Tag Archives: mcs

Management Trades 22/08 – 26/08

Notable Transactions

Buy(s) THB 33 mn

  • N/A

Sell(s) THB 2.4 bn

  • MTLS – A huge sale from the owner. Does he not see a continuation of the 50% YoY growth after 2017?
  • TKN – Again the major shareholders sell, looks like a block trade
  • BEAUTY – See TKN
  • BA – Now this is a rarity, a sell out of BA. When will they get rid of their BDMS shares?
  • HMPRO – And he continues to sell
  • MCS – Ohh a first sell from this wonderful steel manufacturer.

mgmt_trades

Stocks in the news (a, bgt, earth, fsmart, lalin, lhbank, q-con, max, mcs, mint, pttep, thani, world) 29.07.16

A
A expects 2016 net profit to mark a record high despite the slowdown in 2Q16 sales. It plans to launch 3-4 new projects, valued at Bt2bn. It expects 2016 sales to reach Bt6bn. It targets revenue to hit Bt10bn within three years. (Thun Hoon, 29/07/16)
Comment: It is rather incredible how this property developer started with effectively nothing back in ’97 to achieve these levels of revenues
 
BGT
BGT expects to show a net profit this year thanks to strong growth in sales in 1H16. It plans to launch new products throughout the rest of the year. It targets revenue to grow 15%. It plans to expand to Myanmar with two new branches. (Thun Hoon, 29/07/16)
Comment: A forgotten consumer brand retailer if there was one. One can guess that they’ve struggled with the advent of the new brands hitting the Thai market in the past 5 years
 
EARTH
EARTH expects 2H16 earnings to be good backed by numerous orders and seasonality. It plans to expand to China where it is getting orders amounting to Bt4-6bn/year. (Thun Hoon, 29/07/16)
FSMART
FSMART expects to report its earnings on Aug 11. It expects 2Q16 revenue and profit to record a new high, supported by more top-ups and the addition of 78,000 on-line top-up machines. It will sell 2018 FIFA World Cup Russia tickets on Aug 1. (Kao Hoon, 29/07/16)
Comment: And this compounding machine continues to grow
 
LALIN
LALIN plans to launch new projects to handle demand in 2H16. It expects demand to grow from public transportation. It expects 2016 revenue to grow 15%. Work on hand of Bt700-800mn is expected to be booked this year. (Thun Hoon, 29/07/16)

Continue reading Stocks in the news (a, bgt, earth, fsmart, lalin, lhbank, q-con, max, mcs, mint, pttep, thani, world) 29.07.16

Stocks in the news (aot, bjc, bkd, ivl, lph, lpn, maco, mcs, nwr, pca, ps, rs, tf, vgi) 04.07.16

AOT
AOT is confident that FY2016 profit will be a new high. It reports 1H16 profit of Bt10.1bn supported by tourism recovery. It targets 2016 passengers of more than 12.5%. It will increase its investment budget to Bt194bn to develop six airports and increase non-aeronautical ratio to 50%. (Thun Hoon, 04/07/16)
BJC
BJC announces a second rights offering of not over 807,779,000 shares. It will indicate the number of shares that will be issued for a PP on July 8, 2016. (Kao Hoon, 04/07/16)
BKD
BKD expects 2016 net profit growth of 245.8% after booking an extra item of Bt410mn from the sale of 20 rai. It expects average revenue growth of 38.5% per year. It expects 2016 revenue to exceed Bt1.45bn. (Thun Hoon, 04/07/16)
IVL
IVL confirms that Brexit will not affect its business. It expects 2Q16 to show continued growth, supported by more orders and booking profit from acquiring a business. (Kao Hoon, 04/07/16)
Comment: One of the few commodity related names to not yet have rebounded post “brexit”

Continue reading Stocks in the news (aot, bjc, bkd, ivl, lph, lpn, maco, mcs, nwr, pca, ps, rs, tf, vgi) 04.07.16

Stocks in the news (cho, chow, cig, epg, fpi, ilink, kool, mcs, ncl, ps, samco, tog, tsr) 27.06.16

