Tag Archives: CSS

Stocks in the news (bjchi, ck, crane, css, fpi, gland, gpsc, itd, jmart, kwg, loxley, mill, nok, nyt, pps, qh, sf, trt tse) 22.08.16

BJCHI
BJCHI expects to get a new job worth Bt10bn to add to its backlog of Bt3.1bn. It plans to expand to a new market. It expects 2016 revenue to grow 15% from Bt5.75bn last year supported by backlog awaiting booking. (Thun Hoon, 22/08/16)
Comment: Regardless of the oil price decline BJCHI still seems to somehow continue winning projects
CK
CK expects 3Q16 to be good as it will book backlog. It plans to bid for big government projects such as Orange Line worth Bt300bn and expects to get 20-25% of its bids. (Thun Hoon, 22/08/16)
CRANE
CRANE got the job of managing Trang port and providing service for cranes. It expects to book revenue of Bt30-50mn this year. It expects a lower net loss this year because of higher demand from public investment. (Khao Hoon, 22/08/16)
CSS
CSS expects 3Q16 to be good as it expects to get jobs in Suvarnabhumi Phase 2 and from BTS. This will add to its backlog of Bt1.3bn; it also expects revenue from its subsidiaries. It is confident that 2016 revenue will hit target of Bt5bn with revenue of Bt10bn over the next three to five years. (Thun Hoon, 22/08/16)
FPI
FPI is confident that 2H16 earnings will grow strongly and add to profit, supported by a weak baht, low oil price and low plastics prices. It plans to increase painting capacity by 35% in September to support OEM orders. It expects revenue growth of at least 10%. The board approved an interim dividend of Bt0.06/share, XD on Sep 9. (Thun Hoon, 22/08/16)
GLAND
GLAND plans to invest in office building for rent (The Super Tower), valued at Bt18bn in 2017. It believes this will bolster revenue. It expects to book revenue from leasable area at G Tower in 3Q16 after occupancy rate reached 70%. (Khao Hoon, 22/08/16)
Comment: Still part of the longterm master plan, we do suspect a REIT will be announced in due course given the need for capital

Continue reading Stocks in the news (bjchi, ck, crane, css, fpi, gland, gpsc, itd, jmart, kwg, loxley, mill, nok, nyt, pps, qh, sf, trt tse) 22.08.16

Stocks in the news (ajd, asefa, bjchi, brr, css, fsmart, gl, hpt, ifec, ihl, ilink, ps, ptg, ptt, seafco, super, tacc, thai, tvd, wha, work) 16.08.16

AJD
AJD reported 2Q16 net profit of Bt126.59mn on higher sales at a subsidiary and implementing cost control. It expects 2016 revenue to grow 10-15% from last year backed by transfers. (Thun Hoon, 16/08/16)
ASEFA
ASEFA expects 2016 revenue to grow 20% backed by mega projects with backlog of Bt1.8bn, of which 60% is expected to be booked this year. (Khao Hoon, 16/08/16)
BJCHI
BJCHI posted 2Q16 revenue of Bt1.76bn with Bt191.71mn net profit. It expects 2016 revenue to grow 15% backed by backlog of Bt3.1bn. (Thun Hoon, 16/08/16)
BRR
BRR expects to benefit from the good outlook for sugar. It expects 2H16 earnings to be good. It expects crop to amount to 2.5mn tons of sugar cane backed by efficient cultivation. It reported 2Q16 net profit of Bt41.5mn. (Thun Hoon, 16/08/16)
Comment: Effectively every sugar company has the same story, I do wonder if we will see a consolidation phase 
 
CSS
CSS expects 2H16 earnings to be good backed by the telecom business. It expects 2016 revenue to reach Bt5bn or 10% growth as targeted. It will pay a dividend of Bt0.06/share, XD on Aug 23. (Khao Hoon, 16/08/16)
FSMART
FSMART expects 3Q16 revenue to grow 40% backed by expansion in Boon Term Top Up machines. It is talking to BBL, BAY, SCB, and KBANK in order to provide transfer service, expects to sign a contract with one bank at the end of this year. (Khao Hoon, 16/08/16)
Comment: I do now wonder what is the next step for FSMART with their top up machines, how many additional services can they add to this channel?

