Tag Archives: ldc

Stocks in the news (arrow, big, epg, gl, hpt, lalin, ldc, ndr, nncl, ori, qtc, rs, sappe, scc, scn, susco, synex, work, xo) 30.08.16

ARROW
ARROW expects 3Q16 earnings to grow supported by large orders, especially Suvarnabhumi phase 2 project from ILINK and ITD. It expects to get work on the MRT Green Line, with finalization by the end of this year. It expects 2016 revenue to reach Bt1.4bn. ( Khao Hoon, 30/08/16)
Comment: Perhaps we should just close our eyes and buy this given its continuous performance
 
BIG
BIG is budgeting Bt10mn to hold the 10th Big Camera Big Pro days. It expects this to push its 3Q16 revenue up above Bt5bn and expects net profit to mark a record high. (Thun Hoon, 30/08/16)
EPG
EPG expects 2QFY16 to be good brought by numerous orders. It expects FY2016 revenue to reach Bt11bn. It expects to complete 1-2 M&A transactions by the end of this year. It plans to hold a roadshow abroad to attract foreign investors. (Khao Hoon, 30/08/16)
Comment: And they continue to grow!
 
GL
GL partners with True Money. GL is forecasting a major boost to its already flourishing business in Cambodia through a new partnership with True Money, a mobile-payment subsidiary of True Corp in Thailand, that will significantly increase the sales of GL’s financial services via True Money’s extensive network of about 5,000 agents spread out nationwide in Cambodia. (Newscenter Local Press Release, 29/08/16)
Comment: That’s a clever move by both parties. GL still has its monopoly in Cambodia for motorcycle leasing for another 3-4 years and barring a crash in that economy they’ll continue to dominate, the question is only how much are you willing to pay for this

Continue reading Stocks in the news (arrow, big, epg, gl, hpt, lalin, ldc, ndr, nncl, ori, qtc, rs, sappe, scc, scn, susco, synex, work, xo) 30.08.16

Stocks in the news (advanc, akr, dcorp, gold, ifec, jas, ldc, oishi, sc, smt, spali, spcg, sprc, tsr) 08.03.16

ADVANC
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
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
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
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!

Continue reading Stocks in the news (advanc, akr, dcorp, gold, ifec, jas, ldc, oishi, sc, smt, spali, spcg, sprc, tsr) 08.03.16

Stocks in the news (chg, dtac, ecf, ifec, irpc, kbank, ldc, ptg, ptt, pttep, scn, seaoil, sena, tisco, tpoly, trc, uac) 18.09.15

CHG
CHG expects 3Q15 earnings to mark a record high on the back of seasonality. It expects 2015 revenue growth to achieve its target of 15%. (Thun Hoon, 18/09/15)
Comment: Still don’t quite understand why this specific stock has suddenly re-rated. BH is trading @ 50x, this one at 42x trailing pe, it does just boggle the mind
DTAC
DTAC plans to launch 4G wireless broadband service on 10 MHz of its 1,800MHz frequency soon, pending formal approval from relevant state agencies to utilize the band to provide the 4G service. (The Nation, 18/09/15)
ECF
ECF expects 2015 net profit to be better than 2014’s Bt69.88mn aided by high demand, the baht weakening, and lower materials cost. It expects net margin of 6.5%-7%. It is considering expanding capacity for new orders. (Khao Hoon, 18/09/15)
IFEC
IFEC expects 2015 revenue of Bt10bn with Bt300-400mn net profit. It targets capacity of 60- 100MW this year by expanding to Laos and Korea. It targets total capacity of 100MW in 2018. (Khao Hoon, 18/09/15)
Comment: Right…with THB 400 mn of revenue in the 1H15. 

Continue reading Stocks in the news (chg, dtac, ecf, ifec, irpc, kbank, ldc, ptg, ptt, pttep, scn, seaoil, sena, tisco, tpoly, trc, uac) 18.09.15

Stocks in the news (auct, bjchi, ccp, cig, cwt, eastw, epg, irpc, ldc, qtc, rich, samoc, scc, spali, sricha, susco, tks, tmt, tpoly, true, ttw) 16.07.15

AUCT
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

BJCHI
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
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
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)

Continue reading Stocks in the news (auct, bjchi, ccp, cig, cwt, eastw, epg, irpc, ldc, qtc, rich, samoc, scc, spali, sricha, susco, tks, tmt, tpoly, true, ttw) 16.07.15

Stocks in the news (abc, bcp, beauty, bla, cho, ck, css, epco, irpc, ldc, mpg, pca, psl, pttgc, rcl, siri, star, thcom, trubb, tsr, wiik) 26.05.15

ABC
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
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)

BEAUTY
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!

BLA
Management expects 2Q15 earnings of Bt16bn, third in the insurance business. (Khao Hoon, 26/05/15)

Continue reading Stocks in the news (abc, bcp, beauty, bla, cho, ck, css, epco, irpc, ldc, mpg, pca, psl, pttgc, rcl, siri, star, thcom, trubb, tsr, wiik) 26.05.15

Stocks in the news (apco, iec, ivl, jsp, ldc, plat, spcg, takuni, tisco, uniq) 25.03.15

APCO
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)

IEC
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
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

Continue reading Stocks in the news (apco, iec, ivl, jsp, ldc, plat, spcg, takuni, tisco, uniq) 25.03.15

Stocks in the news for the week

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
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
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)

BAY
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.

Continue reading Stocks in the news for the week

Stocks in the news (drt, dtac, ea, ichi, kc, ldc, match, oishi, ptt, rcl, richy, rs, samco, tsr) 13.01.15

DRT
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
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
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.

Continue reading Stocks in the news (drt, dtac, ea, ichi, kc, ldc, match, oishi, ptt, rcl, richy, rs, samco, tsr) 13.01.15

Stocks in the news (ai, aot, bcp, ccp, smart, chg, cpn, eforl, gunkul, ifs, ircp, jsp, kmc, ldc, ml, ptt, sport, spali) 20.11.14

AI
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.

AOT
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
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)

Continue reading Stocks in the news (ai, aot, bcp, ccp, smart, chg, cpn, eforl, gunkul, ifs, ircp, jsp, kmc, ldc, ml, ptt, sport, spali) 20.11.14

Thailand’s IPO Frenzy

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…

IPO FrenzhSource: Bangkok Post