CHO
CHO expects to show net profit in 2Q16 from net loss of Bt9.12mn. It expects 2H16 earnings to be good backed by transfers and Bt652mn backlog. It expects 2016 revenue to achieve its target at 10%. It expects to get the Bt4mn NGV bus project, which will be announced in July. (Thun Hoon, 27/06/16)
CHOW
CHOW plans for subsidiary CE to submit filing to launch Bt380mn IPO and expects to trade in mai. It will use the funding to expand its power business at home and abroad. (Khao Hoon, 27/06/16)
Comment: They are continuing on their shift to more renewable energy projects
 
CIG
CIG has a deal with a foreign partner to launch a new product with expected revenue of Bt200mn. It expects 2016 revenue turn to positive from loss of Bt7.24mn last year. It is considering paying a dividend. It expects FY2016 revenue of over Bt1bn. It plans to increase revenue portion from exports to over 50%. (Thun Hoon, 27/06/15)
EPG
A Hong Kong fund is interested in EPG because of its strong fundamentals. It expects this to be clarified soon. It will gain from a weaker baht after the UK leaves the EU. (Thun Hoon, 27/06/15)
FPI
FPI expects 2Q16 earnings to be good boosted by large orders. It expects 2016 revenue to hit target growth of 10% after the auto sector bottomed out. It expects to run new machinery, which will increase its capacity by 15%. It will use the capacity to handle OEM orders. (Khao Hoon, 27/06/16)

Continue reading Stocks in the news (cho, chow, cig, epg, fpi, ilink, kool, mcs, ncl, ps, samco, tog, tsr) 27.06.16

Stocks in the news (aeonts, bcp, bem, egco, fsmart, ifec, itd, mcs, mtls, rpc, sport, spa, tasco, thcom, tks, twz) 21.06.16

AEONTS
AEONTS expects 2016 loan growth to be better than last year. It plans to expand its credit card customer base by launching a marketing campaign. It targets to acquire 360,000 new cards. (Thun Hoon, 21/06/16)
BCP
BCP says oil sales in the first five months reached 2bn liters. It expects to reach 6bn liters this year driven by high demand from lower prices. It plans to open more filling stations in 2H16 and increase revenue from its non-oil business. (Thun Hoon, 21/06/16)
BEM
SRT plans to talk with BEM to become commercial area manager for MRT Purple Line (Bang Yai-Tao Poon). It expects this to be finalized in July. (Khao Hoon, 21/06/16)
Comment: To us it looks like its been in the bag for a while
EGCO
EGCO expects 930MW Kanom power plant to start up in June. This will boost long-term revenue. It expects 2016 revenue to grow 5% aided by power plants. It has budgeted Bt22bn to increase its capacity. (Thun Hoon, 21/06/16)
FSMART
Institution investors are interested in FSMART shares. It expects 2H16 earnings to be good. It is talking to a partner to expand top-up machines to 90,000, raising its revenue to Bt21bn from this business. It targets a market share of 11%. It is talking to clients for ads and has signed a contract with one client. (Thun Hoon, 21/06/16)
Comment: If they are clever about this, they have the network, they can cross sell anything with little cost and all straight to the bottom line.

Continue reading Stocks in the news (aeonts, bcp, bem, egco, fsmart, ifec, itd, mcs, mtls, rpc, sport, spa, tasco, thcom, tks, twz) 21.06.16

Stocks in the news (aot, bcp, bem, bsbm, cho, dtac, fsmart, genco, gpsc, ifec, jas, lpn, mcs, rpc, scc, ticon) 07.04.16

