ABC has signed an MoU to rent a commercial building. It plans to use this area as an integrated services animal hospital. It plans to launch a Bt2.5bn condo on Sukhumvit 39. (Khao Hoon, 19/01/16)
Comment: Whenever I’m reading news about this company my head begins to cock to the side like a dog when it sees something confusing. IT to e-commerce to renewables to property to animal hospitals. YES! I can see the differentiating factor here so very clearly, they will launch an animal hospital (commercial) where pet’s owners can stay next door (residential), pay everything online via an ecommerce system (IT/ecommerce), where the neutering operations will be solar powered! Booyah!
ASIAN expects 2015 sales of Bt8bn with Bt60-200mn net profit after it has revised its business strategy. It is looking for a partner. (Khao Hoon, 19/01/16)
BTS is budgeting Bt140bn to support the operational management and investment in five MRT routes covering 114.4km. It expects this to be put up for bid by 1Q16. It estimates ridership of 1mn/day. (Thun Hoon, 19/01/16)
Comment: We do wonder aloud what will happen to the stock price when the dividend disappears…
EPG expects 3QFY16 earnings to grow 100% from 3QFY15’s Bt148.05mn thanks to the baht depreciation. It expects a net profit margin of 15% on lower oil prices. (Thun Hoon, 19/01/16)
Comment: Commence head banging against the wall, saw them at THB 9/share and could never really get my head around the company’s potential.
AJD reported 9M15 net profit of Bt25.64mn (+1,007%YoY) thanks to high sales of set-top boxes and electric appliances. It expects 4Q15 earnings to be good on seasonality and online topup machines. 2016 performance is expected to grow significantly. (Thun Hoon, 18/11/15)
BJCHI expects 4Q15 earnings to be highest. It expects to book Bt1.7bn revenue from Bt5.2mn backlog. It expects 2015 revenue to grow 15% to Bt5.3bn. It plans to take part in Bt40bn bidding and expects to be awarded Bt6.5bn. (Khao Hoon, 18/11/15)
Comment: And this growth despite the 50% decrease in oil prices
CHO reported a drop in 3Q15 earnings of Bt32mn but it expects to recover in 4Q15. Its backlog is Bt600mn of which 50% is expected to be booked in 4Q15. (Khao Hoon, 18/11/15)
Comment: Expect to see an interview on this company soon.
CI plans to take over hotels at home and overseas; it expects this to be finalized next year. It plans to launch three new projects, valued at Bt5bn, which will raise its backlog to Bt3bn. 4Q15 net profit is expected to be a record high from seasonality and transfers that were spurred by property incentives. (Thun Hoon, 18/11/15)
Comment: First they cleaned their balance sheet, then a share buyback and now M&A deals, not a bad move by this family.
CSL expects to show a net profit this year after achieving Bt248mn in net profit for first nine months. It expects 2015 revenue to grow 1-3%, close to last year’s, affected by a poor performance by its yellow pages and mobile contents businesses. It expects to maintain margin and will implement cost control next year. (Khao Hoon, 18/11/15)
AUCT expects 3Q15 earnings of Bt58mn (+8%). 4Q15 net profit is expected to be good aided by seasonality. It expects this to raise 2015 net profit to Bt227mn (+12.5%). It has applied to join the 4G auction. (Khao Hoon, 10/11/15)
Comment: We think that the news is slightly incorrect for AUCT, more that AUCT would love to be the firm holding the auction on behalf of the government
EE expects 4Q15 earnings to turn around backed by orders from China from ethanol stimulus measures. It expects 2016 net profit to be good aided by 240MW power plants. It plans to wipe out retained loss of Bt684.36mn with dividend payout of 40% as is its policy. (Thun Hoon, 10/11/15)
GCAP is talking to a prospective partner to expand its business, lending on agricultural machines, which it expects to finalize soon. It targets 2015 loans for crepe rubber machines to reach Bt20mn from the addition of customers. It expects 3Q15 earnings to be good backed by increased demand for loans. It plans to expand to corporate loans in 2016. (Thun Hoon, 10/11/15)
Comment: A rather interesting little company, but has the decrease in agricultural prices killed its target market?
