Tag Archives: intuch

Stocks in the news (ah, arrow, auct, bm, ctw, gel, intuch, k, malee, mc, pace, pf, plat, pttgc, rml, ttcl, tu, vte) 18.08.16

AH
AH expects 2016 revenue to grow 5% from last year’s Bt15.1bn due to large orders. It will pay a dividend of Bt0.33/share, XD on Aug 26, PD on Sep 9. (Thun Hoon, 18/08/16)
Comment: And the company has been doing share buybacks for the past few months
 
ARROW
ARROW expects 2H16 earnings to be good backed by Bt240mn backlog. It expects 2016 revenue to reach Bt1.4mn with gross margin at 25-30%. Its 1H16 net profit was Bt126mn. It will pay a dividend of Bt0.2/share, XD Aug 23. (Khao Hoon, 18/08/16)
Comment: We’ve questioned whether they have the capacity necessary to fulfill all the potential market demand and their current valuations
 
AUCT
AUCT expects 3Q16 earnings to be good brought by extra items from public bids. It plans to take part in 1-2 bids, and expects to know the results this year. It expects auction 60,000 vehicles this year. (Thun Hoon, 18/08/16)
BM
BM reported 1H16 net profit of Bt23mn, up 68.32% with revenue of Bt384mn, up 5.55%, backed by higher sales, especially from selling racks and conduits. (Khao Hoon, 18/08/16)
CTW
CTW expects 3Q16 earnings to be good supported by cable projects from ITD such as Suvarnabhumi phase 2, MRT Orange, Pink and Yellow lines, the Dawei project, and moving cables underground. (Thun Hoon, 18/08/16)

Continue reading Stocks in the news (ah, arrow, auct, bm, ctw, gel, intuch, k, malee, mc, pace, pf, plat, pttgc, rml, ttcl, tu, vte) 18.08.16

Stocks in the news (age, aot, ba, bem, cpf, ea, gunkul, intuch, itel, jubile, kce, lph, ndr, ptt, sena, skr, thai, tpbi, tu, wiik) 15.08.16

AGE
AGE expects 2H16 to be good. It plans to do a marketing campaign in ASEAN. It is confident that 2016 sales will reach the target of 2.2mn tons. It reported 2Q16 net profit of Bt29mn, up 4% YoY and total revenue over Bt1bn. (Thun Hoon, 15/08/16)
AOT
AOT reported 3QFY16 profit of Bt5.06bn, growing 24% supported by a 20.62% growth in lowcost airline passengers and total passenger growth of 11.08%. It passed more than 90mn passengers through its gates in the nine months and profit was Bt15bn. (Kao Hoon, 15/08/16)
Comment: The bombing over the weekend isn’t going to help matters in the ST, but unless there are continued incidents in Thailand I doubt that there’ll be a permanent impact over the med-long term
 
BA
BA expects 2H16 to be better than 1H16 due to high season. It plans to open two new routes to increase Chinese passengers. It has budgeted Bt1bn to expand Samui Airport to support 6mn passengers per year. It reported 1H16 earnings of Bt1.46bn or growth of 12.5%. (Thun Hoon, 15/0 8/16)
BEM
BEM reported 1H16 earnings growth of 12.3% to over Bt1.2bn and expects 2H16 to continue to grow. It will bid for a new job and plans to list its subsidiary soon. (Thun Hoon, 15/08/16)
CPF
CPF reported 2Q16 net profit of Bt4.02bn or growth of 35%, with 1H16 net profit of Bt7.78bn supported by more sales, both domestic and export. It will pay an interim dividend of Bt0.50/share, XD on Aug 23. (Kao Hoon, 15/08/16)
EA
EA reported 2Q16 net profit of Bt992mn or growth of 33%, due to booking revenue from its solar farm in Phitsanulok. It will COD 126MW a wind power plant at the end of this year. (Kao Hoon, 15/08/16)
GUNKUL
GUNKUL reported 1H16 net profit of Bt315.94mn, up 42.62% from Bt221.53mn in 1H15. It expects demand to increase and will continue to expand business to support earnings growth. (Thun Hoon, 15/08/16)
Comment: Similar to most renewable players, GUNKUL’s growth is relatively straightfwd to forecast for the next few years. The jumps in revenues will come from new projects

