Tag Archives: perm

Stocks in the news (banpu, brr, cm, dcorp, gunkul, jmart, l&e, nwr, perm, pstc, scn, tnp, tog, tsr, ttcl) 12.09.16

BANPU
BANPU expects 3Q16 net profit to be better than 2Q16’s Bt281mn thanks to higher coal price. It plans to invest in solar rooftop by negotiating with IEs, department stores and residences. (Thun Hoon, 12/09/16)
BRR
BRR’s board approved setting up an infrastructure fund for the power business of its two subsidiaries (Buriram Sugar and Buriram Power) with capacity of 19.8MW. It expects to use the funds to invest in new plants in Buriram and Surin. (Khao Hoon, 12/09/16)
Comment: Well that is an interesting development for a company firm. I’m not sure if 20 MW is enough for an infrastructure fund though…
 
CM
CM expects to complete a deal to set up a subsidiary in Myanmar by the end of this year. It plans to invest Bt700mn in a processing plant. It plans to expand to abroad. It expects 2016 revenue to be good on the back of the baht depreciation. (Thun Hoon, 12/09/16)
DCORP
DCORP expects to sign an MoU with a Chinese partner this week to invest in a mega project. It plans to invest in a 320MW solar farm in the Philippines. It expects net profit this year. It will also book revenue from a new service (energy saving management for private companies). It expects 2017 performance to be good on the back of the power business. (Thun Hoon, 12/09/16)
Comment: We’ve been reading a lot about these solar farm’s in the Philippines, last we checked the grid there is far worse than Thailand so we have our doubts on several of these projects going through.
 
GUNKUL
GUNKUL plans to take over 40-70MW Japanese solar farms. It also plans to submit bidding documents for a 20MW solar farm in Malaysia. It expects this to increase its total capacity to 420MW at the end of 2015. It expects its capacity to reach 1000MW within 2021. It expects 2016 revenue to grow 30% as targeted. (Thun Hoon, 12/09/16)
JMART
JMART expects 4Q16 sales to surge brought by launching iPhone7. It expects 2016 revenue to grow 30% as targeted. It expects to change to a holding company within 2017 after it reaches Bt10bn in assets. (Thun Hoon, 12/09/16)
Comment: We are more curious about their other businesses which are the key drivers versus just the phone sales. Plus when you’re up against someone like Com7 that is sweet with True or SPVI that is sweet with AIS, how can JMART continue to compete?

Continue reading Stocks in the news (banpu, brr, cm, dcorp, gunkul, jmart, l&e, nwr, perm, pstc, scn, tnp, tog, tsr, ttcl) 12.09.16

Stocks in the news (akr, global, gpsc, ifec, jubile, lhbank, perm, pb, ps, rs, tacc, tmc, tpch, tu, upa) 30.03.16

AKR
AKR expects 2016 revenue to grow not less than 50% aided by public projects. It plans to cooperate with agricultural cooperatives to take part in government unit solar farm in April. It expects to get electricity transformer orders in May. It expects to take part in Bt6bn bids. Investors in Singapore and China are interesting to invest in solar farm if government allows doing. (Thun Hoon, 30/03/16)

GLOBAL
GLOBAL expects 1H16 earnings to be good on high season. It expects 2016 revenue to grow 10-15% from 2014’s Bt17.4bn. It is budgeting Bt2bn to open 8 stores. (Thun Hoon, 30/03/16)
Comment: I still don’t see GLOBAL’s business performing well until there is far more infrastructure investments throughout the country and plus they still have one of the worst CF’s in the retail business in Thailand

GPSC
GPSC expects 1Q16 earnings to be good on the back of IRPC Clean Power. It plans to start up the 123MW Nava Nakorn power plant in 2Q16. It targets 1,400MW capacity at the end of 2016. (Khao Hoon, 30/03/16)

IFEC
IFEC expects to get a 100MW Japanese solar farm in 2Q16 after signing a letter of intent with a Japanese partner. It expects Dhara Dhevi to exit rehabilitation plan in 2Q16. (Thun Hoon, 30/03/16)
Comment: Another random LOI? How about some action instead IFEC.,

JUBILE
JUBILE expects 1Q16 earnings to be good driven by Forevermark. It targets revenue to grow 10-15% with 40% profit margin. (Thun Hoon, 30/03/16)
Comment: This company has been experiencing growing pains, they expanded stores tremendously in the past 6 years and then in the first 3-4 years had a decent SSSG until the last few years where they have struggled. If you believe the consumer is going to start spending $ that they don’t have they JUBILE may be one of your best bets.

