Tag Archives: gel

Stocks in the news (aot, beauty, gel, gfpt, gunkul, irpc, kce, maco, ori, pk, ptg, thai, tkt, tse, utp) 23.09.16

AOT
AOT board approved the plan to develop Hat Yai airport. The development will cover a 2year period with a budget of Bt15.1bn. It expects to support 10mn passengers per year by 2030. (Kao Hoon, 23/09/16)
Comment: It’s quite interesting that nothing is ever really spoken about the development of Southern Thailand. If you look at the numbers, Hat Yai is an important part of Thailand’s economic development.
BEAUTY
BEAUTY is outstanding, with average profit growth of 36% per year in 2016-2017 due to more branches and distribution channels. (Kao Hoon, 23/09/16)
GEL
GEL plans to increase capacity to allow it to handle more jobs, both government and private. It targets increasing the portion of government jobs to 35% from 20% and is confident that 2016 revenue will reach its target of Bt1.8-2bn. It expects 2017 earnings to be good with revenue growth of 15-20%. It plans a JV with a partner to support business. (Thun Hoon, 23/09/16)
GFPT
GFPT is confident that 3Q16 earnings will be good, supported by high season. It plans to increase capacity to handle more exports to Japan. It expects margin to reach 14% from 12% last year due to cost management and expects 2016 revenue growth of 2-3%. (Thun Hoon, 23/09/16)
Comment: Still the best chicken operator in the country. Question now is what will happen to chicken prices over the next 6-12 months?
GUNKUL
GUNKUL targets power plant capacity of 1,000MW in Thailand with 200MW in Japan. It is the first 100% Thai company to be granted loans by large Japanese banks of JPY11.78bn to build a solar power plant with capacity of 38.1MW; COD is expected in 1Q18. (Thun Hoon, 23/09/1 6)

Continue reading Stocks in the news (aot, beauty, gel, gfpt, gunkul, irpc, kce, maco, ori, pk, ptg, thai, tkt, tse, utp) 23.09.16

Stocks in the news (ah, arrow, auct, bm, ctw, gel, intuch, k, malee, mc, pace, pf, plat, pttgc, rml, ttcl, tu, vte) 18.08.16

AH
AH expects 2016 revenue to grow 5% from last year’s Bt15.1bn due to large orders. It will pay a dividend of Bt0.33/share, XD on Aug 26, PD on Sep 9. (Thun Hoon, 18/08/16)
Comment: And the company has been doing share buybacks for the past few months
 
ARROW
ARROW expects 2H16 earnings to be good backed by Bt240mn backlog. It expects 2016 revenue to reach Bt1.4mn with gross margin at 25-30%. Its 1H16 net profit was Bt126mn. It will pay a dividend of Bt0.2/share, XD Aug 23. (Khao Hoon, 18/08/16)
Comment: We’ve questioned whether they have the capacity necessary to fulfill all the potential market demand and their current valuations
 
AUCT
AUCT expects 3Q16 earnings to be good brought by extra items from public bids. It plans to take part in 1-2 bids, and expects to know the results this year. It expects auction 60,000 vehicles this year. (Thun Hoon, 18/08/16)
BM
BM reported 1H16 net profit of Bt23mn, up 68.32% with revenue of Bt384mn, up 5.55%, backed by higher sales, especially from selling racks and conduits. (Khao Hoon, 18/08/16)
CTW
CTW expects 3Q16 earnings to be good supported by cable projects from ITD such as Suvarnabhumi phase 2, MRT Orange, Pink and Yellow lines, the Dawei project, and moving cables underground. (Thun Hoon, 18/08/16)

Continue reading Stocks in the news (ah, arrow, auct, bm, ctw, gel, intuch, k, malee, mc, pace, pf, plat, pttgc, rml, ttcl, tu, vte) 18.08.16

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 (bigc, csl, ever, gl, gel, genco, gold, intuch, nncl, pt, sc, scc, sppt, takuni, top) 11.02.16

BIGC
BIGC plans to open new branches and renovate old ones this year. It expects to increase its gross area with an eye to generating substantially more revenue. It plans a securitization. (Thun Hoon, 11/02/16)
Comment: Now that the deal with TCC Group is only 1.5 months away from being sealed n delivered, the thinking goes to, how will they be able to monetise the assets of BIGC? How quickly will they launched a potential rumoured REIT? He’s done ok with stripping assets out of F&N to pay off the debt load, wouldn’t be surprised to see the same strategy unfold here.
CSL
CSL’s board has approved as DPS of Bt0.2/share. It will ask shareholder approval on March 28. It reported 2015 net profit of Bt315mn (Bt0.53/share) backed by core business recovery and got the data center projects. (Thun Hoon, 11/02/16)
EVER
EVER says The Politan Rive condo has achieved Bt4.08bn in presales (74%). It expects this project to sell out by 1H16 (Bt6.28bn) and begin to contribute revenue in 2019. It plans to launch phase 2 soon. (Khao Hoon, 11/02/16)
Comment: Ahhh this magical name…..stay away.
GL
GL targets new loans of Bt20bn from the current level of Bt10bn, mainly from Bt14bn in international loans (Cambodia, Laos, and Indonesia), Bt5bn from GL, and Bt1bn from a subsidiary. (Post Today, 11/02/16)
Comment: Well that would explain the valuation today, but still its tough….just doing some back of the envelope numbers and it already expecting some THB 20 bn in total loans BUT that’s assuming…a spread of 23%…no NPL’s…

