Tag Archives: ktis

Stocks in the news (age, anan, banpu, bm, chow, com7, gl, ihl, ktis, pdg, sst, tfg, tm, trc, twpc, twz) 08.09.16

AGE
AGE has orders of more than 300K tons from China. It expects export portion to rise to over 20%. It plans to increase coal sales to 200K tons, with service revenue rising to Bt300mn. (Thun Hoon, 08/09/16)
ANAN
ANAN expects 2H16 earnings to be better than first half supported by backlog of Bt38.5bn, of which more than Bt8.39bn will be booked in 2H16. It plans to open eight new projects with a total value of Bt19bn. It reports presales of Bt10.3bn in the first eight months of the year. (Kao Hoon, 08/09/16)
Comment: Next year is supposedly their “harvest” year as they call it.
 
BANPU
BANPU got funds of Bt5bn from the conversion of 993mn units of BANPU-W3. It will set the rights ratio and offer price for the BPP IPO on Sep 26. (Kao Hoon, 08/09/16)
BM
BM cuts 2016 target revenue growth to 10% from 20% in response to the economic slowdown. It is talking with a party in Myanmar to set up a factory. (Kao Hoon, 08/09/16)
CHOW
CHOW expects to start commercial operations of a 5MW power plant in Japan, which will push 2016 capacity up to reach 28.5MW. It plans to invest in a solar farm in the Philippines. It expects a profit in 2016 thanks to growth in steel sales. It is confident that revenue will reach its target of Bt4bn and targets a doubling in steel sales to 140k tons. (Thun Hoon, 08/09/16)
COM7
COM7 expects 2H16 earnings to grow. It expects 4Q16 sales to be good due to high season and the launch of iPhone 7. It expects 2016 sales to be over Bt17bn. (Kao Hoon, 08/09/16)
Comment: Well it had the little pop and now along with the rest of the market it’s falling.
 
GL
Group Lease strengthens ties with Sri Lankan financial group – SET-listed microfinance company Group Lease (GL) plans to collaborate further with Commercial Credit & Finance, a Sri Lankan financial group, to strengthen its microfinance businesses in Indonesia and Cambodia after GL acquired a microfinance company in Myanmar from a Commercial Credit shareholder. (The Nation, 08/09/16)
Comment: So they have Thailand, Indonesia, Laos, Cambodia, and Myanmar. 

Continue reading Stocks in the news (age, anan, banpu, bm, chow, com7, gl, ihl, ktis, pdg, sst, tfg, tm, trc, twpc, twz) 08.09.16

Stocks in the news (aav, amata, amatav, ap, bem, big, bkd, bts, cmo, cpi, cwt, gold, itel, ktis, pttgc, rjh, samco, solar, spa, tacc, ureka) 23.08.16

AAV
AAV’s load factor was a high 85% in 1H16. Fares are also rising and jet fuel prices falling. It plans to open new routes in 2H16. It wants to cooperate with AOT to develop Don Mueang Phase 3 which will increase capacity to 40mn/year from 30mn/year. (Thun Hoon, 23/08/16)
Comment: I do wonder if they can get their own terminal like in KL
 
AMATA
AMATA target 2016 revenue growth of 5% and the sale of 1,000 rai of land. It is studying an investment in an industrial estate in Myanmar, with some decision expected by the end of the year. (Kao Hoon, 23/08/16)
AMATAV
AMATAV expects 2016 revenue to reach Bt1.4bn due to sale of land and good facilities rental and services business. It will book revenue from the sale of 193.75 rai at end-2016. (Kao Hoon, 23/08/16)
Comment: They are up against a rather big player in KBC (vietnamese co) and given that this is AMATA, I doubt they’ll be as good as they should be.
 
AP
AP is confident presales will achieve target of Bt31bn. It plans to launch three projects worth Bt16bn to stimulate sales in 2H16. It expects revenue of Bt23.7bn and has backlog of Bt12.8bn. (Thun Hoon, 23/08/16)
BEM
official opening of Sriratch expressway, Bangkok outer ring road. BEM expects 97,000 vehicles per day in the first year. It expects average revenue in Sep-Dec 2016 of Bt145mn per month and 2017 revenue of Bt1.8bn . (Kao Hoon, 23/08/16)
BIG
BIG plans two big events in 2H16 to support sales. It is confident that 2016 revenue will grow more than 20%. It plans to add 4-5 Wonder Photo Shop branches this year. (Kao Hoon, 23/08/16)
Comment: A quick walk past their shop during the week shows that their Photo Shops are bustling with business. 

