Tag Archives: forth

Stocks in the news (bay, bsm, ci, forth, lph, nyt, planb, sawad, sgp, siri, spa, tapac, thani, ticon, vibha) 16.09.16

BAY
BAY expects 2016 auto leases to reach Bt133bn. It has raised its loan target to Bt279bn after expanding its services to the eastern part of the country. (Thun Hoon, 16/09/16)
Comment: The moment that BAY increases the free float i wouldn’t be surprised to see the stock price increase based purely upon fund flow
 
BSM
BSM expects 2H16 earnings growth to be outstanding after 1H16 profit of Bt0.97mn. It expects to focus on high margin products and launch new products. It is confident that 2016 revenue will hit its target of Bt700mn, growth of 20%. It plans to sign a contract for work in Papua New Guinea worth Bt100mn in 4Q16. (Thun Hoon, 16/09/16)
CI
CI expects 4Q16 to be outstanding due to booking revenue from the sale of assets and high season. It expects 2016 revenue to reach its target of Bt3bn, supported by booking revenue from more projects and launching a new project worth Bt2.91bn. This will increase its backlog from more than Bt2bn. (Thun Hoon, 16/09/16)
Comment: If you compare CI today versus where it was 5 years ago you’d be impressed by their ability to become a property company with relatively consistent earnigns
 
FORTH
FORTH expects to bid for a government project worth Bt1bn and expects to get the job. It maintains its 2016 revenue target at Bt5.8bn, supported by more orders and its subsidiary. (Thun Hoon, 16/09/16)
LPH
LPH has switched to long-term lease of Decha Hospital from an outright purchase. The lease will extend 20 years and a decision is expected this month. It expects 3Q16 revenue growth of 10%, giving 2016 revenue growth of 10-15%. It plans to buy two hospitals. (Kao Hoon , 16/09/16)
NYT
NYT is negotiating with a foreign partner to do a port in Indonesia to support auto production and plans to add a warehouse on 80 rai to generate income. It plans to increase investment in the C0 port to 29% from 20%. It expects 2016 profit to record a new high, supported by increasing auto exports. (Thun Hoon, 16/09/16)
Comment: The monopoly expands

Continue reading Stocks in the news (bay, bsm, ci, forth, lph, nyt, planb, sawad, sgp, siri, spa, tapac, thani, ticon, vibha) 16.09.16

Stocks in the news (amata, big, biz, epg, forth, gpsc, jwd, max, mtls, pf, smart, snc, top, ubis, xo) 09.08.16

AMATA
AMATA is studying invest in a solar roof to be installed on AMATA Summit ready-built roofs and expects to make a decision this year. It targets 2016 revenue growth of 20%. It plans to open an industrial estate in Myanmar which will focus on customers in India, Bangladesh and China. (Thun Hoon, 0 9/08/16)
BIG
BIG reported 1H16 profit of Bt419mn or up 192% supported by more revenue. It expects 2H16 to continue to grow due to high season. It plans to launch two big events at the end of the year to support sales and expects revenue and profit to record a new high . (Khao Hoon, 09/08/16)
Comment: Still great growth on a YoY basis but it dropped rather sharply QoQ. So how will analysts value this? Are we going to see more magical PEG numbers
 
BIZ
BIZ expects 3Q16 revenue growth of more than 20% QoQ and is maintaining its 2016 revenue target growth of 50-60% YoY supported by its backlog of Bt566mn, of which will book 60% this year. It expects to get revenue of more than Bt300mn from bidding for hospital job, both government and private, and expects to know the results in 2H16. (Khao Hoon, 09/08/16)
EPG
EPG expects 1QFY16 profit to be a new high of Bt385mn, surging 60% supported by insulated rubber and automotive parts business growth. It will report earnings on Aug 15. (Khao Hoon, 09/08/16)
Comment: Their ability to continue this growth has been impressive. One day they are hoping that the entire car will be made out of some form of plastics because then EPG will effectively become an indirect car manufacturer.
 
