Tag Archives: PTTGC

Stocks in the news (aq, bcpg, dimet, drt, ilink, itel, loxley, ori, prin, pttgc, smpc, sr, tacc, tpch, tpipl, ureka) 14.09.16

AQ
AQ sold 100% of AQ ALIX which generated revenue of Bt670mn. It plans to launch a new housing project at the end of 2016. (Kao Hoon, 14/09/16)
BCPG
BCPG set its IPO price at Bt10, the top in the price range, in response to good institutional investor interest. It expects to trade in September. (Thun Hoon, 14/09/16)
Comment: I am curious to see how this shall perform on the first day.
 
DIMET
DIMET plans to wipe out retained losses of Bt17mn and expects pay a dividend of no less than 40% of net profit. It plans to cooperate with a construction company to expand its customer base. It has big orders from China and the Philippines that will increase revenue to Bt800mn. It plans to do a 20MW solar farm. (Thun Hoon, 14/09/16)
Comment: People love a good turnaround, newly dividend paying stock. 
 
DRT
DRT has cut its target 2016 revenue to Bt4.17bn in response to the slowdown in the construction materials industry. However, it is confident that net profit will be better than last year’s Bt330mn due to better cost management. It has budgeted Bt500-600mn to increase capacity. (Kao Hoon, 14/09/16)
ILINK
ILINK got a job from PEA worth Bt309mn. It expects to get a job to lay fiber-optic lines for a substation worth Bt620mn and a job from the MEA to move electric wiring underground and well as laying underwater cable to Koh Samui. This will lift its backlog from Bt1.1bn. (Thun Hoon, 14/09/16)
Comment: Now the story is effectively done for ILINK for the next few quarters as the IPO of the subsidiary is done and even they themselves have said this is every project that they expected to win this year 

Continue reading Stocks in the news (aq, bcpg, dimet, drt, ilink, itel, loxley, ori, prin, pttgc, smpc, sr, tacc, tpch, tpipl, ureka) 14.09.16

Stocks in the news (aot, beauty, chewa, ivl, nch, nwr, pttgc, ratch, samart, sithai, smart, ticon, tks, tsf, auct) 13.09.16

AOT
AOT opening bidding for four contracts for Suvarnabhumi Phase ll. It expects to solicit bids for two contracts this year and will sell the bidding documents in October. It expects to raise its passenger capacity to 60mn passengers per year from 45mn passengers per year now. (Thun Hoon, 13/09/16)
Comment: Having just returned from JKT on the late night flight you can see both the arrival and departure halls bustling with passengers. I would be surprised to see capacity issues hitting AOT within the next 12 months 
 
BEAUTY
BEAUTY expects 3Q16 earnings to be good, supported by more demand. It expects 2016 revenue to grow no less than 20% from Bt1.79bn in 2015. There is progress in talks regarding distributors in Hong Kong and Taiwan and it expects a decision in 4Q16. (Thun Hoon, 13/09/16)
CHEWA
CHEWA targets three-year revenue growth of 20% annually, supported by developing new projects and buying property projects that already have their EIA. It plans to launch its first lowrise project worth Bt500mn at the end of October. (Kao Hoon, 13/0 9/16)
Comment: Its an interesting smaller property developer. But as always with this business model, scalability is an issue
 
IVL
IVL has closed the deal for a JV with Dhunseri Petrochem Limited in India. This will lift PET capacity to 700K tons per year, making it India’s second-largest producer. (Thun Hoon, 13/09/16)
Comment: Another acquisition, he’s well on his way to catching up to Reliance, but is such a strategy necessarily good for minority equity shareholders?
 
