Tag Archives: ocean

Stocks in the news (aav, bay, bigc, centel, ck, com7, cpf, cwt, gold, ichi, ocean, uwc) 09.09.16

AAV
AAV expects 3Q16 to grow 20%, driven by Chinese tourists. It plans to open four more routes after already adding 10 routes this year. It is ready for the AOC assessment on Sept 12. (Thun Hoon, 7/9/16)
Comment: A discussion with the founder, T.F., indicates that he’d like to take back all of the Air Asia’s that aren’t fully under his control. I wonder what the outcome shall be for Air Asia Thailand
 
BAY
BAY goes for home loans with interest rates of 4-5% for seven years. It targets new home loans to grow from Bt52bn to Bt65bn and limited NPLs at 2.5-2.6%. (Khao Hoon, 9/9/16)
Comment: This is an amazing movement, don’t be surprised to see more and more clients shift to BAY
 
BIGC
BIGC to renovate Mahachai branch for Bt100mn. It plans to expand the area by 15,920 square meters. (Khao Hoon, 9/9/16)
CENTEL
CENTEL expects to perform well in 2H16, driven by its food business. It plans to expand its business abroad and buy a hotel in Dubai. (Thun Hoon, 7/9/16)
CK
CK increases revenue target to Bt44-45bn from Bt35-38bn. It plans to bid in the Bt200bn government project bids, lifting its backlog above Bt100bn. It says 2016 earnings will be better than 2015. (Thun Hoon, 7/9/16)
COM7
COM7 expects iPhone7 to boost sales. The iPhones will be available at stores around October this year. (Khao Hoon, 9/9/16)
Comment: It had a little pop pre the iPhone7 announcement but the market just took it down with everything else.

Continue reading Stocks in the news (aav, bay, bigc, centel, ck, com7, cpf, cwt, gold, ichi, ocean, uwc) 09.09.16

Stocks in the news (ap, big, egco, maco, ocean, phol, ptt, qtc, sutha, top, tvt, vih, wice) 22.07.16

AP
AP expects 2H16 earnings to be good supported by first time booking revenue from JV with Japanese partner. It expects revenue from the JV to increase in 2017. It plans to launch 13 new projects worth Bt25bn in 2H16, which will help it meet its presales target of Bt31bn. (Thun Hoon, 22/07/16)
BIG
BIG expects 2H16 to be outstanding due to high season and two big fairs. It plans to add four branches by the end of 2016. (Thun Hoon, 22/07/16)
Comment: This has been a learning lesson for us, let the market take this company up despite that fact that you can run any DCF even with high growth #’s and not attain the valuation that it’s trading at today. PEG Ratios…gotta love ’em…
 
EGCO
EGCO has booked more revenue from new tariff for the geothermal power plant in Indonesia which has capacity of 227MW. It has set a 2016 investment budget of Bt22bn to acquire power plants. (Thun Hoon, 22/07/16)
MACO
MACO expects 2H16 to be better than first half supported by new mass transit lines and high season. It is confident that 2016 revenue will grow more than 15%. (Thun Hoon, 22/07/16)
OCEAN
OCEAN expects 2016 revenue to grow and turn to profit. It will focus on expanding its business abroad. It expects cost to decrease more than 50% in 2017 after opening its own showroom and installing solar panels. (Khao Hoon, 22/07/16)
Comment: What is this water company doing with solar panels? Solar powered water showers? 

Continue reading Stocks in the news (ap, big, egco, maco, ocean, phol, ptt, qtc, sutha, top, tvt, vih, wice) 22.07.16

Stocks in the news (ba, com7, ea, jmt, ocean, ptt, ratch, sappe, sf, siri, tcap, tmt, tvd, xo) 20.06.16

BA
BA expects 2016 revenue and net profit to mark a record high aided by increasing flights, opening new routes and lower oil price. It is talking to four airlines partner about code sharing and expects to expand to 25 airlines in 2017. It plans to cooperate with Bangkok Hospital to provide ambulance flights this year. (Thun Hoon, 20/06/16)
Comment: Thai Airways, Nok Air, have a look at this management team and learn how to run an airline business properly
 
COM7
COM7 expects 2H16 earnings to be good driven by TRUE shops and iPhone7. It expects 2016 revenue to reach Bt17bn backed by higher sales and revenue contribution from management services. (Thun Hoon, 20/06/16)
Comment: The relationship with True was a positive surprise. Iphone 7 launch in a couple of months, earnings should be rather steady for this company for the next 9 months.
 
