Tag Archives: preb

Stocks in the news (gift, gl, gunkul, ilink, kce, ksl, malee, preb, pylon, sappe, sc, scc, tsr, tvt, uec) 13.07.16

GIFT
GIFT is talking to a prospective partner to set up a subsidiary to operate in the power business with a 25% stake. It plans to expand to the utilities business with cash on hand of Bt230mn. It expects to list on the SET, with finalization in a month. It expects 2016 revenue to mark a record high with 10-15% growth. (Thun Hoon, 13/07/16)
Comment: This could explain yesterday’s stock price increase, no idea how a chemical distributor gets into this.
GL
GL got the license from OJK (Otoritas Jasa Keuangan) to provide financial services in Indonesia. It expects this to boost its sales and net profit. (Khao Hoon, 13/07/16)
Comment: We doubt that they’ll be as successful in Indonesia as they were in Cambodia, but this is still great nonetheless
 
GUNKUL
GUNKUL expects 2016 revenue to grow 30% from 2015’s Bt4.87bn. It does not worry about 2Q16 performance as it expects LED business to contribute revenue. It expects revenue to reach Bt300-400mn this year. It expects to take part in many alternative energy projects. (Thun Hoon, 13/07/16)
ILINK
ILINK expects to take part in four project bids, valued at Bt7bn. It expects the bid winners to be announced this year. It expects a Bt2.5bn MEA project to put up for bid on July 21. It expects to get all four projects. (Khao Hoon, 13/07/16)
Comment: And they still have the IPO of their subsidiary coming up

Continue reading Stocks in the news (gift, gl, gunkul, ilink, kce, ksl, malee, preb, pylon, sappe, sc, scc, tsr, tvt, uec) 13.07.16

Stocks in the news (banpu, bjc, bts, fvc, ifec, ivl, ktis, mc, mjd, preb, pt, tfg, thani, uniq, vte) 11.07.16

BANPU
BANPU expects to benefit from BPP because it has a 70MW solar farm in China. It expects the remaining 20MW to start up by 3Q16. (Khao Hoon, 11/07/16)
BJC
BJC has cancelled its capital increase PP of 800mn shares as investors needed more time to decide but the company had time constraints. It will do a rights offering next time around. (Khao Hoon, 11/07/16)
Comment: It’s no surprise that it failed because the RO has just done at 35, which investor would accept a PP @ 40?
 
BTS
BTS expects to sign the contract to operate MRT Green Line extension (North-South) by Dec 2016. It targets passenger growth of 5-6%. It expects operate the MRT Pink, Yellow, and Orange lines. It says its property business is still good, with backlog reaching Bt10.642bn. It expects this to contribute revenue till 2019. (Thun Hoon, 11/07/16)
FVC
FVC is studying investing in a new business. It expects 2H16 earnings to be good aided by Bt200mn from its medical business. It expects 2016 revenue to reach its target of Bt400-500mn. It expects net profit to be back to black this year. (Thun Hoon, 11/07/16)
IFEC
IFEC expects Dhara Dhevi to exit from rehabilitation at the end of August. It expects to book extra gain from debt restructuring in 2Q16. It expects to sell land and residences. It expects to complete the purchase of solar and wind power plants in 3Q16. It targets operations of 100MW this year. (Khao Hoon, 11/07/16)

Continue reading Stocks in the news (banpu, bjc, bts, fvc, ifec, ivl, ktis, mc, mjd, preb, pt, tfg, thani, uniq, vte) 11.07.16

Stocks in the news (aot, egco, epg, fn, gold, gunkul, lit, nncl, pf, preb, ps, sappe, tcc, tmill) 26.05.16

AOT
The board of directors of Airports of Thailand’s (AOT) yesterday approved the master plan for the development of Chiang Mai airport. The project will be carried out in two phases. The first, set for 2016 to 2025, is aimed at boosting the airport’s passenger capacity to serve 18 million travelers a year. In the second phase, from 2026 to 2030, the capacity will be further increased to serve 20 million passengers per year, of which 8 million will be international passengers and 12 million domestic travelers. (The Nation, 26/5/16)
Comment: And the monopoly will continue growing, interesting fact learnt last night, Thailand has ~30-40 mn visitors p.a., Spain has ~70mn. 
 
