Tag Archives: scn

Stocks in the news (banpu, brr, cm, dcorp, gunkul, jmart, l&e, nwr, perm, pstc, scn, tnp, tog, tsr, ttcl) 12.09.16

BANPU
BANPU expects 3Q16 net profit to be better than 2Q16’s Bt281mn thanks to higher coal price. It plans to invest in solar rooftop by negotiating with IEs, department stores and residences. (Thun Hoon, 12/09/16)
BRR
BRR’s board approved setting up an infrastructure fund for the power business of its two subsidiaries (Buriram Sugar and Buriram Power) with capacity of 19.8MW. It expects to use the funds to invest in new plants in Buriram and Surin. (Khao Hoon, 12/09/16)
Comment: Well that is an interesting development for a company firm. I’m not sure if 20 MW is enough for an infrastructure fund though…
 
CM
CM expects to complete a deal to set up a subsidiary in Myanmar by the end of this year. It plans to invest Bt700mn in a processing plant. It plans to expand to abroad. It expects 2016 revenue to be good on the back of the baht depreciation. (Thun Hoon, 12/09/16)
DCORP
DCORP expects to sign an MoU with a Chinese partner this week to invest in a mega project. It plans to invest in a 320MW solar farm in the Philippines. It expects net profit this year. It will also book revenue from a new service (energy saving management for private companies). It expects 2017 performance to be good on the back of the power business. (Thun Hoon, 12/09/16)
Comment: We’ve been reading a lot about these solar farm’s in the Philippines, last we checked the grid there is far worse than Thailand so we have our doubts on several of these projects going through.
 
GUNKUL
GUNKUL plans to take over 40-70MW Japanese solar farms. It also plans to submit bidding documents for a 20MW solar farm in Malaysia. It expects this to increase its total capacity to 420MW at the end of 2015. It expects its capacity to reach 1000MW within 2021. It expects 2016 revenue to grow 30% as targeted. (Thun Hoon, 12/09/16)
JMART
JMART expects 4Q16 sales to surge brought by launching iPhone7. It expects 2016 revenue to grow 30% as targeted. It expects to change to a holding company within 2017 after it reaches Bt10bn in assets. (Thun Hoon, 12/09/16)
Comment: We are more curious about their other businesses which are the key drivers versus just the phone sales. Plus when you’re up against someone like Com7 that is sweet with True or SPVI that is sweet with AIS, how can JMART continue to compete?

Continue reading Stocks in the news (banpu, brr, cm, dcorp, gunkul, jmart, l&e, nwr, perm, pstc, scn, tnp, tog, tsr, ttcl) 12.09.16

Stocks in the news (arrow, big, epg, gl, hpt, lalin, ldc, ndr, nncl, ori, qtc, rs, sappe, scc, scn, susco, synex, work, xo) 30.08.16

ARROW
ARROW expects 3Q16 earnings to grow supported by large orders, especially Suvarnabhumi phase 2 project from ILINK and ITD. It expects to get work on the MRT Green Line, with finalization by the end of this year. It expects 2016 revenue to reach Bt1.4bn. ( Khao Hoon, 30/08/16)
Comment: Perhaps we should just close our eyes and buy this given its continuous performance
 
BIG
BIG is budgeting Bt10mn to hold the 10th Big Camera Big Pro days. It expects this to push its 3Q16 revenue up above Bt5bn and expects net profit to mark a record high. (Thun Hoon, 30/08/16)
EPG
EPG expects 2QFY16 to be good brought by numerous orders. It expects FY2016 revenue to reach Bt11bn. It expects to complete 1-2 M&A transactions by the end of this year. It plans to hold a roadshow abroad to attract foreign investors. (Khao Hoon, 30/08/16)
Comment: And they continue to grow!
 
