Tag Archives: EPCO

Stocks in the news (acap, centel, chow, demco, epco, epg, ifec, jas, lh, ncl, nncl, plat, prin, rs, spali) 21.09.16

ACAP
ACAP raising loan target to Bt3.5bn from Bt2bn. There is progress in its plan to expand abroad and it expects to wind up a deal with two partners in Cambodia. It plans to issue a debenture worth Bt1bn with interest rate at 5.6%. The call center business continues to grow. (Thun Hoon, 21/09/16)
CENTEL
CENTEL expects 4Q16 to be good, supported by high season. It expects 2016 earnings to grow in line with growth in tourism. Recently, it agreed to join with PTT to study placing a hotel in service stations. (Thun Hoon, 21/09/16)
CHOW
CHOW expects 3Q16 earnings to be good and lead to growth in 2016 revenue and profit. It has Bt3.36bn in loans from EXIM Bank to invest in a 70MW solar farm in Japan. It plans to list CHOW Energy on mai this year. (Kao Hoon, 21/09/16)
Comment: Quite the development but not a surprise given their strategy 
 
DEMCO
DEMCO won EGAT project worth Bt1bn which will expand its backlog to Bt8bn. It plans to bid for another new job. It expects 2016 revenue to grow 15% from last year supported by more jobs waiting to be booked. (Thun Hoon, 21/09/16)
Comment: Question is still how much more money will they lose from fixing those wind turbines? A gambling man may be willing to take a bet that 3Q could actually show a profit for the first time this year.

Continue reading Stocks in the news (acap, centel, chow, demco, epco, epg, ifec, jas, lh, ncl, nncl, plat, prin, rs, spali) 21.09.16

Stocks in the news (aot, beauty, bsm, bwg, cgd, ecf, epco, ihl, jas, kool, lanna, lpn, nusa, ps, tasco) 20.09.16

AOT
AOT expects 2016 profit of more than Bt19bn. It expects 4Q16 profit of Bt4.2bn, growth of 10% YoY, supported by more passengers and more flights. (Kao Hoon, 20/09/16)
Comment: There have been mumurs that if Thailand really does crack down on the zero dollar tourists from China that AOT could lose 10% of revenues
BEAUTY
BEAUTY sets 2016-2020 revenue target growth of 20% each year supported by expanding into Asia. It expects to conclude a deal to set up a distributor in Hong Kong in 4Q16 and increase revenue from other business. It expects 2016 revenue of more than Bt2.1bn. (Kao Hoon, 20/09/16)
BSM
BSM expects 2H16 revenue and profit to grow supported by high season and signing a contract for a Bt100mn job in 4Q16. It maintains its 2016 revenue target at Bt700mn. (Kao Hoon, 20/09/16)
BWG
BWG plans an industrial waste power plant. Recently, it cooperated with EGCO to study a project to develop an industrial waste power plant. It expects to set up the first industrial power plant capacity of 9.4MW and COD within 2017. (Kao Hoon, 20/09/16)
Comment: This funny little company seems to be finding a way to make things happy
 
CGD
CGD gets B13bn for project. SET-listed Country Group Development Plc (CGD) has secured US$375 million (about 13 billion baht) through China Ping An Bank to continue developing luxury project Chao Phraya Estate. (Bangkok Post, 20/09/16)
Comment: Sounds like they had quite the capital crunch… 

Continue reading Stocks in the news (aot, beauty, bsm, bwg, cgd, ecf, epco, ihl, jas, kool, lanna, lpn, nusa, ps, tasco) 20.09.16

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 (bem, epco, gpsc, kiat, ktis, major, npp, samart, sgp, ticon, trc, tvd) 21.07.16

BEM
BEM expects 2Q16 earnings to be good supported by expressway and BTS passengers. It expects 2016 revenue to grow 2.1% from last year. (Thun Hoon, 21/07/16)
EPCO
EPCO announced that it has postponed paying Bt117.50mn for a PP from July 15 to Aug 15, 2016. (Kao Hoon, 21/07/16)
GPSC
GPSC expects 2Q16 profit to be better than 2Q15’s Bt473mn. It expects 2016 profit to grow supported by booking revenue from IRPC and CP and Navanakorn power plant. It plans to operate 1,922MW within 2019. (Kao Hoon, 21/07/16)
KIAT
KIAT expects to get a job to transport chemical products. The project is valued at over Bt300mn and it expects to get 50%. It expects 2H16 to be good supported by new jobs worth Bt500mn. It plans to expand its business abroad and focus on the energy business. It expects to finish the deal to acquire a business this year. (Thun Hoon, 21/07/16)
Comment: If that is the case re the new project then it’ll just increase their recurring income to a higher level
 
