Tag Archives: ptt

Stocks in the news (age, ccn, fsmart, pimo, pstc, ptt, rpc, seafco, smt, spali, sta, super, thai, tsr, tvo) 19.09.16

AGE
AGE maintain its revenue target growth of 10% supported by more than 2mn tons coal sales. It expects to finish a deal with a partner to do a coal warehouse in Vietnam by the end of 2016. (Kao Hoon, 19/09/16)
CCN
CCN expects to get a government job from the Industry 4.0 project. It expects 2H16 earnings to grow, supported by booking backlog of Bt100mn. It is confident that 2016 revenue will reach its 20% target growth backed by Bt150mn from its telecommunication business. It is negotiating with a partner to do alternative power business . (Thun Hoon, 19/09 /16)
Comment: Well not sure how much of an impact the government news will have on this little IT System integrator. I’d turn my eyes to the bigger players SAMTEL and AIT and possible even MFEC
FSMART
FSMART expects 3Q16 profit record new high of Bt100mn or growth 40% YoY supported by Boon Term Top Up machine. (Kao Hoon, 19/09/16)
Comment: No surprises here, they just keep growing
 
PIMO
PIMO expects 2016 profit to jump 92% to Bt46mn supported by more orders. It expects 2017 profit of Bt72mn due to new orders from US customer in 1Q17. It plans to invest in BLDC motor technology. (Kao Hoon, 19/09/16)
Comment: Another small player, THB 1 bn mkt cap, not particularly cheap nor scalable.
 
PSTC
PSTC expects 2016 revenue growth and profit to double after booking backlog of Bt300-400mn. It expects revenue from its power plant to grow in 4Q16. It has completed a deal to do a biomass power plant and 50MW cogeneration power plant in ASEAN. (Kao Hoon, 19/09/16)
Comment: There’s a lot of news about biomass and waste to energy expected to be announced within the next few weeks.
 
PTT
PTT expects to bring service stations to 200 this year. It expects revenue of Bt520bn. It has a plan to expand to 500 service stations abroad within five years and sell more Amazon franchises in Japan. (Thun Hoon, 19/09/16)

Continue reading Stocks in the news (age, ccn, fsmart, pimo, pstc, ptt, rpc, seafco, smt, spali, sta, super, thai, tsr, tvo) 19.09.16

Stocks in the news (advanc, ba, bafs, btw, ccn, csl, fpi, gunkul, ihl, kbank, kbs, kool, mk, pcsgh, planb, ptt, synex, thcom, true, twpc, upa) 19.08.16

ADVANC
ADVANC plans to increase 2016 revenue target to accommodate greater revenue from services and a campaign to stimulate sales. It expects the 900MHz license to cut EBITDA margin in 2H16 to an average of 38-39% in the year. It expects maintain its 100% dividend payout. (Thun Hoon, 19/08/16)
Comment: While the dividend payout ratio remains, it will probably followed the trend of DTAC’s i.e. declining
 
BA
BA is preparing a roadshow in Hong Kong for November. It targets an annual average revenue growth of 10-15%. It has budgeted Bt12bn to expand its airport and buy more airplanes. It expects passenger growth of 20% to more than 1.2mn passengers supported by high season. (Thun Hoon, 19/08/16)
BAFS
BAFS expects 2H16 to grow on high season. It expects aviation fuel services to increase 8% and expects revenue to grow more than 9% to a new high compared to last year. (Thun Hoon, 19/08/16)
Comment: A great “little” monopoly
 
BTW
BTW will pay an interim dividend of Bt0.27/share or return of 6.46%, payment on Sep 9. It expects 2H16 to be good supported by bids for new jobs. (Thun Hoon, 19/08/16)
CCN
CCN plans to bid for jobs of more than Bt200mn. It expects 2016 revenue growth of 20%. It plans to expand to the energy business, closing a deal by the end of 2016. It reported 2Q16 profit growth of 1,009% due to cost management and expects continued growth in 3Q16. (Thun Hoon, 19/08/16)

Continue reading Stocks in the news (advanc, ba, bafs, btw, ccn, csl, fpi, gunkul, ihl, kbank, kbs, kool, mk, pcsgh, planb, ptt, synex, thcom, true, twpc, upa) 19.08.16

Stocks in the news (ajd, asefa, bjchi, brr, css, fsmart, gl, hpt, ifec, ihl, ilink, ps, ptg, ptt, seafco, super, tacc, thai, tvd, wha, work) 16.08.16

