AOT expects 2016 profit of more than Bt19bn. It expects 4Q16 profit of Bt4.2bn, growth of 10% YoY, supported by more passengers and more flights. (Kao Hoon, 20/09/16)
Comment: There have been mumurs that if Thailand really does crack down on the zero dollar tourists from China that AOT could lose 10% of revenues
BEAUTY sets 2016-2020 revenue target growth of 20% each year supported by expanding into Asia. It expects to conclude a deal to set up a distributor in Hong Kong in 4Q16 and increase revenue from other business. It expects 2016 revenue of more than Bt2.1bn. (Kao Hoon, 20/09/16)
BSM expects 2H16 revenue and profit to grow supported by high season and signing a contract for a Bt100mn job in 4Q16. It maintains its 2016 revenue target at Bt700mn. (Kao Hoon, 20/09/16)
BWG plans an industrial waste power plant. Recently, it cooperated with EGCO to study a project to develop an industrial waste power plant. It expects to set up the first industrial power plant capacity of 9.4MW and COD within 2017. (Kao Hoon, 20/09/16)
Comment: This funny little company seems to be finding a way to make things happy
CGD gets B13bn for project. SET-listed Country Group Development Plc (CGD) has secured US$375 million (about 13 billion baht) through China Ping An Bank to continue developing luxury project Chao Phraya Estate. (Bangkok Post, 20/09/16)
Comment: Sounds like they had quite the capital crunch…
AGE has orders of more than 300K tons from China. It expects export portion to rise to over 20%. It plans to increase coal sales to 200K tons, with service revenue rising to Bt300mn. (Thun Hoon, 08/09/16)
ANAN expects 2H16 earnings to be better than first half supported by backlog of Bt38.5bn, of which more than Bt8.39bn will be booked in 2H16. It plans to open eight new projects with a total value of Bt19bn. It reports presales of Bt10.3bn in the first eight months of the year. (Kao Hoon, 08/09/16)
Comment: Next year is supposedly their “harvest” year as they call it.
BANPU got funds of Bt5bn from the conversion of 993mn units of BANPU-W3. It will set the rights ratio and offer price for the BPP IPO on Sep 26. (Kao Hoon, 08/09/16)
BM cuts 2016 target revenue growth to 10% from 20% in response to the economic slowdown. It is talking with a party in Myanmar to set up a factory. (Kao Hoon, 08/09/16)
CHOW expects to start commercial operations of a 5MW power plant in Japan, which will push 2016 capacity up to reach 28.5MW. It plans to invest in a solar farm in the Philippines. It expects a profit in 2016 thanks to growth in steel sales. It is confident that revenue will reach its target of Bt4bn and targets a doubling in steel sales to 140k tons. (Thun Hoon, 08/09/16)
COM7 expects 2H16 earnings to grow. It expects 4Q16 sales to be good due to high season and the launch of iPhone 7. It expects 2016 sales to be over Bt17bn. (Kao Hoon, 08/09/16)
Comment: Well it had the little pop and now along with the rest of the market it’s falling.
Group Lease strengthens ties with Sri Lankan financial group – SET-listed microfinance company Group Lease (GL) plans to collaborate further with Commercial Credit & Finance, a Sri Lankan financial group, to strengthen its microfinance businesses in Indonesia and Cambodia after GL acquired a microfinance company in Myanmar from a Commercial Credit shareholder. (The Nation, 08/09/16)
Comment: So they have Thailand, Indonesia, Laos, Cambodia, and Myanmar.
