ANAN expects real estate revenue to reach Bt10.5bn this year backed by large backlog of Bt35bn. It will launch 12 projects worth Bt31.5bn. Its presales were impressive at Bt7.5bn in 1Q15. (Kao Hoon, 27/3/15)
Comment: Again the question for ANAN is how much can operating margins improve. Should they match industry average then the upside is fairly obvious.
BJC targets revenue growth this year at more than 10% with better net margin than last year. It plans to invest Bt4bn to raise production capacity and production lines. It is also looking for a new acquisition. (Kao Hoon, 27/3/15)
Comment: Well it eventually pushed through the Metro acquisition in Vietnam.
EASTW disclosed water sales grew 3-4% in 1Q15 as demand in the eastern region continues growing. It expects total revenue growth of 5-6% plus better margin than last year’s in the light of lower electricity cost. (Than Hoon, 27/03/15)
EMC continues to take over residential property projects, hoping to generate revenue at a faster pace than investing on its own. It recently acquired Imperial Land (IMP) from UWC worth Bt278mn. Its Station One @ China Town project will be launched and recorded as revenue in 2Q15. (Thun Hoon, 27/03/15)
Comment: Another wannabe property company? As if we don’t have enough of these smaller developers that appear to just be one hit wonders.
EARTH expects higher region coal price to lift 1Q15 profit above Bt3.8bn. Management remains confident that its sales volume will reach 10mt in 2015 due to higher demand. It plans to acquire more mines with reserves of 40mt, conclusion by 4Q15. (Thun Hoon, 12/03/15)
Comment: The owners have been pledging their shares for a ton of equity financing hence the odd management trades we have seen over the past 2 years.
EGCO unveils 5-year plan. This will focus on power plants under development. The company confirms its plan to expand in ASEAN and Asia Pacific region with required equity IRR of more than 10%. (Krungthep Thurakij, 12/03/15)
FANCY reports three major shareholders sold 28.46% of total shares via big-lot transaction to two new investors at Bt3.5/share. Management says this will not affect the controlling power of the existing major shareholders and the company’s business plan for particle board production and rubber wood in Surat Thani. (Thun Hoon, 12/03/15)
Comment: It’s been a dying industry for a long time and I don’t see things changing.
HEMRAJ says land demand has been recovering since early 2015. Demand is being seen from both existing and new clients. It expects to sell 1,400 this year and is developing new land for potential clients. It plans to restructure after the end of the tender offer by WHA in March. (Thun Hoon, 12/03/15)
Comment: The question is how many assets will be sold by HEMRAJ in order to help WHA fund the acquisition? The Koh Lan is apparently being sold + a REIT will be set up for its factories + their office building could still be sold.
AP reports presales of Bt21bn as purchasing power has recovered to support demand for property in downtown and near train mass transit. The company is preparing to launch Banklangmueng in Sukhumvit 77 and Rhythm “The Slow Collection” totaling Bt6.35bn. (Thun Hoon, 06/11/14)
BEAUTY says 4Q14 will be good on seasonality. It expects revenue growth of 30% this year with net margin of at least 20%. It plans to continue expanding branches both at home and abroad. (Kao Hoon, 06/11/14)
Comment: One of the few in the retail sector to still perform very well due to a combination of both SSSG and new branch expansions
BRR to start trading today with price expect to surge to Bt8.00 from its IPO price of Bt6.80/share. The company said the Bt1.15bn proceeds from the IPO will be used to expand its sugar production capacity and related businesses. (Kao Hoon, 06/11/14)
Comment: As of writing its up 36%, still amazing.
Berli Jucker introduces direct sales, e-commerce – Berli Jucker Plc (BJC), the SET-listed trading and retail company owned by billionaire Charoen Sirivadhanabhakdi, is expanding its product sales and distribution to include direct sales and e-commerce channels after facing tough modern trade competition. (Bangkok Post, 22/09/14)
Comment: Overall a small impact on their total numbers and I have my doubts in their ability to compete effectively versus what is already available in the market
BMCL expects 2014 net loss to decline by 20% YoY as passenger numbers have grown 5-6%, revenue by 10%, and interest expense has come down. Management expects to be in the black in 2016. (Kao Hoon, 22/09/14)
Comment: A story that is recognised into the stock price today.
