BTW is talking to a prospective partner to expand to the power business. It expects a decision to be made this year. It expects 2H16 performance to be good backed by solar farms in cooperative units. It expects 2016 revenue to reach Bt2bnm as targeted. Its backlog is Bt1.9bn, of which 50% is expected to be recognized this year. (Thun Hoon, 28/09/16)
Comment: Despite the rather old company name it’s effectively a construction company that focus on renewable energy projects, will be seeing them in a few weeks to see what the story is.
EFORL plans to restructure the business plan for Wuttisak Clinic. It plans to focus on cosmetic products. It plans to set up an integrated beauty center to meet demand. It expects 2H16 performance to be good on seasonality . (Thun Hoon, 28/09/16)
Comment: This Wuttisak story has been ongoing for the past few years…
HTECH plans to expand its capacity by 20%. It expects 4Q16 performance to be higher than target, backed by its new equipment. It expects sales to mark a record high after recording a net profit of Bt46.88mn in 1H16. It expects its plant in Vietnam to operate in 1Q17. (Thun Hoon, 28/09/16)
Comment: Despite the news that VN is the place to be for manufacturing, a visit there has shown that salaries are already in line in with Thailand for skilled labour and there is a bigger shortage of skilled labour…
ILINK plans to hold a roadshow to attract foreign investors. It expects the plan to be finalized in November. It expects to get new orders which will raise its backlog. (Thun Hoon, 28/09/16)
MK maintains its target 2016 property revenue at Bt2.5bn even though total revenue fell to Bt3.1bn. It plans to launch two projects in 4Q16 valued at Bt841mn. It is budgeting Bt1.2bn to expand its leasable area to reach 250,000sqm within 2020. (Khao Hoon, 28/09/16)
Comment: So this is the new strategy by the new shareholder in MK…
AQ sold 100% of AQ ALIX which generated revenue of Bt670mn. It plans to launch a new housing project at the end of 2016. (Kao Hoon, 14/09/16)
BCPG set its IPO price at Bt10, the top in the price range, in response to good institutional investor interest. It expects to trade in September. (Thun Hoon, 14/09/16)
Comment: I am curious to see how this shall perform on the first day.
DIMET plans to wipe out retained losses of Bt17mn and expects pay a dividend of no less than 40% of net profit. It plans to cooperate with a construction company to expand its customer base. It has big orders from China and the Philippines that will increase revenue to Bt800mn. It plans to do a 20MW solar farm. (Thun Hoon, 14/09/16)
Comment: People love a good turnaround, newly dividend paying stock.
DRT has cut its target 2016 revenue to Bt4.17bn in response to the slowdown in the construction materials industry. However, it is confident that net profit will be better than last year’s Bt330mn due to better cost management. It has budgeted Bt500-600mn to increase capacity. (Kao Hoon, 14/09/16)
ILINK got a job from PEA worth Bt309mn. It expects to get a job to lay fiber-optic lines for a substation worth Bt620mn and a job from the MEA to move electric wiring underground and well as laying underwater cable to Koh Samui. This will lift its backlog from Bt1.1bn. (Thun Hoon, 14/09/16)
Comment: Now the story is effectively done for ILINK for the next few quarters as the IPO of the subsidiary is done and even they themselves have said this is every project that they expected to win this year
A plans to open new projects worth Bt6bn to bring its backlog to Bt1bn. It expects 2016 revenue to grow 30% from Bt4.45bn last year, supported by more transfers. (Thun Hoon, 29/08/16)
Comment: One of the most stable stock price charts I have ever seen
AKR expects 3Q16 to turn to profit after booking backlog. It expects to bid for a new job in Thailand in 2H16. It targets 2016 revenue of Bt2.5bn and plans to do a JV with in Indonesia and Vietnam with local partners for power plants abroad. (Thun Hoon, 29/08/16)
AMA has filed for an IPO with the SEC of 108mn shares. It expects to expand its fleet and vehicles to allow it to get in on potential in Thailand and abroad. (Kao Hoon, 29/08/16)
Comment: No idea who this is, but looking forward to seeing another first day bounce
BANPU is preparing to increase capital of Banpu Power or BPP to shareholders at a ratio 18-25 BANPU shares to 1 BPP share. It will pay an interim dividend of Bt0.25/share, XD on Sep 8. (Kao Hoon, 29/08/16)
Comment: Another capital increase. Getting ready for the listing of BPP in the near future perhaps.
BBL will pay an interim dividend of Bt2/share, payment on Sep 23. (Kao Hoon, 29/08/16)
BDMS expects 3Q16 to be outstanding due to high season and more customers. It expects 2016 profit to reach Bt9bn, growth of 15%. It plans to expand to 50 hospitals within 2-3 years. (Kao Hoon, 29/08/16)
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.
GIFT is talking to a prospective partner to set up a subsidiary to operate in the power business with a 25% stake. It plans to expand to the utilities business with cash on hand of Bt230mn. It expects to list on the SET, with finalization in a month. It expects 2016 revenue to mark a record high with 10-15% growth. (Thun Hoon, 13/07/16)
Comment: This could explain yesterday’s stock price increase, no idea how a chemical distributor gets into this.