ADVANC plans to increase 2016 revenue target to accommodate greater revenue from services and a campaign to stimulate sales. It expects the 900MHz license to cut EBITDA margin in 2H16 to an average of 38-39% in the year. It expects maintain its 100% dividend payout. (Thun Hoon, 19/08/16)
Comment: While the dividend payout ratio remains, it will probably followed the trend of DTAC’s i.e. declining
BA is preparing a roadshow in Hong Kong for November. It targets an annual average revenue growth of 10-15%. It has budgeted Bt12bn to expand its airport and buy more airplanes. It expects passenger growth of 20% to more than 1.2mn passengers supported by high season. (Thun Hoon, 19/08/16)
BAFS expects 2H16 to grow on high season. It expects aviation fuel services to increase 8% and expects revenue to grow more than 9% to a new high compared to last year. (Thun Hoon, 19/08/16)
Comment: A great “little” monopoly
BTW will pay an interim dividend of Bt0.27/share or return of 6.46%, payment on Sep 9. It expects 2H16 to be good supported by bids for new jobs. (Thun Hoon, 19/08/16)
CCN plans to bid for jobs of more than Bt200mn. It expects 2016 revenue growth of 20%. It plans to expand to the energy business, closing a deal by the end of 2016. It reported 2Q16 profit growth of 1,009% due to cost management and expects continued growth in 3Q16. (Thun Hoon, 19/08/16)
AJD reported 2Q16 net profit of Bt126.59mn on higher sales at a subsidiary and implementing cost control. It expects 2016 revenue to grow 10-15% from last year backed by transfers. (Thun Hoon, 16/08/16)
ASEFA expects 2016 revenue to grow 20% backed by mega projects with backlog of Bt1.8bn, of which 60% is expected to be booked this year. (Khao Hoon, 16/08/16)
BJCHI posted 2Q16 revenue of Bt1.76bn with Bt191.71mn net profit. It expects 2016 revenue to grow 15% backed by backlog of Bt3.1bn. (Thun Hoon, 16/08/16)
BRR expects to benefit from the good outlook for sugar. It expects 2H16 earnings to be good. It expects crop to amount to 2.5mn tons of sugar cane backed by efficient cultivation. It reported 2Q16 net profit of Bt41.5mn. (Thun Hoon, 16/08/16)
Comment: Effectively every sugar company has the same story, I do wonder if we will see a consolidation phase
CSS expects 2H16 earnings to be good backed by the telecom business. It expects 2016 revenue to reach Bt5bn or 10% growth as targeted. It will pay a dividend of Bt0.06/share, XD on Aug 23. (Khao Hoon, 16/08/16)
FSMART expects 3Q16 revenue to grow 40% backed by expansion in Boon Term Top Up machines. It is talking to BBL, BAY, SCB, and KBANK in order to provide transfer service, expects to sign a contract with one bank at the end of this year. (Khao Hoon, 16/08/16)
Comment: I do now wonder what is the next step for FSMART with their top up machines, how many additional services can they add to this channel?
Buy(s) THB 28 mn
Sell(s) THB 614 mn
- QTC – The tender offer is still in play, interesting that its @ ~thb 7/share but the stock is at 14…
- HMPRO – Must’ve been a block sale by this director..
- IHL – More selling out of IHL, are things changing at this company on the shareholder level?
- ITD – When was the last time you saw the founder ever buy shares in ITD?
- ILINK – Two directors selling rather large stakes
- DCORP – The Vice Chairman dumps some 3 mn shares
- CRANE – Now this is a first, haven’t seen a sale by anyone in CRANE for as far back as I can remember.
Areeya expects 2H16 to launch 6 new projects in total worth Bt5.6bn. It will maintain its 2016 sales target of Bt10bn and expects revenue of Bt7bn. It will bid for a government housing project this week. (Kao Hoon, 20/07/16)
Comment: It will be interesting to see the outcome of the government project work. Plus Areeya still has that leasehold project on Rajadamri.
CPF maintains its 2016 sales growth target of 10% and expects 2Q16 earnings to be good; it expects to report in early August. It plans to acquire businesses in the UK, Europe, US and Russia. Recently, it opened its first “MAGNET” in Chiang Mai and expects to expand to four branches this year. (Kao Hoon, 20/07/16)
EA expects 2Q16 profit of Bt1bn or growth of 32%, supported by booking profit from 278MW solar farm and startup of 126MW wind energy in 2H16. This will lift 2016 profit to over Bt4bn. (Kao Hoon, 20/07/16)
Comment: There’s nothing new here except them bringing their projects online. I do wonder at what point will we see a renewable energy fund similar to a REIT?
GENCO is setting up two subsidiaries to support future renewable energy business in the future. It plans to bid for and take over power plants. It expects 2Q16 earnings to be outstanding and 2016 to be a new high. (Thun Hoon, 20/07/16)
IHL set up “Inter Green” to diversify its business. It targets revenue from new business of no less than Bt200-250mn per year and expects gross profit of Bt150mn. This will increase 2016 revenue to Bt2.5bn. (Thun Hoon, 20/07/16)
Buy(s) THB 86.6 mn
- CK – And the owner is back to buying shares
- BLAND – K. Anant has never sold any shares for as long as I can remember
- BDMS – A director buys more shares
Sell(s) THB 1.1 bn
- BKD – The MD sells some 10% of total listed shares, to whom?
- IHL – The CEO sells off ~4% of total listed shares, again to whom?
- VNG – The family sells off shares, to our understanding these are block sales to investors
Buy(s) THB 285 mn
- BDMS – And he’s still continually buying shares
- AJ – For a moment I was quite curious what’s going on until I see its a shareswap
Sell(s) THB 186 MN
- AJ – See above
- IHL – Second big sale here
- MAJOR – A first I think, I haven’t seen K. Wichai (to the best of my memory) ever sell shares before
Buy(s) THB 606 mn
- BDMS – Massive buying again!
- COL – Now this interesting, I’ve always wondered when or how this company will be able to be successful. Would Central Group shove its Lazada purchase into COL?
- PLANB – Their 1Q #’s were awful hence the ~20% drop in share price, but the owners seem to still believe in its future
Sell(s) THB 8.2 bn
- AAV – Boom the huge sale to King Power
- KSL – Are they still afraid of sugar prices?
- IHL – The MD sells some 2% of outstanding shares