Tag Archives: sc

Stocks in the news (biz, gpsc, planb, qlt, sc, sccc, smit, stec, tmt, tnp, utp, uvan) 06.08.16

BIZ
BIZ reported 2Q16 net profit of Bt8.10mn with total revenue of Bt106.59mn, growth of 502% backed by more orders. (Kao Hoon, 06/08/16)

GPSC
GPSC reported 2Q16 net profit of Bt686mn or growth of 45%, with 1H16 net profit of Bt1.56mn, growth of 55%. It plans to invest in new projects in Thailand and abroad. It expects the 550MW power plant to proceed as planned. (Kao Hoon, 06/08/16)
Comment: This power play has continued to impress since its IPO earlier this year.

PLANB
PLANB expects 3Q16 to record a new high as it will book revenue of no less than Bt10mn from digital media in BIGC. It plans to add 60 digital media boards nationwide. It is confident that 2016 revenue will grow no less than 25%. (Thun Hoon, 06/08/16)
Comment: Its still rather incredible that this company is trading at these lofty multiples despite their failure to show the magnificent growth, then again as I tell my friends, when investing in Thailand you have to “Believe!”

QLT
QLT plans to set up a subsidiary in Myanmar and expects to expand customer base in 2H16. It expects to get more revenue from gas pipeline expansion job in the north. It has backlog of Bt300mn, with Bt180mn of this to be booked this year. (Thun Hoon, 06/08/16)

SC
SC Asset revenue to top B15bn – SET-listed developer SC Asset Corporation Plc expects fullyear revenue to surpass its 15-billion-baht target as housing demand outstrips rising household debt . (Bangkok Post, 06/08/16)

Continue reading Stocks in the news (biz, gpsc, planb, qlt, sc, sccc, smit, stec, tmt, tnp, utp, uvan) 06.08.16

Stocks in the news (bem, bcp, btw, cho, fsmart, gl, hmpro, loxley, nch, ptt, sc, tks, tluxe, tse, uniq) 03.08.16

BEM
MRTA board approved hiring BEM to install a system at Taopoon-Bang Sue station for Bt63mn. It expects to sign the contract in September and finish the project within March 2017. It plans to negotiate with BEM to operate the Blue Line until 2042. (Kao Hoon, 03/08/16)
BCP
BCP negotiating with Indonesian partner to set up a geothermal power JV. It expects a decision to be made in September. It will continue to hold second place in its market with a share of 15%. It targets selling 320mn liters of oil per month or growth of 12% YoY. It expects 3Q16 GRM to average US$6-7/bbl. It plans to list its subsidiary in September or October. (Thun Hoon, 03/08/16)
BTW
BTW gets 2 solar farms with capacity of 10MW for Bt520mn. (Thun Hoon, 03/08/16)
CHO
CHO expects to get a big project valued at Bt800mn. It targets revenue growth of 10% and expects 2Q16 to show a profit thanks to more orders. It has backlog of Bt600mn, of which it has booked Bt400mn. (Thun Hoon, 03/08/16)
FSMART
FSMART has no effect from the cancellation of World Cup tickets and maintains its revenue target growth at 30%. It plans to expand to 90,000 Boon-Term machines nationwide. (Kao Hoon, 03/08/16)
GL
GL expects 2H16 earnings to step up after realizing profit from its JV in Indonesia. It targets loans to reach US$1bn within 2018 and will expand to Cambodia and Laos. (Thun Hoon, 03/08/16 )
Comment: The key driver for GL will still only be Cambodia, Laos and Indonesia will be too small to have an impact

Continue reading Stocks in the news (bem, bcp, btw, cho, fsmart, gl, hmpro, loxley, nch, ptt, sc, tks, tluxe, tse, uniq) 03.08.16

Stocks in the news (gift, gl, gunkul, ilink, kce, ksl, malee, preb, pylon, sappe, sc, scc, tsr, tvt, uec) 13.07.16