AOT
AOT expects passenger growth of 16% to 3.98mn passengers between Apr 8–18. (Khao Hoon, 07/04/16)
BCP
BCP cuts E&P long-term investment budget of Bt3-4bn (2015-2020). It will use the funds to invest in green power plant instead. (Khao Hoon, 07/04/16)
BEM
BEM plans to start running the Purple Line and Srirat-Orr in August 2016. It plans to issue debenture of Bt48bn to restructure debt. (Thun Hoon, 07/04/16)
Comment: And now the financial restructuring begins, if you forgot the main reason for CK deciding to merge BMCL and BECL is to ensure that they can use BECL’s balance sheet to finance BMCL’s expansion
BSBM
BSBM expects 2016 revenue will grow supported by rising world steel price and government projects to support demand. It plans to launch a new product. (Thun Hoon, 07/04/16)
CHO
CHO collaborating with SAP-NETIZEN to install SAP Business Design software. It has budgeted Bt10mn for this purpose. It expects to upgrade to offer one-stop services. (Khao Hoon, 07/04/16)

Continue reading Stocks in the news (aot, bcp, bem, bsbm, cho, dtac, fsmart, genco, gpsc, ifec, jas, lpn, mcs, rpc, scc, ticon) 07.04.16

Stocks in the news (ait, ecf, fpi, gfpt, glow, ifec, jwd, mcs, mtls, nok, pranda, pps, pylon, samco, scn, seafco, spa, tpch, tu, twz) 25.02.16

AIT
AIT is talking to A prospective partner to provide data center service. It expects this to need Bt400mn capital investment. It plans to ask board approval in April. It plans to take part in Bt10bn public bids, of which it expects to get 40-50%. (Khao Hoon, 25/02/16)
Comment: They’ve come out saying a few times that they want to diversify away from being a project based company, and if the government is really adamant on these data centers then it just sounds like another great cash flow for those that are able to win these contracts

ECF
ECF reported 2015 net profit of Bt75mn. It will pay a dividend of Bt0.05/share, XD on April 19. It targets 2016 revenue of Bt1.5bn. (Khao Hoon, 25/02/16)

FPI
FPI targets 2016 revenue growth of 10% as the auto sector bottoms out. Its backlog is Bt600mn. It expects Bt300mn to be booked this year. It is talking to a partner to expand to India. (Khao Hoon, 25/02/16)
Comment: Haven’t they said that the deal in India was already completed?

GFPT
GFPT targets 2016 revenue to reach Bt16-18bn thanks to broiler price recovery and lower cost. (Thun Hoon, 25/02/16)
Comment: Well they have benefited from lower raw mat costs, the only question here is will the domestic price of chicken increase?

GLOW
GLOW’s board approved investing in Vietnam and Malaysia. Its 2015 net profit is Bt8.35bn. It will pay a dividend of Bt4.36/share, XD on April 29, PD on May 26. (Khao Hoon, 25/02/16)
Comment: Don’t be surprised to see GLOW continually offering special dividends every year

Continue reading Stocks in the news (ait, ecf, fpi, gfpt, glow, ifec, jwd, mcs, mtls, nok, pranda, pps, pylon, samco, scn, seafco, spa, tpch, tu, twz) 25.02.16

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 (ah, bjchi, cho, com7, dtac, earth, ifs, kce, mcs, mtls, sawad, stec, tae, tfd, thcom, tsr, uac) 11.01.16

AH
AH expects 2016 sales to grow 5-6% backed by automotive sector recovery. It expects to increase revenue by focusing on making molds, which increases its gross margin. (Thun Hoon, 11/01/16)
Comment: Rubbish, this company hasn’t performed for a decade.
BJCHI
BJCHI expects 4Q15 earnings to reach a record high aided by transfers and the baht depreciation. It targets 2016 revenue growth of 15%. (Thun Hoon, 11/01/16)
CHO
CHO plans to expand to Myanmar, Malaysia, and Indonesia. It expects this to contribute Bt100mn revenue this year. It targets 2016 revenue of Bt1.6bn with a 6% net margin. It is budgeting Bt100mn to invest in two garages. (Thun Hoon, 11/01/16)
COM7
COM7 expects 2016 net profit of Bt417mn (50% growth from 2015’s Bt281mn) backed by the switch to 4G by 10mn subscribers. (Khao Hoon, 11/01/16)
Comment: Waiting for the iphone7

Continue reading Stocks in the news (ah, bjchi, cho, com7, dtac, earth, ifs, kce, mcs, mtls, sawad, stec, tae, tfd, thcom, tsr, uac) 11.01.16