ADVANC has budgeted Bt7bn to expand to fixed broadband and plans to be a big player within 3-5 years. It expects 2016 revenue to be close to 2015’s Bt156bn with EBITDA growth of 37- 38%. It guarantees a dividend of 100% of net profit. (Thun Hoon, 08/03/16)
Comment: 1) I think the news meant EBITDA margin 2) This is lower, as expected, versus last year ~40% 3) Now the only issues that remain are in regards a) How much revenue will be lost from those subscribers that haven’t crossed over b) How will the agreement look w/ TOT
AKR expects the government to conclude solar farm projects on March 11. It plans to invest in 40MW in renewable energy. The company will invest in 20MW and EPC in 20MW. It targets revenue growth of 50% to Bt3.2mn, backed by bids for transformer work to add to its backlog. (Thun Hoon, 08/03/16)
DCORP is confident it will have a profit this year, supported by the startup of a 300 MW solar cell factory in 2H16. It expects shareholders to approve the investment in YINGLI. (Kao Hoon, 08/03/16)
GOLD is confident that profit in 2016 will higher than last year. It targets revenue of Bt9.8mn and will book profit from sale of assets to a REIT of over Bt130mn each year. It expects to open 15 new projects worth more than Bt16.4bn. (Kao Hoon, 08/03/16)
Comment: Well of course with the sale to REIT!
AUCT expects 2Q15 earnings of Bt42mn, 12-13% revenue growth and 2.59% dividend yield. (Khao Hoon, 16/07/15)
Comment: Despite it’s great growth, it looks like the retail investors are beginning to realise that the share price has been quite overvalued
Foreign investors are interested in BJCHI shares after it held a roadshow in Hong Kong, Singapore and Japan. It expects 15% revenue growth this year backed by revenue recognition in 2H15 and a higher client base. (Thun Hoon, 16/07/15)
CCP expects to increase product line at the end of this year. It plans to invest Bt70-80mn. It expects to gain from government investment. (Thun Hoon, 16/07/15)
Comment: Definitely one of the potential winners in the infrastructure spending
CIG plans to increase exports to 70-80% and expects to show a net profit in 2H15. Its backlog is Bt400mn, expected to be booked this year. It will conduct a roadshow to increase its market. (Thun Hoon, 16/07/15)
ABC expects to report net profit in 3Q15 after a loss of Bt32mn, with revenue of Bt3bn. It plans to expand to E-commerce by launching an application with a credit card point redemption campaign. (Khao Hoon, 26/05/15)
Comment: I still have extreme doubts on ABC’s business, perhaps they’ll allow us to redeem credit card points to purchase the property projects they are also planning on doing?
BCP expects to book inventory gain in 2Q15 with 2015 EBITDA of Bt10.4bn. The company has scheduled a meeting with shareholders about selecting board members from the Vayupak Fund and SSO. (Khao Hoon, 26/05/15)
2Q15 earnings to be better than 1Q14’s Bt308mn backed by increasing orders that will raise revenue to Bt1.7bn. Management says the company plans to expand into Indonesia. (Thun Hoon, 26/05/15)
Comment: Indonesia…not the easiest market in the world for beauty products. But retail punters love to hear this!
Management expects 2Q15 earnings of Bt16bn, third in the insurance business. (Khao Hoon, 26/05/15)
APCO will expand marketing channel via APCO Digital Marketing, starting in April. The firm also expects Bt1.6bn in revenue with profit growing six-fold in 2015. The firm expects to move to the main board in 2016. (Kao Hoon, 25/03/15)
PPA needs to be completed before IEC will invest in a bio power plant with the capacity of 6MW. (Kao Hoon, 25/03/15)
IVL expects strong earnings in 2015 underpinned by the recent acquisition in two PET-PTA companies. The firm also indicated that the demand has recovered well in 1Q15, resulting in rising utilization rate. (Kao Hoon, 25/03/15)
Comment: They still aim to double EBITDA in the next five years
Note: Scroll down to see commentary for the past 3 days.
