Tag Archives: egco

Stocks in the news (anan, ba, ckp, egco, gtb, inet, itel, jas, lalin, lpn, major, nwr, singer, tfd, twpc) 27.09.16

ANAN
ANAN expects to launch five projects with a total value of Bt13bn in 4Q16 which it believes will lift 2016 presales to reach its target of Bt22bn. Presales are now at Bt14.3bn and backlog at Bt38.5bn. It will book revenue of Bt12bn in 2H16. (Kao Hoon, 27/09/16)
Comment: Same story as yesterday and as it has been for past the 12 months 
 
BA
BA expects 2Q16 earnings to be good, supported by high season. It says prebooking will be over 13% and expects 2016 net profit to be a new high. It targets 2016 revenue growth of no less than 10% and passenger load to reach 70%. ( Thun Hoon, 27/09/16)
CKP
CKP share price surged due to expectation of a 2H16 profit of over Bt300mn or growth of 53% YoY, driven by more capacity from Nam Ngum 2. (Kao Hoon, 27/09/16)
Comment: I’m only thinking when will they sell things off to a fund of sorts, otherwise the valuation is a bit rich for my liking.
 
EGCO
EGCO is working with a partern to take over geothermal power plants in Indonesia and the Philippines. It expects to wind up the deal in November. It expects 3Q16 earnings growth as it books revenue from Khanom power plant 4. ( Thun Hoon, 27/09/16)
GTB
GTB targets 2016 revenue growth of 8%. It has backlog of Bt700mn and expects to book revenue of Bt500mn in 2H16. It expects to get a new job worth of Bt80mn soon. It targets an increase in revenue from abroad to 20% within three years. (Kao Hoon, 27/09/16)

Continue reading Stocks in the news (anan, ba, ckp, egco, gtb, inet, itel, jas, lalin, lpn, major, nwr, singer, tfd, twpc) 27.09.16

Stocks in the news (auct, bafs, demco, dsgt, ecf, egco, ktb, nep, richy, seafco, simat, super, tsr, tta, vte) 05.09.16

AUCT
AUCT expects to have good news soon. It expects 2H16 to be growth and expects 3Q16 to recovery due to car bidding is recovery; It had bid for a 30k car in 1H16. (Thun Hoon, 05/09/16)
BAFS
BAFS expects 2016 revenue and profit to record a new high, as volume increases with the number of flights. It expects 2H16 to grow due to high season. (Kao Hoon, 05/09/16)
Comment: And with the continued expansion of the Airport this company is sitting pretty
DEMCO
DEMCO expects its business to pass bottom after the budget for repairing Huay Bong 2-3 has been settled. It expects 2H16 to be in the black. It is confident that 2016 revenue will reach its target of Bt6bn, growth of 10-15%, supported by more than Bt6.4bn in backlog waiting to be booked. (Kao Hoon, 05/09/16)
Comment: Should this issue pass, then the last issue will be with WEH potential IPO – if/when that will occur
 
DSGT
DSGT expects 2016 revenue to be better than 2015’s revenue of Bt7.5bn, backed by customer expansion and expansion in Thailand and abroad. It plans to launch a big campaign to stimulate sales. (Thun Hoon, 05/09/16)
Comment: Just out at lunch time was the news that a PE firm has bid for THB 5.00/share for all of DSGT
ECF
ECF expects 2016 revenue growth 12-15% due to furniture business is recovery. It plans to negotiate with partner to invest in power plant in Thailand and abroad which expects to conclude in 3Q16. Recently, It signed MOU with AF to do a factoring loan to members and supplier. (Kao Hoon, 05/09/1 6)
EGCO
EGCO expects 2016 operating profit to exceed Bt8bn, growth of over 5%, after reporting operating profit of Bt4.3bn in 1H16. It continues to expand electricity business in Thailand and abroad and expects capacity to reach 5,000MW by 2019. (Kao Hoon , 05/09/16)
KTB
KTB rejigs loan price formula. Krungthai Bank (KTB), the country’s largest state-owned bank by assets, has revised its pricing formula for government and state enterprise loans to be more competitive after significant falls over the past few years. (Bangkok Post, 05/09/16)

Continue reading Stocks in the news (auct, bafs, demco, dsgt, ecf, egco, ktb, nep, richy, seafco, simat, super, tsr, tta, vte) 05.09.16

