Tag Archives: nch

Stocks in the news (abc, anan, ap, asn, fn, hydro, jas, kbs, nch, pimo, spa, tacc, thai, vng, wice, xo) 26.09.16

ABC
ABC had presales of 30% or more than 10 units in ABOVE Sukhumvit 39 project worth Bt2.5bn. It expects presales to reach 70-80% this year and revenue to reach target of Bt2bn. It expects to turn to a profit and write off retained loss of Bt159mn this year. (Kao Hoon, 26/09/16)
Comment: Not really amazing numbers from this rather odd company
 
ANAN
ANAN expects good revenue in 2H16, supported by five new condos ready to be transferred with a total value of Bt14bn. It has backlog of Bt38.5bn and expects to book Bt11bn in 2H16. (Kao Hoon, 26/09/16)
Comment: If thats the case then 2016 revenues will be THB 16 bn, an increase from THB 11 bn in 2015. 
 
AP
AP expects 2H16 revenue to grow supported by backlog of Bt15.78bn. It will book Bt10.56bn over the rest of the year. This will lift revenue to its target of Bt23.7bn with presales of Bt31bn. (Kao Hoon, 26/09/16)
Comment: Similar to ANAN above, growing via JV’s with Japanese partners.
 
ASN
ASN expects 4Q16 to be peak due to high season and starting an online business in October. It expects 2016 revenue growth of 20-25% from Bt900mn in 2015. ( Thun Hoon, 26/09/16)
FN
FN plans an IPO of 250mn shares at par Bt0.50. It expects to add four branches at a cost of Bt500mn. (T hun Hoon, 26/09/16)
HYDRO
HYDRO expects to turn around next year as it has gotten a new job with a margin of at least 10%. It plans to bid for 44 new projects worth Bt6bn and has already gotten five. It has backlog of Bt690mn and is confident that 2016 revenue will grow 10% from last year. (Thun Hoon, 26/09/16)
Comment: Ah this lovely story, water company, should’ve been a winner but they haven’t executed anything since going public.

Continue reading Stocks in the news (abc, anan, ap, asn, fn, hydro, jas, kbs, nch, pimo, spa, tacc, thai, vng, wice, xo) 26.09.16

Stocks in the news (aot, beauty, chewa, ivl, nch, nwr, pttgc, ratch, samart, sithai, smart, ticon, tks, tsf, auct) 13.09.16

AOT
AOT opening bidding for four contracts for Suvarnabhumi Phase ll. It expects to solicit bids for two contracts this year and will sell the bidding documents in October. It expects to raise its passenger capacity to 60mn passengers per year from 45mn passengers per year now. (Thun Hoon, 13/09/16)
Comment: Having just returned from JKT on the late night flight you can see both the arrival and departure halls bustling with passengers. I would be surprised to see capacity issues hitting AOT within the next 12 months 
 
BEAUTY
BEAUTY expects 3Q16 earnings to be good, supported by more demand. It expects 2016 revenue to grow no less than 20% from Bt1.79bn in 2015. There is progress in talks regarding distributors in Hong Kong and Taiwan and it expects a decision in 4Q16. (Thun Hoon, 13/09/16)
CHEWA
CHEWA targets three-year revenue growth of 20% annually, supported by developing new projects and buying property projects that already have their EIA. It plans to launch its first lowrise project worth Bt500mn at the end of October. (Kao Hoon, 13/0 9/16)
Comment: Its an interesting smaller property developer. But as always with this business model, scalability is an issue
 
IVL
IVL has closed the deal for a JV with Dhunseri Petrochem Limited in India. This will lift PET capacity to 700K tons per year, making it India’s second-largest producer. (Thun Hoon, 13/09/16)
Comment: Another acquisition, he’s well on his way to catching up to Reliance, but is such a strategy necessarily good for minority equity shareholders?
 
NCH
NCH launches single-house project worth Bt680mn and has sold 24 units worth more than Bt78mn. (Kao Hoon, 13/09/16)

Continue reading Stocks in the news (aot, beauty, chewa, ivl, nch, nwr, pttgc, ratch, samart, sithai, smart, ticon, tks, tsf, auct) 13.09.16

Stocks in the news (bem, kbank, kce, ksl, lhk, mint, nch, pylon, ratch, sena, sgp, smpc, thana, tpch, wice) 25.08.16

