Tag Archives: lh

Stocks in the news (acap, centel, chow, demco, epco, epg, ifec, jas, lh, ncl, nncl, plat, prin, rs, spali) 21.09.16

ACAP
ACAP raising loan target to Bt3.5bn from Bt2bn. There is progress in its plan to expand abroad and it expects to wind up a deal with two partners in Cambodia. It plans to issue a debenture worth Bt1bn with interest rate at 5.6%. The call center business continues to grow. (Thun Hoon, 21/09/16)
CENTEL
CENTEL expects 4Q16 to be good, supported by high season. It expects 2016 earnings to grow in line with growth in tourism. Recently, it agreed to join with PTT to study placing a hotel in service stations. (Thun Hoon, 21/09/16)
CHOW
CHOW expects 3Q16 earnings to be good and lead to growth in 2016 revenue and profit. It has Bt3.36bn in loans from EXIM Bank to invest in a 70MW solar farm in Japan. It plans to list CHOW Energy on mai this year. (Kao Hoon, 21/09/16)
Comment: Quite the development but not a surprise given their strategy 
 
DEMCO
DEMCO won EGAT project worth Bt1bn which will expand its backlog to Bt8bn. It plans to bid for another new job. It expects 2016 revenue to grow 15% from last year supported by more jobs waiting to be booked. (Thun Hoon, 21/09/16)
Comment: Question is still how much more money will they lose from fixing those wind turbines? A gambling man may be willing to take a bet that 3Q could actually show a profit for the first time this year.

Continue reading Stocks in the news (acap, centel, chow, demco, epco, epg, ifec, jas, lh, ncl, nncl, plat, prin, rs, spali) 21.09.16

Stocks in the news (aot, beauty, bjchi, cbg, global, itd, lh, nok, oto, sawad, spcg, tasco, tpch, tsr, tvt, uv, vpo, wha) 28.06.16

AOT
AOT expects to benefit from recovery in tourism, more passengers, and growth in flights by low-cost airlines. It targets non-aviation revenue to comprise 50% within three years. It plans to expand terminals in order to handle 6-8% passenger growth each year. (Thun Hoon, 28/06/16)
BEAUTY
BEAUTY expects 1H16 net profit of Bt169.61mn driven by large orders. It expects 2016 revenue to rise 20% from last year on high demand. (Thun Hoon, 28/06/16)
Comment: And the machine still continues..and I continue to bang my head against the wall.
 
BJCHI
BJCHI took part in a Bt6bn bid abroad. It expects this to increase its backlog from Bt4.2bn. It targets 2016revenue to grow 15% from Bt5.75bn, aided by transfers. (Thun Hoon, 28/06/16)
CBG
CBG plans to expand to Europe. It expects this to strength its brand awareness. It expects 2016 revenue to grow 15-20% driven by a larger local market. (Thun Hoon, 28/06/16)

Continue reading Stocks in the news (aot, beauty, bjchi, cbg, global, itd, lh, nok, oto, sawad, spcg, tasco, tpch, tsr, tvt, uv, vpo, wha) 28.06.16

Stocks in the news (aot, ap, bsm, centel, cho, fsmart, lh, malee, pk, qtc, sci, spa, tk, tmb, ttcl) 06.06.16

AOT
AOT plans to open bidding for the APM system at Suvarnabhumi valued at Bt3bn in midJune. It expects to finish the deal in October 2016. (Khao Hoon, 06/06/16)
Comment: AOT has been very quiet recently in terms of their expansion plans.
 
AP
AP got revenue of more than Bt8.55bn, up 20%, in five months. It plans to launch new projects and campaigns. It is confident sales will reach its target of Bt31bn in 2016. (Khao Hoon, 06/06/16)
Comment: Perhaps the last sector left to run in the Thai market.
 