Continue reading Stocks in the news (akr, global, gpsc, ifec, jubile, lhbank, perm, pb, ps, rs, tacc, tmc, tpch, tu, upa) 30.03.16

Stocks in the news (akr, global, gpsc, ifec, jubile, lhbank, perm, pb, ps, rs, tacc, tmc, tpch, tu, upa) 30.03.16

AKR
AKR expects 2016 revenue to grow not less than 50% aided by public projects. It plans to cooperate with agricultural cooperatives to take part in government unit solar farm in April. It expects to get electricity transformer orders in May. It expects to take part in Bt6bn bids. Investors in Singapore and China are interesting to invest in solar farm if government allows doing. (Thun Hoon, 30/03/16)

GLOBAL
GLOBAL expects 1H16 earnings to be good on high season. It expects 2016 revenue to grow 10-15% from 2014’s Bt17.4bn. It is budgeting Bt2bn to open 8 stores. (Thun Hoon, 30/03/16)
Comment: And the stock price had a positive move after management stepped down after being caught for insider trading

GPSC
GPSC expects 1Q16 earnings to be good on the back of IRPC Clean Power. It plans to start up the 123MW Nava Nakorn power plant in 2Q16. It targets 1,400MW capacity at the end of 2016. (Khao Hoon, 30/03/16)

IFEC
IFEC expects to get a 100MW Japanese solar farm in 2Q16 after signing a letter of intent with a Japanese partner. It expects Dhara Dhevi to exit rehabilitation plan in 2Q16. (Thun Hoon, 30/03/16)
Comment: I’ve seen them announce a million LOI’s…

Continue reading Stocks in the news (akr, global, gpsc, ifec, jubile, lhbank, perm, pb, ps, rs, tacc, tmc, tpch, tu, upa) 30.03.16

Stocks in the news (aot, big, bigc, esso, hemraj, jubile, perm, pstc, ratch, scc, smt, tmb) 25.01.16

AOT
AOT expects 1Q16 earnings of around Bt4.6bn, growing 22%YoY on the back of high tourist arrivals. Tourism high season in the first quarter should boost the company. (Khao Hoon, 25/1/16)
Comment: DM terminal 2 is already bustling like crazy
BIG
BIG expects its earning to reach a new high in 2016, growing 10% from 2015 driven by growing sales volume of new cameras. This year’s focus will be on the direct-from-phone printing services. The negative retained earnings have been cleared, allowing for dividend payout from FY2015 earnings. (Khao Hoon, 25/1/16)
Comment: I’ll know more about what they are planning to do later today, still am not convinced
BIGC
Charoen’s TCC Holding and the Chirathivat family’s Central group are considering a firstround bid (5-Feb-16) for the BIG C Supercenter chains in Thailand and Vietnam. (KhaoHoon, 25/1/16) Comment: Already mentioned in my random thoughts on how I think things will play out here
ESSO
ESSO to expand its car care business, the Mobil 1 Center, targeting 400 branches within 2018 (ThunHoon, 25/1/16)
Comment: That will be going up against quite the competitive market
HEMRAJ
Hemraj Energy Co, a subsidiary of the listed company Hemaraj Land and Development Plc, has signed a joint-venture agreement with Gulf MP to develop five small power plant (SPP) projects within Hemraj’s industrial estate, totaling 630MW and worth Bt34bn. The projects are expected to complete within 2017 (KhaoHoon, 25/1/16)
JUBILE
The company targets an earnings growth of 15% in 2016, raising contribution from diamond showrooms to 13-15% of earnings. It plans to boosts sales via branch expansion and renovation, as well as new product launches and marketing campaigns. (KhaoHoon, 25/1/16)

Continue reading Stocks in the news (aot, big, bigc, esso, hemraj, jubile, perm, pstc, ratch, scc, smt, tmb) 25.01.16

Stocks in the news (arip, big, chg, ea, mc, mcot, perm, pt, siri, synex, tacc, tpch) 22.01.16

ARIP
ARIP expects profit to turnaround this year on the back of expansion into digital marketing arena which should generate revenue around Bt10-15mn. It targets 2016 revenue of Bt300mn. It expects to finalize 2 organizer deals abroad in 1Q16. (Thun Hoon, 22/01/16)

BIG
BIG plans to pay dividend after it has wiped out the negative retained earnings. It expects 2016 revenue to mark a record high aided by government policy and opening of new branches. (Thun Hoon, 22/01/16)
Comment: Doubt the sustainability of this, hope for their sake that I’m proven wrong but still have my doubts…

CHG
CHG resolved to complete its acquisition of Ruampat Payong Hospital, valued at Bt117mn, effective Mar 1, 2016. (Thun Hoon, 22/01/16)
Comment: The most expensive hospital stock in Thailand today…which does say a lot.

