Tag Archives: pps

Stocks in the news (abc, ah, aot, asefa, ck, cpn, dcon, delta, ecl, gunkul, ifec, irpc, itd, loxley, phol, pps, tpch) 26.08.16

ABC
ABC is ready to start presales of ABOVE Sukhumvit 39 condo. It expects presales to reach 70-80%. It expects to wipe out its retained losses this year. (Thun Hoon, 26/08/16)
Comment: Argh….I’m bored of reading news about this company
AH
AH maintains 2016 revenue growth target at 5%, aligning with the auto industry. It expects 2H16 revenue to be better than 1H16 on the back of large orders. Its investment budget is Bt300400mn. It targets net margin to reach 10% in 2020. (Khao Hoon, 26/08/16)
Comment: With the reduced number of shares from their buybacks, a slight improvement in performance, could this company, for the first time in … a decade be the best performer out of all the automotive manufacturers?
AOT
AOT is budgeting Bt190bn to invest in six airports. It expects four contracts for Suvarnabhumi phase 2 to put up for bid by 2016. (Thun Hoon, 26/08/16)
Comment: Wow. If this really does happen could AOT hit 1,000? I wouldn’t bet against it.
 
ASEFA
ASEFA expects 2H16 performance to be good on seasonality. Its backlog is Bt1.82bn, of which it expects to book 60-65% this year. It plans to take part in Bt2.5bn bids and to get Bt700mn of this, which will raise backlog to Bt2bn. It targets 2016 revenue to rise 20%. (Khao Hoon, 26/08/16)
CK
CK revised up 2016 revenue target to Bt480bn from Bt38bn, backed by Bt80bn backlog, with project transfers expected soon. It plans to take part in Bt35bn in bids and to get the Bt25bn MRT Blue Line extension this year . (Khao Hoon, 26/08/16)
Comment: I wonder how the news decided THB 480 bn in revenue was possible?
CPN
CPN is budgeting Bt60bn to invest in five new department stores and to renovate five others. It targets 34 stores within 2018. It plans to expand to Vietnam and Indonesia. It targets 2016 revenue to grow 15%. (Khao Hoon, 26/08/16)
Comment: Watch them open a mall in Vietnam and Malaysia. 
 
DCON
DCON expects 3Q16 earnings to be good aided by numerous orders. It targets 2016 revenue to reach Bt1.1bn brought by transfers. It expects an extra gain of Bt105mn from selling land at Lopburi, booked in 2017 . (Thun Hoon, 26/08/16)
DELTA
DELTA plans to focus on ASEAN market because of higher demand. It plans for the ASEAN market to contribute 10% revenue. It also plans to focus on India. It plans to invest in an R&D center, with revenue from this in 2017. (Thun Hoon, 26/08/16)

Continue reading Stocks in the news (abc, ah, aot, asefa, ck, cpn, dcon, delta, ecl, gunkul, ifec, irpc, itd, loxley, phol, pps, tpch) 26.08.16

Stocks in the news (bjchi, ck, crane, css, fpi, gland, gpsc, itd, jmart, kwg, loxley, mill, nok, nyt, pps, qh, sf, trt tse) 22.08.16

BJCHI
BJCHI expects to get a new job worth Bt10bn to add to its backlog of Bt3.1bn. It plans to expand to a new market. It expects 2016 revenue to grow 15% from Bt5.75bn last year supported by backlog awaiting booking. (Thun Hoon, 22/08/16)
Comment: Regardless of the oil price decline BJCHI still seems to somehow continue winning projects
CK
CK expects 3Q16 to be good as it will book backlog. It plans to bid for big government projects such as Orange Line worth Bt300bn and expects to get 20-25% of its bids. (Thun Hoon, 22/08/16)
CRANE
CRANE got the job of managing Trang port and providing service for cranes. It expects to book revenue of Bt30-50mn this year. It expects a lower net loss this year because of higher demand from public investment. (Khao Hoon, 22/08/16)
CSS
CSS expects 3Q16 to be good as it expects to get jobs in Suvarnabhumi Phase 2 and from BTS. This will add to its backlog of Bt1.3bn; it also expects revenue from its subsidiaries. It is confident that 2016 revenue will hit target of Bt5bn with revenue of Bt10bn over the next three to five years. (Thun Hoon, 22/08/16)
FPI
FPI is confident that 2H16 earnings will grow strongly and add to profit, supported by a weak baht, low oil price and low plastics prices. It plans to increase painting capacity by 35% in September to support OEM orders. It expects revenue growth of at least 10%. The board approved an interim dividend of Bt0.06/share, XD on Sep 9. (Thun Hoon, 22/08/16)
GLAND
GLAND plans to invest in office building for rent (The Super Tower), valued at Bt18bn in 2017. It believes this will bolster revenue. It expects to book revenue from leasable area at G Tower in 3Q16 after occupancy rate reached 70%. (Khao Hoon, 22/08/16)
Comment: Still part of the longterm master plan, we do suspect a REIT will be announced in due course given the need for capital