BSM
BSM increase capital to RO and issue warrant (BSM-W2). It expects to funding of Bt150mn for develop property. It sets 2016 revenue target to over Bt1bn. (Khao Hoon, 06/06/16)
CENTEL
CENTEL expects 2Q16 earning to be good supported by tourism tax. It sets revenue target growth 10% from Bt19.2bn from 2015 due to tourism expansion. (Thun Hoon, 6/6/16)
CHO
CHO expects to turn around. It expects 2016 profit of Bt77mn, growth of 113% from 2015, supported by backlog of Bt645mn. It plans to book Bt400mn this year. (Khao Hoon, 06/06/16)
FSMART
FSMART is confident that 2Q16 earnings will grow as it expands the Boon Term top-up machines. At the end of April, it had 75,000 machines and expects to reach 90,000 this year. It is confident that revenue from Boon Term top-up machines will be over Bt28bn. (Khao Hoon, 06/06/16)
Comment: Still a growth machine. 
 
LH
LH expects 2016 transfers to hit Bt28bn as targeted after backlog reached Bt20bn. It plans to launch 14 projects valued at Bt23.5bn. It expects this to increase its presales to Bt28bn at the end of this year. (Khao Hoon, 06/06/16)
MALEE
MALEE expects 2016 revenue growth to be higher than target at 15% aided by the baht weakening and higher sales abroad. It plans to expand to CLMV and ASEAN. It expects its associated company in the Philippines to contribute doubled revenue. (Thun Hoon, 06/06/16)
Comment: The Philippines has done far better than what most people expected. It does raise the question why couldn’t ICHI and SAPPE do the same in their international expansions.

Continue reading Stocks in the news (aot, ap, bsm, centel, cho, fsmart, lh, malee, pk, qtc, sci, spa, tk, tmb, ttcl) 06.06.16

Stocks in the news (advanc, auct, bjchi css, itd, ksl, lh, oishi, qtc, scc, super, tasco, thai, tnp, vgi) 18.04.16

ADVANC
AIS board ‘to decide on new license bid’. ADVANCED Info Service has yet to confirm if it will participate in the new round of bidding for a 900MHz licence. Chief executive officer Somchai Lertsutiwong said yesterday the company board would make a final decision on the matter. The junta also ordered the NBTC to extend further the period AIS has to shut down its second generation cellular service it operates on 900MHz till June 30 or the date the NBTC will award the 900MHz licence to the winning bidder – whichever comes first.The previous deadline was April 14. Somchai said AIS would not ask for any further extension. (The Nation, 13/04/16)
Comment: There are still many questions regarding this…if they rejected it before why purchase at this price? If they’ve already spent a substantial amount of capex, wouldn’t this hurt their balance sheet? Is the price definitely going to start @ thb 75 bn? 
AUCT
AUCT expects margin to be higher than 50% thanks to the 4G auction. (Thun Hoon, 18/04/16)
BJCHI
BJCHI expects 1Q16 net profit of Bt490mn brought by TUPI project. It says it has high potential projects of Bt6.5bn. It expects to get the Bt2.8bn TUPI FPSO#3 in April. It targets 2016 revenue to grow 15%. (ASTV, 18/04/16)
Comment: And they still continue to grow despite all the volatility in oil prices
CSS
CSS’s backlog is Bt1.3bn backed by telecommunication projects. It plans to take part in bids and expects 2016 revenue to reach Bt5.3bn (15-20% growth). It will pay a dividend of Bt0.1/share, XD on April 19. (Khao Hoon, 18/04/16)

Continue reading Stocks in the news (advanc, auct, bjchi css, itd, ksl, lh, oishi, qtc, scc, super, tasco, thai, tnp, vgi) 18.04.16

Stocks in the news (bwg, forth, fsmart, gunkul, ichi, iec, intuch, kbank, lh, mcs, mpg, nncl, siri, spcg, thani, trc, tta, uac) 21.01.16

BWG
BWG expects to win numerous waste disposal contracts after Department of Industrial Works vows to tighten its pollution control enforcement. Its 500MW PPA is expected to be finalized by 1Q16, leading to income turnaround going forward. BWG also plans to list its subsidiary, the Earth-Tech Environment co., ltd. (Thun Hoon, 21/01/16)
Comment: It’s quite interesting to see BWG’s turnaround over the past few quarters, from what was one poorly managed company they’ve somehow transitioned well to the waste to energy and waste disposal businesses (which are incredibly hard to break into…)

