Tag Archives: scp

Stocks in the news (ait, apco, as, bjc, ccn, cpf, fer, hpt, kbank, major, ratch, sci, scp, siri, tpbi) 25.03.16

AIT
AIT sets 2016 revenue target growth at 10% from Bt5.1bn in 2015 supported by its backlog of more than Bt3bn and government projects. It plans to start a data center project within 2Q16. (Kao Hoon, 25/03/16)

APCO
APCO sets 2016 sales target at Bt450 or growth of at least 10% and maintain gross margin at no less than 85%. It will focus on the domestic market. In 1Q16 it had a good response and Direct Service is ready to send Operation BIM to drugstores. It plans to pay a dividend of 100% of net profit. (Thun Hoon, 25/03/16)
Comment: We said back in 2014 that this company was trading at ridiculous valuations and even though the price is off by some 40%, I still think it’s incredibly expensive.

AS
AS sets 2016 revenue target growth at 30%, supported by launch of 24 new games and adding games on mobile to reach 30% of all revenue. It expects 2016 earnings will turn around. (Thun Hoon, 25/03/16)
Comment: I do wonder if they can actually do it…we’ve been waiting for a number of years and perhaps its finally time.

BJC
BJC is leading the pack. After it acquires BIGC it will be the biggest retailer in ASEAN. It targets 2016 revenue growth at 10% supported by sales from abroad. It has budgeted Bt4.5bn to expand capacity both inside and outside Thailand. It is confident that its tender offer will proceed as planned. (Thun Hoon, 25/03/16)
Comment: They own retail in Thailand, they have metro in Vietnam, so I fully expect to see expansions into Laos and Cambodia.

Continue reading Stocks in the news (ait, apco, as, bjc, ccn, cpf, fer, hpt, kbank, major, ratch, sci, scp, siri, tpbi) 25.03.16

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 (bem, ci, gfpt, gpsc, hft, ilink, match, ple, ptg, salee, scp, super, utp, wha) 06.01.16

BEM
BEM expects to pay dividend this year on the expectation of 40% growth in net profit after the Sri Rat expressway and MRT Purple Line open. It plans to take part in bids for public projects in CBD and outskirts. (Khao Hoon, 06/01/16)
Comment: And now the largest infrastructure/transportation play is listed!

CI
CI expects a turnaround in 2015 performance from 2014 net loss of Bt20mn aided by condominium projects. It plans to launch a new Bt1bn condo and set up a Bt1.15bn REIT. (Thun Hoon, 06/01/16)

GFPT
GFPT expects to pay dividend of Bt0.23/share, 2.3% dividend yield. It expects chicken price to recover this year and better exports. It expects net profit growth of 26% thanks to less excess supply. (Khao Hoon, 06/01/16)
Comment: Still the best chicken company, good luck trying to figure out chicken price movement.

GPSC
GPSC expects growth in its power business this year on the back of government policy and its 20-year PPA. It expects some projects to start supplying electricity this year. It says it is not impacted by lower oil price. (Thun Hoon, 06/01/16)

Continue reading Stocks in the news (bem, ci, gfpt, gpsc, hft, ilink, match, ple, ptg, salee, scp, super, utp, wha) 06.01.16

Stocks in the news (advanc, cho, cpf, dna, match, ml, nch, nusa, pae, ps, salee, samco, sawad, scp, smm, tae, tasco, thcom, uac) 07.07.15

ADVANC
ADVANC expects 2Q15 sales to drop more than 10-20% on the slow economy, though internet utilization will still grow. ADVANC says the company is not worried about sales as there are more than 10mn prepaid subscribers who do not register. (Khao Hoon, 07/07/15)
Comment: That’s a huge drop for ADVANC.

CHO
CHO expects to sign a Bt4bn NGV contract this week. It is talking to KCM to build a DC and warehouse for rent in Khon Kaen which is expected to be finalized this year. (Khao Hoon, 07/07/15)
Comment: Great news for CHO, doubt the long term sustainability of receiving constant projects from the government, but still great for the short term

CPF
CPF expects to pay a Bt0.3 per share interim dividend. 1H15 profit is expected to drop 76% to Bt959mn. It expects to show its best performance in 3Q15, benefitting from recovery of chicken and pork prices and export growth. (Khao Hoon, 07/07/15)

DNA
DNA has announced that subsidiary DNA Revolution will buy WSG shares. World Sport Group (WSG) is engaged in ad management business and has obtained the rights to broadcast sports competitions. (Khao Hoon, 07/07/15)

Continue reading Stocks in the news (advanc, cho, cpf, dna, match, ml, nch, nusa, pae, ps, salee, samco, sawad, scp, smm, tae, tasco, thcom, uac) 07.07.15

Stocks in the news (abc, bay, cho, ck, dcc, ea, eforl, egco, epco, erw, ichi, ktc, mcot, mtls, pylon, sawad, scp, siam) 23.04.15

ABC
ABC expects shareholder approval to increase capital and list ABC-W2. The company hopes to use the capital to expand its property business. It has land of over 4,000 rai in Hua Hin. It is ready to push M-Commerce business to be its main source of revenue in the future. (ThunHoon, 23/04/15)
Comment: So this IT company that had big plans to be a massive ecommerce platform has now decided it shall go into property in as well, I can see the synergies here, selling property via ecommerce! C’mon people you gotta believe!

