Tag Archives: RML

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 (bem, big, bigc, gcap, gfpt, grand, gunkul, irpc, ivl, jasif, mint, mtls, pace, ple, richy, rml, sawad, tpc, tsr) 11.05.16

BEM
BEM expects to open MRT Purple Line on Aug 6. It expects this to increase 2016 revenue growth to 15% as it will book Bt500mn/quarter as operating revenue. It expects 60,000 passengers/day. (Khao Hoon, 11/05/16)
BIG
BIG reported 1Q16 earnings of Bt234mn (221% growth) thanks to the boom in digital cameras. It expects revenue and net profit to mark a record high this year. It targets its market share to hit 65% at the end of 2016. (Khao Hoon, 11/05/16)
Comment: Blow out earnings, ignore the fact that its already trading near a market cap of THB 12 bn, retail, research, prop, everyone is loving this.
BIGC
Central Group sells BIGC – Central Group yesterday confirmed it had sold its remaining 25% stake in Big C Supercenter to TCC Group, a holding company owned by tycoon Charoen Sirivadhanabhakdi. (The Nation 11/05/16)
GCAP
GCAP is beginning to offer nano-finance. It expects this to support its performance in 2H16. It expects loans to grow 50% to Bt400mn. It targets nano-finance loans of Bt20mn this year. It targets 2016 revenue to increase 10-15%. It expects to control NPLs to be under 12%. (Thun Hoon, 11/05/16)
Comment: We aren’t quite confident in their ability to grow given that the target customer are farmers…
 
GFPT
GFPT reported 1Q16 net profit of Bt275mn, up 25.99% because of higher revenue and revenue from investment in associates (McKey and GFN). (Khao Hoon, 11/05/16)
Comment: Subs led the way, rev growth was meh, margins in line, where is this increase in chicken price?

Continue reading Stocks in the news (bem, big, bigc, gcap, gfpt, grand, gunkul, irpc, ivl, jasif, mint, mtls, pace, ple, richy, rml, sawad, tpc, tsr) 11.05.16

Stocks in the news (aav, abc, advanc, arip, delta, epco, epg, gpsc, kkp, lpn, rml, s, scn, scp, thcom, thl, tnp, trc) 12.02.16

AAV
AAV benefits from lower oil prices. It plans to open routes to Luang Prabang and Vientiane in 2Q16. (Khao Hoon, 12/2/16)
Comment: Similar to what was said before, AAV should dominate this entire region for LCC’s regardless of market events.
ABC
ABC expects to turn around this year. It plans to open a luxury condominium with units priced at Bt2.5mn. (Khao Hoon, 12/2/16)
ADVANC
ADVANC plans to invest Bt40mn to expand 3G-4G to cover Thailand. It expects to get 10mn 4G users. (Khao Hoon, 12/2/16)
Comment: Needless to say its going to be an interesting year for this sector. 
ARIP
ARIP plans to focus on digital marketing. It targets 2016 revenue of Bt300mn. (Khao Hoon, 12/2/16)

Continue reading Stocks in the news (aav, abc, advanc, arip, delta, epco, epg, gpsc, kkp, lpn, rml, s, scn, scp, thcom, thl, tnp, trc) 12.02.16

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 (age, beauty, cpf, ea, jas, lpn, qtc, rml, sgp, spa, susco, tog, trc, tru, uac, wha) 26.01.16

AGE
AGE plans to invest in Vietnam this year to meet high demand. It has budgeted Bt40-50mn to invest in new plants after seeing substantial local orders. It expects to focus on SME segment. It expects 2016 revenue growth to achieve its target of 10-15%. (Thun Hoon, 26/01/16)
Comment: And they should be announcing something with UAC and QTC as well, the long dreamed about biomass project
BEAUTY
BEAUTY plans to expand to Indonesia and set up distributors in January. It expects to increase revenue from exports. It targets 2016 revenue of Bt2.1bn with net profit margin of 20%. It expects 4Q15 earnings to mark a record high. (Thun Hoon, 26/01/16)
CPF
CPF expects 4Q15 net profit of Bt2.08bn (+158%) backed by extra gains from sale of investment. It expects this to lift 2015 net profit to Bt11.59bn (10% growth). It expects to pay dividend of Bt0.45/share on 2H15 performance. (Khao Hoon, 26/01/16)
Comment: Will this be the year that this chicken company runs? Still prefer/trust GFPT instead
EA
EA has budgeted Bt30bn to invest in 386MW wind power plants to bring its total capacity to 664MW. It targets 2016 revenue of Bt13bn backed by sale of electricity. (Thun Hoon, 26/01/16)
Comment: Again its the same story, no surprises here
JAS
JAS reported 2015 net profit of Bt15.7bn mainly driven by Bt13.2bn extra gain from selling assets to JASIF. It plans to pay a cash dividend of Bt0.3/share, XD on Feb 25. (Thun Hoon, 26/01/16)

