ADVANC is budgeting Bt40bn to expand its 4G network. It targets to cover all 77 provinces with 14,000 base stations in two months. It is confident it can secure its customer base. It expects to complete the deal with TOT by 1Q16. (Thun Hoon, 27/01/16)
Comment: And all signs are still pointing up for ADVANC despite the fact that it’s stock price is still some 30% below its peak
ANAN expects 4Q15 to grow more than 500% from 3Q15’s Bt161mn on the back of transfers for two condominiums. It expects 2016 net profit to reach Bt1.6bn driven by numerous transfers. (Thun Hoon, 27/01/16)
Comment: No surprise here…and just watch their 2016 growth
CHO received orders for five catering trucks from customer in UAE, valued at Bt40mn. Delivery is to be in mid-2016. It expects to get 15 more orders, all of which will provide 10% revenue growth this year. (Khao Hoon, 27/01/16)
DCC expects 2015 net profit of Bt1.3bn with Bt7.1bn sales. Its board has approved a dividend payment of Bt0.05/share, XD on Feb 26. (Khao Hoon, 27/01/16)
KCM is talking to a Chinese partner about importing solar cells. It expects this to generate Bt50-100mn revenue. It plans to set up a steel rolling mill in Cambodia. It expects to list its subsidiary on the Cambodian stock exchange. It expects 2015 performance to be good despite the economic slowdown. (Thun Hoon, 27/01/16)
BKD reported 3Q15 earnings growth of 107%. It expects 2015 revenue to mark new high. It has completed up a roadshow in Hong Kong with CLSA with good feedback. (Khao Hoon, 11/11/15)
Comment: I just don’t understand how they were able to grow as well and whether or not it is sustainable.
BRR says investors from Singapore are interested in its shares because of its strong fundamentals. It will hold a site visit on December. It has budgeted Bt800mn to invest in ethanol and biogas power plants. It expects 2015 revenue to reach new high backed by high sugar orders and the power business. (Thun Hoon, 11/11/15)
Comment: Nobody loves sugar no matter how sweet it is.
CCET reported 3Q15 net profit of Bt479.24mn (+124.47%YoY). 9M15 net profit is Bt1.09bn (+138.47%YoY). (Post Today, 11/11/15)
Comment: A weakening thai baht is +ve for all of electronic manufacturers, except perhaps SVI as the majority of their customers are based in Europe (albeit Scandinavia)
CCP expects 2H15 earnings to be good after the rainy season has passed. It plans to expand to neighboring countries as it
has got order from Cambodia. It backlog is Bt2.3bn. It plans to take part in Bt1bn biddings of which 50% is expected to be awarded. (Thun Hoon, 11/11/15)
Comment: It appears for CCP that a lot of the potential future projects have already been priced in for quite a while
CHOW expects 3Q15 earnings to grow 1200%YoY on the back of revenue from construction and power business. It expects 3Q15 revenue of Bt800mn with Bt65mn net profit. 4Q15 is expected to be good backed by solar farm phase2. It expects 2016 revenue of Bt3bn with Bt500mn net profit. (Thun Hoon, 11/11/15)
Names today: arrow, ba, big, com7, irpc, kcm, lit, nusa, spa, synex, syntec, thcom, tog, tpipl
ARROW expects 3Q15 earnings to be good backed by expansion of industry and government investment. It expects this to raise 2015 net profit to Bt248mn (+32%). (Khao Hoon, 19/10/15)
Comment: One of the few companies that have consistently shown earnings growth this year.
BA expects 2016 revenue to grow 10-15% to a record high net profit. It plans to open two routes to Vietnam. It is talking to three prospective partners. 2015 cabin factor is 68-69% which is lower than expected, affected by the economic crisis in Europe. (Khao Hoon, 19/10/15)
Comment: BA’s value as a business is still effectively it’s control over Samui and we’re still waiting to see if they can truly become a regional airline, in addition to this they still have that huge stake in BDMS
BIG expects 2015 revenue to grow not less than 10% backed by growth in demand for mirrorless cameras. It maintains its targets of 10% revenue growth and 20% gross margin next year. It expects to pay dividend if shareholders approve a restructuring plan to reduce capital. (Thun Hoon, 19/10/15)
Comment: With mobile phones now replacing (or for a while already) replacing cameras I do doubt the long term viability of this company
COM7 expects 4Q15 earnings to mark a record high on the back of launching iPhone 6S and iPhone 6s Plus. It expects exports to increase aided by seasonality. It plans to invest in new business for risk diversification. (Thun Hoon, 19/10/15)
Comment: It does feel like this company should be an annual trade i.e. every time a new iphone comes out buy.