NCH
NCH launches single-house project worth Bt680mn and has sold 24 units worth more than Bt78mn. (Kao Hoon, 13/09/16)

Continue reading Stocks in the news (aot, beauty, chewa, ivl, nch, nwr, pttgc, ratch, samart, sithai, smart, ticon, tks, tsf, auct) 13.09.16

Stocks in the news (aav, amata, amatav, ap, bem, big, bkd, bts, cmo, cpi, cwt, gold, itel, ktis, pttgc, rjh, samco, solar, spa, tacc, ureka) 23.08.16

AAV
AAV’s load factor was a high 85% in 1H16. Fares are also rising and jet fuel prices falling. It plans to open new routes in 2H16. It wants to cooperate with AOT to develop Don Mueang Phase 3 which will increase capacity to 40mn/year from 30mn/year. (Thun Hoon, 23/08/16)
Comment: I do wonder if they can get their own terminal like in KL
 
AMATA
AMATA target 2016 revenue growth of 5% and the sale of 1,000 rai of land. It is studying an investment in an industrial estate in Myanmar, with some decision expected by the end of the year. (Kao Hoon, 23/08/16)
AMATAV
AMATAV expects 2016 revenue to reach Bt1.4bn due to sale of land and good facilities rental and services business. It will book revenue from the sale of 193.75 rai at end-2016. (Kao Hoon, 23/08/16)
Comment: They are up against a rather big player in KBC (vietnamese co) and given that this is AMATA, I doubt they’ll be as good as they should be.
 
AP
AP is confident presales will achieve target of Bt31bn. It plans to launch three projects worth Bt16bn to stimulate sales in 2H16. It expects revenue of Bt23.7bn and has backlog of Bt12.8bn. (Thun Hoon, 23/08/16)
BEM
official opening of Sriratch expressway, Bangkok outer ring road. BEM expects 97,000 vehicles per day in the first year. It expects average revenue in Sep-Dec 2016 of Bt145mn per month and 2017 revenue of Bt1.8bn . (Kao Hoon, 23/08/16)
BIG
BIG plans two big events in 2H16 to support sales. It is confident that 2016 revenue will grow more than 20%. It plans to add 4-5 Wonder Photo Shop branches this year. (Kao Hoon, 23/08/16)
Comment: A quick walk past their shop during the week shows that their Photo Shops are bustling with business. 

Continue reading Stocks in the news (aav, amata, amatav, ap, bem, big, bkd, bts, cmo, cpi, cwt, gold, itel, ktis, pttgc, rjh, samco, solar, spa, tacc, ureka) 23.08.16

Stocks in the news (ah, arrow, auct, bm, ctw, gel, intuch, k, malee, mc, pace, pf, plat, pttgc, rml, ttcl, tu, vte) 18.08.16

AH
AH expects 2016 revenue to grow 5% from last year’s Bt15.1bn due to large orders. It will pay a dividend of Bt0.33/share, XD on Aug 26, PD on Sep 9. (Thun Hoon, 18/08/16)
Comment: And the company has been doing share buybacks for the past few months
 
ARROW
ARROW expects 2H16 earnings to be good backed by Bt240mn backlog. It expects 2016 revenue to reach Bt1.4mn with gross margin at 25-30%. Its 1H16 net profit was Bt126mn. It will pay a dividend of Bt0.2/share, XD Aug 23. (Khao Hoon, 18/08/16)
Comment: We’ve questioned whether they have the capacity necessary to fulfill all the potential market demand and their current valuations
 
AUCT
AUCT expects 3Q16 earnings to be good brought by extra items from public bids. It plans to take part in 1-2 bids, and expects to know the results this year. It expects auction 60,000 vehicles this year. (Thun Hoon, 18/08/16)
BM
BM reported 1H16 net profit of Bt23mn, up 68.32% with revenue of Bt384mn, up 5.55%, backed by higher sales, especially from selling racks and conduits. (Khao Hoon, 18/08/16)
CTW
CTW expects 3Q16 earnings to be good supported by cable projects from ITD such as Suvarnabhumi phase 2, MRT Orange, Pink and Yellow lines, the Dawei project, and moving cables underground. (Thun Hoon, 18/08/16)

Continue reading Stocks in the news (ah, arrow, auct, bm, ctw, gel, intuch, k, malee, mc, pace, pf, plat, pttgc, rml, ttcl, tu, vte) 18.08.16

Stocks in the news (akp, bch, bcp, biz, ivl, jas, lit, mill, oishi, ori, prin, pttgc, qlt, sawad, spali, tasco, tfg, tkn, tpch) 11.08.16

