Tag Archives: sccc

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 (aot, bkd, cpn, cwt, dtac, erw, gfpt, irpc, ktc, pap, ps, salee, sat, sccc, thai) 26.07.16

AOT
AOT expects 3QFY16 net profit to hit Bt4.9bn, up 21%, giving 9MFY16 net profit of Bt15bn, up 17%. This came from higher passenger pass-through of 90mn passenger in the first nine months (+12%). (Khao Hoon, 26/07/16)
Comment: Altogether now, 1, 2, 3, amazing thailanddddd.
BKD
BKD expects to get jobs worth Bt300bn in 2H16 which will increase its backlog to 1.8bn. It expects 2H16 net profit to be good because of seasonality. It expects to recognize Bt400mn revenue in 2H16. (Thun Hoon, 26/07/16)
CPN
CPN yesterday announced the launch of its first mixed-use property project in Nakhon Ratchasima at the cost of Bt10bn. (The Nation, 26/07/16)
CWT
CWT expects 2H16 earnings to be good driven by automotive and exports. It expects 2016 revenue to pick up from Bt1.38bn to Bt1.5bn aided by numerous orders. It plans to take part in upcoming PPA bidding. It expects to complete a power plant deal in the north by 4Q16. (Thun Hoon, 26/07/16)
DTAC
DTAC chief marketing officer Sitthichoke Nopchinabutr aims to make the company the No 1 digital brand in Thailand by 2020 through revitalising its brand image, providing digital services that meet the needs of all market segments, and enhancing relationships and partnerships with local and global partners. (The Nation, 26/07/16)
Comment: Well it isn’t happening in the numbers

Continue reading Stocks in the news (aot, bkd, cpn, cwt, dtac, erw, gfpt, irpc, ktc, pap, ps, salee, sat, sccc, thai) 26.07.16

Stocks in the news (acc, aeonts, banpu, fsmart, hmpro, jutha, ktb, ktis, lst, max, ndr, npp, preb, sccc, spa, true, trc, vte) 14.03.16

ACC
ACC’s shareholders have approved 300mn share capital increase, at par Bt0.25 with warrant at a ratio of 4:1 and an exercise price of Bt1.25. It will use the funds for business expansion. It expects 2016 revenue to turn around on the back of alternative energy and property business. Its power plant business has already contributed revenue in Jan 2016. (Thun Hoon, 14/03/16)
Comment: Another odd (but new!) company that will somehow magically combine alternative energy and property development…

AEONTS
AEONTS plans to expand to 300,000 credit cards this year, focusing on young adults with a monthly income of over Bt30,000 of income. It expects to tighten extending credit to factories given the slowdown in export growth. (Khao Hoon, 14/03/16)

BANPU
BANPU’s board approved a capital increase of 2.582mn shares, at a ratio 2 old: 1 new at Bt5 with 1 warrant. It will use the funds to restructure its financing and lower debt from Bt12.9bn currently, in the process cutting D/E to 1.23X. (Thun Hoon, 14/03/16)

FSMART
FSMART expects 2016 revenue growth of 30%. It targets 90,000 Boon-Term Top-Up machines by the end of this year from 71,000 at the end of February. It plans to offer a new service, money transfers via Top-Up machines, in April and an e-wallet in mid-2016. (Khao Hoon, 14/03/16)
Comment: If the top line growth is this high, expect for bottom line to grow at 1.5x multiple…

Continue reading Stocks in the news (acc, aeonts, banpu, fsmart, hmpro, jutha, ktb, ktis, lst, max, ndr, npp, preb, sccc, spa, true, trc, vte) 14.03.16

Stocks in the news (aot, bigc, bjc, eastw, fsmart, kkc, ktc, lit, mint, planb, sccc, smpc, snc, svi, tcap, tnh, top, trc) 15.02.16

AOT
AOT to report 1QFY16 today, profit estimated at Bt4.48bn, growing 20% supported by an 11% rise in passengers to 28.9 million. It expects good earnings in 2Q16. It expects profit in FY2016 of Bt18.5bn based on the ATTA estimate of 13% growth in passenger flow-through in 2016. (Khao Hoon, 15/2/15)
Comment: It should be rather incredible #’s coming out of AOT..yet again
BIGC/TCC
Berli Jucker Plc (BJC) to buy the 58.56% stake in Big C from France-based Casino Group. TCC Group led by billionaire Charoen Sirivadhanabhakdi has assigned subsidiary BJC to make the purchase, borrowing Bt220bn to finance the acquisition. (Bangkok Post, 13/2/15)
Comment: We are curious to see how shareholders of BJC react to this given that they had initially rejected Metro Vietnam at BJC’s first attempt
EASTW
EASTW reported net profit of Bt1.58bn, growth of 18.79%. It reported revenue from sales and services of Bt4.36bn, up 2.94%, on an improvement in the economy. (Khao Hoon, 15/2/15)
Comment: Scale scale scale
FSMART
FSMART reported net profit of Bt272mn, 77% growth. It reported total revenue of Bt1.68bn, up 45%. The board approved a full year dividend of Bt0.15; the, interim dividend of Bt0.02 will be paid in 2H16. (Khao Hoon, 15/2/15)
Comment: Just incredible #’s continuing to come out of FSMART!

