Tag Archives: sci

Stocks in the news (arrow, biz, bsm, cpn, csl, global, jubile, mega, robins, s, sci, spali, sutha, syntec, tacc, tfg, twz) 06.09.16

ARROW expects 2016 revenue and profit to be a new high. It is maintains its full-year target revenue at Bt1.4bn, growth of 15%. It has backlog of Bt240mn, all of which will be booked this year. It is talking with two companies to take a share of its subsidiary and expects to make a deal within 2017. (Kao Hoon, 06/09/16)
BIZ maintains 2016 revenue target growth of 50-60% and plans to expand its customer base in both government and private hospitals. It expects 2019 revenue to reach Bt1bn and has a three-year plan to do a JV with a private hospital to set up a cancer center. (Kao Hoon, 06/09/16)
Comment: Well its certainly pricing this growth in at these valuation levels
BSM expects to sign a Bt100mn contract for work in Papua New Guinea in early 4Q16. This will support 2H16 earnings. It expects a profit in both 3Q16 and the whole of 2016. It expects the Sansara project to finish around the end of 2017 to early 2018. It targets 2017 revenue of Bt800mn from Bt700mn this year, supported by expanding to Myanmar and Cambodia. ( Thun Hoon, 06/09/16)
CPN expects 2H16 revenue growth of 12-14% backed by steady growth in same-store sales. It is confident that 2016 revenue will grow 15% supported by opening a new shopping center. It expects to change CPNRF into a REIT at the end of 2016. (Kao Hoon, 06/09/16)
Comment: Given the size of the business today, its rather astounding how well they continue to perform
CSL expects 2016 revenue growth of 2-3%. It plans to expand high-speed internet in condominiums along the BTS line and expects 10,000 customers within this year. (Kao Hoon, 06/09/16)
GLOBAL expects growth to continue through 2H16 with full-year revenue growth of more than 10%. It expects a net margin of 8.45%. It plans to expand to Myanmar and Cambodia, with a decision to be made next year. It expects to open eight new branches in 2016 and has a five-year budget of Bt10bn. ( Thun Ho on, 06/09/16)
JUBILE expects profit margin to continue to be good. It believes the Forevermark brand has a bright future. It plans to add four branches this year and has a five-year target of 25 branches. ( Thun Hoon, 06/09/16)
Comment: If JUBILE turnarounds around then you know that consumer confidence is back

Continue reading Stocks in the news (arrow, biz, bsm, cpn, csl, global, jubile, mega, robins, s, sci, spali, sutha, syntec, tacc, tfg, twz) 06.09.16

Stocks in the news (a, akr, ama, banpu, bbl, bdms, erw, fsmart, genco, ilink, irpc, kcm, phol, pstc, sat, sci, snc, vng, wha) 29.08.16

A plans to open new projects worth Bt6bn to bring its backlog to Bt1bn. It expects 2016 revenue to grow 30% from Bt4.45bn last year, supported by more transfers. (Thun Hoon, 29/08/16)
Comment: One of the most stable stock price charts I have ever seen
AKR expects 3Q16 to turn to profit after booking backlog. It expects to bid for a new job in Thailand in 2H16. It targets 2016 revenue of Bt2.5bn and plans to do a JV with in Indonesia and Vietnam with local partners for power plants abroad. (Thun Hoon, 29/08/16)
AMA has filed for an IPO with the SEC of 108mn shares. It expects to expand its fleet and vehicles to allow it to get in on potential in Thailand and abroad. (Kao Hoon, 29/08/16)
Comment: No idea who this is, but looking forward to seeing another first day bounce
BANPU is preparing to increase capital of Banpu Power or BPP to shareholders at a ratio 18-25 BANPU shares to 1 BPP share. It will pay an interim dividend of Bt0.25/share, XD on Sep 8. (Kao Hoon, 29/08/16)
Comment: Another capital increase. Getting ready for the listing of BPP in the near future perhaps. 
BBL will pay an interim dividend of Bt2/share, payment on Sep 23. (Kao Hoon, 29/08/16)
BDMS expects 3Q16 to be outstanding due to high season and more customers. It expects 2016 profit to reach Bt9bn, growth of 15%. It plans to expand to 50 hospitals within 2-3 years. (Kao Hoon, 29/08/16)

Continue reading Stocks in the news (a, akr, ama, banpu, bbl, bdms, erw, fsmart, genco, ilink, irpc, kcm, phol, pstc, sat, sci, snc, vng, wha) 29.08.16

Interview: SCI Electric Plc (SCI)

SCI Electric Plc was listed on the Stock Exchange of Thailand in October last year. CEO Kriangkrai Pheanvitayaskul discusses the company’s strategy and outlook.