FORTH
FORTH expects a big earnings jump in 2015 from Bt337mn the previous year, backed by numerous orders and its subsidiary. Bt900mn has been earmarked for an investment in Top Up machine which will be deployed at home and abroad. It plans to increase backlog from the current level of Bt300mn. (Thun Hoon, 21/01/16)
Comment: Again the real value in FORTH is FSMART

FSMART
FSMART plans to partner with KBANK to provide money transfer service via Boon Term Top Up machine. It sets Bt600mn investment budget for the deployment of 25,000 additional Top Up machines this year, after installed 65,000 machines last year. It expects revenue and net profit to hit new high in 2015, followed by 30% growth in 2016. (Thun Hoon, 21/01/16)
Comment: They are continually finding more and more ways to add more value to their top-up machines, just a wonderful business model.

GUNKUL
GUNKUL expects 2016 revenue of Bt6bn (25% growth) aided by 143MW power plant. It plans to kick start 1Q16 with additional 10MW. Company believes it has enough capital to expand its investment as planned. (Thun Hoon, 21/01/16)
Comment: So for now it looks like all of the capital increases are done.

ICHI
ICHI targets 2016 revenue of Bt7.5bn on the back of cost control, market expansion, launching more marketing campaign and new products. 2015 revenue is a miss, registered only Bt6.4bn due to market slow down and increasing competition. (Khao Hoon, 21/01/16)
Comment: They have “missed” a lot since their ipo…

Continue reading Stocks in the news (bwg, forth, fsmart, gunkul, ichi, iec, intuch, kbank, lh, mcs, mpg, nncl, siri, spcg, thani, trc, tta, uac) 21.01.16

Stocks in the news (advanc, csl, ecf, global, gunkul, hemraj, jubile, kbs, lh, loxley, mk, smart, treit, tu) 25.11.15

ADVANC
Advanced Wireless Network (AWN) paid Bt20.493 billion to the National Broadcasting and Telecommunications Commission (NBTC) yesterday as the first installment of the 1,800MHz license upfront fee. (Khao Hoon, 25/11/15)
Comment: And TRUE hadn’t paid their first part yet. Surprised much? Eyes are now fully focused on the remaining 900 MHz that should be up for bidding in December, we think it’s something that both DTAC and ADVANC have to win, each for their own business reasons otherwise DTAC is effectively out of the telco game and ADVANC won’t have enough spectrum. Now would JAS come to ruin the party for all the incumbents by pushing the price up just as they had done in the first round of bidding?

CSL
CSL expects 2016 revenue growth of 1-3%. It is focusing on the ICT business and is expected to have net profit of Bt300mn. (Khao Hoon, 25/11/15)

ECF
ECF expects 2016 revenue growth more than 12% and revenue in 2015 of Bt1.3bn. It also plans to use its rights to produce Disney-themed furniture to expand its market. (Khao Hoon, 25/11/15)

GLOBAL
GLOBAL expects 2016 revenue to grow 10-15%. It plans to partner in Cambodia and use Bt2bn to expand the business in Thailand. (Thun Hoon, 25/11/15)
Comment: We have never really cared much for this company only because we were always worried about its inventory turnover and HMPRO, as a business, is by far a better choice. But if and its a big if, GLOBAL can expand further in Cambodia, Laos etc etc and have a strong foothold in both markets then I may be more interested, but still their inventory management has me scratching my head.

GUNKUL
GUNKUL to partner with Super to build 11 solar farms for a total of 87 MW. It expects to generate electricity this month. (Thun Hoon, 25/11/15)

HEMRAJ
HEMRAJ plans to sell land in Hemraj Eastern Seaboard 2 to MG. It will sign the contract tomorrow (26/11/15). (Thun Hoon, 25/11/15)
Comment: We are just waiting for that last divvy.