AJD
AJD reported 2Q16 net profit of Bt126.59mn on higher sales at a subsidiary and implementing cost control. It expects 2016 revenue to grow 10-15% from last year backed by transfers. (Thun Hoon, 16/08/16)
ASEFA
ASEFA expects 2016 revenue to grow 20% backed by mega projects with backlog of Bt1.8bn, of which 60% is expected to be booked this year. (Khao Hoon, 16/08/16)
BJCHI
BJCHI posted 2Q16 revenue of Bt1.76bn with Bt191.71mn net profit. It expects 2016 revenue to grow 15% backed by backlog of Bt3.1bn. (Thun Hoon, 16/08/16)
BRR
BRR expects to benefit from the good outlook for sugar. It expects 2H16 earnings to be good. It expects crop to amount to 2.5mn tons of sugar cane backed by efficient cultivation. It reported 2Q16 net profit of Bt41.5mn. (Thun Hoon, 16/08/16)
Comment: Effectively every sugar company has the same story, I do wonder if we will see a consolidation phase 
 
CSS
CSS expects 2H16 earnings to be good backed by the telecom business. It expects 2016 revenue to reach Bt5bn or 10% growth as targeted. It will pay a dividend of Bt0.06/share, XD on Aug 23. (Khao Hoon, 16/08/16)
FSMART
FSMART expects 3Q16 revenue to grow 40% backed by expansion in Boon Term Top Up machines. It is talking to BBL, BAY, SCB, and KBANK in order to provide transfer service, expects to sign a contract with one bank at the end of this year. (Khao Hoon, 16/08/16)
Comment: I do now wonder what is the next step for FSMART with their top up machines, how many additional services can they add to this channel?

Continue reading Stocks in the news (ajd, asefa, bjchi, brr, css, fsmart, gl, hpt, ifec, ihl, ilink, ps, ptg, ptt, seafco, super, tacc, thai, tvd, wha, work) 16.08.16

Stocks in the news (age, aot, ba, bem, cpf, ea, gunkul, intuch, itel, jubile, kce, lph, ndr, ptt, sena, skr, thai, tpbi, tu, wiik) 15.08.16

AGE
AGE expects 2H16 to be good. It plans to do a marketing campaign in ASEAN. It is confident that 2016 sales will reach the target of 2.2mn tons. It reported 2Q16 net profit of Bt29mn, up 4% YoY and total revenue over Bt1bn. (Thun Hoon, 15/08/16)
AOT
AOT reported 3QFY16 profit of Bt5.06bn, growing 24% supported by a 20.62% growth in lowcost airline passengers and total passenger growth of 11.08%. It passed more than 90mn passengers through its gates in the nine months and profit was Bt15bn. (Kao Hoon, 15/08/16)
Comment: The bombing over the weekend isn’t going to help matters in the ST, but unless there are continued incidents in Thailand I doubt that there’ll be a permanent impact over the med-long term
 
BA
BA expects 2H16 to be better than 1H16 due to high season. It plans to open two new routes to increase Chinese passengers. It has budgeted Bt1bn to expand Samui Airport to support 6mn passengers per year. It reported 1H16 earnings of Bt1.46bn or growth of 12.5%. (Thun Hoon, 15/0 8/16)
BEM
BEM reported 1H16 earnings growth of 12.3% to over Bt1.2bn and expects 2H16 to continue to grow. It will bid for a new job and plans to list its subsidiary soon. (Thun Hoon, 15/08/16)
CPF
CPF reported 2Q16 net profit of Bt4.02bn or growth of 35%, with 1H16 net profit of Bt7.78bn supported by more sales, both domestic and export. It will pay an interim dividend of Bt0.50/share, XD on Aug 23. (Kao Hoon, 15/08/16)
EA
EA reported 2Q16 net profit of Bt992mn or growth of 33%, due to booking revenue from its solar farm in Phitsanulok. It will COD 126MW a wind power plant at the end of this year. (Kao Hoon, 15/08/16)
GUNKUL
GUNKUL reported 1H16 net profit of Bt315.94mn, up 42.62% from Bt221.53mn in 1H15. It expects demand to increase and will continue to expand business to support earnings growth. (Thun Hoon, 15/08/16)
Comment: Similar to most renewable players, GUNKUL’s growth is relatively straightfwd to forecast for the next few years. The jumps in revenues will come from new projects

Continue reading Stocks in the news (age, aot, ba, bem, cpf, ea, gunkul, intuch, itel, jubile, kce, lph, ndr, ptt, sena, skr, thai, tpbi, tu, wiik) 15.08.16

Stocks in the news (advanc, atp30, biz, itd, lpn, ptt, sat, seafco, sena, tmb, tnp, vgi) 05.08.16

ADVANC
ADVANC will pay an interim dividend of Bt5.79/share, XD on Aug 15 even though it reported 1H16 net profit of Bt17.70bn, a fall of 10%. It said it is still No.1 in revenue, profit and customers. (Kao Hoon, 05/08/16)
Comment: I wouldn’t be surprised to a declining trend in the dividends paid
 