Stocks in the news (ask, bla, demco, egco, gfpt, gold, gunkul, kce, nep, ptsc, ratch, sawad, siri, spa, susco, tu, thcom, wha) 10.08.16

ASK
ASK expects revenue and loan growth of not less than 15% on seasonality. It plans to issue a debenture to replace the old one of Bt7.3bn that is expiring. (Thun Hoon, 10/08/16)
Comment: It’s more likely that the continued improvement will come from decreased financing costs
 
BLA
BLA reported 2Q16 net profit of Bt9.3bn thanks to reversal of provisions. It will pay a dividend of Bt0.32/share, XD on Aug 25. (Khao Hoon, 10/08/16)
Comment: Despite the short term respite it’s still going to be tough for insurance co’s to make $ on their investment portfolio’s given these low yields
 
DEMCO
DEMCO says its 60MW wind power at Khao Kor commenced operations. It expects this to contribute Bt40mn income in 2017. It expects 2016 revenue to grow 10-15%. Its backlog is Bt7bn, of which it expects to book Bt6bn this year. It plans to take part in Bt10bn in bids. (Thun Hoon, 10/08/16)
Comment: The issue surrounding Demco is still because of the loss of production payments 
 
EGCO
EGCO reported 2Q16 net profit of Bt2.04bn (+46%). This brought 1H16 net profit to Bt4.63bn (+58%). ( Khao Hoon, 10/08/16)
GFPT
GFPT reported 2Q16 net profit of BT380.79mn (+90%) backed by lower feed costs and growth in GFN and McKey. It expects 2H16 earnings to be good on seasonality. It expects exports to reach 6,500ton/quarter. It expects 2016 gross profit to grow 14%. (Thun Hoon, 10/08/16)
Comment: Every chicken/pork company has had a wonderful 2Q and it looks like chicken prices are continuing to increase into the 2H16
 
GOLD
GOLD reported 2Q16 net profit of Bt359.38mn, which brought 1H16 net profit to Bt560.77mn driven by large transfers from property stimulus measures. It expects 2016 revenue to reach its target of Bt10bn. (Khao Hoon, 10/08/16)

Continue reading Stocks in the news (ask, bla, demco, egco, gfpt, gold, gunkul, kce, nep, ptsc, ratch, sawad, siri, spa, susco, tu, thcom, wha) 10.08.16

Stocks in the news (ap, big, egco, maco, ocean, phol, ptt, qtc, sutha, top, tvt, vih, wice) 22.07.16

AP
AP expects 2H16 earnings to be good supported by first time booking revenue from JV with Japanese partner. It expects revenue from the JV to increase in 2017. It plans to launch 13 new projects worth Bt25bn in 2H16, which will help it meet its presales target of Bt31bn. (Thun Hoon, 22/07/16)
BIG
BIG expects 2H16 to be outstanding due to high season and two big fairs. It plans to add four branches by the end of 2016. (Thun Hoon, 22/07/16)
Comment: This has been a learning lesson for us, let the market take this company up despite that fact that you can run any DCF even with high growth #’s and not attain the valuation that it’s trading at today. PEG Ratios…gotta love ’em…
 
EGCO
EGCO has booked more revenue from new tariff for the geothermal power plant in Indonesia which has capacity of 227MW. It has set a 2016 investment budget of Bt22bn to acquire power plants. (Thun Hoon, 22/07/16)
MACO
MACO expects 2H16 to be better than first half supported by new mass transit lines and high season. It is confident that 2016 revenue will grow more than 15%. (Thun Hoon, 22/07/16)
OCEAN
OCEAN expects 2016 revenue to grow and turn to profit. It will focus on expanding its business abroad. It expects cost to decrease more than 50% in 2017 after opening its own showroom and installing solar panels. (Khao Hoon, 22/07/16)
Comment: What is this water company doing with solar panels? Solar powered water showers? 