GL
GL partners with True Money. GL is forecasting a major boost to its already flourishing business in Cambodia through a new partnership with True Money, a mobile-payment subsidiary of True Corp in Thailand, that will significantly increase the sales of GL’s financial services via True Money’s extensive network of about 5,000 agents spread out nationwide in Cambodia. (Newscenter Local Press Release, 29/08/16)
Comment: That’s a clever move by both parties. GL still has its monopoly in Cambodia for motorcycle leasing for another 3-4 years and barring a crash in that economy they’ll continue to dominate, the question is only how much are you willing to pay for this

Continue reading Stocks in the news (arrow, big, epg, gl, hpt, lalin, ldc, ndr, nncl, ori, qtc, rs, sappe, scc, scn, susco, synex, work, xo) 30.08.16

Stocks in the news (chow, ivl, lpn, pylon, scn, spcg, susco, takuni, ticon, tpbi, tsr, tta, uac) 16.06.26

CHOW
CHOW got EPC project from Primo energy for a 10MW solar farm. (FUKUI project, valued at Bt3bn.) (Khao Hoon, 16/06/16)
IVL
IVL plans to cooperate with Dhunseri, expects this to expand its PET market in India. It expects a decision to be finalized by 2016. It expects 2016 outlook to be good after its capacity reaches 9mn tons. It expects significant growth in 2016 net profit and revenue. (Thun Hoon, 16/06/16)
Comment: I’m looking forward to seeing what else they put in their 2Q16 numbers
 
LPN
LPN expects 2Q16 earnings to mark a record high. It expects 2H16 earnings to be better than 1H16 aided by Bt5bn in transfers and Bt5.8bn backlog. It expects 2016 sales to reach Bt17.6bn. It plans to launch 10-12 projects this year. (Khao Hoon, 16/06/16)
Comment: Well if 2Q is indeed the high, then it should be near THB 6 bn in revenues, otherwise they will have a tough time at matching last years revenue numbers 
 
PYLON
PYLON got a Bt150mn foundation project, expects to sign the contract soon. This raises its backlog to Bt750mn. It plans to take part in Bt2bn bids. It expects 2016 revenue to reach Bt1.2bn as targeted, backed by transfers. (Thun Hoon, 16/06/16)
SCN
SCN expects 2016 revenue to grow 40% thanks to higher demand for NGV. It is budgeting Bt1bn for business expansion. It expects a 5MW cooperative solar farm to start up by the end of this year. (Khao Hoon, 16/06/16)

Continue reading Stocks in the news (chow, ivl, lpn, pylon, scn, spcg, susco, takuni, ticon, tpbi, tsr, tta, uac) 16.06.26

Stocks in the news (advanc, ajd, bem, bts, cpf, css, fire, forth, bm, mint, pca, ratch, samtel, scn, spali) 30.05.16

ADVANC
ADVANC asserts that financials are strong and it has no plan to increase capital. It plans to pay the first license fee payment of Bt8.04bn as scheduled and submit its bank guarantee before June 30. Dividend payout will be 100% of profit. It has budgeted Bt40bn to expand its network. (Kao Hoon, 30/5/16)
Comment: And with the call confirming the 100% payout maintained you’re saying shorts covering and some activity returning back to the stock, the key issue for the industry is still how crazy are True going to be with trying to capture market share.
 
AJD
AJD expects to expand to 50,000 on-line top-up machines to drive revenue to reach Bt1.6bn. It plans to expand its business to ASEAN in 2017. It expects to have more than 100,000 on-line top-up machines in 2018. (Kao Hoon, 30/5/16)
BEM
BEM expects to turn around after the MRT Purple Line is operating and bringing in revenue. It expects to get the MRT Blue Line job. This will support revenue growth of 10%. (Thun Hoon, 30/5/16)
BTS
BTS reported 2QFY16 net profit of Bt4.14bn or growth of 40%. It expects to pay a dividend of Bt0.34/share, XD on July 28. (Kao Hoon, 30/5/16)

Continue reading Stocks in the news (advanc, ajd, bem, bts, cpf, css, fire, forth, bm, mint, pca, ratch, samtel, scn, spali) 30.05.16

Stocks in the news (bay, bjchi, com7, delta, drt, eason, hmpro, kbs, modern, ndr, nwr, pttep, richy, scc, scn, sgp, super, tpch, tpipl, true) 27.04.16

