Tag Archives: erw

Stocks in the news (a, akr, ama, banpu, bbl, bdms, erw, fsmart, genco, ilink, irpc, kcm, phol, pstc, sat, sci, snc, vng, wha) 29.08.16

A
A plans to open new projects worth Bt6bn to bring its backlog to Bt1bn. It expects 2016 revenue to grow 30% from Bt4.45bn last year, supported by more transfers. (Thun Hoon, 29/08/16)
Comment: One of the most stable stock price charts I have ever seen
 
AKR
AKR expects 3Q16 to turn to profit after booking backlog. It expects to bid for a new job in Thailand in 2H16. It targets 2016 revenue of Bt2.5bn and plans to do a JV with in Indonesia and Vietnam with local partners for power plants abroad. (Thun Hoon, 29/08/16)
AMA
AMA has filed for an IPO with the SEC of 108mn shares. It expects to expand its fleet and vehicles to allow it to get in on potential in Thailand and abroad. (Kao Hoon, 29/08/16)
Comment: No idea who this is, but looking forward to seeing another first day bounce
 
BANPU
BANPU is preparing to increase capital of Banpu Power or BPP to shareholders at a ratio 18-25 BANPU shares to 1 BPP share. It will pay an interim dividend of Bt0.25/share, XD on Sep 8. (Kao Hoon, 29/08/16)
Comment: Another capital increase. Getting ready for the listing of BPP in the near future perhaps. 
 
BBL
BBL will pay an interim dividend of Bt2/share, payment on Sep 23. (Kao Hoon, 29/08/16)
BDMS
BDMS expects 3Q16 to be outstanding due to high season and more customers. It expects 2016 profit to reach Bt9bn, growth of 15%. It plans to expand to 50 hospitals within 2-3 years. (Kao Hoon, 29/08/16)

Continue reading Stocks in the news (a, akr, ama, banpu, bbl, bdms, erw, fsmart, genco, ilink, irpc, kcm, phol, pstc, sat, sci, snc, vng, wha) 29.08.16

Stocks in the news (aot, bkd, cpn, cwt, dtac, erw, gfpt, irpc, ktc, pap, ps, salee, sat, sccc, thai) 26.07.16

AOT
AOT expects 3QFY16 net profit to hit Bt4.9bn, up 21%, giving 9MFY16 net profit of Bt15bn, up 17%. This came from higher passenger pass-through of 90mn passenger in the first nine months (+12%). (Khao Hoon, 26/07/16)
Comment: Altogether now, 1, 2, 3, amazing thailanddddd.
BKD
BKD expects to get jobs worth Bt300bn in 2H16 which will increase its backlog to 1.8bn. It expects 2H16 net profit to be good because of seasonality. It expects to recognize Bt400mn revenue in 2H16. (Thun Hoon, 26/07/16)
CPN
CPN yesterday announced the launch of its first mixed-use property project in Nakhon Ratchasima at the cost of Bt10bn. (The Nation, 26/07/16)
CWT
CWT expects 2H16 earnings to be good driven by automotive and exports. It expects 2016 revenue to pick up from Bt1.38bn to Bt1.5bn aided by numerous orders. It plans to take part in upcoming PPA bidding. It expects to complete a power plant deal in the north by 4Q16. (Thun Hoon, 26/07/16)
DTAC
DTAC chief marketing officer Sitthichoke Nopchinabutr aims to make the company the No 1 digital brand in Thailand by 2020 through revitalising its brand image, providing digital services that meet the needs of all market segments, and enhancing relationships and partnerships with local and global partners. (The Nation, 26/07/16)
Comment: Well it isn’t happening in the numbers

Continue reading Stocks in the news (aot, bkd, cpn, cwt, dtac, erw, gfpt, irpc, ktc, pap, ps, salee, sat, sccc, thai) 26.07.16

Stocks in the news (ait, cpf, cpn, epg, erw, ktc, mill, nch, ori, pttep, ratch, tnp, trc, tvt) 15.07.16

AIT
AIT has backlog of more than Bt3bn. It plans to bid for new jobs from both the government and private entities. It plans to announce a partner with which it will engage in data center operations in August. It is confident that 2016 revenue will reach Bt5.7bn. (Thun Hoon, 15/07/16)
Comment: Well then who is going to take the data center business given that the government is no longer going to do that stupid deal
 