BAY
BAY sets up shop in Yangon, Myanmar in order to support clients in large and SME business via a joint venture with BTMU. (Khao Hoon, 23/04/15)
Comment: With the Japanese running the shop now, I am not surprised to see this expansion into Myanmar

CHO
Joins e-bidding to provide 489 NGV buses for BMTA. Its bid is the lowest, but the BMTA is unable to make a final decision because it needs to first negotiate the maintenance fees with bidders.(Khao Hoon, 23/04/2015)

Continue reading Stocks in the news (abc, bay, cho, ck, dcc, ea, eforl, egco, epco, erw, ichi, ktc, mcot, mtls, pylon, sawad, scp, siam) 23.04.15

Stocks in the news (Aot, cpf, dtac, grammy, hemraj, mcot, mint, nbc, pace, pf, ptt, scp, dcon, symc, trc, true) 11.02.15

AOT
U-Tapao to be developed for commercial use — The Transportation Ministry says that Airportd of Thailand (AOT) and U-Tapao airport will coordinate to develop U-Tapao airport for commercial aircraft and passengers. Currently, U-Tapao airport serves only charter flights with passengers at 100K/year, far below its capacity at 800K/year. They plan to sign an MoU soon. AOT will act as consultant for operations and marketing strategy. (Matichon,11/02/15)

CPF
CPF expects revenues growth at 10% this year or Bt43bn driven by growing overseas business. (KhaoHoon,11/02/15)
Comment: The issue with CPF is two fold, its aquamarine biz is still performing poorly and the earnings from cpall are still crap.

DTAC
DTAC announced 2014 net profit of Bt10.7bn, up 1.5% YoY. It announced a dividend of Bt2.34/share for 4Q14 or Bt6.91/share for 2014. For 2015, it expects revenue to continue to grow and set capex at Bt14bn. (KhaoHoon,11/02/15)
Comment: That’s a pretty nice dividend!

Continue reading Stocks in the news (Aot, cpf, dtac, grammy, hemraj, mcot, mint, nbc, pace, pf, ptt, scp, dcon, symc, trc, true) 11.02.15

9 Thai firms on Forbes ‘best’ list

forbes_thaicosHere are my thoughts on the above names:

  • Asian Insulators (AI): The recovery in their earnings over the past 3 years have been outstanding, +300% in 2012, +36% last year and 1Q14 was already up +30%.
  • Chularat Hospital (CHG): Potential takeover target for BGH and still a decent performer in the hospital sector
  • Dcon Products (DCON): While their core business is in construction supplies and in theory should benefit from the upcoming infrastructure plans, the stock price will most move the most on the transfer of its condominium projects within the next 18 months
  • Dhipaya Insurance (TIP): Just like with every other insurance firm, TIP is going to benefit from the continued gain in more consumers/businesses using insurance today, just look @ their growth in the past 10 years.
  • Pylon (PYLON): A contractor that focuses on the construction of foundiation works ie. bored piles, ground improvement etc, but when compared to others they are able to maintain a high NPM @ 15% and ROE’s of 30%
  • Southern Concrete Pile (SCP): No one had covered SCP for a long time despite their improvement in performance, its going to be one of the main beneficiaries from all this infrastructure spending on roads etc…
  • STP&I (STPI): A contractor focused on steel fabrication for international markets, with the LNPG industry booming globally, STPI has benefited and will continue to benefit versus competitors around the world.
  • VGI Global Media (VGI): A monopoly for Ad’s on the BTS, they have also successfully expanded into the modern trade sector, and with the acquisition of MACO they will have Out-of-home media as well.
  • Vibhavadee Medical Center (VIBHA): A far smaller version of CHG, yet still profitable and a potential takeover target for BGH

Source: Bangkok Post

2012 SET Awards

Best CEO Award

– SET: Somprasong Boonyachai, chief executive officer, Shin Corporation

– MAI: Noppadon Tansalarak, chief executive officer, Master Ad

SET Award of Honour

For Continuous Excellence in 2008-2012

– Corporate Governance Report: Bangchak Petroleum, Kasikornbank

– Corporate Social Responsibility: Bangchak Petroleum, Siam Cement

For Continuous Excellence in 2009-2012

– Corporate Governance Report: Krung Thai Bank, Somboon Advance Technology, Se-Education

For Continuous Excellence in 2010-2012

– Corporate Governance Report: Kiatnakin Bank, Siam Commercial Bank

– Investor Relations: Kasikornbank

– Securities company: Credit Suisse Securities (Thailand)

Continue reading 2012 SET Awards