Tag Archives: sawad

Stocks in the news (bay, bsm, ci, forth, lph, nyt, planb, sawad, sgp, siri, spa, tapac, thani, ticon, vibha) 16.09.16

BAY
BAY expects 2016 auto leases to reach Bt133bn. It has raised its loan target to Bt279bn after expanding its services to the eastern part of the country. (Thun Hoon, 16/09/16)
Comment: The moment that BAY increases the free float i wouldn’t be surprised to see the stock price increase based purely upon fund flow
 
BSM
BSM expects 2H16 earnings growth to be outstanding after 1H16 profit of Bt0.97mn. It expects to focus on high margin products and launch new products. It is confident that 2016 revenue will hit its target of Bt700mn, growth of 20%. It plans to sign a contract for work in Papua New Guinea worth Bt100mn in 4Q16. (Thun Hoon, 16/09/16)
CI
CI expects 4Q16 to be outstanding due to booking revenue from the sale of assets and high season. It expects 2016 revenue to reach its target of Bt3bn, supported by booking revenue from more projects and launching a new project worth Bt2.91bn. This will increase its backlog from more than Bt2bn. (Thun Hoon, 16/09/16)
Comment: If you compare CI today versus where it was 5 years ago you’d be impressed by their ability to become a property company with relatively consistent earnigns
 
FORTH
FORTH expects to bid for a government project worth Bt1bn and expects to get the job. It maintains its 2016 revenue target at Bt5.8bn, supported by more orders and its subsidiary. (Thun Hoon, 16/09/16)
LPH
LPH has switched to long-term lease of Decha Hospital from an outright purchase. The lease will extend 20 years and a decision is expected this month. It expects 3Q16 revenue growth of 10%, giving 2016 revenue growth of 10-15%. It plans to buy two hospitals. (Kao Hoon , 16/09/16)
NYT
NYT is negotiating with a foreign partner to do a port in Indonesia to support auto production and plans to add a warehouse on 80 rai to generate income. It plans to increase investment in the C0 port to 29% from 20%. It expects 2016 profit to record a new high, supported by increasing auto exports. (Thun Hoon, 16/09/16)
Comment: The monopoly expands

Continue reading Stocks in the news (bay, bsm, ci, forth, lph, nyt, planb, sawad, sgp, siri, spa, tapac, thani, ticon, vibha) 16.09.16

Stocks in the news (akp, bch, bcp, biz, ivl, jas, lit, mill, oishi, ori, prin, pttgc, qlt, sawad, spali, tasco, tfg, tkn, tpch) 11.08.16

AKP
AKP reported 2Q16 net profit of Bt18.08mn, up 61.6% YoY. It expects 2H16 performance to achieve its target. (Thun Hoon, 11/08/16)
BCH
BCH expects 2H16 earnings to be good supported by a faster breakeven at WMC than expected. It plans to increase Social Security clients to 800,000. It expects 2016 revenue to grow no less than 10%. (Thun Hoon, 11/08/16)
Comment: Well WMC has been waiting to breakeven for a long time…
 
BCP
Bangchak seeks 4th revenue engine – BANGCHAK PETROLEUM is seeking a new business to perform as the “fourth engine” of the company, after the spin-off of its green-power business. (The Nation, 11/08/16)
Comment: And the spin is expected to happen within the next 6 months
 
BIZ
BIZ reported 2Q16 net profit of Bt8.1mn and total revenue of Bt106.59mn, a surge of 502.51% YoY due to realizing more revenue. (Thun Hoon, 11/08/16)
IVL
IVL reported 1H16 net profit of Bt10.84bn, increasing 95% YoY, and 2Q16 profit of Bt5.95bn supported by PET business recovery and booking extra gain of Bt2.49bn from an acquired business. (Kao Hoon, 11/08/16)
Comment: So they were able to boost their 1H16 #’s due to “extra gain” bookings from acquisitions, what magical things await in 2H16?
 

