Tag Archives: jsp

Stocks in the news (abc, aqua, atp30, banpu, chow, ck, color, cwt, ekh, epco, jsp, jwd, htc, ktc, max, ncl, sappe, solar, sr, tk, tkn, tsth, uac) 17.08.16

ABC
ABC is confident that 2016 will turn around and targets 2016 revenue of Bt2bn. It plans to launch Above Sukhumvit 39 project on Sep 9 and hold a grand opening for ABC World on Dec 12. (Kao Hoon, 17/08/16)
Comment: Will this condominium be sold via their online channels with pet stores and solar panels?
 
AQUA
AQUA reported 2Q16 profit of Bt92mn or growth of 38% YoY and 1H16 profit of Bt172mn. (Kao Hoon, 17/08/16)
ATP30
ATP30 expects to get Bt500mn in projects, with finalization in August. It expects this to increase revenue by 30%. It targets 2016 revenue to grow 15% to Bt300mn supported by large orders and cost control. (Thun Hoon, 17/08/16)
BANPU
BANPU has set its five year investment plan at US$557mn, with a focus on the power business. It expects net profit to return to the black this year with an EBITDA of US$500mn. It plans to implement cost control as well as improve production and logistics efficiency. It expects coal price to be better in 2H16 and for the coal business to contribute revenue of US$2.2bn. (Thun Hoon, 17/08/16)
CHOW
CHOW reported significant earnings growth in 1H16 backed by recovery in the steel industry and its Japan power plant. It expects 2016 revenue to be good brought by steel business and power business, of which 80MW is being constructed. (Thun Hoon, 17/08/16)

Continue reading Stocks in the news (abc, aqua, atp30, banpu, chow, ck, color, cwt, ekh, epco, jsp, jwd, htc, ktc, max, ncl, sappe, solar, sr, tk, tkn, tsth, uac) 17.08.16

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 (advanc, bjchi, bkd, bm, cho, eason, epg, fsmart, gfpt, ihl, jsp, mtls, nwr, pace, ptg, pttgc, richy, samco, solar, tk, trt, tsth) 23.05.16

ADVANC
ADVANC and TOT set to launch service under a joint trial – ADVANCED Info Service and TOT are expected to sign a contact signalling the launch of a joint-trial commercial service on the state agency’s 2.1 gigahertz spectrum shortly after the reauction of a 900 megahertz licence on Friday, Information and Communications Technology Minister Uttama Savanayana has said. (The Nation, 23/5/ 16)
Comment: There’s still another 4 more days to go before the auction, I do wonder what else could happen?
 
BJCHI
BJCHI expects 2Q16 earnings to be good aided by mega projects. It expects 2016 revenue to grow 15% thanks to numerous orders and bidding for new projects. It expects to get new projects that will increase its backlog from Bt1.7bn. (Thun Hoon, 23 /05/16)
Comment: Thus even with the volatile movements in oil prices BJCHI is still able to maintain their backlog. How?
 
BKD
BKD plans to ask board approval to invest in a new business on May 24. It expects 3Q16 earnings to mark a record high aided by government projects. Its backlog is Bt1.5bn, of which 70% is expected to be booked this year. It expects 2016 revenue to increase not less than 20%. (Thun Hoon, 23/05/16)
BM
BM reported substantial 1Q16 earnings growth aided by higher revenue from sales and lower cost with net margin of 7.05%. Core revenue came from metal trunking and electrical conduits. (Thun Hoon, 23/05/16)

Continue reading Stocks in the news (advanc, bjchi, bkd, bm, cho, eason, epg, fsmart, gfpt, ihl, jsp, mtls, nwr, pace, ptg, pttgc, richy, samco, solar, tk, trt, tsth) 23.05.16

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 (amata, arrow, big, cho, dtac, fvc, gpsc, gunkul, jsp, lpn, ps, siri, synex, tcap, tipco, tvt) 24.02.16

AMATA
AMATA sets target land sales of 1,000 rai in 2016. It is negotiating with a foreign customer and hopes to finish the deal in 2H16. (Khao Hoon, 24/02/16)
Comment: This implies a 20% revenue growth for AMATA this year.

ARROW
ARROW is confident that revenue in 2016 will reach Bt1.4bn supported by more order, an increase in market share to 65% and expansion of factory and machinery. (Khao Hoon, 24/02/16)
Comment: What property slowdown? As long as the number of buildings continue to increase then ARROW is in good shape. A consistent grower over the past few years.

