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 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 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 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)
Names today: AIRA, AJD, AIRP, CK, GLOBAL, J, JWD, KKC, KTC, ML, PDF, PLANB, PTTGC, SC, SPI, STA, TOG
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 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)
The company is confident it will turn to profitability by 4Q15, driven by Thailand Com Mart exhibition before yearend. (Thun Hoon, 5/11/15)
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
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
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 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 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 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
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 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 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)
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
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 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 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 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)
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 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 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 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)
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.
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.
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.