AOT to put Suvarnabhumi airport phase 2 up for auction, This project is valued at Bt16.7bn (Khao Hoon, 23/3/16)
Berli Jucker Plc’s (BJC) shareholders okay buying BIGC. Shareholders have voted in favour of a $6.2 billion acquisition of hypermarket operator Big C Supercenter Plc from France’s Casino Group, sources told Reuters. (The Nation, 23/3/16)
Comment: Boom and now they have BIGC in Thailand and Metro in Vietnam, don’t be surprised to hear about expansions into Laos and Cambodia next.
CCP is confident that 2016 revenue will reach Bt2.6bn with Bt2.485bn backlog. It plans to join auctions worth Bt3bn. (Khao Hoon, 23/3/16)
EFORL handed letter to SEC regarding internal control of Wutthisak Clinic Inter Group. It is planning to list its subsidiary on the market. (Thun Hoon, 23/3/16)
Comment: Well priced in by the market for years…
BCH expects double digit growth in this year. It plans to expand its customer base, focusing especially on SSO and foreign clients. It expects 2016 net profit to be good as WMC breaks even in 2H16. (Thun Hoon, 03/02/16)
Comment: I think I’ve been reading about this WMC breaking even for the past….4-5 years now?
ESSO plans to invest in high return businesses to wipe out retained losses of Bt8.35bn. It targets oil retail sales to grow 9% because of high demand as oil prices fall. It plans to launch Diesel Plus and gasohol E20 in order to raise margin. (Thun Hoon, 03/02/16)
Comment: If you look at what just happened to Shell Malaysia, it makes one a bit worried about touching any oil related names @ the moment (Shell HQ sold their 51% stake in the m’asia listed co @ a 65% discount to mkt price..)
GC is talking to a prospective local partner to launch new products. It expects a decision to be made soon. It targets 2016 revenue growth of 5%, supported by large numbers of orders and a weaker baht. (Thun Hoon, 03/02/16)
JASIF will pay 4Q15 dividend of Bt0.22/share, PD on March 2. This brings 2015 dividend to Bt0.74/share or 8.31% dividend yield. (Khao Hoon, 03/02/16)
Comment: JAS is looking forward to receiving some $
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.
BEAUTY targets to maintain gross margin of 69%. It plans to introduce a new product in 3Q15. 2H15 is expected to be good thanks to seasonality. The plan to set up a distributor in Indonesia is expected to be finalized in 3Q15. It expects Bt1.7bn revenue from abroad this year. (Thun Hoon, 23/06/15)
Comment: Since templeton bought in, share price hasn’t gone anywhere, a sign of a peak perhaps?
CGS is dealing with Neo & Partners Global, a Singapore partner to introduce a new innovation, DMA for investors who trade stocks and derivatives via the Internet. (Thun Hoon, 23/06/15)
Comment: Zzzz no impact on earnings.
FPI expects 2Q15 earnings to grow, backed by numerous orders and the baht depreciation. It targets 10% revenue growth in 2015. It plans to increase production utilization to 85% after warehouse is finished. (Khao Hoon, 23/06/15)
GFPT is confident 2Q15 earnings will beat forecasts. It expects 5-10% export growth and 7-8% revenue growth this year. It plans to expand poultry farms in the second half of the year. (Khao Hoon, 23/06/15)
Comment: Still the best chicken co in town.
Buy(s) THB 117 mn
- BA – And the owner continues to buy more and more shares back in BA
Sell(s) THB 2 bn
- MK – The founding family has sold off its shares in MK to a new group, it’s a deal that has been sitting on Ibankers tables for the past 1.5 years, haven’t heard anything about this new group, but wouldn’t be surprised to read solar/renewable projects coming through.
- ITD – The founder sells off a decent chunk of shares, why? Infrastructure not working out? Or just an expensive stock price?