Tag Archives: color

Stocks in the news (abc, aqua, atp30, banpu, chow, ck, color, cwt, ekh, epco, jsp, jwd, htc, ktc, max, ncl, sappe, solar, sr, tk, tkn, tsth, uac) 17.08.16

ABC
ABC is confident that 2016 will turn around and targets 2016 revenue of Bt2bn. It plans to launch Above Sukhumvit 39 project on Sep 9 and hold a grand opening for ABC World on Dec 12. (Kao Hoon, 17/08/16)
Comment: Will this condominium be sold via their online channels with pet stores and solar panels?
 
AQUA
AQUA reported 2Q16 profit of Bt92mn or growth of 38% YoY and 1H16 profit of Bt172mn. (Kao Hoon, 17/08/16)
ATP30
ATP30 expects to get Bt500mn in projects, with finalization in August. It expects this to increase revenue by 30%. It targets 2016 revenue to grow 15% to Bt300mn supported by large orders and cost control. (Thun Hoon, 17/08/16)
BANPU
BANPU has set its five year investment plan at US$557mn, with a focus on the power business. It expects net profit to return to the black this year with an EBITDA of US$500mn. It plans to implement cost control as well as improve production and logistics efficiency. It expects coal price to be better in 2H16 and for the coal business to contribute revenue of US$2.2bn. (Thun Hoon, 17/08/16)
CHOW
CHOW reported significant earnings growth in 1H16 backed by recovery in the steel industry and its Japan power plant. It expects 2016 revenue to be good brought by steel business and power business, of which 80MW is being constructed. (Thun Hoon, 17/08/16)

Continue reading Stocks in the news (abc, aqua, atp30, banpu, chow, ck, color, cwt, ekh, epco, jsp, jwd, htc, ktc, max, ncl, sappe, solar, sr, tk, tkn, tsth, uac) 17.08.16

Stocks in the news (banpu, color, crane, nep, prin, ratch, sithai, spali, tkn, tndt, tog, vte, wha) 30.06.16

BANPU
BANPU expects 2Q16 earnings to be good backed by Hong-Sa power plant. It expects its 78.5MW solar farm in China to contribute revenue in 2H16. It plans to acquire more coal mines. (Thun Hoon, 30/06/16)
Comment: I have this awful feeling in my stomach that banpu could pull a thai airways despite the #’s not justifying it.
COLOR
COLOR expects 2Q16 earnings to be good backed by higher sales. It targets market share of 25% with capacity of 45,000tons/day. It expects net profit to mark a record high. (Thun Hoon, 30/06/16)
CRANE
CRANE expects large orders from Suvarnabhumi phase 2 and the east-west economic corridor. It expects to show net profit in 2H16. It expects 2016 revenue to grow 10% from last year’s Bt902.16mn driven by uptrend in construction. (Thun Hoon, 30/06/16)
Comment: Well they should be busy with renting out their cranes for all these infra projects too.
NEP
NEP plans to restructure by takeovers and JVs. It is budgeting Bt60mn to buy equipment in order to increase its capacity for high-margin products. It expects net profit to get back in the black soon and will apply dividend policy of 50% payout ratio. (Thun Hoon, 30/06/16)

Continue reading Stocks in the news (banpu, color, crane, nep, prin, ratch, sithai, spali, tkn, tndt, tog, vte, wha) 30.06.16

Stocks in the news (anan, atp, color, gunkul, inet, jas, jmt, ktis, ncl, phol, ptg, richy, sena, singer, tkn, tmill, vgi, xo) 18.03.16

ANAN
ANAN has achieved Bt3.6bn in presales from Aston Silom Condo (60% of total). It is interested in joining the “Baan Pracharat” project. It targets 2016 sales of Bt21bn. (Khao Hoon, 18/03/16)
Comment: According to management, they are going to report slower pre-sales than before because they’ll hold some inventory to make more $

ATP
ATP targets 2016 revenue of Bt310mn (15% growth). It is talking with four clients, with a decision expected by 2Q16. This will increase its clients to 30. It has put off its plan to acquire a hazardous waste handler. (Khao Hoon, 18/03/16)

COLOR
COLOR targets 2016 revenue to grow 7-8%, backed by numerous orders. It expects exports to comprise 20%, focusing on ASEAN, Australia, and Europe. (Khao Hoon, 18/03/16)

