Tag Archives: plat

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 (ah, arrow, auct, bm, ctw, gel, intuch, k, malee, mc, pace, pf, plat, pttgc, rml, ttcl, tu, vte) 18.08.16

AH
AH expects 2016 revenue to grow 5% from last year’s Bt15.1bn due to large orders. It will pay a dividend of Bt0.33/share, XD on Aug 26, PD on Sep 9. (Thun Hoon, 18/08/16)
Comment: And the company has been doing share buybacks for the past few months
 
ARROW
ARROW expects 2H16 earnings to be good backed by Bt240mn backlog. It expects 2016 revenue to reach Bt1.4mn with gross margin at 25-30%. Its 1H16 net profit was Bt126mn. It will pay a dividend of Bt0.2/share, XD Aug 23. (Khao Hoon, 18/08/16)
Comment: We’ve questioned whether they have the capacity necessary to fulfill all the potential market demand and their current valuations
 
AUCT
AUCT expects 3Q16 earnings to be good brought by extra items from public bids. It plans to take part in 1-2 bids, and expects to know the results this year. It expects auction 60,000 vehicles this year. (Thun Hoon, 18/08/16)
BM
BM reported 1H16 net profit of Bt23mn, up 68.32% with revenue of Bt384mn, up 5.55%, backed by higher sales, especially from selling racks and conduits. (Khao Hoon, 18/08/16)
CTW
CTW expects 3Q16 earnings to be good supported by cable projects from ITD such as Suvarnabhumi phase 2, MRT Orange, Pink and Yellow lines, the Dawei project, and moving cables underground. (Thun Hoon, 18/08/16)

Continue reading Stocks in the news (ah, arrow, auct, bm, ctw, gel, intuch, k, malee, mc, pace, pf, plat, pttgc, rml, ttcl, tu, vte) 18.08.16

Stocks in the news (ajd, alt, asimar, ccn, csp, gift, glow, gpsc, kbank, kool, mega, pk, plat, pstc, ptg, stanly, tasco, uac) 02.08.16

AJD
AJD is adding 20,000 online top-up machines and it is confident that at end of 2016 it will reach 50,000 machines. It has budgeted Bt10mn for marketing and promotional campaigns in 2H16. (Khao Hoon, 02/08/16)
Comment: If they could pull off what FSMART has done then perhaps for the first time in a decade I may consider this name
 
ALT
ALT expects 2H16 earnings to be good backed by trading business and 4G. It targets 2016 revenue to grow 10% from last year’s Bt2.6bn brought by IT trend. It plans to take part in bids. (Thun Hoon, 02/08/16)
ASIMAR
ASIMAR expects 2H16 earnings to be outstanding upon the booking of more revenue. It has backlog in hand of Bt380mn. It plans to bid for more jobs from TAT. (Kao Hoon, 02/08/16)
CCN
CCN is negotiating with both listed and non-listed companies about partnership. It plans to diversify to energy, with a decision to be made by the end of 2016. It expects 2H16 revenue at Bt100mn, growth of 20%. (Thun Hoon, 02/08/16)
CSP
CSP expects 1H16 sales volume of 80,000 tons, up 20% YoY, with 2016 sales volume of not less than 160,000 tons or up 15% YoY. It expects 2H16 steel price to average Bt16-18/kg. It plans to increase 2016 target revenue in August. (Thun Hoon, 02/08/16)
GIFT
GIFT expects 2Q16 earnings to be good backed by higher sales. It expects 2016 net profit to be a record high. It is talking to a partner to invest in alternative energy, with a decision to be made by the end of this year. (Khao Hoon, 02/08/16)
Comment: And they’ve recently switched from the MAI to the SET

Continue reading Stocks in the news (ajd, alt, asimar, ccn, csp, gift, glow, gpsc, kbank, kool, mega, pk, plat, pstc, ptg, stanly, tasco, uac) 02.08.16

Stocks in the news (a, ap, apco, aq, chewa, drt, epco, fer, jmt, kbank, lhbank, plat, pttep, stpi, thai, tsc) 10.06.16

A
Areeya targets 2016 revenue of Bt7bn supported by its backlog of Bt2.34bn, of which will book Bt1.5bn this year. It has stock of Bt3.5bn. It expects sales of Bt10bn in 2016. It plans to launch 12 projects worth Bt20bn. (Khao Hoon, 10/06/16)
Comment: Their stock price performance has one of the smoothest charts I’ve ever seen.
 
