Tag Archives: impact

FTSE Index Changes

Several brokers sending this out this AM

FTSE Global Equity Index Series Asia Pacific ex Japan Regional Index and Japan Regional Index Semi-Annual Review.  
Constituent changes can  be accessed via the attachments below.  The changes will be effective after the close of business on Friday, 16 September 2016 (i.e. on Monday, 19 September 2016).

Large cap
Inclusion: SCC-R, KBANK-R
Exclusion: none


Mid cap
Inclusion: BEM

Exclusion: none

Small cap
Inclusion: GPSC, VIBHA, IMPACT
Exclusion: BEM, THRE

FTSE All-World
Inclusion: SCC-R, KBANK-R
Exclusion: none

FTSE AllCap
Inclusion: SCC-R, KBANK-R, GPSC, VIBHA, IMPACT
Exclusion: THRE

Stocks in the news (br, chow, daii, earth, epg, esso, gold, ihl, impact, ircp, lhk, s, samtel, uniq) 09.06.16

BR
BR expects 2016 revenue growth OF 10-15% supported by recovery in sales in 2H16. It plans to develop a new project to increase its margin. It expects to conclude a JV in Hong Kong in 1-2 months which is a key to expanding to Indonesia. (Thun Hoon, 09/06/16)
Comment: Cheap on valuations, so so on growth prospects
 
CHOW
CHOW sets 2016 revenue target growth at 50% to reach Bt4bn. It expects to sell 180k tons of steel, supported by government projects and higher price. It expects to start up a 30.5MW power plant by the end of this year and will list “CHOW Energy” on mai this year. (Kao Hoon, 09/06/16)
Comment: They have spent the last 12 months accumulating PPA’s in Thailand and solar power projects in Japan. Will be interesting to see the financial performance of those plants 
 
DAII
DAII has cut its 2016 revenue target growth to 10% from 15% as sales of construction materials has slowed. It expects to book an extra item from sale of land in 3Q16 which will push 2016 profit to grow more than last year. It plans to expand in Vietnam. (Kao Hoon, 09/06/16)
EARTH
EARTH expects 2Q16 earnings to be good supported by high season. It is certain that 2016 revenue will grow 10% from last year’s Bt17.1bn as it has a wider customer base. It expects to finish the deal for a solar farm in Europe this year. (Thun Hoon, 09/06/16)

Continue reading Stocks in the news (br, chow, daii, earth, epg, esso, gold, ihl, impact, ircp, lhk, s, samtel, uniq) 09.06.16

Co Visit: Impact Reit (IMPACT)

Impact Growth REIT: creating a destination for everyone

Impact Growth Real Estate Investment Trust, backed by the Impact Exhibition Center and related facilities, began trading on the SET in October 2014. Paul Kanjanapas, managing director of Impact Exhibition Management Co Ltd, the property manager of Impact Growth REIT, discusses the strategy and outlook for the fund and its assets.

Which assets are currently in the REIT?

We acquired the four freehold assets — Impact Area, Impact Challenger, Impact Exhibition Center and Impact Forum — from Impact Exhibition Management, which is owned by Bangkok Land (BLAND) on Sept 29, 2014.

Together they represent the largest exhibition and convention centre in Asean with a total gross area of 481,938 square metres and net lettable area of 165,606 sq m.

We launched the fund with 80% equity and 20% debt and its net asset value as of the end of 2015 was just over 16 billion baht. Our dividend policy is at least 90% of adjusted net profit, paid quarterly to our unit holders.

Who are the customers of the assets?

We have created something unique in Bangkok as we have the only location that can cater to virtually any type of business. At Impact Arena we have concerts, family shows, incentive events and parties, and the other three sites cater to exhibitions, both business to business and business to consumer, conferences, meetings and banquets. In the third quarter of our 2015-16 financial year, 70% of our clients were from the domestic private sector, 23% public sector and 7% international private sector; however, over 12 months the last group represented 15%.

impact

Paul: Committed to giving value to investors

 

Continue reading Co Visit: Impact Reit (IMPACT)

MSCI Thailand Changes

MSCI’s latest review of indices was announced during the week and here are the key details:
Effective date: December 1, 2015
MSCI Thailand Index – None
MSCI GLOBAL SMALL CAP INDEXES – Thailand (+5 / -8)
  • Additions: GPSC, IMPACT, PLAT, TIPCO, VNG
  • Deletions: DSGT, LOXLEY, MBK, MONO, NOK, PCSGH, PTL, SIM