KTIS
KTIS eyes packaging growth – The company’s target is to increase revenue from the bagasse packaging segment to 8% of total revenue from its pulp and sugar waste business to 1.3 billion baht within the next few years, up from the current 4%, he said. (Bangkok Post, 21/07/16)

Continue reading Stocks in the news (bem, epco, gpsc, kiat, ktis, major, npp, samart, sgp, ticon, trc, tvd) 21.07.16

Stocks in the news (a, ap, apco, aq, chewa, drt, epco, fer, jmt, kbank, lhbank, plat, pttep, stpi, thai, tsc) 10.06.16

A
Areeya targets 2016 revenue of Bt7bn supported by its backlog of Bt2.34bn, of which will book Bt1.5bn this year. It has stock of Bt3.5bn. It expects sales of Bt10bn in 2016. It plans to launch 12 projects worth Bt20bn. (Khao Hoon, 10/06/16)
Comment: Their stock price performance has one of the smoothest charts I’ve ever seen.
 
AP
AP expects 2Q16 earnings to be better than first quarter due to more transfers. It is confident that 2016 revenue will reach target of Bt23.7bn as it has backlog of more than Bt12bn. It plans to launch 13 new projects valued at Bt25bn in 2H16. (Thun Hoon, 10/06/16)
Comment: They came out with rather strong pre-sale #’s
 
APCO
APCO expects 2Q16 to continue to grow. It expects 2016 revenue growth of 10% and with net profit growing 25%. It will focus on the domestic market. It plans to launch a new product in 4Q16. (Khao Hoon, 10/06/16)
AQ
AQ will focus on low-rise projects. It plans to open two new condos worth Bt1bn. It opened hotel in Chiang Mai to bring rental revenue to Bt200mn per year. (Thun Hoon, 10/06/16)
Comment: Weren’t they recently bankrupt?
 
CHEWA
CHEWA bought a condominium from AQ for Bt586mn. It expects this to contribute revenue rapidly. It expects 2016 revenue of Bt1.7-1.8bn. It plans to open two new projects wtih total value of Bt2bn. (Khao Hoon, 10/06/16)
Comment: Ah see above…
 
DRT
DRT accepts that 2Q16 earnings will decrease from 1Q16 due to low season and demand. However, it maintains its 2016 target of revenue growth of 5%, supported by growing exports to CLMV+1. It expects to increase the export portion to 18%. It has budgeted Bt100mn to renovate machines. (Khao Hoon, 10/06/16)
Comment: But they have announced a sharebuyback, last time was in 2009

Continue reading Stocks in the news (a, ap, apco, aq, chewa, drt, epco, fer, jmt, kbank, lhbank, plat, pttep, stpi, thai, tsc) 10.06.16

Stocks in the news (age, aot, aqua, bm, ea, epco, ilink, irpc, ktc, mk, ptg, sc, super, tasco, thai, twz) 17.05.16

AGE
AGE reported 1Q16 profit growth of 114% YoY on total revenue of Bt940mn thanks to its cost reduction as well as a better
performance. It targets 2016 revenue growth of 10%. (Thun Hoon, 17/5/16)
Comment: It’s still far away from where they used to be pre’08
AOT
AOT reported 2FYQ16 net profit of Bt5.56bn or growth of 14% YoY. This gives profit of 1HFY16 of more than Bt10.19bn, growth of 15%, supported by 61 million passengers in six months and increases in flights to 389,272 flights. (Kao Hoon, 17/5/16)
Comment: At what point does the existing capacity of the AOT airports limit the future growth potential?
AQUA
AQUA shows 1Q16 profit of Bt79mn, up 22% YoY. Subsidiary Mantra Assets has budgeted Bt450mn to develop property and expects to realize revenue in mid-2017. (Thun Hoon, 17/5/16)
BM
BM’s first trading day. It expects a good response from investors. The company is certain that business will continue to grow due to high demand on the global market. (Thun Hoon, 17/5/16)
Comment: A steel co IPO…but regardless if its small enough it shall perform well.
EA
EA reported 1Q16 net profit of Bt710mn, increasing 22% YoY supported by its power plant business. It expects 2Q16 will be good after the startup of its 90MW solar farm in Pitsanulok. (Kao Hoon, 17/5/16)

Continue reading Stocks in the news (age, aot, aqua, bm, ea, epco, ilink, irpc, ktc, mk, ptg, sc, super, tasco, thai, twz) 17.05.16

Stocks in the news (cpall, epco, hmpro, itd, ptt, ratch, salee, super, tacc, tae, tsth, ttw, uv) 04.05.16