GIFT
GIFT is talking to a prospective partner to set up a subsidiary to operate in the power business with a 25% stake. It plans to expand to the utilities business with cash on hand of Bt230mn. It expects to list on the SET, with finalization in a month. It expects 2016 revenue to mark a record high with 10-15% growth. (Thun Hoon, 13/07/16)
Comment: This could explain yesterday’s stock price increase, no idea how a chemical distributor gets into this.
GL
GL got the license from OJK (Otoritas Jasa Keuangan) to provide financial services in Indonesia. It expects this to boost its sales and net profit. (Khao Hoon, 13/07/16)
Comment: We doubt that they’ll be as successful in Indonesia as they were in Cambodia, but this is still great nonetheless
 
GUNKUL
GUNKUL expects 2016 revenue to grow 30% from 2015’s Bt4.87bn. It does not worry about 2Q16 performance as it expects LED business to contribute revenue. It expects revenue to reach Bt300-400mn this year. It expects to take part in many alternative energy projects. (Thun Hoon, 13/07/16)
ILINK
ILINK expects to take part in four project bids, valued at Bt7bn. It expects the bid winners to be announced this year. It expects a Bt2.5bn MEA project to put up for bid on July 21. It expects to get all four projects. (Khao Hoon, 13/07/16)
Comment: And they still have the IPO of their subsidiary coming up

Continue reading Stocks in the news (gift, gl, gunkul, ilink, kce, ksl, malee, preb, pylon, sappe, sc, scc, tsr, tvt, uec) 13.07.16

Stocks in the news (age, aot, aqua, bm, ea, epco, ilink, irpc, ktc, mk, ptg, sc, super, tasco, thai, twz) 17.05.16

AGE
AGE reported 1Q16 profit growth of 114% YoY on total revenue of Bt940mn thanks to its cost reduction as well as a better
performance. It targets 2016 revenue growth of 10%. (Thun Hoon, 17/5/16)
Comment: It’s still far away from where they used to be pre’08
AOT
AOT reported 2FYQ16 net profit of Bt5.56bn or growth of 14% YoY. This gives profit of 1HFY16 of more than Bt10.19bn, growth of 15%, supported by 61 million passengers in six months and increases in flights to 389,272 flights. (Kao Hoon, 17/5/16)
Comment: At what point does the existing capacity of the AOT airports limit the future growth potential?
AQUA
AQUA shows 1Q16 profit of Bt79mn, up 22% YoY. Subsidiary Mantra Assets has budgeted Bt450mn to develop property and expects to realize revenue in mid-2017. (Thun Hoon, 17/5/16)
BM
BM’s first trading day. It expects a good response from investors. The company is certain that business will continue to grow due to high demand on the global market. (Thun Hoon, 17/5/16)
Comment: A steel co IPO…but regardless if its small enough it shall perform well.
EA
EA reported 1Q16 net profit of Bt710mn, increasing 22% YoY supported by its power plant business. It expects 2Q16 will be good after the startup of its 90MW solar farm in Pitsanulok. (Kao Hoon, 17/5/16)

Continue reading Stocks in the news (age, aot, aqua, bm, ea, epco, ilink, irpc, ktc, mk, ptg, sc, super, tasco, thai, twz) 17.05.16

Stocks in the news (acc, dcorp, delta, dtac, ifec, ilink, kkp, mc, ori, pace, sc, scc, smart, sr, super, syntec, tcmc, tks, tt, upa) 28.04.16

ACC
ACC expects to wipe out retained losses. It expects net profit to return to the black in 2016 after it expands its business to trading, property, and alternative energy business. It expects to pay a dividend this year on its turnaround. (Thun Hoon, 28/04/16)
Comment: A quick scan of the company shows that they have multiple holdings in alternative energy companies of ~5MW in total
 
