Tag Archives: KTB

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

Stocks in the news (auct, bafs, demco, dsgt, ecf, egco, ktb, nep, richy, seafco, simat, super, tsr, tta, vte) 05.09.16

AUCT
AUCT expects to have good news soon. It expects 2H16 to be growth and expects 3Q16 to recovery due to car bidding is recovery; It had bid for a 30k car in 1H16. (Thun Hoon, 05/09/16)
BAFS
BAFS expects 2016 revenue and profit to record a new high, as volume increases with the number of flights. It expects 2H16 to grow due to high season. (Kao Hoon, 05/09/16)
Comment: And with the continued expansion of the Airport this company is sitting pretty
DEMCO
DEMCO expects its business to pass bottom after the budget for repairing Huay Bong 2-3 has been settled. It expects 2H16 to be in the black. It is confident that 2016 revenue will reach its target of Bt6bn, growth of 10-15%, supported by more than Bt6.4bn in backlog waiting to be booked. (Kao Hoon, 05/09/16)
Comment: Should this issue pass, then the last issue will be with WEH potential IPO – if/when that will occur
 
DSGT
DSGT expects 2016 revenue to be better than 2015’s revenue of Bt7.5bn, backed by customer expansion and expansion in Thailand and abroad. It plans to launch a big campaign to stimulate sales. (Thun Hoon, 05/09/16)
Comment: Just out at lunch time was the news that a PE firm has bid for THB 5.00/share for all of DSGT
ECF
ECF expects 2016 revenue growth 12-15% due to furniture business is recovery. It plans to negotiate with partner to invest in power plant in Thailand and abroad which expects to conclude in 3Q16. Recently, It signed MOU with AF to do a factoring loan to members and supplier. (Kao Hoon, 05/09/1 6)
EGCO
EGCO expects 2016 operating profit to exceed Bt8bn, growth of over 5%, after reporting operating profit of Bt4.3bn in 1H16. It continues to expand electricity business in Thailand and abroad and expects capacity to reach 5,000MW by 2019. (Kao Hoon , 05/09/16)
KTB
KTB rejigs loan price formula. Krungthai Bank (KTB), the country’s largest state-owned bank by assets, has revised its pricing formula for government and state enterprise loans to be more competitive after significant falls over the past few years. (Bangkok Post, 05/09/16)

Continue reading Stocks in the news (auct, bafs, demco, dsgt, ecf, egco, ktb, nep, richy, seafco, simat, super, tsr, tta, vte) 05.09.16

Stocks in the news (aeont, aot, cho, ck, cwt, earth, fpi, hmpro, ktb, tasco, tfg, true) 08.07.16

AEONTS
AEONTS issues debenture of Bt8bn which it will use to refinance and as funding to support its business. It reported 1H16 profit of Bt515.84mn supported by more credit card revenue. (Thun Hoon, 08/07/16)
Comment: Still one of the best operators in town 
 
AOT
AOT has budgeted Bt194bn to develop its six airports over 5-10 years. Once finished, its airports will support 181mn passengers per year. (Kao Hoon, 08/07/16)
Comment: Contractors, materials, security firms will all benefit from this.
 
CHO
CHO will bid in the e-auction for the 489 NGV bus project worth Bt4bn. It expects to know the result this evening. (Kao Hoon, 08/07/16)
CK
CK signed the contract for Xayaburi in Laos worth Bt19.4bn. This will expand its backlog to Bt100bn. (Kao Hoon, 08/07/16)
CWT
CWT will bid for renewable energy project. It expects 2016 revenue of Bt1.5bn. It has more jobs to book and is steadily adding new jobs to add to its backlog of Bt1.5bn. (Thun Hoon, 08/07/16)

Continue reading Stocks in the news (aeont, aot, cho, ck, cwt, earth, fpi, hmpro, ktb, tasco, tfg, true) 08.07.16

Stocks in the news (centel, grand, hmpro, ktb, maco, oishi, pace, pylon, tluxe, tmi, uniq) 07.07.16

CENTEL
CENTEL plans to take over Thai Foods brand. It targets 2016 revenue to grow at 10%, driven by healthy tourism. (Thun Hoon, 7/7/16)
GRAND
GRAND plans to take over a prestigious hotel in Thailand. It expects to see healthy 2Q16 earnings, driven by booking from Hyde Sukhumvit 11 and hotel businesses. (Thun Hoon, 7/7/16)
Comment: Still have our doubts on their ability to execute…
 
