Tag Archives: mcot

Stocks in the news (arip, big, chg, ea, mc, mcot, perm, pt, siri, synex, tacc, tpch) 22.01.16

ARIP
ARIP expects profit to turnaround this year on the back of expansion into digital marketing arena which should generate revenue around Bt10-15mn. It targets 2016 revenue of Bt300mn. It expects to finalize 2 organizer deals abroad in 1Q16. (Thun Hoon, 22/01/16)

BIG
BIG plans to pay dividend after it has wiped out the negative retained earnings. It expects 2016 revenue to mark a record high aided by government policy and opening of new branches. (Thun Hoon, 22/01/16)
Comment: Doubt the sustainability of this, hope for their sake that I’m proven wrong but still have my doubts…

CHG
CHG resolved to complete its acquisition of Ruampat Payong Hospital, valued at Bt117mn, effective Mar 1, 2016. (Thun Hoon, 22/01/16)
Comment: The most expensive hospital stock in Thailand today…which does say a lot.

EA
EA expects 4Q15 earnings of Bt683mn (+86%), brought 2015 earnings to Bt2.8bn thanks to full-year contribution from solar farm. (Khao Hoon, 22/01/16)
Comment: Again everything is still on track here for EA

Continue reading Stocks in the news (arip, big, chg, ea, mc, mcot, perm, pt, siri, synex, tacc, tpch) 22.01.16

Stocks in the news (ap, dtc, gc, glow, iec, jmart, jsp, mcot, prin, pylon, sutha, thani, utp, wha) 02.10.15

AP
AP has achieved presales of Bt23bn for the first nine months. It targets 2015 presales of Bt28bn. It has signed a JV agreement with a Japanese partner to invest in a Bt2.6bn condominium at Ekkamai. (Khao Hoon, 02/10/15)
DTC
DTC subsidiary buys 1.925mn shares of DMS Property Investment Private Limited, for Bt88.625mn or a 5% stake. This company will operate a hotel business in the Maldives. (Khao Hoon, 02/10/15)
Comment: Keep your eye on this hotel co, if the new CEO turn this sleeping dinosaur into a godzilla, then it could just be a MINT/CENTEL in terms of performance
GC
GC is looking for a business partner to increase sustainable growth, pay dividend and increase working capital. It expects 3Q15 earnings to be good, bringing 2015 net profit growth of 50%. It expects to benefit from government measures, BOI privileges, and a recovery in the auto sector. (Thun Hoon, 02/10/15)
GLOW
GLOW is talking to prospective partner to invest in 1-2 water and solar power projects in Thailand, Myanmar and Laos. It expects this to be finalized soon. (Thun Hoon, 02/10/15) IEC IEC plans to invest in a VSPP in Songkla. It expects IRR of 14% and breakeven in seven years. (Khao Hoon, 02/10/15)
JMART
JMART plans to acquire retail businesses to set up an online market. It plans to expand JayMart shops in 10 Singer branches. It expects this to increase 2016 revenue. It expects 2015 revenue to achieve its target of 15%. (Thun Hoon,02/10/15)
Comment: JMART…love the CEO, but the mobile phone sales will continue to be hurt b/c of the carrier branded units, JMT is doing ok, JAS is an average asset, the investment in SINGER should pay dividends in a few years, but i think there’s better value elsewhere
JSP
JSP is talking to a prospective partner in China to invest in property at Pattaya; it expects the deal to be finalized by October 10. It expects 2015 revenue of Bt4bn. It plans to open two projects valued at Bt8bn by this year. (Thun Hoon, 02/10/15)
MCOT
MCOT expects poor 2015 revenue because of competition. It has budgeted Bt2bn for new contents. It expects 2016 revenue and net profit to recover. It plans to develop 50 rai of land beside Thailand Cultural Center. (Thun Hoon, 02/10/15)
Comment: And they’ll continue to be hurt for a while, although yes the 50 rai land plot could get local punters interested
PRIN
PRIN and partner plans to invest in 1MW solar roof for townhome in Sixnature Ramintra project. It expects to supply electricity by this year. (Thun Hoon, 02/10/15)
PYLON
PYLON expects to get a Bt200mn government project and expects to sign a contract soon. This project will raise its backlog to over Bt800mn. It expects to get a Bt1.2bn job next year. It expects 2015 revenue to mark a record high backed by transfers. (Thun Hoon, 02/10/15)
SUTHA
SUTHA is talking to prospective partners both local and foreign to broaden its distribution channel in ASEAN. It expects 2015 revenue to be close to 2014’s Bt1.08bn and Bt127.8mn in net profit. (Thun Hoon, 02/10/15)
THANI
THANI expects loans of Bt14bn this year (+20%). It expects net profit of Bt728bn with 4.5% in NPLs. It expects a gradual growth in 3Q15 earnings. (Khao Hoon, 02/10/15)
UTP
UTP expects 2016 revenue to be good backed by a 12MW cogeneration power plant which will increase capacity by 35% to 250,000-260,000 ton/day. It plans to broaden its customer base into AEC. It is looking for a partner. (Thun Hoon, 02/10/15)
WHA
WHA is talking to a prospective partner to invest in a 40MW waste power plant which is expected to be cleared in 4Q15. It plans to sell Bt13bn in assets to an REIT which is expected to be set up by December. It expects 2015 revenue of Bt19bn as targets. (Thun Hoon, 02/10/15)
Comment: @ 3 baht/share is this worth looking at? Some say yes, others say no, depends upon the story you have. 

