Tag Archives: ROBINS

Stocks in the news (arrow, biz, bsm, cpn, csl, global, jubile, mega, robins, s, sci, spali, sutha, syntec, tacc, tfg, twz) 06.09.16

ARROW
ARROW expects 2016 revenue and profit to be a new high. It is maintains its full-year target revenue at Bt1.4bn, growth of 15%. It has backlog of Bt240mn, all of which will be booked this year. It is talking with two companies to take a share of its subsidiary and expects to make a deal within 2017. (Kao Hoon, 06/09/16)
BIZ
BIZ maintains 2016 revenue target growth of 50-60% and plans to expand its customer base in both government and private hospitals. It expects 2019 revenue to reach Bt1bn and has a three-year plan to do a JV with a private hospital to set up a cancer center. (Kao Hoon, 06/09/16)
Comment: Well its certainly pricing this growth in at these valuation levels
 
BSM
BSM expects to sign a Bt100mn contract for work in Papua New Guinea in early 4Q16. This will support 2H16 earnings. It expects a profit in both 3Q16 and the whole of 2016. It expects the Sansara project to finish around the end of 2017 to early 2018. It targets 2017 revenue of Bt800mn from Bt700mn this year, supported by expanding to Myanmar and Cambodia. ( Thun Hoon, 06/09/16)
CPN
CPN expects 2H16 revenue growth of 12-14% backed by steady growth in same-store sales. It is confident that 2016 revenue will grow 15% supported by opening a new shopping center. It expects to change CPNRF into a REIT at the end of 2016. (Kao Hoon, 06/09/16)
Comment: Given the size of the business today, its rather astounding how well they continue to perform
 
CSL
CSL expects 2016 revenue growth of 2-3%. It plans to expand high-speed internet in condominiums along the BTS line and expects 10,000 customers within this year. (Kao Hoon, 06/09/16)
GLOBAL
GLOBAL expects growth to continue through 2H16 with full-year revenue growth of more than 10%. It expects a net margin of 8.45%. It plans to expand to Myanmar and Cambodia, with a decision to be made next year. It expects to open eight new branches in 2016 and has a five-year budget of Bt10bn. ( Thun Ho on, 06/09/16)
JUBILE
JUBILE expects profit margin to continue to be good. It believes the Forevermark brand has a bright future. It plans to add four branches this year and has a five-year target of 25 branches. ( Thun Hoon, 06/09/16)
Comment: If JUBILE turnarounds around then you know that consumer confidence is back

Continue reading Stocks in the news (arrow, biz, bsm, cpn, csl, global, jubile, mega, robins, s, sci, spali, sutha, syntec, tacc, tfg, twz) 06.09.16

MSCI Semi-Rebalancing: Thailand has 11 changes

Changes in constituents for the MSCI Global Standard Indexes which will take place as of the close of May 31, 2016.

MSCI Thailand:                         (+2) EGCO, ROBINS

                                (-) none

MSCI Small Cap (Thailand):        (+3) DNA, GL, S
(-6) EFORL, SAMTEL, SDAT, SRICHA, TIPCO, TTCL

Stocks in the news (ajd, arrow, banpu, bcp, big, bkd, com7, delta, ilink, itd, ivl, mtls, pdi, pk, plat, ptt, ratch, robins, sci, takuni, tk, ttw, uniq) 23.02.16

AJD
AJD is studying investment in logistic business. It expects 2016 performance to be good on the back of its Top-Up business. (Thun Hoon, 23/02/16)
Comment: No comment, tired of the rubbish coming out of this firm.
ARROW
ARROW reported net profit of Bt245.2mn, growth of 65.24%, supported by decrease in raw materials cost. The board approved a dividend on 2H16 of Bt0.40/share, XD on April 29. (Khao Hoon, 23/02/16)
Comment: Boom knock out earnings *smash head against the wall for missing this*
BANPU
BANPU reported 2015 net loss of Bt1.5bn due to a slowdown in the coal business and booking losses from its electricity business in Laos. It has set a five-year budget of US$554mn to support growth further. (Khao Hoon, 23/02/16)
Comment: They have suffered and suffered like every other commodity player in coal…
BCP
BCP shows profit in 2015 of Bt4.15bn supported by GRM of above US$9. It will pay a dividend of Bt1/share, XD on 2 March 2016. (Khao Hoon, 23/02/16)
BIG
BIG will report earnings today with profit expected at more than Bt380mn or growth of 180% from 2014, supported by rising sales of mirror-less cameras. (Khao Hoon, 23/02/16)

