Tag Archives: PLE

Stocks in the news (beauty, bjc, btw, ea, gpsc, itd, malee, ple, pttep, seafco, tfg, top, tpoly, vgi, work) 24.08.16

BEAUTY
BEAUTY expects 2H16 high season to support its sales. It is confident that 2016 revenue will grow more than 20%. It plans to expand its branches in Thailand and abroad. (Kao Hoon, 24/08/16)
Comment: The odd thing is that we are seeing management sell shares in the market 
 
BJC
BJC expands glass output capacity – BERLI JUCKER(BJC) is investing Bt2 billion in the construction of a new furnace with a production capacity of 300 tonnes of glass a day, in order to cater to rising demand for glass containers. (The Nation, 24/08/16)
Comment: Watch them dominate Thailand and Vietnam along with Central Group
 
BTW
BTW announced a dividend of Bt0.27/share, XD today and payment on Sep 9. It has backlog of Bt1.56bn and expects 2H16 earnings to be good. (Thun Hoon, 24/08/16)
EA
EA plans to COD a 126MW wind power plant at Nakhon Si Thammarat at the end of 2016. This will lift capacity to 404MW, doubled from 2015. It expects 2016 earnings to be a new high. It plans to do five more projects in Chaiyaphum worth Bt20bn to increase capacity to 64MW. (Thun Hoon, 24/08/16)
GPSC
GPSC expects 2016 revenue and profit to jump due to booking revenue from IRPC, Nava Nakorn power plant and more new customers. It announced a five-year plan to have capacity of 2,800MW and expects the board to approve its investment budget of Bt19bn. (Kao Hoon, 24/08/16)
ITD
ITD get a big project worth more than Bt1.28bn to bring backlog up to over Bt200bn. It expects earnings to turn to profit after it reported a net loss in 2Q16. (Thun Hoon, 24/08/16)
Comment: With the recent win @ AOT, will they have to raise capital again?
 
MALEE
Malee Group and Mega Lifesciences will set up a 49:51 joint venture called Mega Malee Company to develop health-related natural foods and beverages for both local and international markets. Initial investment is put at Bt10 million. (The Nation, 23/08/16)
Comment: That added a little pop to both their share prices that day

Continue reading Stocks in the news (beauty, bjc, btw, ea, gpsc, itd, malee, ple, pttep, seafco, tfg, top, tpoly, vgi, work) 24.08.16

Stocks in the news (a, cpf, ea, genco, ihl, kbank, max, ple, prin, super, svi, tacc) 20.07.16

A
Areeya expects 2H16 to launch 6 new projects in total worth Bt5.6bn. It will maintain its 2016 sales target of Bt10bn and expects revenue of Bt7bn. It will bid for a government housing project this week. (Kao Hoon, 20/07/16)
Comment: It will be interesting to see the outcome of the government project work. Plus Areeya still has that leasehold project on Rajadamri.
 
CPF
CPF maintains its 2016 sales growth target of 10% and expects 2Q16 earnings to be good; it expects to report in early August. It plans to acquire businesses in the UK, Europe, US and Russia. Recently, it opened its first “MAGNET” in Chiang Mai and expects to expand to four branches this year. (Kao Hoon, 20/07/16)
EA
EA expects 2Q16 profit of Bt1bn or growth of 32%, supported by booking profit from 278MW solar farm and startup of 126MW wind energy in 2H16. This will lift 2016 profit to over Bt4bn. (Kao Hoon, 20/07/16)
Comment: There’s nothing new here except them bringing their projects online. I do wonder at what point will we see a renewable energy fund similar to a REIT?
 
GENCO
GENCO is setting up two subsidiaries to support future renewable energy business in the future. It plans to bid for and take over power plants. It expects 2Q16 earnings to be outstanding and 2016 to be a new high. (Thun Hoon, 20/07/16)
IHL
IHL set up “Inter Green” to diversify its business. It targets revenue from new business of no less than Bt200-250mn per year and expects gross profit of Bt150mn. This will increase 2016 revenue to Bt2.5bn. (Thun Hoon, 20/07/16)

Continue reading Stocks in the news (a, cpf, ea, genco, ihl, kbank, max, ple, prin, super, svi, tacc) 20.07.16

Stocks in the news (bem, big, bigc, gcap, gfpt, grand, gunkul, irpc, ivl, jasif, mint, mtls, pace, ple, richy, rml, sawad, tpc, tsr) 11.05.16