Continue reading Stocks in the news (ajd, asefa, bjchi, brr, css, fsmart, gl, hpt, ifec, ihl, ilink, ps, ptg, ptt, seafco, super, tacc, thai, tvd, wha, work) 16.08.16

Stocks in the news (advanc, arrow, banpu, bts, chg, css, gel, ifec, jubile, lalin, ncl, thai, thani, tluxe, tnp) 13.06.16

ADVANC
ADVANC expects to revise down its 2016 revenue target because of paying Bt75bn for its 4G license. It will make the first payment of Bt8bn with bank guarantee in June. Its cash on hand is Bt60bn. It is budgeting Bt40bn for network expansion. It says its dividend payout ratio will still be 100%. (Khao Hoon, 13/06/16)
Comment: It appears that they still don’t have clear visibility on what the dividend payout structure will be for 2017 and onwards yet.
ARROW
ARROW expects 2Q16 earnings to be better than 2Q15 because of cost control and high margin products. It targets 2016 revenue of Bt1.4bn with a record high net profit. It plans to take part in conduit project in Suvarnabhumi phase 2 in July. It has budgeted Bt60bn to invest in new plants. (Khao Hoon, 13/06/16)
Comment: They’ve continued to confound most people with their growth, if the 1Q is anything to go by then FY16 net profit could be ~300 mn, ~25% growth YoY. 
BANPU
BANPU expects 2016 net profit of Bt1.2bn backed by Hongsa power plant. It plans to list BANPU Power in 2H16. It expects to benefit from newly issued ordinary shares which increase its market cap. (Khao Hoon, 13/06/16)
BTS
BTS plans to take part in 5 extension lines. It targets FY2017 revenue growth of 10%. It is budgeting Bt7.6bn to buy new carriages and land. (Khao Hoon, 13/06/16)
CHG
CHG expects 2Q16 net profit to be good aided by more patients and higher revenue from acquiring Ruampat Rayong Hospital. (Thun Hoon, 13/06/16)
Comment: A smaller BDMS in the making?

Continue reading Stocks in the news (advanc, arrow, banpu, bts, chg, css, gel, ifec, jubile, lalin, ncl, thai, thani, tluxe, tnp) 13.06.16

Stocks in the news (bwg, css, epg, ifec, inet, ivl, ori, pstc, ptg, pylon, ratch, richy, sim, tfg, tpoly) 31.05.16

BWG
BWG expects 2Q16 net profit to be good backed by revenue from industrial waste management service. It expects 2H16 earnings to be good aided by 9.4MW power plant and RDF (Refuse-Derived Fuel). It expects 2016 net profit of Bt379mn and expects to grow 50% next year backed by its 2nd power plant. (Thun Hoon, 31/05/16)
Comment: And they are issuing warrant after warrant for this. I’ve always liked the idea of industrial waste management but it looks like the focus of the company has shifted to powerplants more and more.
 
CSS
CSS expects to book revenue from communication system projects of ADVANC and DTAC. It expects 2016 revenue to hit its target of Bt5.3bn. It plans to take part in bidding for 15MW solar cell. It plans to expand abroad. (Thun Hoon, 31/05/16)
Comment: A retail darling at one point, could it be time for part 2?
 
EPG
EPG reported FY2016 net profit of Bt1.413bn, up 123%YoY, driven by all three business segments. It will pay a dividend of Bt0.12/share, XD on Aug 2. (Khao Hoon, 31/05/16)
IFEC
IFEC expects 2Q16 net profit to back to the black from net loss in 1Q16 and higher than 2Q15 due to Bt700mn extra gain from debt restructuring at Dhara Dhevi. It expects Dhara Dhevi to exit from its rehabilitation plan in June and list on the SET in 2017. (Khao Hoon, 31/05/16)
Comment: Hmmm. Ok. A renewable hotel owner.

