Tag Archives: kkc

Stocks in the news (aot, bigc, bjc, eastw, fsmart, kkc, ktc, lit, mint, planb, sccc, smpc, snc, svi, tcap, tnh, top, trc) 15.02.16

AOT
AOT to report 1QFY16 today, profit estimated at Bt4.48bn, growing 20% supported by an 11% rise in passengers to 28.9 million. It expects good earnings in 2Q16. It expects profit in FY2016 of Bt18.5bn based on the ATTA estimate of 13% growth in passenger flow-through in 2016. (Khao Hoon, 15/2/15)
Comment: It should be rather incredible #’s coming out of AOT..yet again
BIGC/TCC
Berli Jucker Plc (BJC) to buy the 58.56% stake in Big C from France-based Casino Group. TCC Group led by billionaire Charoen Sirivadhanabhakdi has assigned subsidiary BJC to make the purchase, borrowing Bt220bn to finance the acquisition. (Bangkok Post, 13/2/15)
Comment: We are curious to see how shareholders of BJC react to this given that they had initially rejected Metro Vietnam at BJC’s first attempt
EASTW
EASTW reported net profit of Bt1.58bn, growth of 18.79%. It reported revenue from sales and services of Bt4.36bn, up 2.94%, on an improvement in the economy. (Khao Hoon, 15/2/15)
Comment: Scale scale scale
FSMART
FSMART reported net profit of Bt272mn, 77% growth. It reported total revenue of Bt1.68bn, up 45%. The board approved a full year dividend of Bt0.15; the, interim dividend of Bt0.02 will be paid in 2H16. (Khao Hoon, 15/2/15)
Comment: Just incredible #’s continuing to come out of FSMART!

Continue reading Stocks in the news (aot, bigc, bjc, eastw, fsmart, kkc, ktc, lit, mint, planb, sccc, smpc, snc, svi, tcap, tnh, top, trc) 15.02.16

Stocks in the news (abc, acap, drt, earth, iec, jwd, kkc, news, pstc, ptt, sat, sc, sutha, tisco, tks, tmi, top, uac) 13.01.16

ABC
ABC plans to invest in education business. It expects to sign an MoU with Lanna International School in Chiang Mai, valued at Bt150mn. It plans to launch the Bt2.5bn ABC Residence Sukhumvit39. (Khao Hoon, 13/01/16)
Comment: Wait…weren’t they going to do IT? And then renewable energy? And now its an international school and property development, gotta love the consistency here.

ACAP
ACAP expects net profit this year after restructuring its business. It expects 4Q15 earnings to be good. It targets 2016 loan portfolio of Bt2bn. It plans to broaden its SME customer base. (Thun Hoon, 13/01/1)

DRT
DRT plans to export to CLMV+1. It targets exports to comprise 20% of sales. It plans to increase domestic sales via modern trade and property projects upon economic recovery. It expects 2015 net profit to be good. (Thun Hoon, 13/01/16)
Comment: Regardless, growth is minuscule for the company at this point.

EARTH
EARTH plans to acquire a 40mn-ton mine. It targets 2016 revenue of Bt16bn. It expects exports to be good thanks to the baht weakening. (Thun Hoon, 13/01/16)

Continue reading Stocks in the news (abc, acap, drt, earth, iec, jwd, kkc, news, pstc, ptt, sat, sc, sutha, tisco, tks, tmi, top, uac) 13.01.16

Stocks in the news (05.11.15)

Names today: AIRA, AJD, AIRP, CK, GLOBAL, J, JWD, KKC, KTC, ML, PDF, PLANB, PTTGC, SC, SPI, STA, TOG

AIRA
The company targets private loan portfolio of over Bt2.5bn in 2016. It has opened four new branches this year and plans to reach total of 15 branches next year, with an additional 50 booths in 2016. (Thun Hoon, 5/11/15)

AJD
AJD announced it has begun preliminary investment talks with Alibaba Group, but has not yet reached any agreement. It is engaged in another investment deal in the logistics business with YTO Express which should be concluded by end-2015, after which it will be submitted to the board for approval. (Thun Hoon, 5/11/15)

ARIP
The company is confident it will turn to profitability by 4Q15, driven by Thailand Com Mart exhibition before yearend. (Thun Hoon, 5/11/15)