BIG
BIG reported net profit of Bt459mn, growth of 235%, on a gain in market share to over 50% and total revenue of Bt1.62bn. It targets revenue growth of no less than 10%, supported by expanding to high-end customers. It will pay a dividend of Bt0.6/share, XD on April 29. (Khao Hoon, 24/02/16)
Comment: I’ll be reading their notes to the financial statements w/ a lot of questions…

CHO
CHO reported profit in 2015 of Bt35mn, less than last year. This was due to a fall in total revenue and impact from the cancellation of the NGV bus. The board approved a stock dividend in the ratio 10 old shares for 1 new share, XD on April 27. It targets revenue growth of 5-10% in 2016. (Khao Hoon, 24/02/16)
Comment: Stock divvy’s are never liked by this market…

Continue reading Stocks in the news (amata, arrow, big, cho, dtac, fvc, gpsc, gunkul, jsp, lpn, ps, siri, synex, tcap, tipco, tvt) 24.02.16

Stocks in the news (aav, abc, apco, ccn, gpsc, jsp, kc, psl, smart, stanly, super, tog, tpch, tpoly, tndt, ttw) 09.02.16

AAV
AAV expects 2016 net profit to be over Bt1bn driven by 16.9mn passengers and an 82% cabin factor. It expects to get five A320 planes this year, with a goal of 70 airplanes in 2020. It expects to open new routes in CLMV, beginning with Luang Prabang. (Thun Hoon, 09/02/16)
Comment: There is no real competition for AAV, I like to now saw Emirates control’s the mid-high end customers, AAV controls budget.

ABC
ABC plans to launch ABC Residence Sukhumvit 39, valued at Bt2.5bn. The selling prices will start at Bt170,000/sqm. It expects to do presales in March. (Khao Hoon, 09/02/16)
Comment: Will this condo be launched w/ solar power and IT Solutions?

APCO
APCO targets 2016 sales growth of 10% to achieve revenue of Bt450mn by focusing on providing BIM products to local customers. It is looking for a partner in Singapore to build MLM in Singapore, Malaysia, and Indonesia. (Khao Hoon, 09/02/16)
Comment: I hate MLM companies, there said I it

CCN
CCN expects 2016 net profit to mark a record high backed by the setup of 4G networks. It expects this to contribute 50% of total revenue in 2016 from last year’s 5%. It expects 2016 revenue to grow 20% aided by Bt70mn backlog. It expects to get a Bt200mn mega project which is expected to be concluded by 1Q16. (Thun Hoon, 09/02/16)

GPSC
GPSC plans to operate 65MW hydroelectricity in Laos with startup in 2017; construction has reached 35% completion. (Thun Hoon, 09/02/16)

Continue reading Stocks in the news (aav, abc, apco, ccn, gpsc, jsp, kc, psl, smart, stanly, super, tog, tpch, tpoly, tndt, ttw) 09.02.16

Stocks in the news (advanc, bjchi, bkd, br, eforl, jsp, major, mono, mtls, pace, pf, pimo, polar, rs sc, stpi, tnpc, vgi) 04.02.16

ADVANC
ADVANC expects to report 2015 earnings of Bt38bn. It expects to pay a dividend of Bt6/share, equal to 3.5% dividend yield. (Khao Hoon, 04/02/16)
Comment: Well that’s proven to be wrong, the first dividend to be paid out is THB 6.49 / share…
BJCHI
BJCHI say it is not worried about the downtrend of oil and gas industry as it plans to implement cost control. It targets 2016 revenue to grow not less than 15%. It took part in Bt6.5bn in bids. (Thun Hoon, 04/02/16)
BKD
BKD expects 4Q15 earnings of Bt44mn, up 160%. This will bring 2015 net profit to Bt170mn (+80%). (Khao Hoon, 04/02/16)
BR
BR expects to complete a deal with an Indonesian partner by 1Q16. It is studying taking over local and international companies. It plans to distribute its products in Laos, Cambodia, and Myanmar. It expects 2016 revenue growth of 10-15% backed by fast food and high demand during Chinese New Year. (Thun Hoon, 04/02/16)
Comment: Well it should be no brainer for BR to diversify its revenue sources further throughout the region..
.