BEM
BEM expects to open MRT Purple Line on Aug 6. It expects this to increase 2016 revenue growth to 15% as it will book Bt500mn/quarter as operating revenue. It expects 60,000 passengers/day. (Khao Hoon, 11/05/16)
BIG
BIG reported 1Q16 earnings of Bt234mn (221% growth) thanks to the boom in digital cameras. It expects revenue and net profit to mark a record high this year. It targets its market share to hit 65% at the end of 2016. (Khao Hoon, 11/05/16)
Comment: Blow out earnings, ignore the fact that its already trading near a market cap of THB 12 bn, retail, research, prop, everyone is loving this.
BIGC
Central Group sells BIGC – Central Group yesterday confirmed it had sold its remaining 25% stake in Big C Supercenter to TCC Group, a holding company owned by tycoon Charoen Sirivadhanabhakdi. (The Nation 11/05/16)
GCAP
GCAP is beginning to offer nano-finance. It expects this to support its performance in 2H16. It expects loans to grow 50% to Bt400mn. It targets nano-finance loans of Bt20mn this year. It targets 2016 revenue to increase 10-15%. It expects to control NPLs to be under 12%. (Thun Hoon, 11/05/16)
Comment: We aren’t quite confident in their ability to grow given that the target customer are farmers…
 
GFPT
GFPT reported 1Q16 net profit of Bt275mn, up 25.99% because of higher revenue and revenue from investment in associates (McKey and GFN). (Khao Hoon, 11/05/16)
Comment: Subs led the way, rev growth was meh, margins in line, where is this increase in chicken price?

Continue reading Stocks in the news (bem, big, bigc, gcap, gfpt, grand, gunkul, irpc, ivl, jasif, mint, mtls, pace, ple, richy, rml, sawad, tpc, tsr) 11.05.16

Stocks in the news (bem, ci, gfpt, gpsc, hft, ilink, match, ple, ptg, salee, scp, super, utp, wha) 06.01.16

BEM
BEM expects to pay dividend this year on the expectation of 40% growth in net profit after the Sri Rat expressway and MRT Purple Line open. It plans to take part in bids for public projects in CBD and outskirts. (Khao Hoon, 06/01/16)
Comment: And now the largest infrastructure/transportation play is listed!

CI
CI expects a turnaround in 2015 performance from 2014 net loss of Bt20mn aided by condominium projects. It plans to launch a new Bt1bn condo and set up a Bt1.15bn REIT. (Thun Hoon, 06/01/16)

GFPT
GFPT expects to pay dividend of Bt0.23/share, 2.3% dividend yield. It expects chicken price to recover this year and better exports. It expects net profit growth of 26% thanks to less excess supply. (Khao Hoon, 06/01/16)
Comment: Still the best chicken company, good luck trying to figure out chicken price movement.

GPSC
GPSC expects growth in its power business this year on the back of government policy and its 20-year PPA. It expects some projects to start supplying electricity this year. It says it is not impacted by lower oil price. (Thun Hoon, 06/01/16)

Continue reading Stocks in the news (bem, ci, gfpt, gpsc, hft, ilink, match, ple, ptg, salee, scp, super, utp, wha) 06.01.16

Stocks in the news (akr, cpall, epco, mc, mill, ndr, pf, ple, sf, tndt, tsr, ttcl, tu) 05.12.15

AKR
AKR expects 4Q15 earnings to be highest backed by Bt500mn in transfers which achieved 2015 target revenue. It expects 2016 revenue of Bt3.2bn (+60%) aided by government projects. It expects to get a 9MW PPA for an agricultural cooperative solar farm in December. It expects to get Bt4bn in electric transformer projects. (Thun Hoon, 08/12/15)

BIG
BIG expects 4Q15 earnings to be peak. It plans to wipe out retained losses by the end of this year and pay a dividend on 2015 performance. It expects 2016 revenue to grow 10% by focusing on printing photos from smartphones. (Khao Hoon, 08/12/15)
Comment: That is the only “news” that seems to be supporting this stock, otherwise we don’t see much of a future in this niche player.

CPALL
CPALL plans to open 600 branches next year. It expects 2016 net profit of Bt15bn (+15%) from this year’s Bt13.2bn with Bt400bn in revenue. (Thun Hoon, 08/12/15)
Comment: By the looks of the stock price today funds just don’t like an executive team that front runs the market

EPCO
EPCO’s board approved investment in solar power plants in Japan (five projects, total 48MW). It expects this to supply electricity by 2Q16 and contribute Bt1bn in net profit for the life of the projects. It plans to list a subsidiary soon. (Thun Hoon, 08/12/15)

MC
MC expects 2016 revenue growth of 15% though it may achieve only 12% in this year because of the economic slowdown. Management says foreign companies are interested in becoming dealers. It plans to open new branches by the end of this year. It has budgeted Bt170mn to invest in 2016. (Thun Hoon, 08/12/15)
Comment: I still don’t care for the “Growth” story of this company, but at the right price definitely worth a look as its core business is ok.