CPF
CPF acquired 2.75mn shares of Norfolk at US$1.45/share for a total of Bt141mn. It expects this deal to complete in 3Q16. It expects this to be a milestone to broaden its food business in Sri Lanka and as an export base to neighbouring countries. (Khao Hoon, 15/07/16)
CPN
CPN and Central Department Stores in Bangkok have budgeted Bt100mn to hold a food festival tagged “Central Bangkok Taste of the World”. It expects this to attract 30% more tourists and bring in revenue of at least Bt500mn. (Khao Hoon, 15/07/16)
EPG
EPG expects 1QFY17 earnings growth over 15% YoY from profit of Bt287mn in FY2015 supported by more orders. It expects FY2016 revenue of Bt10-11bn. It has budgeted Bt1bn to buy machinery to enable it to expand its business to ASEAN. (Thun Hoon, 15/07/16)
ERW
ERW expects 2Q16 earnings to be good thanks to tourism recovery which has given high occupancy rates. It is budgeting Bt1.7bn to expand HOP INN in Thailand and abroad. It is confident that 2016 revenue will grow no less than 15%. (Thun Hoon, 15/07/16)
Comment: The question on everyone’s mind is when will they launch their REIT

Continue reading Stocks in the news (ait, cpf, cpn, epg, erw, ktc, mill, nch, ori, pttep, ratch, tnp, trc, tvt) 15.07.16

Thailand is #1 for China Tourists

And here you go…I wouldn’t be surprised to see 50% of all tourists in Thailand come from China within the next 5 years. So who benefits? It is isn’t necessarily just the airport (AOT), airlines (AAV, BA, NOK, THAI) nor the hotels (ERW, MINT, CENTEL, DTC) but names like BEAUTY have said that they’ve benefited from Chinese tourists, so the question is who else will benefit and be next sector/company that will grow?

Thailand is #1 for Chinese Tourists

Source: Bloomberg

Stocks in the news (ci, ea, earth, erw, hmpro, ifec, ilink, jmart, mtls, prin, ptg, s, sci, siri, thai, true, tsr, uac) 01.03.16

CI
CI expects revenue to reach Bt6bn in three years. It reported revenue growth of 15% to Bt2.7bn in 2015 supported by backlog of Bt3-4bn. It plans a deal with a China partner to set up a 5-star hotel. It plans to set up a Bt1.5bn REIT for Sripanwa Hotel in 2H16. (Thun Hoon, 1/3/16)
Comment: It’s a fairly straight forward story here for CI, they have the assets on hand to switch into the REIT, they’ve already done one (property fund) for Sri Panwa’s first phase of assets and it’s a basic continuation, doesn’t hurt that they have done a sharebuyback over the past 21-18 months either.

EA
EA sets target revenue growth og 30% from Bt9.2 in 2015 supported by booking profit from a 90MW solar farm in Pitsanulok and COD of a wind power plant around midyear. It reported profit growth of more than 67% or Bt2.7bn in 2015. (Kao Hoon, 1/3/16)

EARTH
EARTH will pay a dividend of Bt0.10/share, XD on March 14. It reported profit in 2015 of Bt1.03bn. Management target revenue growth of at least 10% supported by coal sales of more than 11mn tons. (Kao Hoon, 1/3/16)

ERW
ERW expects earnings in 1Q16 will be good supported by high season and occupancy rate up to 85%. It expects revenue growth of more than 15% in 2016. It has budgeted Bt1.7bn to open seven new hotels in Thailand and the Philippines. (Thun Hoon, 1/3/16)
Comment: We do wonder, in the future will ERW follow the footsteps of all the other major asset owners and decide to shift from being asset based to doing more management contracts

Continue reading Stocks in the news (ci, ea, earth, erw, hmpro, ifec, ilink, jmart, mtls, prin, ptg, s, sci, siri, thai, true, tsr, uac) 01.03.16

Stocks in the news (ap, auct, bjchi, ccn, cho, epco, erw, gpsc, ktc, ktis, mint, pl, ptt, richy, sena, tndt, top, tpoly) 25.08.15

