Tag Archives: KC

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 (akr, ap, arrow, bigc, com7, cpr, daii, gunkul, inet, kc, mfec, pttep, sappe, scc, seafco, super, trc, tse, tu, tvd) 17.12.15

AKR
AKR expects 2016 revenue to reach a new high of Bt3.2bn backed by a 20MW solar farm in a government unit. It expects revenue from solar farms to comprise of 35% of total revenue from 10% this year. It plans to take part in bidding for the Bt4bn electric transformer project next year. (Thun Hoon, 17/12/15)
Comment: Well…not interested in this company, there are better options out there in the market

AP
AP expects 4Q15 revenue to reach new high at Bt7.5bn with Bt900mn in net profit. (Khao Hoon, 17/12/15)

ARROW
ARROW expects 4Q15 net profit to be good backed by economic recovery. It expects 2015 revenue to reach target of Bt1.2bn after 9M15 net profit hit a new high of Bt183mn. It plans to set up new plants in 2016 because of lower raw material price. (Thun Hoon, 17/12/15)
Comment: They have continued to benefit from the expansion of condominiums, warehouses and now potentially infrastructure in Thailand

BIGC
BIGC plans to open many new stores next year: 6 hypermarkets, 3 BIGC markets, and 75 mini BIGC. It plans to set up an REIT. (Khao Hoon, 17/12/15)

Continue reading Stocks in the news (akr, ap, arrow, bigc, com7, cpr, daii, gunkul, inet, kc, mfec, pttep, sappe, scc, seafco, super, trc, tse, tu, tvd) 17.12.15

Stocks in the news (AJD, AOT, APCS, DRT, EPG, KC, L&E, MCS, NWR, PYLON, STEC, SUPER, SYNEX, TRT, UREKA, WICE) 19.11.15

AJD
AJD reported 9M15 net profit of Bt25.64mn (+1,007%). It expects continued growth in 4Q15. (Khao Hoon, 19/11/15)
Comment: While he may wear the funkiest sunglasses in all of his advertisements, the company hasn’t proven itself in terms of a consistent financial performance

AOT
AOT expects FY2016 earnings to be good on opening Terminal 2 at Don Muang. This will increase passengers by 20% and revenue by Bt1.2bn. It expects APPS (Advance Passenger Processing System), to start up on Dec 1, to increase its revenue. (Khao Hoon, 19/11/15)
Comment: Without a doubt still one of the biggest winners in this country. Don Muang’s numbers should still continue to grow and grow and grow.

APCS
APCS expects 2015 performance to turn around after implementing cost control, adding o its customer base and launching new products. 9M15 revenue was Bt637.13mn with Bt5.22mn in net profit. (Thun Hoon, 19/11/15)

DRT
DRT plans to expand to Myanmar which it expects will increase its revenue growth. It plans to talk to a prospective partner in December. It targets 2016 revenue growth of 5%. 9M15 net profit was Bt272mn. It expects 2015 revenue to be close to last year’s Bt4.25bn. (Thun Hoon, 19/11/15)
Comment: A nice story but a small impact, if one were an active investor they should take over management and drive this business properly

EPG
EPG expects FY2016 to grow 25-30% with net profit doubling from FY2015 after 1HFY16 net profit already surpassed FY2015’s. It targets revenue growth of 20% for next two years. It expects EPG stock to be included in SET100 after it has resolved the free float snag. (Khao Hoon, 19/11/15)
Comment: And that explains the stock price performance this past month, I’ve personally had difficulties wondering how to value this business as its a bit of a black box, what is the true value of a patent?

Continue reading Stocks in the news (AJD, AOT, APCS, DRT, EPG, KC, L&E, MCS, NWR, PYLON, STEC, SUPER, SYNEX, TRT, UREKA, WICE) 19.11.15

Stocks in the news (30.10.15)

Names today: ACAP, COM7, CPN, IFEC, CPN, CSP, IFEC, JAS, KC, NUSA, ORI, PE, RCI, SAMART, SENA, SMART, TSF

ACAP
ACAP expects to show net profit next year on the back of loan extensions and cost control although this year may have a net loss. It is working with AJD to invest in an online loan machine valued at Bt400mn. It plans to acquire more debt to increase its debt collection portfolio. (Thun Hoon, 30/10/15)
Comment: We do wonder who the new shareholders are in ACAP and what their plans will be with this entity in the future

COM7
COM7 expects to show net profit in 4Q15 backed by 4G auction and iPhone6-plus launch. It expects 2015 revenue to achieve its target. It expects 2016 revenue to grow 5%. It plans to open more branches to expand to the SME market. (Thun Hoon, 30/10/15)
Comment: So, wait for the price to decline and buy again when the iPhone 7 releases?