Continue reading Stocks in the news (ajd, arrow, banpu, bcp, big, bkd, com7, delta, ilink, itd, ivl, mtls, pdi, pk, plat, ptt, ratch, robins, sci, takuni, tk, ttw, uniq) 23.02.16

Stocks in the news (bch, bdms, fsmart, kkp, ktb, ml, mtls, nch, nusa, robins, s, samart, scc, sf, sithai, smpc, super, tk, top, tpipl, tsr, vgi, vte) 04.09.15

BCH
Mid-east investor interested in BCH shares as it is a small-cap with strong fundamentals. It expects this deal to expand customers from the Middle East. (Thun Hoon, 04/09/15)
Comment: A mini BH in the making perhaps?

BDMS
BDMS reports that G. Wasupol Co Ltd has transferred its business to BDMS. It plans to add more three hospitals. (Khao Hoon, 04/09/15)
Comment: Issue for BDMS is that growth is going to look smaller b/c of its scale

FSMART
FSMART’s management accused of corruption by former shareholder. It expects this to be in the courts this month. (Khao Hoon, 04/09/15)
Comment: Then perhaps that shareholder should sue every past government in Thailand’s history as well.

KKP
KKP expects loans growth to drop because of the sluggish economy. It expects to have to make extra provisions. It targets 2015 NPLs of 6%. It does not plan to open new branches after closing 24 branches but expects to focus on service improvement. (Thun Hoon, 04/09/15)

Continue reading Stocks in the news (bch, bdms, fsmart, kkp, ktb, ml, mtls, nch, nusa, robins, s, samart, scc, sf, sithai, smpc, super, tk, top, tpipl, tsr, vgi, vte) 04.09.15

Stocks in the news (ah, aq, ba, bay, beauty, bjc, demco, gland, gunkul, hmpro, aco, mdx, mill, nncl, nov, aav, ppp, ptt, robins, sgp, tog, tsr, uwc, vgi) 16.03.15

AH
AH expects revenue to grow at least 10% this year. It will invest Bt400mn to upgrade its machinery. It is now discussing with business expansion with a potential partner. (Kao Hoon, 16/3/15)
Comment: It has been the worst performing auto manufacturing stock in the past 10 years in Thailand

AQ
AQ will expand more in residential property business, after cutting par to Bt0.5/share from Bt20/share and totally clearing all retained loss. In 2015, it will open nine new projects worth Bt8bn. It expects 2015 revenue to be Bt2.5bn. It plans to pay a dividend after turning to profit. (Thun Hoon, 16/3/15)
Comment: AQ still aims to be a turnaround story.

BA
BA targets revenue increase of 20% to Bt25bn this year, expecting higher revenue per seat after cutting promotions. BA has not benefited much from falling oil prices as it has a 60% hedge on fuel. (Krungthep Thurakij, 14/3/15)

BAY
BAY saw sluggish credit card spending in the first two months, 5% below its target. However, asset quality improved in 2M15 as a result of bonus season. (Krungthep Thurakij, 14/3/15)

Continue reading Stocks in the news (ah, aq, ba, bay, beauty, bjc, demco, gland, gunkul, hmpro, aco, mdx, mill, nncl, nov, aav, ppp, ptt, robins, sgp, tog, tsr, uwc, vgi) 16.03.15

Stocks in the news (ajd, aot, bay, bts, cei, cmo, dcon, delta, dtac, eastw, epco, focus, forth, kcm, lpn, mida, nch, robins, sgp, spa, tipco, uac) 06.03.15

AJD
AJD’s board calls off par split. It hopes to maintain shareholders’ benefit according to good governance practice. Also, shareholders were objecting. The SET had requested AJD to clarify the two par splits in a year, only four months apart. (Thun Hoon, 06/03/15)
Comment: More like they were getting slapped on the wrist for wanting to do multiple stock splits in a short amount of time

AOT
Rising passengers at Don Muang – The number of passengers at Don Muang International Airport continues to increase by almost 50% to 6.7mn in 1Q15. In 2015, the number of the passengers is set to grow to over its capacity of 27.6mn. (Kao Hoon, 06/03/15)
Comment: Don Muang has performed amazingly well in the past several years when the LCC’s were moved there

BAY
FTSE removed BAY from the calculation due to low free float, effective March 20. (Kao Hoon, 06/03/15)
Comment: Explains a lot of the market drop in recent days.

