ASIMAR says it is looking for a partner. It targets 2015 revenue of 15-20% as it expects to get two more jobs in 3Q15-4Q15. It expects to book revenue from two Cambodian ships. It plans to focus on ship maintenance jobs to increase margin from 10-30% to 50%. (Thun Hoon, 24/08/15)
Comment: ASIMAR has been looking for a partner for…years now.
Management is considering investing in an aircraft maintenance depot offering area for
rent at Suvarnabhumi airport with a budget of Bt500-1000mn. It expects this to be finalized in 2015. (Post Today, 24/08/15)
Comment: Again the only value in BA, other than its monopoly in Samui is it’s holdings in BDMS, similar to CPF and CPALL
CCP is confident 2H15 net profit will be higher than 1H15. Its backlog is Bt2.3bn, of which it expects to book 60-70% this year. It is talking with a prospective partner to export to Myanmar and Laos, expecting this to be finalized in 4Q15. (Khao Hoon, 24/08/15)
CI expects to revise up 2015 revenue growth to 20% from 2014’s Bt1.69bn aided by transfers. It plans to launch three projects with a total value of Bt3bn, which it expects will raise backlog from Bt5bn. It plans to set up a Bt1.5bn REIT in 2016. (Thun Hoon, 24/08/15)
ADVANC says 2Q15 profit is expected to grow to Bt9.1bn (+7%), with 1H15 growth of 6% to Bt19bn. It expects to pay interim dividend of Bt6.54/share, higher than last year’s Bt6.04/ share. (Khao Hoon, 25/06/15)
Comment: Analysts have now begun downgrading ADVANC’s potential profit growth for this year and next, but its still a good dividend payer
AMATA is confident there is no impact from the drought. It says both its industrial estates have good water management. (Khao Hoon, 25/06/15)
MOT tells EXAT to study the merger between BECL and BMCL to ascertain if it would be against the concession. This will be considered at the board meeting on July 14. (Khao Hoon, 25/06/15)
Comment: We doubt that there would be any negative impact here.
FSMART signed a contract with BEAUTY to invest in E-Commerce. It plans to set up 1,000 coin-operated scales and expects each one to contribute Bt500 per month. (Thun Hoon, 25/06/15)
Comment: Well, depends a lot on the revenue-sharing here.
AJD announces capital increase for 13 investors at price of Bt0.1/share. The SET has requested greater details by 28 November as the company’s selling price is 97.48% below the average price and below book value, which will create 50% dilution for existing shareholders. (Kao Hoon, 26/11/14)
Comment: Well any surprise? If only we could short these things.
APCO maintains expected revenue growth of at least 60% YoY in 2014 as it adds marketing channels such as call centers and cable TV to support revenue growth. Its revenue was Bt333mn, +35% YoY, in 9M14. (Kao Hoon, 26/11/14)
FSMART expects net profit of 30% in 2015 on growing demand for mobile top ups. The company expects revenue of Bt1.55bn in 2015 from the expected Bt1bn in 2014. It continues to add new top-up vending machines and is cooperating with Plan-B media to increase revenue from ads. (Kao Hoon, 26/11/14)
Comment: I still absolutely love this business model created by FORTH
Backlog over Bt3.7bn. It is confident that 2014 revenue will meet target of Bt6.2bn. It aims to bid for new projects worth Bt7.6bn. It reported 1Q14 net profit of Bt199.17mn, +34.84% YoY after completing more projects. (Khao Hoon, 12/05/14)
Comment: But on an EPS basis growth is half what was reported due to the cap increase last year.
DTAC launches 4G LTE 2.1GHz service with coverage initially limited to Bangkok. It expects 4G subscribers of 1mn and Trinet subscribers of 22mn in 2014. It aims to bid for the 1800 and 900 MHz spectrum. (Khao Hoon, 12/05/14)
LANNA confident in Bt572.29mn 2014 net profit because it has good control over expenses and book extra income from sale of TAE of Bt190mn. TAE’s IPO price is Bt2/share. It will trade on 5 June. It is confident in revenue growth of 30% YoY per year. (Khao Hoon, 12/05/14)
Comment: The question for Lanna (and BANPU) is when will coal prices begin rising?
Credit card growth of 15% achievable — BAY expects revenues from credit cards for 2013 to reach its growth target of 15% as consumer spending picks up in 4Q13. Management expects growth for credit cards to double that of GDP growth in 2014. (Tun Hoon, 31/10/13)
9M13 profit of Bt5.63bn, up 45% YoY — GLOW reported 9M13 net profit of Bt5.63bn, a 45% increase YoY, driven by revenues from sales and services that grew by 25% following the higher supply of electricity. (Khao Hoon, 31/10/13)
Comment: Fantastic utility holding
Subsidiary to list in 2014 — LANNA will book gains from the IPO of its subsidiary, Thai Agro Energy, which will start trading in the stock market early in 2014. The company targets coal sales to reach 6.5mn tons for the year. (Khao Hoon, 31/10/13)
Comment: This requires some looking in to. Retail punters love a story like this. Continue reading Stocks in the news (bay, glow, lanna, scc, ticon, vgi) 31.10.13
Best CEO Award
– SET: Somprasong Boonyachai, chief executive officer, Shin Corporation
– MAI: Noppadon Tansalarak, chief executive officer, Master Ad
SET Award of Honour
For Continuous Excellence in 2008-2012
– Corporate Governance Report: Bangchak Petroleum, Kasikornbank
– Corporate Social Responsibility: Bangchak Petroleum, Siam Cement
For Continuous Excellence in 2009-2012
– Corporate Governance Report: Krung Thai Bank, Somboon Advance Technology, Se-Education
For Continuous Excellence in 2010-2012
– Corporate Governance Report: Kiatnakin Bank, Siam Commercial Bank
– Investor Relations: Kasikornbank
– Securities company: Credit Suisse Securities (Thailand)
Need ideas for investments? Look no further than these names here, I’ve looked at MACO and QLT in the past and found them to both be well run companies but for liquidity reasons neither were investable unfortunately. SST well…leveraging up ones balance sheet to buy Au Bon Pain and Dunkin Donuts…not sure. As for WORK, well stock price has been riding this satellite industry trend and LANNA and UPOIC are both commodity plays. But regardless, great to see these smaller names make the Forbes list!
Four of the six firms are on the mainboard, consisting of Lanna Resources pcl (LANNA), Sub Sri Thai pcl (SST), United Palm Oil Industry pcl (UPOIC), and Workpoint Entertainment pcl (WORK), with the other two companies, Master Ad pcl (MACO) and Qualitech pcl (QLT), being listed on the Market for Alternative Investment (mai), Chanitr Charnchainarong, SET Executive Vice President and mai President, said
Disclaimer: Make up your own minds and do your own research, please read the disclosure on the website for the legal babble. Thank you!