Tag Archives: planb

Stocks in the news (bay, bsm, ci, forth, lph, nyt, planb, sawad, sgp, siri, spa, tapac, thani, ticon, vibha) 16.09.16

BAY
BAY expects 2016 auto leases to reach Bt133bn. It has raised its loan target to Bt279bn after expanding its services to the eastern part of the country. (Thun Hoon, 16/09/16)
Comment: The moment that BAY increases the free float i wouldn’t be surprised to see the stock price increase based purely upon fund flow
 
BSM
BSM expects 2H16 earnings growth to be outstanding after 1H16 profit of Bt0.97mn. It expects to focus on high margin products and launch new products. It is confident that 2016 revenue will hit its target of Bt700mn, growth of 20%. It plans to sign a contract for work in Papua New Guinea worth Bt100mn in 4Q16. (Thun Hoon, 16/09/16)
CI
CI expects 4Q16 to be outstanding due to booking revenue from the sale of assets and high season. It expects 2016 revenue to reach its target of Bt3bn, supported by booking revenue from more projects and launching a new project worth Bt2.91bn. This will increase its backlog from more than Bt2bn. (Thun Hoon, 16/09/16)
Comment: If you compare CI today versus where it was 5 years ago you’d be impressed by their ability to become a property company with relatively consistent earnigns
 
FORTH
FORTH expects to bid for a government project worth Bt1bn and expects to get the job. It maintains its 2016 revenue target at Bt5.8bn, supported by more orders and its subsidiary. (Thun Hoon, 16/09/16)
LPH
LPH has switched to long-term lease of Decha Hospital from an outright purchase. The lease will extend 20 years and a decision is expected this month. It expects 3Q16 revenue growth of 10%, giving 2016 revenue growth of 10-15%. It plans to buy two hospitals. (Kao Hoon , 16/09/16)
NYT
NYT is negotiating with a foreign partner to do a port in Indonesia to support auto production and plans to add a warehouse on 80 rai to generate income. It plans to increase investment in the C0 port to 29% from 20%. It expects 2016 profit to record a new high, supported by increasing auto exports. (Thun Hoon, 16/09/16)
Comment: The monopoly expands

Continue reading Stocks in the news (bay, bsm, ci, forth, lph, nyt, planb, sawad, sgp, siri, spa, tapac, thani, ticon, vibha) 16.09.16

Stocks in the news (advanc, ba, bafs, btw, ccn, csl, fpi, gunkul, ihl, kbank, kbs, kool, mk, pcsgh, planb, ptt, synex, thcom, true, twpc, upa) 19.08.16

ADVANC
ADVANC plans to increase 2016 revenue target to accommodate greater revenue from services and a campaign to stimulate sales. It expects the 900MHz license to cut EBITDA margin in 2H16 to an average of 38-39% in the year. It expects maintain its 100% dividend payout. (Thun Hoon, 19/08/16)
Comment: While the dividend payout ratio remains, it will probably followed the trend of DTAC’s i.e. declining
 
BA
BA is preparing a roadshow in Hong Kong for November. It targets an annual average revenue growth of 10-15%. It has budgeted Bt12bn to expand its airport and buy more airplanes. It expects passenger growth of 20% to more than 1.2mn passengers supported by high season. (Thun Hoon, 19/08/16)
BAFS
BAFS expects 2H16 to grow on high season. It expects aviation fuel services to increase 8% and expects revenue to grow more than 9% to a new high compared to last year. (Thun Hoon, 19/08/16)
Comment: A great “little” monopoly
 
BTW
BTW will pay an interim dividend of Bt0.27/share or return of 6.46%, payment on Sep 9. It expects 2H16 to be good supported by bids for new jobs. (Thun Hoon, 19/08/16)
CCN
CCN plans to bid for jobs of more than Bt200mn. It expects 2016 revenue growth of 20%. It plans to expand to the energy business, closing a deal by the end of 2016. It reported 2Q16 profit growth of 1,009% due to cost management and expects continued growth in 3Q16. (Thun Hoon, 19/08/16)