Continue reading Stocks in the news (bwg, css, epg, ifec, inet, ivl, ori, pstc, ptg, pylon, ratch, richy, sim, tfg, tpoly) 31.05.16

Stocks in the news (advanc, ajd, bem, bts, cpf, css, fire, forth, bm, mint, pca, ratch, samtel, scn, spali) 30.05.16

ADVANC
ADVANC asserts that financials are strong and it has no plan to increase capital. It plans to pay the first license fee payment of Bt8.04bn as scheduled and submit its bank guarantee before June 30. Dividend payout will be 100% of profit. It has budgeted Bt40bn to expand its network. (Kao Hoon, 30/5/16)
Comment: And with the call confirming the 100% payout maintained you’re saying shorts covering and some activity returning back to the stock, the key issue for the industry is still how crazy are True going to be with trying to capture market share.
 
AJD
AJD expects to expand to 50,000 on-line top-up machines to drive revenue to reach Bt1.6bn. It plans to expand its business to ASEAN in 2017. It expects to have more than 100,000 on-line top-up machines in 2018. (Kao Hoon, 30/5/16)
BEM
BEM expects to turn around after the MRT Purple Line is operating and bringing in revenue. It expects to get the MRT Blue Line job. This will support revenue growth of 10%. (Thun Hoon, 30/5/16)
BTS
BTS reported 2QFY16 net profit of Bt4.14bn or growth of 40%. It expects to pay a dividend of Bt0.34/share, XD on July 28. (Kao Hoon, 30/5/16)

Continue reading Stocks in the news (advanc, ajd, bem, bts, cpf, css, fire, forth, bm, mint, pca, ratch, samtel, scn, spali) 30.05.16

Stocks in the news (advanc, bbl, beauty, bem, bsm, css, ea, mc, ori, ptt, smpc, sricha, svi, tacc, true, uv) 29.02.16

ADVANC
ADVANC reports more than 500,000 of its 2G clients have upgraded to 3G. It aims at getting more than 10mn 4G users from 4.4mn now. It has budgeted of Bt40bn to expand its business in 2016. (Kao Hoon, 29/2/16)
Comment: The number we read this morning from the news was 5 mn users already.

BBL
BBL announces a full-year dividend of Bt6.50/share. (Thun Hoon, 29/2/16)

BEAUTY
BEAUTY reported net profit in 2015 of Bt402.5mn, up 33.65% supported by total revenue growth of 29.36% to Bt1.79mn from expanding its branches. It will pay a dividend in 2H16 of Bt0.83/share, XD on April 28. (Kao Hoon, 29/2/16)
Comment: And they keep growing!

BEM
BEM reported 2015 net profit of Bt2.65bn supported by higher toll and fare revenue. It had total revenue of Bt13.1bn with total assets of Bt78bn. It will pay a dividend of Bt0.07/share. (Thun Hoon, 29/2/16)
Comment: At what point will BEM do what BTS did and spin off the assets to an infrastructure REIT?

Continue reading Stocks in the news (advanc, bbl, beauty, bem, bsm, css, ea, mc, ori, ptt, smpc, sricha, svi, tacc, true, uv) 29.02.16

Stocks in the news (auct, bay, css, ea, genco, global, polar, samco, smt, syntec, tcmc, uac, vgi) 28.01.16

AUCT
AUCT expects used car tent market to be good. It expects 20% growth in used cars to be put up for auction after the new tax structure has raised selling prices. It expects to be win the auction management contract for the public sector after its successful 4G spectrum auction. It expects 2016 revenue to grow 10%. It plans to add property to its auctions. (Thun Hoon, 28/01/16)
Comment: It would be interesting to see how far they can take the auction business into other segments, but their bread and butter is still the auctioning of cars and bikes
BAY
BAY acquired HKL, top micro finance company in Cambodia for Bt16bn. It expects this to support its expansion in CLMV, focusing on personal loans and microfinance. (Thun Hoon, 28/01/16)
Comment: Now this is an interesting development….why can’t Thai companies be more present in the region?
CCET
Taiwanese investors are interested in investing in CCET, planning to increase its capacity. They expect CCET to be their #1 supplier. It plans to focus on high margin products. It expects 2015 net profit to mark a record high backed by seasonality and the baht depreciation in 4Q15 earnings. (Thun Hoon, 28/01/16)
CSS
CSS expects 1Q16 earnings to be good despite no new projects. It expects to recognize income from Bt400-500mn in backlog. It expects 2Q16 to bring in projects from TRUE and ADVANC. It is interested in investing in alternative energy to diversify risk and increase revenue. (Thun Hoon, 28/01/16)