EA
EA says solar farm at Phitsanulok supplies more than 693,000units of electricity. Its capacity is 278MW. It expects 126MW wind power to operate in 3Q16. (Khao Hoon, 20/06/16)
JMT
JMT expects to show net profit in 2Q16 from 1Q16 net loss of Bt15mn after extending the booking period to 10 years for acquiring debt. It plans to acquire Bt20bn bad debt from financial institutions. It expects this to boost 2016 revenue by 15%. It plans to expand to Laos and Vietnam. It plans to offer nano-finance in Myanmar in 2017. (Thun Hoon, 20/06/16)
Comment: GL part 2? JMART as a group already has a presence there so entry into that country isn’t an issue 

Continue reading Stocks in the news (ba, com7, ea, jmt, ocean, ptt, ratch, sappe, sf, siri, tcap, tmt, tvd, xo) 20.06.16

Stocks in the news (acc, cpf, cwt, dcon, demco, epco, epg, fer, gpsc, gunkul, irpc, jmart, jwd, k, loxley, lpn, ocean, samtel, sena, tpch) 12.01.16

ACC
ACC plans to take over a 5.5MW solar farm, valued at Bt320mn. It expects this to contribute Bt33mn net profit/year. It plans to issue warrants at a ratio of 4 shares per warrant. Management says it plans to focus on alternative energy business. (Thun Hoon, 12/01/16)
Comment: Thats a fairly decent valuation given that IFEC just spent a (granted at the stupidest highest price any one has ever seen) 155 mn on 1 MW

CPF
CPF plans to focus on box lunches via CP Food World. It plans to open new branches, targets to become a food service provider. It plans to open five food courts and six catering facilities this year. (Khao Hoon, 12/01/16)

CWT
CWT got Bt300mn job and expects to sign the contract soon. This job increases its backlog to Bt1.5bn which covers revenue until 4Q16. It expects revenue growth of 25% this year aided by numerous orders and the baht weakening. (Thun Hoon, 12/01/16)

DCON
DCON is budgeting Bt300-400mn to buy land. It plans to increase sales at DCON prime project. It targets 2016 revenue of Bt1.2bn by expanding its customer base. It expects its orders to increase backed by public projects. (Thun Hoon, 12/01/16)
Comment: The stock price has returned to where it should be, perhaps when the next condominium project is launched shall we see another xmas tree shape in the stock price

Continue reading Stocks in the news (acc, cpf, cwt, dcon, demco, epco, epg, fer, gpsc, gunkul, irpc, jmart, jwd, k, loxley, lpn, ocean, samtel, sena, tpch) 12.01.16

Stocks in the news (04.11.15)

Names today: BKD, DNA, EA, IFS, IRPC, KCE, KTB, MACO, MINT, NCH, OCEAN, RML, S, STPI, TRC, TVO

BKD
BKD expects 2015 revenue to grow 40% backed by Bt2bn in backlog. It plans to bid for more public and private projects to raise its growth. (Khao Hoon, 04/11/15)

DNA
DNA expects 2016 revenue to turn around after it has completed restructuring with a focus on alternative energy. It expects to invest in four waste power plants which are expected to be concluded by 4Q15. It expects water management business to contribute revenue in 2Q16. It plans to invest in one more water management project, expecting to make a final decision soon. (Thun Hoon, 04/11/15)
Comment: These are interesting projects that DNA has put together, quite a strange move by a company that is supposedly involved in resorts and music distribution.

EA
EA expects 3Q15 earnings of Bt638mn (71% growth) aided by alternative energy business. 9M15 net profit is expected to be Bt1.9bn. (Khao Hoon, 04/11/15)
Comment: The story remains the same for EA, get all of its plants up and running.

