Tag Archives: ncl

Stocks in the news (acap, centel, chow, demco, epco, epg, ifec, jas, lh, ncl, nncl, plat, prin, rs, spali) 21.09.16

ACAP
ACAP raising loan target to Bt3.5bn from Bt2bn. There is progress in its plan to expand abroad and it expects to wind up a deal with two partners in Cambodia. It plans to issue a debenture worth Bt1bn with interest rate at 5.6%. The call center business continues to grow. (Thun Hoon, 21/09/16)
CENTEL
CENTEL expects 4Q16 to be good, supported by high season. It expects 2016 earnings to grow in line with growth in tourism. Recently, it agreed to join with PTT to study placing a hotel in service stations. (Thun Hoon, 21/09/16)
CHOW
CHOW expects 3Q16 earnings to be good and lead to growth in 2016 revenue and profit. It has Bt3.36bn in loans from EXIM Bank to invest in a 70MW solar farm in Japan. It plans to list CHOW Energy on mai this year. (Kao Hoon, 21/09/16)
Comment: Quite the development but not a surprise given their strategy 
 
DEMCO
DEMCO won EGAT project worth Bt1bn which will expand its backlog to Bt8bn. It plans to bid for another new job. It expects 2016 revenue to grow 15% from last year supported by more jobs waiting to be booked. (Thun Hoon, 21/09/16)
Comment: Question is still how much more money will they lose from fixing those wind turbines? A gambling man may be willing to take a bet that 3Q could actually show a profit for the first time this year.

Continue reading Stocks in the news (acap, centel, chow, demco, epco, epg, ifec, jas, lh, ncl, nncl, plat, prin, rs, spali) 21.09.16

Stocks in the news (amata, banpu, big, bkd, dcon, ekh, kiat, modern, ncl, pace, pf, pimo, rjh, sena, spcg, tcmc, tmill, vibha) 02.09.16

AMATA
AMATA expects 2016 land sales to hit target of 1,000 rai. It has land of 1,000 rai to support investment. It is confident that total revenue will grow no less than 5% supported by its backlog of more than Bt1.3bn. (Thun Hoon, 02/09/16)
BANPU
BANPU plans to COD 118MW this year, with full year capacity of more than 2000MW. Recently, it worked with twelve universities to install solar roofs. It expects 2016 revenue to reach target of Bt120bn backed by coal price recovery. (Thun Hoon, 02/09/16)
BIG
BIG expects 2H16 profit of more than Bt560mn, increasing 200% YoY, supported by introduction of a new mirrorless camera and a Big Pro Days event to raise sales. (Kao Hoon, 02/09/16)
Comment: Looking forward for next year, if they can’t expand their network then growth numbers may drop to single digits
 
BKD
BKD plans to book extra item of Bt400mn from sale of land in 2Q17 after the board approved the sale of 19 rai at Krungthepkritha for Bt487mn. If the company does not reinvest the money, it will use it to pay a dividend. (Kao Hoon, 02/09/16)
Comment: Well if they pay out the entire proceeds from the land sale then it would be more than a 10% special dividend
 
DCON
DCON expects 4Q16 to be peak supported by more orders and booking revenue from the sale of land. It is confident that 2016 revenue will be better than last year. It expects 2016 revenue of no less than Bt1.1bn. It plans to expand production lines and list a subsidiary in 2018. (Thun Hoon, 02/09/16)
EKH
EKH expects 2016 revenue and profit to be a new high. It expects revenue growth of 15% backed by more patients and expects 2H16 earnings to grow more than 1H16 due to high season. It expects 3Q16 earnings to be a new high. It plans to build a new pediatric center next year. (Kao Hoon, 02/09/16)

Continue reading Stocks in the news (amata, banpu, big, bkd, dcon, ekh, kiat, modern, ncl, pace, pf, pimo, rjh, sena, spcg, tcmc, tmill, vibha) 02.09.16

Stocks in the news (abc, aqua, atp30, banpu, chow, ck, color, cwt, ekh, epco, jsp, jwd, htc, ktc, max, ncl, sappe, solar, sr, tk, tkn, tsth, uac) 17.08.16

ABC
ABC is confident that 2016 will turn around and targets 2016 revenue of Bt2bn. It plans to launch Above Sukhumvit 39 project on Sep 9 and hold a grand opening for ABC World on Dec 12. (Kao Hoon, 17/08/16)
Comment: Will this condominium be sold via their online channels with pet stores and solar panels?
 