GUNKUL
GUNKUL reports its subsidiary that is engaged in the wind power business began operations at its wind power plants (Sub-Plu Wind farm1&2) on March 17. (Khao Hoon, 18/03/16)

INET
INET expects to benefit from government IT plans in 2Q16 including village internet, digital economy, 4G, and educational and corporate Internet. It expects to get cloud solutions and data center projects. It expects new clients to reach 700 companies. It expects 2016 revenue to be higher than Bt800mn. (Thun Hoon, 18/03/16)
Comment: The digital economy story has gone quiet for a while but companies such as INET, ILINK and even WHA are going ahead with building data centers.

Continue reading Stocks in the news (anan, atp, color, gunkul, inet, jas, jmt, ktis, ncl, phol, ptg, richy, sena, singer, tkn, tmill, vgi, xo) 18.03.16

Stocks in the news (big, bjchi, color, dcorp, demco, delta, eason, mill, planb, pps, qtc, scc, seaoil, sr, tcmc, thai, tipco, tpark, trubb) 14.01.16

BIG
BIG is budgeting Bt200-150mn to expand its business by opening more branches. It expects 2015 revenue to mark a record high and to pay its first dividend. It expects 2016 earnings to be good. (Thun Hoon, 14/01/16)
Comment: I’ve been surprised by their continuing positive performance but I still have doubts on their sustainability

BJCHI
BJCHI’s board has approved the share repurchase program for the purposes of financial management. It has set the maximum at not exceeding Bt250mn, equal to 40mn shares (2.5% of registered shares). It expects this to confirm its good outlook in the minds of investors and to give them the message that current share price is undervalued. It targets 2016 revenue growth of 15%. (Thun Hoon, 14/01/16)
Comment: Oil price drop? Who cares! Obviously not BJCHI’s board with their announcement yesterday to do a share buyback.

COLOR
COLOR targets 2016 revenue growth of 7-8% backed by Bt150mn in transfers contributing revenue in 2Q16. It expects to take part in upcoming bids. It plans to expand to ASEAN, Australia, and Europe. (Khao Hoon, 14/01/16)

DCORP
DCORP signed contract with Yingli Solar to set up a solar cell plant for Bt689mn. It expects this to start up by 2H16. (Thun Hoon, 14/01/16)

DEMCO
DEMCO expects 2016-2017 revenue to grow driven by construction, steel structure, and service businesses. It expects 2016 revenue of Bt6-6.5bn. (Post Today, 14/01/16)
Comment: Effectively 4Q15 was crap, 1Q16 will be crap and in a perfect world 2Q16 returns to normal.

Continue reading Stocks in the news (big, bjchi, color, dcorp, demco, delta, eason, mill, planb, pps, qtc, scc, seaoil, sr, tcmc, thai, tipco, tpark, trubb) 14.01.16

Stocks in the news (ah, bkd, chow, color, dcon, dna, fpi, jmart, ml, modern, ptg, sgp, tpoly, trc, trubb, utp) 30.11.15

AH
AH expects 2016 revenue growth of 5-10% thanks to new car models. It expects gross profit margin to be good when it implements cost control. It has budgeted Bt400mn to acquire a business next year. It has cash on hand of Bt800-1,000mn. (Khao Hoon, 30/11/15)
Comment: This has been a dog of stock for the past few …… actually the past 10 years.

BKD
BKD is talking to a partner to handle a property project abroad which it expects to finalize this month. It expects to get a Bt400mn project in Myanmar. It expects 2016 revenue to grow not less than 20% from 2015’s Bt1.3bn target. (Thun Hoon, 30/11/15)

CHOW
CHOW says its 11MW Japan solar power plant started up on November 20 and will contribute good revenue. It expects the power business to be a key driver for company growth. (Thun Hoon, 30/11/15)
Comment: The expansion to Japan has continued to a boon for CHOW, along with GUNKUL, they are one of the few companies to continue growing this way.

