Tag Archives: s

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

Stocks in the news (br, chow, daii, earth, epg, esso, gold, ihl, impact, ircp, lhk, s, samtel, uniq) 09.06.16

BR
BR expects 2016 revenue growth OF 10-15% supported by recovery in sales in 2H16. It plans to develop a new project to increase its margin. It expects to conclude a JV in Hong Kong in 1-2 months which is a key to expanding to Indonesia. (Thun Hoon, 09/06/16)
Comment: Cheap on valuations, so so on growth prospects
 
CHOW
CHOW sets 2016 revenue target growth at 50% to reach Bt4bn. It expects to sell 180k tons of steel, supported by government projects and higher price. It expects to start up a 30.5MW power plant by the end of this year and will list “CHOW Energy” on mai this year. (Kao Hoon, 09/06/16)
Comment: They have spent the last 12 months accumulating PPA’s in Thailand and solar power projects in Japan. Will be interesting to see the financial performance of those plants 
 
DAII
DAII has cut its 2016 revenue target growth to 10% from 15% as sales of construction materials has slowed. It expects to book an extra item from sale of land in 3Q16 which will push 2016 profit to grow more than last year. It plans to expand in Vietnam. (Kao Hoon, 09/06/16)
EARTH
EARTH expects 2Q16 earnings to be good supported by high season. It is certain that 2016 revenue will grow 10% from last year’s Bt17.1bn as it has a wider customer base. It expects to finish the deal for a solar farm in Europe this year. (Thun Hoon, 09/06/16)

Continue reading Stocks in the news (br, chow, daii, earth, epg, esso, gold, ihl, impact, ircp, lhk, s, samtel, uniq) 09.06.16

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 (big, cho, daii, eastw, ecf, epco, fire, grammy, mill, mtls, ori, s, sc, solar, uac) 17.03.16

BIG
BIG adjusts revenue target growth to 15% from 10% supported by camera market growth. It plans to start up “Print Gift” services in May to increase net and gross margins. (Kao Hoon, 17/03/16)
Comment: One interesting tidbit here is with the model cycle, when new models are released the older models will naturally see a drop in price, however BIG’s % margin shall remain the same and it’s the supplier that will be squeezed

CHO
CHO expects 2016 net profit will be better than last year. It expects revenue growth of 5- 10% supported by backlog of Bt650mn. It will know the outcome of its suit against the BMTA in 6 months or a year. (Kao Hoon, 17/03/16)

DAII
DAII sets 2016 revenue target growth at 15%. It plans to find a partner to do home building business in Vietnam. It expects to be No.1 in home building business in five years. (Kao Hoon, 17/03/16)

EASTW
EASTW expects 2016 net profit growth with a new target revenue growth of 5% from 2015 supported by high sales water quantity. It is considering increasing fees to reflect its cost. (Thun Hoon, 17/03/16)

Continue reading Stocks in the news (big, cho, daii, eastw, ecf, epco, fire, grammy, mill, mtls, ori, s, sc, solar, uac) 17.03.16

Stocks in the news (ci, ea, earth, erw, hmpro, ifec, ilink, jmart, mtls, prin, ptg, s, sci, siri, thai, true, tsr, uac) 01.03.16

CI
CI expects revenue to reach Bt6bn in three years. It reported revenue growth of 15% to Bt2.7bn in 2015 supported by backlog of Bt3-4bn. It plans a deal with a China partner to set up a 5-star hotel. It plans to set up a Bt1.5bn REIT for Sripanwa Hotel in 2H16. (Thun Hoon, 1/3/16)
Comment: It’s a fairly straight forward story here for CI, they have the assets on hand to switch into the REIT, they’ve already done one (property fund) for Sri Panwa’s first phase of assets and it’s a basic continuation, doesn’t hurt that they have done a sharebuyback over the past 21-18 months either.

EA
EA sets target revenue growth og 30% from Bt9.2 in 2015 supported by booking profit from a 90MW solar farm in Pitsanulok and COD of a wind power plant around midyear. It reported profit growth of more than 67% or Bt2.7bn in 2015. (Kao Hoon, 1/3/16)

EARTH
EARTH will pay a dividend of Bt0.10/share, XD on March 14. It reported profit in 2015 of Bt1.03bn. Management target revenue growth of at least 10% supported by coal sales of more than 11mn tons. (Kao Hoon, 1/3/16)

ERW
ERW expects earnings in 1Q16 will be good supported by high season and occupancy rate up to 85%. It expects revenue growth of more than 15% in 2016. It has budgeted Bt1.7bn to open seven new hotels in Thailand and the Philippines. (Thun Hoon, 1/3/16)
Comment: We do wonder, in the future will ERW follow the footsteps of all the other major asset owners and decide to shift from being asset based to doing more management contracts

Continue reading Stocks in the news (ci, ea, earth, erw, hmpro, ifec, ilink, jmart, mtls, prin, ptg, s, sci, siri, thai, true, tsr, uac) 01.03.16

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 (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 (20.10.15)

Names today: AOT, APCS, AQ, CPALL, CTW, DTAC, EMC, HMPRO, JWD, PACE, PSTC, S, SAWAD, SIRI, SMM, STPI, TPOLY)