BEM
BEM will negotiate with the BMTA for the Blue Line extension job in September. It accepts that passengers on the Purple Line are not meeting its target and pulling down revenue by Bt0.8mn per month. The BMTA has approved a reduction in average passenger fare of 30% to Bt14-29 and expects this to boost passenger load by 30% from 20K. (Kao Hoon, 25/08/16)
KBANK
KBANK expects leading to rise on recovery of automotive market. It expects new loans of more than Bt75bn or growth of 35% to bring total loans to Bt93bn. It expects profit to be a new high at above target of Bt682mn. (Thun Hoon, 25/08/16)
KCE
A Japanese fund is interested in investing in KCE and expects to make a decision soon. It will spend Bt200mn to renovate its factory at Ayutthaya, with operations starting back up in 4Q16. It targets 2016 revenue growth of 10% from 2015, supported by more orders. (Thun Hoon, 25/08/16)
KSL
KSL targets 2016 revenue growth of 20% thanks to an increase in sugar price (2016-2017) of 30% to US$0.21/pound from US$0.15/pound last year. It plans to expand its sugar mill and is bidding for a PPA biomass power plant. (Thun Hoon, 25/08/16)
Comment: Just as with the comment for KTIS, could it be time for the sugar co’s to perform?

Continue reading Stocks in the news (bem, kbank, kce, ksl, lhk, mint, nch, pylon, ratch, sena, sgp, smpc, thana, tpch, wice) 25.08.16

Stocks in the news (bem, bcp, btw, cho, fsmart, gl, hmpro, loxley, nch, ptt, sc, tks, tluxe, tse, uniq) 03.08.16

BEM
MRTA board approved hiring BEM to install a system at Taopoon-Bang Sue station for Bt63mn. It expects to sign the contract in September and finish the project within March 2017. It plans to negotiate with BEM to operate the Blue Line until 2042. (Kao Hoon, 03/08/16)
BCP
BCP negotiating with Indonesian partner to set up a geothermal power JV. It expects a decision to be made in September. It will continue to hold second place in its market with a share of 15%. It targets selling 320mn liters of oil per month or growth of 12% YoY. It expects 3Q16 GRM to average US$6-7/bbl. It plans to list its subsidiary in September or October. (Thun Hoon, 03/08/16)
BTW
BTW gets 2 solar farms with capacity of 10MW for Bt520mn. (Thun Hoon, 03/08/16)
CHO
CHO expects to get a big project valued at Bt800mn. It targets revenue growth of 10% and expects 2Q16 to show a profit thanks to more orders. It has backlog of Bt600mn, of which it has booked Bt400mn. (Thun Hoon, 03/08/16)
FSMART
FSMART has no effect from the cancellation of World Cup tickets and maintains its revenue target growth at 30%. It plans to expand to 90,000 Boon-Term machines nationwide. (Kao Hoon, 03/08/16)
GL
GL expects 2H16 earnings to step up after realizing profit from its JV in Indonesia. It targets loans to reach US$1bn within 2018 and will expand to Cambodia and Laos. (Thun Hoon, 03/08/16 )
Comment: The key driver for GL will still only be Cambodia, Laos and Indonesia will be too small to have an impact

Continue reading Stocks in the news (bem, bcp, btw, cho, fsmart, gl, hmpro, loxley, nch, ptt, sc, tks, tluxe, tse, uniq) 03.08.16

Stocks in the news (ait, cpf, cpn, epg, erw, ktc, mill, nch, ori, pttep, ratch, tnp, trc, tvt) 15.07.16

AIT
AIT has backlog of more than Bt3bn. It plans to bid for new jobs from both the government and private entities. It plans to announce a partner with which it will engage in data center operations in August. It is confident that 2016 revenue will reach Bt5.7bn. (Thun Hoon, 15/07/16)
Comment: Well then who is going to take the data center business given that the government is no longer going to do that stupid deal
 
CPF
CPF acquired 2.75mn shares of Norfolk at US$1.45/share for a total of Bt141mn. It expects this deal to complete in 3Q16. It expects this to be a milestone to broaden its food business in Sri Lanka and as an export base to neighbouring countries. (Khao Hoon, 15/07/16)
CPN
CPN and Central Department Stores in Bangkok have budgeted Bt100mn to hold a food festival tagged “Central Bangkok Taste of the World”. It expects this to attract 30% more tourists and bring in revenue of at least Bt500mn. (Khao Hoon, 15/07/16)
EPG
EPG expects 1QFY17 earnings growth over 15% YoY from profit of Bt287mn in FY2015 supported by more orders. It expects FY2016 revenue of Bt10-11bn. It has budgeted Bt1bn to buy machinery to enable it to expand its business to ASEAN. (Thun Hoon, 15/07/16)
ERW
ERW expects 2Q16 earnings to be good thanks to tourism recovery which has given high occupancy rates. It is budgeting Bt1.7bn to expand HOP INN in Thailand and abroad. It is confident that 2016 revenue will grow no less than 15%. (Thun Hoon, 15/07/16)
Comment: The question on everyone’s mind is when will they launch their REIT