Continue reading Stocks in the news (aav, amata, amatav, ap, bem, big, bkd, bts, cmo, cpi, cwt, gold, itel, ktis, pttgc, rjh, samco, solar, spa, tacc, ureka) 23.08.16

Stocks in the news (bem, epco, gpsc, kiat, ktis, major, npp, samart, sgp, ticon, trc, tvd) 21.07.16

BEM
BEM expects 2Q16 earnings to be good supported by expressway and BTS passengers. It expects 2016 revenue to grow 2.1% from last year. (Thun Hoon, 21/07/16)
EPCO
EPCO announced that it has postponed paying Bt117.50mn for a PP from July 15 to Aug 15, 2016. (Kao Hoon, 21/07/16)
GPSC
GPSC expects 2Q16 profit to be better than 2Q15’s Bt473mn. It expects 2016 profit to grow supported by booking revenue from IRPC and CP and Navanakorn power plant. It plans to operate 1,922MW within 2019. (Kao Hoon, 21/07/16)
KIAT
KIAT expects to get a job to transport chemical products. The project is valued at over Bt300mn and it expects to get 50%. It expects 2H16 to be good supported by new jobs worth Bt500mn. It plans to expand its business abroad and focus on the energy business. It expects to finish the deal to acquire a business this year. (Thun Hoon, 21/07/16)
Comment: If that is the case re the new project then it’ll just increase their recurring income to a higher level
 
KTIS
KTIS eyes packaging growth – The company’s target is to increase revenue from the bagasse packaging segment to 8% of total revenue from its pulp and sugar waste business to 1.3 billion baht within the next few years, up from the current 4%, he said. (Bangkok Post, 21/07/16)

Continue reading Stocks in the news (bem, epco, gpsc, kiat, ktis, major, npp, samart, sgp, ticon, trc, tvd) 21.07.16

Stocks in the news (banpu, bjc, bts, fvc, ifec, ivl, ktis, mc, mjd, preb, pt, tfg, thani, uniq, vte) 11.07.16

BANPU
BANPU expects to benefit from BPP because it has a 70MW solar farm in China. It expects the remaining 20MW to start up by 3Q16. (Khao Hoon, 11/07/16)
BJC
BJC has cancelled its capital increase PP of 800mn shares as investors needed more time to decide but the company had time constraints. It will do a rights offering next time around. (Khao Hoon, 11/07/16)
Comment: It’s no surprise that it failed because the RO has just done at 35, which investor would accept a PP @ 40?
 
BTS
BTS expects to sign the contract to operate MRT Green Line extension (North-South) by Dec 2016. It targets passenger growth of 5-6%. It expects operate the MRT Pink, Yellow, and Orange lines. It says its property business is still good, with backlog reaching Bt10.642bn. It expects this to contribute revenue till 2019. (Thun Hoon, 11/07/16)
FVC
FVC is studying investing in a new business. It expects 2H16 earnings to be good aided by Bt200mn from its medical business. It expects 2016 revenue to reach its target of Bt400-500mn. It expects net profit to be back to black this year. (Thun Hoon, 11/07/16)
IFEC
IFEC expects Dhara Dhevi to exit from rehabilitation at the end of August. It expects to book extra gain from debt restructuring in 2Q16. It expects to sell land and residences. It expects to complete the purchase of solar and wind power plants in 3Q16. It targets operations of 100MW this year. (Khao Hoon, 11/07/16)

Continue reading Stocks in the news (banpu, bjc, bts, fvc, ifec, ivl, ktis, mc, mjd, preb, pt, tfg, thani, uniq, vte) 11.07.16

Stocks in the news (advanc, ajd, amatav, bcp, ccp, delta, ea, ecf, ktc, ktis, malee, wha) 19.05.16

ADVANC
ADVANC will bid for 900MHz. It is ready to pay the guarantee of Bt3.78bn after getting backing from BBL and KBANK. The bidding will be on May 27 and first payment expected in June 2016. (Thun Hoon, 19/5/16)
Comment: Should be a non-event, my eyes are just turning towards 2Q #’s to see how competitive the fight for subscribers has been.
 