Continue reading Stocks in the news (bjchi, ck, crane, css, fpi, gland, gpsc, itd, jmart, kwg, loxley, mill, nok, nyt, pps, qh, sf, trt tse) 22.08.16

Stocks in the news (advanc, ajd, arrow, brr, iec, lst, maco, npp, nwr, pf, pps, ptt, ups) 29.03.16

ADVANC
ADVANC has budgeted Bt2bn to upgrade 4G client services. It targets expanding to 121 branches by the end of 2016. (Kao Hoon, 29/03/16)

AJD
AJD work with Alibaba to service Alibaba members in Thailand. It sets member target at 5,000 members or revenue of Bt250mn in 2016. (Thun Hoon, 29/03/16)

ARROW
ARROW expects 2016 profit to be a new high. It is confident that revenue will reach Bt1.4bn. It expects 1Q16 earnings to be good supported by more sales, its backlog of Bt250mn and bids for government jobs. (Kao Hoon, 29/03/16)
Comment: And they continue and continue to grow and grow, at what point do they need to increase capacity to maintain this path?

BRR
BRR expects revenue and profit in 2016 to grow, driven by rising in sugar price. It expects to get 2.2mn tons of sugar cane and book full-year revenue from its biomass power plant. It expects to increase power plant revenue to 20%. (Kao Hoon, 29/03/16)
Comment: Sugar prices have rebounded from 10 to ~14 now so would 1Q-2Q should begin to look decent for all the sugar names in Thailand compared to last year.

Continue reading Stocks in the news (advanc, ajd, arrow, brr, iec, lst, maco, npp, nwr, pf, pps, ptt, ups) 29.03.16

Stocks in the news (ait, ecf, fpi, gfpt, glow, ifec, jwd, mcs, mtls, nok, pranda, pps, pylon, samco, scn, seafco, spa, tpch, tu, twz) 25.02.16

AIT
AIT is talking to A prospective partner to provide data center service. It expects this to need Bt400mn capital investment. It plans to ask board approval in April. It plans to take part in Bt10bn public bids, of which it expects to get 40-50%. (Khao Hoon, 25/02/16)
Comment: They’ve come out saying a few times that they want to diversify away from being a project based company, and if the government is really adamant on these data centers then it just sounds like another great cash flow for those that are able to win these contracts

ECF
ECF reported 2015 net profit of Bt75mn. It will pay a dividend of Bt0.05/share, XD on April 19. It targets 2016 revenue of Bt1.5bn. (Khao Hoon, 25/02/16)

FPI
FPI targets 2016 revenue growth of 10% as the auto sector bottoms out. Its backlog is Bt600mn. It expects Bt300mn to be booked this year. It is talking to a partner to expand to India. (Khao Hoon, 25/02/16)
Comment: Haven’t they said that the deal in India was already completed?

GFPT
GFPT targets 2016 revenue to reach Bt16-18bn thanks to broiler price recovery and lower cost. (Thun Hoon, 25/02/16)
Comment: Well they have benefited from lower raw mat costs, the only question here is will the domestic price of chicken increase?

GLOW
GLOW’s board approved investing in Vietnam and Malaysia. Its 2015 net profit is Bt8.35bn. It will pay a dividend of Bt4.36/share, XD on April 29, PD on May 26. (Khao Hoon, 25/02/16)
Comment: Don’t be surprised to see GLOW continually offering special dividends every year

Continue reading Stocks in the news (ait, ecf, fpi, gfpt, glow, ifec, jwd, mcs, mtls, nok, pranda, pps, pylon, samco, scn, seafco, spa, tpch, tu, twz) 25.02.16

Stocks in the news (big, bjchi, color, dcorp, demco, delta, eason, mill, planb, pps, qtc, scc, seaoil, sr, tcmc, thai, tipco, tpark, trubb) 14.01.16

BIG
BIG is budgeting Bt200-150mn to expand its business by opening more branches. It expects 2015 revenue to mark a record high and to pay its first dividend. It expects 2016 earnings to be good. (Thun Hoon, 14/01/16)
Comment: I’ve been surprised by their continuing positive performance but I still have doubts on their sustainability

BJCHI
BJCHI’s board has approved the share repurchase program for the purposes of financial management. It has set the maximum at not exceeding Bt250mn, equal to 40mn shares (2.5% of registered shares). It expects this to confirm its good outlook in the minds of investors and to give them the message that current share price is undervalued. It targets 2016 revenue growth of 15%. (Thun Hoon, 14/01/16)
Comment: Oil price drop? Who cares! Obviously not BJCHI’s board with their announcement yesterday to do a share buyback.