AQUA
AQUA reported 2Q16 profit of Bt92mn or growth of 38% YoY and 1H16 profit of Bt172mn. (Kao Hoon, 17/08/16)
ATP30
ATP30 expects to get Bt500mn in projects, with finalization in August. It expects this to increase revenue by 30%. It targets 2016 revenue to grow 15% to Bt300mn supported by large orders and cost control. (Thun Hoon, 17/08/16)
BANPU
BANPU has set its five year investment plan at US$557mn, with a focus on the power business. It expects net profit to return to the black this year with an EBITDA of US$500mn. It plans to implement cost control as well as improve production and logistics efficiency. It expects coal price to be better in 2H16 and for the coal business to contribute revenue of US$2.2bn. (Thun Hoon, 17/08/16)
CHOW
CHOW reported significant earnings growth in 1H16 backed by recovery in the steel industry and its Japan power plant. It expects 2016 revenue to be good brought by steel business and power business, of which 80MW is being constructed. (Thun Hoon, 17/08/16)

Continue reading Stocks in the news (abc, aqua, atp30, banpu, chow, ck, color, cwt, ekh, epco, jsp, jwd, htc, ktc, max, ncl, sappe, solar, sr, tk, tkn, tsth, uac) 17.08.16

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 (advanc, arrow, banpu, bts, chg, css, gel, ifec, jubile, lalin, ncl, thai, thani, tluxe, tnp) 13.06.16

ADVANC
ADVANC expects to revise down its 2016 revenue target because of paying Bt75bn for its 4G license. It will make the first payment of Bt8bn with bank guarantee in June. Its cash on hand is Bt60bn. It is budgeting Bt40bn for network expansion. It says its dividend payout ratio will still be 100%. (Khao Hoon, 13/06/16)
Comment: It appears that they still don’t have clear visibility on what the dividend payout structure will be for 2017 and onwards yet.
ARROW
ARROW expects 2Q16 earnings to be better than 2Q15 because of cost control and high margin products. It targets 2016 revenue of Bt1.4bn with a record high net profit. It plans to take part in conduit project in Suvarnabhumi phase 2 in July. It has budgeted Bt60bn to invest in new plants. (Khao Hoon, 13/06/16)
Comment: They’ve continued to confound most people with their growth, if the 1Q is anything to go by then FY16 net profit could be ~300 mn, ~25% growth YoY. 
BANPU
BANPU expects 2016 net profit of Bt1.2bn backed by Hongsa power plant. It plans to list BANPU Power in 2H16. It expects to benefit from newly issued ordinary shares which increase its market cap. (Khao Hoon, 13/06/16)
BTS
BTS plans to take part in 5 extension lines. It targets FY2017 revenue growth of 10%. It is budgeting Bt7.6bn to buy new carriages and land. (Khao Hoon, 13/06/16)
CHG
CHG expects 2Q16 net profit to be good aided by more patients and higher revenue from acquiring Ruampat Rayong Hospital. (Thun Hoon, 13/06/16)
Comment: A smaller BDMS in the making?

Continue reading Stocks in the news (advanc, arrow, banpu, bts, chg, css, gel, ifec, jubile, lalin, ncl, thai, thani, tluxe, tnp) 13.06.16

Stocks in the news (anan, atp, color, gunkul, inet, jas, jmt, ktis, ncl, phol, ptg, richy, sena, singer, tkn, tmill, vgi, xo) 18.03.16

ANAN
ANAN has achieved Bt3.6bn in presales from Aston Silom Condo (60% of total). It is interested in joining the “Baan Pracharat” project. It targets 2016 sales of Bt21bn. (Khao Hoon, 18/03/16)
Comment: According to management, they are going to report slower pre-sales than before because they’ll hold some inventory to make more $

ATP
ATP targets 2016 revenue of Bt310mn (15% growth). It is talking with four clients, with a decision expected by 2Q16. This will increase its clients to 30. It has put off its plan to acquire a hazardous waste handler. (Khao Hoon, 18/03/16)

COLOR
COLOR targets 2016 revenue to grow 7-8%, backed by numerous orders. It expects exports to comprise 20%, focusing on ASEAN, Australia, and Europe. (Khao Hoon, 18/03/16)

GUNKUL
GUNKUL reports its subsidiary that is engaged in the wind power business began operations at its wind power plants (Sub-Plu Wind farm1&2) on March 17. (Khao Hoon, 18/03/16)

INET
INET expects to benefit from government IT plans in 2Q16 including village internet, digital economy, 4G, and educational and corporate Internet. It expects to get cloud solutions and data center projects. It expects new clients to reach 700 companies. It expects 2016 revenue to be higher than Bt800mn. (Thun Hoon, 18/03/16)
Comment: The digital economy story has gone quiet for a while but companies such as INET, ILINK and even WHA are going ahead with building data centers.

