Tag Archives: cm

Stocks in the news (banpu, brr, cm, dcorp, gunkul, jmart, l&e, nwr, perm, pstc, scn, tnp, tog, tsr, ttcl) 12.09.16

BANPU
BANPU expects 3Q16 net profit to be better than 2Q16’s Bt281mn thanks to higher coal price. It plans to invest in solar rooftop by negotiating with IEs, department stores and residences. (Thun Hoon, 12/09/16)
BRR
BRR’s board approved setting up an infrastructure fund for the power business of its two subsidiaries (Buriram Sugar and Buriram Power) with capacity of 19.8MW. It expects to use the funds to invest in new plants in Buriram and Surin. (Khao Hoon, 12/09/16)
Comment: Well that is an interesting development for a company firm. I’m not sure if 20 MW is enough for an infrastructure fund though…
 
CM
CM expects to complete a deal to set up a subsidiary in Myanmar by the end of this year. It plans to invest Bt700mn in a processing plant. It plans to expand to abroad. It expects 2016 revenue to be good on the back of the baht depreciation. (Thun Hoon, 12/09/16)
DCORP
DCORP expects to sign an MoU with a Chinese partner this week to invest in a mega project. It plans to invest in a 320MW solar farm in the Philippines. It expects net profit this year. It will also book revenue from a new service (energy saving management for private companies). It expects 2017 performance to be good on the back of the power business. (Thun Hoon, 12/09/16)
Comment: We’ve been reading a lot about these solar farm’s in the Philippines, last we checked the grid there is far worse than Thailand so we have our doubts on several of these projects going through.
 
GUNKUL
GUNKUL plans to take over 40-70MW Japanese solar farms. It also plans to submit bidding documents for a 20MW solar farm in Malaysia. It expects this to increase its total capacity to 420MW at the end of 2015. It expects its capacity to reach 1000MW within 2021. It expects 2016 revenue to grow 30% as targeted. (Thun Hoon, 12/09/16)
JMART
JMART expects 4Q16 sales to surge brought by launching iPhone7. It expects 2016 revenue to grow 30% as targeted. It expects to change to a holding company within 2017 after it reaches Bt10bn in assets. (Thun Hoon, 12/09/16)
Comment: We are more curious about their other businesses which are the key drivers versus just the phone sales. Plus when you’re up against someone like Com7 that is sweet with True or SPVI that is sweet with AIS, how can JMART continue to compete?

Continue reading Stocks in the news (banpu, brr, cm, dcorp, gunkul, jmart, l&e, nwr, perm, pstc, scn, tnp, tog, tsr, ttcl) 12.09.16

Management Trades 07/03 – 11/03

Notable Transactions

Buy(s) THB 598 mn

  • BIG – Some THB 160 mn bought by the two founders, a block purchase perhaps?
  • BA – And he continues to buy and buy and buy
  • BROOK – Hmmm BROOK … hmmm
  • SPALI – Typically whenever you see this family buying back their shares in SPALI, implies a very positive sign
  • BDMS – This time it’s another director buying the shares! Then…see below
  • SIRI – Someone else joining the President in buying back shares
  • CM – Are soy bean prices on the rise?
  • SAWANG – This represents ~7% of total shares, wonder what the story is here…

Sell(s) THB 231 mn

  • MEGA – We have never seen management buying in this name since its IPO…
  • BDMS – So he bought some shares @ 22.15 and then sold a portion of it @ 22.35, well ok…

mgmt_trades

 

Stocks in the news (ait, azay, bsm, cho, cm, eforl, epco, gunkul, irpc, malee, mc, ncl, plat, ps, pstc, pylon, sci) 16/11/15

AIT
AIT reported 3Q15 net profit of Bt148.84mn (+69.17%). Its 9-month net profit is Bt416.68mn. It expects to finish projects to reach target. (Thun Hoon, 16/11/15)
Comment: Astounding numbers from AIT, although given that Thailand’s government spending in this sector has been a bit slow last year it isn’t a surprise to see a decent recovery

