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 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 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 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)
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 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 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 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.
AQ reported 1Q15 earnings of Bt37.3mn (+378% YoY) from 1Q14’s Bt7.8mn. Management says performance will turn around this year. It will launch nine projects: single house, townhouse, and condominiums, with total value of over Bt8bn. It expects sales of Bt2.5bn. (Thun Hoon, 19/05/15)
Comment: AQ’s stock price has already valued in all of its potential earnings and revenues.
BSM to introduce new product expected to add 20% to revenue. It expects its business to continue to grow in the second half of the year. 3Q15 earnings may hit a record high due to government projects. BSM plans to expand its international market to 25%. (Thun Hoon, 19/05/15)
1Q15 earnings surged 40% with revenue growing 20%, benefitting from increasing international sales and decreasing interest expense. 2Q15 earnings are expect to also rise. It plans to invest Bt600mn to increase capacity and DC. (Thun Hoon, 19/05/15)
Comment: It’s been on a cost cutting basis that CBG has been able to grow this strongly.
CPF announced 1Q15 profit of Bt2.96bn (44% growth). It plans to increase investment in Cambodia after its shareholders approved a raise in stake from 25% to 100%. The deal is expected to finalize in 2Q15. (Khao Hoon, 19/05/15)
Comment: Quite interesting to see that THB 2 bn of profits came from trading CPALL and TRUE and another THB 1 bn came from sales of land, thus in reality they lost THB 1 bn
Board approves capital increase of 3.16bn shares to be offered at rights of 5 old shares to 2 new shares for Bt1/share plus AIRA-W1 and AIRA-W2. 1Q15 earnings showed a profit of Bt13mn compared to 1Q14 loss of Bt31mn. (Thun Hoon, 18/05/15)
AOT reported 2Q15 net profit of Bt4.8bn (+32.36% YoY) benefitting from political calm that has brought tourists back. (Khao Hoon, 18/05/15)
Comment: AOT’s #’s still continue to outperform most people’s expectations, this country is just incredibly blessed by its ability to bring in tourists plus the fact that Chinese tourists are visiting Thailand more and more only help.
Interest shown in JV; deal expected to be finalized soon. ASIMAR will spend Bt1bn to raise capacity to handle jobs in Myanmar and for the Port Authority of Thailand. (Thun Hoon, 18/05/15)
1Q15 earnings grew 60% to Bt6.8bn and revenue rose 7% to Bt134mn. BSM targets revenue growth of 20% in this year and plans to increase market share abroad. (Khao Hoon, 18/05/15)
Comment: Quite the typo from the news outlets, earnings was 6.8 mn not bn, I’ve always thought highly of management here but not of its valuations, nuts!