Continue reading Stocks in the news (age, aot, ba, bem, cpf, ea, gunkul, intuch, itel, jubile, kce, lph, ndr, ptt, sena, skr, thai, tpbi, tu, wiik) 15.08.16

Stocks in the news (a, br, bts, eforl, gcap, intuch, irpc, itd, jsp, kcm, mill, ndr, seafco, synex) 01.04.16

A
A targets 2016 revenue of Bt7bn compared to 2015’s Bt5.43bn thanks to large orders. It plans to launch Bt20bn projects, raising backlog from Bt2bn and covering revenue through 4Q16. It is budgeting Bt600mn to buy land for new projects. (Thun Hoon, 01/04/16)
Comment: This relatively small property developer has been on my radar ever since I met the owner years ago, they have this potentially huge project on Rajadamri that they’ve been planning to develop for years
BR
BR expects 2016 net profit to be better than 2015’s Bt550mn. It targets revenue to grow 10-15%. It has budgeted Bt1.2bn to invest in slaughterhouse, ready-to-eat food production, and farm expansion. It expects its association plan with Indonesian investors to be concluded in 2Q16. (Khao Hoon, 01/04/16)
Comment: It does seem to be a recovery year for every food related company, chicken, pork, tuna you name it.
BTS
BTS is budgeting Bt100bn to take part in MRT bids (Yellow and Pink lines). It has budgeted Bt750mn to purchase shares from Line Biz Plus via its subsidiary (RabbitPay). It expects this to be completed by Apr 25. It expects this to support electronic and online payment. (Thun Hoon, 01/04/16)
Comment: Their expansion with Line has me incredibly excited. If they play their cards right they could become the first major online payment platform in Thailand
EFORL
EFORL targets 2016 revenue of Bt5bn with net profit margin of 10%. It expects this to be mainly driven by being a distributor of medical instruments and apparatus and health and beauty business. It is budgeting Bt100mn to open 20 more Wutthisak clinics in Thailand. It plans to expand to CLMV. (Khao Hoon, 01/04/16)
Comment: No Snail Farm comment this time?

Continue reading Stocks in the news (a, br, bts, eforl, gcap, intuch, irpc, itd, jsp, kcm, mill, ndr, seafco, synex) 01.04.16

Stocks in the news (bafs, ck, cpn, epg, intuch, ivl, ndr, planb, pttgc, spcg, tog, true) 18.02.16

BAFS
BAFS reported net profit of Bt957mn in 2015. It will pay dividend of Bt0.85/share, XD on May 3. It will also pay a special dividend of Bt0.25/share, XD on 1 March 2016. It plans to expand its business to hotels, property and renewable energy. (Thun Hoon, 19/2/16)
Comment: A consistent dividend payer and with the Don Muang airport expanding it will continue to see volume growth
CK
CK expects to get a job worth Bt20bn. The company targets 2016 revenue of more than Bt30bn supported by backlog worth Bt90bn. (Khao Hoon, 19/2/16)
CPN
CPN will pay a dividend of Bt0.70/share, XD on 26 April 2016. It plans to issue a debenture worth not more than Bt10bn. (Thun Hoon, 19/2/16)
EPG
EPG is confident that revenue in 2015-2016 will reach Bt8.5-9bn, growing 25-30%. It has budgeted Bt100mn to improve its three product groups with a budget of Bt1.2bn for M&A. (Khao Hoon, 19/2/16)
Comment: The question here is how far will the cost savings and depressed commodity prices take their earnings

Continue reading Stocks in the news (bafs, ck, cpn, epg, intuch, ivl, ndr, planb, pttgc, spcg, tog, true) 18.02.16

Stocks in the news (bigc, csl, ever, gl, gel, genco, gold, intuch, nncl, pt, sc, scc, sppt, takuni, top) 11.02.16

