Tag Archives: ckp

Stocks in the news (anan, ba, ckp, egco, gtb, inet, itel, jas, lalin, lpn, major, nwr, singer, tfd, twpc) 27.09.16

ANAN
ANAN expects to launch five projects with a total value of Bt13bn in 4Q16 which it believes will lift 2016 presales to reach its target of Bt22bn. Presales are now at Bt14.3bn and backlog at Bt38.5bn. It will book revenue of Bt12bn in 2H16. (Kao Hoon, 27/09/16)
Comment: Same story as yesterday and as it has been for past the 12 months 
 
BA
BA expects 2Q16 earnings to be good, supported by high season. It says prebooking will be over 13% and expects 2016 net profit to be a new high. It targets 2016 revenue growth of no less than 10% and passenger load to reach 70%. ( Thun Hoon, 27/09/16)
CKP
CKP share price surged due to expectation of a 2H16 profit of over Bt300mn or growth of 53% YoY, driven by more capacity from Nam Ngum 2. (Kao Hoon, 27/09/16)
Comment: I’m only thinking when will they sell things off to a fund of sorts, otherwise the valuation is a bit rich for my liking.
 
EGCO
EGCO is working with a partern to take over geothermal power plants in Indonesia and the Philippines. It expects to wind up the deal in November. It expects 3Q16 earnings growth as it books revenue from Khanom power plant 4. ( Thun Hoon, 27/09/16)
GTB
GTB targets 2016 revenue growth of 8%. It has backlog of Bt700mn and expects to book revenue of Bt500mn in 2H16. It expects to get a new job worth of Bt80mn soon. It targets an increase in revenue from abroad to 20% within three years. (Kao Hoon, 27/09/16)

Continue reading Stocks in the news (anan, ba, ckp, egco, gtb, inet, itel, jas, lalin, lpn, major, nwr, singer, tfd, twpc) 27.09.16

Stocks in the news (ap, ckp, delta, ksl, mc, mjd, pm, prin, q-con, rjh, spa, tcmc, tpipl, trt, tu, wha) 22.09.16

AP
AP is confident that low-rise project revenue and presales will hit target. It reports revenue from low-rise of Bt6.14bn in 1H16 and will realize Bt5.68bn in 2H16. (Thun Hoon, 22/09/16)
CKP
CKP expects profit of Bt300mn in 2H16 supported by more capacity from Nam Ngum 2. (Kao Hoon, 22/09/16)
Comment: Now would they consider flipping this into an infra REIT? Are the rules there by the SEC for this happen?
 
DELTA
DELTA has received more orders, which will support 2H16 earnings. It maintains its target revenue growth of 10% from last year backed by customer expansion. It has budgeted Bt1.12bn to set up a production base and R&D facility in India. (Thun Hoon, 22/09/16)
KSL
KSL expects 4Q16 earnings to be good supported by a surge in sugar price and the rise from bottom for its ethanol business. It plans to bid for a biomass power plant contract. (Thun Hoon, 22/09/16)
Comment: The only thing driven these names are the sugar prices
 
MC
MC expects 2H16 revenue to be good supported by campaigns and high season. It is confident that 2016 revenue will grow 15%. It has a plan to add 1 branch in Laos. (Kao Hoon, 22/09/16)
Comment: I still think that they have one of the worst inventory days turnover that I’ve seen amongst nearly every retailer in the region.

Continue reading Stocks in the news (ap, ckp, delta, ksl, mc, mjd, pm, prin, q-con, rjh, spa, tcmc, tpipl, trt, tu, wha) 22.09.16

Stocks in the news (ajd, banpu, bbl, ckp, drt, gfpt, mill, qtc, samart, sat, scc, sci, sena, tkn, true, ureka, vpo) 20.04.16

AJD
AJD targets top-up machines of 50,000 at the end of this year after yesterday reaching 10,000 machines. It plans to offer more services via its top-up machines in 2H16, such as ordering merchandise from the 7-Eleven catalog, insurance payments, etc. (Khao Hoon, 20/14/16)
Comment: We still have our doubts on their ability to execute, after all the incumbent FSMART is still continuing to dominate the country
 