Continue reading Stocks in the news (age, beauty, cpf, ea, jas, lpn, qtc, rml, sgp, spa, susco, tog, trc, tru, uac, wha) 26.01.16

Stocks in the news (04.11.15)

Names today: BKD, DNA, EA, IFS, IRPC, KCE, KTB, MACO, MINT, NCH, OCEAN, RML, S, STPI, TRC, TVO

BKD
BKD expects 2015 revenue to grow 40% backed by Bt2bn in backlog. It plans to bid for more public and private projects to raise its growth. (Khao Hoon, 04/11/15)

DNA
DNA expects 2016 revenue to turn around after it has completed restructuring with a focus on alternative energy. It expects to invest in four waste power plants which are expected to be concluded by 4Q15. It expects water management business to contribute revenue in 2Q16. It plans to invest in one more water management project, expecting to make a final decision soon. (Thun Hoon, 04/11/15)
Comment: These are interesting projects that DNA has put together, quite a strange move by a company that is supposedly involved in resorts and music distribution.

EA
EA expects 3Q15 earnings of Bt638mn (71% growth) aided by alternative energy business. 9M15 net profit is expected to be Bt1.9bn. (Khao Hoon, 04/11/15)
Comment: The story remains the same for EA, get all of its plants up and running.

IFS
IFS expects 2016 revenue to grow 15-20% backed by public investment (MRT and high speed trains). It expects SME loans to grow. (Thun Hoon, 04/11/15)
Comment: They do have a very interesting business here and up until this year have been growing quite consistently over the past 7 years.

Continue reading Stocks in the news (04.11.15)

Stocks in the news (apco, beauty, big, fsmart, hemraj, kcar, kkc, mint, pace, ptt, rml, samco, sena, spa, super) 08.09.15

APCO
APCO expects 2H15 revenue to be better than 1H15’s Bt189mn on expanding via online and launching new products. It targets 2015 net profit of Bt118mn on the back of high margin product and cost control. (Khao Hoon, 08/09/15)
Comment: And they are somehow launching a HIV/AIDS medicine as well.

BEAUTY
BEAUTY targets export to comprise 6% from 2% by focusing on India and the Middle East where it has a customer base. It plans to sign a contract with a distributor in Indonesia this month. It expects earnings to mark a record high this year. (Bangkokbiznews, 08/09/15)
Comment: They do have substantial amount of cash on the b/s relative to assets ~30% today.

BIG
BIG expects 2015 net profit to grow 100% from 2014’s Bt137mn on the back of higher bargaining power with suppliers. It has budgeted Bt100mn to renovate old branches and open new branches. (Thun Hoon, 08/09/15)

FSMART
FSMART plans to set up new version of Boonterm top-up machine in 208 SAWAD branches aiming at 200 branches/month. It is looking for other prospective partners. It targets top-up revenue to reach Bt15bn from 60,000 existing top-up machines. Management expects revenue from advertising will grow significantly in 4Q15. (Thun Hoon, 08/09/15)
Comment: And this machine continues to grow and grow

Continue reading Stocks in the news (apco, beauty, big, fsmart, hemraj, kcar, kkc, mint, pace, ptt, rml, samco, sena, spa, super) 08.09.15

Stocks in the news (bkd, becl, bmcl, cpr, css, fpi, irpc, kbank, kcm, match, mcs, ml, nwr, pps, ptg, ptt, pttgc, rml, smt, spa, tgpro, tpoly, trt, true, tvd) 26.08.15

BKD
BKD expects 3Q15 revenue to be higher than 2Q15. It expects to be awarded projects valued at Bt1.3bn in 4Q15. It expects 2015 revenue of Bt1.3bn as Bt2.5bn in backlog is expected to be booked. It targets 20% revenue growth next year. It plans to launch a property project in 2Q16. (Khao Hoon, 26/08/15)

BECL/BMCL
BECL expects the merger of BECL and BMCL to be finished by October with the new company trading in November. It expects to book a Bt1bn extra gain from BMCL in 3Q15. It expects Sri-Rat highway to open in July 2016. (Khao Hoon, 26/08/15)
Comment: The question still stands whether or not the company will be considered to be more valuable when the two entities combine, financial theory says no, thai investors may say otherwise.