AKP
AKP reported 2Q16 net profit of Bt18.08mn, up 61.6% YoY. It expects 2H16 performance to achieve its target. (Thun Hoon, 11/08/16)
BCH
BCH expects 2H16 earnings to be good supported by a faster breakeven at WMC than expected. It plans to increase Social Security clients to 800,000. It expects 2016 revenue to grow no less than 10%. (Thun Hoon, 11/08/16)
Comment: Well WMC has been waiting to breakeven for a long time…
 
BCP
Bangchak seeks 4th revenue engine – BANGCHAK PETROLEUM is seeking a new business to perform as the “fourth engine” of the company, after the spin-off of its green-power business. (The Nation, 11/08/16)
Comment: And the spin is expected to happen within the next 6 months
 
BIZ
BIZ reported 2Q16 net profit of Bt8.1mn and total revenue of Bt106.59mn, a surge of 502.51% YoY due to realizing more revenue. (Thun Hoon, 11/08/16)
IVL
IVL reported 1H16 net profit of Bt10.84bn, increasing 95% YoY, and 2Q16 profit of Bt5.95bn supported by PET business recovery and booking extra gain of Bt2.49bn from an acquired business. (Kao Hoon, 11/08/16)
Comment: So they were able to boost their 1H16 #’s due to “extra gain” bookings from acquisitions, what magical things await in 2H16?
 

Continue reading Stocks in the news (akp, bch, bcp, biz, ivl, jas, lit, mill, oishi, ori, prin, pttgc, qlt, sawad, spali, tasco, tfg, tkn, tpch) 11.08.16

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 (anan, bch, bm, kiat, loxley, nok, pttgc, scb, smart, spc) 07.06.16

ANAN
ANAN will hold a roadshow in Singapore. It targets 2016 revenue of Bt15.6bn thanks to high demand. It plans to launch Bt18.7bn in new projects, raising its backlog from Bt38.5bn and covering revenue through 2017. (Thun Hoon, 07/06/16)
Comment: Perhaps the hardest hit name post the draft bill re property
 
BCH
BCH expects 2Q16 earnings to be good backed by a bigger customer base and better performance than expected at WMC after it signed contracts to serve more foreign clients. It expects 2016 revenue to grow not less than 10%. It is budgeting Bt500mn to invest in a 140-bed hospital in 4Q16. (Thun Hoon, 07/06/16)
BM
BM expects to talk with prospective Japanese partners after they expressed an interest in acquiring a 20-25% stake. It is talking to three prospective partners to sell conduits in Myanmar. It expects 2Q16 to be good. It expects 2016 revenue to grow 15-20% as targeted. (Khao Hoon, 07/06/16)
KIAT
KIAT got a Bt500mn chemical product logistics project which is expected to contribute Bt100mn revenue per year. It plans to take part in Bt100mn in projects. It is interested in the power business after studying LNG investment. It expects a decision to be made in 4Q16. It expects 2H16 earnings to be good. (Khao Hoon, 07/06/16)
Comment: Still a very steady business. But not sure on this LNG investment

Continue reading Stocks in the news (anan, bch, bm, kiat, loxley, nok, pttgc, scb, smart, spc) 07.06.16

Stocks in the news (advanc, bjchi, bkd, bm, cho, eason, epg, fsmart, gfpt, ihl, jsp, mtls, nwr, pace, ptg, pttgc, richy, samco, solar, tk, trt, tsth) 23.05.16

ADVANC
ADVANC and TOT set to launch service under a joint trial – ADVANCED Info Service and TOT are expected to sign a contact signalling the launch of a joint-trial commercial service on the state agency’s 2.1 gigahertz spectrum shortly after the reauction of a 900 megahertz licence on Friday, Information and Communications Technology Minister Uttama Savanayana has said. (The Nation, 23/5/ 16)
Comment: There’s still another 4 more days to go before the auction, I do wonder what else could happen?
 
