Tag Archives: l&e

Stocks in the news (banpu, brr, cm, dcorp, gunkul, jmart, l&e, nwr, perm, pstc, scn, tnp, tog, tsr, ttcl) 12.09.16

BANPU
BANPU expects 3Q16 net profit to be better than 2Q16’s Bt281mn thanks to higher coal price. It plans to invest in solar rooftop by negotiating with IEs, department stores and residences. (Thun Hoon, 12/09/16)
BRR
BRR’s board approved setting up an infrastructure fund for the power business of its two subsidiaries (Buriram Sugar and Buriram Power) with capacity of 19.8MW. It expects to use the funds to invest in new plants in Buriram and Surin. (Khao Hoon, 12/09/16)
Comment: Well that is an interesting development for a company firm. I’m not sure if 20 MW is enough for an infrastructure fund though…
 
CM
CM expects to complete a deal to set up a subsidiary in Myanmar by the end of this year. It plans to invest Bt700mn in a processing plant. It plans to expand to abroad. It expects 2016 revenue to be good on the back of the baht depreciation. (Thun Hoon, 12/09/16)
DCORP
DCORP expects to sign an MoU with a Chinese partner this week to invest in a mega project. It plans to invest in a 320MW solar farm in the Philippines. It expects net profit this year. It will also book revenue from a new service (energy saving management for private companies). It expects 2017 performance to be good on the back of the power business. (Thun Hoon, 12/09/16)
Comment: We’ve been reading a lot about these solar farm’s in the Philippines, last we checked the grid there is far worse than Thailand so we have our doubts on several of these projects going through.
 
GUNKUL
GUNKUL plans to take over 40-70MW Japanese solar farms. It also plans to submit bidding documents for a 20MW solar farm in Malaysia. It expects this to increase its total capacity to 420MW at the end of 2015. It expects its capacity to reach 1000MW within 2021. It expects 2016 revenue to grow 30% as targeted. (Thun Hoon, 12/09/16)
JMART
JMART expects 4Q16 sales to surge brought by launching iPhone7. It expects 2016 revenue to grow 30% as targeted. It expects to change to a holding company within 2017 after it reaches Bt10bn in assets. (Thun Hoon, 12/09/16)
Comment: We are more curious about their other businesses which are the key drivers versus just the phone sales. Plus when you’re up against someone like Com7 that is sweet with True or SPVI that is sweet with AIS, how can JMART continue to compete?

Continue reading Stocks in the news (banpu, brr, cm, dcorp, gunkul, jmart, l&e, nwr, perm, pstc, scn, tnp, tog, tsr, ttcl) 12.09.16

Stocks in the news (anan, banpu, bcp, bjchi, bwg, epco, forth, fpi, gunkul, ircp, k, l&e, maco, ndr, nok, rs, samart, sawad, tcj, tfd, tkn, tmi, trc, tvt, ubis, wha) 26.02.16

ANAN
ANAN targets 2016 revenue to reach Bt11bn backed by Bt37.2bn backlog. It plans to launch 12 projects, valued at Bt22bn. (Thun Hoon, 26/02/16)
Comment: Seems to be rather conservative estimates coming out from the management team given their backlog, lets see how things unfold during the year

BANPU
BANPU expects net profit to return to the black this year aided by US$70mn extra gain on Hongsa power plant and its coal capacity of 46.1mt/year. It plans to acquire a coal mine in Indonesia. It plans to issue a Bt10bn debenture. (Khao Hoon, 26/02/16)
Comment: Well and there’s a supposed listing of BANPU power..

BCP
BCP is budgeting Bt20bn for add 60 gas stations. It plans to list a subsidiary in 4Q16. (Thun Hoon, 26/02/16)

BJCHI
BJCHI reported its highest net profit at Bt1.32bn in 2015 supported by continuous construction of FPSO’s P75&77 projects. It targets 2016 revenue to grow not less than 15% thanks to Bt3.7bn backlog. It expects to be awarded new projects in April. (Thun Hoon, 26/02/16)
Comment: Impressive results given the huge drop in oil prices

Continue reading Stocks in the news (anan, banpu, bcp, bjchi, bwg, epco, forth, fpi, gunkul, ircp, k, l&e, maco, ndr, nok, rs, samart, sawad, tcj, tfd, tkn, tmi, trc, tvt, ubis, wha) 26.02.16