BKD expects 3Q15 revenue to be higher than 2Q15. It expects to be awarded projects valued at Bt1.3bn in 4Q15. It expects 2015 revenue of Bt1.3bn as Bt2.5bn in backlog is expected to be booked. It targets 20% revenue growth next year. It plans to launch a property project in 2Q16. (Khao Hoon, 26/08/15)
BECL expects the merger of BECL and BMCL to be finished by October with the new company trading in November. It expects to book a Bt1bn extra gain from BMCL in 3Q15. It expects Sri-Rat highway to open in July 2016. (Khao Hoon, 26/08/15)
Comment: The question still stands whether or not the company will be considered to be more valuable when the two entities combine, financial theory says no, thai investors may say otherwise.
CPR expects 2015 net profit of Bt50mn after it has reaching Bt27mn in 1H15. It expects 2015 revenue of Bt500mn backed by a broader customer base. It plans to add more farming machinery in 2017. (Thun Hoon, 26/08/15)
CSS has opened a new warehouse and office as management expects the telecom business to continue to trend up. It expects 2015 revenue of Bt4.8-5bn. (Thun Hoon, 26/08/15)
FPI expects 2015 revenue to achieve 20% target growth on the back of lower material cost and baht depreciation. It expects net margin of 13% this year. It is talking with ECF to invest in a 120MW biomass power plant, which is expected to be finalized in December. (Khao Hoon, 26/08/15)
AOT says there is no impact from the Chinese yuan depreciation. Growth in Chinese tourist was 10-14% for eight months. (Post Today, 13/08/15)
Comment: For once, I concur with this government enterprise.
ARROW reported 2Q15 earnings of Bt56mn (+92%YoY). It plans to pay an interim dividend of Bt0.15/share, XD on Aug 21. It targets 2015 revenue growth of 20%. (Khao Hoon, 13/08/15)
Comment: And somehow this little company continues to rack up decent earnings growth inspite of the overall economic situation.
BBL sees Chinese corporations becoming some of its major Vietnam customers after seeing greater direct investment activities by them. It targets 2015 Vietnam loan growth of 14% after it achieving 7-8% in 1H15. (Thun Hoon, 13/08/15)
Comment: Perhaps more of a regional play at the moment, without a doubt the Chinese are the largest investors in Vietnam
BIG reported 2Q15 earnings of Bt70.8mn. It expects revenue and net profit to grow steadily. It plans to launch a marketing campaign to boost sales. It is confident 2015 revenue will achieve its target growth of 10%. (Khao Hoon, 13/08/15)
Comment: Well its a camera retail co, just depends upon how large you believe the market is for them
ADVANC has launched a campaign “AIS the startup 2015”. This is hoped to bring in younger entrepreneurs who are interested in using ADVANC as a digital partner. (Khao Hoon, 31/07/15)
AGE plans to increase investment in alternative energy. It is studying a waste power plant abroad to adapt to the local environment. 2Q15 is expected to be good aided by cost controls. It expects 2015 revenue of Bt7bn. (Thun Hoon, 31/07/15)
Comment: We’ve been hearing about AGE planning to do this for years now…
BANPU plans to list subsidiary “BANPU Power” in 2017. It expects its subsidiary to show 2015 net profit of Bt2.87bn with assets of Bt20.87bn. (Khao Hoon, 31/07/15)
Comment: With coal prices down some ~65% from its peak, its no surprise that Banpu has to shift to pure utility investments
CTH targets 2015 revenue of Bt6bn on higher monthly fees and new packages. It expects to boost the number of members to Bt3mn by the end of May 2016. (Khao Hoon, 31/07/15)
DELTA is confident 2015 revenue will achieve its 5-10% target growth. It expects 2H15 revenue to be better than 1H15 on a higher gross margin from the automotive sector. It says there is no impact from the baht depreciation. It plans to do acquisition to support R&D. (Khao Hoon, 31/07/15)