Stocks in the news (amata, arrow, bay, bkd, cbg, ecl, kbs, ldc, pf, ptg, ptt, spali, super, tcap, thai, ttcl, wha) 27.01.15
AMATA plans to invest in industrial estate in Myanmar, in addition to its existing investment in Vietnam to prepare for the inception of AEC. The company will also increase investment in an information technology system to add more value to its IE. The investment plan should be ready soon. (Krungthep Turakit, 27/01/15)
Comment: It’s a natural development for AMATA to have look at Myanmar however I can also say that I’m planning to expand to investments in Myanmar and raise $ even though its still years away.
ARROW expects revenue growth of 20% and margin of 23-25% this year. The company plans to use capex of ~Bt30mn to build a new plant to serve more pipe conduit orders. (Post Today, 27/01/15)
No ‘trading alert’ — Despite a sharp 118% rally in the stock price since the beginning of this year, the SET says it does not meet the criteria for a “Trading Alert” sign, because the volatile share price movement was due to low liquidity. BAY denies the news about de-listing. (Krungthep Turakit, 27/01/15)
Comment: Everyone regrets not having these shares, I do wonder if local institutions (i.e. mutual funds) have benefited given that it traditionally isn’t among the top holdings.
DRT expects sales this year to be better supported by the recovery in the construction material and real estate markets as the government continues to inject investment to help stimulate the economy. The company plans to launch new products and expand in markets at home and aboard. (Kao Hoon, 13/01/15)
Comment: We do wonder aloud when DRT’s numbers will improve, market share wise they are still dominant thus any recovery in their earnings would demonstrate growth again upcountry
DTAC opens new service center located in the basement floor of the Big C V Square Plaza, the commercial heart of Nakorn Sawan. The new service center is expected to help meet the needs of customers located in the lower north provincial region. (Kao Hoon, 13/01/15)
EA expects 2015 earnings to double 2014’s expected profit of Bt1.6bn supported by its 90MW power plant project located in Lampang, which should start selling electricity by the end of this month. It will also invest Bt18bn to develop a new power plant in Pitsanulok and one in the southern region with a total capacity of 126MW. (Thun Hoon, 13/01/15)
Comment: There’s no surprise on what is happening with EA’s earnings, they have everything laid out for the next 3-4 years. The problem is that the stock price is already full valuing everything.
Management expects revenue of Bt9bn in 2015 from Bt5bn in 2014 and will invest Bt200mn to increase palm oil production capacity and set up solar power plant with 2.6MW capacity supporting sharp revenue and earnings growth. (Thun Hoon, 20/11/14)
Comment: Another firm that will have a small solar power plant – 2.6 MW means nothing in terms of this company’s bottom line.
Japan, China to finance AoT project — The Japan International Cooperation Agency and a Chinese bank have offered loans for the Phase 2 expansion of Suvarnabhumi airport, Transport Minister Prajin Juntong said yesterday. Funding for the Bt66bn project is expected to come from the Airports of Thailand (AoT) budget and domestic and foreign financial institutions, he said. (Bangkok Post, 20/11/14)
BCP expects oil stock loss in 4Q14 due to declining oil price. The company maintains EBITDA target at Bt10bn and plans to use subsidiary NIDO to find 1-2 new oil wells. It plans to invest in a solar power plant with 100MW capacity. (Kao Hoon, 20/11/14)
Comment: Every oil-related firm had a horrible 3Q14 and 4Q14 b/c of the decline in oil prices – but BCP will still go on to have a great 2015 (should there be no huge fluctuations in oil prices)
Want to feel like a rock star investor? Get into the small IPO’s. Anyone who was able to get IPO’s this year has been feeling that way, excluding IPO’s where commercial bank’s were the underwriters (here’s looking at you KBANK and SCB). The basic framework for IPO’s performing well on their first day hasn’t changed, if the market cap, free float are small enough, first day returns were and are likely to continue to be amazing given the market environment.
On the flip side, is this really a good thing? Shouldn’t IPO prices remain somewhat constant on their first day? If we’re seeing such high positive first day movements then the investment bankers aren’t doing their jobs properly on behalf of their clients (the listing companies) and are mispricing everything thereby missing a lot of potential capital..meh as if people care…
Source: Bangkok Post