Continue reading Stocks in the news (advanc, csl, ecf, global, gunkul, hemraj, jubile, kbs, lh, loxley, mk, smart, treit, tu) 25.11.15

Stocks in the news (advanc, amata, becl, bmcl, fsmart, beauty, hft, ilink, irpc, lanna, lh, loxley, ml, ple, ptg, ptt, ratch, qh, synex, ttw, wave, work) 25.06.15

ADVANC
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
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)

BECL/BMCL
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/BEAUTY
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.

Continue reading Stocks in the news (advanc, amata, becl, bmcl, fsmart, beauty, hft, ilink, irpc, lanna, lh, loxley, ml, ple, ptg, ptt, ratch, qh, synex, ttw, wave, work) 25.06.15

Stocks in the news (ba, bcp, brock, cpf, eic, gfpt, kkp, lh, mint, snp, mlink, nusa, ocean, pttgc, ratch, scc, uac, uv, wave) 24.04.15

BA
CEO says give BA some time – The Chief Executive Officer of BA, Khun Prasert Prasartong-osoth told shareholders yesterday that the reason the price of BA shares has fallen below IPO price is that it has been listed only six months and needs at least a year to prove itself to investors. Shareholders voted a cash dividend of Bt0.2 per share even though it had been listed only two months at the end of the year, giving investors a good return. (Post Today 24/04/15)
Comment: Well 1) It wasn’t the cheapest IPO 2) All airline stocks were hit hard recently 3) They effectively only feed 1 airport 4) They do have shares in BDMS (formerly BGH) which does argue that the underlying stock could be cheap.

BCP
1Q15 profit to be Bt1.55bn due to the increase refinery margin above US$10. (Khao Hoon 24/04/15)

BROCK
1Q15 earnings should be better than 1Q14’s loss of Bt680bn due to more backlog. The firm expects a 10% growth in revenue in 2015 as a result of an uptrend in the property business. The firm plans to enter into a joint venture with a foreign and listed property company in Thailand to launch a new project, expected to be settled by 4Q15. (Thun Hoon 24/04/15)

CPF
Plans to expand ready-to-eat branches in both Vietnam and India to 1,000-1,200 branches in Vietnam and 500 in India to get in on the economic growth. (Khao Hoon 24/04/15)
Comment: We would love CPF more if it wasn’t an obvious exit strategy for all of CP Group’s private entities.

Continue reading Stocks in the news (ba, bcp, brock, cpf, eic, gfpt, kkp, lh, mint, snp, mlink, nusa, ocean, pttgc, ratch, scc, uac, uv, wave) 24.04.15

Stocks in the news (ccn, color, dcon, demco, esso, gunkul, ilink, kcar, kcm, ktb, lh, mint, nch, nwr, ptt, pttep, ratch, sanko, seafco, uniq, work) 17.04.15

CCN
CCN and partner to bid for government project worth Bt100mn in 2Q15. It expects to get the entire project. The 1Q15 outlook is relatively the same as last year. It expects 2015 revenue growth to reach the target 20%. (Thun Hoon, 17/04/15)

COLOR
COLOR expects its 2015 to turn to be profitable, after losses for three years in a row. It expects the improvement to be enough to offset the retained losses of Bt17.53mn. It expects a strong 1Q15 after the return of client orders and better utilization rate. (Thun Hoon, 17/04/15)

DCON
DCON expects dramatic earnings growth over the next few years. Within the next ten days, it plans to set up a joint venture for a new plant in Cambodia. It also plans to set up a precast plant that will contribute Bt100bmn/year. It will also invest in a power plant and residential property in the future. (Thun Hoon, 17/04/15)
Comment: It’s the power plant and the residential projects that are the short term EPS drivers here.

DEMCO
Gets new project producing electric wire worth Bt871mn. This will raise backlog to more than Bt5bn. Solar farm projects will generate about Bt1.75bn. 1Q15 is expected to be strong. (Khao Hoon, 17/04/15)
Comment: DEMCO should always continue to win work in any power related project, especially renewable energy projects.

Continue reading Stocks in the news (ccn, color, dcon, demco, esso, gunkul, ilink, kcar, kcm, ktb, lh, mint, nch, nwr, ptt, pttep, ratch, sanko, seafco, uniq, work) 17.04.15