GL got the license from OJK (Otoritas Jasa Keuangan) to provide financial services in Indonesia. It expects this to boost its sales and net profit. (Khao Hoon, 13/07/16)
Comment: We doubt that they’ll be as successful in Indonesia as they were in Cambodia, but this is still great nonetheless
GUNKUL expects 2016 revenue to grow 30% from 2015’s Bt4.87bn. It does not worry about 2Q16 performance as it expects LED business to contribute revenue. It expects revenue to reach Bt300-400mn this year. It expects to take part in many alternative energy projects. (Thun Hoon, 13/07/16)
ILINK expects to take part in four project bids, valued at Bt7bn. It expects the bid winners to be announced this year. It expects a Bt2.5bn MEA project to put up for bid on July 21. It expects to get all four projects. (Khao Hoon, 13/07/16)
Comment: And they still have the IPO of their subsidiary coming up
CHO expects to show net profit in 2Q16 from net loss of Bt9.12mn. It expects 2H16 earnings to be good backed by transfers and Bt652mn backlog. It expects 2016 revenue to achieve its target at 10%. It expects to get the Bt4mn NGV bus project, which will be announced in July. (Thun Hoon, 27/06/16)
CHOW plans for subsidiary CE to submit filing to launch Bt380mn IPO and expects to trade in mai. It will use the funding to expand its power business at home and abroad. (Khao Hoon, 27/06/16)
Comment: They are continuing on their shift to more renewable energy projects
CIG has a deal with a foreign partner to launch a new product with expected revenue of Bt200mn. It expects 2016 revenue turn to positive from loss of Bt7.24mn last year. It is considering paying a dividend. It expects FY2016 revenue of over Bt1bn. It plans to increase revenue portion from exports to over 50%. (Thun Hoon, 27/06/15)
A Hong Kong fund is interested in EPG because of its strong fundamentals. It expects this to be clarified soon. It will gain from a weaker baht after the UK leaves the EU. (Thun Hoon, 27/06/15)
FPI expects 2Q16 earnings to be good boosted by large orders. It expects 2016 revenue to hit target growth of 10% after the auto sector bottomed out. It expects to run new machinery, which will increase its capacity by 15%. It will use the capacity to handle OEM orders. (Khao Hoon, 27/06/16)
BIG is confident that 2016 revenue will surpass its 10% growth target thanks to an expansion of 15-20% in the camera market. It expects to maintain gross margin above 32%. It expects printing from smartphones will support earnings in the future. (Thun Hoon, 22/06/16)
Comment: As evidenced by 1Q numbers, they will far surpass 2015 revenues
CPF expects 2Q16 net profit of Bt4.1bn or growth of 37.5% and revenue of Bt115.68bn, growth of 11.57%, supported by rising meat prices. (Kao Hoon, 22/06/16)
Comment: The turnaround in shrimp prices and effectively every other soft commodity price has helped CPF
Interlink Group was awarded an AOT job to build infrastructure for Suvarnabhumi Airport Phase ll after turning in the lowest bid of Bt1.98bn. ILINK will work on power station and underground electric lines worth Bt1bn. (Kao Hoon, 22/06/16)
Comment: A positive surprise for ILINK, this wasn’t many analysts radars
JAS will pay an interim dividend of Bt0.15/share, XD on July 4 and payment date on July 20. (Thun Hoon, 22/06/16)
RICHY got a good response to two condominium projects with presales at Bt1.6bn at the end of 2Q16. This will lift its backlog to over Bt2bn. It is confident that 2016 revenue will reach Bt1bn as planned. (Thun Hoon, 22/06/16)
AGE reported 1Q16 profit growth of 114% YoY on total revenue of Bt940mn thanks to its cost reduction as well as a better
performance. It targets 2016 revenue growth of 10%. (Thun Hoon, 17/5/16)
Comment: It’s still far away from where they used to be pre’08
AOT reported 2FYQ16 net profit of Bt5.56bn or growth of 14% YoY. This gives profit of 1HFY16 of more than Bt10.19bn, growth of 15%, supported by 61 million passengers in six months and increases in flights to 389,272 flights. (Kao Hoon, 17/5/16)
Comment: At what point does the existing capacity of the AOT airports limit the future growth potential?
AQUA shows 1Q16 profit of Bt79mn, up 22% YoY. Subsidiary Mantra Assets has budgeted Bt450mn to develop property and expects to realize revenue in mid-2017. (Thun Hoon, 17/5/16)
BM’s first trading day. It expects a good response from investors. The company is certain that business will continue to grow due to high demand on the global market. (Thun Hoon, 17/5/16)
Comment: A steel co IPO…but regardless if its small enough it shall perform well.
EA reported 1Q16 net profit of Bt710mn, increasing 22% YoY supported by its power plant business. It expects 2Q16 will be good after the startup of its 90MW solar farm in Pitsanulok. (Kao Hoon, 17/5/16)
ACC expects to wipe out retained losses. It expects net profit to return to the black in 2016 after it expands its business to trading, property, and alternative energy business. It expects to pay a dividend this year on its turnaround. (Thun Hoon, 28/04/16)
Comment: A quick scan of the company shows that they have multiple holdings in alternative energy companies of ~5MW in total
DCORP is looking for a partner to invest abroad. It expects a decision to be made in May. It targets project IRR above 15%. It expects to show net profit this year. It expects its solar cell power plant to operate in 2H16. (Thun Hoon, 28/04/16)
DELTA expects 2Q16 earnings to turn around, backed by new products. It targets 2016 revenue to grow 10%. It plans to invest new plants overseas to increase its orders. (Khao Hoon, 28/04/16)
DTAC will cooperate with 4DBOOK to launch 4DBOOK FREE application, offering books on line, for one year (April 27, 2016 – April 30, 2017) for DTAC Reward customers. It expects 200,000 subscribers this year. (Khao Hoon, 28/04/16)
IFEC says Goldwin, a #1 windmill producer, is interested in investing with IWIND (10% stake) in order to expand to Asia. It expects the 10MW Pak Panang wind power plant to operate in 3Q16. It expects to take over a power plant company in Vietnam in May. (Khao Hoon, 28/04/16)