Tag Archives: KBANK

Stocks in the news (banpu, bcp, hmpro, kbank, ktb, mc, mtls, pjw, sat, scc, tcap) 07.09.16

BANPU
BANPU’s last day to get BPP IPO reserve. Today is the last day to buy BANPU and get rights to reserve BPP IPO and dividend of Bt0.25. The stock will be posted as “XB-XD” on September 8. (Khao Hoon, 7/9/16)
Comment: Most certainly one way of ensuring your share price stays elevated 
 
BCP
BCP to IPO BCPG this month. It is issuing ~ 590mn IPO shares with initial price estimated at Bt9.80-10.00 per share. (Khao Hoon, 7/9/16)
HMPRO
HMPRO to add branches. It plans to add more branches and set up marketing campaigns and promotions to attract customers. (Thun Hoon, 7/9/16)
KBANK
KBANK expects 2016 fee income to grow 5-12%, supported by investment banking deals, issuing bonds, M&A, REIT IPOs and extending loans to large corporate customers (expected growth of 4-5%) and SME (expected growth of 5-7%). (Khao Hoon, 7/9/16)
Comment: Looks there is no impact from decrease in transfer fees to KBANK
 
KTB
KTB expects SME recovery in 2H16, aided by government support and loans to construction companies. It targets 2016 loans of Bt25bn. (Thun Hoon, 7/9/16)

Continue reading Stocks in the news (banpu, bcp, hmpro, kbank, ktb, mc, mtls, pjw, sat, scc, tcap) 07.09.16

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 (bem, kbank, kce, ksl, lhk, mint, nch, pylon, ratch, sena, sgp, smpc, thana, tpch, wice) 25.08.16

BEM
BEM will negotiate with the BMTA for the Blue Line extension job in September. It accepts that passengers on the Purple Line are not meeting its target and pulling down revenue by Bt0.8mn per month. The BMTA has approved a reduction in average passenger fare of 30% to Bt14-29 and expects this to boost passenger load by 30% from 20K. (Kao Hoon, 25/08/16)
KBANK
KBANK expects leading to rise on recovery of automotive market. It expects new loans of more than Bt75bn or growth of 35% to bring total loans to Bt93bn. It expects profit to be a new high at above target of Bt682mn. (Thun Hoon, 25/08/16)
KCE
A Japanese fund is interested in investing in KCE and expects to make a decision soon. It will spend Bt200mn to renovate its factory at Ayutthaya, with operations starting back up in 4Q16. It targets 2016 revenue growth of 10% from 2015, supported by more orders. (Thun Hoon, 25/08/16)
KSL
KSL targets 2016 revenue growth of 20% thanks to an increase in sugar price (2016-2017) of 30% to US$0.21/pound from US$0.15/pound last year. It plans to expand its sugar mill and is bidding for a PPA biomass power plant. (Thun Hoon, 25/08/16)
Comment: Just as with the comment for KTIS, could it be time for the sugar co’s to perform?

Continue reading Stocks in the news (bem, kbank, kce, ksl, lhk, mint, nch, pylon, ratch, sena, sgp, smpc, thana, tpch, wice) 25.08.16

Stocks in the news (advanc, ba, bafs, btw, ccn, csl, fpi, gunkul, ihl, kbank, kbs, kool, mk, pcsgh, planb, ptt, synex, thcom, true, twpc, upa) 19.08.16

ADVANC
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
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
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
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
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)

Continue reading Stocks in the news (advanc, ba, bafs, btw, ccn, csl, fpi, gunkul, ihl, kbank, kbs, kool, mk, pcsgh, planb, ptt, synex, thcom, true, twpc, upa) 19.08.16

Stocks in the news (ajd, alt, asimar, ccn, csp, gift, glow, gpsc, kbank, kool, mega, pk, plat, pstc, ptg, stanly, tasco, uac) 02.08.16

AJD
AJD is adding 20,000 online top-up machines and it is confident that at end of 2016 it will reach 50,000 machines. It has budgeted Bt10mn for marketing and promotional campaigns in 2H16. (Khao Hoon, 02/08/16)
Comment: If they could pull off what FSMART has done then perhaps for the first time in a decade I may consider this name
 