GOLD’s board has approved a capital increase of 685.7mn shares for PP to FPHT at Bt7.25/share, equal to Bt4.97bn. It plans to use the funds from the capital increase for new projects. It reported 3Q15 earnings of Bt133.52mn (+71%) with revenue of Bt2bn. It plans to pay an interim dividend of Bt0.05/share, XD on Nov 19, PD on Dec 3. (Thun Hoon, 10/11/15)
Comment: Ah well, people are still holding out for the REIT
ACD expects to show net profit in 3Q15 backed by property management fees of Bt35mn. It plans to buy three hotels in Phuket, expected to be finalized in 4Q15. It plans to acquire more property business in Laos and Cambodia. It is confident 2015 revenue will be higher than Bt1bn and expects to wipe out retained losses within two years. (Thun Hoon, 15/07/15)
ANAN expects 2H15 revenue of Bt10bn backed by revenue recognition. Management says it plans to launch new projects that will contribute revenue for the next three years. (Thun Hoon, 15/07/15)
Comment: I think the journo’s don’t understand what they are writing here, ANAN isn’t going to have THB 10 bn in revenue in its 2H15, perhaps an additional THB 10bn of new backlog to be recognised in the future.
DCC plans to open new outlets in Cambodia and Laos. It expects exports to double this year benefitting from numerous orders from Sri Lanka, the Philippines, and Malaysia. It targets sales of Bt7bn with profit in the double digits. (Thun Hoon, 15/07/15)
Comment: Every thai co in this segment has to expand overseas, the domestic market is dead for them, until agricultural prices increase …
ERW expects tourist sector to continue to trend up in 2H15. It expects 2015 revenue to grow 30-35%. It plans to open 5 HOP INN hotels in 3Q15-4Q15 and 10 in 2016. (Thun Hoon, 15/07/15)
Comment: Always liked this company, but its a asset heavy business and despite their best attempts it isn’t easy to increase value.
BGT targets gross margin of 40% backed by implementing cost control and introducing new products. 2Q15 profit is expected to be good. It expects 10% revenue growth this year. It plans to expand abroad. (Thun Hoon, 29/06/15)
Comment: I’ve always thought they knew how to run a good retail business, but the numbers haven’t been any good for the past few years
TRIS Rating has assigned company rating at “BBB-“ with stable outlook. This rating reflects the company’s strong fundamentals, protected revenue sharing, and its expansion to the power business. (Khao Hoon, 29/06/15)
CPALL has issued a Bt1.3bn debenture for debt repayment. It plans to open 600 outlets each year, focusing on ready to eat foods, expected to support 10-15% sales growth. (Thun Hoon, 29/06/15)
Comment: The only thing that matters for CPALL within the next 12 months is 1) When will they sell shares in MAKRO 2) How much of these share sale will go to paying down the debt 3) Then CPALL’s stock price can continue its rise.
CSS expects growth in 2H15 backed by a robust in telecommunications sector. It expects 2015 revenue to increase to Bt5bn supported by investment in 3G-4G network. 2016 revenue is expected to be good aided by alternative energy business. (Khao Hoon, 29/06/15)
It is starting its project acquisition strategy by buying a condominium project worth Bt700mn. It plans to buy Bt350mn in property in Phuket. Management says it will wipe out retained loss of Bt300mn. It plans to invest in alternative energy next year. (Thun Hoon, 04/06/15)
Comment: Another hybrid of property and alternative energy, am i missing the synergies here?
The 3.2604MW solar power plant in Japan will operate on June 5 after the first 4.019MW solar power plant started up last year. CEO says the 10.7206MW power plant is progressing and startup is expected this year. (Thun Hoon, 04/06/15)
Expects new high for 2015 earnings backed by Bt6.1bn backlog, of which it expects to book Bt3.6bn this year. It is prepared to bid for Bt11.7bn in new projects and expects to get Bt2bn of these. It does not have a plan to acquire more WEH stock after taking 4%. (Khao Hoon, 04/06/15)
Comment: DEMCO’s business is well understood, but the overhanging factor remains WEH
EPG affirms 30% growth in FY2016 revenue (Apr 2015-Mar 2016) to Bt9bn, benefitting from an uptrend in its business. It plans to invest Bt500mn to buy a company in Thailand and China. (Khao Hoon, 04/06/15)