Tag Archives: iec

Stocks in the news (aot, bem, bjchi, centel, cwt, eforl, iec, itd, jsp, k, pace, rs, super, tfg) 16.04.16

AOT
AOT plans to put two contracts for Suvarnabhumi phase 2 up for bid in Aug. It expects to put the other contracts up for bidding this year. It plans to begin Don Muang Phase 3 as soon as possible. (Thun Hoon, 14/06/16)
BEM
BEM expects to be the operator for the MRT Blue Line extension. It also expects to get the station that will link Bang Sue-Tao Poon – the so-called missing link – after the board approved direct negotiation. It expects to ask approval from the SRT tomorrow. (Khao Hoon, 14/06/16)
Comment: Looks like there is no reason why they shouldn’t get it
 
BJCHI
BJCHI signed a Bt2.8bn contract, raising its backlog to Bt4.5bn. It expects 2016 revenue to grow 15%. (Khao Hoon, 14/06/16)
Comment: This despite oil prices down -50% from their peak, so where’s the issue for BJCHI to continue to winning projects?
 
CENTEL
CENTEL expects 2016 earnings to mark a record high. It plans to cooperate with a partner to acquire more businesses (two deals are being negotiated). It expects the food business to be good. It has budgeted Bt800mn to expand and renovate. It expects 2016 revenue of Bt20.05bn. (Thun Hoon, 14/06/16)

Continue reading Stocks in the news (aot, bem, bjchi, centel, cwt, eforl, iec, itd, jsp, k, pace, rs, super, tfg) 16.04.16

Stocks in the news (cbg, cwt, iec, j, jmart, max, nwr, tgpro, tpoly, tsr, tta, ureka) 01.06.16

CBG
CBG is confident that sales in 2Q16 WILL continue to grow supported by expansion in domestic and export markets. It plans to do marketing in Europe after being chosen as a sponsor for Chelsea Football Club. It expects 2016 sales to grow 15-20% and gross margin to reach 40%. (Thun Hoon, 1/6/16)
CWT
CWT expects 2016 revenue to reach Bt1.6bn. It expects to increase seat factory capacity in Cambodia. It expects 2019 production to increase to 1 million cars from capacity of 6,000 cars per month. It plans to invest in power plant and expects to clarity in 3Q16. (Thun Hoon, 1/6/16)
IEC
IEC spent Bt100mn to buy 25% of SK1 power plant. After the transaction it will hold 100%. It expects ROI of 13.12% per year. (Kao Hoon, 1/6/16)
Comment: Well ok, they will have to raise more capital to achieve their dreams
 
J
J expects revenue and profit to be a new high. It has budgeted Bt1bn to expand branches, acquire a business and buy land for development. (Kao Hoon, 1/6/16)
Comment: Similar business model to SF, in the end its a sqm leasing game.

Continue reading Stocks in the news (cbg, cwt, iec, j, jmart, max, nwr, tgpro, tpoly, tsr, tta, ureka) 01.06.16

Stocks in the news (ap, asefa, banpu, beauty, ccn, city, cpf, epg, gold, iec, lph, mint, top, tvo, xo) 12.04.16

AP
AP expects 2016 revenue to reach Bt23.7bn supported by Bt13.29bn transfers and Bt3.4bn condo backlog. It plans to launch 20 new projects valued at Bt32.7bn. It expects this to lift its sales to hit its target of Bt31bn. (Khao Hoon, 12/04/16)
ASEFA
ASEFA expects 2016 earnings to be good. It targets 2016 revenue to grow 15% brought by Bt1.7bn transfers and public projects. It expects to get more projects after it takes part in Bt2- 3bn bids. It has budgeted Bt150mn to increase its capacity by 50%, preparing for new orders. It expects 1Q16 earnings to be good from high sales. (Thun Hoon, 12/04/16)
BANPU
BANPU expects to show net profit of Bt1.6bn in 2016 mainly driven by Hong-Sa power plant which is expected to contribute revenue in 2Q16. (Khao Hoon, 12/04/16)
Comment: The shift from being known as a coal company to a utility is nearly complete for BANPU 
BEAUTY
BEAUTY expects 1Q16 earnings of Bt105.8mn (+39%), brought by 31% sales growth. (Khao Hoon, 12/04/16)
Comment: Just incredible earnings, I still don’t understand the demand side and will most likely continue to hit my head against the wall

Continue reading Stocks in the news (ap, asefa, banpu, beauty, ccn, city, cpf, epg, gold, iec, lph, mint, top, tvo, xo) 12.04.16

Stocks in the news (advanc, ajd, arrow, brr, iec, lst, maco, npp, nwr, pf, pps, ptt, ups) 29.03.16

ADVANC
ADVANC has budgeted Bt2bn to upgrade 4G client services. It targets expanding to 121 branches by the end of 2016. (Kao Hoon, 29/03/16)

AJD
AJD work with Alibaba to service Alibaba members in Thailand. It sets member target at 5,000 members or revenue of Bt250mn in 2016. (Thun Hoon, 29/03/16)

ARROW
ARROW expects 2016 profit to be a new high. It is confident that revenue will reach Bt1.4bn. It expects 1Q16 earnings to be good supported by more sales, its backlog of Bt250mn and bids for government jobs. (Kao Hoon, 29/03/16)
Comment: And they continue and continue to grow and grow, at what point do they need to increase capacity to maintain this path?