DCORP
DCORP is looking for a partner to invest abroad. It expects a decision to be made in May. It targets project IRR above 15%. It expects to show net profit this year. It expects its solar cell power plant to operate in 2H16. (Thun Hoon, 28/04/16)
DELTA
DELTA expects 2Q16 earnings to turn around, backed by new products. It targets 2016 revenue to grow 10%. It plans to invest new plants overseas to increase its orders. (Khao Hoon, 28/04/16)
DTAC
DTAC will cooperate with 4DBOOK to launch 4DBOOK FREE application, offering books on line, for one year (April 27, 2016 – April 30, 2017) for DTAC Reward customers. It expects 200,000 subscribers this year. (Khao Hoon, 28/04/16)
IFEC
IFEC says Goldwin, a #1 windmill producer, is interested in investing with IWIND (10% stake) in order to expand to Asia. It expects the 10MW Pak Panang wind power plant to operate in 3Q16. It expects to take over a power plant company in Vietnam in May. (Khao Hoon, 28/04/16)

Continue reading Stocks in the news (acc, dcorp, delta, dtac, ifec, ilink, kkp, mc, ori, pace, sc, scc, smart, sr, super, syntec, tcmc, tks, tt, upa) 28.04.16

Stocks in the news (eastw, gold, gpsc, kool, nwr, pttep, qh, qtc, uac, sc, siri, smt, thana, top, yuasa) 19.04.16

EASTW
EASTW expects 2Q16 net profit to be peak because of seasonality. It expects 2016 revenue to grow 5% from 2015’s Bt4.65bn brought by continuous demand growth. It plans to list its subsidiary by 4Q16. (Thun Hoon, 19/04/16)
Comment: We’ve been waiting for this UU IPO for quite a while now.
GOLD
GOLD is talking to a prospective partner to invest in property business abroad, with a decision to be made within next year. It targets 2016 revenue of Bt9.77bn driven by transfers. (Thun Hoon, 19/04/16)
GPSC
GPSC expects 1Q16 earnings to be above Bt600mn (+28%YoY, +117%QoQ) mainly driven by Bt180mn dividend from subsidiary RPCL. (Thun Hoon, 19/04/16)
KOOL
KOOL targets 2016 revenue to grow 40% on the back of a marketing campaign and higher sales because of the high temperatures. (Bangkokbiznews, 19/04/16)
NWR
NWR expects to sign contract for motorway (Bang Pa-In – Korat) valued at Bt2.5bn soon. It plans to take part in Bt30bn in bids. It is studying investing in new business which is expected to raise revenue in 2017. (Khao Hoon, 19/04/16)
Comment: The issue here is that they can’t do more than what their balance sheet permits despite their best efforts

Continue reading Stocks in the news (eastw, gold, gpsc, kool, nwr, pttep, qh, qtc, uac, sc, siri, smt, thana, top, yuasa) 19.04.16

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 (advanc, akr, dcorp, gold, ifec, jas, ldc, oishi, sc, smt, spali, spcg, sprc, tsr) 08.03.16

ADVANC
ADVANC has budgeted Bt7bn to expand to fixed broadband and plans to be a big player within 3-5 years. It expects 2016 revenue to be close to 2015’s Bt156bn with EBITDA growth of 37- 38%. It guarantees a dividend of 100% of net profit. (Thun Hoon, 08/03/16)
Comment: 1) I think the news meant EBITDA margin 2) This is lower, as expected, versus last year ~40% 3) Now the only issues that remain are in regards a) How much revenue will be lost from those subscribers that haven’t crossed over b) How will the agreement look w/ TOT

AKR
AKR expects the government to conclude solar farm projects on March 11. It plans to invest in 40MW in renewable energy. The company will invest in 20MW and EPC in 20MW. It targets revenue growth of 50% to Bt3.2mn, backed by bids for transformer work to add to its backlog. (Thun Hoon, 08/03/16)

DCORP
DCORP is confident it will have a profit this year, supported by the startup of a 300 MW solar cell factory in 2H16. It expects shareholders to approve the investment in YINGLI. (Kao Hoon, 08/03/16)

GOLD
GOLD is confident that profit in 2016 will higher than last year. It targets revenue of Bt9.8mn and will book profit from sale of assets to a REIT of over Bt130mn each year. It expects to open 15 new projects worth more than Bt16.4bn. (Kao Hoon, 08/03/16)
Comment: Well of course with the sale to REIT!