EA says 3Q14 will be good as it is benefitting from an upcycle for the biodiesel business and continues to book revenue from solar farms. It said it will start setting up the solar panels for its 90MW project in Lampang at the end of September and expects everything to be complete by the end of this year, which should further help support revenue and profit further. (Kao Hoon, 22/09/14)
Comment: EA is a story everyone knows by now with their MW’s all coming online within the next 2 years.
To issue bonds — CPALL has boosted its bond issue for institutional and retail investors to Bt50bn from Bt40bn in response to strong demand. (Khao Hoon, 4/11/13)
Comment: Only positive out of this is that brokers can stop passing rumours around of a potential high FX Cost with the dollar loans.
GEN acquires Suntech Metal — GEN has purchased Suntech Metal for Bt459mn. Suntech Metal original operated a scrap metal recycle plant. GEN believes that the acquisition will boost its growth as the deal was done below book value. (Kao Hoon, 04/11/13)
Looking at bidding for Bt1.5bn in projects — HYDROplans to bid for at least 10 projects worth Bt1.5bn in 4Q13, getting in on next year’s government investment budget and continuing private investment. It aims for 20%revenue growth in 2014. (Khao Hoon, 4/11/13)
Comment: Hydro along with UAC and a few other smaller companies are trying their best to ensure they can grab as much share of the government’s alternative energy projects Continue reading Stocks in the news (cpall, gen, hydro, mill, vgi) 04.11.13
RATCH in talks over Bt40bn coal plant — Ratchaburi Electricity Generating Holding Plc (RATCH) is in talks with ASEAN’s leading coal miner Banpu Plc to develop a Bt40bn coal-fired power plant in Indonesia (700MW) as part of its strategy to maintain business growth. The new possibility in Indonesia is now undergoing a feasibility study for a mine-mouth power plant. If it’s worth investing in, RATCH and BANPU could venture developing that project. The study is expected to be completed by this year. (Bangkok Post, 01/10/13)
Comment: This is interesting, it would be the second time the two companies would work together, first was with the Laos Hongsa Power project. Not to sure on the split between the two and how it would affect the bottom lines just yet.
Improvement QoQ in 3Q13 — GRAMMY says 3Q13 earnings beat second quarter and it continues to target revenue growth of 10%. It said it has Bt4bn cash on hand to bid in the digital TV auction. One of its subsidiaries has won the license to broadcast Euro 2016 and World cup 2018 qualifiers. (Khao Hoon, 01/10/13)
Comment: All positive news for GRAMMY thus far.
BAY bullish on SME loans despite economic slowdown – The Bank of Ayudhya (BAY) maintains its 15% growth target for its small and medium-sized enterprise (SME) loans this year on expectations that the country’s economy will return to normal growth in the next six to 12 months. Thailand’s fifth-largest lender by assets typically sets its SME loan growth at two to three times higher than the country’s gross domestic product (GDP) growth. BAY expects its SME loan portfolio will increase to Bt208bn by yearend from Bt196bn now. This year’s target is part of the bank’s aggressive goal to join the top three SME lenders with a portfolio of Bt300bn by 2019. (Bangkok Post, 22/08/13)
Comment: We’re hearing that the majority of banks are going to decrease the amount of “risky” loans on their books
BEC raising ad rates — Channel 3 will raise its advertising rates by 5-10% on weekend evenings from Oct 1 on the back of brisk demand despite the economic slowdown. The increase will be for the 5.45-7.15pm time slot on Saturday and Sunday. (Bangkok Post, 22/08/2013)
Comment: Small impact on the overall business
CK eyes 25% of Bt2trn transport projects – CH Karnchang (CK) hopes to secure 25% of the Bt2trn worth of infrastructure projects due to be put up for bidding by the Transport Ministry between this year and 2016. (The Nation, 25/07/13)
Kasikorn sees brighter days ahead for corporate deals – Kasikornbank (KBANK) predicts strong demand for private-sector financing over the next 12-18 months, driven by better economic circumstances locally and globally. Executive vice-president Vasin Vanichvoranun said during the period, KBANK expects companies to invest a combined Bt1trn as the outlook brightens. KBANK itself has signed several investment banking deals with corporate customers with a collective value of Bt150-200bn over the next 12-18 months. (Bangkok Post, 25/07/13)
Comment: Kbank and scb are both fighting quite hard for more corporate business, I still think that eps growth for the banking sector in general is going to slow down for the 2H13
Continue reading Stocks in the news (ck, kbank, hydro, lalin, trc, true) 25.07.13