BANPU
BANPU plans to take a step into upstream unconventional gas by acquiring 29.4% stake in the low-cost Chaffee Corners Joint Exploration Agreement (JEA) operation in the northeast section of the Marcellus Shale in Pennsylvania in US for US$112mn. (SET, Khao Hoon, 20/14/16)
BBL
BBL reported 1Q16 net profit of Bt8.31bn from Bt9.40bn in 1Q15, affected by higher provisions. This brought EPS to Bt4.36/share from Bt4.93/share in 1Q15. (Khao Hoon, 20/14/16)
Comment: I do wonder how many more times we shall hear, “it’s ok to have rising NPLs because we have provisioned for them already”
CKP
CKP targets capacity of 5,000MW in 2025 from 2,160MW now. It plans to focus on expanding in Thailand, Laos, and Myanmar. Its board approved issuing a Bt10bn debenture, with subscription expected in 2H16. (Khao Hoon, 20/14/16)

Continue reading Stocks in the news (ajd, banpu, bbl, ckp, drt, gfpt, mill, qtc, samart, sat, scc, sci, sena, tkn, true, ureka, vpo) 20.04.16

Stocks in the news (ckp, dna, fvc, net, mono, npp, snc, spcg, sutha, synex, trc, tvd) 05.02.16

CKP
CKP expects 4Q15 earnings to mark new high of Bt220mn to bring 2015 profit to Bt470mn. (Khao Hoon, 05/02/16)
Comment: All part of the company’s plans since their IPO a few years back
DNA
DNA expects to wipe out retained losses of Bt219.31mn within two years and restructure its business organization to focus on the power business. It expects 2016 earnings to turn around backed by a Bt100mn water management project and sport contents business. (Thun Hoon, 05/02/16)
Comment: The owner has privately joked many a time that he’s made more $ on the stock price than he has with the business, would you want to invest in a company like this?
FVC
FVC expects robust revenue of Bt400mn in 2016. It has budgeted Bt100mn to invest in two dialysis centers. It expects this to contribute Bt70mn revenue each year. It is confident 2016 net margin will be higher than last year. (Thun Hoon, 05/02/16)
NET
NET expects to get Bt20bn project to set up networks in villages. It expects to benefit from 4G. It expects 2016 performance to be good aided by launching new product lines, focus on data centers, and expand to CLMV. (Thun Hoon, 05/02/16)

Continue reading Stocks in the news (ckp, dna, fvc, net, mono, npp, snc, spcg, sutha, synex, trc, tvd) 05.02.16

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

Renewable sources to hit record

The growth of the renewable sector Thailand has been remarkable to say the least, here are some key facts:

  • The capacity of renewable energy for electricity generation has been rising substantially and is expected to reach a record high of 9,200 megawatts by year-end, according to the Department of Alternative Energy Development and Efficiency.
  • As of May, domestic hydropower plants provided about 3,000 MW, followed by biomass (2,500), solar farms (1,300), biogas (326) and wind farms (225).
  • Mini hydropower plants provide 142 MW, while waste-to-energy plants contribute 75 MW.
  • The capacity to generate power from renewable sources is expected to be limited from next year due to the country’s limited transmission lines. Thailand is expected to have extra capacity of only 800 MW from 2016-18.
  • Under the Renewable Energy Development Plan, Thailand will be able to generate power from renewable sources of 19,600 MW by 2036 when total capacity from all sources is due to rise to 50,000 MW.

Source: Bangkok Post

So who are the key players? Well off the top of my head you have EA, SPCG, GUNKUL, SOLAR, DEMCO, IFEC, TSE, EGCO, RATCH, UAC, TPCH, CKP and several several several several others. Now there’s still at least 10,000 MW worth of new renewable projects to be given out, so this entire sector is going to continue to growing well for the next 20 years now the fun part is to understand which one of the aforementioned names are going to have the capacity necessary to fully capitalise on Thailand’s long term push for renewable energy.