COLOR
COLOR targets 2016 revenue growth of 7-8% backed by Bt150mn in transfers contributing revenue in 2Q16. It expects to take part in upcoming bids. It plans to expand to ASEAN, Australia, and Europe. (Khao Hoon, 14/01/16)

DCORP
DCORP signed contract with Yingli Solar to set up a solar cell plant for Bt689mn. It expects this to start up by 2H16. (Thun Hoon, 14/01/16)

DEMCO
DEMCO expects 2016-2017 revenue to grow driven by construction, steel structure, and service businesses. It expects 2016 revenue of Bt6-6.5bn. (Post Today, 14/01/16)
Comment: Effectively 4Q15 was crap, 1Q16 will be crap and in a perfect world 2Q16 returns to normal.

Continue reading Stocks in the news (big, bjchi, color, dcorp, demco, delta, eason, mill, planb, pps, qtc, scc, seaoil, sr, tcmc, thai, tipco, tpark, trubb) 14.01.16

Stocks in the news (ap, brr, bwg, emc, epco, ilink, kc, major, pps, sppt, ssi, tpipl, uwc, win) 22.09.15

AP
AP expects 2H15 backlog of Bt14.47bn, of which Bt8.47bn is expected to be booked this year. It expects 2015 revenue of Bt25.3bn as it has achieved Bt20.9mn. (Khao  Hoon, 22/09/15)
BRR
BRR plans to issue a Bt2bn 2-year debenture. It expects to use the cash from this to increase capacity to 23,000 tons/day. (Khao Hoon, 22/09/15)
Comment: Every company should be issuing debentures to take advantage of this low interest rate environment. 
BWG
BWG expects M&A to be finalized soon. It is ready for new machinery for the waste power plant which is expected to supply electricity next year. It expects 2H15 earnings to be good on the back of high demand. It expects 2015 revenue to grow 15% as targeted. (Thun Hoon, 22/09/15)
EMC
EMC has launched Palmio Amata Nakorn condo which targets workers in Amata industrial estate. It expects to recognize Bt261mn revenue in 4Q15. (Thun Hoon, 22/09/15)
EPCO
EPCO expects to get a 600MW cooperative solar farm project. It expects a 15MW Japanese solar farm to be finished and supply electricity in 3Q15. It expects 2015 revenue to grow 10% and net profit to grow 15%. (Khao Hoon, 22/09/15)
Comment: EPCO does have quite the professional team targeting renewable projects, no surprise in their ability to win projects

Continue reading Stocks in the news (ap, brr, bwg, emc, epco, ilink, kc, major, pps, sppt, ssi, tpipl, uwc, win) 22.09.15

Co Visit: Project Planning Service Plc (PPS)

Added value and ethical practices  underpin Project Planning Service

Project Planning Service Plc (PPS), which has been listed on the Market for Alternative Investment since September 2012, is a major engineering professional services firm. Phongthon Tharachai, deputy managing director, discusses the company’s strategy and outlook.

What is PPS’s business model?

We offer a comprehensive range of project consultancy services that includes management and construction supervision of construction work such as buildings and infrastructure, structural and architectural work, civil work, utility systems, landscape, interior decoration and others. We have executed more than 200 domestic and cross-border projects for both public and private-sector clients. The former include the Bank of Thailand and Suvarnabhumi airport (phase one), and the latter include the Grand Hyatt Erawan Bangkok, CentralWorld and Central Embassy, Makro and Tesco Lotus stores.

pps

Mr Phongthon says the weak economy and lack of transparency remain risks.

Who are PPS’s target customers?

 We are able to service a wide variety of customers and projects in the retail, residential, healthcare, education, hospitality, industrial, office and public infrastructure fields. Because PPS has been in this business for 28 years we have been able to gain the trust of our customers, which is why we have very high repeat business from these groups.

What is PPS’s value proposition to its clients?

Our role as a project manager is to ensure that the budget, quality and timing are within the customers’ expectations. The knowledge that we provide to our clients is intangible and difficult to prove until after a project is completed and then clients realise the value that we provide. Also, given that our services typically represent only 1-2% of project value, it is a very small price for project owners to pay in order to alleviate the stress and complexities that come with managing a project.

We have also grown beyond merely offering engineering advice and construction management, and through our subsidiaries and investments in other businesses we can offer other services. For example, PPS Design Co Ltd offers services in structural design and system building work. Swan & Maclaren (Thailand), specialising in architectural and interior design, is a joint venture with Swan & Maclaren LLP, one of the oldest architectural design firms in Singapore. PPS Information Consultant Co Ltd offers services in information technology, in particular media and advertising, and has created its own programme to facilitate construction supervision.