MSCI Rebalancing- small cap index: +14 / -2 for Thailand, MSCI Thiland – no change

As an fyi, just off the presses this early AM, these changes will be effective as of 29 May ’15
MSCI GLOBAL STANDARD INDEXES – None for Thailand

MSCI GLOBAL SMALL CAP INDEXES – ADDITIONS: BA, BEAUTY, CBG, EPG, IMPACT, IFEC, MTLS, PLANB, PTG, SIM, SCN, TSE, UNIQ, WORK
– DELETIONS: JMART, TPIPL

Stocks in the news (ait, bgt, cho, fvc, gunkul, impact, lh, loxley, modern, mtls, pico, ptt, pttgc, scn, slc, tasco, tmc, trc, truefi, spcg, stanly, ureka) 23.02.15

AIT
AIT announced 2H14 dividend of Bt1.1/share (XD on April 21), after record-high net profit of Bt658.56 mn (+16.26%) in 2014 and revenue of Bt6.65bn. It has backlog of Bt1.487bn, part of which will be realized this year. (Khao Hoon, 23/02/15)

BGT
BGT plans to expand into ASEAN markets via agents or setting up joint ventures with locals, which it expects to finalize in 2Q15. It targets revenue growth of 10% with Bt48mn capex to add 10-15 branches in provincial areas. (Thun Hoon, 23/2/15)
Comment: BGT has suffered along with every other consumer related business in the past 2 years, perhaps more so because they have the single brand risk.

CHO
CHO will not participate in NGV auction if price is not adjusted. The company maintains target revenue growth of 10% this year supported by backlog of more than Bt600mn and introduction of new products. It has budgeted Bt200mn to expand its maintenance center. (Kao Hoon, 23/2/15)

Continue reading Stocks in the news (ait, bgt, cho, fvc, gunkul, impact, lh, loxley, modern, mtls, pico, ptt, pttgc, scn, slc, tasco, tmc, trc, truefi, spcg, stanly, ureka) 23.02.15

Stocks in the news (amata, dtac, forth, hotpot, ifec, ihl, impact, mfec, oishi, pae, pps, sawd, sena, work) 16.01.15

AMATA
Amata to invest in Vietnam’s Dong Nai – Thai industrial-city developer Amata will invest in three high-tech industrial-park and urban-development projects in the southern Vietnamese province of Dong Nai, news website dddn.com.vn reported. Amata Vietnam will be the investor in a 753-hectare urban-development project in Tam An commune in Long Thanh district. (The Nation, 16/01/15)
Comment: Amata still has the IPO for Amata VN in the pipeline for this year.

DTAC
DTAC opens its 4G service center in Phuket. The new service center is expected to help support tourists and business operators in the area. It also plans to open new service centers in Hatyai, Surat Thani and Koh Samui due to the high demand for interest usage in those areas. (Kao Hoon, 16/01/15)

FORTH
FORTH bidding for Bt8bn project to replace government light bulbs. Management expects to win at least 10% of all projects that it plans to bid for, which will add to its current backlog of Bt500-700mn. The company plans to invest Bt600mn to expand its line of business. Revenue for 2015 is expected to reach its target of Bt5bn. (Thun Hoon, 16/01/15)

Continue reading Stocks in the news (amata, dtac, forth, hotpot, ifec, ihl, impact, mfec, oishi, pae, pps, sawd, sena, work) 16.01.15

Stocks in the news (bcp, cpf, hmpro, ifec, impact, jsp, loxley, mono, seafco, slp, spa, tgpro, ticon, tse) 31.10.14

BCP
Bangchak earmarks B7bn for refinery rejig – BCP plans to spend Bt7bn to improve its oil refinery in its bid to gain a higher refinery margin. Executive vice-president Phichet Emwattana said the spending would start next year and run until 2018. (Bangkok Post, 31/10/14)

CPF
CPF maintains revenue growth of 10% YoY to reach Bt450bn and expects revenue growth of 10-15% YoY in 2015. The company has a growing food business outlook and expects to increase revenue proportion from exports after AEC is formed. The company is joining Makro HoReCa Challenge 2014 during 30 Oct – 2 Nov 2014 and expects to access the hotel and restaurant market. (Kao Hoon, 31/10/14)

HMPRO
HMPRO expects revenue growth of 15% YoY in 2014 after revenue growth of 20% YoY in 9M14. The company will set up a fair, 20th HomePro EXPO, during 14-23 November 2014 and targets revenue of Bt650-700mn from this fair. (Kao Hoon, 31/10/14)
Comment: The issue for HMPRO is that its profitability will continue to be negative with the expansion of Mega Home and Malaysia.