Please explain SCI’s history.

SCI started 50 years ago, focused on electrical power systems. Over the years as Thailand developed, specifically with the industrial estates and development zones such as Map Ta Phut, we were able to expand further into switchboards and cable trays.

As the market in Thailand grew further we acquired technology from both Japan and Australia to include galvanised products and added towers for telecommunication and steel structures. In 2016, we expanded internationally, first to Laos, the “Battery of Asia”, where we invested in a 3.2-megawatt hydropower plant that has been commissioned since 2013 and developed a strong reputation as an engineering, procurement and construction (EPC) contractor.

What is your business model today?

Today we have four core businesses starting with manufacturing, designing and installing electrical switchboards and distribution boards. We also manufacture cable trays and supporting systems for electrical switchboards. Secondly, through our subsidiary Ajikawa & SCI Metal Tech, we manufacture steel fabrication structures including power transmission and telecommunication towers, steel structures and substations as well as other galvanised steel fabrication. For these businesses, the main customers are contractors or project owners such as factories, Egat, the MEA, PEA and so on.

We have also expanded into EPC services for power transmission and distribution systems such as high-voltage transmission lines, power substations and distribution systems. We were awarded the main contract for the Power Distribution System and Rehabilitation Project Phase 1 (PDSR1) with a value of US$94 million in Laos in 2013, and recently received a $416-million contract from Electricite du Laos (EDL) to proceed with a 500/230-kilovolt transmission line and substation project.

Finally, we have a renewable energy and utilities business that includes the 3.2MW hydropower plant in Savannakhet province in Laos. As well, we recently began a joint venture with Property Perfect Plc to invest in several renewable energy and utilities businesses including power plants, solar rooftops and a tap water business.

Continue reading Interview: SCI Electric Plc (SCI)

Stocks in the news (aot, ap, bsm, centel, cho, fsmart, lh, malee, pk, qtc, sci, spa, tk, tmb, ttcl) 06.06.16

AOT plans to open bidding for the APM system at Suvarnabhumi valued at Bt3bn in midJune. It expects to finish the deal in October 2016. (Khao Hoon, 06/06/16)
Comment: AOT has been very quiet recently in terms of their expansion plans.
AP got revenue of more than Bt8.55bn, up 20%, in five months. It plans to launch new projects and campaigns. It is confident sales will reach its target of Bt31bn in 2016. (Khao Hoon, 06/06/16)
Comment: Perhaps the last sector left to run in the Thai market.
BSM increase capital to RO and issue warrant (BSM-W2). It expects to funding of Bt150mn for develop property. It sets 2016 revenue target to over Bt1bn. (Khao Hoon, 06/06/16)
CENTEL expects 2Q16 earning to be good supported by tourism tax. It sets revenue target growth 10% from Bt19.2bn from 2015 due to tourism expansion. (Thun Hoon, 6/6/16)
CHO expects to turn around. It expects 2016 profit of Bt77mn, growth of 113% from 2015, supported by backlog of Bt645mn. It plans to book Bt400mn this year. (Khao Hoon, 06/06/16)
FSMART is confident that 2Q16 earnings will grow as it expands the Boon Term top-up machines. At the end of April, it had 75,000 machines and expects to reach 90,000 this year. It is confident that revenue from Boon Term top-up machines will be over Bt28bn. (Khao Hoon, 06/06/16)
Comment: Still a growth machine. 
LH expects 2016 transfers to hit Bt28bn as targeted after backlog reached Bt20bn. It plans to launch 14 projects valued at Bt23.5bn. It expects this to increase its presales to Bt28bn at the end of this year. (Khao Hoon, 06/06/16)
MALEE expects 2016 revenue growth to be higher than target at 15% aided by the baht weakening and higher sales abroad. It plans to expand to CLMV and ASEAN. It expects its associated company in the Philippines to contribute doubled revenue. (Thun Hoon, 06/06/16)
Comment: The Philippines has done far better than what most people expected. It does raise the question why couldn’t ICHI and SAPPE do the same in their international expansions.