Continue reading Stocks in the news (akr, cpall, epco, mc, mill, ndr, pf, ple, sf, tndt, tsr, ttcl, tu) 05.12.15

Stocks in the news (aot, apco, css, ea, fire, ifec, mtls, ple, s, scc, sena, siam, tsr, ttw, tvt, uv, world) 15.10.15

AOT
AOT reports 12.66% growth in FY2015 passengers at Suvarnabhumi airport to 52.38mn. (Khao Hoon, 15/10/15)
APCO
APCO expects 2016 net profit margin of 30-35% from 2015’s 25% backed by increasing distribution channels. It has introduced new products, APCOcapsule and APCOessence. It has postponed its capital increase. (Khao Hoon, 15/10/15)
CSS
CSS expects to benefit from 4G auction as it will bring in jobs for the construction and installation of communication towers. It will also benefit via subsidiary (NWC), which supplies tower and telecommunication equipment for ADVANC, TRUE, DTAC, TOT. It plans to ask for a 35MW PPA in government sector. It expects to get a tower installation project in Myanmar. It expects 2015 revenue to achieve its target growth of 20-25%. (Thun Hoon, 15/10/15)
Comment: Retail investors are all over this already in theory yes they should benefit tremendously, question is only if it is already priced in or not.
EA
EA expects 9-month net profit to surpass Bt1.9bn (+50%) backed by Bt600mn net profit in 3Q15 from a 188MW power plant. It expects a solar farm at Phitsanulok and wind power to start up at the beginning of next year. (Khao Hoon, 15/10/15)

Continue reading Stocks in the news (aot, apco, css, ea, fire, ifec, mtls, ple, s, scc, sena, siam, tsr, ttw, tvt, uv, world) 15.10.15

Stocks in the news (asimar, ba, ccp, ci, eforl, gfpt, kiat, ktb, lanna, match, ncl, paf, ple, solar, stpi, tasco, ticon, true, vng) 24.08.15

ASIMAR
ASIMAR says it is looking for a partner. It targets 2015 revenue of 15-20% as it expects to get two more jobs in 3Q15-4Q15. It expects to book revenue from two Cambodian ships. It plans to focus on ship maintenance jobs to increase margin from 10-30% to 50%. (Thun Hoon, 24/08/15)
Comment: ASIMAR has been looking for a partner for…years now.

BA
Management is considering investing in an aircraft maintenance depot offering area for
rent at Suvarnabhumi airport with a budget of Bt500-1000mn. It expects this to be finalized in 2015. (Post Today, 24/08/15)
Comment: Again the only value in BA, other than its monopoly in Samui is it’s holdings in BDMS, similar to CPF and CPALL

CCP
CCP is confident 2H15 net profit will be higher than 1H15. Its backlog is Bt2.3bn, of which it expects to book 60-70% this year. It is talking with a prospective partner to export to Myanmar and Laos, expecting this to be finalized in 4Q15. (Khao Hoon, 24/08/15)

CI
CI expects to revise up 2015 revenue growth to 20% from 2014’s Bt1.69bn aided by transfers. It plans to launch three projects with a total value of Bt3bn, which it expects will raise backlog from Bt5bn. It plans to set up a Bt1.5bn REIT in 2016. (Thun Hoon, 24/08/15)

Continue reading Stocks in the news (asimar, ba, ccp, ci, eforl, gfpt, kiat, ktb, lanna, match, ncl, paf, ple, solar, stpi, tasco, ticon, true, vng) 24.08.15

Stocks in the news (acd, aot, asimar, bsbm, crane, ea, irpc, lpn, mcs, pae, ple, sena, siri, bts, spali, star, tisco, tmill) 23.07.15

ACD
ACD targets 2015 revenue of Bt800mn with net profit backed by higher property transfers. It is talking to a prospective partner in China to invest in property development at tourist attractions in Thailand. (Khao Hoon, 23/07/15)

AOT
AOT expects bidding for Suvarnabhumi phase 2 be in February 2016. Total bids are valued at Bt43bn. Management is confident the plan will proceed as planned with operations starting in 2019. (Khao Hoon, 23/07/15)
Comment: At least this expansion is going ahead.