BJCHI
BJCHI expects 2Q16 earnings to be good aided by mega projects. It expects 2016 revenue to grow 15% thanks to numerous orders and bidding for new projects. It expects to get new projects that will increase its backlog from Bt1.7bn. (Thun Hoon, 23 /05/16)
Comment: Thus even with the volatile movements in oil prices BJCHI is still able to maintain their backlog. How?
 
BKD
BKD plans to ask board approval to invest in a new business on May 24. It expects 3Q16 earnings to mark a record high aided by government projects. Its backlog is Bt1.5bn, of which 70% is expected to be booked this year. It expects 2016 revenue to increase not less than 20%. (Thun Hoon, 23/05/16)
BM
BM reported substantial 1Q16 earnings growth aided by higher revenue from sales and lower cost with net margin of 7.05%. Core revenue came from metal trunking and electrical conduits. (Thun Hoon, 23/05/16)

Continue reading Stocks in the news (advanc, bjchi, bkd, bm, cho, eason, epg, fsmart, gfpt, ihl, jsp, mtls, nwr, pace, ptg, pttgc, richy, samco, solar, tk, trt, tsth) 23.05.16

Stocks in the news (aot, aqua, bigc, bjc, ccn, earth, ifec, ihl, maco, mtls, pttgc, qtc, singer, siri, smt, tsr, uv, xo) 26.04.16

AOT
AOT expects 2QFY16 earnings to peak backed by 197,913 flights (+9.4%) and 32.3mn passengers. It expects 389,272 flights in 1HFY16 (10.6% growth) and 61.2mn passengers. (Khao Hoon, 26/04/16)
Comment: It’s just incredible, time to start a pool on when passengers hit 100 mn
AQUA
AQUA will pay dividend of 100% of profit with Bt900mn cash on hand. It plans to list its subsidiary (TCDC) by 3Q16. (Khao Hoon, 26/04/16)
Comment: I don’t know much about this business other than it being similar to MACO, but spin off’s are typically well-received by the retail market
 
BIGC
BIGC has received the disclosure of additional information on the tender offer for the company’s securities from BJC Retail Holding Company Limited, BJC Supercenter Company Limited and Samphunsamer Company Limited, collectively the “Offerors”. (SET, 22/04/16)
CCN
CCN has backlog of Bt100mn on telecommunication projects, expects to book in this year. It expects to get more projects from Thailand post after it got Bt300mn. (Thun Hoon, 26/04/16)
EARTH
EARTH will pay a dividend of Bt0.1/share. It expects 2016 revenue to grow not less than 10% by focusing on acquiring new customers at home and abroad. (Thun Hoon, 26/04/16)

Continue reading Stocks in the news (aot, aqua, bigc, bjc, ccn, earth, ifec, ihl, maco, mtls, pttgc, qtc, singer, siri, smt, tsr, uv, xo) 26.04.16

Stocks in the news (bafs, ck, cpn, epg, intuch, ivl, ndr, planb, pttgc, spcg, tog, true) 18.02.16

BAFS
BAFS reported net profit of Bt957mn in 2015. It will pay dividend of Bt0.85/share, XD on May 3. It will also pay a special dividend of Bt0.25/share, XD on 1 March 2016. It plans to expand its business to hotels, property and renewable energy. (Thun Hoon, 19/2/16)
Comment: A consistent dividend payer and with the Don Muang airport expanding it will continue to see volume growth
CK
CK expects to get a job worth Bt20bn. The company targets 2016 revenue of more than Bt30bn supported by backlog worth Bt90bn. (Khao Hoon, 19/2/16)
CPN
CPN will pay a dividend of Bt0.70/share, XD on 26 April 2016. It plans to issue a debenture worth not more than Bt10bn. (Thun Hoon, 19/2/16)
EPG
EPG is confident that revenue in 2015-2016 will reach Bt8.5-9bn, growing 25-30%. It has budgeted Bt100mn to improve its three product groups with a budget of Bt1.2bn for M&A. (Khao Hoon, 19/2/16)
Comment: The question here is how far will the cost savings and depressed commodity prices take their earnings

Continue reading Stocks in the news (bafs, ck, cpn, epg, intuch, ivl, ndr, planb, pttgc, spcg, tog, true) 18.02.16