AJD
AJD reported 1Q16 net profit of Bt79.04mn, up 669.08% YoY, supported by more revenue from on-line top-up machines, set-top boxes and continued growth in its electricity ventures. It expects to sell 50,000 on-line top-up machines to support revenue growth 10-15% in 2016. (Thun Hoon, 19/5/16)
AKR
AKR expects 2Q16 earnings to be good supported by a corporate transformer job and bidding for EGAT transformers of more than Bt6bn. It is confident that revenue will grow 50% in 2016. (Thun Hoon, 19/5/16)
AMATAV
AMATAV sets 2016 revenue target of Bt1.4bn. It is confident that It will have transfers of 156 rai. It is negotiating to sell land 60 rai in 2Q16. It plans to develop an area in Vietnam. (Kao Hoon, 19/5/16)

Continue reading Stocks in the news (advanc, ajd, amatav, bcp, ccp, delta, ea, ecf, ktc, ktis, malee, wha) 19.05.16

Stocks in the news (anan, atp, color, gunkul, inet, jas, jmt, ktis, ncl, phol, ptg, richy, sena, singer, tkn, tmill, vgi, xo) 18.03.16

ANAN
ANAN has achieved Bt3.6bn in presales from Aston Silom Condo (60% of total). It is interested in joining the “Baan Pracharat” project. It targets 2016 sales of Bt21bn. (Khao Hoon, 18/03/16)
Comment: According to management, they are going to report slower pre-sales than before because they’ll hold some inventory to make more $

ATP
ATP targets 2016 revenue of Bt310mn (15% growth). It is talking with four clients, with a decision expected by 2Q16. This will increase its clients to 30. It has put off its plan to acquire a hazardous waste handler. (Khao Hoon, 18/03/16)

COLOR
COLOR targets 2016 revenue to grow 7-8%, backed by numerous orders. It expects exports to comprise 20%, focusing on ASEAN, Australia, and Europe. (Khao Hoon, 18/03/16)

GUNKUL
GUNKUL reports its subsidiary that is engaged in the wind power business began operations at its wind power plants (Sub-Plu Wind farm1&2) on March 17. (Khao Hoon, 18/03/16)

INET
INET expects to benefit from government IT plans in 2Q16 including village internet, digital economy, 4G, and educational and corporate Internet. It expects to get cloud solutions and data center projects. It expects new clients to reach 700 companies. It expects 2016 revenue to be higher than Bt800mn. (Thun Hoon, 18/03/16)
Comment: The digital economy story has gone quiet for a while but companies such as INET, ILINK and even WHA are going ahead with building data centers.

Continue reading Stocks in the news (anan, atp, color, gunkul, inet, jas, jmt, ktis, ncl, phol, ptg, richy, sena, singer, tkn, tmill, vgi, xo) 18.03.16

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

Random thoughts – MSCI, BJC & BIGC, Analyst recommendations

MSCI
The latest changes from MSCI has been announced and for Thailand there is only 1 movement
MSCI GLOBAL STANDARD INDICES 

Additions:         None 
Deletions:         None 

MSCI GLOBAL SMALL CAP INDEXES 

Additions:         None 
Deletions:         KTIS
BIGC & BJC
So it looks like Charoen is going to use BJC to buy BIGC and with the latest announcement from BJC (link: http://bjc.listedcompany.com/newsroom/120220161319040999E.pdf) and this is the paragraph that caught my eyes my “To approve the Company to secure a loan from a financial institution for a short-term financial source (no longer than 12 months) in the acquisition of BIGC ordinary shares and the making of a tender offer for BIGC total shares, as well as the shares of its related businesses as referred to in 1 above in the maximum amount of not exceeding Baht 220,000 million.” How ON EARTH will they secure that amount of financing within the next 1.5 months and to use BJC to purchase a company that is 3-4x BJC’s size! Expect a lot of shenanigans, rumours, news to come out over the coming few weeks. Oh and you can see the immediate reaction to BJC’s stock price post the announcement…oh and don’t forget if they finalise the deal by the 31st March they’ll still have to pay USD 600 mn…well we’ve seen crazy things recently with JAS…
bigc bjc