Continue reading Stocks in the news (bigc, csl, ever, gl, gel, genco, gold, intuch, nncl, pt, sc, scc, sppt, takuni, top) 11.02.16

Stocks in the news (aot, aqua, bkd, cgd, demco, ea, gel, gold, seaoil, sc, stec, trc, ttcl) 14.01.15

AOT
Waiting for cabinet approval — AOT is waiting for cabinet approval of the backup runway project with Multi-Function Terminal with an investment budget of Bt48bn. The PM has confirmed that the government wants AOT to set up an infrastructure fund to help finance its projects. The company’s board meeting will be held on January 21 and final conclusion is expected to be reached then. (Kao Hoon, 14/01/15)
Comment: This is going to keep AOT’s stock price high and every bank is going to falling over their feet to get their hands on the infrastructure fund.

AQUA
Denies claim by NMG — AQUA released a statement yesterday saying that the claim by NMG has no basis. The company’s operating performance has been stable and is still growing in contrast to NMG’s operating performance, where earnings have plunged by 77%. AQUA said that NMG claims were intended to damage AQUA’s reputation for NMG’s own benefit. (Kao Hoon, 14/01/15)
Comment: This shareholder fight is becoming quite funny. NMG vs SLC vs AQUA. No wonder drama shows are so popular in Thailand

BKD
BKD expects revenue this year to grow by 20-30% supported by its backlog of Bt2bn. It expects the proportion of revenue from the private sector to increase to 50% from 30%. It revealed that it has won a project to develop a housing project in Cambodia worth more than Bt500mn. (Kao Hoon, 14/01/15)

Continue reading Stocks in the news (aot, aqua, bkd, cgd, demco, ea, gel, gold, seaoil, sc, stec, trc, ttcl) 14.01.15

Stocks in the news (brr, cwt, gel, ichi, lhbank, mc, mint, moong, ocean, ptsc, rich, robins, top, utp, vpo) 25.11.14

BRR
BRR confident that 4Q14 performance will be peak and targets revenue of Bt5bn in 2015 with net profit growth of Bt300mn, +70% YoY, as it will book full-year revenue from biomass power plant. The company will invest Bt1.1bn in an ethanol factory and a third biomass power plant. (Kao Hoon, 25/11/14)
Comment: As mentioned before, it’s the same story for any sugar plant

CWT
CWT is confident that 2014 revenue will reach Bt1bn as it will book large revenue from backlog in 2H14. The company expects revenue of Bt1.2bn in 2015. (Kao Hoon, 25/11/14)

GEL
GEL sets up a subsidiary in Mauritius, to be completed in 1Q15, and a JV with MILL in Myanmar, which is expected to start operations in 2Q15. The board approved investment in MILL shares. (Kao Hoon, 25/11/14)

ICHI
ICHI expects good 4Q14 as purchasing power recovered. The company expects net profit of more than Bt1.1bn in 2014 after it cut the proportion of OEM, raising margin. The company expects revenue of Bt6.5bn in 2014 and sets a target revenue growth of 10% YoY in 2015 via export channels. (Kao Hoon, 25/11/14)
Comment: Well that’s big change from the “expected growth” it was going to receive from expanding to indonesia

Continue reading Stocks in the news (brr, cwt, gel, ichi, lhbank, mc, mint, moong, ocean, ptsc, rich, robins, top, utp, vpo) 25.11.14

Stocks in the news (brr, ba, dtac, irpc, gel, jas, nwr, ocean, sf, spali, trc, tse, whart) 21.10.14

BRR
Ready for IPO — BRR is ready to sell 169mn shares in an IPO. It is expected to finalize the offering price on October 27, 2014. It plans to be listed on the SET on November 6. The company plans to use the proceeds to increase its cane crushing capacity and as working capital. (Kao Hoon, 21/10/14)
Comment: As mentioned before IPO’s are coming fast and furious during this 4Q, looking at BRR it appears that it’ll have the same story as every other small IPO that has come to the market.

BA
Airline’s IPO falls short – Bangkok Airways has raised Bt1.04bn less in proceeds than planned as it opted to price its initial public offering (IPO) shares in a middle range. The airline earned Bt13bn from the sale of 520mn new shares, 7.40% short of the Bt14.04bn that was projected earlier if the ceiling price had been adopted. This resulted from its decision to price its IPO shares at Bt25, the middle of the indicative range of Bt23-27, executives of the carrier confirmed yesterday. (Bangkok Post, 21/10/14)
Comment: Demand for BA shares aren’t as high as they have indicated, if it really was 1.5x oversubscribed then the IPO would have been priced at THB 27, I doubt first day trading will be anything special.