Stocks in the news (ajd, bcp, bts, brr, dtc, global, hmpro, lhk, mcot, mcs, ps, qtc, samco, ttcl, thana, thai, wice) 10.09.15

AJD
AJD’s board of director has approved the rising capital in the amount of Bt80mn (800mn shares at Bt0.1/share par value). This will increase registered capital to Bt550mn (from Bt470mn). (Krungthep Turakij, 10/09/15)
Comment: And are you surprised by this? 
BCP
BCP to list renewable energy arm. The state-majority-owned Bangchak Petroleum Plc (BCP) plans to list its renewable energy arm BCPG on the SET next year, a decade after it diversified into the sector. The company operates a dozen solar farms nationwide with a combined capacity of 118 megawatts. Management said BCP was also in talks with several renewable energy operators including geothermal power plants in Malaysia and Indonesia as well as domestic operators of biomass and biogas facilities for possible mergers and acquisitions. (Bangkok Post, 10/09/15)
Comment: Their renewable energy business was been on the bright shining lights of BCP’s continued improvement in performance (ex oil prices) in the past few years
BTS
BTS expects to sign two Green Line extension contracts this year and plans to use Bt16bn capex to buy 40 additional trains. (Khao Hoon, 10/09/15)
Comment: And the monopoly on the sky train shall continue!  Positive point – would you really want the Thai Government to be responsible for the BTS?
BRR
BRR expects strong earnings this year backed by strong sugar orders and revenue from its power business. BRR’s management said the government is talking with partners about investing in an ethanol plant and expects the project to be concluded in 4Q15. BRR plans to use Bt600mn capex for biomass power plant expansion. (Thun Hoon, 10/09/15)
DTC
Dusit Thani gets new CEO – Dusit Thani, a listed operator of several hotel brands, has appointed Thaicom’s outgoing chief executive officer Suphajee Suthumpun as its new group CEO to enhance the development of its human resources and technology. The appointment will take effect from January 1, 2016. Dusit Thani is undergoing a significant transformation to support its vision of sustained international growth in various business sectors, including hospitality, education and property development, and it is therefore the opportune time to bring in new leadership, the company said. Suphajee is expected to help drive business forward as she comes to the group with a distinguished career background and extensive experience in both domestic and international corporations. (Post Today, 10/09/15)
Comment: AN AMAZING MOVE! She turned around the POS that was THCOM, and with DTC she has some amazing assets and a decent brand name to work with, could she do it again?

Continue reading Stocks in the news (ajd, bcp, bts, brr, dtc, global, hmpro, lhk, mcot, mcs, ps, qtc, samco, ttcl, thana, thai, wice) 10.09.15

Stocks in the news (bjchi, centel, cpall, cwt, dtac, kkc, mcot, ml, pae, pjw, pttgc, s, tcj, tcmc, tfd, trc, tuf, tvd, upa, ureka) 20.07.15

BJCHI
BJCHI expects 2Q15 earnings to be better than 1Q15 benefitting from FX gain. It expects 2H15 earnings to increase aided by backlog from Petrobras, worth Bt1.3bn and new projects from TUPI BV, valued at Bt5.4bn. It expects 2H15 net profit of Bt800mn. (ASTV, 20/07/15)
Comment: We do wonder aloud, weakening thb, which other export based or sectors/companies that rely upon Thailand being cheap for labour will benefit in the continued weakening of the THB? The same question of course goes for every other country in the region.

