Tag Archives: sam

Stocks in the news (aav, age, bigc, dtac, jas, pk, prin, sam, sci, sena, spali, super, tog) 03.05.16

AirAsia mulls Thai hub – AirAsia, the continent’s largest no-frills airline group, is keen to boost its position in Thailand with the relocation of its regional nerve centre from Indonesia to here. In a discussion with Prime Minister Prayut Chan-o-cha yesterday, AirAsia chief executive Tony Fernandes said the group would also like to build its own airports in Thai provinces such as Surat Thani. Furthermore, AirAsia is interested in a partnership with flag carrier Thai Airways International (THAI) to create a business synergy without equity partnership or competition, said Deputy Prime Minister Somkid Jatusripitak. AirAsia wants to strengthen its presence in Thailand, which it perceives as a gateway to Asean with significant growth potential in aviation businesses, said Mr Somkid. (Bangkok Post, 30/4/16)
Comment: It would obviously be a huge positive for AirAsia if they can pull it off here in Thailand, but would the government be willing to throw away a monopoly?

AGE expects revenue of Bt300mn from the service business. It expects to increase export portion to 30%. It is confident that 2016 revenue will grow 10% supported by coal business recovery and it has backlog of Bt200mn. (Thun Hoon, 3/5/16)
Comment: I’ve heard about a supposed recovery in coal since…2011?

Central, partner buy Big C VN for 920m euros – CENTRAL GROUP in partnership with Nguyen Kim Group yesterday announced the acquisition of Big C Vietnam from France’s Casino Group for 920 million euros (Bt36.6 billion). Central said the acquisition represented the strength of its will to keep expanding its business in Asia. “Central Group and Nguyen Kim Group have officially acquired Big C Vietnam, which has been operated for more than 18 years,” said Tos Chirathivat, CEO of Central Group. He said Big C Vietnam had 43 stores nationwide, comprising 33 hypermarkets and 10 convenience stores, and 30 shopping malls. “Total revenue in 2015 was approximately 586 million euros.” (The Nation, 30/4/16)
Comment: Boom!


DTAC urges full spectrum allocation road map – TOTAL ACCESS Communication (DTAC) has recommended that the government draw up a spectrum road map for the allocation and auction of the 700-, 850-, 1,800-, 2,300- and 2,600-megahertz bands to support affordable and universal access to fixed and mobile broadband Internet. (The Nation, 30/4/16)
Comment: Of course DTAC needs a clear roadmap, but since when has any Thai government (ex thaksin) been able to stick to a clear plan and execute it? And if there is no clear roadmap, what will happen to DTAC?

Continue reading Stocks in the news (aav, age, bigc, dtac, jas, pk, prin, sam, sci, sena, spali, super, tog) 03.05.16

Stocks in the news (acap, bafs, cfresh, chow, epg, irpc, jubile, kbank, loxley, lph, sam, tfg, tsr, twpc, uac, xo) 21.03.16

ACAP expects 1Q16 net profit to back to black and stay there for the remainder of this year. It expects to wipe out retained losses this year. It expects to make a decision on the credit card business with foreign partners by mid-2016. (Khao Hoon, 21/03/16)
Comment: Given that the credit card business is already well and truly saturated in Bangkok, I don’t see how ACAP can make a dent in it.

BAFS is budgeting Bt8bn to invest in an oil pipeline in the north, expects this to handle 14,000mn liters oil by 2019. It expects 2016 revenue to grow not less than 11%. It targets fuel demand for aviation to grow 6-7%. It is considering investing in the resort business. (Thun Hoon, 21/03/16)
Comment: BAFS aim here is to effectively act as the owner and collect a fee from the amount of oil transported through the pipeline, an oil highway if you will.