ALT
ALT expects 2H16 earnings to be good backed by trading business and 4G. It targets 2016 revenue to grow 10% from last year’s Bt2.6bn brought by IT trend. It plans to take part in bids. (Thun Hoon, 02/08/16)
ASIMAR
ASIMAR expects 2H16 earnings to be outstanding upon the booking of more revenue. It has backlog in hand of Bt380mn. It plans to bid for more jobs from TAT. (Kao Hoon, 02/08/16)
CCN
CCN is negotiating with both listed and non-listed companies about partnership. It plans to diversify to energy, with a decision to be made by the end of 2016. It expects 2H16 revenue at Bt100mn, growth of 20%. (Thun Hoon, 02/08/16)
CSP
CSP expects 1H16 sales volume of 80,000 tons, up 20% YoY, with 2016 sales volume of not less than 160,000 tons or up 15% YoY. It expects 2H16 steel price to average Bt16-18/kg. It plans to increase 2016 target revenue in August. (Thun Hoon, 02/08/16)
GIFT
GIFT expects 2Q16 earnings to be good backed by higher sales. It expects 2016 net profit to be a record high. It is talking to a partner to invest in alternative energy, with a decision to be made by the end of this year. (Khao Hoon, 02/08/16)
Comment: And they’ve recently switched from the MAI to the SET

Continue reading Stocks in the news (ajd, alt, asimar, ccn, csp, gift, glow, gpsc, kbank, kool, mega, pk, plat, pstc, ptg, stanly, tasco, uac) 02.08.16

Stocks in the news (a, cpf, ea, genco, ihl, kbank, max, ple, prin, super, svi, tacc) 20.07.16

A
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
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
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
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
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)

Continue reading Stocks in the news (a, cpf, ea, genco, ihl, kbank, max, ple, prin, super, svi, tacc) 20.07.16

Stocks in the news (abc, age, aot, banpu, bbl, ck, gift, kbank, kce, pap, ptg, sena, sgp, super, vng, thana, tpbi, tvo) 24.06.16

ABC
ABC targets 2016 revenue of Bt2bn. It plans to wipe out retained losses by launching Above Sukhumvit 39 in 3Q16. It plans to launch ABC Pet World in 4Q16 if its board approves on June 29. (Thun Hoon, 24/06/16)
Comment: Anybody else understand the business model of this company?
 
AGE
AGE expects to take part in 36MW PPA and expects to be a winner. Its cash on hand is Bt600mn which it believes will be enough for investment. It expects 2Q16 earnings to be good thanks to cost control. It expects 2016 revenue and net profit to grow, boosted by Bt300mn from its services business. It expects exports to comprise 50%. (Khao Hoon, 24/06/16)
Comment: It’s likely to be a JV should they win a 36 MW PPA 
 
AOT
AOT reports passengers of 81mn in the first 8 months of its fiscal year (ending Sep), up 12.43%. Flights rose 10% to 519,140. (Khao Hoon, 24/06/16)
BANPU
BANPU expects to benefit from higher coal imports in China, which rose 62.2% in May 2016 compared to May 2015. (Thun Hoon, 24/06/16)
Comment: Could this be Thai Airways part 2 in terms of stock price movement?
 
BBL
BBL targets 2016 loan growth of 3-4%. It expects 2Q16 earnings to move with the economy and government stimulus measures. (Khao Hoon, 24/06/16) BIG BIG says it has risen to a 55% market share driven by expansion. It expects the industry to recover. It expects net profit to grow 71% this year and 12% next year. (Thun Hoon, 24/06/16)

Continue reading Stocks in the news (abc, age, aot, banpu, bbl, ck, gift, kbank, kce, pap, ptg, sena, sgp, super, vng, thana, tpbi, tvo) 24.06.16

Stocks in the news (a, ap, apco, aq, chewa, drt, epco, fer, jmt, kbank, lhbank, plat, pttep, stpi, thai, tsc) 10.06.16

A
Areeya targets 2016 revenue of Bt7bn supported by its backlog of Bt2.34bn, of which will book Bt1.5bn this year. It has stock of Bt3.5bn. It expects sales of Bt10bn in 2016. It plans to launch 12 projects worth Bt20bn. (Khao Hoon, 10/06/16)
Comment: Their stock price performance has one of the smoothest charts I’ve ever seen.
 