Continue reading Stocks in the news (advanc, ba, bafs, btw, ccn, csl, fpi, gunkul, ihl, kbank, kbs, kool, mk, pcsgh, planb, ptt, synex, thcom, true, twpc, upa) 19.08.16

Stocks in the news (biz, gpsc, planb, qlt, sc, sccc, smit, stec, tmt, tnp, utp, uvan) 06.08.16

BIZ
BIZ reported 2Q16 net profit of Bt8.10mn with total revenue of Bt106.59mn, growth of 502% backed by more orders. (Kao Hoon, 06/08/16)

GPSC
GPSC reported 2Q16 net profit of Bt686mn or growth of 45%, with 1H16 net profit of Bt1.56mn, growth of 55%. It plans to invest in new projects in Thailand and abroad. It expects the 550MW power plant to proceed as planned. (Kao Hoon, 06/08/16)
Comment: This power play has continued to impress since its IPO earlier this year.

PLANB
PLANB expects 3Q16 to record a new high as it will book revenue of no less than Bt10mn from digital media in BIGC. It plans to add 60 digital media boards nationwide. It is confident that 2016 revenue will grow no less than 25%. (Thun Hoon, 06/08/16)
Comment: Its still rather incredible that this company is trading at these lofty multiples despite their failure to show the magnificent growth, then again as I tell my friends, when investing in Thailand you have to “Believe!”

QLT
QLT plans to set up a subsidiary in Myanmar and expects to expand customer base in 2H16. It expects to get more revenue from gas pipeline expansion job in the north. It has backlog of Bt300mn, with Bt180mn of this to be booked this year. (Thun Hoon, 06/08/16)

SC
SC Asset revenue to top B15bn – SET-listed developer SC Asset Corporation Plc expects fullyear revenue to surpass its 15-billion-baht target as housing demand outstrips rising household debt . (Bangkok Post, 06/08/16)

Continue reading Stocks in the news (biz, gpsc, planb, qlt, sc, sccc, smit, stec, tmt, tnp, utp, uvan) 06.08.16

Management Trades 13/06 – 17/06

Notable transactions

Buy(s) THB 606 mn

  • BDMS – Massive buying again!
  • COL – Now this interesting, I’ve always wondered when or how this company will be able to be successful. Would Central Group shove its Lazada purchase into COL?
  • PLANB – Their 1Q #’s were awful hence the ~20% drop in share price, but the owners seem to still believe in its future

Sell(s) THB 8.2 bn

  • AAV – Boom the huge sale to King Power
  • KSL – Are they still afraid of sugar prices?
  • IHL – The MD sells some 2% of outstanding shares

MGMT_trades

Stocks in the news (alt, banpu, gl, ndr, planb, ratch, rs, super, tacc, tasco, tcc, tfg, true, wha, work) 16.05.16

ALT
ALT will hold a roadshow in five provinces. It expects to have an IPO selling 250mn shares in late June and list on the SET in 3Q16. (Kao Hoon, 16/5/16)
Comment: The IPO market has been quiet so far this year other than ASN which did well on its first day pop last week it’s been a quiet quiet start to the year.
 
BANPU
BANPU is investing in a 78.5MW solar farm in China to support future business growth. (Kao Hoon, 16/5/16)
GL
GL has a five-year plan to grow profit 10X after growing 100% in 1Q16. It is negotiating to acquire three businesses. (Kao Hoon, 16/5/16)
Comment: A former darling and now I don’t know quite understand how to justify its existing valuation. But I’ve been proven wrong many a time over the past decade and a half…
 
NDR
NDR expects 2Q16 earnings will be good supported by the good response to its new product “air lock”. It targets 2016 sales growth of 25% from 2015. It plans to expand its business in Thailand and abroad. The BOI approved its solar roof project. It expects to start operating in 2H16. This will reduce electricity cost by 10%. (Thun Hoon, 16/5/16)