CFRESH expects 2016 revenue to grow 10-15% brought by orders from the US and Japan. It expects gross margin to improve from last year to 13-14% after its customers in Europe increased orders. Its subsidiary abroad is having lower net losses after a business restructuring. (Thun Hoon, 21/03/16)

CHOW expects the steel industry to recover because it got Bt1.6bn in orders. It expects to benefit from a 30% increase in steel price. It expects 80MW power business to contribute revenue of Bt1.2bn. (Thun Hoon, 21/03/16)
Comment: They’ve been incredibly active on the power front trying to buy plants and investing in Japan

Continue reading Stocks in the news (acap, bafs, cfresh, chow, epg, irpc, jubile, kbank, loxley, lph, sam, tfg, tsr, twpc, uac, xo) 21.03.16

Management trades 11/01 – 15/01

Notable Transactions

Buy(s) THB 463 mn

  • BA – And he continues to buy and buy and buy and buy
  • SAM – Seems to be a trade between shareholders
  • DCORP – A first time to see this name on the management buy list, perhaps worth a look.
  • IFEC – Same as SAM, never cared for IFEC, perhaps one of the most obviously manipulated stocks in the thai market with management most likely behind it (of course this is just speculation….)

Sell(s) THB 158 mn

  • SAM – See above
  • IFEC – See above
  • CHG – This director/shareholder has been selling his shares ever since they ipo’ed..in the meantime the stock price has doubled.



Management Trades – Dec ’15

Notable Transactions

Buy(s) THB 6.3 bn


Sell(s) THB 15.0 bn


160104 mgmt_trades

Note: Transactions shown are trades above THB 20 mn

Stocks in the news (beauty, cgs, fpi, gfpt, match, mc, mk, pca, ppp, prin, rojna, rs, sam, spa, tipco, tta, upa) 23.06.15

BEAUTY targets to maintain gross margin of 69%. It plans to introduce a new product in 3Q15. 2H15 is expected to be good thanks to seasonality. The plan to set up a distributor in Indonesia is expected to be finalized in 3Q15. It expects Bt1.7bn revenue from abroad this year. (Thun Hoon, 23/06/15)
Comment: Since templeton bought in, share price hasn’t gone anywhere, a sign of a peak perhaps? 

CGS is dealing with Neo & Partners Global, a Singapore partner to introduce a new innovation, DMA for investors who trade stocks and derivatives via the Internet. (Thun Hoon, 23/06/15)
Comment: Zzzz no impact on earnings.

FPI expects 2Q15 earnings to grow, backed by numerous orders and the baht depreciation. It targets 10% revenue growth in 2015. It plans to increase production utilization to 85% after warehouse is finished. (Khao Hoon, 23/06/15)

GFPT is confident 2Q15 earnings will beat forecasts. It expects 5-10% export growth and 7-8% revenue growth this year. It plans to expand poultry farms in the second half of the year. (Khao Hoon, 23/06/15)
Comment: Still the best chicken co in town.

Continue reading Stocks in the news (beauty, cgs, fpi, gfpt, match, mc, mk, pca, ppp, prin, rojna, rs, sam, spa, tipco, tta, upa) 23.06.15

Management Trades 06/10 -10/10

Notable Transactions
Buy(s) THB 141 mn

  • SAM – A share swap between two directors
  • SYNTEC – They expect for earnings to grow strongly this year because of the extra income that will push earnings to more than THB 300mn from last years THB 80 mn

Sell(s) THB 221 mn

  • SAM – See above
  • TFD – One of the smaller industrial estate factory developers, but there has been noise around it doing solar rooftops with SPCG and them selling


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

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

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 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

Management Trades 22/09 – 26/09

Notable Transactions
Buy(s) THB 119mn

  • IFEC – So this funny renewable energy company is actually worth something in the eyes of this Director
  • RS – K. Surachai has been buying shares in RS non stop for the past 2 years
  • SAM – The MD buys a relatively large stake (mkt cap is thb 2bn) in this steel player

Sell(s) THB 289 mn

  • AJD – Massive sale by a director
  • BGH – Post the Convertible issuance (which has a v small dilutive impact) a director sells shares
  • BKD – Quite a large sell by the MD, this reps nearly 8% of total shares
  • CHG – Continued selling by the directors, there has never been a single buy by management/directors in this hospital since the day it ipo’ed
  • OCEAN – Another big sell by management, this time about 5% of total shares

140928 mgmt_trades