Continue reading Stocks in the news (ajd, aot, bay, bts, cei, cmo, dcon, delta, dtac, eastw, epco, focus, forth, kcm, lpn, mida, nch, robins, sgp, spa, tipco, uac) 06.03.15

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 (abc, akr, aq, bjchi, ccp, css, earth, ihl, jas, ldc, mc, pttgc, match, mpg, robins, rojna, rs, sappe, samtel, singer, thai, xo) 26.08.14

ABC
ABC placed on SP after hitting ceiling for six consecutive trading days. The share price shot up Bt18.20 to Bt82 in just six days. (Post Today, 26/08/14)
Comment: Well at least the SEC acted.
AKR
AKR to expand into EPC after the NCPO emphasized alternative energy. (Thun Hoon, 26/08/14)
AQ
AQ to expand into real estate following a cash fall of Bt652mn. Management said it targets revenue of Bt3bn this year, or 30% growth. (Thun Hoon, 26/08/14)
Comment: Issue is the same with every small real estate co, how will they manage their earnings over time?
BJCHI
BJCHI: 15% revenue growth on current backlog of Bt5bn. Management said it will acquire a portion of Aus Com, an Australian company, to tap into mining clients. (Kao Hoon, 26/08/14)
Comment: It’s a simple story for BJCHI, the global LPNG is booming, thai based contractors can beat almost every other contractor in the world based on price/value

Continue reading Stocks in the news (abc, akr, aq, bjchi, ccp, css, earth, ihl, jas, ldc, mc, pttgc, match, mpg, robins, rojna, rs, sappe, samtel, singer, thai, xo) 26.08.14

Stocks in the news (bgh, cpn, robins, ccp, css, jmt, nok, oishi, ptg, samco, ssi, ticon, trt, tru, ttcl) 29.05.14

BGH

Buys new hospital in Nakorn Pathom — BGH has announced the acquisition of Sanamchan Hospital, a 198-bed private hospital in Nakorn Pathom, plus its two hospitals. The investment cost is Bt3.66bnn (SET)

Comment: And the growth machine for BGH continues, still think it can comfortably go to THB 20/share, just wait for the day it does REITs 

CPN/ROBINS

Central Group pins hope on mid-year sales bonanza – Four business units under the Central Group of Companies have come together to stimulate consumers’ purchasing power during the mid-year period and attract more tourists. Central Department Store Plc, Central shopping complexes, Robinson Department Store Plc and The 1 Card will allocate Bt400mn to launch the Greatest Grand Sale from June 6-July 15 at 53 shopping centers and department stores nationwide. (Bangkok Post, 29/05/14)

CCP

CCP expects new high performance in 2014, continuing from 2013, because political problems are easing. It expects more investment in the public sector and more new work. It maintains revenue growth target of 10% YoY and has backlog of Bt1.86bn. It is negotiating for a joint venture. (Khao Hoon, 29/05/14)

Continue reading Stocks in the news (bgh, cpn, robins, ccp, css, jmt, nok, oishi, ptg, samco, ssi, ticon, trt, tru, ttcl) 29.05.14

Stocks in the news (bcp, demco, egco, eic, global, mc, ofm, ptt, robins, tog) 27.05.14

BCP

Only slight QoQ fall in EBITDA in 2Q14 — Although its refinery will be shut down for maintenance, BCP expects EBITDA for 2Q14 to only fall slightly compared to 1Q14. Even though EBITDA for refinery business will fall by 30%, revenue from its three solar energy phases plus the attractive adders, will help strengthen EBITDA margin this quarter. (Khao Hoon, 27/05/14)

Comment: The main growth driver here will be from the solar business which is what had analysts all excited for the past 3 months

DEMCO

DEMCO says 2Q14 net profit will be strong supported by dividends of more than Bt116mn from wind projects Huay Bong 2 and 3. Management said its current backlog is Bt4.348bn and it is waiting to sign for a Bt200mn new project. It will also expand into Laos, Myanmar and list “Wind Energy Holding” in the market at the beginning of 2015. (Tun Hoon, 27/05/14)

Comment: The listing of the Wind Energy Holding + its dividends from the wind projects are keeping demco’s valuations at these levels.

EGCO

EGCO confirms investment into electricity business this year at Bt18bn, with at least ROE of 10%. Management said they will expand and invest in both Thailand and abroad. (Khao Hoon, 27/05/14)

Continue reading Stocks in the news (bcp, demco, egco, eic, global, mc, ofm, ptt, robins, tog) 27.05.14