AOT
AOT says 2015 passengers grew 21.94% to 106.79mn on the back of 47.75% passenger growth in Don Mueng Airport because of growth of low cost airlines. (Khao Hoon, 20/10/15)
Comment: Continued amazing passenger growth numbers by AOT.
APCS
APCS expects to get Bt100mn orders from Japan. It expects to show a net profit for nine months performance after it had a net loss of Bt2.37mn for the first half of this year. It expects performance to turn around. It plans to broaden its customer base at home and abroad. It is looking for partner to invest in new products. (Thun Hoon, 20/10/15)

AQ
AQ’s board has approved taking shares in of Golden Technology Industrial Co.,Ltd. It will manage 4,300 rai of land valued at Bt13.5bn. It is confident it can repay total debt to KTB. It plans to negotiate with KTB to restructure the debt. (Khao Hoon, 20/10/15)

Comment: Well that’s rather strange given that the company is short on cash.

CPALL
CPALL expects 3Q15 net profit of Bt3bn, lifted by higher sales of ready-to-eat foods and its stamp marketing campaign. It expects 2015 revenue to grow 30%. (Thun Hoon, 20/10/15)
Comment: It’s stamp campaign was an amazing success, with zero cost to CPALL and all the costs passed down to the suppliers.

CTW
CTW expects 2016 revenue to be good backed by private and public investment such as rapid transit, 4G, moving above-ground cables underground and the government’s “digital economy”. It expects this to increase demand for electric wire, cable, and fiber optics. (Thun Hoon, 20/10/15)

DTAC
DTAC reported 3Q15 revenue of Bt19.7bn with Bt1.2bn in net profit. It will pay an interim dividend of Bt0.72/share. (Thun Hoon, 20/10/15)

Comment: Decent #’s but they realise that it isn’t worth chasing customers today with 4G on the horizon and the need to conserve cash.

Continue reading Stocks in the news (20.10.15)

Stocks in the news (aot, apco, css, ea, fire, ifec, mtls, ple, s, scc, sena, siam, tsr, ttw, tvt, uv, world) 15.10.15

AOT
AOT reports 12.66% growth in FY2015 passengers at Suvarnabhumi airport to 52.38mn. (Khao Hoon, 15/10/15)
APCO
APCO expects 2016 net profit margin of 30-35% from 2015’s 25% backed by increasing distribution channels. It has introduced new products, APCOcapsule and APCOessence. It has postponed its capital increase. (Khao Hoon, 15/10/15)
CSS
CSS expects to benefit from 4G auction as it will bring in jobs for the construction and installation of communication towers. It will also benefit via subsidiary (NWC), which supplies tower and telecommunication equipment for ADVANC, TRUE, DTAC, TOT. It plans to ask for a 35MW PPA in government sector. It expects to get a tower installation project in Myanmar. It expects 2015 revenue to achieve its target growth of 20-25%. (Thun Hoon, 15/10/15)
Comment: Retail investors are all over this already in theory yes they should benefit tremendously, question is only if it is already priced in or not.
EA
EA expects 9-month net profit to surpass Bt1.9bn (+50%) backed by Bt600mn net profit in 3Q15 from a 188MW power plant. It expects a solar farm at Phitsanulok and wind power to start up at the beginning of next year. (Khao Hoon, 15/10/15)

Continue reading Stocks in the news (aot, apco, css, ea, fire, ifec, mtls, ple, s, scc, sena, siam, tsr, ttw, tvt, uv, world) 15.10.15

Stocks in the news (centel, eforl, epco, mint, mono, ori, s, sci, scn, spali, trc, ureka) 13.10.15

CENTEL
CENTEL expects 2015 revenue of Bt20bn with growth of 8-10% next year. It plans to add 8-10 new hotel management contracts to its portfolio. Growth will also come from acquiring new food and beverage brands, as well as expansion in the international hotel business which is expected to reach 30% of total revenue. (Thun Hoon, 13/10/15)
Comment: A quick trip to Phuket has taught me the following 1) The Russians are still here; 2) The Chinese are definitely here, tourism into Thailand is a non-issue, now we are just waiting to see if CENTEL can actually manage F&B brands well or not. 
EFORL
EFORL 3Q15 earnings could grow 300% from booking the gain from sale of its holding in WCIH. Teerawut Pangviroonrug, CEO, is confident that EFORL will achieve its 2015 revenue target of Bt4.5bn on growing customer base and additional income from Siam Snail. The IPO of its subsidiary WCIG in 2016 will support its growth story going forward. (Thun Hoon, 13/10/15)
Comment: Another future holdco in the making, its a story well known by the market already
EPCO
EPCO board has approved investment in a Bt2.5bn 25MW Japan solar farm project. The project’s commercial startup is expected in 2016. This is part of its long-term plan to grow its international energy portfolio. “BorPloy” solar project is expected to file for listing in 2016. (Thun Hoon 13/10/15)
MINT
MINT successfully completed its Singapore roadshow with a warm welcome from investors. It will continue with its Europe roadshow this week. It is keeping its earnings growth target of 15-20% over the next 5 years, starting with a plan to take over 7 new hotels this year. (Thun Hoon 13/10/15)

Continue reading Stocks in the news (centel, eforl, epco, mint, mono, ori, s, sci, scn, spali, trc, ureka) 13.10.15