Continue reading Stocks in the news (aot, bigc, bjc, eastw, fsmart, kkc, ktc, lit, mint, planb, sccc, smpc, snc, svi, tcap, tnh, top, trc) 15.02.16

Stocks in the news (Age, auct, bland, brock, ea, gold, gunkul, irc, ivl, sccc, siri, stec, svi, tfd, twz) 25.09.15

AGE
AGE signals a turnaround in coal business, aiming to broaden customer base domestically and internationally. The company expects 3Q15 earnings to be better than Bt34mn made in 1H15, with full-year targeted at Bt100mn backed by better cost control. (Thun Hoon, 25/09/15)
Comment: In theory they should only be making a margin on the logistics of coal
AUCT
AUCT expects 2H15 earnings to be better than 1H15, with 2015F revenue growth targeted at 20%. (Khao Hoon, 25/09/15)
Comment: Perhaps one of the best asset light business models in Thailand today.
BLAND
BLAND expects 2QFY15 to be good backed by high demand for exhibition and concert. It plans to construct an outdoor ocean park at Muang Thong Thani (150-200 rai) to serve clients at its hotels. It expects hotel to be finished in 2017, capacity of 1,200-1,300 rooms. (Thun Hoon, 25/09/15)
BROCK
BROCK expects 2015 revenue to grow 10% from last year of Bt87.98mn aided by transfers. It is talking to prospective partner to invest in mega project. (Thun Hoon, 25/09/15)
EA
EA expects 3Q15 earnings to be higher than Bt2bn. It expects 2015 revenue to grow 50% from last year backed by solar farm at Lampang. It targets capacity of 664MW in 2018. It expects to get a800MW PPA. (Thun Hoon, 25/09/15)
Comment: Nothing new here, move on.

Continue reading Stocks in the news (Age, auct, bland, brock, ea, gold, gunkul, irc, ivl, sccc, siri, stec, svi, tfd, twz) 25.09.15

Stocks in the news (advanc, age, banpu, cth, delta, eastw, estar, ifec, intuch, jsp, kcm, ktc, mint, ncl, scc, sccc, trc, tsr, tta, ukem, wha, world) 31.07.15

ADVANC
ADVANC has launched a campaign “AIS the startup 2015”. This is hoped to bring in younger entrepreneurs who are interested in using ADVANC as a digital partner. (Khao Hoon, 31/07/15)

AGE
AGE plans to increase investment in alternative energy. It is studying a waste power plant abroad to adapt to the local environment. 2Q15 is expected to be good aided by cost controls. It expects 2015 revenue of Bt7bn. (Thun Hoon, 31/07/15)
Comment: We’ve been hearing about AGE planning to do this for years now…

BANPU
BANPU plans to list subsidiary “BANPU Power” in 2017. It expects its subsidiary to show 2015 net profit of Bt2.87bn with assets of Bt20.87bn. (Khao Hoon, 31/07/15)
Comment: With coal prices down some ~65% from its peak, its no surprise that Banpu has to shift to pure utility investments

CTH
CTH targets 2015 revenue of Bt6bn on higher monthly fees and new packages. It expects to boost the number of members to Bt3mn by the end of May 2016. (Khao Hoon, 31/07/15)

DELTA
DELTA is confident 2015 revenue will achieve its 5-10% target growth. It expects 2H15 revenue to be better than 1H15 on a higher gross margin from the automotive sector. It says there is no impact from the baht depreciation. It plans to do acquisition to support R&D. (Khao Hoon, 31/07/15)

Continue reading Stocks in the news (advanc, age, banpu, cth, delta, eastw, estar, ifec, intuch, jsp, kcm, ktc, mint, ncl, scc, sccc, trc, tsr, tta, ukem, wha, world) 31.07.15

SET Semi-annual Index Changes

There’ll be the usual annual rebalancing in the SET Indices names this week, the official changes are:

SET50

Additions: BA, BMCL, CBG, ITD, SAWAD, TPIPL, WHA, THCOM

Deletions: BAY, BIGC, BJC, HEMRAJ, KTIS, SCCC, SPALI, VGI

SET 100

Additions: ASP, BA, BEAUTY, CBG, CKP, LHBANK, MONO, RS, S, SAPPE, U, UNIQ, WHA

Deletions: BAY, BCH, BIGC, BJC, IFEC, KTIS, MEGA, NOK, PTG, SCCC, SIM, STA, THREL

SETHD Index

Additions: ASP, CPF, HANA, PS

Stocks in the news (age, akr, asp, bcp, chow, eastw, fsmart, ifs, kbs, nch, ncl, richy, sawad, sccc, tfd, ticon, tta) 31.03.15

AGE
AGE expects 1H15 to turn around on the effect of its cost controls. It has set its target coal sales volume at 3.45mt, which could boost revenue to Bt7bn. The company expects 1Q15 sales volume to be flat YoY. Its biomass power plant is scheduled to commence operations in late 2015. (Thun Hoon, 31/03/15)
Comment: Cost controls isn’t really the issue for AGE, it is more that coal prices have been on a continued downtrend for the past few years and this of course hurts a trading business like AGE.