BAY
BAY expects auto loans to grow 3% to Bt262bn despite a slowdown in new loans. It is looking for a partner to expand into loans for used cars. (Thun Hoon, 27/04/16)
Comment: I can see BAY actually taking away market share from TCAP in this. 
BJCHI
BJCHI will pay dividend of Bt0.5/share, payment on May 19. It took part in Bt6.5bn in bids, and expects the results to be announced in 2Q16. (Thun Hoon, 27/04/16)
COM7
COM7 signed a contract with TRUE to operate 166 True shops in BIGC and Tesco. It expects 2016 revenue to hit Bt17bn with net margin of 3%. (Khao Hoon, 27/04/16)
Comment: New iphone, new macbook, and now a new deal. I’m banging my head against the wall.
DELTA
DELTA reported 1Q16 earnings of Bt1.25bn (+19%) because of lower sales in embedded power supplies and higher expense. (Khao Hoon, 27/04/16)
Comment: It appears that nearly every electronics manufacturing company in the region will have rather weak growth for the foreseeable future

Continue reading Stocks in the news (bay, bjchi, com7, delta, drt, eason, hmpro, kbs, modern, ndr, nwr, pttep, richy, scc, scn, sgp, super, tpch, tpipl, true) 27.04.16

Stocks in the news (bwg, demco, eat, gpsc, jas, kbs, ktb, mega, planb, scn, sport, tgci, thai, wice) 22.03.16

BWG
Board approved a dividend Bt0.04/share. It will issue BWG-W4 at a ratio of 6 old shares to 1 new share to shareholders and those who exercise BWG-W3. It will increase capital. (Thun Hoon, 22/03/16)
Comment: Well they seem rather adamant on expanding in the waste to energy segment

DEMCO
DEMCO bidding for EGAT and PEA jobs worth no less than Bt10bn. It targets revenue growth of 10-15% supported by 4G telecommunication towers and expansion of water and underground electrical systems in Laos. (Thun Hoon, 22/03/16)
Comment: Now the question left for demco is how much will the cost of business loss will cost the company over the next 6 months

EA
EA expects good earnings in 1H16 supported by a 90MW solar farm in Phitsanulok and biodiesel. It says 2016 revenue will grow 30% from last year supported by booking revenue from the sale of 404MW. (Thun Hoon, 22/03/16)

GPSC
GPSC continue to get dividend from RPCL. It is confident that net profit in 2016 will grow. It is preparing to hold a roadshow both in and outside Thailand to increase investor confidence. (Kao Hoon, 22/03/16)

Continue reading Stocks in the news (bwg, demco, eat, gpsc, jas, kbs, ktb, mega, planb, scn, sport, tgci, thai, wice) 22.03.16

Stocks in the news (advanc, bkd, gold, iec, nok, scn, sena, svi, tfg, uv, wiik, xo) 15.03.16

ADVANC
ADVANC asking for injunction from the Central Administrative Court to allow its customers to continue using 900MHz if JAS does not make its license fee payment. Its 2G-900 service will cut off at midnight tonight, the NBTC said. (Khao Hoon, 15/03/16)
Comment: And the drama continues….we are all rather curious as to how 1q looks for these telco’s

BKD
BKD’s capital increase shares of 146mn will trade today. Institutional investors are interested in its shares because of its strong financial position with Bt1bn cash on hand. It plans to take part in Bt3bn in bids, with bid winners expected to be announced in mid-2016. It expects this to bump up 2016 revenue growth by 20%. (Khao Hoon, 15/03/16)

GOLD
GOLD plans to expand its business to condominiums. It expects 1H16 sales to reach Bt7bn (30% growth) compared to 1H15’s Bt5.4bn, thanks to high demand generated by tax incentives. It is confident 2016 revenue will hit Bt10bn as targeted. (Thun Hoon, 15/03/16)
Comment: I do wonder if this competes against UV’s condo business via Grand Unity

IEC
IEC’s board has approved increasing capital by 73,639mn shares, to be offered as a PP of 32,960 mn shares with 40,679mn shares for the exercise of its warrants. Its board also approved investing in new plants. (Khao Hoon, 15/03/16)
Comment: So which new shareholder is going to punt IEC?