Continue reading Co Visit: Project Planning Service Plc (PPS)

Stocks in the news (bkd, becl, bmcl, cpr, css, fpi, irpc, kbank, kcm, match, mcs, ml, nwr, pps, ptg, ptt, pttgc, rml, smt, spa, tgpro, tpoly, trt, true, tvd) 26.08.15

BKD
BKD expects 3Q15 revenue to be higher than 2Q15. It expects to be awarded projects valued at Bt1.3bn in 4Q15. It expects 2015 revenue of Bt1.3bn as Bt2.5bn in backlog is expected to be booked. It targets 20% revenue growth next year. It plans to launch a property project in 2Q16. (Khao Hoon, 26/08/15)

BECL/BMCL
BECL expects the merger of BECL and BMCL to be finished by October with the new company trading in November. It expects to book a Bt1bn extra gain from BMCL in 3Q15. It expects Sri-Rat highway to open in July 2016. (Khao Hoon, 26/08/15)
Comment: The question still stands whether or not the company will be considered to be more valuable when the two entities combine, financial theory says no, thai investors may say otherwise.

CPR
CPR expects 2015 net profit of Bt50mn after it has reaching Bt27mn in 1H15. It expects 2015 revenue of Bt500mn backed by a broader customer base. It plans to add more farming machinery in 2017. (Thun Hoon, 26/08/15)

CSS
CSS has opened a new warehouse and office as management expects the telecom business to continue to trend up. It expects 2015 revenue of Bt4.8-5bn. (Thun Hoon, 26/08/15)

FPI
FPI expects 2015 revenue to achieve 20% target growth on the back of lower material cost and baht depreciation. It expects net margin of 13% this year. It is talking with ECF to invest in a 120MW biomass power plant, which is expected to be finalized in December. (Khao Hoon, 26/08/15)

Continue reading Stocks in the news (bkd, becl, bmcl, cpr, css, fpi, irpc, kbank, kcm, match, mcs, ml, nwr, pps, ptg, ptt, pttgc, rml, smt, spa, tgpro, tpoly, trt, true, tvd) 26.08.15

Stocks in the news (bts, cgs, dcon, ea, egco, ktb, oishi, nch, nusa, pps, sena, tk, top, thcom, tpoly, tvd, ureka, uwc, wha) 06.07.15

BTS
MRTA plans to negotiate with BTS to operator the Green Line (Bearing-Saput Prakan) rather than putting it up for bidding. (Khao Hoon, 06/07/15)
Comment: Well because BTS already operates every other part of the BTS, the question is only down to politics and fee-arrangements now

CGS
CGS acting as financial advisor for Ankor Kasemkam Roongroeng, a company in Cambodia. (ASTV, 06/07/15)

DCON
DCON and partner plan to set subsidiary to invest in Bt3bn 30MW biomass power plant. Management expects this plant to generate revenue of Bt50mn each year. 2Q15 profit is expected to surge backed by property business and double track project. (Thun Hoon, 06/07/15)
Comment: Now thats a positive move for DCON, but the earnings are still based upon its property project for the near term

EA
EA expects electricity capacity to reach 396mn units this year (30% revenue growth), adding a 188MW power plant. A 90MW solar farm at Phitsanulok is expected to be completed this year. (Khao Hoon, 06/07/15)

Continue reading Stocks in the news (bts, cgs, dcon, ea, egco, ktb, oishi, nch, nusa, pps, sena, tk, top, thcom, tpoly, tvd, ureka, uwc, wha) 06.07.15

Stocks in the news (acd, bbl, cho, dna, tcc, fvc, itd, kbank, lhbank, ori, pps, ptt, samtel, tvd) 19.06.15

ACD
ACD plans to acquire three hotels in Phuket worth Bt10bn, expecting to finalize the deals within this year. It also plans to acquire businesses in Laos and Cambodia. It expects to achieve revenue above Bt1bn this year. (Thun Hoon, 19/6/15)

BBL
BBL sold 484mn shares of IRPC at Bt4.06/share to foreign funds. (Khao Hoon, 19/6/15)
Comment: Clever move on the part of BBL, never cared much about this so-called long term “Phoenix” project that IRPC have been touting for years.

CHO
BMA insists NPG project is transparent. In response to Bestrin Group’s appeal to the prime minister to investigate the transparency of the NPG bus project, the Bangkok Mass Transit Authority insists the bid for NGV bus project was transparent and it will go ahead and sign two contracts with CHO to provide the NGV buses and maintenance services in June. (Khao Hoon, 19/6/15)

DNA/TCC
DNA acquired 8.32% stake in TCC for Bt180mn. TCC expects revenue to grow 10% this year on the back of rising demand. (Thun Hoon, 19/6/15)

Continue reading Stocks in the news (acd, bbl, cho, dna, tcc, fvc, itd, kbank, lhbank, ori, pps, ptt, samtel, tvd) 19.06.15