Continue reading Stocks in the news (aot, ap, bsm, centel, cho, fsmart, lh, malee, pk, qtc, sci, spa, tk, tmb, ttcl) 06.06.16

Stocks in the news (advanc, asefa, bigc, bjchi, bsm, ck, ea, pf, npp, sci, tluxe, tmi, tpoly, true, tsr, twpc) 18.05.16

ADVANC is now left as the only applicant in the running to take part in the upcoming reauctioning of a 900MHz licence. (The Nation, 18/05/16)
Comment: It should be an uneventful auction…
ASEFA expects 2016 revenue to grow 15-20% on the back of Bt1.7bn backlog. It expects this to cover revenue till next year. It plans to take part in bids. (Khao Hoon, 18/05/16)
BIGC plans big expansion – THE NEW board of directors of Big C Supercenter, controlled by Berli Jucker Group, has approved the plan to allocate Bt5bn-Bt6bn for store expansion in Thailand this year, focusing on “blue ocean” locations, including subordinate and border provinces, and major districts. (The Nation, 18/05/16)
Comment: Thats rather interesting given that the previous management didn’t see any more growth potential in the country..
BJCHI announced 1Q16 earnings of Bt338.7mn (+110%) with Bt2.1bn in revenue, up 40%. It is waiting for bidding results. It expects 2016 revenue to grow not less than 15% as its work on hand is Bt1.7bn. (Thun Hoon, 18/05/16)
BSM expects 2Q16 earnings to recover backed by orders at home and Bt10mn orders from India. It expects 2016 revenue to hit Bt700mn. It expects margin to reach 30%. It expects 2H16 earnings to be better than 1H16. (Thun Hoon, 18/05/16)

Continue reading Stocks in the news (advanc, asefa, bigc, bjchi, bsm, ck, ea, pf, npp, sci, tluxe, tmi, tpoly, true, tsr, twpc) 18.05.16

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

Management Trades 25/04 – 29/04

Notable Transactions

Buy(s) – THB 344 mn

  • BDMS – And he’s still buying ! This time another THB 279 mn worth of shares
  • IFEC – Well they seem to trying to turn this into a “buy whatever we can” company

Sell(s) – THB 994 mn

  • JWD – Already in the news that this was a block sale to Templeton
  • SCI – See above
  • CRANE – The jump in the stock price led to him selling?


Management Trades 18/04 – 22/04

Notable Transactions

Buy(s) THB 337 mn

  • SCI – This part of the transaction looks to be a switch between shareholders
  • IFEC – No idea what K. Wichai is doing buying @ 7.29 and selling @ 7.20

Sell(s) THB 802 mn

  • SCI – See above, plus there was news that 2 funds bought 5% of shares in the co
  • PACE – Hmmm thats a substantial sale from one of the owners.
  • IFEC – See above
  • TVT – Well if your company was making THB 55 mn p.a. and the stock was trading @ 1.7 bn wouldn’t you sell too?


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

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 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 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 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 (ajd, banpu, bbl, ckp, drt, gfpt, mill, qtc, samart, sat, scc, sci, sena, tkn, true, ureka, vpo) 20.04.16

AJD targets top-up machines of 50,000 at the end of this year after yesterday reaching 10,000 machines. It plans to offer more services via its top-up machines in 2H16, such as ordering merchandise from the 7-Eleven catalog, insurance payments, etc. (Khao Hoon, 20/14/16)
Comment: We still have our doubts on their ability to execute, after all the incumbent FSMART is still continuing to dominate the country
BANPU plans to take a step into upstream unconventional gas by acquiring 29.4% stake in the low-cost Chaffee Corners Joint Exploration Agreement (JEA) operation in the northeast section of the Marcellus Shale in Pennsylvania in US for US$112mn. (SET, Khao Hoon, 20/14/16)
BBL reported 1Q16 net profit of Bt8.31bn from Bt9.40bn in 1Q15, affected by higher provisions. This brought EPS to Bt4.36/share from Bt4.93/share in 1Q15. (Khao Hoon, 20/14/16)
Comment: I do wonder how many more times we shall hear, “it’s ok to have rising NPLs because we have provisioned for them already”
CKP targets capacity of 5,000MW in 2025 from 2,160MW now. It plans to focus on expanding in Thailand, Laos, and Myanmar. Its board approved issuing a Bt10bn debenture, with subscription expected in 2H16. (Khao Hoon, 20/14/16)

Continue reading Stocks in the news (ajd, banpu, bbl, ckp, drt, gfpt, mill, qtc, samart, sat, scc, sci, sena, tkn, true, ureka, vpo) 20.04.16