Continue reading Stocks in the news (alt, banpu, gl, ndr, planb, ratch, rs, super, tacc, tasco, tcc, tfg, true, wha, work) 16.05.16

Stocks in the news (aav, bbl, cho, cpf, dtac, earth, planb, scc, sena, tacc, tfg) 25.04.16

AAV
Rumors that King Power has completed the deal to buy AAV stock from Tassapon group for Bt4.15/share, which is double book value. They are not buying over 25% to avoid a tender offer. (Kao Hoon, 25/04/16)
Comment: Another rumour re AAV, I don’t quite see why King Power would do this transaction. 
BBL
Regulator to sue BBL for payment — The broadcasting regulator will sue Bangkok Bank (BBL), the guarantor of cash-strapped Thai TV Co, after the bank failed to show up and pay 1.78 billion baht on behalf of the digital TV operator on April 18. (Bangkok Post, 25/4/16)
Comment: Then in theory JAS should be sued as well. This lawsuit could take decades to be sorted out.
CHO
CHO board approved a dividend of Bt0.0308/share. This will be both cash (Bt0.0058/share) and stock (10 old shares to 1 dividend). It plans to change its company name. It targets 2016 revenue growth of no less than 5-10% from last year. It has backlog of Bt650mn. (Thun Hoon, 25/04/16)
CPF
CPF targets average sales growth of 10% for the next five years. It expects sales to reach Bt700-800bn in 2020. It plans to expand its debenture to Bt100bn from Bt80bn. It plans to acquire a business in Brazil. (Kao Hoon, 25/04/16)
Comment: That would be quite the achievement, growing revenues by 40% over 4 years for such a large co, several acquisitions would have to happen
DTAC
DTAC will not bid for 900 MHz. It reported net profit in 1Q16 of Bt1.3bn, down 45% due to fall in EBITDA, higher depreciation and costs. (Kao Hoon, 25/04/16)
Comment: So how much would you pay for their market share?

Continue reading Stocks in the news (aav, bbl, cho, cpf, dtac, earth, planb, scc, sena, tacc, tfg) 25.04.16

Stocks in the news (aav, cwt, eforl, hmpro, kbank, kiat, maco, ori, planb, ptt, stec, tfd, wiik, win) 31.03.16

AAV
AAV sets 2016 passenger target of more than 16.9mn passengers from 14.8mn. In THE first two months, the number of passengers grew 20%. It has budgeted Bt500mn to buy five planes and for oil price hedging. (Kao Hoon, 31/03/16)
Comment: Without a doubt they are the #1 airline carrier in town. 
CWT
CWT increases revenue target growth to Bt1.7bn supported by wood export business. It expects to get a new customer in the automotive business to increase its backlog by Bt1.5bn. (Thun Hoon, 31/03/16)
EFORL
EFORL reports subsidiary “Siam Snail” plans to open the first snail eco farm in Asia after completing a study. (Thun Hoon, 31/03/16)
Comment: I have no idea how this will add value to its business…a most rather curious case of diversification
HMPRO
HMPRO expects profit in 1Q16 of Bt819mn or growth of 12% supported by positive SSS growth, new stores and profit at the Mega Home format. (Kao Hoon, 31/03/16)

Continue reading Stocks in the news (aav, cwt, eforl, hmpro, kbank, kiat, maco, ori, planb, ptt, stec, tfd, wiik, win) 31.03.16

Stocks in the news (bwg, demco, eat, gpsc, jas, kbs, ktb, mega, planb, scn, sport, tgci, thai, wice) 22.03.16

BWG
Board approved a dividend Bt0.04/share. It will issue BWG-W4 at a ratio of 6 old shares to 1 new share to shareholders and those who exercise BWG-W3. It will increase capital. (Thun Hoon, 22/03/16)
Comment: Well they seem rather adamant on expanding in the waste to energy segment

DEMCO
DEMCO bidding for EGAT and PEA jobs worth no less than Bt10bn. It targets revenue growth of 10-15% supported by 4G telecommunication towers and expansion of water and underground electrical systems in Laos. (Thun Hoon, 22/03/16)
Comment: Now the question left for demco is how much will the cost of business loss will cost the company over the next 6 months