AZAY
AZAY reported 9-month performance of 7% growth YoY. It expects to use digital system to increase sale efficiency. (Khao Hoon, 16/11/15)

BSM
BSM reported 3Q15 net profit of Bt7mn (+20%) YoY after an increase in sales. (Thun Hoon, 16/11/15)
Comment: I’ve always liked this company but never found the valuation to be attractive…

CHO
CHO is likely to not get its main expected NGV bus project since the project is expected to be canceled. (Khao Hoon, 16/11/15)
Comment: Quite the surprise for the CEO, he seemed rather adamant that he was going to be able to successfully win.

Continue reading Stocks in the news (ait, azay, bsm, cho, cm, eforl, epco, gunkul, irpc, malee, mc, ncl, plat, ps, pstc, pylon, sci) 16/11/15

Stocks in the news (advanc, ajd, arrow, bdms, bmcl, cen, city, cm, hmpro, inet, itd, kkp, nyt, planb, qlt, rs, sena, tae, tks, tta, tvt) 04.08.15

ADVANC
ADVANC reported 2Q15 net profit of Bt9.8bn (16% growth) backed by higher service revenue and mobile phone sales. It will pay a dividend of Bt6.5/share, XD on Aug 11. It revised down 2015 target growth from 3-4% to 3%. (Khao Hoon, 04/08/15)

AJD
AJD is talking to prospective Chinese partner (Alibaba) to invest in logistics and Ecommerce in Thailand. It is considering an alternative for this JV such as capital increase via PP, or setting up a subsidiary. It expects conclusion by the end of this year. (Thun Hoon, 04/08/15)
Comment: I have my doubts that Alibaba would partner with AJD

ARROW
ARROW expects 2Q15 earnings to be close to 1Q15’s Bt62.16mn. It is confident 2015 revenue will reach Bt1.2bn, backed by numerous orders. It has received BoI promotion for its product (tube for underground wire), which it plans to introduce in 3Q15. It targets revenue of Bt20mn from this product. (Thun Hoon, 04/08/15)
Comment: A wonderful grower in the past 2 years, the only question here is capacity constraint going to be an issue?

BDMS
BDMS expects 2Q15 earnings of Bt1.5bn aided by local and international patients. 2H15 net profit is expected to be higher than Bt3.7bn. (Khao Hoon, 04/08/15)

Continue reading Stocks in the news (advanc, ajd, arrow, bdms, bmcl, cen, city, cm, hmpro, inet, itd, kkp, nyt, planb, qlt, rs, sena, tae, tks, tta, tvt) 04.08.15

Stocks in the news (abc, ap, bec, BJC, cm, dtac, jmt, max, pf, ratch, chow, rwi, smart, svoa, tgpro) 15.09.14

ABC

ABC launches online shopping tomorrow. It is partnering with credit card companies to allow customers to exchange their credit card points for its online products and services through its website for items such as concert tickets and cell phones. (Kao Hoon, 15/09/14)
Comment: still doesn’t explain the current valuation of ABC, I do like the idea of credit points being able to be exchanged though.

AP

AP confident in a good 2H14 with more than Bt20bn in backlog expected to be booked. It also plans to launch eight new projects worth more than Bt7bn in 2H14. It reconfirms its presales and revenue targets this year. It expects 3Q14 presales of Bt6bn supported by the launch of three new projects. (Kao Hoon, 15/09/14)
Comment: a short post coming up Re their stock dividend.

BEC

BEC in talks to find solutions – Bangkok Entertainment Co (BEC), which operates Channel 3 analog programs, has submitted two options for the National Broadcasting and Telecommunications Commission (NBTC) to consider in its proposal to air analog content on a digital TV channel. (The Nation, 15/09/14)
Comment: I still look at this as the NBTC strong arming BEC to shift to digital

Continue reading Stocks in the news (abc, ap, bec, BJC, cm, dtac, jmt, max, pf, ratch, chow, rwi, smart, svoa, tgpro) 15.09.14