Continue reading Stocks in the news (bcp, cpf, hmpro, ifec, impact, jsp, loxley, mono, seafco, slp, spa, tgpro, ticon, tse) 31.10.14

Stocks in the news (advanc, amata, cpf, cpn, hempro, impact, irpc, tpipl, kbank, l&e, ptt, samco, sena, smm, sutha, thai, true, tse) 01.10.14

ADVANC
AIS lays broadband blueprint – Advanced Info Service (AIS), the country’s largest mobile operator, is jumping on the fixed-line broadband internet bandwagon with planned commercial service to begin in early 2015. “We believe now is the perfect time to enter the market, worth 50-60 billion baht last year, as the industry just reached a mature stage,” said Somchai Lertsuthiwong, the new chief executive of AIS. (Bangkok Post, 01/10/14)

AMATA
Amata sees capital inflow from China, Japan – Amata Corporation Plc, the leading factory park developer, anticipates a flow of investment from Japan and China as the economic and investment policies of the provisional government become clearer to foreign firms ahead of the Asean Economic Community 2015. (The Nation, 01//10/14)
Comment: The only reason to hold AMATA would be its IPO of Amata Vietnam which has been postponed until next year.

CPF
CPF in talk to acquire US firm – Charoen Pokphand Foods, one of the country’s largest agro-industrial and food conglomerates, is in negotiations with a leading food production and marketing company in the US over a possible acquisition. (The Nation, 01/10/14)
Comment: Isn’t it amazing to see Thai firms acquire firms in the US & Europe?

CPN
CPN reports construction of Central WestGate more than 60-70% completed and it is confident the mall will be open and ready to operate by May 2015. It confirms target revenue growth this year of 15% and maintains its 5-year revenue growth target of 10-15% per year. (Kao Hoon, 01/10/14)
Comment: Central WestGate is supposedly a prototype of a “super Regional Mall” located at Bang Yai, project valued @ THB 10 bn

Continue reading Stocks in the news (advanc, amata, cpf, cpn, hempro, impact, irpc, tpipl, kbank, l&e, ptt, samco, sena, smm, sutha, thai, true, tse) 01.10.14

Stocks in the news (age, akr, bkd, bsm, cho, chk, dtac, erw, estar, ifs, ilink, impact, bland, ldc, nncl, pf, pjw, ptt, qtc, tmb, true) 03.09.14

AGE
AGE expects 2014 coal sales to hit target of 4mn tons, supported by strong demand from China. It expects revenue for the year to reach Bt7bn. Next year, it expects to start booking Bt60-70mn in revenue from its biomass power plant in Sukhothai. (Kao Hoon, 03/11/14)
Comment: Nothing exciting happening here anymore.

AKR
Solar firms ask for protection – Ekarat Solar Co, Thailand’s top maker of solar modules, is urging the new government to adopt measures to shield the local industry from unfair competition. Wiwat Sangtian, managing director of the wholly owned unit of the country’s biggest transformer maker, SET-listed Ekarat Engineering Plc (AKR), said Ekarat was joining with other solar module companies in making the request. Mr. Wiwat said the energy regulator should at least require the next round of licence seekers to use locally made modules. Since 2009, solar modules and solar farm components have been hit hard by imported Chinese substitutes.(Bangkok Post, 03/09/14)
Comment: AKR has to change its business model, the only reason we solar plants are becoming viable is because of China.

BKD
BKD expects 20% rise in 3Q14 revenue to Bt317mn. It is waiting to sign on a government project this September worth Bt380mn. Current backlog stands at Bt2.01bn and it expects to book 50% of that this year. BKD will bid for more work worth Bt2bn. It expects revenue to reach Bt1.1bn this year and Bt1.3bn next year. (Kao Hoon, 03/11/14)

BSM

BSM preparing to launch a new product in 3Q14, boosting 2H14 revenue. The company reduced revenue target to Bt600mn, +10% YoY, as it was hurt by the political unrest in 1H14. It is signing a JV agreement with a Myanmar company. (Kao Hoon, 03/09/14)
Comment: A nice little well-run company.

Continue reading Stocks in the news (age, akr, bkd, bsm, cho, chk, dtac, erw, estar, ifs, ilink, impact, bland, ldc, nncl, pf, pjw, ptt, qtc, tmb, true) 03.09.14