CENTEL
CENTEL expects to benefit from the baht depreciation as it will lead to an increase in tourists. Its average occupancy rate is 80% in 1H15 which is higher than 1H14. (Thun Hoon, 10/07/15)

CPALL
CPALL expects 2015 revenue to grow 11-12%. It expects water sales to grow 15% as people buy more water because of the drought. (Khao Hoon, 10/07/15)
Comment: Who else could in benefit from this? CPALL I’m finding interesting now because it looks like they will sell off part of their makro stake, to pay down their debt

CWT
CWT plans to set a Bt250mn plant in Cambodia for exports, expects this to start up in mid-2016. It targets 1mn capacity in 2019. (Khao Hoon, 10/07/15)

Continue reading Stocks in the news (bjchi, centel, cpall, cwt, dtac, kkc, mcot, ml, pae, pjw, pttgc, s, tcj, tcmc, tfd, trc, tuf, tvd, upa, ureka) 20.07.15

Stocks in the news (ah, aira, akr, ap, btc, chuo, delta, iec, lit, modern, mcot, mtls, ptt, rich, sc, sena, snp, siri, spcg, symc, tasco, tta, tvt) 10.07.15

AH
AH expects 3Q15 to be good backed by new car models. It targets 5-10% revenue growth this year although 2Q15 profit is expected to be lower than 1Q15 on seasonality. It expects to conclude an acquisition in 4Q15. (Khao Hoon, 10/07/15)
AIRA
AIRA plans to expand into leasing and insurance in 2H15. It expects to start nano-finance scheme. AIRA shareholders approved a capital increase of 3,160mn shares. (Khao Hoon, 10/07/15)
Comment: AIRA in a way has been quite clever of diversifying as far away as possible from the brokerage business 
AKR
AKR got a job from Royal Thai Army worth Bt480mn. Management is confident 2015 revenue will be good backed by electric transformer jobs. (Thun Hoon, 10/07/15)
Comment: Not a submarine purchase?
AP
AP plans to issue a debenture. The objective is pay down debt and for use as working capital. (Thun Hoon, 10/07/15)

Continue reading Stocks in the news (ah, aira, akr, ap, btc, chuo, delta, iec, lit, modern, mcot, mtls, ptt, rich, sc, sena, snp, siri, spcg, symc, tasco, tta, tvt) 10.07.15

Digital TV infighting

The new digital TV industry has been both a love and hate relationship for me, at times I can see the bull in it, about how well some new players will perform (WORK, RS), newer players receiving higher ad rates over the coming years, at other times I see the bear argument, an audience population that doesn’t have the set top boxes nor the sattelites required to view this, the high prices operators are paying just to compete for ad ratings, and now we can add into the mix a silly regulator that is probably just looking for some THB on the side, Gen Prayuth use your Article 44 and fix this rubbish.

The broadcasting regulator’s plan to postpone digital TV licence fee payments for another year may not take effect….They said the postponement of digital TV licence fee payments, which are due on May 24, would affect the government’s revenue collection…Most of the complaints have come from people who said the payment delay was “inappropriate” and rooted in the unhealthy financial status of some digital TV operators, …Last month, the NBTC approved in principle the postponement of digital TV licence fee payments for 12 months….A public hearing on the payment delay was held last week. Most of the 24 digital operators agreed to put off the second licence fee payment worth a combined 8.1 billion baht…But they did not agree with the charge of a 7.5% interest rate, as it would not serve to ease their financial burden.

Source: Bangkok Post

Co Visit: MCOT Plc

Complete media value chain gives edge to MCOT in broadcasting sector

MCOT Plc is the state-majority-owned media group that owns and operates a number of radio and TV stations. President Sivaporn Chomsuwan discusses the company’s strategy and outlook.
Please explain MCOT’s business model.
MCOT is a fully integrated media company involved in TV, radio, new media and concessions. More than half our business today is TV, with our two channels MCOT Family and MCOT HD. In the radio business, we have 62 stations and are the market leader in each of our target markets. With new media we have increased our exposure in digital media, and with concessions we rent out our frequency to other channel operators.

mcot_pic

Mr Sivaporn sees a challenging time with more TV channels and less ad spending.

