ACAP expects 1Q16 net profit to back to black and stay there for the remainder of this year. It expects to wipe out retained losses this year. It expects to make a decision on the credit card business with foreign partners by mid-2016. (Khao Hoon, 21/03/16)
Comment: Given that the credit card business is already well and truly saturated in Bangkok, I don’t see how ACAP can make a dent in it.
BAFS is budgeting Bt8bn to invest in an oil pipeline in the north, expects this to handle 14,000mn liters oil by 2019. It expects 2016 revenue to grow not less than 11%. It targets fuel demand for aviation to grow 6-7%. It is considering investing in the resort business. (Thun Hoon, 21/03/16)
Comment: BAFS aim here is to effectively act as the owner and collect a fee from the amount of oil transported through the pipeline, an oil highway if you will.
CFRESH expects 2016 revenue to grow 10-15% brought by orders from the US and Japan. It expects gross margin to improve from last year to 13-14% after its customers in Europe increased orders. Its subsidiary abroad is having lower net losses after a business restructuring. (Thun Hoon, 21/03/16)
CHOW expects the steel industry to recover because it got Bt1.6bn in orders. It expects to benefit from a 30% increase in steel price. It expects 80MW power business to contribute revenue of Bt1.2bn. (Thun Hoon, 21/03/16)
Comment: They’ve been incredibly active on the power front trying to buy plants and investing in Japan
AIS asked to review plan to use Jas spectrum for its 2G customers — THE NATIONAL Broadcasting and Telecommunications Commission (NBTC) yesterday asked Advanced Info Service (AIS)to review its plan to protect its 2G subscribers in the part related to Jas Mobile Broadband (JASMBB),citing that the existing plan could not be allowed. (The Nation, 10/3/16) AIS turns down True’s ‘hefty’ B450m payment call for 2G – Advanced Info Service (AIS) has rejected a proposal made by True Corporation for the company to pay what it terms a hefty spectrum fee payment in exchange for retaining its 2G customers on the 900-megahertz network for three months. (Bangkok Post, 10/3/16)
Comment: Again as stated yesterday, ADVANC does already have the deal with DTAC and they don’t need to partner w/ TRUE, especially at this silly high monthly rate
AH sets 2016 revenue target growth 5% supported by recovery in the automotive industry. It plans to control costs and launch new products to bring 2016 net margin to above 2%. It has budgeted Bt400mn for investment. (Kao Hoon, 10/03/16)
Comment: I don’t remember the last time that this company actually met their targets
AJD and Alibaba will hold a press conference at the end of March. AJD is to partner with Alibaba as a reseller in Thailand. It targets 50,000 customers with revenue of Bt250mn in the first year. It expects to book profit from sales of its online top-up machine. (Kao Hoon, 10/03/16)
BKD ready to increase domestic and foreigner investment portion to enhance its image. It expects to get a job worth Bt3bn. It expects to get more than Bt300mn from the exercise of BKDW1. (Kao Hoon, 10/03/16)
CK gets a new job worth more than Bt2.1bn after CKP’s board approved CK Laos to construct a substation. (Kao Hoon, 10/03/16)
Comment: With the government now saying they’ll fast track everything, all contractors are shooting upwards.
CENTEL plans to acquire an international food company. It expects the deal to be finalized by 4Q16. It targets 2016 revenue to grow 10% backed by growth in online business. (Thun Hoon, 20/01/16)
Comment: Well the EVP must be very happy because he has only talked about doing acquisitions for the past few years
DCORP is talking to a listed company to provide loans for those interested in investing in solar roof. It expects the deal to be clear in January. It plans to focus on alternative energy. It expects 2016 net profit to back to black and wipe out retained losses of Bt300mn. (Thun Hoon, 20/01/16)
GFPT expects 2016 revenue to grow5-10% as lower supply is expected to bring chicken prices back up above Bt40/kg. It expects gross margin of 10-12%. (Thun Hoon, 20/01/16)
Comment: I’ve always liked this company and perhaps it may be time for the earnings to recover if chicken prices recover
ACC plans to take over a 5.5MW solar farm, valued at Bt320mn. It expects this to contribute Bt33mn net profit/year. It plans to issue warrants at a ratio of 4 shares per warrant. Management says it plans to focus on alternative energy business. (Thun Hoon, 12/01/16)
Comment: Thats a fairly decent valuation given that IFEC just spent a (granted at the stupidest highest price any one has ever seen) 155 mn on 1 MW
CPF plans to focus on box lunches via CP Food World. It plans to open new branches, targets to become a food service provider. It plans to open five food courts and six catering facilities this year. (Khao Hoon, 12/01/16)
CWT got Bt300mn job and expects to sign the contract soon. This job increases its backlog to Bt1.5bn which covers revenue until 4Q16. It expects revenue growth of 25% this year aided by numerous orders and the baht weakening. (Thun Hoon, 12/01/16)
DCON is budgeting Bt300-400mn to buy land. It plans to increase sales at DCON prime project. It targets 2016 revenue of Bt1.2bn by expanding its customer base. It expects its orders to increase backed by public projects. (Thun Hoon, 12/01/16)
Comment: The stock price has returned to where it should be, perhaps when the next condominium project is launched shall we see another xmas tree shape in the stock price
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 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 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 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 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 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.