Continue reading Stocks in the news (akp, bch, bcp, biz, ivl, jas, lit, mill, oishi, ori, prin, pttgc, qlt, sawad, spali, tasco, tfg, tkn, tpch) 11.08.16

Stocks in the news (ask, bla, demco, egco, gfpt, gold, gunkul, kce, nep, ptsc, ratch, sawad, siri, spa, susco, tu, thcom, wha) 10.08.16

ASK
ASK expects revenue and loan growth of not less than 15% on seasonality. It plans to issue a debenture to replace the old one of Bt7.3bn that is expiring. (Thun Hoon, 10/08/16)
Comment: It’s more likely that the continued improvement will come from decreased financing costs
 
BLA
BLA reported 2Q16 net profit of Bt9.3bn thanks to reversal of provisions. It will pay a dividend of Bt0.32/share, XD on Aug 25. (Khao Hoon, 10/08/16)
Comment: Despite the short term respite it’s still going to be tough for insurance co’s to make $ on their investment portfolio’s given these low yields
 
DEMCO
DEMCO says its 60MW wind power at Khao Kor commenced operations. It expects this to contribute Bt40mn income in 2017. It expects 2016 revenue to grow 10-15%. Its backlog is Bt7bn, of which it expects to book Bt6bn this year. It plans to take part in Bt10bn in bids. (Thun Hoon, 10/08/16)
Comment: The issue surrounding Demco is still because of the loss of production payments 
 
EGCO
EGCO reported 2Q16 net profit of Bt2.04bn (+46%). This brought 1H16 net profit to Bt4.63bn (+58%). ( Khao Hoon, 10/08/16)
GFPT
GFPT reported 2Q16 net profit of BT380.79mn (+90%) backed by lower feed costs and growth in GFN and McKey. It expects 2H16 earnings to be good on seasonality. It expects exports to reach 6,500ton/quarter. It expects 2016 gross profit to grow 14%. (Thun Hoon, 10/08/16)
Comment: Every chicken/pork company has had a wonderful 2Q and it looks like chicken prices are continuing to increase into the 2H16
 
GOLD
GOLD reported 2Q16 net profit of Bt359.38mn, which brought 1H16 net profit to Bt560.77mn driven by large transfers from property stimulus measures. It expects 2016 revenue to reach its target of Bt10bn. (Khao Hoon, 10/08/16)

Continue reading Stocks in the news (ask, bla, demco, egco, gfpt, gold, gunkul, kce, nep, ptsc, ratch, sawad, siri, spa, susco, tu, thcom, wha) 10.08.16

Stocks in the news (aot, beauty, bjchi, cbg, global, itd, lh, nok, oto, sawad, spcg, tasco, tpch, tsr, tvt, uv, vpo, wha) 28.06.16

AOT
AOT expects to benefit from recovery in tourism, more passengers, and growth in flights by low-cost airlines. It targets non-aviation revenue to comprise 50% within three years. It plans to expand terminals in order to handle 6-8% passenger growth each year. (Thun Hoon, 28/06/16)
BEAUTY
BEAUTY expects 1H16 net profit of Bt169.61mn driven by large orders. It expects 2016 revenue to rise 20% from last year on high demand. (Thun Hoon, 28/06/16)
Comment: And the machine still continues..and I continue to bang my head against the wall.
 
BJCHI
BJCHI took part in a Bt6bn bid abroad. It expects this to increase its backlog from Bt4.2bn. It targets 2016revenue to grow 15% from Bt5.75bn, aided by transfers. (Thun Hoon, 28/06/16)
CBG
CBG plans to expand to Europe. It expects this to strength its brand awareness. It expects 2016 revenue to grow 15-20% driven by a larger local market. (Thun Hoon, 28/06/16)

Continue reading Stocks in the news (aot, beauty, bjchi, cbg, global, itd, lh, nok, oto, sawad, spcg, tasco, tpch, tsr, tvt, uv, vpo, wha) 28.06.16