CPALL
CPALL expects its net profit to be good brought by SSS growth and 700 new stores. It expects 1Q16 net profit to be no less than Bt3.85bn with Bt102bn sales. It plans to sell MAKRO shares. (Thun Hoon, 04/05/16)
Comment: It does finally look like they are going to do something with their stake in Makro

EPCO
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
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
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)

Continue reading Stocks in the news (cpall, epco, hmpro, itd, ptt, ratch, salee, super, tacc, tae, tsth, ttw, uv) 04.05.16

Stocks in the news (big, cho, daii, eastw, ecf, epco, fire, grammy, mill, mtls, ori, s, sc, solar, uac) 17.03.16

BIG
BIG adjusts revenue target growth to 15% from 10% supported by camera market growth. It plans to start up “Print Gift” services in May to increase net and gross margins. (Kao Hoon, 17/03/16)
Comment: One interesting tidbit here is with the model cycle, when new models are released the older models will naturally see a drop in price, however BIG’s % margin shall remain the same and it’s the supplier that will be squeezed

CHO
CHO expects 2016 net profit will be better than last year. It expects revenue growth of 5- 10% supported by backlog of Bt650mn. It will know the outcome of its suit against the BMTA in 6 months or a year. (Kao Hoon, 17/03/16)

DAII
DAII sets 2016 revenue target growth at 15%. It plans to find a partner to do home building business in Vietnam. It expects to be No.1 in home building business in five years. (Kao Hoon, 17/03/16)

EASTW
EASTW expects 2016 net profit growth with a new target revenue growth of 5% from 2015 supported by high sales water quantity. It is considering increasing fees to reflect its cost. (Thun Hoon, 17/03/16)

Continue reading Stocks in the news (big, cho, daii, eastw, ecf, epco, fire, grammy, mill, mtls, ori, s, sc, solar, uac) 17.03.16

Stocks in the news (anan, banpu, bcp, bjchi, bwg, epco, forth, fpi, gunkul, ircp, k, l&e, maco, ndr, nok, rs, samart, sawad, tcj, tfd, tkn, tmi, trc, tvt, ubis, wha) 26.02.16

ANAN
ANAN targets 2016 revenue to reach Bt11bn backed by Bt37.2bn backlog. It plans to launch 12 projects, valued at Bt22bn. (Thun Hoon, 26/02/16)
Comment: Seems to be rather conservative estimates coming out from the management team given their backlog, lets see how things unfold during the year

BANPU
BANPU expects net profit to return to the black this year aided by US$70mn extra gain on Hongsa power plant and its coal capacity of 46.1mt/year. It plans to acquire a coal mine in Indonesia. It plans to issue a Bt10bn debenture. (Khao Hoon, 26/02/16)
Comment: Well and there’s a supposed listing of BANPU power..

BCP
BCP is budgeting Bt20bn for add 60 gas stations. It plans to list a subsidiary in 4Q16. (Thun Hoon, 26/02/16)

BJCHI
BJCHI reported its highest net profit at Bt1.32bn in 2015 supported by continuous construction of FPSO’s P75&77 projects. It targets 2016 revenue to grow not less than 15% thanks to Bt3.7bn backlog. It expects to be awarded new projects in April. (Thun Hoon, 26/02/16)
Comment: Impressive results given the huge drop in oil prices

Continue reading Stocks in the news (anan, banpu, bcp, bjchi, bwg, epco, forth, fpi, gunkul, ircp, k, l&e, maco, ndr, nok, rs, samart, sawad, tcj, tfd, tkn, tmi, trc, tvt, ubis, wha) 26.02.16

Stocks in the news (aot, beauty, brr, epco, epg, gl, jubile, lpn, pttgc, scc, snc, thai) 16.12.16

AOT
AOT’s 1QFY16 net profit was reported at Bt4.26bn, +18% YoY, driven by increasing flights (+11.92%) and passengers (+11.69%) (Khao Hoon, 16/12/16)
Comment: And it grows and grows

BEAUTY
BEAUTY interests foreign investors after inclusion in the MSCI. It expects 2016 revenue to grow at 20% and to expand the business to China. (Thun Hoon, 16/2/16)

BRR
BRR plans to add two new sugar factories and get into alternative energy. (Thun Hoon, 16/2/16)
Comment: Again the typical business transition of any sugar business

EPCO
EPCO plans to invest in power plants both in Thailand and abroad. It expects to 30% more revenue. (Thun Hoon, 16/2/16)
Comment: It is interesting to see how Thai utilities have been able to invest regionally. Both EPCO and RATCH have been on a buying spree in the past few years.

Continue reading Stocks in the news (aot, beauty, brr, epco, epg, gl, jubile, lpn, pttgc, scc, snc, thai) 16.12.16