Buy(s) THB 71.6 mn
- BA – And the owner still continues to buy back his shares in the market
Sell(s) THB 404 mn
- ITD – And the exact opposite of BA, here K. Premchai continues to sell his shares!
- ACD – The President and major shareholder sells over 10% the co, to who and why?
- GRAND – Is the family thinking that this deal with PF isn’t wonderful?
- ROCK – A director sells off some shares, must’ve been an off the market transaction
ABICO expects 2Q15 profit to be good, benefitting from increasing in international customer base. It says 68% capacity is enough for handling the new orders. It does not have any investment plan. (Thun Hoon, 18/06/15)
Comment: An interesting holdco with a stake in MALEE, now the question is how do value a cow? (they own some ~300 cows)
AJD says foreign investors are interested in its shares due to strong fundamentals. Management is confident 2015 revenue will be surge (+50%) with 2mn set-top boxes sold. (Thun Hoon, 18/06/15)
AMC’s 1H15 performance is expected to be better than 1H14 losses of Bt17.54mn backed by higher orders from public and private mega projects. 2Q15 revenue is expected to be near 2Q14’s at Bt1.13bn, with net profit of Bt6.81mn. (Thun Hoon, 18/06/15)
Comment: Perhaps one of the cleaner steel companies in the market
CCET expects a stable growth in 2Q15 earnings aided by robust sales in April and May. 2015 revenue is expected to mark a record high compared to last year’s Bt150bn. It plans to expand abroad. (Thun Hoon, 18/06/15)
Comment: A well performing company in a rubbish industry, in the end this industry is dominated by scale, something which CCET has.
Solar license soon — AKR’s management said that the state should decide on the licensing of the total 800MW of solar license sometime in February-March. It expects to receive license for 20-30MW, which should help profit. (Thun Hoon, 21/01/15)
AMATA sees good 2015 ahead as it expects to book Bt4bn in revenue from its backlog. It is also in negotiations with Chinese and Japanese clients to sell more land. It plans to invest Bt3-4bn to develop land in industrial estates both at home and abroad. (Thun Hoon, 21/01/15)
Comment: Only two things to care about for AMATA this year, one the IPO of Amata Vietnam, two its REIT.
AOT to name new head today – The new president of the Airports of Thailand Plc (AOT) should be announced today, while the agency continues to go ahead with its plan to expand airports nationwide and launch promotions to deal with the rebound in the travel industry. (The Nation, 21/01/15)
Employees trying to halt PTT sale of shares — BCP employees have drafted a letter to the PM in hopes of halting the sale of BCP shares held by PTT. The employees say they do not want BCP shares to fall in the hands of other investors and confirm that they have no plan to buy more BCP shares themselves with their own money or via loans, which the board had proposed earlier. (Krungthep Turakij, 21/01/15)
Comment: If management was incredibly confident in the future of BCP, an MBO should be an option but I suppose their recent purchase of an oil co pre oil price crash doesn’t instill much confidence in the banks.
CBG sets IPO price range of Bt26-28/share and subscription period during 12-14 November. The company will list on the SET on 21 November and expects to use the funds from the IPO to repay debt and expand, focusing on CLMV markets. (Kao Hoon, 10/11/14)
ESSO plans to invest Bt2.2bn to increase refinery and petrol station efficiency. The company expects to take second place in terms of market share in the retail market. It confirms that it has no plan to divest its refinery. (Kao Hoon, 10/11/14)
Comment: The sleepy ESSO has finally woken up!
GRAND reported 3Q14 net profit of Bt45.4mn from net loss of Bt68.3mn in 3Q13 as it booked revenue from Hyde Sukhumvit. The company is studying to form a partnership with domestic and overseas hotels after board approval. (Thun Hoon, 10/11/14)
Comment: The Hyde Sukhumvit is all that GRAND has going for it at the moment, most of their other major assets are leaseholds which only have a few years left.
- TPROP owns 2 office buildings, namely One Pacific Place and Two Pacific Place where are both located near the BTS Nana station. Currently these 2 buildings generate about THB 245 mn with a GPM of 63.7% in 2013. The other major investment of TPROP is in GRAND.
- GRAND has two property components on their portfolio, first up are the hotels; 3 of them, The Westin Grande Sukhumvit, Sheraton Hua Hin Resort & Spa and Sheraton Hua Hin Pranburi, it has a fourth hotel on the way which is currently under construction, the Hyatt Regency. On the residential side it has The Trendy Condominium, Hua Hin Blue Lagoon and Hyde Sukhumvit (which is worth about THB 5.0 bn, 454 units and 90% sold).