BIGC
BIGC plans to open new branches and renovate old ones this year. It expects to increase its gross area with an eye to generating substantially more revenue. It plans a securitization. (Thun Hoon, 11/02/16)
Comment: Now that the deal with TCC Group is only 1.5 months away from being sealed n delivered, the thinking goes to, how will they be able to monetise the assets of BIGC? How quickly will they launched a potential rumoured REIT? He’s done ok with stripping assets out of F&N to pay off the debt load, wouldn’t be surprised to see the same strategy unfold here.
CSL
CSL’s board has approved as DPS of Bt0.2/share. It will ask shareholder approval on March 28. It reported 2015 net profit of Bt315mn (Bt0.53/share) backed by core business recovery and got the data center projects. (Thun Hoon, 11/02/16)
EVER
EVER says The Politan Rive condo has achieved Bt4.08bn in presales (74%). It expects this project to sell out by 1H16 (Bt6.28bn) and begin to contribute revenue in 2019. It plans to launch phase 2 soon. (Khao Hoon, 11/02/16)
Comment: Ahhh this magical name…..stay away.
GL
GL targets new loans of Bt20bn from the current level of Bt10bn, mainly from Bt14bn in international loans (Cambodia, Laos, and Indonesia), Bt5bn from GL, and Bt1bn from a subsidiary. (Post Today, 11/02/16)
Comment: Well that would explain the valuation today, but still its tough….just doing some back of the envelope numbers and it already expecting some THB 20 bn in total loans BUT that’s assuming…a spread of 23%…no NPL’s…

Continue reading Stocks in the news (bigc, csl, ever, gl, gel, genco, gold, intuch, nncl, pt, sc, scc, sppt, takuni, top) 11.02.16

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 (akr, aot, cwt, intuch, ilink, jmt, kiat, lpn, pf, samart, smpc, takumi, ticon, tmill, tu, vng, vgi, wha) 16.10.15

AKR
AKR expects 2016 revenue of Bt3.2bn (+60%) on the back of alternative energy and government projects (moving cables underground). It expects this to increase demand for transformers. It is talking to a prospective partner to invest in alternative energy. It plans to invest in 20MW agricultural solar. It plans to bid for a transformer project in Brunei and Malaysia. (Thun Hoon, 16/10/15)
AOT
AOT plans to put expansion Phase 2 of Suvarnabhumi up for bid. It plans to ask approval from its board on Oct 21 for the TOR for two contracts. It expects bidding to open by December. It expects to put three other contracts up for bid next year. (Thun Hoon, 16/10/15)
CWT
CWT expects to show net profit in 3Q15 from 2014’s net loss of Bt1.7mn backed by high orders and the baht depreciation. It expects 2015 revenue of Bt1.2bn on the back of transfers. (Thun Hoon, 16/10/15)
INTUCH
INTUCH expects profit growth of 6% to reach Bt11.8bn in 9M15 even if profit in 3Q15 slips 4% to Bt3.6bn after ADVANC’s profit fell to Bt3.4bn and THCOM’s profit fell to Bt286mn. (Kao Hoon, 16/10/15)
ILINK
ILINK expects profit in 9M15 of over Bt231mn or growth of 68% supported by profit in 3Q15 of Bt63mn derived from distributor and telecom businesses. (Kao Hoon, 16/10/15)
Comment: Again because of the shift in the telco industry and Thailand’s need to improve its IT infrastructure, ILINK is going to be one of the major beneficiaries.

Continue reading Stocks in the news (akr, aot, cwt, intuch, ilink, jmt, kiat, lpn, pf, samart, smpc, takumi, ticon, tmill, tu, vng, vgi, wha) 16.10.15

Stocks in the news (asimar, bmcl, color, cpall, global, intuch, ps, malee, mint, npp, nusa, scn, ssi, stanly, tfd) 05.10.15

ASIMAR
ASIMAR expects to bid for a Bt1bn ship building contract. It plans to increase capacity by set up a third floating dock. It expects 3Q15 earnings to be good aided by transfers. (Thun Hoon, 05/10/15)

BMCL
BMCL expects growth in 3Q15 earnings backed by increasing passengers. It expects 300,000 passengers/day. It expects to show a net profit in 2016 after the MRT Purple Line begins contributing revenue in 4Q15. (Thun Hoon, 05/10/15)
Comment: The moment that BMCL can expand its lines from its existing ~20km to just even 30km then it’ll finally become a profitable company.

