Comment: It does finally look like they are going to do something with their stake in Makro
EPCO expects 2016 net profit growth to be higher than 50% as it plans to invest in power plants at home and overseas to bring capacity to 200MW. It plans to list its subsidiary (Eastern Power Group) this year. It targets capacity of 500MW within 2018. Its shareholders approved issuing a Bt2bn debenture. (Thun Hoon, 04/05/16)
HMPRO reported 1Q16 revenue of Bt14.61bn, up 11.57%YoY with Bt866.18mn net profit, up 18.06%YoY. This brought by SSS growth and new stores for both HMPRO and Mega Home. (Thun Hoon, 04/05/16)
Comment: What consumer debt issue??
ITD signed a contract with the Department of Rural Road to proceed with the construction of the rail overbridge along the Rural Road No. Sor Kor 2032 at Baan Khoke Kham, Amphur Muang, Samut Sakorn Province on Apr 27, valued at Bt405.59mn. (Khao Hoon, 04/05/16)
BEM expects to pay dividend this year on the expectation of 40% growth in net profit after the Sri Rat expressway and MRT Purple Line open. It plans to take part in bids for public projects in CBD and outskirts. (Khao Hoon, 06/01/16)
Comment: And now the largest infrastructure/transportation play is listed!
CI expects a turnaround in 2015 performance from 2014 net loss of Bt20mn aided by condominium projects. It plans to launch a new Bt1bn condo and set up a Bt1.15bn REIT. (Thun Hoon, 06/01/16)
GFPT expects to pay dividend of Bt0.23/share, 2.3% dividend yield. It expects chicken price to recover this year and better exports. It expects net profit growth of 26% thanks to less excess supply. (Khao Hoon, 06/01/16)
Comment: Still the best chicken company, good luck trying to figure out chicken price movement.
GPSC expects growth in its power business this year on the back of government policy and its 20-year PPA. It expects some projects to start supplying electricity this year. It says it is not impacted by lower oil price. (Thun Hoon, 06/01/16)
ADVANC expects 2Q15 sales to drop more than 10-20% on the slow economy, though internet utilization will still grow. ADVANC says the company is not worried about sales as there are more than 10mn prepaid subscribers who do not register. (Khao Hoon, 07/07/15)
Comment: That’s a huge drop for ADVANC.
CHO expects to sign a Bt4bn NGV contract this week. It is talking to KCM to build a DC and warehouse for rent in Khon Kaen which is expected to be finalized this year. (Khao Hoon, 07/07/15)
Comment: Great news for CHO, doubt the long term sustainability of receiving constant projects from the government, but still great for the short term
CPF expects to pay a Bt0.3 per share interim dividend. 1H15 profit is expected to drop 76% to Bt959mn. It expects to show its best performance in 3Q15, benefitting from recovery of chicken and pork prices and export growth. (Khao Hoon, 07/07/15)
DNA has announced that subsidiary DNA Revolution will buy WSG shares. World Sport Group (WSG) is engaged in ad management business and has obtained the rights to broadcast sports competitions. (Khao Hoon, 07/07/15)
AOT revises down investment for Suvarnabhumi Phase 2 by Bt10bn from Bt62bn. The bidding will begin at the end of this year. Revenue is expected to grow 15% this year because of the increase in passengers. The Ministry of Finance is requiring a higher dividend but this does not affect its performance. (Khao Hoon 30/04/15)
Comment: Is the decrease because they have stamped out some corruption or really because Thailand has no $ and the MOF needs the cash.
Profit this year because ABC plans to sell 4,000 rai at Cha-am Hua-Hin with a gross margin of 70-80%. It will begin to sell in in 3Q15. It will eliminate retained losses of over Bt50mn and pay its first dividend in ten years. (Thun Hoon 30/04/15)
Comment: Will they be selling the land on their magical ecommerce website?
Cash dividend of Bt0.0605/share approved, payment on May 27. Khun Surachet Thaweesaengsakulchi says revenue will rise at least 15% YoY on the benefit from raising backlog to Bt600mn. It expects to book revenue this year. It is also prepared to bid for numerous projects. (Thun Hoon 30/04/15)
Capital increase to Bt587.99mn was approved by shareholders. This will back the stock dividend of 5 existing shares for 1 dividend share or equal to a cash dividend of Bt0.1 per share. CSS shareholders also approved to buy Neonwork Communication. It says its business continues to trend up. It has set this year’s revenue target at Bt4.8-5bn. (Thun Hoon 30/04/15)
AJD announced a par reduction to Bt0.01 from Bt0.10 to enhance the stock’s liquidity. It plans to list subsidiary, Happy Vision on mai next year. It targets doubling revenue this year after entering the entertainment business and expects to sell 4mn set-top boxes this year. (KrungthepThurakij, 2/3/15)
Comment: Stock split!