CK
The company said it has backlog of Bt90bn and plans to realize revenue of Bt8-9bn in 4Q15. It is confident it will secure more backlog from government infrastructure projects, expecting to win 20-25% of a total value of Bt100bn. (Thun Hoon, 5/11/15)
Comment: Two things, 1) Infra projects 2) BMCL and BECL merging

GLOBAL
Suwanee Homecenter plans IPO in Lao Securities Exchange. Executives plan for roadshow in November. (Thun Hoon, 5/11/15)
Comment: This could explain some of the strength in the stock price despite earnings being average at best. Still consider it to be a poor version of HMPRO, it’s inventory turnover is atrocious

Continue reading Stocks in the news (05.11.15)

Stocks in the news (apco, beauty, big, fsmart, hemraj, kcar, kkc, mint, pace, ptt, rml, samco, sena, spa, super) 08.09.15

APCO
APCO expects 2H15 revenue to be better than 1H15’s Bt189mn on expanding via online and launching new products. It targets 2015 net profit of Bt118mn on the back of high margin product and cost control. (Khao Hoon, 08/09/15)
Comment: And they are somehow launching a HIV/AIDS medicine as well.

BEAUTY
BEAUTY targets export to comprise 6% from 2% by focusing on India and the Middle East where it has a customer base. It plans to sign a contract with a distributor in Indonesia this month. It expects earnings to mark a record high this year. (Bangkokbiznews, 08/09/15)
Comment: They do have substantial amount of cash on the b/s relative to assets ~30% today.

BIG
BIG expects 2015 net profit to grow 100% from 2014’s Bt137mn on the back of higher bargaining power with suppliers. It has budgeted Bt100mn to renovate old branches and open new branches. (Thun Hoon, 08/09/15)

FSMART
FSMART plans to set up new version of Boonterm top-up machine in 208 SAWAD branches aiming at 200 branches/month. It is looking for other prospective partners. It targets top-up revenue to reach Bt15bn from 60,000 existing top-up machines. Management expects revenue from advertising will grow significantly in 4Q15. (Thun Hoon, 08/09/15)
Comment: And this machine continues to grow and grow

Continue reading Stocks in the news (apco, beauty, big, fsmart, hemraj, kcar, kkc, mint, pace, ptt, rml, samco, sena, spa, super) 08.09.15

Stocks in the news (ajd, aot, bcp, bkd, city, demco, eastw, forth, hmpro, kkc, paf, pca, prin, ptt, sgp, singer, solar, thcom, trt, upa) 31.08.15

AJD
AJD expects to sign contract with YTO Express in September. It plans to invest in the logistics business in Thailand soon. (Khao Hoon, 31/08/15)
AOT
AOT expects to invest in Suvarnabhumi phase 2, valued at Bt56bn, by the end of this year. Management expects performance to be good as total passengers grew 14% in the first eight months of the year. It targets 50mn passengers this year. (Thun Hoon, 31/08/15)
Comment: And when you talk to construction co’s or project consultants, they all raise their eyebrows b/c AOT can’t talk about project value until they’ve consultant with these folks.
BCP
BCP reported 2Q15 net profit and EBITDA of Bt4.05bn and Bt10.4bn respectively aided by high utilization rate at 115KBD. It expects stock loss in 3Q15 but this loss will not impact cash. It plans to acquire a 30-41MW power plant abroad. It plans to add 350-400 new gas stations by 2020. (ASTV, 31/08/15)
BKD
BKD has gotten a Bt200mn interior decoration job for a hotel overseas. It expects to get more jobs from Laos after it has got a Bt70mn from Chip Mong Land Co., Ltd. It targets exports to grow 10%. 2H15 net profit is expected to be good aided by seasonality. It plans to bid for Bt1bn in jobs, of which it expects to get 50%. (Thun Hoon, 31/08/15)

Continue reading Stocks in the news (ajd, aot, bcp, bkd, city, demco, eastw, forth, hmpro, kkc, paf, pca, prin, ptt, sgp, singer, solar, thcom, trt, upa) 31.08.15

Stocks in the news (advanc, aira, ajd, anan, bjchi, dcc, epg, gunkul, kbank, kkc, mono, perm, qh, ptt, rs, ticon, tndt, true, uniq, uwc, work) 03.08.15