AP
AP expects 2Q16 earnings to be better than first quarter due to more transfers. It is confident that 2016 revenue will reach target of Bt23.7bn as it has backlog of more than Bt12bn. It plans to launch 13 new projects valued at Bt25bn in 2H16. (Thun Hoon, 10/06/16)
Comment: They came out with rather strong pre-sale #’s
 
APCO
APCO expects 2Q16 to continue to grow. It expects 2016 revenue growth of 10% and with net profit growing 25%. It will focus on the domestic market. It plans to launch a new product in 4Q16. (Khao Hoon, 10/06/16)
AQ
AQ will focus on low-rise projects. It plans to open two new condos worth Bt1bn. It opened hotel in Chiang Mai to bring rental revenue to Bt200mn per year. (Thun Hoon, 10/06/16)
Comment: Weren’t they recently bankrupt?
 
CHEWA
CHEWA bought a condominium from AQ for Bt586mn. It expects this to contribute revenue rapidly. It expects 2016 revenue of Bt1.7-1.8bn. It plans to open two new projects wtih total value of Bt2bn. (Khao Hoon, 10/06/16)
Comment: Ah see above…
 
DRT
DRT accepts that 2Q16 earnings will decrease from 1Q16 due to low season and demand. However, it maintains its 2016 target of revenue growth of 5%, supported by growing exports to CLMV+1. It expects to increase the export portion to 18%. It has budgeted Bt100mn to renovate machines. (Khao Hoon, 10/06/16)
Comment: But they have announced a sharebuyback, last time was in 2009

Continue reading Stocks in the news (a, ap, apco, aq, chewa, drt, epco, fer, jmt, kbank, lhbank, plat, pttep, stpi, thai, tsc) 10.06.16

Stocks in the news (anan, banpu, bcp, kool, plat, ptg, samart, sawad, sci, thai, vte, wice) 20.04.16

ANAN
Taiwan fund is interested in investing in ANAN. A decision is expected soon. The company plans to issue a debenture worth Bt1bn to support business. It plans to launch a new project worth Bt19bn to increase its backlog to Bt37bn. (Thun Hoon, 20/04/16)
Comment: More curious about the recent perp bond they’ve announced than supposed investor interest
BANPU
BANPU has budgeted US$112mn to start shale gas business. It hopes this will provide support to revenue and earnings. (Khao Hoon, 20/04/16)
BCP
BCP listing subsidiary BCPG on the SET. It will sell 160 million shares and expects to undertake the IPO in 3Q16-4Q16. It plans to expand its business in Thailand and abroad. (Khao Hoon, 20/04/16)
KOOL
KOOL expects 2Q16 sales to grow 40% YoY supported by hot weather and high season. It plans to increase its distribution in Thailand and abroad. It targets to increase revenue from exports by more than 20% in 2016. (Khao Hoon, 20/04/16)
Comment: Effectively a single product company, what will they say when the rainy season hits? 

Continue reading Stocks in the news (anan, banpu, bcp, kool, plat, ptg, samart, sawad, sci, thai, vte, wice) 20.04.16

Stocks in the news (ajd, arrow, banpu, bcp, big, bkd, com7, delta, ilink, itd, ivl, mtls, pdi, pk, plat, ptt, ratch, robins, sci, takuni, tk, ttw, uniq) 23.02.16

AJD
AJD is studying investment in logistic business. It expects 2016 performance to be good on the back of its Top-Up business. (Thun Hoon, 23/02/16)
Comment: No comment, tired of the rubbish coming out of this firm.
ARROW
ARROW reported net profit of Bt245.2mn, growth of 65.24%, supported by decrease in raw materials cost. The board approved a dividend on 2H16 of Bt0.40/share, XD on April 29. (Khao Hoon, 23/02/16)
Comment: Boom knock out earnings *smash head against the wall for missing this*
BANPU
BANPU reported 2015 net loss of Bt1.5bn due to a slowdown in the coal business and booking losses from its electricity business in Laos. It has set a five-year budget of US$554mn to support growth further. (Khao Hoon, 23/02/16)
Comment: They have suffered and suffered like every other commodity player in coal…
BCP
BCP shows profit in 2015 of Bt4.15bn supported by GRM of above US$9. It will pay a dividend of Bt1/share, XD on 2 March 2016. (Khao Hoon, 23/02/16)
BIG
BIG will report earnings today with profit expected at more than Bt380mn or growth of 180% from 2014, supported by rising sales of mirror-less cameras. (Khao Hoon, 23/02/16)

Continue reading Stocks in the news (ajd, arrow, banpu, bcp, big, bkd, com7, delta, ilink, itd, ivl, mtls, pdi, pk, plat, ptt, ratch, robins, sci, takuni, tk, ttw, uniq) 23.02.16

Stocks in the news (global, kce, ktc, major, mint, nok, plat, ptt, smg, sprc, ssi, tsth) 17.02.16

GLOBAL
GLOBAL’s 2015 net profits grow 20% from last year’s Bt701mn, driven by numerous orders. It targets 2016 revenue to grow 10%. A plan to invest in Myanmar will be finalized within 1H16 (Thun Hoon, 17/2/16)
Comment: And yet they still have one of the worst inventory turnover’s I’ve seen…

KCE
KCE’s 2015 net profit was Bt2.24bn (+6.2% YoY) with sales growth of 10.3% to Bt12bn. 4Q15 net profit was Bt630mn, hitting a new high. (Khao Hoon, 17/2/16)
Comment: No surprise if you’ve been following this company for the past few years..

