August. ADVANC is ready to bid for both 1800 and 900 spectra in the 4G auction. It plans to expand its market in 2H15. It targets 2015 revenue growth of 3%. (Khao Hoon, 11/08/15)

BCP
BCP targets run at rate of 110,000 bpd despite the fall in oil price. It targets 2014 EBITDA of Bt10.4bn as it achieved 72% of its target in 1H15. (ASTV, 11/08/15)

CCP
CCP’s backlog is Bt2.3bn and it expects to bid for more, especially local government jobs and private projects. It expects 2015 revenue to be close to 2014 Bt2.6bn. It expects to benefit from dual track and high speed train projects. (Thun Hoon, 11/08/15)
Comment: Another beneficiary from the potential infrastructure projects

CKP
CKP has accelerated construction of Bang-Pa-In and Xayaburi hydroelectric power plants. It expects 2Q15 earnings of Bt131.02mn compared to 2Q14’s Bt35.38mn. (Thun Hoon, 11/08/15)
Comment: We still believe that its fairly priced despite all this earnings growth, there’s nothing really new to report from this co for the time being

Continue reading Stocks in the news (advanc, bcp, ccp, ckp, cpn, css, drt, dtac, gunkul, hmpro, ifec, irpc, ivl, mtls, ocean, qh, sgp, singer, snc, spcg) 11.08.15