Continue reading Stocks in the news (ap, big, egco, maco, ocean, phol, ptt, qtc, sutha, top, tvt, vih, wice) 22.07.16

Stocks in the news (anan, arrow, atp30, bwg, cho, demco, egco, ndr, ptt, sgp, spali, stec, t, tfd, wha) 14.07.16

ANAN
ANAN and Mitsui Fudosan plan to set up associated companies and launch three projects at the end of this year. It expects this to bring up backlog from Bt38bn, which can cover revenue until next year. It plans to buy land. (Thun Hoon, 14/07/16)
Comment: And their growth is effectively secured for the next 2 years
 
ARROW
ARROW is budgeting Bt37mn to set up its 2nd electrical conduit plant on 7 rai of land in order to serve high demand. This will increase its capacity by 50%. It expects RTRC conduits to be a key driver. It expects 2016 revenue to be not less than Bt1.4bn. (Thun Hoon, 14/07/16)
ATP30
ATP30 signed a contract valued at Bt20mn to provide five years of logistics service. It took part in Bt800mn bids and expects to get this job. It expects 2Q16 earnings to be good thanks to new clients. (Thun Hoon, 14/07/16)
Comment: Popular at the amount amongst retail investors, seems to be a steady cash earner with its basic logistics service
 
BWG
BWG plans to operate RDF phase 2, capacity of 250 tons, by the end of this year. This will ramp up its total capacity to 600 tons per day which can serve three 10MW power plants. (Khao Hoon, 14/07/16)
Comment: It feels like the renewable game in the market has returned

Continue reading Stocks in the news (anan, arrow, atp30, bwg, cho, demco, egco, ndr, ptt, sgp, spali, stec, t, tfd, wha) 14.07.16

Stocks in the news (advanc, bem, br, brr, ecf, egco, pstc, seafco, smt, tcmc, top, tru, tsr) 29.06.16

ADVANC
ADVANC made ITS first payment of Bt8.6bn with A Bt72.3bn bank guarantee for 900MHz. It expects to handle 2G clients before being shut down. It expects higher earnings from less expense of Bt4bn. (Khao Hoon, 29/06/16)
Comment: There’s a lot of analysts expecting 2Q16 to be the peak for ADVANC earnings for the next 2 years
 
BEM
BEM expects 2016 net profit of Bt2.1bn mainly driven by MRT. (Khao Hoon, 29/06/16)
BR
BR expects to revise down 2016 revenue target growth from 10-15% because of higher competition in Europe, and excess supply in Poland and Hungary. (Post Today, 29/06/16)
BRR
BRR expects an increase in revenue from biomass power plants from Bt19mn/month to Bt25mn/month after it changed from adder scheme to FiT scheme. (Khao Hoon, 29/06/16)
Comment: Completely forgot that some sugar companies will benefit somewhat from this as well.

Continue reading Stocks in the news (advanc, bem, br, brr, ecf, egco, pstc, seafco, smt, tcmc, top, tru, tsr) 29.06.16

Stocks in the news (aeonts, bcp, bem, egco, fsmart, ifec, itd, mcs, mtls, rpc, sport, spa, tasco, thcom, tks, twz) 21.06.16

AEONTS
AEONTS expects 2016 loan growth to be better than last year. It plans to expand its credit card customer base by launching a marketing campaign. It targets to acquire 360,000 new cards. (Thun Hoon, 21/06/16)
BCP
BCP says oil sales in the first five months reached 2bn liters. It expects to reach 6bn liters this year driven by high demand from lower prices. It plans to open more filling stations in 2H16 and increase revenue from its non-oil business. (Thun Hoon, 21/06/16)
BEM
SRT plans to talk with BEM to become commercial area manager for MRT Purple Line (Bang Yai-Tao Poon). It expects this to be finalized in July. (Khao Hoon, 21/06/16)
Comment: To us it looks like its been in the bag for a while
EGCO
EGCO expects 930MW Kanom power plant to start up in June. This will boost long-term revenue. It expects 2016 revenue to grow 5% aided by power plants. It has budgeted Bt22bn to increase its capacity. (Thun Hoon, 21/06/16)
FSMART
Institution investors are interested in FSMART shares. It expects 2H16 earnings to be good. It is talking to a partner to expand top-up machines to 90,000, raising its revenue to Bt21bn from this business. It targets a market share of 11%. It is talking to clients for ads and has signed a contract with one client. (Thun Hoon, 21/06/16)
Comment: If they are clever about this, they have the network, they can cross sell anything with little cost and all straight to the bottom line.