COLOR
COLOR expects 4Q15 earnings to be good backed by numerous orders. It expects to show a net profit this year. It expects 2016 revenue growth of 4-5% after expanding abroad. (Khao Hoon, 30/11/15)

DCON
DCON is talking to a prospective partner to expand its market in Cambodia. It plans to ask approval for its 2016 business pan in December. It plans to do a capital increase in order to acquire new land that will support its property business. (Thun Hoon, 30/11/15)
Comment: Well the story for DNA has played out as we had expected in the past few years, earnings have peaked due the condo transfer and now it’s returned to trading at a fair value for its core business

Continue reading Stocks in the news (ah, bkd, chow, color, dcon, dna, fpi, jmart, ml, modern, ptg, sgp, tpoly, trc, trubb, utp) 30.11.15

Stocks in the news (asimar, bmcl, color, cpall, global, intuch, ps, malee, mint, npp, nusa, scn, ssi, stanly, tfd) 05.10.15

ASIMAR
ASIMAR expects to bid for a Bt1bn ship building contract. It plans to increase capacity by set up a third floating dock. It expects 3Q15 earnings to be good aided by transfers. (Thun Hoon, 05/10/15)

BMCL
BMCL expects growth in 3Q15 earnings backed by increasing passengers. It expects 300,000 passengers/day. It expects to show a net profit in 2016 after the MRT Purple Line begins contributing revenue in 4Q15. (Thun Hoon, 05/10/15)
Comment: The moment that BMCL can expand its lines from its existing ~20km to just even 30km then it’ll finally become a profitable company.

COLOR
COLOR expects 2015 revenue to mark a record high thanks to high demand and lower oil price. It expects 5% growth in 2015 revenue. It plans to increase exports to comprise 20% from 18- 19% now. (Thun Hoon, 05/10/15)

CPALL
CPALL expects 2H15 earnings to be better aided by a marketing campaign, recovery in purchasing power, and seasonality. (Khao Hoon, 05/10/15)
Comment: Again the story here is purely if and/or when they’ll sell their stake in MAKRO to the market.

Continue reading Stocks in the news (asimar, bmcl, color, cpall, global, intuch, ps, malee, mint, npp, nusa, scn, ssi, stanly, tfd) 05.10.15

Stocks in the news (ap, bigc, bkd, bts, cho, color, cpf, delta, earth, gc, gpsc, ktb, ktp, mtls, planb, samart, tgpro, tluxe, tpch, tvo) 27.07.15

AP
AP expects 2015 net profit to mark a record high of Bt25.3bn. It targets presales of Bt28.3bn and already has Bt18bn. It expects to launch 15 new projects throughout the rest of the year, worth Bt24bn. (Khao Hoon, 27/07/15)
Comment: Quite interesting that despite this economic malaise, AP is able to recognise revenue (the headlines are wrong) at such a high level.

BIGC
BIGC reported 2Q15 earnings of Bt1.9bn (1.4% growth) backed by adding stores, marketing campaigns and cost control. (Khao Hoon, 27/07/15)
Comment: BIGC themselves admit that Thailand is no longer a growing retail market, it has all the hallmarks of a developed retail market and the only focus that they have is cost cutting cost cutting cost cutting.

BKD
BKD expects 2Q15 earnings to be robust (+279%YoY). It is ready for upcoming bids which are expected to raise its backlog to a record high. (Thun Hoon, 27/07/15)

BTS
Management says it expects 5-7% revenue growth for the next two years and expects profit to surge in 2018. (Post Today, 27/07/15)

Continue reading Stocks in the news (ap, bigc, bkd, bts, cho, color, cpf, delta, earth, gc, gpsc, ktb, ktp, mtls, planb, samart, tgpro, tluxe, tpch, tvo) 27.07.15

Stocks in the news (aav, aeonts, aq, bmcl, brr, centel, color, eason, ee, gunkul, hmpro, mcs, ndr, perm, rwi, salee, sat, sim, sithai, thana, vng) 13.07.15