Stocks in the news (AJD, AOT, APCS, DRT, EPG, KC, L&E, MCS, NWR, PYLON, STEC, SUPER, SYNEX, TRT, UREKA, WICE) 19.11.15

AJD
AJD reported 9M15 net profit of Bt25.64mn (+1,007%). It expects continued growth in 4Q15. (Khao Hoon, 19/11/15)
Comment: While he may wear the funkiest sunglasses in all of his advertisements, the company hasn’t proven itself in terms of a consistent financial performance

AOT
AOT expects FY2016 earnings to be good on opening Terminal 2 at Don Muang. This will increase passengers by 20% and revenue by Bt1.2bn. It expects APPS (Advance Passenger Processing System), to start up on Dec 1, to increase its revenue. (Khao Hoon, 19/11/15)
Comment: Without a doubt still one of the biggest winners in this country. Don Muang’s numbers should still continue to grow and grow and grow.

APCS
APCS expects 2015 performance to turn around after implementing cost control, adding o its customer base and launching new products. 9M15 revenue was Bt637.13mn with Bt5.22mn in net profit. (Thun Hoon, 19/11/15)

DRT
DRT plans to expand to Myanmar which it expects will increase its revenue growth. It plans to talk to a prospective partner in December. It targets 2016 revenue growth of 5%. 9M15 net profit was Bt272mn. It expects 2015 revenue to be close to last year’s Bt4.25bn. (Thun Hoon, 19/11/15)
Comment: A nice story but a small impact, if one were an active investor they should take over management and drive this business properly

EPG
EPG expects FY2016 to grow 25-30% with net profit doubling from FY2015 after 1HFY16 net profit already surpassed FY2015’s. It targets revenue growth of 20% for next two years. It expects EPG stock to be included in SET100 after it has resolved the free float snag. (Khao Hoon, 19/11/15)
Comment: And that explains the stock price performance this past month, I’ve personally had difficulties wondering how to value this business as its a bit of a black box, what is the true value of a patent?

Continue reading Stocks in the news (AJD, AOT, APCS, DRT, EPG, KC, L&E, MCS, NWR, PYLON, STEC, SUPER, SYNEX, TRT, UREKA, WICE) 19.11.15

Stocks in the news (ajd, bsm, cen, emc, dtac, hyrdo, jmt, l&e, mc, nyt, ppp, ptt, s, samart, sorkon, super, the, work) 21.07.15

AJD
Japanese investors are interested in AJD shares, talking with FA to do a takeover.Management is confident 2015 earnings will double, backed by increasing set-top box sales and booking revenue from two subsidiaries. (Thun Hoon, 21/07/15)

BSM
BSM expects to list subsidiary within two years. It is talking to a prospective partner to broaden its customer base. A JV with KCM is expected to be finalized in 3Q15. It targets 2015 revenue to grow 20% backed by a good performance in 2H15. (Thun Hoon, 21/07/15)

CEN
CEN plans to acquire DIMET shares through UWC, its subsidiary, by doing a tender offer priced at Bt3.6 per share. It expects this deal to increase customer base and revenue. (Thun Hoon, 21/07/15)
Comment: This acquisition is going through a few levels, I don’t quite see the value in CEN using UWC to buy DIMET which hasn’t performed well as a company for years.

EMC
EMC expects to sign contract for a Bt2bn BTS station project in 2H15. 2Q15 performance is expected to be positive from 1Q15 losses of Bt23.81mn aided by huge orders and property business. Management guarantees a turnaround performance this year. (Thun Hoon, 21/07/15)

Continue reading Stocks in the news (ajd, bsm, cen, emc, dtac, hyrdo, jmt, l&e, mc, nyt, ppp, ptt, s, samart, sorkon, super, the, work) 21.07.15

Stocks in the news (aot, beauty, bliss, bmcl, ccn, chow, cpf, gpsc, l&e, npark, ps, ram, wha) 22.04.15

AOT
New prez takes the reins – Mr. Nitinai Sirismatthakarn yesterday officially assumed the leadership of the SET-listed Airports of Thailand Plc (AOT). (Khao Hoon, 21/04/15)
Comment: Well let us hope that he can reign in the corruption that has plagued AOT over the past few years (or decades)

BEAUTY
Investment fund interested – BEAUTY says a global investment fund is interested in investing in it in view of the company’s positive prospects for the longer term. (Than Hoon, 21/04/15)
Comment: Great news reporting eh? Will the next headline be “Funds see the beauty in BEAUTY”

BLISS
Penalty levied – The SEC has levied a penalty on BLISS’ former management after it found that BLISS distorted its financial statement. (Khao Hoon, 21/04/15)
Comment: Explains why the company has been Suspended from trading.