EA
EA expects 4Q15 earnings of Bt683mn (+86%), brought 2015 earnings to Bt2.8bn thanks to full-year contribution from solar farm. (Khao Hoon, 22/01/16)
Comment: Again everything is still on track here for EA

Continue reading Stocks in the news (arip, big, chg, ea, mc, mcot, perm, pt, siri, synex, tacc, tpch) 22.01.16

Stocks in the news (ap, bmcl, cfresh, gfpt, ktc, lee, makro, mdx, perm, samco, smit, tapac, tks, uniq, upa) 07.10.15

AP
AP reports presales of Bt22.3bn for 9M15 (28% growth from last year). It plans to launch five new projects valued at Bt5.33bn in 4Q15. (Khao Hoon, 07/10/15)
BMCL
Cabinet has approved using the Joint Venture 2013 ACT, which allows MRTA to look for a operator for the extension Blue Line by direct negotiations. BMCL is expected to be a candidate. The Ministry of Transport expects no delay because Somkid Jatusripitak is chairman of PPP. (Khao Hoon, 07/10/15)
Comment: Direct negotiations with one of the two mass transit operators, sounds like a laugh. 
CFRESH
CFRESH expects 3Q15 net profit of Bt113mn (+200%YoY) thanks to the weaker baht. It expects 4Q15 earnings to be the best of this year. (Khao Hoon, 07/10/15)
GFPT
GFPT revised down 2015 revenue growth from 7% to 5% because of excess supply. It expects 2H15 performance to be better than 1H15 aided by seasonality for exports especially to Japan and the EU. (Khao Hoon, 07/10/15)
Comment: Now we do wonder aloud how the TPP will impact Thailand and its industries that export to the same nations such as Vietnam, Malaysia etc etc 

Continue reading Stocks in the news (ap, bmcl, cfresh, gfpt, ktc, lee, makro, mdx, perm, samco, smit, tapac, tks, uniq, upa) 07.10.15

Stocks in the news (advanc, aira, ajd, anan, bjchi, dcc, epg, gunkul, kbank, kkc, mono, perm, qh, ptt, rs, ticon, tndt, true, uniq, uwc, work) 03.08.15

ADVANC
ADVANC expects to report 2Q15 net profit of Bt9.1bn which will raise 1H15 earnings to Bt19bn. It expects to pay an interim dividend of Bt6.57/share (2.8% yield). It expects to gain benefit from the 4G auction that will be held before the end of this year. (Khao Hoon, 03/08/15)
Comment: Perhaps still the only decent telecom player in Thailand given how DTAC has fallen by the wayside

AIRA
AIRA is talking to prospective partner and targets to have 12 subsidiaries in 2020 from six now to increase its profit growth. It expects to diversify to property business for regular income. It plans to list subsidiary AIRA Propery” next year. It is confident 2017 revenue will grow significantly aided by higher revenue from its subsidiaries. (BangkokBiznews, 03/08/15)
Comment: AIRA is trying its damnest to be a mini financial conglomerate with the securities, lending, leasing, property businesses

AJD
AJD expects to report to the SET today of the signing of an MoU with YTO Express to set up a new company to undertake the logistic business. (Khao Hoon, 03/08/15)

ANAN
Japanese investors are interested in becoming business partners to ANAN in view of its strong fundamentals. It expects 2015 revenue will achieve target of Bt11bn aided by transfers. It plans to invest Bt17.8bn in new projects which is expected to lift its backlog to Bt34bn. (Thun Hoon, 03/08/15)
Comment: I’ve heard about this since last year, naturally the first name should be its existing JV partner

Continue reading Stocks in the news (advanc, aira, ajd, anan, bjchi, dcc, epg, gunkul, kbank, kkc, mono, perm, qh, ptt, rs, ticon, tndt, true, uniq, uwc, work) 03.08.15