EGCO
EGCO expects to book revenue from Khanom power plant unit 4 in 3Q16 and expects to start commercial operations on June 19, 2016. The Chaiyaphum wind farm is expected to start up in late 2016. It plans to expand its business abroad, with an eye especially on the Philippines. It plans to cooperate with a partner to invest in a battery storage electrical system. (Kao Hoon, 26/5/16)
EPG
EPG expects 2017 revenue to grow to Bt10bn supported by continued growth in its overall business. Government projects will increase construction materials demand. It expects the board to approve new investment. (Thun Hoon, 26/5/16)
Comment: But the driver is still going to be the shift from metal based materials on automotives to plastic based. 
 
FN
FN sent filing to the SEC for an IPO of 250 million shares. It plans to expand its branches and renovate old branches. (Thun Hoon, 26/5/16)
GOLD
GOLD expects 2Q16 to be good supported by property tax incentives. It expects 2016 revenue will hit its target of Bt9.7bn supported by more demand. It plans to build a condo and open 12 new projects. This will increase its backlog from Bt4bn. (Thun Hoon, 26/5/16)
Comment: Their issue, just as we have already seen with PS, is that there is a certain limitation to how far a property company can grow in Thailand as Bangkok is the only real targetable market.
 
GUNKUL
GUNKUL plans to acquire a company that has a solar farm PPA. It expects to get 150MW this year. It expects more revenue in 2H16. It plans to increase its revenue target of Bt5.8bn in 3Q16. (Thun Hoon, 26/5/16)

Continue reading Stocks in the news (aot, egco, epg, fn, gold, gunkul, lit, nncl, pf, preb, ps, sappe, tcc, tmill) 26.05.16

Stocks in the news (acc, aeonts, banpu, fsmart, hmpro, jutha, ktb, ktis, lst, max, ndr, npp, preb, sccc, spa, true, trc, vte) 14.03.16

ACC
ACC’s shareholders have approved 300mn share capital increase, at par Bt0.25 with warrant at a ratio of 4:1 and an exercise price of Bt1.25. It will use the funds for business expansion. It expects 2016 revenue to turn around on the back of alternative energy and property business. Its power plant business has already contributed revenue in Jan 2016. (Thun Hoon, 14/03/16)
Comment: Another odd (but new!) company that will somehow magically combine alternative energy and property development…

AEONTS
AEONTS plans to expand to 300,000 credit cards this year, focusing on young adults with a monthly income of over Bt30,000 of income. It expects to tighten extending credit to factories given the slowdown in export growth. (Khao Hoon, 14/03/16)

BANPU
BANPU’s board approved a capital increase of 2.582mn shares, at a ratio 2 old: 1 new at Bt5 with 1 warrant. It will use the funds to restructure its financing and lower debt from Bt12.9bn currently, in the process cutting D/E to 1.23X. (Thun Hoon, 14/03/16)

FSMART
FSMART expects 2016 revenue growth of 30%. It targets 90,000 Boon-Term Top-Up machines by the end of this year from 71,000 at the end of February. It plans to offer a new service, money transfers via Top-Up machines, in April and an e-wallet in mid-2016. (Khao Hoon, 14/03/16)
Comment: If the top line growth is this high, expect for bottom line to grow at 1.5x multiple…

Continue reading Stocks in the news (acc, aeonts, banpu, fsmart, hmpro, jutha, ktb, ktis, lst, max, ndr, npp, preb, sccc, spa, true, trc, vte) 14.03.16

Stocks in the news (beauty, bcp, cbg, iec, fire, j, jmart, nusa, preb, rml, samart, tfd) 01.02.16

BEAUTY
BEAUTY targets 2016 revenue of Bt2.1bn, up 20% on the back of opening new branches at home and abroad, launching new products, and a focus on the online market. It expects 2015 revenue to be above Bt1.7bn. (Khao Hoon, 01/02/16)
Comment: And they still keep growing and growing! *continue to smack head against the wall*

BCP
BCP has budgeted bt10bn to invest in power businesses which it expects will support its growth. It expects to complete a deal by next week. (Khao Hoon, 01/02/16)

CBG
CBG revised down its marketing budget from Bt500mn to Bt300-400mn because consumer purchasing power has not recovered. It plans to waiting for government stimulus measures, hoping this will inject money into the economy, especially grass roots. (Post Today, 01/02/16)
Comment: We do wonder aloud…will their multi brand multi product approach work? I have yet to see an independent Thai consumer company be very successful at this

IEC
IEC signed contract with 8 clients to sell thermoplastics valued at Bt130mn. It plans to increase its capacity by 2Q16. It is confident its shareholders will okay a capital increase. It expects funding of Bt498mn. (Khao Hoon, 01/02/16)
Comment: Urgh…this company…watch the volume traded, the moment it begins to pick up, then just join the punters..

