Comment: It does finally look like they are going to do something with their stake in Makro
EPCO expects 2016 net profit growth to be higher than 50% as it plans to invest in power plants at home and overseas to bring capacity to 200MW. It plans to list its subsidiary (Eastern Power Group) this year. It targets capacity of 500MW within 2018. Its shareholders approved issuing a Bt2bn debenture. (Thun Hoon, 04/05/16)
HMPRO reported 1Q16 revenue of Bt14.61bn, up 11.57%YoY with Bt866.18mn net profit, up 18.06%YoY. This brought by SSS growth and new stores for both HMPRO and Mega Home. (Thun Hoon, 04/05/16)
Comment: What consumer debt issue??
ITD signed a contract with the Department of Rural Road to proceed with the construction of the rail overbridge along the Rural Road No. Sor Kor 2032 at Baan Khoke Kham, Amphur Muang, Samut Sakorn Province on Apr 27, valued at Bt405.59mn. (Khao Hoon, 04/05/16)
CPALL and BEC have been in the news again, this time with Thaipat Institute who “has removed CP All Plc and BEC World Plc from its top 100 listed companies ranked by environmental, social and governance measures, citing the pair’s tainted corporate reputation. ” Normally I would have posted this immediately, but I’ve never heard of thaipat until this news And I doubt many other people had either. But he did have a rather priceless quote “Companies that have good practices but bad performance, and good performance but bad practices are worthless,” Mr Pipat said. If only the world was really that black and white.
- WHA – The founder
- Somyos Anantaprayoon, current chairman of WHA Corporation Plc, was fined 500,000 baht for telling two newspapers — published on Oct 27, 2014 — that the company was in talks to acquire a listed company worth 50 billion baht, though such information had not yet been made public.
- BKI – The Chairman
- The SEC said that Mr Chai, as director and chief executive at the time, had revealed that BKI would give two stock dividends for every five shares held by shareholders on top of cash dividend payments for the company’s 2013 financial operations to those who bought BKI’s shares from Feb 24 to 25, 2014 ahead of public disclosure on Feb 28 of the same year.
- GLOBAL – The founders
- The SEC also fined Witoon Suriyawanakul, chairman of the management committee and director of Siam Global House (Global), and three other shareholders a combined 25.3 million baht for insider trading. The SEC’s investigation found that Mr Witoon bought 8.02 million shares and 3.5 million units of warrants of Global from June 29 to Aug 23, 2012 using accounts of people who have a relationship with him in order to take advantage of inside information regarding SCG Distribution’s planned acquisition of Global. The other three shareholders were viewed as accomplices.
- AMC – An investor
AKR expects 4Q15 earnings to be highest backed by Bt500mn in transfers which achieved 2015 target revenue. It expects 2016 revenue of Bt3.2bn (+60%) aided by government projects. It expects to get a 9MW PPA for an agricultural cooperative solar farm in December. It expects to get Bt4bn in electric transformer projects. (Thun Hoon, 08/12/15)
BIG expects 4Q15 earnings to be peak. It plans to wipe out retained losses by the end of this year and pay a dividend on 2015 performance. It expects 2016 revenue to grow 10% by focusing on printing photos from smartphones. (Khao Hoon, 08/12/15)
Comment: That is the only “news” that seems to be supporting this stock, otherwise we don’t see much of a future in this niche player.
CPALL plans to open 600 branches next year. It expects 2016 net profit of Bt15bn (+15%) from this year’s Bt13.2bn with Bt400bn in revenue. (Thun Hoon, 08/12/15)
Comment: By the looks of the stock price today funds just don’t like an executive team that front runs the market
EPCO’s board approved investment in solar power plants in Japan (five projects, total 48MW). It expects this to supply electricity by 2Q16 and contribute Bt1bn in net profit for the life of the projects. It plans to list a subsidiary soon. (Thun Hoon, 08/12/15)
MC expects 2016 revenue growth of 15% though it may achieve only 12% in this year because of the economic slowdown. Management says foreign companies are interested in becoming dealers. It plans to open new branches by the end of this year. It has budgeted Bt170mn to invest in 2016. (Thun Hoon, 08/12/15)
Comment: I still don’t care for the “Growth” story of this company, but at the right price definitely worth a look as its core business is ok.