Continue reading Random thoughts – MSCI, BJC & BIGC, Analyst recommendations

Stocks in the news (abc, asian, bts, epg, genco, hft ,kiat, ktis, lalin, lhbank, ori, polar, spali, spvi, svi, tmc, tks, world) 19.01.16

ABC
ABC has signed an MoU to rent a commercial building. It plans to use this area as an integrated services animal hospital. It plans to launch a Bt2.5bn condo on Sukhumvit 39. (Khao Hoon, 19/01/16)
Comment: Whenever I’m reading news about this company my head begins to cock to the side like a dog when it sees something confusing. IT to e-commerce to renewables to property to animal hospitals. YES! I can see the differentiating factor here so very clearly, they will launch an animal hospital (commercial) where pet’s owners can stay next door (residential), pay everything online via an ecommerce system (IT/ecommerce), where the neutering operations will be solar powered! Booyah!

ASIAN
ASIAN expects 2015 sales of Bt8bn with Bt60-200mn net profit after it has revised its business strategy. It is looking for a partner. (Khao Hoon, 19/01/16)

BTS
BTS is budgeting Bt140bn to support the operational management and investment in five MRT routes covering 114.4km. It expects this to be put up for bid by 1Q16. It estimates ridership of 1mn/day. (Thun Hoon, 19/01/16)
Comment: We do wonder aloud what will happen to the stock price when the dividend disappears…

EPG
EPG expects 3QFY16 earnings to grow 100% from 3QFY15’s Bt148.05mn thanks to the baht depreciation. It expects a net profit margin of 15% on lower oil prices. (Thun Hoon, 19/01/16)
Comment: Commence head banging against the wall, saw them at THB 9/share and could never really get my head around the company’s potential.

Continue reading Stocks in the news (abc, asian, bts, epg, genco, hft ,kiat, ktis, lalin, lhbank, ori, polar, spali, spvi, svi, tmc, tks, world) 19.01.16

Stocks in the news (ajd, bjchi, cho, ci, csl, dcc, demco, delta, jsp, ktis, loxley, mill, ori, oto, polar, pttgc, siam, sport, tk, uac, wice) 18.11.15

AJD
AJD reported 9M15 net profit of Bt25.64mn (+1,007%YoY) thanks to high sales of set-top boxes and electric appliances. It expects 4Q15 earnings to be good on seasonality and online topup machines. 2016 performance is expected to grow significantly. (Thun Hoon, 18/11/15)

BJCHI
BJCHI expects 4Q15 earnings to be highest. It expects to book Bt1.7bn revenue from Bt5.2mn backlog. It expects 2015 revenue to grow 15% to Bt5.3bn. It plans to take part in Bt40bn bidding and expects to be awarded Bt6.5bn. (Khao Hoon, 18/11/15)
Comment: And this growth despite the 50% decrease in oil prices

CHO
CHO reported a drop in 3Q15 earnings of Bt32mn but it expects to recover in 4Q15. Its backlog is Bt600mn of which 50% is expected to be booked in 4Q15. (Khao Hoon, 18/11/15)
Comment: Expect to see an interview on this company soon.

CI
CI plans to take over hotels at home and overseas; it expects this to be finalized next year. It plans to launch three new projects, valued at Bt5bn, which will raise its backlog to Bt3bn. 4Q15 net profit is expected to be a record high from seasonality and transfers that were spurred by property incentives. (Thun Hoon, 18/11/15)
Comment: First they cleaned their balance sheet, then a share buyback and now M&A deals, not a bad move by this family.

CSL
CSL expects to show a net profit this year after achieving Bt248mn in net profit for first nine months. It expects 2015 revenue to grow 1-3%, close to last year’s, affected by a poor performance by its yellow pages and mobile contents businesses. It expects to maintain margin and will implement cost control next year. (Khao Hoon, 18/11/15)

Continue reading Stocks in the news (ajd, bjchi, cho, ci, csl, dcc, demco, delta, jsp, ktis, loxley, mill, ori, oto, polar, pttgc, siam, sport, tk, uac, wice) 18.11.15