Continue reading Stocks in the news (beauty, bcp, cbg, iec, fire, j, jmart, nusa, preb, rml, samart, tfd) 01.02.16

Stocks in the news (beauty, bem, bkd, cpf, ea, kbank, kool, pap, preb, qtc, samart, sat, stpi, tfd) 04.01.16

BEAUTY
BEAUTY expects 4Q15 earnings to be good on the back of government stimulus measures. It expects 2015 sales of Bt1.7bn with a record high net profit from 2014’s Bt301mn. It targets 2016 sales to grow 20%. (Khao Hoon, 04/01/16)
Comment: The last minute bump by the government to promote year end spending should bold well not only for names like BEAUTY, but virtually every other retailer. But of course this isn’t sustainable and it will just lead to poor QoQ #’s further down the road.

BEM
BEM will be included in SET100. It will begin trading on Jan 5 in the Transportation and Logistics sector. (Khao Hoon, 04/01/16)
Comment: I still think that this would be an incredibly attractive name to many many institutional investors

BKD
BKD got a Bt1bn contract to refurbish BMA City Hall. It expects to get another Bt2bn in projects soon. It plans to take part in refurbishing a hotel in Myanmar, valued at Bt500mn. (Khao Hoon, 04/01/16)

CPF
CPF plans to invest in Africa, Europe, and Australia. It plans to set up a new production base which is expected to increase sales growth by 10% per year. It targets sales of Bt700bn within five years. (Khao Hoon, 04/01/16)

EA
EA reports its 90MW solar farm in Phitsanulok has reached 90% completion. Operational start-up is expected in Jan 2016. It expects 2016 revenue to be good backed by 404MW in power plants. (Khao Hoon, 04/01/16)

KBANK
KBANK targets fee revenue growth of 18-20% from insurance, mutual fund and credit cards. It expects 2015 fee revenue to reach Bt20bn. It targets 20% growth in fees from E-transactions. (Khao Hoon, 04/01/16)
Comment: A lot of NVDR buying on the last day of 2015 in this name ~ THB 3 bn alone.

Continue reading Stocks in the news (beauty, bem, bkd, cpf, ea, kbank, kool, pap, preb, qtc, samart, sat, stpi, tfd) 04.01.16

Stocks in the news (btc, centel, cho, chow, cpr, gpsc, jmart, kbank, pf, preb, ps, stec, tcmc, thcom) 20.11.15

BTC
BTC has budgeted Bt105mn to invest in the logistics business. It expects to show a net profit this year. It is interested in investing in alternative energy. (Thun Hoon, 20/11/15)
Comment: A logistics alternative investment firm, well why not. 
CENTEL
CENTEL has budgeted Bt2bn to invest in hotel and food businesses. It expects 4Q15 earnings to be good on seasonality. It expects 2015 revenue of Bt20bn. (Thun Hoon, 20/11/15)
Comment: If they could only figure out how to run the food business property versus just cost cutting then this company could be valued far higher. 
CHO
CHO revised down 2015 revenue growth from 10% to 2% because 9M15 revenue slowed down on opportunity loss as it prepared for an NGV project. (Khao Hoon, 20/11/15)
CHOW
CHOW expects its Japan power plant to supply 11MW electricity in November, equal to 23MW in all. It plans to expand in the alternative energy business. (Khao Hoon, 20/11/15)

Continue reading Stocks in the news (btc, centel, cho, chow, cpr, gpsc, jmart, kbank, pf, preb, ps, stec, tcmc, thcom) 20.11.15

Stocks in the news (Age, aira, beauty, bh, bsbsm, cpf, emc, hydro, mfec, mtls, preb, ppp, ps, samart, sena, stec, tipco, tmill, tpark, ttw, vibha) 01.10.15