Continue reading Stocks in the news (ait, cpf, cpn, epg, erw, ktc, mill, nch, ori, pttep, ratch, tnp, trc, tvt) 15.07.16

Stocks in the news (advanc, dtac, gpsc, gunkul, jwd, kcm, kkp, lpn, nch, ptg, pttep, solar, spcg, top, tru, vng) 25.05.16

ADVANC
ADVANC has confirmed that it will be bidding for the 900MHz on May 27 with a bid of Bt75.65bn. (Kao Hoon, 25/5/16)
DTAC
DTAC unfazed by more 4G competition — The country’s second-largest mobile operator shrugged off increased competition from its rivals, saying that Advanced Info Service (AIS) and True Move will also face high licensing-based fourth-generation (4G) spectrum costs similar to DTAC’s. (Bangkok Post, 25/5/16)
GPSC
GPSC is confident that it will have IPP and SPP capacity of more than 1922MW and stream production of 1,582 tons/hour within 2019. ( Thun Hoon, 25/5/16)
GUNKUL
GUNKUL has backlog of Bt1.5-1.6bn. It expects to get more jobs to construct solar farms. It expects 2016 revenue growth of 20-30%. (Kao Hoon, 25/5/16)
Comment: Quite the drop in backlog for GUNKUL but because they already have invested and built/are completing their projects I don’t think management quite cares to focus on new projects .
 
JWD
JWD and JB TRADING are setting up a JV to develop a warehouse in Laos which has area of 3,200sqm and total cost of Bt75mn. It expects to finish and book revenue in 2017. (Kao Hoon, 25/5/16)

Continue reading Stocks in the news (advanc, dtac, gpsc, gunkul, jwd, kcm, kkp, lpn, nch, ptg, pttep, solar, spcg, top, tru, vng) 25.05.16

Stocks in the news (bay, bsm, cpf, demco, jas, jsp, kool, mill, pylon, ratch, sgp, super, tpch, trc, tu) 03.03.16

BAY
BAY targets loan growth of 7% mainly corporate loans in Thailand and Japan. It expects revenue from fees to grow, offsetting lower NIM. It expects NPLs in 2016 of not over 2.5% and plans to sell Bt2-3bn in NPLs. It plans to issue a debenture worth no less than Bt10bn to bring Tier 2 capital to near 2%. (Thun Hoon, 03/03/16)
Comment: Could this bank join the ranks BBL, KTB, SCB, KBANK? I wouldn’t bet against it given the new shareholder
BSM
BSM reported net profit in 2015 of Bt14.62mn, up 10%, supported by increase in domestic and export sales. It will pay a dividend of Bt0.0033/share, XD on May 9 and payment on May 25. The board approved a capital increase and warrant issue. (Thun Hoon, 03/03/16)
CPF
CPF is budgeting Bt500mn to expand its swine farm. It targets revenue of Bt30bn in 2016. (Kao Hoon, 03/03/16)
CPN
CPN will start building Central i-City Malaysia worth more than Bt8.5bn. It expects to finish in 2018. (Kao Hoon, 03/03/16)
Comment: A regional shopping mall player in the making.
DEMCO
DEMCO expects earnings in 1Q16 continue to in the red after it lost opportunity to produce electricity. (Kao Hoon, 03/03/16)
Comment: No surprises here, more curious to see how 2Q16 plays out.
JAS
JAS stock price was up even if it does not get a 4G license. Investors view the abandoning of a license as positive, as it means it will not take on a debt load of Bt100bn and thus limits losses. JAS plans to deal with AIS and TOT to push “fixed broadband”. (Kao Hoon, 03/03/16)
Comment: Well. Ok.

Continue reading Stocks in the news (bay, bsm, cpf, demco, jas, jsp, kool, mill, pylon, ratch, sgp, super, tpch, trc, tu) 03.03.16

Stocks in the news (aot, ba, bch, eforl, epg, hmpro, jas, kbs, nch, ncl, noble, ori, pf, phol, samart, spcg, syntec, takuni, tasco, ticon, tk, true, tse) 02.03.16