FORTH
FORTH
continues to bid for government communication projects. It is maintaining its 2016 revenue target of Bt5.8bn supported by its subsidiary and more orders. (Thun Hoon, 09/08/16)

Continue reading Stocks in the news (amata, big, biz, epg, forth, gpsc, jwd, max, mtls, pf, smart, snc, top, ubis, xo) 09.08.16

Stocks in the news (bsm, bew, ci, cpf, drt, forth, gland, hpt, ifec, kool, malee, pttep, sf, stpi, super, tcj) 12.07.16

BSM
BSM expects 2H16 earnings to be good supported by high season. It expects to get Bt50mn in orders from Myanmar and Cambodia. It is confident that 2016 profit will be higher than last year and expects revenue of Bt700mn. It is negotiating with a partner to expand its business. (Thun Hoon, 12/07/16)
BEW
BEW has set up a subsidiary, Be Green Development Company Limited, to engage in the property business. It expects to support industrial estates in the renewable energy industry. (Khao Hoon, 12/07/16)
CI
CI doing a commercial project in Cha-am to support its revenue and expects it to conclude in 2017. It has a new Bt4.7bn project of to add to its backlog of Bt3bn. It expects 2016 sales to go over Bt3bn, supported by the tax stimulus. (Thun Hoon, 12/07/16)
Comment: In the past few years their strategy has evolved to provide a more consistent 
CPF
CPF expects 2Q16 net profit of Bt4.11bn or growth of 38%, supported by domestic business growth and booking Bt1.5bn in profit from the sale of CPALL shares. It expects to report earnings on Aug 11. (Khao Hoon, 12/07/16)
Comment: Love the trading gains in CPALL!

Continue reading Stocks in the news (bsm, bew, ci, cpf, drt, forth, gland, hpt, ifec, kool, malee, pttep, sf, stpi, super, tcj) 12.07.16

Stocks in the news (ait, bjc, chow, ck, dcorp, ea, forth, gpsc, lit, samco, sat, seafco, sgp, super, tmb) 03.06.16

AIT
AIT has backlog of Bt2.73bn, which it expects to realize in two years. It plans to bid for new jobs worth Bt18bn and expects to get at least 45-50%. It plans to expand its Data Center project with a partner with a budget of Bt800mn. It is negotiating with a partner to add new products in Cambodia and Laos. (Thun Hoon, 3/6/16)
Comment: It does look like the IT project sector his beinnng to show some life
BJC
BJC expects 2016 revenue growth of 300% supported by BIGC earnings. It expects to finish the rights offering and private placement in July-August. It plans funding of Bt80bn. (Kao Hoon, 3/6/16)
Comment: and a dilution of … ?
 
CHOW
CHOW reported 1Q16 profit growth 381.60% supported by steel business recovery and more orders. It is building a new 12MW facility in Japan and expects to be able to record revenue from at least 80MW. It has EPC backlog of ¥12bn. (Thun Hoon, 3/6/16)
Comment: perhaps one of the few companies to have made a proper concerted effort to shift from construction to alternatives
CK
CK expects to sign the Bt19.4bn contract to construct Sayaburi in 2Q16, lifting its backlog to Bt97bn. If BEM gets the Blue Line job, it expects to get a contract to build the rail network valued at Bt25bn. (Kao Hoon, 3/6/16)
DCORP
DCORP bought 40% in a solar power plant in the Philippines from two companies. The plant has capacity of 320MW. It expects to spend no more than US$15.36mn. It expects to finish the deal in July. It expects sustainable revenue and profit growth. (Thun Hoon, 3/6/16)
Comment: #s don’t quite add up if it only costs USD 15mn to buy a stake in a powerr plant that has 320MW in capacity

Continue reading Stocks in the news (ait, bjc, chow, ck, dcorp, ea, forth, gpsc, lit, samco, sat, seafco, sgp, super, tmb) 03.06.16

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 (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 (bwg, forth, fsmart, gunkul, ichi, iec, intuch, kbank, lh, mcs, mpg, nncl, siri, spcg, thani, trc, tta, uac) 21.01.16

BWG
BWG expects to win numerous waste disposal contracts after Department of Industrial Works vows to tighten its pollution control enforcement. Its 500MW PPA is expected to be finalized by 1Q16, leading to income turnaround going forward. BWG also plans to list its subsidiary, the Earth-Tech Environment co., ltd. (Thun Hoon, 21/01/16)
Comment: It’s quite interesting to see BWG’s turnaround over the past few quarters, from what was one poorly managed company they’ve somehow transitioned well to the waste to energy and waste disposal businesses (which are incredibly hard to break into…)

FORTH
FORTH expects a big earnings jump in 2015 from Bt337mn the previous year, backed by numerous orders and its subsidiary. Bt900mn has been earmarked for an investment in Top Up machine which will be deployed at home and abroad. It plans to increase backlog from the current level of Bt300mn. (Thun Hoon, 21/01/16)
Comment: Again the real value in FORTH is FSMART

FSMART
FSMART plans to partner with KBANK to provide money transfer service via Boon Term Top Up machine. It sets Bt600mn investment budget for the deployment of 25,000 additional Top Up machines this year, after installed 65,000 machines last year. It expects revenue and net profit to hit new high in 2015, followed by 30% growth in 2016. (Thun Hoon, 21/01/16)
Comment: They are continually finding more and more ways to add more value to their top-up machines, just a wonderful business model.