AGE
AGE plans to implement cost control and focus on local industries especially those that have high demand for power. It expects local sales to grow 20% from 2014’s Bt3.58bn. Management expects 3Q15 earnings to recover thanks to cost control. It expects to show net profit in year. (Thun Hoon, 01/10/15)
AIRA
AIRA expects to show net profit in 2H15 from net loss in 1H15 of Bt37.8mn backed by the securities business. It plans to acquire other businesses to diversify (power business, leasing, insurance) which are expected to be clear in 2016. It has set up subsidiary “AIRA Property” to invest in rental business. (Thun Hoon, 01/10/15)
Comment: AIRA is continuing along its aim to become an investment holdco. 
BEAUTY
BEAUTY plans to increase its distribution channels. It targets revenue to grow 27-30% within three years. (Thun Hoon, 01/10/15)
Comment: It’s a business I just don’t understand, and I still don’t see where their competitive advantage comes from other than pure pricing. 
BH
BH plans to set up diagnosis centers in Cambodia, Laos, United Arab Emirates, and Qatar after Myanmar. It has budgeted Bt11bn to invest in a second hospital. It is confident 2015 revenue will grow 10% from 2014’s Bt16bn. (Thun Hoon, 01/10/15)
Comment: BH is expanding! A first since the Asian Financial Crisis. 

Continue reading Stocks in the news (Age, aira, beauty, bh, bsbsm, cpf, emc, hydro, mfec, mtls, preb, ppp, ps, samart, sena, stec, tipco, tmill, tpark, ttw, vibha) 01.10.15

Stocks in the news (acd, ah, aq, asefa, br, bsm, ck, cpall, fer, focus, gpsc, ichi, lpn, pdi, preb, prin, singer, svoa, tluxe, work) 28.08.15

ACD
ACD has approved the acquisition of ordinary shares of Orin for Bt195mn, including one condo under development named Origins Bangmod-Rama2 which has already 85% in construction, expects to transfer and contribute revenue by this year. (Thun Hoon, 28/08/15)
Comment: Looks like a reverse IPO for Orin into ACD

AH
AH expects revenue to stagnant this year because of a drop in auto production to 2mn cars. It expects 2H15 performance to improve backed by new orders. (Khao Hoon, 28/08/15)
Comment: It’s been a dog since they took over KPN’s automotive manufacturing business

AQ
AQ expects no impact from KTB case as the value of its collateral exceeds the Bt10bn awarded by the court. Management says it plans to open three new projects. (Thun Hoon, 28/08/15)
Comment: Quite the scandal here.

ASEFA
ASEFA expects 2H15 revenue to be better than 1H15. Its backlog is Bt1.5bn and Bt1bn is expected to be booked this year. It is confident 2015 revenue will achieve 20-25% target growth. (Khao Hoon, 28/08/15)

Continue reading Stocks in the news (acd, ah, aq, asefa, br, bsm, ck, cpall, fer, focus, gpsc, ichi, lpn, pdi, preb, prin, singer, svoa, tluxe, work) 28.08.15

Stocks in the news (ajp, anan, bcp, bol, cho, csl, css, genco, kce, mpic, pap, preb, pylon, s, smt, super, takuni, thani, vng) 06.08.15

AJP
AJP will change its name to DCORP and plans to invest in the power business. It plans to go to China to study a project that it wants to operate in Thailand. (Khao Hoon, 06/08/15)

ANAN
ANAN plans to launch seven condominiums valued at Bt20.3bn in 2H15. 1H15 presales reached Bt12.5bn (+227%). It is confident 2015 revenue will hit target of Bt11.4bn. (Khao Hoon, 06/08/15)
Comment: And the margin expansion continues for this property developer.

BCP
BCP reported 2Q15 earnings of Bt2.8bn, benefitting from a better refinery margin and power business. (Khao Hoon, 06/08/15)

BOL
BOL plans to expand data base service abroad by doing a JV with a local company and/or acquisition. It expects revenue to be good for over two years backed by investing in data base expansion. (Thun Hoon, 06/08/15)
Comment: BOL has always been a steady earner over the years, but like every other little name appears to be fairy/overvalued today

Continue reading Stocks in the news (ajp, anan, bcp, bol, cho, csl, css, genco, kce, mpic, pap, preb, pylon, s, smt, super, takuni, thani, vng) 06.08.15