BMCL
BMCL reported passenger growth in 1Q15 of 2% YoY. It expects revenue growth of 8% this year. The merger between BMCL and BECL is expected to finish in 3Q15. The company is waiting for cabinet approval of the Blue Line. (Khao Hoon, 21/04/15)
Comment: All retail investors care about at the moment is the merger.

Continue reading Stocks in the news (aot, beauty, bliss, bmcl, ccn, chow, cpf, gpsc, l&e, npark, ps, ram, wha) 22.04.15

Stocks in the news (aav, amata, cgd, css, fsmart, gfpt, gunkul, ircp, ivl, jas, jmart, kcm, l&e, mpg, phol, sccc, scn, smpc, snc, spcg, susco, thai, thani, utp) 24.02.15

AAV
AAV expects strong recovery this year and targets 14.5mn passengers and double-digit revenue growth. The company said 1Q15 cabin factor will be strong at more than 84%, driven by the influx of Chinese tourists. (Kao Hoon, 24/02/15)
New CFO — AAV has informed SET that the Nomination and Remuneration Committee has approved the appointment of Mrs. Pattra Boosarawongse as Chief Financial Officer and Director of the company, replacing Mr. Pornanan Gerdprasert, effective February 23, 2015. (SET, 24/02/15)

AMATA
AMATA says investors still interested in investment in Thailand especially Chinese and Japanese, despite the BoI’s changes in privileges. It believes a clear picture will be seen in the next 1-2 quarters. It has set a land sales target of at least 1,000 rai this year and currently has backlog of Bt2bn, of which 90% will be realized as revenue this year. It has budgeted capex at Bt4.5bn, with 85% of that for land acquisition. It expects to list its REIT on the SET by May. Amata VN will conduct a roadshow by July and trade on the SET by yearend. (Krungthep Turakij, 24/2/15)
Comment: The only thing to think about for AMATA this year is it’s IPO of Amata VN and a potential REIT.

CGD
CGD expects to turn around to a net profit this year backed by large backlog. It will sell Bt1.3bn in assets to a REIT in 1Q15. It also plans to invest in a riverside hotel worth Bt19bn with completion by 2018. (Thun Hoon, 24/2/15)
Comment: That is the only thing driving CGD at the moment, forget the rest.

Continue reading Stocks in the news (aav, amata, cgd, css, fsmart, gfpt, gunkul, ircp, ivl, jas, jmart, kcm, l&e, mpg, phol, sccc, scn, smpc, snc, spcg, susco, thai, thani, utp) 24.02.15

Stocks in the news (amata, anan, bsm, chow, gold, gunkul, L&E, nusa, nwr, rml, spgc, svi) 22.10.14

AMATA
AMATA signs contracts with Chinese and Japanese customers to sell a total of 200 rai of land. It expects to sign more contracts for 500 rai in 4Q14. Although it admits that revenues for the year will be lower than last year’s Bt7.605bn, it says land sales this year will reach its target of 1,000 rai. (Kao Hoon, 22/10/14)
Comment: Without a doubt, 2014 is going to be a poor year for AMATA, 2015 will have the usual improvements and the IPO listing of Amata Vietnam

ANAN
ANAN reports success of its “IDEAO URBAN PULSE” campaign. The company has presold almost 2,100 condominium units with a total value of more than Bt13bn. (Kao Hoon, 22/10/14)
Comment: Next year ANAN is expected to transfer close to THB 15 mn in revenues, they have been doing an good job in building up their presales and backlog visibility for the next 2-3 years.

BSM
BSM to enter Cambodia in 2015 to expand client base. The company is focusing on Myanmar in 2014 and expects to receive orders in 4Q14. It expects 2014 net profit to be a record high after net profit of Bt13mn in 1H14 and expects revenue growth of 20% YoY. (Thun Hoon, 22/10/14)
Comment: The problem for BSM is that they have to expand internationally just to grow, and revenues are still minimal today.

Continue reading Stocks in the news (amata, anan, bsm, chow, gold, gunkul, L&E, nusa, nwr, rml, spgc, svi) 22.10.14

Stocks in the news (advanc, amata, cpf, cpn, hempro, impact, irpc, tpipl, kbank, l&e, ptt, samco, sena, smm, sutha, thai, true, tse) 01.10.14

ADVANC
AIS lays broadband blueprint – Advanced Info Service (AIS), the country’s largest mobile operator, is jumping on the fixed-line broadband internet bandwagon with planned commercial service to begin in early 2015. “We believe now is the perfect time to enter the market, worth 50-60 billion baht last year, as the industry just reached a mature stage,” said Somchai Lertsuthiwong, the new chief executive of AIS. (Bangkok Post, 01/10/14)

AMATA
Amata sees capital inflow from China, Japan – Amata Corporation Plc, the leading factory park developer, anticipates a flow of investment from Japan and China as the economic and investment policies of the provisional government become clearer to foreign firms ahead of the Asean Economic Community 2015. (The Nation, 01//10/14)
Comment: The only reason to hold AMATA would be its IPO of Amata Vietnam which has been postponed until next year.