BRR
BRR expects revenue and profit in 2016 to grow, driven by rising in sugar price. It expects to get 2.2mn tons of sugar cane and book full-year revenue from its biomass power plant. It expects to increase power plant revenue to 20%. (Kao Hoon, 29/03/16)
Comment: Sugar prices have rebounded from 10 to ~14 now so would 1Q-2Q should begin to look decent for all the sugar names in Thailand compared to last year.

Continue reading Stocks in the news (advanc, ajd, arrow, brr, iec, lst, maco, npp, nwr, pf, pps, ptt, ups) 29.03.16

Stocks in the news (advanc, arrow, beauty, cwt, dcorp, k, iec, pf, pm, ptl, samco, sgp, tcap, tsr) 28.03.16

ADVANC
Partnership may decide if AIS joins 4G auction — The uncertain status of a partnership agreement between TOT Plc and Advanced Info Service (AIS) may put the latter under increasing pressure to join the renewed auction for the 900-megahertz spectrum. (Bangkok Post, 28/3/16)

ARROW
ARROW expects 1Q16 earnings to be good on the back of recovering in construction and its active strategy. It expects 2Q16 earnings to be better than last year after its backlog reach a record high. (Thun Hoon, 28/03/16)
Comment: And they continue to grow and grow and grow

BEAUTY
BEAUTY expects 2016 earnings to mark a record high. It targets revenue of Bt2.1bn (20% growth). It plans to expand its business by supplying its products via 7-eleven and opening new branches at home and abroad. It plans to hold a roadshow at Japan in mid-2016. (Khao Hoon, 28/03/16)
Comment: With growth slowing (but still great nonetheless) will investors decide this company isn’t worth its 30x PE anymore?

CWT
CWT expects 2016 revenue to achieve Bt2bn (20% growth) aided by Bt1.5bn backlog, revenue from teak exports of Bt400mn and automotive leather orders from abroad. It is budgeting Bt800mn to invest in power plants. (ASTV, 28/03/16)

Continue reading Stocks in the news (advanc, arrow, beauty, cwt, dcorp, k, iec, pf, pm, ptl, samco, sgp, tcap, tsr) 28.03.16

Stocks in the news (advanc, bkd, gold, iec, nok, scn, sena, svi, tfg, uv, wiik, xo) 15.03.16

ADVANC
ADVANC asking for injunction from the Central Administrative Court to allow its customers to continue using 900MHz if JAS does not make its license fee payment. Its 2G-900 service will cut off at midnight tonight, the NBTC said. (Khao Hoon, 15/03/16)
Comment: And the drama continues….we are all rather curious as to how 1q looks for these telco’s

BKD
BKD’s capital increase shares of 146mn will trade today. Institutional investors are interested in its shares because of its strong financial position with Bt1bn cash on hand. It plans to take part in Bt3bn in bids, with bid winners expected to be announced in mid-2016. It expects this to bump up 2016 revenue growth by 20%. (Khao Hoon, 15/03/16)

GOLD
GOLD plans to expand its business to condominiums. It expects 1H16 sales to reach Bt7bn (30% growth) compared to 1H15’s Bt5.4bn, thanks to high demand generated by tax incentives. It is confident 2016 revenue will hit Bt10bn as targeted. (Thun Hoon, 15/03/16)
Comment: I do wonder if this competes against UV’s condo business via Grand Unity

IEC
IEC’s board has approved increasing capital by 73,639mn shares, to be offered as a PP of 32,960 mn shares with 40,679mn shares for the exercise of its warrants. Its board also approved investing in new plants. (Khao Hoon, 15/03/16)
Comment: So which new shareholder is going to punt IEC?

KTB
KTB expects 2016 revenue to grow 15-20% as targeted by focusing on money market and capital market clients. It will be an underwriter for Bt30bn in debentures in 1H16. It expects 2016 debentures will reach Bt80bn. (Khao Hoon, 15/03/16)
Comment: That is quite the aggressive target for a bank, unless they feel that they can really grow their non-interest income business – perhaps from the government projects, then I don’t see this possibly happening..