ATP30
ATP30 reported 2Q16 net profit growth of 206.38% supported by more customers and efficient cost management. It targets 2016 gross margin of 25% and revenue growth no less than 15%. (Thun Hoon, 05/08/16)
Comment: A small name that recently IPO’ed and somehow has amazing numbers  in the 1H16
 
BIZ
BIZ expects to bid for a new job worth more than Bt200mn in 2H16. It has backlog of Bt640mn with 80-90% of that to be booked this year. It expects this to lift 2016 revenue to Bt600mn. (Kao Hoon, 05/08/16)
ITD
ITD won the bid for construction of a 800MW coal power plant in Krabi. Its bid was the lowest, at Bt32bn. It will start construction after it gets EHIA approval. (Kao Hoon, 05/08/16)

Continue reading Stocks in the news (advanc, atp30, biz, itd, lpn, ptt, sat, seafco, sena, tmb, tnp, vgi) 05.08.16

Stocks in the news (bem, bcp, btw, cho, fsmart, gl, hmpro, loxley, nch, ptt, sc, tks, tluxe, tse, uniq) 03.08.16

BEM
MRTA board approved hiring BEM to install a system at Taopoon-Bang Sue station for Bt63mn. It expects to sign the contract in September and finish the project within March 2017. It plans to negotiate with BEM to operate the Blue Line until 2042. (Kao Hoon, 03/08/16)
BCP
BCP negotiating with Indonesian partner to set up a geothermal power JV. It expects a decision to be made in September. It will continue to hold second place in its market with a share of 15%. It targets selling 320mn liters of oil per month or growth of 12% YoY. It expects 3Q16 GRM to average US$6-7/bbl. It plans to list its subsidiary in September or October. (Thun Hoon, 03/08/16)
BTW
BTW gets 2 solar farms with capacity of 10MW for Bt520mn. (Thun Hoon, 03/08/16)
CHO
CHO expects to get a big project valued at Bt800mn. It targets revenue growth of 10% and expects 2Q16 to show a profit thanks to more orders. It has backlog of Bt600mn, of which it has booked Bt400mn. (Thun Hoon, 03/08/16)
FSMART
FSMART has no effect from the cancellation of World Cup tickets and maintains its revenue target growth at 30%. It plans to expand to 90,000 Boon-Term machines nationwide. (Kao Hoon, 03/08/16)
GL
GL expects 2H16 earnings to step up after realizing profit from its JV in Indonesia. It targets loans to reach US$1bn within 2018 and will expand to Cambodia and Laos. (Thun Hoon, 03/08/16 )
Comment: The key driver for GL will still only be Cambodia, Laos and Indonesia will be too small to have an impact

Continue reading Stocks in the news (bem, bcp, btw, cho, fsmart, gl, hmpro, loxley, nch, ptt, sc, tks, tluxe, tse, uniq) 03.08.16

Stocks in the news (aot, bcp, cpall, delta, ea, eason, hmpro, kce, mtls, pace, ptt, pttgc, scc, tpc, trt, tsr, vgi, wha) 27.07.16

AOT
AOT expects 3Q16 earnings growth of 16.3% YoY supported by tourism recovery and low oil price. It expects to benefit from competition between low-cost airlines. (Thun Hoon, 27/07/16)
BCP
BCP expects 2016 EBITDA from retail business grow to Bt3bn supported by low oil price. It has budgeted Bt15bn to expand and renovate its petrol stations. It has set a five-year target of 400 stations. It expects non-oil business to grow and plans to open a new supermarket under franchise from Europe by end-2016. (Thun Hoon, 27/07/16)
Comment: I do wonder if the outstanding growth from PTG has been behind the major players finally deciding to expand their stations throughout Thailand
 
CPALL
CPALL expects 3Q16 to be outstanding supported by 7-Eleven stamps that stimulated sales and expects 4Q16 earnings to be good supported by high season. (Thun Hoon, 27/07/16)
DELTA
DELTA reported 2Q16 net profit of Bt1.32bn, down 22%YoY due to lower sales. It has budgeted to invest in India. (Khao Hoon, 27/07/16)
EA
EA expects 2Q16 to be peak due to high season and expects revenue of Bt1bn. It believes that 2016 profit will be higher than last year. It expects 2016 capacity to reach 404MW and PPA 664MW. (Thun Hoon, 27/07/16)

Continue reading Stocks in the news (aot, bcp, cpall, delta, ea, eason, hmpro, kce, mtls, pace, ptt, pttgc, scc, tpc, trt, tsr, vgi, wha) 27.07.16