AP
AP expects Thailand economy to be impacted by China and US troubles but it believes public investment will keep the economy on track after cabinet reshuffle. AP has achieved presales of Bt19.88bn over the first seven months with Bt13.54bn backlog. It plans to launch Baan Klang Muang Rama 2 with selling price Bt7-9mn. (ASTV, 25/08/15)
AUCT
AUCT will hold Customs auction of 579 high-end cars including Bentley, Porsche, Audi, Mercedes Benz, Ferrari, BMW and Lexus. It expects this to contribute Bt500mn to Customs. (Khao Hoon, 25/08/15)
Comment: Remember the AUCT only receives a fee per transaction, it doesn’t benefit as much as people believe on such a sale
BJCHI
BJCHI expects 2015 revenue growth to achieve its 15% target backed by Bt6.5bn backlog and nine upcoming bids. (Khao Hoon, 25/08/15)
CCN
CCN is looking for a partner to invest in IT system business overseas. It plans to bid for Bt100mn in public projects. (Thun Hoon, 25/08/15)
CHO
CHO expects 2015 revenue to grow 80%. It will sign an NGV bus contract with BMTA on September 16 after the court has given its ruling, allowing the deal to move forward. (Khao Hoon, 25/08/15)

Continue reading Stocks in the news (ap, auct, bjchi, ccn, cho, epco, erw, gpsc, ktc, ktis, mint, pl, ptt, richy, sena, tndt, top, tpoly) 25.08.15

Stocks in the news (advanc, bafs, bjchi, ecf, erw, estar, erw, estar, fsmart, gcap, intuch, malee, ptt, sorkon, stec, thcom) 19.08.15

ADVANC
ADVANC maintains its 3% revenue growth target this year. The company plans to expand to the 4G network in 3-4 months if it wins the 4G auction. (Thun Hoon, 19/8/15)
BAFS
BAFS plans to raise this year’s revenue target in response to high demand. It plans to use Bt600mn CAPEX this year for business expansion. (Khao Hoon, 19/8/15)
Comment: Should AOTs Phase 2 expansion go ahead, BAFS is a natural beneficiary of this.
BJCHI
BJCHI expects QoQ stronger revenue in 3Q15 and targets 15% YoY revenue growth this year backed by baht depreciation and more projects. (Thun Hoon, 19/8/15)
Comment: When oil prices first declined to 50 bbl I still wasn’t worried about the prospects of BJCHI, now with oil @ 40 bbl I still feel the same
ECF
ECF believes its revenue growth target of 12% this year is achievable. Revenue from local and overseas is strong and it expects to boost the proportion of revenue from exports to not less than 20% of total revenue this year. (Khao Hoon, 19/8/15)

Continue reading Stocks in the news (advanc, bafs, bjchi, ecf, erw, estar, erw, estar, fsmart, gcap, intuch, malee, ptt, sorkon, stec, thcom) 19.08.15

Stocks in the news (beauty, cho, cpn, ea, emc, erw, ever, irpc, maco, pt, ptg, sim, siri, smm, svoa, sricha, trc, vgi) 05.08.15

BEAUTY
BEAUTY wound up a road show in London and Edinburgh and response was better than it had expected. It expects 2005 revenue to be higher than Bt1.7bn (20%b growth), benefitting from more stores and new products. (Khao Hoon, 05/08/15)
CHO
CHO expects to sign a contract for 489 NGV buses with BMTA on Aug 17 after the court has dismissed the accusation by Bestrin group. (Khao Hoon, 05/08/15)
Comment: Its wonderful news for CHO however it’s one off and then earnings will return to “normal business” levels post this transaction
CPN
CPN has budgeted Bt20bn to open Central Phuket on 111rai, expects this property to be a center of business and tourist attraction. It plans to develop this property for hotels, convention center, and department store which is expected to be done in 2017. (Khao Hoon, 05/08/15)
Comment: Other than the massive mistake that is Central Embassy, CPN is still THE best pure mall play in Thailand.
EA
EA expects 2Q15 net profit to be higher than Bt800mn backed by solar farm, lifting 1H15 net profit to Bt1.4bn. Management is confident 2015 revenue will reach Bt10bn. It targets net profit growth of 50%. It expects annual revenue of Bt6bn from 2017 onward. (Khao Hoon, 05/08/15)
Comment: No change in the story here, however the stock price has seem to lost it’s interest from the investing publich w/ the price off some 33% from its 52 week highs. 