CPR
CPR expects 2015 net profit of Bt50mn after it has reaching Bt27mn in 1H15. It expects 2015 revenue of Bt500mn backed by a broader customer base. It plans to add more farming machinery in 2017. (Thun Hoon, 26/08/15)

CSS
CSS has opened a new warehouse and office as management expects the telecom business to continue to trend up. It expects 2015 revenue of Bt4.8-5bn. (Thun Hoon, 26/08/15)

FPI
FPI expects 2015 revenue to achieve 20% target growth on the back of lower material cost and baht depreciation. It expects net margin of 13% this year. It is talking with ECF to invest in a 120MW biomass power plant, which is expected to be finalized in December. (Khao Hoon, 26/08/15)

Continue reading Stocks in the news (bkd, becl, bmcl, cpr, css, fpi, irpc, kbank, kcm, match, mcs, ml, nwr, pps, ptg, ptt, pttgc, rml, smt, spa, tgpro, tpoly, trt, true, tvd) 26.08.15

Stocks in the news (cwt, ea, epco, ifec, intuch, kbank, ktc, nwr, pae, preb, rml, solar, syntec, tapac, tisco, ttcl, tmi, tsr, tuf, vte) 14.07.15

CWT
CWT plans to invest in waste power plant, expects to sign PPA next month. It expects 2015 revenue of Bt1.2bn benefitting from cooperation with Japanese partner to expand abroad. (Thun Hoon, 14/07/15)
Comment: CWT has been one of those companies that has at times looked quite cheap, but according to long term market investors, it’s a shareholder group one should stay away from

EA
EA expects to show a good performance in 2Q15 benefitting from seasonality. It is talking to a prospective partner to invest in a biomass power plant which is expected to be finalized soon. The plants in Phitsanulok and Nakhon Si Thammarat are expected to operate in 2016. (Thun Hoon,
14/07/15)
Comment: The story hasn’t changed for EA, and they aren’t looking to expand into the VSPP (very small power producer)

EPCO
EPCO targets 500MW power capacity within 2-3 years, 100MW this year. Management says the deal with a Japanese and European company is expected to be finalized soon. It plans to invest in a biomass power plant in South with a partner, expected to conclude this week. (Khao Hoon, 14/07/15)

IFEC
IFEC has been selected to undertake a solar farm with Royal Thai Navy with a PPA for 60-100MW. It plans to take over other power plants in July. It plans to invest in a wind power plant in Korea. (Thun Hoon, 14/07/15)
Comment: Never hurts to have military connections in the shareholders

Continue reading Stocks in the news (cwt, ea, epco, ifec, intuch, kbank, ktc, nwr, pae, preb, rml, solar, syntec, tapac, tisco, ttcl, tmi, tsr, tuf, vte) 14.07.15

Stocks in the news (akr, amata, aot, bcp, beauty, brr, cpf, epco, fire, grand, hemraj, kcm, pcsgh, rml, siri, tpch, tpoly, tta, uniq) 21.01.15

AKR
Solar license soon — AKR’s management said that the state should decide on the licensing of the total 800MW of solar license sometime in February-March. It expects to receive license for 20-30MW, which should help profit. (Thun Hoon, 21/01/15)

AMATA
AMATA sees good 2015 ahead as it expects to book Bt4bn in revenue from its backlog. It is also in negotiations with Chinese and Japanese clients to sell more land. It plans to invest Bt3-4bn to develop land in industrial estates both at home and abroad. (Thun Hoon, 21/01/15)
Comment: Only two things to care about for AMATA this year, one the IPO of Amata Vietnam, two its REIT.

AOT
AOT to name new head today – The new president of the Airports of Thailand Plc (AOT) should be announced today, while the agency continues to go ahead with its plan to expand airports nationwide and launch promotions to deal with the rebound in the travel industry. (The Nation, 21/01/15)

BCP
Employees trying to halt PTT sale of shares — BCP employees have drafted a letter to the PM in hopes of halting the sale of BCP shares held by PTT. The employees say they do not want BCP shares to fall in the hands of other investors and confirm that they have no plan to buy more BCP shares themselves with their own money or via loans, which the board had proposed earlier. (Krungthep Turakij, 21/01/15)
Comment: If management was incredibly confident in the future of BCP, an MBO should be an option but I suppose their recent purchase of an oil co pre oil price crash doesn’t instill much confidence in the banks.

Continue reading Stocks in the news (akr, amata, aot, bcp, beauty, brr, cpf, epco, fire, grand, hemraj, kcm, pcsgh, rml, siri, tpch, tpoly, tta, uniq) 21.01.15