Tag Archives: rich

Stocks in the news (bwg, ci, cpf, dtac, egco, gunkul, mtls, nch, rich, tfg, tpoly, true, ttcl, wha) 09.10.15

BWG
BWG has strong fundamentals, high retained earnings and no debt with D/E at 0.62X. It expects profit growth of over 30% in 2015 supported by expanding its customer base. The company expects profit of 35-40% in 2016 due to more customers from BOI and booking sales from 9.4MW power plant. (Than Hoon, 9/10/15)
CI
CI expects profit growth of over 120% QoQ supported by its backlog. It expects revenue growth of 20% from 2014 due to pending transfers and a new project worth Bt4bn. (Than Hoon, 9/10/15)
Comment: Hence why they have been conducting a share buyback in the past few quarters
CPF
CPF expects net profit of Bt3-3.1bn in 3Q15 an increase 1-3% from 2Q15 due to increase in sales volume, weak baht, increase in selling price and recovery in businesses abroad. (Kao Hoon, 9/10/15)
Comment: Buy CPF and get CPALL for free it’s still the same story
DTAC
CAC orders DTAC to pay CAT – The Central Administrative Court has ordered DTAC pay Bt1.07mn plus with 7.5% interest to CAT for setting up a cellular network outside its concession on CAT’s towers. (Kao Hoon, 9/10/15)
Comment: Well that’s cheaper than AIS’s potential legal bill

Continue reading Stocks in the news (bwg, ci, cpf, dtac, egco, gunkul, mtls, nch, rich, tfg, tpoly, true, ttcl, wha) 09.10.15

Stocks in the news (auct, bjchi, ccp, cig, cwt, eastw, epg, irpc, ldc, qtc, rich, samoc, scc, spali, sricha, susco, tks, tmt, tpoly, true, ttw) 16.07.15

AUCT
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

BJCHI
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
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
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)

Continue reading Stocks in the news (auct, bjchi, ccp, cig, cwt, eastw, epg, irpc, ldc, qtc, rich, samoc, scc, spali, sricha, susco, tks, tmt, tpoly, true, ttw) 16.07.15

Stocks in the news (ah, aira, akr, ap, btc, chuo, delta, iec, lit, modern, mcot, mtls, ptt, rich, sc, sena, snp, siri, spcg, symc, tasco, tta, tvt) 10.07.15

AH
AH expects 3Q15 to be good backed by new car models. It targets 5-10% revenue growth this year although 2Q15 profit is expected to be lower than 1Q15 on seasonality. It expects to conclude an acquisition in 4Q15. (Khao Hoon, 10/07/15)
AIRA
AIRA plans to expand into leasing and insurance in 2H15. It expects to start nano-finance scheme. AIRA shareholders approved a capital increase of 3,160mn shares. (Khao Hoon, 10/07/15)
Comment: AIRA in a way has been quite clever of diversifying as far away as possible from the brokerage business 
AKR
AKR got a job from Royal Thai Army worth Bt480mn. Management is confident 2015 revenue will be good backed by electric transformer jobs. (Thun Hoon, 10/07/15)
Comment: Not a submarine purchase?
AP
AP plans to issue a debenture. The objective is pay down debt and for use as working capital. (Thun Hoon, 10/07/15)

Continue reading Stocks in the news (ah, aira, akr, ap, btc, chuo, delta, iec, lit, modern, mcot, mtls, ptt, rich, sc, sena, snp, siri, spcg, symc, tasco, tta, tvt) 10.07.15

Stocks in the news (aie, css, delta, ea, jas, lhbank, mfec, mk, ndr, pace, pae, rich, rs, sawad, synex, thai, true, tse, ttcl, ums, wha) 12.02.15

AIE
AIE says it will conclude a business cooperation agreement with a new partner by 3Q15. (Khao Hoon, 12/2/15)

CSS
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
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.

Continue reading Stocks in the news (aie, css, delta, ea, jas, lhbank, mfec, mk, ndr, pace, pae, rich, rs, sawad, synex, thai, true, tse, ttcl, ums, wha) 12.02.15

Stocks in the news (dimet, gold, ifec, irpc, focus, kbank, lhbank, mega, mtl, nncl, nusa, rich, rs, seafco, super, tasco, thai, uniq) 12.12.14

DIMET
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
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
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.

Continue reading Stocks in the news (dimet, gold, ifec, irpc, focus, kbank, lhbank, mega, mtl, nncl, nusa, rich, rs, seafco, super, tasco, thai, uniq) 12.12.14

Stocks in the news (brr, cwt, gel, ichi, lhbank, mc, mint, moong, ocean, ptsc, rich, robins, top, utp, vpo) 25.11.14

BRR
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
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
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
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

Continue reading Stocks in the news (brr, cwt, gel, ichi, lhbank, mc, mint, moong, ocean, ptsc, rich, robins, top, utp, vpo) 25.11.14

Stocks in the news (ai, ba, brock, bts, n-park, gold, kland, jas, ppp, rich, rs, sam, smit, spa, susco) 06.10.14

AI
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

BA
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
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)

Continue reading Stocks in the news (ai, ba, brock, bts, n-park, gold, kland, jas, ppp, rich, rs, sam, smit, spa, susco) 06.10.14

RICH Executives caught for a 2nd, 3rd and now a 4th time.

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.

 

Can the Thai SEC move any slower?

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