Continue reading Stocks in the news (aeonts, bcp, bem, egco, fsmart, ifec, itd, mcs, mtls, rpc, sport, spa, tasco, thcom, tks, twz) 21.06.16

Stocks in the news (aot, egco, epg, fn, gold, gunkul, lit, nncl, pf, preb, ps, sappe, tcc, tmill) 26.05.16

AOT
The board of directors of Airports of Thailand’s (AOT) yesterday approved the master plan for the development of Chiang Mai airport. The project will be carried out in two phases. The first, set for 2016 to 2025, is aimed at boosting the airport’s passenger capacity to serve 18 million travelers a year. In the second phase, from 2026 to 2030, the capacity will be further increased to serve 20 million passengers per year, of which 8 million will be international passengers and 12 million domestic travelers. (The Nation, 26/5/16)
Comment: And the monopoly will continue growing, interesting fact learnt last night, Thailand has ~30-40 mn visitors p.a., Spain has ~70mn. 
 
EGCO
EGCO expects to book revenue from Khanom power plant unit 4 in 3Q16 and expects to start commercial operations on June 19, 2016. The Chaiyaphum wind farm is expected to start up in late 2016. It plans to expand its business abroad, with an eye especially on the Philippines. It plans to cooperate with a partner to invest in a battery storage electrical system. (Kao Hoon, 26/5/16)
EPG
EPG expects 2017 revenue to grow to Bt10bn supported by continued growth in its overall business. Government projects will increase construction materials demand. It expects the board to approve new investment. (Thun Hoon, 26/5/16)
Comment: But the driver is still going to be the shift from metal based materials on automotives to plastic based. 
 
FN
FN sent filing to the SEC for an IPO of 250 million shares. It plans to expand its branches and renovate old branches. (Thun Hoon, 26/5/16)
GOLD
GOLD expects 2Q16 to be good supported by property tax incentives. It expects 2016 revenue will hit its target of Bt9.7bn supported by more demand. It plans to build a condo and open 12 new projects. This will increase its backlog from Bt4bn. (Thun Hoon, 26/5/16)
Comment: Their issue, just as we have already seen with PS, is that there is a certain limitation to how far a property company can grow in Thailand as Bangkok is the only real targetable market.
 
GUNKUL
GUNKUL plans to acquire a company that has a solar farm PPA. It expects to get 150MW this year. It expects more revenue in 2H16. It plans to increase its revenue target of Bt5.8bn in 3Q16. (Thun Hoon, 26/5/16)

Continue reading Stocks in the news (aot, egco, epg, fn, gold, gunkul, lit, nncl, pf, preb, ps, sappe, tcc, tmill) 26.05.16

MSCI Semi-Rebalancing: Thailand has 11 changes

Changes in constituents for the MSCI Global Standard Indexes which will take place as of the close of May 31, 2016.

MSCI Thailand:                         (+2) EGCO, ROBINS

                                (-) none

MSCI Small Cap (Thailand):        (+3) DNA, GL, S
(-6) EFORL, SAMTEL, SDAT, SRICHA, TIPCO, TTCL

Stocks in the news (advanc, aot, beauty, bem, earth, egco, ifec, jas, m, sawad, scb, susco) 17.02.16

ADVANC
ADVANC to work with TRUE to help 2G customers. TRUE will propose a rental agreement with ADVANC to rent 900MHz for three months. They will be talking today. (Khao Hoon, 17/2/16)
Comment: I don’t quite see the point in ADVANC working with TRUE given that 1) Jas won’t pay and thus there’s still another license available & negotiate with NBTC and TOT to utilise the unused spectrum 2) It has the roaming agreement with DTAC

AOT
AOT expects passengers to increase by 16-18%, signaling 2Q16 growth of 20%. It plans to inject Bt140bn to expand and develop airports. (Thun Hoon, 17/2/16)

BEAUTY
BEAUTY is seeking a partner in Philippines. This will be clear by 4Q16. It targets 2016 revenue to reach Bt2.1bn, driven by higher demand. It also plans to expand branches abroad. (Thun Hoon, 17/2/16)
Comment: I’ve always liked the potential of the Philippines, and given that Beauty’s products are “cheap” i.e. 20 cents of 10-20 baht / unit it could do very well. Or is this just news from another company that they are expanding internationally and nothing will come out of it.

BEM
BEM awarded compensation of Bt4.38bn. The arbitrator has told the Expressway Authority of Thailand to pay BEM. (Khao Hoon, 17/2/16)
Comment: Less funding for the government to do upcountry loans?

Continue reading Stocks in the news (advanc, aot, beauty, bem, earth, egco, ifec, jas, m, sawad, scb, susco) 17.02.16