MCOT has experienced a decline in ratings in the past 12 months. What are the company’s plans to improve in this area?
The ratings have declined for our two digital TV channels, partly because we are adjusting to the structural change in the industry. In the past, we relied on third-party content providers to supply variety and game shows while we developed our own news programmes. Now we are required to develop additional programmes on our own and reach agreements with other third-party content providers as well. Since mid-2014, we have been developing our own programmes using the content that we have today, which is unparalleled in Thailand from a news standpoint. We have also been creating new programmes and rescheduling existing ones to fit audience behaviour. As a result, we have seen our ratings stabilise and hope to improve further. We have to balance education and entertainment and continue to be the channel that people can rely on. Internally we need to improve synergy between radio and TV where the content from both media, along with our key presenters, can be used interchangeably. This is a cross-media strategy involving content, advertising and promotion.

Continue reading Co Visit: MCOT Plc

Digital TV finally gets a break

The Digital TV Industry has been having its own version of battle royale with the competition for ratings sending bidding prices for new shows through the roof and if you look at every company related to digital tv, all of their earnings were poor in 2014 and 1Q15, as a result of this they have essentially gotten together to sue the NBTC into doing something to save the industry from disaster and it looks like they’ve won the first step.

The National Broadcasting and Telecommunications Commission (NBTC) board has agreed to postpone digital TV operators’ second licence fee payment for another year.
Secretary–general Takorn Tantasith said the telecommunications regulator yesterday decided to postpone the second licence fee payment, totalling 8.7 billion baht and due on May 24, for a year to help reduce the financial burden on digital TV operators.

Thus it’s good news for WORK, RS, GRAMMY, BEC, MCOT, MONO, NMG and several other players.

Source: Bangkok Post

Stocks in the news (abc, bay, cho, ck, dcc, ea, eforl, egco, epco, erw, ichi, ktc, mcot, mtls, pylon, sawad, scp, siam) 23.04.15

ABC
ABC expects shareholder approval to increase capital and list ABC-W2. The company hopes to use the capital to expand its property business. It has land of over 4,000 rai in Hua Hin. It is ready to push M-Commerce business to be its main source of revenue in the future. (ThunHoon, 23/04/15)
Comment: So this IT company that had big plans to be a massive ecommerce platform has now decided it shall go into property in as well, I can see the synergies here, selling property via ecommerce! C’mon people you gotta believe!

BAY
BAY sets up shop in Yangon, Myanmar in order to support clients in large and SME business via a joint venture with BTMU. (Khao Hoon, 23/04/15)
Comment: With the Japanese running the shop now, I am not surprised to see this expansion into Myanmar

CHO
Joins e-bidding to provide 489 NGV buses for BMTA. Its bid is the lowest, but the BMTA is unable to make a final decision because it needs to first negotiate the maintenance fees with bidders.(Khao Hoon, 23/04/2015)

Continue reading Stocks in the news (abc, bay, cho, ck, dcc, ea, eforl, egco, epco, erw, ichi, ktc, mcot, mtls, pylon, sawad, scp, siam) 23.04.15

Stocks in the news (ba, beauty, bts, ccp, gift, ifec, jsp, lanna, mcot, mida, mill, nusa, ocean, spcg, svi, tasco, tcc) 09.03.15

BA
BA looks for good 2015, supported by better tourism industry. It expects passenger number to grow by 6mn from 4.79mn last year. It will expand fleet, adding four new ATR72-600s. In 2018, it will have 43 planes versus 27 planes at end 2014. This will support passenger growth in line with the turnaround of foreign tourists. (Thun Hoon 9/3/15)
Comment: Again its the holding it has in BGH that keeps the value in in BA. 
BEAUTY
BEAUTY reported 2014 net profit of Bt301.16mn (+45.451%) with a 112.28% YoY increase in 4Q14 net profit. It will pay a 2014 dividend of Bt0.99/share and reduce par to Bt0.1/share. (Thun Hoon, 9/3/15)
Comment: Incredible numbers out of beauty. They’ve proven me wrong, who knew thai consumers loved this brand that much.
BTS
CP Group, Thai Beverage Co., and BTS are negotiating with Ministry of Transportation for investment in high speed train for Bangkok-Hua Hin and Bangkok-Rayong. This is to enhance their logistics and property businesses. The Ministry of Transportation expects the concession will be finalized by year-end. (Prachacharti Turakij, 9/3/15)

Continue reading Stocks in the news (ba, beauty, bts, ccp, gift, ifec, jsp, lanna, mcot, mida, mill, nusa, ocean, spcg, svi, tasco, tcc) 09.03.15