Continue reading Stocks in the news (advanc, akr, dcorp, gold, ifec, jas, ldc, oishi, sc, smt, spali, spcg, sprc, tsr) 08.03.16

Stocks in the news (bigc, csl, ever, gl, gel, genco, gold, intuch, nncl, pt, sc, scc, sppt, takuni, top) 11.02.16

BIGC
BIGC plans to open new branches and renovate old ones this year. It expects to increase its gross area with an eye to generating substantially more revenue. It plans a securitization. (Thun Hoon, 11/02/16)
Comment: Now that the deal with TCC Group is only 1.5 months away from being sealed n delivered, the thinking goes to, how will they be able to monetise the assets of BIGC? How quickly will they launched a potential rumoured REIT? He’s done ok with stripping assets out of F&N to pay off the debt load, wouldn’t be surprised to see the same strategy unfold here.
CSL
CSL’s board has approved as DPS of Bt0.2/share. It will ask shareholder approval on March 28. It reported 2015 net profit of Bt315mn (Bt0.53/share) backed by core business recovery and got the data center projects. (Thun Hoon, 11/02/16)
EVER
EVER says The Politan Rive condo has achieved Bt4.08bn in presales (74%). It expects this project to sell out by 1H16 (Bt6.28bn) and begin to contribute revenue in 2019. It plans to launch phase 2 soon. (Khao Hoon, 11/02/16)
Comment: Ahhh this magical name…..stay away.
GL
GL targets new loans of Bt20bn from the current level of Bt10bn, mainly from Bt14bn in international loans (Cambodia, Laos, and Indonesia), Bt5bn from GL, and Bt1bn from a subsidiary. (Post Today, 11/02/16)
Comment: Well that would explain the valuation today, but still its tough….just doing some back of the envelope numbers and it already expecting some THB 20 bn in total loans BUT that’s assuming…a spread of 23%…no NPL’s…

Continue reading Stocks in the news (bigc, csl, ever, gl, gel, genco, gold, intuch, nncl, pt, sc, scc, sppt, takuni, top) 11.02.16

Stocks in the news (com7, ea, fire, fpi, gl, hmpro, iec, ihl, major, mfec, sc, solar, sprc, thcom, ttcl, uac) 15.01.16

COM7
Local institution is interested in COM7 shares because of its strong fundamental. It plans to invest in Hobby Plus to increase revenue. It targets 2016 revenue growth of 15% aided by focusing on online market and expanding its customer base. (Thun Hoon, 15/01/16)
Comments: It’s been on a tear in the past few months, a combination of acquisitions and the government spending incentive all helped.

EA
EA expects 4Q15 earnings to be good boosted by revenue contribution from every project. It plans to invest Bt23bn in a wind power plant. It is looking for partner. (Thun Hoon, 15/01/16)
Comment: No surprise here, everything still seems to be on track

FIRE
FIRE expects 2016 revenue to grow 20% aided by expanding abroad with a focus on Cambodia. It is budgeting Bt100mn to invest in Cambodia by as a distributor or outright acquisition. It expects this to be clear in 2017. It expects 2018 revenue of Bt1bn. (Khao Hoon, 15/01/16)

FPI
FPI expects 2016 revenue to be good after it has set up a JV in India. It expects this to increase orders by Bt300mn. It expects 2016 net profit to rise backed by the baht depreciation. It targets 2016 revenue growth of 20%. It has budgeted Bt150mn for investment. (Thun Hoon, 15/01/16)

GL
GL expects high 2015 net profit growth with a record high in 4Q15 driven by HP in Laos and Cambodia. It expects net profit to grow 96% on average for the next three years. (Khao Hoon, 15/01/16)
Comment: A former darling of ours and well they would have to grow at these levels just to justify their existing valuation

Continue reading Stocks in the news (com7, ea, fire, fpi, gl, hmpro, iec, ihl, major, mfec, sc, solar, sprc, thcom, ttcl, uac) 15.01.16