AUCT expects 2Q15 earnings of Bt42mn, 12-13% revenue growth and 2.59% dividend yield. (Khao Hoon, 16/07/15)
Comment: Despite it’s great growth, it looks like the retail investors are beginning to realise that the share price has been quite overvalued
Foreign investors are interested in BJCHI shares after it held a roadshow in Hong Kong, Singapore and Japan. It expects 15% revenue growth this year backed by revenue recognition in 2H15 and a higher client base. (Thun Hoon, 16/07/15)
CCP expects to increase product line at the end of this year. It plans to invest Bt70-80mn. It expects to gain from government investment. (Thun Hoon, 16/07/15)
Comment: Definitely one of the potential winners in the infrastructure spending
CIG plans to increase exports to 70-80% and expects to show a net profit in 2H15. Its backlog is Bt400mn, expected to be booked this year. It will conduct a roadshow to increase its market. (Thun Hoon, 16/07/15)
AIE says it will conclude a business cooperation agreement with a new partner by 3Q15. (Khao Hoon, 12/2/15)
CSS talking with board to split par to Bt0.10. Its energy business is doing very well, thanks to a good partner, Prime, which holds a PPA for 200MW solar energy in Japan plus several projects in Thailand. All of these will be transferred to associate Prime Renewable Energy Co. Ltd, which is expected to be listed in the near future. In mid-Feb 2015, it will take over a wire producer, raising revenue by Bt400-500mn. (Thun Hoon 12/2/15)
DELTA says 2015 will be a new high for the fourth year in a row. It targets 10% growth in revenue and earnings via expanding into new markets in ASEAN and India. It is also interested in the acquisition of the world’s second player in the power supply industry. (Khao Hoon, 12/2/15)
Comment: How DELTA was able to perform this well over the past 4 years I still do not know/understand, so a slap on the face for missing this one.
DIMET says 2014 will be in the black though it faced net losses in 1Q14 and 2Q14. The company expects recovery in 3Q14 and 4Q14 and is looking for a partner to support its business. It does not know what is behind the sharp increase in its share price. (Kao Hoon, 12/12/14)
GOLD held extraordinary meeting yesterday to approve the purchase of KLAND shares at Bt2/share of up to 100% (1.78bn shares) from a minimum purchase of 51% (Thun Hoon, 12/12/14)
Comment: There was no secret in this transaction, it’s been on the cards for the past 6 months
IFEC and DEMCO cooperating to develop renewable energy at home and overseas. They will set up wind energy with capacity of 280MW worth Bt22bn in early 2015. (Kao Hoon, 12/12/14)
Comment: I do wonder where the funds will come from for this? Neither DEMCO or IFEC has the balance sheet necessary to do this project.
BRR confident that 4Q14 performance will be peak and targets revenue of Bt5bn in 2015 with net profit growth of Bt300mn, +70% YoY, as it will book full-year revenue from biomass power plant. The company will invest Bt1.1bn in an ethanol factory and a third biomass power plant. (Kao Hoon, 25/11/14)
Comment: As mentioned before, it’s the same story for any sugar plant
CWT is confident that 2014 revenue will reach Bt1bn as it will book large revenue from backlog in 2H14. The company expects revenue of Bt1.2bn in 2015. (Kao Hoon, 25/11/14)
GEL sets up a subsidiary in Mauritius, to be completed in 1Q15, and a JV with MILL in Myanmar, which is expected to start operations in 2Q15. The board approved investment in MILL shares. (Kao Hoon, 25/11/14)
ICHI expects good 4Q14 as purchasing power recovered. The company expects net profit of more than Bt1.1bn in 2014 after it cut the proportion of OEM, raising margin. The company expects revenue of Bt6.5bn in 2014 and sets a target revenue growth of 10% YoY in 2015 via export channels. (Kao Hoon, 25/11/14)
Comment: Well that’s big change from the “expected growth” it was going to receive from expanding to indonesia
AI expects good 3Q14 net profit of Bt21.85mn due to a higher margin for its porcelain insulator business and no stock loss from the biodiesel business. Management expects revenue of Bt6bn in 2014 and aims to expand overseas. It hopes to obtain power plant construction of Bt1bn. (Thun Hoon, 07/10/14)
Comment: AI has been a strong performer over the past few years because of their expansion into biodiesel and what effectively is a monopoly in their industry for their core products
Airline’s big hope in IPO – Privately-owned Bangkok Airways expects to raise up to Bt14bn in what will be one of Thailand’s largest initial public offerings (IPO). The anticipated proceeds would be 16.5% lower than the amount analysts speculated would be raised based on the expected Bt30/share versus a range of Bt23-27 officially announced yesterday. (Bangkok Post, 07/10/14)
Comment: It looks like appetite for this IPO is waning.
BROCK expects higher profit in 3Q14 QoQ as demand for housing has recovered. The company expects revenue of Bt100mn in 2014 due to growing property market. Management said that BROCK will conclude the hotel construction deal with a Korean company in 2015. (Thun Hoon, 07/10/14)
The Securities and Exchange Commission filed a criminal complaint on Monday with the Department of Special Investigation (DSI) against Rich Asia Steel executive Angkakarn Tantiviroon and two former executives of United Securities for Rich share manipulation.
Previously, Mr Porntep and Ms Arada were named in a share manipulation criminal complaint of Metro Star Property, Thai Unique Coil Center, and S.E.C. Auto Sales and Services.
Source: Bangkok Post
No wait seriously, this is the 4th offence?
And wait wasn’t S.E.C. Auto Sales & Services the firm where the owner siphoned tonnes of $$ and ran away?
Hello SEC? DSI? Prosecutors? Do your jobs, instead of just giving them a small couple million baht fine, put them in jail.
While we applaud the fact that the SEC does take action against insider trading, but 7 years later? Really? And only a fine of THB 27 mn despite the fact this is an egregious action against public investors. Anyways at least we know this is another company to put on the blacklist for investing in unless shareholders and management changes.
The Securities and Exchange Commission (SEC) has imposed a total fine of 26.66 million baht on the Leesawadtrakul family for manipulating the share price of Rich Asia Steel Plc.
An SEC press statement said Somdej Leesawadtrakul colluded with others in trading RICH shares through 15 related persons’ securities trading accounts to lure the public into the trading of shares between May 10 and July 31, 2007. The Stock Exchange of Thailand found irregular trading of RICH shares by a group of persons during the period.
Source: Bangkok Post