IFS
IFS expects 2016 revenue to grow 15-20% backed by public investment (MRT and high speed trains). It expects SME loans to grow. (Thun Hoon, 04/11/15)
Comment: They do have a very interesting business here and up until this year have been growing quite consistently over the past 7 years.

Continue reading Stocks in the news (04.11.15)

Stocks in the news (advanc, bcp, ccp, ckp, cpn, css, drt, dtac, gunkul, hmpro, ifec, irpc, ivl, mtls, ocean, qh, sgp, singer, snc, spcg) 11.08.15

ADVANC
ADVANC is talking to TOT to become a business partner; it expects this to be finalized in August. ADVANC is ready to bid for both 1800 and 900 spectra in the 4G auction. It plans to expand its market in 2H15. It targets 2015 revenue growth of 3%. (Khao Hoon, 11/08/15)

BCP
BCP targets run at rate of 110,000 bpd despite the fall in oil price. It targets 2014 EBITDA of Bt10.4bn as it achieved 72% of its target in 1H15. (ASTV, 11/08/15)

CCP
CCP’s backlog is Bt2.3bn and it expects to bid for more, especially local government jobs and private projects. It expects 2015 revenue to be close to 2014 Bt2.6bn. It expects to benefit from dual track and high speed train projects. (Thun Hoon, 11/08/15)
Comment: Another beneficiary from the potential infrastructure projects

CKP
CKP has accelerated construction of Bang-Pa-In and Xayaburi hydroelectric power plants. It expects 2Q15 earnings of Bt131.02mn compared to 2Q14’s Bt35.38mn. (Thun Hoon, 11/08/15)
Comment: We still believe that its fairly priced despite all this earnings growth, there’s nothing really new to report from this co for the time being

Continue reading Stocks in the news (advanc, bcp, ccp, ckp, cpn, css, drt, dtac, gunkul, hmpro, ifec, irpc, ivl, mtls, ocean, qh, sgp, singer, snc, spcg) 11.08.15

Stocks in the news (ba, bcp, brock, cpf, eic, gfpt, kkp, lh, mint, snp, mlink, nusa, ocean, pttgc, ratch, scc, uac, uv, wave) 24.04.15

BA
CEO says give BA some time – The Chief Executive Officer of BA, Khun Prasert Prasartong-osoth told shareholders yesterday that the reason the price of BA shares has fallen below IPO price is that it has been listed only six months and needs at least a year to prove itself to investors. Shareholders voted a cash dividend of Bt0.2 per share even though it had been listed only two months at the end of the year, giving investors a good return. (Post Today 24/04/15)
Comment: Well 1) It wasn’t the cheapest IPO 2) All airline stocks were hit hard recently 3) They effectively only feed 1 airport 4) They do have shares in BDMS (formerly BGH) which does argue that the underlying stock could be cheap.

BCP
1Q15 profit to be Bt1.55bn due to the increase refinery margin above US$10. (Khao Hoon 24/04/15)

BROCK
1Q15 earnings should be better than 1Q14’s loss of Bt680bn due to more backlog. The firm expects a 10% growth in revenue in 2015 as a result of an uptrend in the property business. The firm plans to enter into a joint venture with a foreign and listed property company in Thailand to launch a new project, expected to be settled by 4Q15. (Thun Hoon 24/04/15)

CPF
Plans to expand ready-to-eat branches in both Vietnam and India to 1,000-1,200 branches in Vietnam and 500 in India to get in on the economic growth. (Khao Hoon 24/04/15)
Comment: We would love CPF more if it wasn’t an obvious exit strategy for all of CP Group’s private entities.

Continue reading Stocks in the news (ba, bcp, brock, cpf, eic, gfpt, kkp, lh, mint, snp, mlink, nusa, ocean, pttgc, ratch, scc, uac, uv, wave) 24.04.15

Stocks in the news (aav, bcp, big, bkd, bts, cwt, earth, inet, major, nok, ocean, pjw, syntec, uniq, vpo) 01.04.15

AAV
New Sapporo route affected – Thai AirAsia X chief executive Nadda Buranasiri said the airline’s Bangkok-Sapporo route would be affected by the JCAB’s ban. The airline will be able to offer service on this route for only two months, from May 1 to June 30. (Thun Hoon, 01/04/15)
Comment: All of this news about Thai airlines being subpar in quality is one of the silliest things ever done by the airline operators here in Thailand, it is just plain stupid stupid stupid.