Continue reading Stocks in the news (beauty, cho, cpn, ea, emc, erw, ever, irpc, maco, pt, ptg, sim, siri, smm, svoa, sricha, trc, vgi) 05.08.15

Co Visit: Erawan Group Plc (ERW)

Complete market coverage the key for Erawan

The Erawan Group Plc (ERW) operates more than 5,000 hotel rooms ranging from budget to luxury, and aims to become Thailand’s leading hotel developer and investor. President Kamonwan Wipulakorn discusses the company’s strategy and outlook.

Please explain Erawan’s business model.

Erawan operates in the hotel industry and focuses on quality assets and services. We view our activities from an investment standpoint and aim to be the leader in Thailand. As of the end of 2014 we had 5,289 rooms, the largest among listed companies in Thailand, and aim to reach 5,600 rooms by the end of 2015. Our properties range from budget to luxury in Thailand’s major cities and tourist destinations.

Erawan has a wide-ranging portfolio. How is each asset group performing?

Our portfolio covers various segments starting from luxury hotels such as Hyatt, Marriott, Renaissance and Luxury Collection; to midscale with Courtyard by Marriott, Holiday Inn and Mercure; economy with Ibis, and finally budget with our own Hop Inn brand. This year we expect growth in each segment ranging from 20% to 500%, as a result of the recovery in the tourism market and the additional room inventory.

ERW

Kamonwan: Politics, competition top risks

We will continue to expand the midscale, economy and budget segments as we see continued demand growth with limited supply growth. In addition, developing a luxury hotel today is more challenging because of the limited of quality locations. Overall our occupancy rates for Bangkok hotels are 85% and our upcountry hotels are also performing well.

Hop Inn is Erawan’s first branded hotel business. Why did you develop it and what are the plans for it?
We analysed the market for domestic corporate and SME travellers and found that the budget segment lacked a leading hotel network with brand recognition. Thus we are developing a Hop Inn brand that offers high value for its price point and consistent service quality throughout all locations in the country. This year we are opening five hotels and next year we plan 10 more.

Continue reading Co Visit: Erawan Group Plc (ERW)

Stocks in the news (acd, anan, dcc, erw, fire, ifec, hmpro, ktc, planb, polar, qlt, rs, sappe, svoa, tfd, tmb, tpipl, vibha, wha) 15.07.15

ACD
ACD expects to show net profit in 3Q15 backed by property management fees of Bt35mn. It plans to buy three hotels in Phuket, expected to be finalized in 4Q15. It plans to acquire more property business in Laos and Cambodia. It is confident 2015 revenue will be higher than Bt1bn and expects to wipe out retained losses within two years. (Thun Hoon, 15/07/15)

ANAN
ANAN expects 2H15 revenue of Bt10bn backed by revenue recognition. Management says it plans to launch new projects that will contribute revenue for the next three years. (Thun Hoon, 15/07/15)
Comment: I think the journo’s don’t understand what they are writing here, ANAN isn’t going to have THB 10 bn in revenue in its 2H15, perhaps an additional THB 10bn of new backlog to be recognised in the future.

DCC
DCC plans to open new outlets in Cambodia and Laos. It expects exports to double this year benefitting from numerous orders from Sri Lanka, the Philippines, and Malaysia. It targets sales of Bt7bn with profit in the double digits. (Thun Hoon, 15/07/15)
Comment: Every thai co in this segment has to expand overseas, the domestic market is dead for them, until agricultural prices increase …

ERW
ERW expects tourist sector to continue to trend up in 2H15. It expects 2015 revenue to grow 30-35%. It plans to open 5 HOP INN hotels in 3Q15-4Q15 and 10 in 2016. (Thun Hoon, 15/07/15)
Comment: Always liked this company, but its a asset heavy business and despite their best attempts it isn’t easy to increase value.

Continue reading Stocks in the news (acd, anan, dcc, erw, fire, ifec, hmpro, ktc, planb, polar, qlt, rs, sappe, svoa, tfd, tmb, tpipl, vibha, wha) 15.07.15