CPN
CPN plans to expand to Myanmar. It targets to open hotel and department stores to cover AEC. It expects 2016 revenue to grow 10-15% backed by tourism. (Thun Hoon, 30/10/15)
Comment: The family already has a foothold there, so this is just a natural extension of the group’s overall business

Continue reading Stocks in the news (30.10.15)

Stocks in the news (21.10.15)

Names today: CHG, COM7, CPN, DRT, EFORL, JTS, KC, KTC, MC, NYT, PLANB, PTT, PYLON, SLP, SMT, TCMC, TPAC

CHG
CHG expects to acquire one hospital this year. It expects 1-2 deals to be concluded next year. It expects its expansion plan to raise revenue by 18-20% this year from 2014’s Bt2.7bn. It expects net profit to grow 15% from 2014’s 480mn. Both local and foreign investors are interested in CHG shares. (Thun Hoon, 21/10/15)
Comment: Hence why CHG being viewed as a future BDMS. It does beg the question, why did management sell so many shares between 11-12 baht (pre stock split)

COM7
COM7 expects to benefit from launch of iPhone 6S. It expects this to increase sales and net profit in 4Q15. It expects 3Q15 earnings of Bt59mn. It expects 2015 net profit of Bt271mn (+29%). (Khao Hoon, 21/10/15)
Comment: As commented yesterday, buy on the Iphone releases (we call this funnymentals)

CPN
CPN expects 2015 revenue to grow 10%. It plans to open CentralFestival Eastville valued at Bt6bn on Nov 27. It has budgeted Bt300mn for a marketing campaign to boost sales in 4Q15. (Khao Hoon, 21/10/15)

DRT
DRT expects 2015 net profit to be better than last year. It targets 2016 revenue growth of 5%. It expects government stimulus to lift sales in 4Q15. It plans to increase capacity. (Thun Hoon, 21/10/15)

Continue reading Stocks in the news (21.10.15)

Management Trades 12/10 – 16/10

Notable Transactions

Buy(s) THB 169 mn

  • MALEE – Looks like a swap between the Central family members
  • RS – And the owner keeps buying and buying

Sell(s) THB 959 mn

  • BEC – Another large block sale by the maleenont family
  • MALEE – See above
  • MINT – Quite rare to see this director sell his shares in MINT, he’s been there for the past….15 or so years
  • ACAP – It’s been news in the market that the major shareholders of ACAP have sold out.
  • KC – This property company is somehow trading @ THB 2.5 bn mkt cap even though it’s profits have never been higher than THB 40 mn in the past 5 years
  • TIPCO – These shares have run up because of its holding in TASCO, no surprise seeing a large sale here.

mgmt_trade

Stocks in the news (ap, brr, bwg, emc, epco, ilink, kc, major, pps, sppt, ssi, tpipl, uwc, win) 22.09.15

AP
AP expects 2H15 backlog of Bt14.47bn, of which Bt8.47bn is expected to be booked this year. It expects 2015 revenue of Bt25.3bn as it has achieved Bt20.9mn. (Khao  Hoon, 22/09/15)
BRR
BRR plans to issue a Bt2bn 2-year debenture. It expects to use the cash from this to increase capacity to 23,000 tons/day. (Khao Hoon, 22/09/15)
Comment: Every company should be issuing debentures to take advantage of this low interest rate environment. 
BWG
BWG expects M&A to be finalized soon. It is ready for new machinery for the waste power plant which is expected to supply electricity next year. It expects 2H15 earnings to be good on the back of high demand. It expects 2015 revenue to grow 15% as targeted. (Thun Hoon, 22/09/15)
EMC
EMC has launched Palmio Amata Nakorn condo which targets workers in Amata industrial estate. It expects to recognize Bt261mn revenue in 4Q15. (Thun Hoon, 22/09/15)
EPCO
EPCO expects to get a 600MW cooperative solar farm project. It expects a 15MW Japanese solar farm to be finished and supply electricity in 3Q15. It expects 2015 revenue to grow 10% and net profit to grow 15%. (Khao Hoon, 22/09/15)
Comment: EPCO does have quite the professional team targeting renewable projects, no surprise in their ability to win projects

Continue reading Stocks in the news (ap, brr, bwg, emc, epco, ilink, kc, major, pps, sppt, ssi, tpipl, uwc, win) 22.09.15

Management Trades 09/03 – 13/03

Notable Transactions

Buy(s) THB 237 mn

  • AJD – He sold the warrants to buy his shares
  • TSR – Seems like the CEO bought this stake off another shareholder (~3%)
  • NMG – And the VP still continues to buy buy buy

Sell(s) THB 2,629 mn

  • TUF – A massive block sale by the family – question, if you believe your company is worth xx% more would you sell this size a stake?
  • KC – It’s a change in major shareholding with all the original shareholders out and K. Pattarapob (ex STEC , current AJP owner) in.
  • FANCY – Big sales by the family – another reverse IPO/backdoor listing in the making?
  • S11 – I’m not surprised to see continued insider selling here. Silly valuations.
  • AJD – See above

150316 mgmt_Trades