Continue reading Stocks in the news (advanc, bjchi, bkd, br, eforl, jsp, major, mono, mtls, pace, pf, pimo, polar, rs sc, stpi, tnpc, vgi) 04.02.16

Management Trades – Dec ’15

Notable Transactions

Buy(s) THB 6.3 bn

-KCE, BA, TTCL, RS, SAM, SPALI, MAJOR, WHA, SCC, IFEC, BBL, DCORP, BLAND, JMART, TU, SOLAR, TVO, NSI, CBG, SUPER, NMG

Sell(s) THB 15.0 bn

-BEC, KCE, SAWD, COL, UNIQ, MAX, AP, SAM, JSP, MAJOR, SRICHA, ITD, BA, TMC, AAV

160104 mgmt_trades

Note: Transactions shown are trades above THB 20 mn

Stocks in the news (ap, beauty, becl, bmcl, bem, cbg, ck, daii, demco, ea, eastw, ifec, jsp, mono, ncl, planb, samart, seafco, sprc, tfg, tmill, ureka) 09.12.15

AP
AP and Mitsubishi launched Life Pinklao project, valued at Bt3.1bn on Nov 21. It expects this to achieve presales of 40% by this year. It expects this to support demand for premium condo in this location. (Khao Hoon, 09/12/15)

BEAUTY
BEAUTY expects 4Q15 earnings to peak on seasonality and large orders. It expects 2015 revenue to grow 20% from 2014’s Bt1.38bn thanks to a broader customer base both local and overseas. Management plans to introduce a new business plan in January 2016. (Thun Hoon, 09/12/15)
Comment: And they continue to buck the trend by posting great SSSG numbers

BECL/BMCL The cabinet has approved the amalgamation of BECL and BMCL with a new ticker, BEM. BECL will hold a joint shareholder meeting (BECL-BMCL) on Dec 28. Trading in BECL and BMCL shares will be suspended from Dec 21-30. (Thun Hoon, 09/12/15)
Comment: I am absolutely curious to see if BEM will become a must have investment for institutional investors, it just sounds right.

CBG
CBG is talking to a prospective partner in Indonesia which it expects to finalize in 1Q16. It expects this to increase its exports. It expects 2015 net profit to mark a new high backed by numerous orders. It expects 2016 revenue to grow 10% from this year. (Thun Hoon, 09/12/15)
Comment: We’ve heard this story before….ICHI, SAPPE, “we’re expanding to indonesia and growth will be amazeballs” Neither of the two have exactly panned out just yet, such things take years of development and marketing

CK
CK bids lowest for Bt23.4bn dual-track project (Jira – Khon Kaen). It expects to sign the contract with the SRT this year, as well as the Chachoengsao – Kang Koi dual-track project. It expects the SRT to ask approval from the cabinet on Dec 15. (Khao Hoon, 09/12/15)
Comment: They are carving up the pie nicely, first STEC, now CK, so now its either ITD or UNIQ that wins the next project

Continue reading Stocks in the news (ap, beauty, becl, bmcl, bem, cbg, ck, daii, demco, ea, eastw, ifec, jsp, mono, ncl, planb, samart, seafco, sprc, tfg, tmill, ureka) 09.12.15

Co Visit: J.S.P. Property Plc (JSP)

J.S.P. thrives on an integrated community approach

We began in 1991 by providing long-term rental and leasehold units to clients at our Rama III Road location. Back then our clients were predominantly freighters and cargo companies. In time we expanded to freehold projects under the JSP brand, focusing on outer Bangkok and other areas around Thailand.

J.S.P. Property Plc (JSP) was listed on the Market for Alternative Investment in November 2014. President and managing director Tanongsak Manotamraksa discusses the company’s strategy and outlook.

Please explain JSP’s history and business model.

Our development approach is unique in Thailand because all of our projects must have both a commercial and residential component and low-cost rental space. This way, we’re creating a self-sustaining community whereby all our tenants are able thrive on both a personal and a commercial level.

What are JSP’s development plans?

We have projects in various phases of development. At Sampeng 2, which covers 65 rai, we’ve completed the first two phases, which are mainly commercial. The final two phases and a condominium will be completed by 2017. At Miami Bangpu, covering 120 rai near the Bang Pu Industrial Estate, we’re developing both commercial and residential projects. Finally, at Tulip Square, which totals 32 rai, we’re close to completing the commercial areas, while the residential units are being transferred. These projects give us a combined backlog of more than 5 billion baht.

In the future, we’ll launch a 140-rai site in Rangsit Khlong 1 and a 210-rai site in Samut Prakan, both of which will have commercial and residential components. We’ve also expanded our prefabrication factories in Samut Prakan, which will give us a production capacity of 700 townhouses each.

Continue reading Co Visit: J.S.P. Property Plc (JSP)