COLOR
COLOR expects 2015 revenue to mark a record high thanks to high demand and lower oil price. It expects 5% growth in 2015 revenue. It plans to increase exports to comprise 20% from 18- 19% now. (Thun Hoon, 05/10/15)

CPALL
CPALL expects 2H15 earnings to be better aided by a marketing campaign, recovery in purchasing power, and seasonality. (Khao Hoon, 05/10/15)
Comment: Again the story here is purely if and/or when they’ll sell their stake in MAKRO to the market.

Continue reading Stocks in the news (asimar, bmcl, color, cpall, global, intuch, ps, malee, mint, npp, nusa, scn, ssi, stanly, tfd) 05.10.15

Stocks in the news (advanc, bafs, bjchi, ecf, erw, estar, erw, estar, fsmart, gcap, intuch, malee, ptt, sorkon, stec, thcom) 19.08.15

ADVANC
ADVANC maintains its 3% revenue growth target this year. The company plans to expand to the 4G network in 3-4 months if it wins the 4G auction. (Thun Hoon, 19/8/15)
BAFS
BAFS plans to raise this year’s revenue target in response to high demand. It plans to use Bt600mn CAPEX this year for business expansion. (Khao Hoon, 19/8/15)
Comment: Should AOTs Phase 2 expansion go ahead, BAFS is a natural beneficiary of this.
BJCHI
BJCHI expects QoQ stronger revenue in 3Q15 and targets 15% YoY revenue growth this year backed by baht depreciation and more projects. (Thun Hoon, 19/8/15)
Comment: When oil prices first declined to 50 bbl I still wasn’t worried about the prospects of BJCHI, now with oil @ 40 bbl I still feel the same
ECF
ECF believes its revenue growth target of 12% this year is achievable. Revenue from local and overseas is strong and it expects to boost the proportion of revenue from exports to not less than 20% of total revenue this year. (Khao Hoon, 19/8/15)

Continue reading Stocks in the news (advanc, bafs, bjchi, ecf, erw, estar, erw, estar, fsmart, gcap, intuch, malee, ptt, sorkon, stec, thcom) 19.08.15

Stocks in the news (anan, atp30, bkd, chg, ecl, forth, fpi, gpsc, intuch, mill, nwr, planb, pttep, ratch, rs, samco, sappe, spcg, super, tasco, thai, tgpro, tk, tpch, tuf, uv) 14.08.15

ANAN
ANAN launches 4 new projects worth of Bt11bn. It has set a presales target of 40% per project within Aug 12-16. It is cooperating with Thai Samsung Electronics. (Khao Hoon, 14/8/15)]
Comment: And they’re spending quite the small fortune on marketing these projects, you can see their advertisements everywhere in Bangkok

ATP30
ATP30 IPO price at Bt0.95/share with 24.59% discount. It plans to invest in a bus. First trading day is Aug 27, 2015. It expects revenue growth of 15-20% in 2015. (Khao Hoon, 14/8/15)
Comment: Looks like another small IPO, watch for the first day bounce

BKD
BKD reported profit growth of 20% to reach Bt63mn in 2Q15. It targets jobs of Bt3.5bn supported by a new client. (Khao Hoon, 14/8/15)

CHG
CHG targets revenue growth of 15-20% from Bt2.71bn last year due to high season in 2H15 and expanding demand. It has budgeted Bt550mn to expand its hospital. (Thun Hoon, 14/8/15)
Comment: We still wonder aloud if this hospital group will ever be taken over.

Continue reading Stocks in the news (anan, atp30, bkd, chg, ecl, forth, fpi, gpsc, intuch, mill, nwr, planb, pttep, ratch, rs, samco, sappe, spcg, super, tasco, thai, tgpro, tk, tpch, tuf, uv) 14.08.15