KTC
KTC expects to see 2016 financial performance to be in line with 2015. NPL is expected to reduce to 2.1%. It plans to do business aggressively to boost market shares. (Khao Hoon, 17/2/16)
Comment: We’ve said this since last year, the issue for KTC now is no longer operational, its sales, growing revenue and I doubt that they’ll be able to do more than 2x the industry growth rate unless they shift into other products.

MAJOR
MAJOR looks more to non-film revenue – MAJOR will renovate some of its cinemas nationwide in a bid to achieve almost 12% revenue growth from group bookings and events. It expects 11.8% growth in group bookings to Bt190mn this year. It believes this business has great potential despite contributing only a small proportion of total ticket sales. (Bangkok Post, 17/02/16)
Comment: I’ve always liked this company, perhaps for the first time in a while it may be time to relook at it if they can monetise their assets better..

Continue reading Stocks in the news (global, kce, ktc, major, mint, nok, plat, ptt, smg, sprc, ssi, tsth) 17.02.16

Stocks in the news (amata, aot, bmcl, cho, hmpro, kkp, ktb, plat, qh, qtc, stpi, ttw, vih, wha) 27.11.15

AMATA
AMATA expects 4Q15 revenue to be healthy even though it cannot reach the target of selling 1000 rai of land this year. It has sold only 493 rai of land in 9 months. (Thun Hoon, 27/11/15)
Comment: It’s the usual cycle for industrial estates in Thailand.

AOT
AOT expects 4Q15 profit of at least Bt3.2bn (51% growth). It expects revenue for the whole of this year to be Bt17bn backed by peak season. (Thun Hoon, 27/11/15)

BMCL
BMCL expects the cabinet to approve the M&A with BECL on December 8. (Khao Hoon, 27/11/15)

CHO
CHO expects to gain revenue from an 11-year project. Next year it will focus on maintenance services and expects to get a project worth Bt400mn. (Thun Hoon, 27/11/15)
Comment: If it is similar to their Tesco contract then its a steady cash flow generator for the firm

Continue reading Stocks in the news (amata, aot, bmcl, cho, hmpro, kkp, ktb, plat, qh, qtc, stpi, ttw, vih, wha) 27.11.15

Stocks in the news (ait, azay, bsm, cho, cm, eforl, epco, gunkul, irpc, malee, mc, ncl, plat, ps, pstc, pylon, sci) 16/11/15

AIT
AIT reported 3Q15 net profit of Bt148.84mn (+69.17%). Its 9-month net profit is Bt416.68mn. It expects to finish projects to reach target. (Thun Hoon, 16/11/15)
Comment: Astounding numbers from AIT, although given that Thailand’s government spending in this sector has been a bit slow last year it isn’t a surprise to see a decent recovery

AZAY
AZAY reported 9-month performance of 7% growth YoY. It expects to use digital system to increase sale efficiency. (Khao Hoon, 16/11/15)

BSM
BSM reported 3Q15 net profit of Bt7mn (+20%) YoY after an increase in sales. (Thun Hoon, 16/11/15)
Comment: I’ve always liked this company but never found the valuation to be attractive…

CHO
CHO is likely to not get its main expected NGV bus project since the project is expected to be canceled. (Khao Hoon, 16/11/15)
Comment: Quite the surprise for the CEO, he seemed rather adamant that he was going to be able to successfully win.

Continue reading Stocks in the news (ait, azay, bsm, cho, cm, eforl, epco, gunkul, irpc, malee, mc, ncl, plat, ps, pstc, pylon, sci) 16/11/15

MSCI Thailand Changes

MSCI’s latest review of indices was announced during the week and here are the key details:
Effective date: December 1, 2015
MSCI Thailand Index – None
MSCI GLOBAL SMALL CAP INDEXES – Thailand (+5 / -8)
  • Additions: GPSC, IMPACT, PLAT, TIPCO, VNG
  • Deletions: DSGT, LOXLEY, MBK, MONO, NOK, PCSGH, PTL, SIM