Continue reading Stocks in the news (anan, atp, color, gunkul, inet, jas, jmt, ktis, ncl, phol, ptg, richy, sena, singer, tkn, tmill, vgi, xo) 18.03.16

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 (bwg, ilink, irpc, ksl, ncl, nwr, ptt, rs, sena, solar, sricha, tpch, trc, tse, tu, vibha) 15.12.15

BWG
BWG plans to expand waste power plants by 50MW. It targets 100MW within five years. It expects 2016 revenue to be good backed by Bt100-200mn revenue from selling electricity, beginning in 3Q16. It plans to list its subsidiary. (Thun Hoon, 15/12/15)
Comment: They do seem to have a lot of momentum behind over the past few years. I do remember a decade ago BWG had several issues w/ environmentalists and local residents but it seems to have been able to move on.

ILINK
ILINK expects to get projects from ADVANC, DTAC and TRUE (rental of fiber optic cable). It expects 2015 revenue to be higher than Bt3bn and expects to grow significantly next year. It expects to get Bt10bn new projects. (Thun Hoon, 15/12/15)
Comment: ILINK’s stock, like several others, just collapsed in the last 2 weeks but there are still going to benefit from all this IT expansion that Thailand has.

IRPC
IRPC expects UHV project to start up in 2Q16. It expects this to increase its refinery efficiency. It is talking to PTTGC about an M&A. (Khao Hoon, 15/12/15)

KSL
KSL expects 2016 revenue growth of 5-10% backed by increase in sugar cane production from 8.6mn tons to 9mn tons. It expects sugar price to be stable at US$0.14-0.15/lb. It plans to invest in the power business with TSE. It has budgeted Bt800mn to expand ethanol plants. (Thun Hoon, 15/12/15)

NCL
NCL expects 4Q15 net profit to be positive. It expects to get Bt100mn in domestic freight. It is considering investing in Indonesia, Vietnam, and Cambodia. It expects exports to comprise 50%. It expects 2016 revenue to grow 30%. (Thun Hoon, 15/12/15)

Continue reading Stocks in the news (bwg, ilink, irpc, ksl, ncl, nwr, ptt, rs, sena, solar, sricha, tpch, trc, tse, tu, vibha) 15.12.15

Stocks in the news (ap, beauty, becl, bmcl, bem, cbg, ck, daii, demco, ea, eastw, ifec, jsp, mono, ncl, planb, samart, seafco, sprc, tfg, tmill, ureka) 09.12.15

AP
AP and Mitsubishi launched Life Pinklao project, valued at Bt3.1bn on Nov 21. It expects this to achieve presales of 40% by this year. It expects this to support demand for premium condo in this location. (Khao Hoon, 09/12/15)

BEAUTY
BEAUTY expects 4Q15 earnings to peak on seasonality and large orders. It expects 2015 revenue to grow 20% from 2014’s Bt1.38bn thanks to a broader customer base both local and overseas. Management plans to introduce a new business plan in January 2016. (Thun Hoon, 09/12/15)
Comment: And they continue to buck the trend by posting great SSSG numbers

BECL/BMCL The cabinet has approved the amalgamation of BECL and BMCL with a new ticker, BEM. BECL will hold a joint shareholder meeting (BECL-BMCL) on Dec 28. Trading in BECL and BMCL shares will be suspended from Dec 21-30. (Thun Hoon, 09/12/15)
Comment: I am absolutely curious to see if BEM will become a must have investment for institutional investors, it just sounds right.

CBG
CBG is talking to a prospective partner in Indonesia which it expects to finalize in 1Q16. It expects this to increase its exports. It expects 2015 net profit to mark a new high backed by numerous orders. It expects 2016 revenue to grow 10% from this year. (Thun Hoon, 09/12/15)
Comment: We’ve heard this story before….ICHI, SAPPE, “we’re expanding to indonesia and growth will be amazeballs” Neither of the two have exactly panned out just yet, such things take years of development and marketing

CK
CK bids lowest for Bt23.4bn dual-track project (Jira – Khon Kaen). It expects to sign the contract with the SRT this year, as well as the Chachoengsao – Kang Koi dual-track project. It expects the SRT to ask approval from the cabinet on Dec 15. (Khao Hoon, 09/12/15)
Comment: They are carving up the pie nicely, first STEC, now CK, so now its either ITD or UNIQ that wins the next project

Continue reading Stocks in the news (ap, beauty, becl, bmcl, bem, cbg, ck, daii, demco, ea, eastw, ifec, jsp, mono, ncl, planb, samart, seafco, sprc, tfg, tmill, ureka) 09.12.15