Continue reading Stocks in the news (auct, bay, css, ea, genco, global, polar, samco, smt, syntec, tcmc, uac, vgi) 28.01.16

Stocks in the news (asimar, com7, cpn, css, eic, gc, mill, pdg, qlt, seafco, sena, spa, super, sutha, tsr, uniq) 05.01.16

ASIMAR
ASIMAR expects 2015 net profit of Bt120-130mn after achieving Bt102.2mn in the first nine months of the year. (Thun Hoon, 05/01/16)

COM7
COM7 expects tax incentives to help revenue grow more than 25%. It expects 4Q15 sales to be good because it has 300 branches and many products for sale, including iPhone 6s and iPhone 6sPlus.(Khao Hoon, 05/01/16)
Comment: A 1 time shot, expect for 1Q #’s to look weak.

CPN
CPN has budgeted Bt400mn to invest in Pororo Aquapark Bangkok at Central Plaza Bangna. It expects this to increase traffic by 15-20%. (Khao Hoon, 05/01/16)

CSS
CSS expects 2016 revenue of Bt5.5bn (20-25% growth) as DTAC and TRUE get busy with expanding their 4G towers. It also expects to get jobs from AIS and JAS. It expects to get a solar farm at a cooperative, which is expected to be announced in 3Q16. (Thun Hoon, 05/01/16)
Comment: You can do the numbers and you’ll see its already fairly priced.

EIC
EIC plans to sell 30.2% of Smart Traffic shares to Smart Merchant International for Bt185mn. It expects this to contribute gain of Bt18.8mn. (Khao Hoon, 05/01/16)
Comments: Looks like a left pocket right pocket deal, wonder what the FA would say here…

Continue reading Stocks in the news (asimar, com7, cpn, css, eic, gc, mill, pdg, qlt, seafco, sena, spa, super, sutha, tsr, uniq) 05.01.16

Stocks in the news (anan, ajd, asefa, bcp, crane, css, eforl, gfpt, nncl, prin, pstc, rojna, t, tpac) 18.12.15

ANAN
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
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
ASEFA expects orders to surge from mega projects and growth in data centers. (Thun Hoon, 18/12/15)

BCP
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
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.

Continue reading Stocks in the news (anan, ajd, asefa, bcp, crane, css, eforl, gfpt, nncl, prin, pstc, rojna, t, tpac) 18.12.15

Stocks in the news (auct, css, dtac, egco, mc, pstc, q-con, smpc, spali, tse, true) 26.11.15

AUCT
AUCT will focus on urban areas in the east next year and is preparing to expand its line of business to boost revenue. (Khao Hoon, 26/11/15)
Comment: Still a wonderful asset-light business model, but don’t care much for its valuation at the moment

CSS
CSS expects to have 2015 revenue of Bt4.8bn and get a project in Myanmar on the boom in communication. Its current backlog is now Bt1.3bn. (Thun Hoon, 26/11/15)
Comment: With a backlog of only thb 1.3bn there’s no way it can justify its current valuation….but retail seems to believe otherwise, management obviously doesn’t give his continuous selling of stock

DTAC
DTAC reports that roaming data usage this year has grown 50% with voice roaming slipping around 10%. Total revenue from roaming is Bt600mn, close to last year. (Khao Hoon, 26/11/15)

EGCO
EGCO plans to 5-year investment of Bt91bn in order to expand power plants. It expects to generate profit of Bt10bn in 2017. (Thun Hoon, 26/11/15)
Comment: There’s something interesting happening here with EGCO being one of the few utility companies to potentially grow 20% p.a. for the next 5 years.

Continue reading Stocks in the news (auct, css, dtac, egco, mc, pstc, q-con, smpc, spali, tse, true) 26.11.15