AP
AP expects 2Q16 earnings to be better than first quarter due to more transfers. It is confident that 2016 revenue will reach target of Bt23.7bn as it has backlog of more than Bt12bn. It plans to launch 13 new projects valued at Bt25bn in 2H16. (Thun Hoon, 10/06/16)
Comment: They came out with rather strong pre-sale #’s
 
APCO
APCO expects 2Q16 to continue to grow. It expects 2016 revenue growth of 10% and with net profit growing 25%. It will focus on the domestic market. It plans to launch a new product in 4Q16. (Khao Hoon, 10/06/16)
AQ
AQ will focus on low-rise projects. It plans to open two new condos worth Bt1bn. It opened hotel in Chiang Mai to bring rental revenue to Bt200mn per year. (Thun Hoon, 10/06/16)
Comment: Weren’t they recently bankrupt?
 
CHEWA
CHEWA bought a condominium from AQ for Bt586mn. It expects this to contribute revenue rapidly. It expects 2016 revenue of Bt1.7-1.8bn. It plans to open two new projects wtih total value of Bt2bn. (Khao Hoon, 10/06/16)
Comment: Ah see above…
 
DRT
DRT accepts that 2Q16 earnings will decrease from 1Q16 due to low season and demand. However, it maintains its 2016 target of revenue growth of 5%, supported by growing exports to CLMV+1. It expects to increase the export portion to 18%. It has budgeted Bt100mn to renovate machines. (Khao Hoon, 10/06/16)
Comment: But they have announced a sharebuyback, last time was in 2009

Continue reading Stocks in the news (a, ap, apco, aq, chewa, drt, epco, fer, jmt, kbank, lhbank, plat, pttep, stpi, thai, tsc) 10.06.16

Stocks in the news (bafs, cnt, ecf, epg, fpi, ifec, jwd, kbank, ksl, mpg, pjw, smt, tks, tog) 08.06.16

BAFS
BAFS is confident that revenue will grow more than 9% in 2016 and expects net profit to be a new high, supported by a 7-8% increase in volume. (Kao Hoon, 08/06/16)
Comment: A natural grower with AOT
 
CNT
CNT expects 2016 earnings to be positive and plans to bid for a new job. It will change strategy to focus on high gross margin job at 4-6% to support earnings. Despite the loss in 1Q16 it targets 2016 revenue of Bt6.5bn. (Thun Hoon, 08/06/16)
Comment: When the entire industry picks up then CNT can finally win decent projects again, until then, I don’t expect much
 
ECF
ECF plans to bid for a 36MW biomass power plant on June 15-30. It expects 2Q16 furniture sales growth of 12-15%. It is confident that 2016 revenue will hit target of Bt1.5bn. (Kao Hoon, 08/06/16)
Comment: If thats the plan, expect to hear a PP or recap coming from them
 
EPG
EPG expects FY2017 earnings to grow over Bt1.6bn supported by more sales and increased capacity. (Kao Hoon, 08/06/16)

Continue reading Stocks in the news (bafs, cnt, ecf, epg, fpi, ifec, jwd, kbank, ksl, mpg, pjw, smt, tks, tog) 08.06.16

Stocks in the news (aav, cwt, eforl, hmpro, kbank, kiat, maco, ori, planb, ptt, stec, tfd, wiik, win) 31.03.16

AAV
AAV sets 2016 passenger target of more than 16.9mn passengers from 14.8mn. In THE first two months, the number of passengers grew 20%. It has budgeted Bt500mn to buy five planes and for oil price hedging. (Kao Hoon, 31/03/16)
Comment: Without a doubt they are the #1 airline carrier in town. 
CWT
CWT increases revenue target growth to Bt1.7bn supported by wood export business. It expects to get a new customer in the automotive business to increase its backlog by Bt1.5bn. (Thun Hoon, 31/03/16)
EFORL
EFORL reports subsidiary “Siam Snail” plans to open the first snail eco farm in Asia after completing a study. (Thun Hoon, 31/03/16)
Comment: I have no idea how this will add value to its business…a most rather curious case of diversification
HMPRO
HMPRO expects profit in 1Q16 of Bt819mn or growth of 12% supported by positive SSS growth, new stores and profit at the Mega Home format. (Kao Hoon, 31/03/16)

Continue reading Stocks in the news (aav, cwt, eforl, hmpro, kbank, kiat, maco, ori, planb, ptt, stec, tfd, wiik, win) 31.03.16