HMPRO
HMPRO expects to see outstanding 2Q16 earnings from Mega Home. It targets 2016 revenue to grow 10-15% from expanding portfolios and a slight change in business model. (Thun Hoon, 7/7/16)
KTB
KTB targets 2016 loans to grow 3-4% from SME and governmental lending. It expects 2Q16 NPL to deceleratedly increase. (Thun Hoon, 7/7/16)
MACO
MACO plans to be number one in the country in 2-3 years with market share more than 40%. It is expanding the business, negotiating for M&A. Its 2Q16 performance is expected to be healthy from advertising signs covering 77 provinces. (Thun Hoon, 7/7/16)
Comment: I’m fairly certain that they are already the largest in what is a very fragmented industry

Continue reading Stocks in the news (centel, grand, hmpro, ktb, maco, oishi, pace, pylon, tluxe, tmi, uniq) 07.07.16

Stocks in the news (ap, big, cgd, cmo, com7, dna, earth, dna, earth, earth, gold, kool, ktb, samco, synex, tfg, tsr) 05.07.16

AP
AP expects 2Q16 earnings to continue to grow, supported by its transfers. It expects 2016 revenue will hit target at Bt23.7bn supported by backlog of Bt12.9bn and the launch of 13 new projects. (Thun Hoon, 05/07/16)
BIG
BIG has opened its “WONDER PHOTO SHOP”, its first outlet for printing photos from smartphones. This has received good response. It expects 2016 revenue growth of 15%. It expects the camera market to continue to grow in 2H16. (Kao Hoon, 05/07/16)
Comment: Knowing how the consumer market works here, this may be incredibly popular for 12-18 months and then die off
 
CGD
CGD bought a school in UK for Bt848mn. It expects to book revenue of £600bn in 2H16. (Kao Hoon, 05/07/16)
CMO
CMO unveils new business strategy – CMO is marking its 30th anniversary by focusing more on tourism and its entertainment-and lifestyle-related business on top of its core eventmanagement operation as it aims to achieve a revenue target of Bt2 billion within two years. (The Nation, 05/07/16)
COM7
COM7 expects 1H16 earnings to be strong supported by the launch of “iPhone SE”. It expects 2016 revenue of Bt17bn. It plans to open 100,000 numbers within one year. (Kao Hoon, 05/07/16)
Comment: And we have the iPhone 7 coming!

Continue reading Stocks in the news (ap, big, cgd, cmo, com7, dna, earth, dna, earth, earth, gold, kool, ktb, samco, synex, tfg, tsr) 05.07.16

Stocks in the news (bwg, demco, eat, gpsc, jas, kbs, ktb, mega, planb, scn, sport, tgci, thai, wice) 22.03.16

BWG
Board approved a dividend Bt0.04/share. It will issue BWG-W4 at a ratio of 6 old shares to 1 new share to shareholders and those who exercise BWG-W3. It will increase capital. (Thun Hoon, 22/03/16)
Comment: Well they seem rather adamant on expanding in the waste to energy segment

DEMCO
DEMCO bidding for EGAT and PEA jobs worth no less than Bt10bn. It targets revenue growth of 10-15% supported by 4G telecommunication towers and expansion of water and underground electrical systems in Laos. (Thun Hoon, 22/03/16)
Comment: Now the question left for demco is how much will the cost of business loss will cost the company over the next 6 months

EA
EA expects good earnings in 1H16 supported by a 90MW solar farm in Phitsanulok and biodiesel. It says 2016 revenue will grow 30% from last year supported by booking revenue from the sale of 404MW. (Thun Hoon, 22/03/16)

GPSC
GPSC continue to get dividend from RPCL. It is confident that net profit in 2016 will grow. It is preparing to hold a roadshow both in and outside Thailand to increase investor confidence. (Kao Hoon, 22/03/16)

Continue reading Stocks in the news (bwg, demco, eat, gpsc, jas, kbs, ktb, mega, planb, scn, sport, tgci, thai, wice) 22.03.16

Stocks in the news (acc, aeonts, banpu, fsmart, hmpro, jutha, ktb, ktis, lst, max, ndr, npp, preb, sccc, spa, true, trc, vte) 14.03.16

ACC
ACC’s shareholders have approved 300mn share capital increase, at par Bt0.25 with warrant at a ratio of 4:1 and an exercise price of Bt1.25. It will use the funds for business expansion. It expects 2016 revenue to turn around on the back of alternative energy and property business. Its power plant business has already contributed revenue in Jan 2016. (Thun Hoon, 14/03/16)
Comment: Another odd (but new!) company that will somehow magically combine alternative energy and property development…

AEONTS
AEONTS plans to expand to 300,000 credit cards this year, focusing on young adults with a monthly income of over Bt30,000 of income. It expects to tighten extending credit to factories given the slowdown in export growth. (Khao Hoon, 14/03/16)

BANPU
BANPU’s board approved a capital increase of 2.582mn shares, at a ratio 2 old: 1 new at Bt5 with 1 warrant. It will use the funds to restructure its financing and lower debt from Bt12.9bn currently, in the process cutting D/E to 1.23X. (Thun Hoon, 14/03/16)

