BIG is budgeting Bt200-150mn to expand its business by opening more branches. It expects 2015 revenue to mark a record high and to pay its first dividend. It expects 2016 earnings to be good. (Thun Hoon, 14/01/16)
Comment: I’ve been surprised by their continuing positive performance but I still have doubts on their sustainability
BJCHI’s board has approved the share repurchase program for the purposes of financial management. It has set the maximum at not exceeding Bt250mn, equal to 40mn shares (2.5% of registered shares). It expects this to confirm its good outlook in the minds of investors and to give them the message that current share price is undervalued. It targets 2016 revenue growth of 15%. (Thun Hoon, 14/01/16)
Comment: Oil price drop? Who cares! Obviously not BJCHI’s board with their announcement yesterday to do a share buyback.
COLOR targets 2016 revenue growth of 7-8% backed by Bt150mn in transfers contributing revenue in 2Q16. It expects to take part in upcoming bids. It plans to expand to ASEAN, Australia, and Europe. (Khao Hoon, 14/01/16)
DCORP signed contract with Yingli Solar to set up a solar cell plant for Bt689mn. It expects this to start up by 2H16. (Thun Hoon, 14/01/16)
DEMCO expects 2016-2017 revenue to grow driven by construction, steel structure, and service businesses. It expects 2016 revenue of Bt6-6.5bn. (Post Today, 14/01/16)
Comment: Effectively 4Q15 was crap, 1Q16 will be crap and in a perfect world 2Q16 returns to normal.
Waiting for cabinet approval — AOT is waiting for cabinet approval of the backup runway project with Multi-Function Terminal with an investment budget of Bt48bn. The PM has confirmed that the government wants AOT to set up an infrastructure fund to help finance its projects. The company’s board meeting will be held on January 21 and final conclusion is expected to be reached then. (Kao Hoon, 14/01/15)
Comment: This is going to keep AOT’s stock price high and every bank is going to falling over their feet to get their hands on the infrastructure fund.
Denies claim by NMG — AQUA released a statement yesterday saying that the claim by NMG has no basis. The company’s operating performance has been stable and is still growing in contrast to NMG’s operating performance, where earnings have plunged by 77%. AQUA said that NMG claims were intended to damage AQUA’s reputation for NMG’s own benefit. (Kao Hoon, 14/01/15)
Comment: This shareholder fight is becoming quite funny. NMG vs SLC vs AQUA. No wonder drama shows are so popular in Thailand
BKD expects revenue this year to grow by 20-30% supported by its backlog of Bt2bn. It expects the proportion of revenue from the private sector to increase to 50% from 30%. It revealed that it has won a project to develop a housing project in Cambodia worth more than Bt500mn. (Kao Hoon, 14/01/15)
Thai AirAsia posts static Q3 load factor – Thai AirAsia (TAA) saw a slight fall in load factor in the third quarter, which it attributed to Thailand’s political situation and a sluggish economy. The country’s largest low-cost carrier still recorded a relatively high load factor of 82% for JulySeptember, down by one percentage point year-on-year. It does not project quarterly load factor goals but intends to reach 80% for the full year. (Bangkok Post, 11/11/14)
Comment: AAV is the best managed airline listed in THailand at the moment + next year they’ll have a huge increase in capacity.
Aira closes in on deal with South Korean brokerage – Aira Securities and Eugene Investment & Securities (South Korea) have agreed to start a business partnership by signing a memorandum of understanding. The two companies hope to increase trading volume between the Thai and South Korean bourses and heighten opportunities for mergers, acquisitions and dual listings. (Bangkok Post, 11/11/14)
Comment: There won’t be an immediate impact on AIRA’s earnings.
ANAN presales up sharply to Bt18bn from Bt9.7bn as its condominium sales were higher than estimated and its second-highest ever. 3Q14 earnings will be up from Bt96mn in 3Q13 and earnings will peak in 4Q14. (Thun Hoon, 11/11/14)
Comment: And mkt cap for the firm is around THB 13 bn, I still think this one has legs for the mid-long term
APCO expects revenue of Bt450mn in 2014, +60% YoY, and Bt600mn in 2015, +30% YoY, by launching new products and expanding to markets overseas. Its board approved the sale of 28mn shares left over from the last capital increase via public offering (PO). (Kao Hoon, 11/11/14)
AIRA setting up AIFUL JV in 2014 and has three acquisition deals coming up. It expects its brokerage business to generate higher net profit than 2013’s Bt90mn as trading volume has recovered. It maintains its 2014 market share target of 1.3-1.5% and expects asset of over Bt20bn in 2016. (Kao Hoon, 08/09/14)
Comment: A friend pointed out, how could AIRA be trading @ the same market cap as ASP despite the fact it has 1/8 the business?
AJD maintains target to triple revenues this year despite the lower coupon than expected for the digital set-top boxes of Bt690. It expects revenue from the sale of set-top boxes to start in 4Q14. 3Q14 earnings are expected to be stronger than 2Q14. (Kao Hoon, 08/09/11)
CEN maintains revenue growth of 10% YoY as its subsidiary expects to obtain construction projects for network towers and high-voltage transmission towers in 3Q14. It also expects to obtain public projects in 2H14 and is negotiating to purchase a renewable energy company at the end of 2014. (Kao Hoon, 08/09/14)
HOTPOT said 3Q14 sales volume will increase sharply upon the return of consumer purchases. The company targets revenue growth of 15% YoY and expects to add 15-16 new branches. It is ready to expand to Laos, Myanmar, and Cambodia. It expects to access into Suki sauce market in 4Q14 supporting revenue growth in the long run. (Thun Hoon, 08/09/14)
Comment: An F grade version of MK Suki Restaurants.
Sets up Lao subsidiary — BJC said that the company has set up a new subsidiary in Laos named BJC-MPM (Laos) Sole Company Limited, registered on August 14th with capital of Bt103.53mn, to provide consulting service on trading and investment in Laos. BJC-Mpoint International Company Limited, a 51% owned subsidiary of BJC, holds 100% of registered in BJC-MPM. Source of funds for BJC-MPM will be through the company’s working capital and the set up of the company is part of the company’s long-term investment plan. (Khao Hoon, 26/08/13)
Comment: I just came back from a trip to Vientiane and the influence of Thai companies on the business scene there is incredible, from the mobile networks to TV to confectionary
To pay interim dividend —DRT’s board has approved an interim dividend payment of Bt0.20/share after net profit for the 1H13 reached Bt293.15mn; XD will be on Sept 4, 2013 and dividends paid on Sept 19. The company is confident that business will continue to grow through second half of the year despite a slowdown in the economy, supported by its team and strong sales channels. (Khao Hoon, 26/08/13)