Names today: CHG, COM7, CPN, DRT, EFORL, JTS, KC, KTC, MC, NYT, PLANB, PTT, PYLON, SLP, SMT, TCMC, TPAC
CHG expects to acquire one hospital this year. It expects 1-2 deals to be concluded next year. It expects its expansion plan to raise revenue by 18-20% this year from 2014’s Bt2.7bn. It expects net profit to grow 15% from 2014’s 480mn. Both local and foreign investors are interested in CHG shares. (Thun Hoon, 21/10/15)
Comment: Hence why CHG being viewed as a future BDMS. It does beg the question, why did management sell so many shares between 11-12 baht (pre stock split)
COM7 expects to benefit from launch of iPhone 6S. It expects this to increase sales and net profit in 4Q15. It expects 3Q15 earnings of Bt59mn. It expects 2015 net profit of Bt271mn (+29%). (Khao Hoon, 21/10/15)
Comment: As commented yesterday, buy on the Iphone releases (we call this funnymentals)
CPN expects 2015 revenue to grow 10%. It plans to open CentralFestival Eastville valued at Bt6bn on Nov 27. It has budgeted Bt300mn for a marketing campaign to boost sales in 4Q15. (Khao Hoon, 21/10/15)
DRT expects 2015 net profit to be better than last year. It targets 2016 revenue growth of 5%. It expects government stimulus to lift sales in 4Q15. It plans to increase capacity. (Thun Hoon, 21/10/15)
Buy(s) THB 108 mn
- SCC – Quite the story last week with SCB having to sell of their stake in SCC to cover the losses from SSI, no surprise that K. Yos took advantage of the volatility
- AUCT – And he’s still at it, he is adamant that AUCT will dominate the world at one point. We aren’t…
- RS – The owner is a constant buyer at these levels
Sell(s) THB 1,867 mn
- NYT – HUGE sale for NYT, we don’t know if its a switch to a personal holding company or a shipping co (new listings say NYK Limited)
- JAS – Any surprise that the owner is selling? Nope.
ADVANC reported 2Q15 net profit of Bt9.8bn (16% growth) backed by higher service revenue and mobile phone sales. It will pay a dividend of Bt6.5/share, XD on Aug 11. It revised down 2015 target growth from 3-4% to 3%. (Khao Hoon, 04/08/15)
AJD is talking to prospective Chinese partner (Alibaba) to invest in logistics and Ecommerce in Thailand. It is considering an alternative for this JV such as capital increase via PP, or setting up a subsidiary. It expects conclusion by the end of this year. (Thun Hoon, 04/08/15)
Comment: I have my doubts that Alibaba would partner with AJD
ARROW expects 2Q15 earnings to be close to 1Q15’s Bt62.16mn. It is confident 2015 revenue will reach Bt1.2bn, backed by numerous orders. It has received BoI promotion for its product (tube for underground wire), which it plans to introduce in 3Q15. It targets revenue of Bt20mn from this product. (Thun Hoon, 04/08/15)
Comment: A wonderful grower in the past 2 years, the only question here is capacity constraint going to be an issue?
BDMS expects 2Q15 earnings of Bt1.5bn aided by local and international patients. 2H15 net profit is expected to be higher than Bt3.7bn. (Khao Hoon, 04/08/15)
Japanese investors are interested in AJD shares, talking with FA to do a takeover.Management is confident 2015 earnings will double, backed by increasing set-top box sales and booking revenue from two subsidiaries. (Thun Hoon, 21/07/15)
BSM expects to list subsidiary within two years. It is talking to a prospective partner to broaden its customer base. A JV with KCM is expected to be finalized in 3Q15. It targets 2015 revenue to grow 20% backed by a good performance in 2H15. (Thun Hoon, 21/07/15)
CEN plans to acquire DIMET shares through UWC, its subsidiary, by doing a tender offer priced at Bt3.6 per share. It expects this deal to increase customer base and revenue. (Thun Hoon, 21/07/15)
Comment: This acquisition is going through a few levels, I don’t quite see the value in CEN using UWC to buy DIMET which hasn’t performed well as a company for years.
EMC expects to sign contract for a Bt2bn BTS station project in 2H15. 2Q15 performance is expected to be positive from 1Q15 losses of Bt23.81mn aided by huge orders and property business. Management guarantees a turnaround performance this year. (Thun Hoon, 21/07/15)
Given the way December ’14 performed I thought it would be more interesting to present all the transactions that occurred during the month.
Buy(s) THB 6bn
- AAV, RS, CENTEL, BA, LIVE, M-CHAI, NBC, BA, STA, CPF, MC, EARTH, BBL, BLA, EARTH, AKR, PACE, TH
Sell(s) THB 10 bn
- RS, AAV, CGD, AP, NYT, SCC, TUF, KIAT, ABC, NMG, JMART, GRAMMY, ITD, BSM, CEN
The SET has announced the semi-annual index review results for the SET50, SET100 & SETHD indices to be effective the first half of 2015 (Jan 1 – Jun 30).
SET50 Index (SET50):
- 4 ADDED: CK, HEMRAJ, KTIS & SPALI
- 4 DELETED: BLA, GLOBAL, KKP & THCOM
SET100 Index (SET100):
- 10 ADDED: ANAN, DEMCO, HANA, ICHI, KTIS, PTG, SAWAD, SF, SGP & SIM
- 10 DELETED: BLA, DCC, ESSO, MCOT, NYT, RS, SRICHA, TASCO, THRE & WHA
SET High Dividend 30 Index (SETHD):
- 2 ADDED: JAS & SGP
- 2 DELETED: KCE & RS
Namyong Terminal Plc (NYT) is a roll-on/roll-off (Ro/Ro) and general cargo terminal operator at Laem Chabang port.
Listed on the Stock Exchange of Thailand last November, the company accounts for the highest volume of cars exported via terminals in Thailand. Chief executive Theparak Leungsuwan discusses the company’s strategy and outlook.
What is NYT’s business model?
NYT is a fully integrated Ro/Ro operator of Terminal A5 and also holds a 20% investment in Terminal C0, with berths and servicing areas located at Laem Chabang port in Chon Buri’s Si Racha district, Thailand’s main deep-sea port for international marine transport. The services we provide include terminal services, car storage areas and warehousing, and other services related to our core business.
Theparak: Main risks are natural disasters
Who are NYT’s customers?
Our customers are both car makers and shipping lines, for which we focus on providing the best-quality services. We’ve worked closely with the car makers to create an integrated IT system that allows us to report to them on a daily basis the location and status of their vehicles. For the shipping lines, we provide services related to berth use for docking their vessels and for moving cars or cargo on and off their vessels.
Indonesia has a wonderful problem when compared to Thailand they can invest and invest and experience a huge growth in the automotive sector, similar to what Thailand has had in the past decade. Once their infrastructure is completed and on an acceptable level for automotive manufacturers to invest and for the automotive eco-system to exist there as it does in Thailand, then Thailand can worry, but that may be another…10 years away. So when I see that Indonesian sales are doing well I can actually spin this positively as the majority of car parts for Indonesian are manufactured in Thailand, so for now NYT, AH, STANLY, SAT can all relax.
Indonesian sales will total about 1.2 million in 2014, versus 1 million in Thailand, said Tim Zimmerman, the Singapore-based president of Southeast Asia operations for General Motors Co., the world’s second-biggest carmaker. Vehicle sales in Indonesia rose 6.6 percent in the first half, while they slumped 40 percent in Thailand, according to data compiled by Bloomberg.