Stocks in the news (aav, aeonts, aq, bmcl, brr, centel, color, eason, ee, gunkul, hmpro, mcs, ndr, perm, rwi, salee, sat, sim, sithai, thana, vng) 13.07.15

AAV
AAV has no impact from China stock market woes. It is ready to open four new routes from U-Tapao and Don Muang to various cities China in 4Q15. It is confident that 2H15 will be robust supported by a 14.5mn passengers. (Kao Hoon, 13/7/15)
Comment: The stock market in China naturally doesn’t have any impact on AAV’s earnings.
AEONTS
AEONTS expects loan growth of 8-10% in 2015 even though 1H15 was slow. In the 2H15 the outlook is better as the economy improves. (Kao Hoon, 13/7/15)
Comment: AEONTS was typically one of the stalwarts that consistently grew year in year out, that is until this year of course. Could they turnaround this year? Doubt it. But still a nicely conservatively run business here.
AQ
AQ has backlog of Bt2bn. It expects to launch 4-5 low-rise projects. It expects presales to hit its target of Bt2.5bn supported by presales of Bt2bn in 1H15. (Kao Hoon, 13/7/15)
Comment: Nice turnaround story, but its fully priced in.
BMCL
Blue line MRT – The company is hoping for good news from the Transport Ministry on the extension of its Blue Line MRT service after a long period of losses. (Kao Hoon, 13/7/15)
BRR
BRR expects to bid for a biomass power plant. The third plant is under construction and is expected to finish in 2016. (Kao Hoon, 13/7/15)
Comment: A naturally extension of its core business

Continue reading Stocks in the news (aav, aeonts, aq, bmcl, brr, centel, color, eason, ee, gunkul, hmpro, mcs, ndr, perm, rwi, salee, sat, sim, sithai, thana, vng) 13.07.15

Stocks in the news (banpu, bbl, bh, centel, dtac, emc, jubile, perm, phol, ps, super, tse, ureka, vng) 22.06.15

BANPU
BANPU plans to invest in power plant at home and abroad due to a downtrend in mining. 2015 revenue is expected to be equal to 2014’s thanks to cost control. It expects to list a subsidiary on the SET by the end of 2015. (Thun Hoon, 22/06/15)
Comment: BANPU’s stock price has followed that of coal prices in the past 5 years, declining from its peak of nearly THB 83 baht/share to where it is today, the continued shift of strategy to power plants is a natural move for them.

BBL
BBL is confident loan growth will achieve its target in the second half of the year without more NPLs, backed by economic recovery. It targets 3-4% growth for corporate and 6-8% for SME loans this year. (Khao Hoon, 22/06/15)
Comment: Surprisingly they had the best corporate loan growth in May

BH
BH confident it will not suffer impact from MERS. It expects 2015 revenue to grow 10-15% as targeted. It plans to invest Bt700mn in a new hospital. (Khao Hoon, 22/06/15)

CENTEL
CENTEL believes the impact on MERS on Thailand will be short-lived. 2015 revenue is targeted at Bt20bn (10% growth). (Khao Hoon, 22/06/15)

Continue reading Stocks in the news (banpu, bbl, bh, centel, dtac, emc, jubile, perm, phol, ps, super, tse, ureka, vng) 22.06.15

Stocks in the news (brr, cpf, eastw, epco, epg, jubile, perm, richy, thai, trc, ttcl, tvt) 16.04.15

BRR
2nd plant up and running – BRR reports its second bio power plant with capacity of 8MW has commenced commercial operations and thus begun to generate revenue. Its third power plant with capacity of 9.9MW is still under construction, with completion scheduled for early 2017, after which it will generate income. Currently, earnings contribution from the power plant business is 30%, up from 20% before the second power plant started operations. (Khao Hoon, 16/04/15)
Comment: A standard expansion for every sugar company.

CPF
CPF expects 1Q15 to be the year’s worst and expects recovery in 2Q15 due to improving product prices. The firm is also waiting for the board’s approval to buy a 75% stake in CPC worth Bt28.5bn on April 22. (Khao Hoon, 16/04/15)

EASTW
EASTW expects selling volume to increase by 10% YoY in 1Q15 with 5-6% growth for the whole year driven by water demand in the northeast. (Khao Hoon, 16/04/15)
Comment: EASTW and TTW are the only two water utility plays in Thailand and both have done incredibly well over the past decade.

Continue reading Stocks in the news (brr, cpf, eastw, epco, epg, jubile, perm, richy, thai, trc, ttcl, tvt) 16.04.15