KTB
KTB expects 2016 revenue to grow 15-20% as targeted by focusing on money market and capital market clients. It will be an underwriter for Bt30bn in debentures in 1H16. It expects 2016 debentures will reach Bt80bn. (Khao Hoon, 15/03/16)
Comment: That is quite the aggressive target for a bank, unless they feel that they can really grow their non-interest income business – perhaps from the government projects, then I don’t see this possibly happening..

Continue reading Stocks in the news (advanc, bkd, gold, iec, nok, scn, sena, svi, tfg, uv, wiik, xo) 15.03.16

Stocks in the news (ait, ecf, fpi, gfpt, glow, ifec, jwd, mcs, mtls, nok, pranda, pps, pylon, samco, scn, seafco, spa, tpch, tu, twz) 25.02.16

AIT
AIT is talking to A prospective partner to provide data center service. It expects this to need Bt400mn capital investment. It plans to ask board approval in April. It plans to take part in Bt10bn public bids, of which it expects to get 40-50%. (Khao Hoon, 25/02/16)
Comment: They’ve come out saying a few times that they want to diversify away from being a project based company, and if the government is really adamant on these data centers then it just sounds like another great cash flow for those that are able to win these contracts

ECF
ECF reported 2015 net profit of Bt75mn. It will pay a dividend of Bt0.05/share, XD on April 19. It targets 2016 revenue of Bt1.5bn. (Khao Hoon, 25/02/16)

FPI
FPI targets 2016 revenue growth of 10% as the auto sector bottoms out. Its backlog is Bt600mn. It expects Bt300mn to be booked this year. It is talking to a partner to expand to India. (Khao Hoon, 25/02/16)
Comment: Haven’t they said that the deal in India was already completed?

GFPT
GFPT targets 2016 revenue to reach Bt16-18bn thanks to broiler price recovery and lower cost. (Thun Hoon, 25/02/16)
Comment: Well they have benefited from lower raw mat costs, the only question here is will the domestic price of chicken increase?

GLOW
GLOW’s board approved investing in Vietnam and Malaysia. Its 2015 net profit is Bt8.35bn. It will pay a dividend of Bt4.36/share, XD on April 29, PD on May 26. (Khao Hoon, 25/02/16)
Comment: Don’t be surprised to see GLOW continually offering special dividends every year

Continue reading Stocks in the news (ait, ecf, fpi, gfpt, glow, ifec, jwd, mcs, mtls, nok, pranda, pps, pylon, samco, scn, seafco, spa, tpch, tu, twz) 25.02.16

Stocks in the news (aav, abc, advanc, arip, delta, epco, epg, gpsc, kkp, lpn, rml, s, scn, scp, thcom, thl, tnp, trc) 12.02.16

AAV
AAV benefits from lower oil prices. It plans to open routes to Luang Prabang and Vientiane in 2Q16. (Khao Hoon, 12/2/16)
Comment: Similar to what was said before, AAV should dominate this entire region for LCC’s regardless of market events.
ABC
ABC expects to turn around this year. It plans to open a luxury condominium with units priced at Bt2.5mn. (Khao Hoon, 12/2/16)
ADVANC
ADVANC plans to invest Bt40mn to expand 3G-4G to cover Thailand. It expects to get 10mn 4G users. (Khao Hoon, 12/2/16)
Comment: Needless to say its going to be an interesting year for this sector. 
ARIP
ARIP plans to focus on digital marketing. It targets 2016 revenue of Bt300mn. (Khao Hoon, 12/2/16)

Continue reading Stocks in the news (aav, abc, advanc, arip, delta, epco, epg, gpsc, kkp, lpn, rml, s, scn, scp, thcom, thl, tnp, trc) 12.02.16

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