Stocks in the news (ap, big, egco, maco, ocean, phol, ptt, qtc, sutha, top, tvt, vih, wice) 22.07.16

AP
AP expects 2H16 earnings to be good supported by first time booking revenue from JV with Japanese partner. It expects revenue from the JV to increase in 2017. It plans to launch 13 new projects worth Bt25bn in 2H16, which will help it meet its presales target of Bt31bn. (Thun Hoon, 22/07/16)
BIG
BIG expects 2H16 to be outstanding due to high season and two big fairs. It plans to add four branches by the end of 2016. (Thun Hoon, 22/07/16)
Comment: This has been a learning lesson for us, let the market take this company up despite that fact that you can run any DCF even with high growth #’s and not attain the valuation that it’s trading at today. PEG Ratios…gotta love ’em…
 
EGCO
EGCO has booked more revenue from new tariff for the geothermal power plant in Indonesia which has capacity of 227MW. It has set a 2016 investment budget of Bt22bn to acquire power plants. (Thun Hoon, 22/07/16)
MACO
MACO expects 2H16 to be better than first half supported by new mass transit lines and high season. It is confident that 2016 revenue will grow more than 15%. (Thun Hoon, 22/07/16)
OCEAN
OCEAN expects 2016 revenue to grow and turn to profit. It will focus on expanding its business abroad. It expects cost to decrease more than 50% in 2017 after opening its own showroom and installing solar panels. (Khao Hoon, 22/07/16)
Comment: What is this water company doing with solar panels? Solar powered water showers? 

Continue reading Stocks in the news (ap, big, egco, maco, ocean, phol, ptt, qtc, sutha, top, tvt, vih, wice) 22.07.16

Stocks in the news (anan, arrow, atp30, bwg, cho, demco, egco, ndr, ptt, sgp, spali, stec, t, tfd, wha) 14.07.16

ANAN
ANAN and Mitsui Fudosan plan to set up associated companies and launch three projects at the end of this year. It expects this to bring up backlog from Bt38bn, which can cover revenue until next year. It plans to buy land. (Thun Hoon, 14/07/16)
Comment: And their growth is effectively secured for the next 2 years
 
ARROW
ARROW is budgeting Bt37mn to set up its 2nd electrical conduit plant on 7 rai of land in order to serve high demand. This will increase its capacity by 50%. It expects RTRC conduits to be a key driver. It expects 2016 revenue to be not less than Bt1.4bn. (Thun Hoon, 14/07/16)
ATP30
ATP30 signed a contract valued at Bt20mn to provide five years of logistics service. It took part in Bt800mn bids and expects to get this job. It expects 2Q16 earnings to be good thanks to new clients. (Thun Hoon, 14/07/16)
Comment: Popular at the amount amongst retail investors, seems to be a steady cash earner with its basic logistics service
 
BWG
BWG plans to operate RDF phase 2, capacity of 250 tons, by the end of this year. This will ramp up its total capacity to 600 tons per day which can serve three 10MW power plants. (Khao Hoon, 14/07/16)
Comment: It feels like the renewable game in the market has returned

Continue reading Stocks in the news (anan, arrow, atp30, bwg, cho, demco, egco, ndr, ptt, sgp, spali, stec, t, tfd, wha) 14.07.16

Stocks in the news (ap, arrow, bem, cpn, eason, global, jmt, lhbank, ptt, qh, smm, trc) 23.06.16

AP
AP reports presales of Bt10.5bn for the first five months of the year. It plans to launch 13 projects in 2H16, valued at Bt25.3bn. It targets 2016 presales of Bt31bn with revenue of Bt23.7bn backed by Bt14.7bn backlog. (Khao Hoon, 23/06/16)
ARROW
ARROW expects to get 60% market share because of its strength. It is confident it has potential to handle mega projects. It expects to get large orders from MRT, Suvarnabhumi Phase 2, moving cable to underground, motorway, and private projects. It expects 2016 net profit to mark a record high of Bt300mn, up 22.1%. (Thun Hoon, 23/06/16)
Comment: Their stock price has been declining in the past few months despite the continued growth. 
 
BEM
BEM expects to open Sri Rat outer ring road by August. It expects 97,000 cars/day. It expects this to increase revenue by Bt1.7bn. (Thun Hoon, 23/06/16)
Comment: Just have to love oligopolies
 
CPN
CPN expects 2016-2017 net profit to grow 18-20% aided by opening a new shopping mall and increasing rental and occupancy rate. It expects 2016 net profit of Bt9.49bn. (Khao Hoon, 23/06/16)
Comment: And they’ll have a kicker with condominiums

Continue reading Stocks in the news (ap, arrow, bem, cpn, eason, global, jmt, lhbank, ptt, qh, smm, trc) 23.06.16