Stocks in the news (bdms, ckp, demco, emc, focus, fsmart, gold, maco, pf, ps, pylon, qh, rojna, slp, sricha, tae, tmb, tmi) 20.04.15

BDMS
Expects 12% growth in 2015. It plans to invest Bt6.0bn in order to expand the number of hospital to 50. 1Q15 earnings will grow due to an increase in the number of clients (Khao Hoon, 20/04/2015)
Comment: Despite a relatively tepid growth rate, these valuation levels still hold because 1) It’s the biggest and arguably the best hospital play in Thailand 2) It is the only hospital group that has proven its ability to continue expanding well 3) They are still actively looking for M&A deals

CKP
Split par from Bt5 to Bt1, effective April 20. This will increase the number of shares from 1.1bn to 5.5bn. (Khao Hoon, 20/04/15)
Comment: Retail will love this!

DEMCO
Issues clarification of news – Khun Phongsak Sirikoop, CEO and M.D. of DEMCO clarifies news printed in a local paper: 1) It has not yet announced 1Q earnings. 2) It has not provided any information with regards to the process of selling Khun Nopporn’s shares. 3) It has also not released information regarding the purchaser of WEH stock in an equal proportion to Khun Nopporn’s shares. (Khao Hoon, 20/04/15)
Comment: Again the main item for DEMCO is whether or not WEH can be listed, once its solved the stock price may again head back up to high teens

Continue reading Stocks in the news (bdms, ckp, demco, emc, focus, fsmart, gold, maco, pf, ps, pylon, qh, rojna, slp, sricha, tae, tmb, tmi) 20.04.15

FTSE index rebalance

There was a FTSE index re-balancing that occurred on Friday, here’s the breakdown:

  • Large cap inclusion: TRUE (from mid cap); exclusion: BAY.
  • Mid cap inclusion: none; exclusion: TRUE (from large cap).
  • Small cap inclusion: CK, BMCL, SUPER, GUNKUL, GFPT, TICON, CHG, CKP, KCE; exclusion: CPNRF, SUC.
  • All-world inclusion: none; exclusion: BAY.
  • All-Cap (LMS) inclusion: CK, BMCL, SUPER, GUNKUL, GFPT, TICON, CHG, CKP, KCE; exclusion: BAY, CPNRF, and SUC.

FTSE Global Equity Index Changes

Hot off the presses:

The FTSE Global Equity Index Semi-Annual Review which will take place as of the close of Mar 20, 2015.

BAY will be removed from FTSE All-World and FTSE Large-Cap and TRUE is upped to Large Cap from Mid Cap.

FTSE Large Cap: Add: TRUE
Delete: BAY

FTSE Mid Cap: No addition
Delete: TRUE

FTSE Small Cap: Add: CK, BMCL, SUPER, GUNKUL, GFPT, TICON, CHG, CKP, KCE
Delete: CPNRF, SUC

FTSE All-World: No addition
Delete: BAY

Stocks in the news (ait, aot, beauty, ckp, ea, genco, ktc, major, ptt, ps, sat, super, tipco) 19.02.15

AIT
AIT sets a revenue growth target at 10% to Bt6.8bn with backlog on hand of Bt2bn. The firm also has potential projects of Bt10bn that will come up for bidding this year. (Khao Hoon, 19/02/15)
Comment: This company still continues to confound me with its consistent growth, with its capital increase 2 years ago, they are still able to maintain a damn consistent growth path. Well done to management.

AOT
Board says ‘no’ to infrastructure fund — AOT’s board decided not to set up an infrastructure fund to raise money for the second phase at Suvarnabhumi, saying the cost of setting up the infrastructure fund is high and the firm still has ample liquidity. AOT will reduce the cost of the project to Bt61.7bn from Bt62.5bn (Khao Hoon, 19/02/15)
Comment: Would you believe that this stock price is up 10x in the past 4/5 years? Actually a clever decision on the part of the board (a first!), they do have some THB 44 bn in cash on the balance sheet, so well done to them in actually choosing the correct path.

BEAUTY
BEAUTY expects strong 1Q15 compared with 1Q14 as they see rising demand following the political unrest last year. The firm is set to open about 15 new shops in CLMV countries. (Khao Hoon, 19/02/15)

Continue reading Stocks in the news (ait, aot, beauty, ckp, ea, genco, ktc, major, ptt, ps, sat, super, tipco) 19.02.15