AOT
AOT will open Don Mueang Airport Terminal 2 on Mar 8. This terminal can handle up to 30mn passengers annually. It expects 2016 passenger growth of 26%. It expects Don Mueang and Phuket airport to contribute additional revenue of Bt1bn in 2016. (Khao Hoon, 02/03/16)
Comment: Plus you do have phuket opening as well, the growth here has just been amazing, as a friend reminded me this morning, only 2% of china’s population is currently traveling..
BA
BA expects 2016 net profit to mark a record high from 2015’s Bt1.79bn. It expects revenue to grow 10-11% from lower oil price and more passengers. It is talking to 7-8 international airlines to increase its alliances. (Khao Hoon, 02/03/16)
Comment: They are posting relatively amazing numbers versus what AAV, THAI and Nok has.
BCH
BCH reported three-year best for net profit from lower loss from WMC. It targets 2016 earnings to be good because WMC is expected to reach breakeven in 2H16. (Thun Hoon, 02/03/16)
EFORL
EFORL reported 2015 revenue growth of 211%. It will pay a dividend of Bt0.203/share. It plans to cooperate with BORSAM to be a distributor of portable electrocardiographs. It plans to launch cosmetic products carrying the Wuttisak brand. (Khao Hoon, 02/03/16)
Comment: No real surprise re the earnings growth as it’s been known for the past 2 years that Wuttisak was coming in and will be spun off.

Continue reading Stocks in the news (aot, ba, bch, eforl, epg, hmpro, jas, kbs, nch, ncl, noble, ori, pf, phol, samart, spcg, syntec, takuni, tasco, ticon, tk, true, tse) 02.03.16

Stocks in the news (ccp, ecf, gold, nch, ptg, sappe, super, stec, tmill, tpch, tsr, tvd, tvo, vng, xo) 08.02.16

CCP
CCP expects public projects to fill its backlog this year after orders for motorway projects are added to its backlog. It expects to get private projects, which will increase its gross margin to 5%. It expects the Thai-China dual-track project to progress. (Thun Hoon, 08/02/16)

ECF
ECF expects solar farm ECF-Tamado Energy GK in Japan to contribute revenue soon after operational startup. For the furniture business, it expects to expand its market at home and abroad by increasing distribution channels. It expects revenue from its core business to grow 10- 12%. For its retail business, 100 Yen Can do, It plans to open booths in 10 department stores. (Thun Hoon, 08/02/16)

GOLD
GOLD plans to set up Bt10bn REIT, selling Sathorn Square and Park Venture into it. It expects a decision to be made by 1Q16. It expects this to gain Bt4.5bn in cash. It expects its FYI office center to contribute Bt631mn in revenue in this year. (Thun Hoon, 08/02/16)
Comment: That’s slightly inaccurate reporting, it’s UV and GOLD together setting up a REIT and it should be completed shortly.

NCH
NCH expects 1Q16 earnings to be good, backed by property incentives. It targets 2016 revenue of Bt2bn driven by transfers. It plans to launch a Bt2bn new project. (Thun Hoon, 08/02/16)
Comment: Arguably this is the last decent quarter that developers may show profit wise for the year, although given that pre-sale launches were minimal over the past 2 years since the coup, some are betting that we’ll begin to see huge presale #’s this year.

Continue reading Stocks in the news (ccp, ecf, gold, nch, ptg, sappe, super, stec, tmill, tpch, tsr, tvd, tvo, vng, xo) 08.02.16

Stocks in the news (akr, atp30, beauty, ck, ivl, jmt, major, nch, oishi, pca, smt, tpoly, tsr, tvt) 08.01.16

AKR
AKR says foreign investors are interested becoming partners to invest in alternative energy. It expects 4Q15 earnings to mark a record high backed by numerous orders. It targets 2016 revenue to grow not less than 25% thanks to Bt6bn in bids. It expects the government to approve solar farm projects. It plans to invest in 40MW. It plans to expand to ASEAN. (Thun Hoon, 08/01/16)
Comment: Well its a natural step forward for them as they are trying to shift away from being a project based only company

ATP30
ATP30 expects 2016 net margin to double from 2015’s (5% in 2015 to 10% in 2016). It expects to make a decision whether to invest in or acquire a logistics business within mid-2016. It expects to invest be not less than Bt100mn. (Khao Hoon, 08/01/16)

BEAUTY
European investors are interested in BEAUTY shares because of its strong fundamentals and growth. It expects 2016 revenue growth of 20% aided a broader customer base at home and abroad. (Thun Hoon, 08/01/16)

CK
CK expects to report 2015 net profit of Bt2.39bn. It plans to take part in Bt600bn public project bids. (Khao Hoon, 08/01/16)

IVL
IVL has agreed to acquire BP Chemical’s Alabama plant (720 KMT PX, 1,020 KMT PTA, and naphthalene dicarboxylate or NDC) within 1H16. (Khao Hoon, 08/01/16)
Comment: We do wonder how on earth IVL will reach it’s warrant exercise prices in the next 2 years.

Continue reading Stocks in the news (akr, atp30, beauty, ck, ivl, jmt, major, nch, oishi, pca, smt, tpoly, tsr, tvt) 08.01.16