DTAC
DTAC follows special Facebook friend – Total Access Communication Plc (DTAC), the country’s second-largest cellular operator, seeks to double its mobile data users within two years thanks to a rapid transition from 3G to 4G mobile services. The company will today announce a six-month content partnership with Facebook and together launch a special “Happy Connection” package in Thailand. (Bangkok Post, 21/10/14)

Continue reading Stocks in the news (brr, ba, dtac, irpc, gel, jas, nwr, ocean, sf, spali, trc, tse, whart) 21.10.14

Stocks in the news (advanc, cpf, css, dna, forth, gel, mill, mjd, samart, spa, tpipl) 20.10.14

ADVANC
ADVANC to launch fixed broadband service early next year. It targets 300,000 customers in the first phase and expects to invest Bt4.6bn. It also said that over the past two years it has invested Bt80bn in its 3G network and it expects to reach 20,000 3G base stations by the end of this year, covering 97% of the country’s population. (Kao Hoon, 20/10/14)

CPF
CPF: Food processing plant in Minburi 2 to focus on Halal food. It aims to make this plant a base for export of Halal food to the Middle East, Asia and Europe. The plant can produce up to 1,450 tons of chicken and 500 tons of duck each month. (Kao Hoon, 20/10/14)

CSS
CSS shares expected to run today on news of it coming out from the cash balance trading requirement and CSS-W1 to start trading today. Management said 3Q14 earnings were good supported by a high number of orders. (Kao Hoon, 20/10/14)

DNA
Shareholders okay PP — DNA’s shareholders have given their approval to the private placement of 500mn capital increase shares at a price of Bt0.20. It expects to use the proceeds of more than Bt1bn to acquire new businesses, with 2-3 deals expected to be completed within 4Q14 and another one at the beginning of next year. (Kao Hoon, 20/10/14)
Comment: PP at THB 0.20, while the share price is at THB 3.40, makes perfect sense doesn’t it?

Continue reading Stocks in the news (advanc, cpf, css, dna, forth, gel, mill, mjd, samart, spa, tpipl) 20.10.14

Stocks in the news (ap, bec, city, dna, gel, hitech, intuch, nok, ptnum, takuni, tipco, tk, tks) 24.09.14

AP
AP, Mitsubishi lay out plans – Mitsubishi Estate Group (MEC), one of Japan’s largest developers, plans to launch three to four residential projects next year in partnership with SET-listed developer AP (Thailand) Plc to capitalise on the recovering economy and improved political climate. “Thailand’s fundamentals such as long-term economic prospects and people’s income remain sound,” said Shojiro Kojima, managing director of affiliate Mitsubishi Estate Asia (MEA). “Our investment is truly for the long term.” (Bangkok Post, 24/09/14)
Comment: It’s a good plan for AP, lightens their balance sheet while still being able to continue expansion

BEC
Channel 3 talks fail, BEC may sue — The second round of talks to end the dispute between Channel 3 and the broadcasting regulator was another failure, and Bangkok Entertainment Co, holder of the analogue channel’s concession, is mulling legal action. (Bangkok Post, 24/09/14)
Comment: BEC is still facing a potential blackout

CITY
CITY sets revenue FY2015 growth target of 5-10% backed by an increase in its customer base. It plans to invest Bt50mn into maintenance and repair on its machinery. It has set up a subsidiary in Hong Kong and hopes to create a brand image for its electronic appliances. The board is also studying plans to expand into alternative energy. (Thun Hoon, 24/09/14)
Comment: CITY is a well-run little company that used to be a very straightforward 5-10% growth with a decent dividend.

Continue reading Stocks in the news (ap, bec, city, dna, gel, hitech, intuch, nok, ptnum, takuni, tipco, tk, tks) 24.09.14

Stocks in the news (cpf, gel, grammy, mill, n-park, ofm, pca, ratch, slc, sst) 23.07.14

CPF

CPF plans to expand into food business in Australia. CPF targets 500 chain restaurant branches, and also looks to sell its ready made meals, which it believes has strong potential. The management estimates CAPEX in the range of AU$200mn spread over five years. (Kao Hoon, 23/07/14)

Comment: CPF is continuing on their mission to be the kitchen to the world, shame about the child labour though.

GEL

GEL: revenue growth of 30% from new buyers. The management is confident that due to NCPO policies 3Q14 should see more construction thus additional demand for its products. (Kao Hoon, 23/07/14)

Comment: Another construction materials company that could benefit if the infrastructure plans go ahead.

GRAMMY

GMM Grammy, CTH plan share swap to keep lid on pay TV business loss – GMM Grammy will make a share swap with CTH via its wholly owned subsidiary Z Trading in a Bt1bn transaction as Grammy tries to focus solely on digital television and exit pay TV, while CTH strives to expand its viewership and content. (The Nation, 23/07/14)

Comment: Will post thoughts on this later today.

Continue reading Stocks in the news (cpf, gel, grammy, mill, n-park, ofm, pca, ratch, slc, sst) 23.07.14