BCP
BCP confident that 1Q15 will be better than 1Q14 as the firm is running at a higher utilization rate and refining margin is also trending up. The solar power plant in Japan will begin to book revenue in 2017. (Kao Hoon, 01/04/15)

BIG
BIG expects 10% revenue growth in 2015 in line with the continued recovery in tourism. The firm expects a better margin in 2015 than 2014’s 5.23%. (Thun Hoon, 01/04/15)

Continue reading Stocks in the news (aav, bcp, big, bkd, bts, cwt, earth, inet, major, nok, ocean, pjw, syntec, uniq, vpo) 01.04.15

Stocks in the news (ba, beauty, bts, ccp, gift, ifec, jsp, lanna, mcot, mida, mill, nusa, ocean, spcg, svi, tasco, tcc) 09.03.15

BA
BA looks for good 2015, supported by better tourism industry. It expects passenger number to grow by 6mn from 4.79mn last year. It will expand fleet, adding four new ATR72-600s. In 2018, it will have 43 planes versus 27 planes at end 2014. This will support passenger growth in line with the turnaround of foreign tourists. (Thun Hoon 9/3/15)
Comment: Again its the holding it has in BGH that keeps the value in in BA. 
BEAUTY
BEAUTY reported 2014 net profit of Bt301.16mn (+45.451%) with a 112.28% YoY increase in 4Q14 net profit. It will pay a 2014 dividend of Bt0.99/share and reduce par to Bt0.1/share. (Thun Hoon, 9/3/15)
Comment: Incredible numbers out of beauty. They’ve proven me wrong, who knew thai consumers loved this brand that much.
BTS
CP Group, Thai Beverage Co., and BTS are negotiating with Ministry of Transportation for investment in high speed train for Bangkok-Hua Hin and Bangkok-Rayong. This is to enhance their logistics and property businesses. The Ministry of Transportation expects the concession will be finalized by year-end. (Prachacharti Turakij, 9/3/15)

Continue reading Stocks in the news (ba, beauty, bts, ccp, gift, ifec, jsp, lanna, mcot, mida, mill, nusa, ocean, spcg, svi, tasco, tcc) 09.03.15

Stocks in the news (akr, bkd, bjc, bts, eastw, mida, ml, ocean, pscgh, ps, ptg, ptt, rml, tpch, tpipl, treit, vng, wha) 09.01.15

AKR
AKR has set a revenues target this year of Bt4.2bn supported its transformer manufacturing and distributing and solar cell business. (Kao Hoon, 09/01/15)

BKD
BKD has set a revenues target growth of 20% this year supported by its backlog on hand of more than Bt2bn. It also expects to receive new government project worth billions of baht. (Kao Hoon, 09/01/15)

BJC
Berli Jucker’s Metro deal stalls – An attempt by Berli Jucker Plc (BJC) to buy Metro Group’s cash-and-carry unit in Vietnam was aborted yesterday after its shareholders voted unanimously to reject the US$655mn (Bt25bn) deal. The rejection was made because minor shareholders were worried that BJC would face high financial and litigation risks to pursue the transaction under the additional conditions related to the payment of the purchase price. (Bangkok Post, 09/01/15)
Comment: In a surprise turn of events, a listed company that actually listened to its IFA!

BTS
Appoints member of NPARK board — BTS group has appointed Mr. Surapong Laoha-Unya to sit on NPARK’s board after the company became the major shareholder of NPARK. It plans to develop land on Phayathai and also a hotel on Sathorn. As for its Roi Chak Saam project, it plans to join hands with three foreign partners. (Khao Hoon, 09/01/15)

Continue reading Stocks in the news (akr, bkd, bjc, bts, eastw, mida, ml, ocean, pscgh, ps, ptg, ptt, rml, tpch, tpipl, treit, vng, wha) 09.01.15