ADVANC
ADVANC expects to report 2Q15 net profit of Bt9.1bn which will raise 1H15 earnings to Bt19bn. It expects to pay an interim dividend of Bt6.57/share (2.8% yield). It expects to gain benefit from the 4G auction that will be held before the end of this year. (Khao Hoon, 03/08/15)
Comment: Perhaps still the only decent telecom player in Thailand given how DTAC has fallen by the wayside

AIRA
AIRA is talking to prospective partner and targets to have 12 subsidiaries in 2020 from six now to increase its profit growth. It expects to diversify to property business for regular income. It plans to list subsidiary AIRA Propery” next year. It is confident 2017 revenue will grow significantly aided by higher revenue from its subsidiaries. (BangkokBiznews, 03/08/15)
Comment: AIRA is trying its damnest to be a mini financial conglomerate with the securities, lending, leasing, property businesses

AJD
AJD expects to report to the SET today of the signing of an MoU with YTO Express to set up a new company to undertake the logistic business. (Khao Hoon, 03/08/15)

ANAN
Japanese investors are interested in becoming business partners to ANAN in view of its strong fundamentals. It expects 2015 revenue will achieve target of Bt11bn aided by transfers. It plans to invest Bt17.8bn in new projects which is expected to lift its backlog to Bt34bn. (Thun Hoon, 03/08/15)
Comment: I’ve heard about this since last year, naturally the first name should be its existing JV partner

Continue reading Stocks in the news (advanc, aira, ajd, anan, bjchi, dcc, epg, gunkul, kbank, kkc, mono, perm, qh, ptt, rs, ticon, tndt, true, uniq, uwc, work) 03.08.15

Stocks in the news (bjchi, centel, cpall, cwt, dtac, kkc, mcot, ml, pae, pjw, pttgc, s, tcj, tcmc, tfd, trc, tuf, tvd, upa, ureka) 20.07.15

BJCHI
BJCHI expects 2Q15 earnings to be better than 1Q15 benefitting from FX gain. It expects 2H15 earnings to increase aided by backlog from Petrobras, worth Bt1.3bn and new projects from TUPI BV, valued at Bt5.4bn. It expects 2H15 net profit of Bt800mn. (ASTV, 20/07/15)
Comment: We do wonder aloud, weakening thb, which other export based or sectors/companies that rely upon Thailand being cheap for labour will benefit in the continued weakening of the THB? The same question of course goes for every other country in the region.

CENTEL
CENTEL expects to benefit from the baht depreciation as it will lead to an increase in tourists. Its average occupancy rate is 80% in 1H15 which is higher than 1H14. (Thun Hoon, 10/07/15)

CPALL
CPALL expects 2015 revenue to grow 11-12%. It expects water sales to grow 15% as people buy more water because of the drought. (Khao Hoon, 10/07/15)
Comment: Who else could in benefit from this? CPALL I’m finding interesting now because it looks like they will sell off part of their makro stake, to pay down their debt

CWT
CWT plans to set a Bt250mn plant in Cambodia for exports, expects this to start up in mid-2016. It targets 1mn capacity in 2019. (Khao Hoon, 10/07/15)

Continue reading Stocks in the news (bjchi, centel, cpall, cwt, dtac, kkc, mcot, ml, pae, pjw, pttgc, s, tcj, tcmc, tfd, trc, tuf, tvd, upa, ureka) 20.07.15

Stocks in the news (aq, arrow, bcp, beauty, css, drt, emc, erw, estar, gunkul, kkc, ktb, malee, match, mdx, mill, pjw, samart, sithai, tmb, uwc) 08.07.15

AQ
AQ says AQ Aria Asoke, valued at 1.6bn, sold out within 1 week after launch. It plans to launch new projects focused on single detached houses and townhomes. (Khao Hoon, 08/07/15)
Comment: Location is still the most important part of property regardless of the brand name, AQ has done a decent job getting its projects up and running but still worried re its valuaton