GUNKUL
GUNKUL expects 2016 revenue of Bt6bn (25% growth) aided by 143MW power plant. It plans to kick start 1Q16 with additional 10MW. Company believes it has enough capital to expand its investment as planned. (Thun Hoon, 21/01/16)
Comment: So for now it looks like all of the capital increases are done.

ICHI
ICHI targets 2016 revenue of Bt7.5bn on the back of cost control, market expansion, launching more marketing campaign and new products. 2015 revenue is a miss, registered only Bt6.4bn due to market slow down and increasing competition. (Khao Hoon, 21/01/16)
Comment: They have “missed” a lot since their ipo…

Continue reading Stocks in the news (bwg, forth, fsmart, gunkul, ichi, iec, intuch, kbank, lh, mcs, mpg, nncl, siri, spcg, thani, trc, tta, uac) 21.01.16

Stocks in the news (acap, ccp, centel, crane, forth, gl, irpc, lit, mjd, ppp, ps, sawad, smart, tasco) 07.01.16

ACAP
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
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
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
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.

Continue reading Stocks in the news (acap, ccp, centel, crane, forth, gl, irpc, lit, mjd, ppp, ps, sawad, smart, tasco) 07.01.16

Stocks in the news (abc, com7, csp, ctw, dcorp, forth, iec, ktc, lph, mtls, ncl, pmta, pttep, tsk, ttcl) 23.11.15

ABC
ABC plans to do M&A and acquisition. It is talking to acquire two property projects and expects the deal for one to be concluded this year. It plans to launch the Bt2.5bn ABC Residential condo. It plans to introduce a new service “E-Payment” in December. (Khao Hoon, 23/11/15)
Comment: We are still confused about this company’s business model, eservices, property, renewable energy?!

COM7
COM7 expects 2015 revenue to be an 18-year high. It expects 4Q15 revenue to be not less than Bt4bn thanks to 4G. It expects to finish its 2016 business plan in December. (Thun Hoon, 23/11/15)
Comment: And iphone sales of course

CSP
CSP is talking to prospective partners to take part in mega project. It expects talks to be concluded at the beginning of next year. It expects 2016 revenue to turn around, backed by Bt100-200mn in exports to Myanmar. (Thun Hoon, 23/11/15)

CTW
CTW expects 2016 to grow because it plans to expand its business by doing a JV between its subsidiary and a management system company. It expects to be a major systems management company for ADVANC, DTAC, and TRUE. It expects to get many projects from both the public and private sectors. It expects to get an MRT project from ITD. (Thun Hoon, 23/11/15)

Continue reading Stocks in the news (abc, com7, csp, ctw, dcorp, forth, iec, ktc, lph, mtls, ncl, pmta, pttep, tsk, ttcl) 23.11.15

Stocks in the news (22.10.15)

Names today: AIT, ILINK, BKD, CHOW, DELTA, DEMCO, EASTW, EPCO, FORTH, LIT, MCS, QH, SAMCO, SUSCO

AIT
AIT cooperating with ILINK to invest in a data center. It has got a Bt600mn job which is expected to start up in 2016. It expects this to boost performance next year. It expects 2015 revenue of Bt5.2bn with Bt3.2bn work on hand. (Thun Hoon, 22/10/15)
Comment: Quite clever that these two firms are going to work together with the data center’s.

BKD
BKD expects 2016 revenue to be good on the back of Bt2.7bn backlog. It expects 2015 revenue of Bt1.3bn. (Khao Hoon, 22/10/15)

CHOW
CHOW expects 2016 net profit of Bt350mn. It plans to list its subsidiary soon. 3Q15 performance is expected to grow from 2Q15 because of numerous orders and revenue contribution from solar farm in Japan. (Thun Hoon, 22/10/15)
Comment: The expansion to Japan is will begin full contribution next year, and I am curious to see how the Thai firms GUNKUL and CHOW deal with the currency fluctuation.

DELTA
Hong Kong investors are interested in DELTA shares because of its strong fundamentals and good financial status. It expects this deal to be finalized soon. It expects 2015 revenue to grow 5-10% from 2014’s Bt45bn backed by high demand and the weaker bath. (Thun Hoon, 22/10/15)

Continue reading Stocks in the news (22.10.15)