CPF
CPF in talk to acquire US firm – Charoen Pokphand Foods, one of the country’s largest agro-industrial and food conglomerates, is in negotiations with a leading food production and marketing company in the US over a possible acquisition. (The Nation, 01/10/14)
Comment: Isn’t it amazing to see Thai firms acquire firms in the US & Europe?

CPN
CPN reports construction of Central WestGate more than 60-70% completed and it is confident the mall will be open and ready to operate by May 2015. It confirms target revenue growth this year of 15% and maintains its 5-year revenue growth target of 10-15% per year. (Kao Hoon, 01/10/14)
Comment: Central WestGate is supposedly a prototype of a “super Regional Mall” located at Bang Yai, project valued @ THB 10 bn

Continue reading Stocks in the news (advanc, amata, cpf, cpn, hempro, impact, irpc, tpipl, kbank, l&e, ptt, samco, sena, smm, sutha, thai, true, tse) 01.10.14

Stocks in the news (auct, ccn, demco, eastw, eureka, hmpro, jas, l&e, pcsgh, rs, rwi, thai, tks, tndt, true) 11.09.14

AUCT
AUCT of interest to major and value investors (VI). These have slowly accumulated the shares, pushing share prices to close to ceiling. The company said there is an overflow of cars to be auctioned from the Customs Department and the second-hard market. It expects net profit to grow by more than 100% this year. (Kao Hoon, 11/09/14)
Comment: Hahaha, have to love kao hoon’s reporting quality.

CCN
First trading day — Management expects CCN to receive good response from investors on mai today, its first trading day. The company has strong fundamentals and expects a good performance as the IT business has growth potential. (Naew Na, 11/09/14)
Comment: An easy play on the first day if you received ipo shares

DEMCO
DEMCO will bid for new work worth Bt9.4bn and expects to receive Bt1-1.5bn. Plans for two of its waste power plants are expected to be finalized by the end of this year, while work in Myanmar will be concluded this month. It hopes to sign its utility concession in Laos over the next 1-2 months. (Kao Hoon, 11/09/14)
Comment: The most popular renewable play @ the moment, and with good reason too.

EASTW
EASTW is confident revenue and sales will meet target. The company is ready to launch ten plants at an investment cost of Bt3bn, focusing on Myanmar, Laos, and Cambodia. (ASTV Daily Manager, 11/09/14)
Comment: There isn’t much details on the investment plan just yet, but EASTW has been a very stable dividend payer over the years.

Continue reading Stocks in the news (auct, ccn, demco, eastw, eureka, hmpro, jas, l&e, pcsgh, rs, rwi, thai, tks, tndt, true) 11.09.14

Stocks in the news (bmcl, bts, itd, l&e, pf, siri, tru) 22.11.13

BMCL
Still no SRT decision on capital increase — The State Railway of Thailand has hired outside consultant to study BMCL’s need for additional capital. The report will be completed by November 29, after which SRT will make its decision. (Khao Hoon, 22/11/13)
Comment: It will still most likely go through, SRT can’t risk BMCL going bankrupt
BTS
Special dividend — BTS has announced a special dividend of Bt0.33 per share from the extraordinary gains from the sale of VGI shares. It says it does not fear competition over new line management, as it believes that its track record will convince any official. (Khao Hoon, 22/11/13)
Comment: An additional 3-4% yield for this company, to us it looks like K. Keeree is cashing out as much as he can
ITD
Targets 2014 backlog growth of 100% — ITD targets 2014 backlog growth of 100% to Bt400bn with revenue of Bt70bn, from the current level of Bt60bn. It still has hopes for Dawai, with Burma to make the decision on contractor for Phase I in February 2014. (Khao Hoon, 22/11/13)
Comment: We’ve said time and time again that ITD can’t do the Dawai project, its balance sheet isn’t big enough and they have far too much debt. Continue reading Stocks in the news (bmcl, bts, itd, l&e, pf, siri, tru) 22.11.13