BJCHI expects 2016 revenue to grow 15%, backed by projects worth Bt5.2bn. It plans to join a new Bt40bn auction and expects to get projects worth of Bt6.5bn. (Thun Hoon, 3/12/15)
Comment: And yet despite the decrease in oil prices, they still can continue to grow, why? It’s a huge industry and Thailand is cost-competitive still versus Korea and China
CHOW will increase its solar farm production next year to 100MW. It is negotiating with partners both in Thailand and abroad to invest in solar farms. (Bangkok Post, 3/12/15)
Comment: CHOW is still expanding continuously looking for projects here and abroad and unlike SUPER they actually have the capital to do so
CPALL management fined for insider trading – CP All Plc chairman Korsak Chairasmisak, two vice-chairmen and the legal adviser to the company’s board have been fined a total of 33.33 million baht for insider trading for the CP All deal to buy Siam Makro Plc. (Bangkok Post, 3/12/15)
Comment: Posted already…
DEMCO expects to bid for government and private projects worth Bt10bn. (Thun Hoon, 3/12/15)
Comment: It’s been rather surprising to see very little from Demco’s management, next week’s opportunity day will be interesting.
Well then….just hot off the SEC presses. Now while I applaud the SEC for actually catching them, the fine’s are really pitiful when you consider that the this is the CHAIRMAN and VICE CHAIRMAN of one of the largest company’s in Thailand, front-running the entire investment community ahead of one of the largest M&A deals of the year. They should add an extra zero to ensure that these actions do not happen again. Anyways, see below for the rest parts of the statement and a link to the full statement.
The SEC Settlement Committee has imposed fines on (1) Korsak Chairasmisak, (2) Piyawat Titasattavorakul, (3) Pittaya Jearavisitkul, and (4) Athueck Asvanund at a total amount of 33,339,500 baht for using inside information to purchase shares of Siam Makro Public Company Limited (MAKRO), and (5) Somsak Chiarawisithkul and (6) Areeya Asvanund at a separate, equal amount of 333,333.33 baht for aiding and abetting in the aforesaid insider trading.
ACAP targets net profit growth of Bt120mn after several years of net. It is ready to enter into debt restructuring like SAWAD. (Khao Hoon, 12/11/15)
Comment: Ahhhhh is that what the new shareholders in ACAP are planning to do? Well then they are going up against SAWAD and JMT
BANPU reported 3Q15 net loss of Bt72.27mn due to lower coal price. It plans to list Banpu Power on the SET to expand its electricity business. It expects electricity production to be 2.4MW. (Khao Hoon, 12/11/15)
Comment: Brokers are still trying to push banpu as a buy, I still just don’t see it.
BJCHI reported 3Q15 profit of Bt419mn, growth of 63% YoY. It plans to bid for projects. (Khao Hoon, 12/11/15)
Comment: Shouldn’t this make people less worried about the future of BJCHI?
CPALL reported 3Q15 net profit of Bt3.258bn, growth of 20.8%. Its revenue is Bt100.063bn with 9.60% growth YoY. The growth came from expanding 7-Elven stores to 8,618 or 30.7% growth. (Khao Hoon, 12/11/15)
Comment: And we are all still waiting for MAKRO’s share price to rise above THB 40/share so that CPALL may finally sell a stake there.
CSS reported 3Q15 net profit of Bt191.97mn with 30% growth YoY. Its growth came from business expansion. It expects 4Q15 earnings to be impressive and is ready to enter into telecommunication and energy business. It targets this year’s revenue at Bt4.8-5.0bn or 20-25% growth. (Khao Hoon, 12/11/15)
Comment: It seems priced and we’re rather surprised that the stock didn’t run further on the back of the 4G announcements.