EA
EA expects good earnings in 1H16 supported by a 90MW solar farm in Phitsanulok and biodiesel. It says 2016 revenue will grow 30% from last year supported by booking revenue from the sale of 404MW. (Thun Hoon, 22/03/16)

GPSC
GPSC continue to get dividend from RPCL. It is confident that net profit in 2016 will grow. It is preparing to hold a roadshow both in and outside Thailand to increase investor confidence. (Kao Hoon, 22/03/16)

Continue reading Stocks in the news (bwg, demco, eat, gpsc, jas, kbs, ktb, mega, planb, scn, sport, tgci, thai, wice) 22.03.16

Stocks in the news (bafs, ck, cpn, epg, intuch, ivl, ndr, planb, pttgc, spcg, tog, true) 18.02.16

BAFS
BAFS reported net profit of Bt957mn in 2015. It will pay dividend of Bt0.85/share, XD on May 3. It will also pay a special dividend of Bt0.25/share, XD on 1 March 2016. It plans to expand its business to hotels, property and renewable energy. (Thun Hoon, 19/2/16)
Comment: A consistent dividend payer and with the Don Muang airport expanding it will continue to see volume growth
CK
CK expects to get a job worth Bt20bn. The company targets 2016 revenue of more than Bt30bn supported by backlog worth Bt90bn. (Khao Hoon, 19/2/16)
CPN
CPN will pay a dividend of Bt0.70/share, XD on 26 April 2016. It plans to issue a debenture worth not more than Bt10bn. (Thun Hoon, 19/2/16)
EPG
EPG is confident that revenue in 2015-2016 will reach Bt8.5-9bn, growing 25-30%. It has budgeted Bt100mn to improve its three product groups with a budget of Bt1.2bn for M&A. (Khao Hoon, 19/2/16)
Comment: The question here is how far will the cost savings and depressed commodity prices take their earnings

Continue reading Stocks in the news (bafs, ck, cpn, epg, intuch, ivl, ndr, planb, pttgc, spcg, tog, true) 18.02.16

Stocks in the news (aot, bigc, bjc, eastw, fsmart, kkc, ktc, lit, mint, planb, sccc, smpc, snc, svi, tcap, tnh, top, trc) 15.02.16

AOT
AOT to report 1QFY16 today, profit estimated at Bt4.48bn, growing 20% supported by an 11% rise in passengers to 28.9 million. It expects good earnings in 2Q16. It expects profit in FY2016 of Bt18.5bn based on the ATTA estimate of 13% growth in passenger flow-through in 2016. (Khao Hoon, 15/2/15)
Comment: It should be rather incredible #’s coming out of AOT..yet again
BIGC/TCC
Berli Jucker Plc (BJC) to buy the 58.56% stake in Big C from France-based Casino Group. TCC Group led by billionaire Charoen Sirivadhanabhakdi has assigned subsidiary BJC to make the purchase, borrowing Bt220bn to finance the acquisition. (Bangkok Post, 13/2/15)
Comment: We are curious to see how shareholders of BJC react to this given that they had initially rejected Metro Vietnam at BJC’s first attempt
EASTW
EASTW reported net profit of Bt1.58bn, growth of 18.79%. It reported revenue from sales and services of Bt4.36bn, up 2.94%, on an improvement in the economy. (Khao Hoon, 15/2/15)
Comment: Scale scale scale
FSMART
FSMART reported net profit of Bt272mn, 77% growth. It reported total revenue of Bt1.68bn, up 45%. The board approved a full year dividend of Bt0.15; the, interim dividend of Bt0.02 will be paid in 2H16. (Khao Hoon, 15/2/15)
Comment: Just incredible #’s continuing to come out of FSMART!

Continue reading Stocks in the news (aot, bigc, bjc, eastw, fsmart, kkc, ktc, lit, mint, planb, sccc, smpc, snc, svi, tcap, tnh, top, trc) 15.02.16