ARROW
ARROW expects 3Q15 earnings to mark a record high with 25% gross margin backed by implementing cost controls and stable materials cost. It expects 2015 revenue to achieve target. It expects to get Bt20mn from selling pipe for underground cable in 3Q15. (Thun Hoon, 08/07/15)
Comment: Arrow has been on such a run for the past few years, we do wonder aloud if they have the necessary capacity to match all the potential projects

BCP
BCP expects 2Q15 earnings to grow aided by refinery margin and stock gain. It targets power plant capacity of 200MW this year. (Khao Hoon, 08/07/15)
Comment: Just like every other industrial related co, they’ll have profits in 2q as a result of stock gains, 3q however now looks to be unfolding the other way

BEAUTY
BEAUTY plans to broaden its market to Indonesia, expected to be clear in 2H15. It expects 2015 revenue to increase 20% thanks to strong demand. (Thun Hoon, 08/07/15)

Continue reading Stocks in the news (aq, arrow, bcp, beauty, css, drt, emc, erw, estar, gunkul, kkc, ktb, malee, match, mdx, mill, pjw, samart, sithai, tmb, uwc) 08.07.15

Stocks in the news (advanc, aira, akr, cbg, cwt, dna, ea, forth, ifec, hotpot, kkc, ktc, planb, prin, pttgc, richy, sanko, seaoil, siri, wha) 03.07.15

ADVANC
ADVANC expects to be a leader in broadband business by partnering with TOT; this is expected to be concluded in 3Q15. 2H15 revenue is expected to mark a record high thanks to seasonality. Subsidiary AWN is preparing to participate in the 4G auction. (Thun Hoon, 03/07/15)
AIRA
AIRA expects 10-20% revenue growth this year, benefitting from increasing in trading turnover. It is ready for nano-finance, expecting Bt1bn loans with a focus on mid to low end clients. It is looking at a property business, which it expects to be cleared within 21 months. (Thun Hoon, 03/07/15)
AKR
AKR expects to get 20MW solar power from the 800MW up for bid. It expects to recognize revenue from power plants in 2016. It expects a net profit in 2Q15, backed by a large backlog. It expects to be awarded a Bt1.4bn PEA project soon. It is confident 2015 revenue will grow 10% as targeted. (Thun Hoon, 03/07/15)
Comment: AKR is a substandard epc co and it’s not possible for them to have any revenue from power plants anytime soon
CBG
2Q15 sales are expected to continue to grow, backed by a marketing campaign. (Thun Hoon, 03/07/15)

Continue reading Stocks in the news (advanc, aira, akr, cbg, cwt, dna, ea, forth, ifec, hotpot, kkc, ktc, planb, prin, pttgc, richy, sanko, seaoil, siri, wha) 03.07.15

Stocks in the news (aot, ecf, ifec, kkc, major, qh, spcg, ticon) 09.06.14

AOT

Directors resign en masse — Airports of Thailand Public Company Limited (AOT) reports that the following directors resigned from AOT Board of Directors and all other positions, effective June 6, 2014: 1. Squadron Leader Sita Divari 2. Police General Krisna Polananta 3. Police Lieutenant General Pharnu Kerdlarpphon and 4. Mr. Wattana Tiengkul. (SET, 09/06/14)

Comment: I view this as wonderful news, AOT was well known to be under the thumb of Dr. T, hopefully less $$ will be flying out of AOT’s windows.

ECF

Issuing warrants — ECF will issue 260mn units of ECF-W1 with duration of 3 years for existing shareholders at the ratio of 2:1 (existing:new) to help support growth. It is confident that the furniture market in the second half will be active and expects 2Q14 revenues to grow by more than 15%. (Khao Hoon, 09/06/14)

Comment: Well..a furniture company that is barely profitable issuing warrants, sounds like the owners want their stock price to go up.

IFEC

MoU with Phnom Penh — IFEC reports it has entered into a memorandum of understanding with the Phnom Penh Municipality to conduct a study on the feasibility and proposal for a waste management project in Phnom Penh and the utilization of such waste to generate electricity. The company expects the initial study and planning stage of the project to take 6-12 months. (Khao Hoon, 09/06/14)

Comment: IFEC is one of the latest reverse IPO’s with new management taking the company from its leasing printer business to solar plants and renewables.

Continue reading Stocks in the news (aot, ecf, ifec, kkc, major, qh, spcg, ticon) 09.06.14