AKR
With abundant investment capital AKR plans to invest in developing solar power plants when 800MW more will be opened for the private sector in April. Management expects the company to be awarded 20MW. This would support earnings for its existing transformer business. (Thun Hoon, 31/03/15)
Comment: hahahahaha, yeah right.

ASP
Asia Plus Group Holdings reports it has signed 18 contracts for new IPO deals. Of these, 4-5 will be executed this year. Management expects profit for this year could rise 15% with more than 75% dividend payout ratio. (Khao Hoon, 31/03/15)
Comment: Still the most complete local broker/investment bank in Thailand

Continue reading Stocks in the news (age, akr, asp, bcp, chow, eastw, fsmart, ifs, kbs, nch, ncl, richy, sawad, sccc, tfd, ticon, tta) 31.03.15

Stocks in the news (aav, amata, cgd, css, fsmart, gfpt, gunkul, ircp, ivl, jas, jmart, kcm, l&e, mpg, phol, sccc, scn, smpc, snc, spcg, susco, thai, thani, utp) 24.02.15

AAV
AAV expects strong recovery this year and targets 14.5mn passengers and double-digit revenue growth. The company said 1Q15 cabin factor will be strong at more than 84%, driven by the influx of Chinese tourists. (Kao Hoon, 24/02/15)
New CFO — AAV has informed SET that the Nomination and Remuneration Committee has approved the appointment of Mrs. Pattra Boosarawongse as Chief Financial Officer and Director of the company, replacing Mr. Pornanan Gerdprasert, effective February 23, 2015. (SET, 24/02/15)

AMATA
AMATA says investors still interested in investment in Thailand especially Chinese and Japanese, despite the BoI’s changes in privileges. It believes a clear picture will be seen in the next 1-2 quarters. It has set a land sales target of at least 1,000 rai this year and currently has backlog of Bt2bn, of which 90% will be realized as revenue this year. It has budgeted capex at Bt4.5bn, with 85% of that for land acquisition. It expects to list its REIT on the SET by May. Amata VN will conduct a roadshow by July and trade on the SET by yearend. (Krungthep Turakij, 24/2/15)
Comment: The only thing to think about for AMATA this year is it’s IPO of Amata VN and a potential REIT.

CGD
CGD expects to turn around to a net profit this year backed by large backlog. It will sell Bt1.3bn in assets to a REIT in 1Q15. It also plans to invest in a riverside hotel worth Bt19bn with completion by 2018. (Thun Hoon, 24/2/15)
Comment: That is the only thing driving CGD at the moment, forget the rest.

Continue reading Stocks in the news (aav, amata, cgd, css, fsmart, gfpt, gunkul, ircp, ivl, jas, jmart, kcm, l&e, mpg, phol, sccc, scn, smpc, snc, spcg, susco, thai, thani, utp) 24.02.15

Stock in the news (aav, demco, m, sccc, super, wha, gunkul) 23.04.14

AAV

Thai AirAsia X to take to the skies in June – Thai AirAsia X, Thailand’s first long-haul low-cost airline, will take to the skies about two months from now despite the tourism market being dragged down by the country’s political turmoil. After putting off the launch previously planned for the first quarter, Thai AirAsia X will launch its maiden service from Bangkok to Inchon, South Korea on June 17 and then kick off regular flights to Japan’s Narita airport in Tokyo and Osaka around July. (Bangkok Post, 23/04/14)

Comment: The last laggard play for a rebound on politics?

DEMCO

DEMCO booking dividend from Aeolus Power of Bt116mn on April 30. Aeolus Power will pay dividends at least twice a year with the next dividend expected in 4Q14. (Khao Hoon, 23/04/14)

Comment: The transition from a pure contractor to investor is nearly complete for this firm, next up will be its Wind Energy Holdings stake.

M

Bualuang Asset Management is rumored to be planning to increase stake in M to 8-10% due to its attractive dividend returns and average trading volume of Bt100mn per day. (Khao Hoon, 23/04/14)

Comment: AM’s in Thailand have one of the key factors in behind the increased asset prices seen on the markets. Continue reading Stock in the news (aav, demco, m, sccc, super, wha, gunkul) 23.04.14