FSMART
FSMART expects 2016 revenue growth of 30%. It targets 90,000 Boon-Term Top-Up machines by the end of this year from 71,000 at the end of February. It plans to offer a new service, money transfers via Top-Up machines, in April and an e-wallet in mid-2016. (Khao Hoon, 14/03/16)
Comment: If the top line growth is this high, expect for bottom line to grow at 1.5x multiple…

Continue reading Stocks in the news (acc, aeonts, banpu, fsmart, hmpro, jutha, ktb, ktis, lst, max, ndr, npp, preb, sccc, spa, true, trc, vte) 14.03.16

Stocks in the news (bjc, gunkul, ircp, jwd, ktb, lalin, mono, nok, spali, stec, tacc, trt, true) 07.03.16

BJC
Foreign banks help BJC fund US$6.2bn Big C buy – Berli Jucker Plc (BJC) has tapped foreign banks including BNP Paribas as well as domestic lenders to raise US$6.2 billion for its acquisition of Big C Supercenter Plc, putting it on track to successfully meet a March 31 financing deadline. (Bangkok Post, 4/3/16)
Comment: One hopes for BJC that the support is certain otherwise they’ll be out of pocket to the tune of USD 600 mn

GUNKUL
GUNKUL approved a par split from Bt1 to Bt0.25 to increase liquidity. It ready to issue a debenture of not over Bt3bn, age not over 7 years to support further expansion. It will offer the debenture to shareholders on April 26. (Thun Hoon, 07/03/16)
Comment: Well if you want to do a stock split now before the SEC implements the 0.50 minimum ruling.

IRCP
IRCP set up a JV, “Singhacom intergroup”, with Singhacom enterprise to act as a service provider and improve 4G network. It expects to book revenue in 2016 of Bt100mn. (Kao Hoon, 07/03/16

JWD
JWD expects to finish M&A deal in ASEAN worth more than Bt3.5bn. It is interested in logistics business. It targets revenue growth of no less than 10%. (Kao Hoon, 07/03/16)

Continue reading Stocks in the news (bjc, gunkul, ircp, jwd, ktb, lalin, mono, nok, spali, stec, tacc, trt, true) 07.03.16

Stocks in the news (advanc, ait, chg, cpall, jmart, ktb, siri, tkn, tse) 04.12.15

ADVANC
ADVANC plans to invest Bt14.5bn to develop 4G network. It currently has cash on hand of Bt44.5bn. (Thun Hoon, 4/12/15)
Comment: But the debt portion will increase by a significant amount of pay for the 4G concessions
AIT
AIT expects 2015 revenue to reach Bt5bn and plans to get a partner to create a data center to expand its revenue base. It also plans to get new projects worth Bt9.88bn. (Thun Hoon, 4/12/15)
Comment: We do at times wonder, if TOT is out of cash how can AIT continue to have projects from them?
CHG
CHG closed a hospital takeover deal. It plans to sign the contract this month. It also plans to expand in the Special Economic Zone and in the Eastern region to serve the AEC market. (Thun Hoon, 4/12/15)
Comment: Boom, future BDMS in the making
CPALL
CPALL execs deny knowledge of MAKRO deal. The top executive of SET-listed CP All Plc who has been fined more than 30 million baht for insider trading has denied he had any knowledge the company was interested in acquiring Siam Makro Plc when he bought its shares. (Khao Hoon, 4/12/15)
Comment:  More comments to come later on this

Continue reading Stocks in the news (advanc, ait, chg, cpall, jmart, ktb, siri, tkn, tse) 04.12.15

Stocks in the news (amata, aot, bmcl, cho, hmpro, kkp, ktb, plat, qh, qtc, stpi, ttw, vih, wha) 27.11.15

AMATA
AMATA expects 4Q15 revenue to be healthy even though it cannot reach the target of selling 1000 rai of land this year. It has sold only 493 rai of land in 9 months. (Thun Hoon, 27/11/15)
Comment: It’s the usual cycle for industrial estates in Thailand.

AOT
AOT expects 4Q15 profit of at least Bt3.2bn (51% growth). It expects revenue for the whole of this year to be Bt17bn backed by peak season. (Thun Hoon, 27/11/15)

BMCL
BMCL expects the cabinet to approve the M&A with BECL on December 8. (Khao Hoon, 27/11/15)

CHO
CHO expects to gain revenue from an 11-year project. Next year it will focus on maintenance services and expects to get a project worth Bt400mn. (Thun Hoon, 27/11/15)
Comment: If it is similar to their Tesco contract then its a steady cash flow generator for the firm

Continue reading Stocks in the news (amata, aot, bmcl, cho, hmpro, kkp, ktb, plat, qh, qtc, stpi, ttw, vih, wha) 27.11.15