Buy(s) THB 28 mn
Sell(s) THB 614 mn
- QTC – The tender offer is still in play, interesting that its @ ~thb 7/share but the stock is at 14…
- HMPRO – Must’ve been a block sale by this director..
- IHL – More selling out of IHL, are things changing at this company on the shareholder level?
- ITD – When was the last time you saw the founder ever buy shares in ITD?
- ILINK – Two directors selling rather large stakes
- DCORP – The Vice Chairman dumps some 3 mn shares
- CRANE – Now this is a first, haven’t seen a sale by anyone in CRANE for as far back as I can remember.
Buy(s) – THB 344 mn
- BDMS – And he’s still buying ! This time another THB 279 mn worth of shares
- IFEC – Well they seem to trying to turn this into a “buy whatever we can” company
Sell(s) – THB 994 mn
- JWD – Already in the news that this was a block sale to Templeton
- SCI – See above
- CRANE – The jump in the stock price led to him selling?
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 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 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 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.
ANAN targets 2016 revenue of Bt14.5-15.5bn (43% growth) backed by Bt38bn backlog. It targets sales of Bt21.5-22.5bn with 32% gross margin. It is confident 2015 revenue will reach target of Bt10-11bn. It plans to launch ten projects, valued at Bt22-23bn, next year. (Thun Hoon, 18/12/15)
Comment: Perhaps one of the few property companies still growing in Thailand
AJD expects 4Q15 earnings to be good backed by Top-Up machines. It plans to add 50,000 ToUp machines next year. (Thun Hoon, 18/12/15)
Comment: Follow this name at your own risk.
ASEFA expects orders to surge from mega projects and growth in data centers. (Thun Hoon, 18/12/15)
BCP is budgeting Bt3bn to expand its oil retail business in 2016. It plans to open 60 gas stations and also focus on non-oil business for sustainable growth. (Khao Hoon, 18/12/15)
CRANE expects performance to turn around next year backed by demand. It expects 2015 revenue to achieve its target. It is talking to a prospective partner to invest abroad. (Thun Hoon, 18/12/15)
Comment: It has consistently been an undervalued stock despite the fact that core business has always done ok.
BMCL expects 2016 to be a turnaround year after EXAT approved the merger with BECL, which will support growth. The company is going ahead with the Purple Line (Taopoon-Bangsue) (Thun Hoon, 24/07/15)
Comment: The story for BMCL is its merger with BECL.
BTS is in talks with U for a joint real estate development in the Phayathai-Chatuchak area. The company will hold a 35.64% stake. (Thun Hoon, 24/07/15)
Comment: BTS is already the largest shareholder in U (formerly known as N-PARK), so lets apply some guess work and assume that BTS will do condominiums with SIRI and other developments i.e. offices/malls w/ U
CCP management says delay in mega projects will have no impact on earnings, which are backed by Bt2.3bn in backlog. The company plans to invest Bt100mn in 50-60 rai in Bongsai for new railroad tie plant aimed to reduce cost. (Thun Hoon, 24/07/15)
BMTA meets today to examine results from truth-finding committee on the purchase of 489 NGV public buses after Minister of Finance approved the deal. (Kao Hoon, 24/07/15)
CRANE is talking with a Japanese partner for a JV or PP in order to expand its reach. Management confirms its strategy for M&A overseas. 2015 targets 20% growth YoY. (Thun Hoon, 24/07/15)
DCON is to report earnings 18 August, which is expect to come in strong, supported by Bt1.5bn worth of new condos. The biomass power plant deal is expected to finalize 4Q15. (Thun Hoon, 24/07/15)
Comment: The key driver behind DCON’s earnings this year was always the condominium transfers, the risk post recognising this is that their earnings will decrease rather dramatically
ACD targets 2015 revenue of Bt800mn with net profit backed by higher property transfers. It is talking to a prospective partner in China to invest in property development at tourist attractions in Thailand. (Khao Hoon, 23/07/15)
AOT expects bidding for Suvarnabhumi phase 2 be in February 2016. Total bids are valued at Bt43bn. Management is confident the plan will proceed as planned with operations starting in 2019. (Khao Hoon, 23/07/15)
Comment: At least this expansion is going ahead.
ASIMAR expects 2Q15 earnings to surge 2,700% on booking revenue from Port Authority of Sihanoukville and Tourism Thailand. 3Q15 profit is expected to rise backed by upcoming bids and increasing demand for ship maintenance service. It expects 2015 earnings to mark a record high. Investors are interested in a takeover at Bt4 per share. (Thun Hoon, 23/07/15)
BSBM expects to show net profit in 2Q15 from 1Q15 losses of Bt43.07mn aided by implementing cost control. It expects 2015 sales of 100,000 tons backed by large orders and the sale of all high cost products. (Thun Hoon, 23/07/15)
Comment: Never cared much for this company nor the industry that it operates, every steel co has suffered, is suffering and will continue to suffer.
CRANE is confident 2015 revenue will achieve target 4% growth. It expects a Bt100mn acquisition to be concluded in 3Q15. It expects business to continue to trend up in the rest of the year aided by government projects investment. (Khao Hoon, 23/07/15)
Comment: In theory they should benefit tremendously, demand for Cranes should sky rocket over the coming years.
Plans to expand into Cambodia, Laos and Myanmar. The firm has bid for a new project worth more than Bt1bn and expects to do a JV deal in 2Q15. It targets 2Q15 earnings growth of 10% YoY on the transfer of projects and raise in backlog to Bt2.3bn. (Thun Hoon 06/05/15)
1Q15 net profit surged from last year backed by significant growth in exports of “Carabao Daeng”, lower cost of goods sold, with zero interest-bearing debt. It expects to raise earnings gradually. (ASTV 06/05/15)
Comment: We do love the company but have doubts in their ability to add additional products to its existing line
2015 earnings to be good on booking extra gain from selling XPCL of over Bt1bn while revenue is close to last year’s. 1Q15 earnings surged with revenue of Bt7-8bn. It expects to win more than Bt100bn in government projects. The firm expects to win 20-25% of total projects, which will lift its backlog from the Bt100bn. (Thun Hoon 06/05/15)
Plans to invest in crawler crane. It targets 20% revenue growth in 2015 from last year’s Bt1.24bn. It says government policy is encouraging more construction projects. It plans to list a subsidiary soon. (Thun Hoon 06/05/15)
Comment: Crane’s business model is straight fwd, 1) Buy cranes, lease them, get a payback period of 4-5 years, 2) Distribute Cranes
CRANE says 1Q15 earnings will be better than last year after getting new projects. It targets 2015 revenue growth of more than 20%, with more acceleration of new government projects. It will focus more on foundation jobs to raise revenue. (Thun Hoon, 02/04/15)
Comment: I’ve always liked this company, now the issue here is that it is capital constrained to grow further as the heavier weighted cranes cost far more than the firm can afford, and they can never operate at 100% utilisation because of the time required to bring cranes back & forth from client sites.
DNA will expand in waste power plant, adjusting its business to cover alternative energy, telecom, and digital businesses. It will talk with an FA in the final stage today before putting it to its shareholders for approval. (Kao Hoon, 02/04/15)
DTAC officially opens 4G network. It targets 2.5mn 4G customers and 4G bandwidth at 15 MHz at end-2015. It is ready to bid for 4G. (Kao Hoon, 02/04/15)
Comment: Apparently it has a 7% yield for 2015.