ANAN to go ahead with its 5-year business plan, focusing on property development near MRT and expanding its product line to cover all segments, which is expected to lift revenue above Bt50bn. For this year, it targets being No.1 in the condominium market with sale of more than 1.65 units per year. (Thai Post, 2/3/15)
Comment: Still love the long term outlook for this business.
AUCT appointed to arrange auction of 232 luxury cars for the Customs Department. This is expected to generate Bt300mn for the government. (Kao Hoon, 2/3/15)
Comment: And maybe about 230,000 baht for AUCT, remember they only take a fee for each transaction, they don’t risk taking on inventory.
CPF board approves spending Bt2.85bn to increase holding in C.P. Cambodia Co Ltd to 100% from 25%. (Thai Post, 28/2/15)
Comment: Left pocket right pocket.
AP is confident to achieve revenue of Bt22bn for 2014 vs. Bt17.13bn in 9M14, as a result of a recovering economy and rising consumer purchasing power, particularly landed properties. (Kao Hoon, 2/02/15)
Comment: The revenue growth is misleading because they have multiple JV projects, thus not all the recognised revenue %’s go straight to the bottom line
CENTEL will close JV deals of two hotels in ASEAN in Vietnam and Myanmar by 1Q15. It expects revenue to reach Bt22bn this year, backed by the tourism turnaround. It will spend Bt1bn to expand its food business. In 2014, its revenue was Bt18bn. (Tun Hoon, 2/12/15)
CK got a credit rating upgrade to A- from BBB+ for its new debenture worth Bt4bn, by TRIS, helping to ease its cost of funds. The new debenture will replace the old one and support business expansion. (Post Today, 31/1/15)
Comment: Plus with its new structure, all of its subsidiaries should, in theory, receive higher ratings as well
ANAN ups 2014 revenue target to Bt10bn from Bt9bn upon booking a large amount of revenue from backlog. The company will obtain new projects worth Bt29bn in 2015, which is expected to generate revenue until 2017, adding to current backlog of Bt27bn. (Thun Hoon, 28/11/14)
Comment: And this is the reason why I like ANAN the most out of all the property companies. Next year they’ll have sales growth + operating leverage.
CPF to continue to expand abroad, especially in India and Vietnam, where it sees high market potential. It said that its QSC standards are ready to be used in its chicken factories. (Kao Hoon, 28/11/14)
CRANE expects peak performance in 4Q14 with clients waiting to rent its cranes. The company maintains revenue target of Bt1.4bn in 2014, in line with growing construction activity and government spending. (Thun Hoon, 28/11/14)
Comment: A wonderful business here, basically they purchase cranes and lease them out or sell them on as well.
AJP partnering with “MIC Broadcast” to develop 8 satellite channels. AJP said that five of the channels are expected to go on air this year. This will help raise revenue and margins. Revenue is expected to start flowing in 4Q14. It said it is looking for more partnerships. (Kao Hoon, 04/11/14)
APURE gets large five-year OEM from a Japanese customer. The contract is said to be worth billions. Foreign investors offered to buy shares at 2.5x book value or Bt2.50/share. 3Q14 performance is expected to be strong, supported by a surge in orders in July-August. Revenue is expected to grow by 25-30% this year. (Thun Hoon, 04/11/14)
Comment: Doesn’t this just sound a bit ridiculous?
Ch 3 gets ultimatum – The national broadcasting regulator yesterday gave Channel 3 no more than 15 days to map out a strategy for simulcasting its analog programs on the digital platform, or it will be barred from broadcasting via satellite and cable, according to an official. (The Nation, 04/09/14)
Bt6-6.5bn from IMPACT REIT — BLAND management says it will book extraordinary income of Bt6-6.5bn from the sale of IMPACT REIT this year after the REIT units are sold to investors on Sep 8-12 & 14, plus proceeds from the sale of 50 rai in Srinakarin area. It expects the land sale to be concluded within the next 1-2 months and booked as revenue by the end of the year. (Kao Hoon, 04/11/14)
Comment: The REIT will keep BLAND’s share prices strong for the rest of the year, what will BLAND do with its huge amount of cash? Buy more land? Do more projects or pay a massive dividend?