Continue reading Stocks in the news (advanc, bkd, gold, iec, nok, scn, sena, svi, tfg, uv, wiik, xo) 15.03.16

Stocks in the news (beauty, bcp, cbg, iec, fire, j, jmart, nusa, preb, rml, samart, tfd) 01.02.16

BEAUTY
BEAUTY targets 2016 revenue of Bt2.1bn, up 20% on the back of opening new branches at home and abroad, launching new products, and a focus on the online market. It expects 2015 revenue to be above Bt1.7bn. (Khao Hoon, 01/02/16)
Comment: And they still keep growing and growing! *continue to smack head against the wall*

BCP
BCP has budgeted bt10bn to invest in power businesses which it expects will support its growth. It expects to complete a deal by next week. (Khao Hoon, 01/02/16)

CBG
CBG revised down its marketing budget from Bt500mn to Bt300-400mn because consumer purchasing power has not recovered. It plans to waiting for government stimulus measures, hoping this will inject money into the economy, especially grass roots. (Post Today, 01/02/16)
Comment: We do wonder aloud…will their multi brand multi product approach work? I have yet to see an independent Thai consumer company be very successful at this

IEC
IEC signed contract with 8 clients to sell thermoplastics valued at Bt130mn. It plans to increase its capacity by 2Q16. It is confident its shareholders will okay a capital increase. It expects funding of Bt498mn. (Khao Hoon, 01/02/16)
Comment: Urgh…this company…watch the volume traded, the moment it begins to pick up, then just join the punters..

Continue reading Stocks in the news (beauty, bcp, cbg, iec, fire, j, jmart, nusa, preb, rml, samart, tfd) 01.02.16

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 (com7, ea, fire, fpi, gl, hmpro, iec, ihl, major, mfec, sc, solar, sprc, thcom, ttcl, uac) 15.01.16

COM7
Local institution is interested in COM7 shares because of its strong fundamental. It plans to invest in Hobby Plus to increase revenue. It targets 2016 revenue growth of 15% aided by focusing on online market and expanding its customer base. (Thun Hoon, 15/01/16)
Comments: It’s been on a tear in the past few months, a combination of acquisitions and the government spending incentive all helped.

EA
EA expects 4Q15 earnings to be good boosted by revenue contribution from every project. It plans to invest Bt23bn in a wind power plant. It is looking for partner. (Thun Hoon, 15/01/16)
Comment: No surprise here, everything still seems to be on track

FIRE
FIRE expects 2016 revenue to grow 20% aided by expanding abroad with a focus on Cambodia. It is budgeting Bt100mn to invest in Cambodia by as a distributor or outright acquisition. It expects this to be clear in 2017. It expects 2018 revenue of Bt1bn. (Khao Hoon, 15/01/16)

FPI
FPI expects 2016 revenue to be good after it has set up a JV in India. It expects this to increase orders by Bt300mn. It expects 2016 net profit to rise backed by the baht depreciation. It targets 2016 revenue growth of 20%. It has budgeted Bt150mn for investment. (Thun Hoon, 15/01/16)

GL
GL expects high 2015 net profit growth with a record high in 4Q15 driven by HP in Laos and Cambodia. It expects net profit to grow 96% on average for the next three years. (Khao Hoon, 15/01/16)
Comment: A former darling of ours and well they would have to grow at these levels just to justify their existing valuation

Continue reading Stocks in the news (com7, ea, fire, fpi, gl, hmpro, iec, ihl, major, mfec, sc, solar, sprc, thcom, ttcl, uac) 15.01.16

Stocks in the news (abc, acap, drt, earth, iec, jwd, kkc, news, pstc, ptt, sat, sc, sutha, tisco, tks, tmi, top, uac) 13.01.16

ABC
ABC plans to invest in education business. It expects to sign an MoU with Lanna International School in Chiang Mai, valued at Bt150mn. It plans to launch the Bt2.5bn ABC Residence Sukhumvit39. (Khao Hoon, 13/01/16)
Comment: Wait…weren’t they going to do IT? And then renewable energy? And now its an international school and property development, gotta love the consistency here.

ACAP
ACAP expects net profit this year after restructuring its business. It expects 4Q15 earnings to be good. It targets 2016 loan portfolio of Bt2bn. It plans to broaden its SME customer base. (Thun Hoon, 13/01/1)

DRT
DRT plans to export to CLMV+1. It targets exports to comprise 20% of sales. It plans to increase domestic sales via modern trade and property projects upon economic recovery. It expects 2015 net profit to be good. (Thun Hoon, 13/01/16)
Comment: Regardless, growth is minuscule for the company at this point.

EARTH
EARTH plans to acquire a 40mn-ton mine. It targets 2016 revenue of Bt16bn. It expects exports to be good thanks to the baht weakening. (Thun Hoon, 13/01/16)

Continue reading Stocks in the news (abc, acap, drt, earth, iec, jwd, kkc, news, pstc, ptt, sat, sc, sutha, tisco, tks, tmi, top, uac) 13.01.16