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 (anan, banpu, bcp, kool, plat, ptg, samart, sawad, sci, thai, vte, wice) 20.04.16

ANAN
Taiwan fund is interested in investing in ANAN. A decision is expected soon. The company plans to issue a debenture worth Bt1bn to support business. It plans to launch a new project worth Bt19bn to increase its backlog to Bt37bn. (Thun Hoon, 20/04/16)
Comment: More curious about the recent perp bond they’ve announced than supposed investor interest
BANPU
BANPU has budgeted US$112mn to start shale gas business. It hopes this will provide support to revenue and earnings. (Khao Hoon, 20/04/16)
BCP
BCP listing subsidiary BCPG on the SET. It will sell 160 million shares and expects to undertake the IPO in 3Q16-4Q16. It plans to expand its business in Thailand and abroad. (Khao Hoon, 20/04/16)
KOOL
KOOL expects 2Q16 sales to grow 40% YoY supported by hot weather and high season. It plans to increase its distribution in Thailand and abroad. It targets to increase revenue from exports by more than 20% in 2016. (Khao Hoon, 20/04/16)
Comment: Effectively a single product company, what will they say when the rainy season hits? 

Continue reading Stocks in the news (anan, banpu, bcp, kool, plat, ptg, samart, sawad, sci, thai, vte, wice) 20.04.16

Stocks in the news (advanc, aot, beauty, bem, earth, egco, ifec, jas, m, sawad, scb, susco) 17.02.16

ADVANC
ADVANC to work with TRUE to help 2G customers. TRUE will propose a rental agreement with ADVANC to rent 900MHz for three months. They will be talking today. (Khao Hoon, 17/2/16)
Comment: I don’t quite see the point in ADVANC working with TRUE given that 1) Jas won’t pay and thus there’s still another license available & negotiate with NBTC and TOT to utilise the unused spectrum 2) It has the roaming agreement with DTAC

AOT
AOT expects passengers to increase by 16-18%, signaling 2Q16 growth of 20%. It plans to inject Bt140bn to expand and develop airports. (Thun Hoon, 17/2/16)

BEAUTY
BEAUTY is seeking a partner in Philippines. This will be clear by 4Q16. It targets 2016 revenue to reach Bt2.1bn, driven by higher demand. It also plans to expand branches abroad. (Thun Hoon, 17/2/16)
Comment: I’ve always liked the potential of the Philippines, and given that Beauty’s products are “cheap” i.e. 20 cents of 10-20 baht / unit it could do very well. Or is this just news from another company that they are expanding internationally and nothing will come out of it.

BEM
BEM awarded compensation of Bt4.38bn. The arbitrator has told the Expressway Authority of Thailand to pay BEM. (Khao Hoon, 17/2/16)
Comment: Less funding for the government to do upcountry loans?

Continue reading Stocks in the news (advanc, aot, beauty, bem, earth, egco, ifec, jas, m, sawad, scb, susco) 17.02.16

Stocks in the news (anan, banpu, bcp, bjchi, bwg, epco, forth, fpi, gunkul, ircp, k, l&e, maco, ndr, nok, rs, samart, sawad, tcj, tfd, tkn, tmi, trc, tvt, ubis, wha) 26.02.16

ANAN
ANAN targets 2016 revenue to reach Bt11bn backed by Bt37.2bn backlog. It plans to launch 12 projects, valued at Bt22bn. (Thun Hoon, 26/02/16)
Comment: Seems to be rather conservative estimates coming out from the management team given their backlog, lets see how things unfold during the year

BANPU
BANPU expects net profit to return to the black this year aided by US$70mn extra gain on Hongsa power plant and its coal capacity of 46.1mt/year. It plans to acquire a coal mine in Indonesia. It plans to issue a Bt10bn debenture. (Khao Hoon, 26/02/16)
Comment: Well and there’s a supposed listing of BANPU power..