ASIMAR
ASIMAR expects 2Q15 earnings to surge 2,700% on booking revenue from Port Authority of Sihanoukville and Tourism Thailand. 3Q15 profit is expected to rise backed by upcoming bids and increasing demand for ship maintenance service. It expects 2015 earnings to mark a record high. Investors are interested in a takeover at Bt4 per share. (Thun Hoon, 23/07/15)

BSBM
BSBM expects to show net profit in 2Q15 from 1Q15 losses of Bt43.07mn aided by implementing cost control. It expects 2015 sales of 100,000 tons backed by large orders and the sale of all high cost products. (Thun Hoon, 23/07/15)
Comment: Never cared much for this company nor the industry that it operates, every steel co has suffered, is suffering and will continue to suffer.

CRANE
CRANE is confident 2015 revenue will achieve target 4% growth. It expects a Bt100mn acquisition to be concluded in 3Q15. It expects business to continue to trend up in the rest of the year aided by government projects investment. (Khao Hoon, 23/07/15)
Comment: In theory they should benefit tremendously, demand for Cranes should sky rocket over the coming years.

Continue reading Stocks in the news (acd, aot, asimar, bsbm, crane, ea, irpc, lpn, mcs, pae, ple, sena, siri, bts, spali, star, tisco, tmill) 23.07.15

Stocks in the news (advanc, amata, becl, bmcl, fsmart, beauty, hft, ilink, irpc, lanna, lh, loxley, ml, ple, ptg, ptt, ratch, qh, synex, ttw, wave, work) 25.06.15

ADVANC
ADVANC says 2Q15 profit is expected to grow to Bt9.1bn (+7%), with 1H15 growth of 6% to Bt19bn. It expects to pay interim dividend of Bt6.54/share, higher than last year’s Bt6.04/ share. (Khao Hoon, 25/06/15)
Comment: Analysts have now begun downgrading ADVANC’s potential profit growth for this year and next, but its still a good dividend payer

AMATA
AMATA is confident there is no impact from the drought. It says both its industrial estates have good water management. (Khao Hoon, 25/06/15)

BECL/BMCL
MOT tells EXAT to study the merger between BECL and BMCL to ascertain if it would be against the concession. This will be considered at the board meeting on July 14. (Khao Hoon, 25/06/15)
Comment: We doubt that there would be any negative impact here.

FSMART/BEAUTY
FSMART signed a contract with BEAUTY to invest in E-Commerce. It plans to set up 1,000 coin-operated scales and expects each one to contribute Bt500 per month. (Thun Hoon, 25/06/15)
Comment: Well, depends a lot on the revenue-sharing here.

Continue reading Stocks in the news (advanc, amata, becl, bmcl, fsmart, beauty, hft, ilink, irpc, lanna, lh, loxley, ml, ple, ptg, ptt, ratch, qh, synex, ttw, wave, work) 25.06.15

Stocks in the news (aot, abc, cho, css, delta, demco, drt, gl, hemraj, jas, ncl, nmg, ple, salee, samco, sawad, scc, super) 30.04.15

AOT
AOT revises down investment for Suvarnabhumi Phase 2 by Bt10bn from Bt62bn. The bidding will begin at the end of this year. Revenue is expected to grow 15% this year because of the increase in passengers. The Ministry of Finance is requiring a higher dividend but this does not affect its performance. (Khao Hoon 30/04/15)
Comment: Is the decrease because they have stamped out some corruption or really because Thailand has no $ and the MOF needs the cash.

ABC
Profit this year because ABC plans to sell 4,000 rai at Cha-am Hua-Hin with a gross margin of 70-80%. It will begin to sell in in 3Q15. It will eliminate retained losses of over Bt50mn and pay its first dividend in ten years. (Thun Hoon 30/04/15)
Comment: Will they be selling the land on their magical ecommerce website?

CHO
Cash dividend of Bt0.0605/share approved, payment on May 27. Khun Surachet Thaweesaengsakulchi says revenue will rise at least 15% YoY on the benefit from raising backlog to Bt600mn. It expects to book revenue this year. It is also prepared to bid for numerous projects. (Thun Hoon 30/04/15)

CSS
Capital increase to Bt587.99mn was approved by shareholders. This will back the stock dividend of 5 existing shares for 1 dividend share or equal to a cash dividend of Bt0.1 per share. CSS shareholders also approved to buy Neonwork Communication. It says its business continues to trend up. It has set this year’s revenue target at Bt4.8-5bn. (Thun Hoon 30/04/15)

Continue reading Stocks in the news (aot, abc, cho, css, delta, demco, drt, gl, hemraj, jas, ncl, nmg, ple, salee, samco, sawad, scc, super) 30.04.15