AAV
AAV has no impact from China stock market woes. It is ready to open four new routes from U-Tapao and Don Muang to various cities China in 4Q15. It is confident that 2H15 will be robust supported by a 14.5mn passengers. (Kao Hoon, 13/7/15)
Comment: The stock market in China naturally doesn’t have any impact on AAV’s earnings.
AEONTS
AEONTS expects loan growth of 8-10% in 2015 even though 1H15 was slow. In the 2H15 the outlook is better as the economy improves. (Kao Hoon, 13/7/15)
Comment: AEONTS was typically one of the stalwarts that consistently grew year in year out, that is until this year of course. Could they turnaround this year? Doubt it. But still a nicely conservatively run business here.
AQ
AQ has backlog of Bt2bn. It expects to launch 4-5 low-rise projects. It expects presales to hit its target of Bt2.5bn supported by presales of Bt2bn in 1H15. (Kao Hoon, 13/7/15)
Comment: Nice turnaround story, but its fully priced in.
BMCL
Blue line MRT – The company is hoping for good news from the Transport Ministry on the extension of its Blue Line MRT service after a long period of losses. (Kao Hoon, 13/7/15)
BRR
BRR expects to bid for a biomass power plant. The third plant is under construction and is expected to finish in 2016. (Kao Hoon, 13/7/15)
Comment: A naturally extension of its core business

Continue reading Stocks in the news (aav, aeonts, aq, bmcl, brr, centel, color, eason, ee, gunkul, hmpro, mcs, ndr, perm, rwi, salee, sat, sim, sithai, thana, vng) 13.07.15

Stocks in the news (aira, aot, asimar, bsm, color, ea, ever, gcap, genco, ilink, lalin, mtls, ps, pttgc, syntec, tuf, twz) 18.05.15

AIRA
Board approves capital increase of 3.16bn shares to be offered at rights of 5 old shares to 2 new shares for Bt1/share plus AIRA-W1 and AIRA-W2. 1Q15 earnings showed a profit of Bt13mn compared to 1Q14 loss of Bt31mn. (Thun Hoon, 18/05/15)

AOT
AOT reported 2Q15 net profit of Bt4.8bn (+32.36% YoY) benefitting from political calm that has brought tourists back. (Khao Hoon, 18/05/15)
Comment: AOT’s #’s still continue to outperform most people’s expectations, this country is just incredibly blessed by its ability to bring in tourists plus the fact that Chinese tourists are visiting Thailand more and more only help.

ASIMAR
Interest shown in JV; deal expected to be finalized soon. ASIMAR will spend Bt1bn to raise capacity to handle jobs in Myanmar and for the Port Authority of Thailand. (Thun Hoon, 18/05/15)

BSM
1Q15 earnings grew 60% to Bt6.8bn and revenue rose 7% to Bt134mn. BSM targets revenue growth of 20% in this year and plans to increase market share abroad. (Khao Hoon, 18/05/15)
Comment: Quite the typo from the news outlets, earnings was 6.8 mn not bn, I’ve always thought highly of management here but not of its valuations, nuts!

Continue reading Stocks in the news (aira, aot, asimar, bsm, color, ea, ever, gcap, genco, ilink, lalin, mtls, ps, pttgc, syntec, tuf, twz) 18.05.15

Stocks in the news (ccn, color, dcon, demco, esso, gunkul, ilink, kcar, kcm, ktb, lh, mint, nch, nwr, ptt, pttep, ratch, sanko, seafco, uniq, work) 17.04.15

CCN
CCN and partner to bid for government project worth Bt100mn in 2Q15. It expects to get the entire project. The 1Q15 outlook is relatively the same as last year. It expects 2015 revenue growth to reach the target 20%. (Thun Hoon, 17/04/15)

COLOR
COLOR expects its 2015 to turn to be profitable, after losses for three years in a row. It expects the improvement to be enough to offset the retained losses of Bt17.53mn. It expects a strong 1Q15 after the return of client orders and better utilization rate. (Thun Hoon, 17/04/15)

DCON
DCON expects dramatic earnings growth over the next few years. Within the next ten days, it plans to set up a joint venture for a new plant in Cambodia. It also plans to set up a precast plant that will contribute Bt100bmn/year. It will also invest in a power plant and residential property in the future. (Thun Hoon, 17/04/15)
Comment: It’s the power plant and the residential projects that are the short term EPS drivers here.

DEMCO
Gets new project producing electric wire worth Bt871mn. This will raise backlog to more than Bt5bn. Solar farm projects will generate about Bt1.75bn. 1Q15 is expected to be strong. (Khao Hoon, 17/04/15)
Comment: DEMCO should always continue to win work in any power related project, especially renewable energy projects.

Continue reading Stocks in the news (ccn, color, dcon, demco, esso, gunkul, ilink, kcar, kcm, ktb, lh, mint, nch, nwr, ptt, pttep, ratch, sanko, seafco, uniq, work) 17.04.15