BCP
BCP is budgeting Bt20bn for add 60 gas stations. It plans to list a subsidiary in 4Q16. (Thun Hoon, 26/02/16)

BJCHI
BJCHI reported its highest net profit at Bt1.32bn in 2015 supported by continuous construction of FPSO’s P75&77 projects. It targets 2016 revenue to grow not less than 15% thanks to Bt3.7bn backlog. It expects to be awarded new projects in April. (Thun Hoon, 26/02/16)
Comment: Impressive results given the huge drop in oil prices

Continue reading Stocks in the news (anan, banpu, bcp, bjchi, bwg, epco, forth, fpi, gunkul, ircp, k, l&e, maco, ndr, nok, rs, samart, sawad, tcj, tfd, tkn, tmi, trc, tvt, ubis, wha) 26.02.16

Stocks in the news (advanc, anan, cho, dcc, kcm, kkp, nwr, paf, sawad, scn, smpc, tmi, tog, tpc, tpipl, twz, vnt) 27.01.16

ADVANC
ADVANC is budgeting Bt40bn to expand its 4G network. It targets to cover all 77 provinces with 14,000 base stations in two months. It is confident it can secure its customer base. It expects to complete the deal with TOT by 1Q16. (Thun Hoon, 27/01/16)
Comment: And all signs are still pointing up for ADVANC despite the fact that it’s stock price is still some 30% below its peak

ANAN
ANAN expects 4Q15 to grow more than 500% from 3Q15’s Bt161mn on the back of transfers for two condominiums. It expects 2016 net profit to reach Bt1.6bn driven by numerous transfers. (Thun Hoon, 27/01/16)
Comment: No surprise here…and just watch their 2016 growth

CHO
CHO received orders for five catering trucks from customer in UAE, valued at Bt40mn. Delivery is to be in mid-2016. It expects to get 15 more orders, all of which will provide 10% revenue growth this year. (Khao Hoon, 27/01/16)

DCC
DCC expects 2015 net profit of Bt1.3bn with Bt7.1bn sales. Its board has approved a dividend payment of Bt0.05/share, XD on Feb 26. (Khao Hoon, 27/01/16)

KCM
KCM is talking to a Chinese partner about importing solar cells. It expects this to generate Bt50-100mn revenue. It plans to set up a steel rolling mill in Cambodia. It expects to list its subsidiary on the Cambodian stock exchange. It expects 2015 performance to be good despite the economic slowdown. (Thun Hoon, 27/01/16)

Continue reading Stocks in the news (advanc, anan, cho, dcc, kcm, kkp, nwr, paf, sawad, scn, smpc, tmi, tog, tpc, tpipl, twz, vnt) 27.01.16

Stocks in the news (ah, bjchi, cho, com7, dtac, earth, ifs, kce, mcs, mtls, sawad, stec, tae, tfd, thcom, tsr, uac) 11.01.16

AH
AH expects 2016 sales to grow 5-6% backed by automotive sector recovery. It expects to increase revenue by focusing on making molds, which increases its gross margin. (Thun Hoon, 11/01/16)
Comment: Rubbish, this company hasn’t performed for a decade.
BJCHI
BJCHI expects 4Q15 earnings to reach a record high aided by transfers and the baht depreciation. It targets 2016 revenue growth of 15%. (Thun Hoon, 11/01/16)
CHO
CHO plans to expand to Myanmar, Malaysia, and Indonesia. It expects this to contribute Bt100mn revenue this year. It targets 2016 revenue of Bt1.6bn with a 6% net margin. It is budgeting Bt100mn to invest in two garages. (Thun Hoon, 11/01/16)
COM7
COM7 expects 2016 net profit of Bt417mn (50% growth from 2015’s Bt281mn) backed by the switch to 4G by 10mn subscribers. (Khao Hoon, 11/01/16)
Comment: Waiting for the iphone7

Continue reading Stocks in the news (ah, bjchi, cho, com7, dtac, earth, ifs, kce, mcs, mtls, sawad, stec, tae, tfd, thcom, tsr, uac) 11.01.16