Tag Archives: smart

Stocks in the news (aot, beauty, chewa, ivl, nch, nwr, pttgc, ratch, samart, sithai, smart, ticon, tks, tsf, auct) 13.09.16

AOT
AOT opening bidding for four contracts for Suvarnabhumi Phase ll. It expects to solicit bids for two contracts this year and will sell the bidding documents in October. It expects to raise its passenger capacity to 60mn passengers per year from 45mn passengers per year now. (Thun Hoon, 13/09/16)
Comment: Having just returned from JKT on the late night flight you can see both the arrival and departure halls bustling with passengers. I would be surprised to see capacity issues hitting AOT within the next 12 months 
 
BEAUTY
BEAUTY expects 3Q16 earnings to be good, supported by more demand. It expects 2016 revenue to grow no less than 20% from Bt1.79bn in 2015. There is progress in talks regarding distributors in Hong Kong and Taiwan and it expects a decision in 4Q16. (Thun Hoon, 13/09/16)
CHEWA
CHEWA targets three-year revenue growth of 20% annually, supported by developing new projects and buying property projects that already have their EIA. It plans to launch its first lowrise project worth Bt500mn at the end of October. (Kao Hoon, 13/0 9/16)
Comment: Its an interesting smaller property developer. But as always with this business model, scalability is an issue
 
IVL
IVL has closed the deal for a JV with Dhunseri Petrochem Limited in India. This will lift PET capacity to 700K tons per year, making it India’s second-largest producer. (Thun Hoon, 13/09/16)
Comment: Another acquisition, he’s well on his way to catching up to Reliance, but is such a strategy necessarily good for minority equity shareholders?
 
NCH
NCH launches single-house project worth Bt680mn and has sold 24 units worth more than Bt78mn. (Kao Hoon, 13/09/16)

Continue reading Stocks in the news (aot, beauty, chewa, ivl, nch, nwr, pttgc, ratch, samart, sithai, smart, ticon, tks, tsf, auct) 13.09.16

Stocks in the news (amata, big, biz, epg, forth, gpsc, jwd, max, mtls, pf, smart, snc, top, ubis, xo) 09.08.16

AMATA
AMATA is studying invest in a solar roof to be installed on AMATA Summit ready-built roofs and expects to make a decision this year. It targets 2016 revenue growth of 20%. It plans to open an industrial estate in Myanmar which will focus on customers in India, Bangladesh and China. (Thun Hoon, 0 9/08/16)
BIG
BIG reported 1H16 profit of Bt419mn or up 192% supported by more revenue. It expects 2H16 to continue to grow due to high season. It plans to launch two big events at the end of the year to support sales and expects revenue and profit to record a new high . (Khao Hoon, 09/08/16)
Comment: Still great growth on a YoY basis but it dropped rather sharply QoQ. So how will analysts value this? Are we going to see more magical PEG numbers
 
BIZ
BIZ expects 3Q16 revenue growth of more than 20% QoQ and is maintaining its 2016 revenue target growth of 50-60% YoY supported by its backlog of Bt566mn, of which will book 60% this year. It expects to get revenue of more than Bt300mn from bidding for hospital job, both government and private, and expects to know the results in 2H16. (Khao Hoon, 09/08/16)
EPG
EPG expects 1QFY16 profit to be a new high of Bt385mn, surging 60% supported by insulated rubber and automotive parts business growth. It will report earnings on Aug 15. (Khao Hoon, 09/08/16)
Comment: Their ability to continue this growth has been impressive. One day they are hoping that the entire car will be made out of some form of plastics because then EPG will effectively become an indirect car manufacturer.
 
FORTH
FORTH
continues to bid for government communication projects. It is maintaining its 2016 revenue target of Bt5.8bn supported by its subsidiary and more orders. (Thun Hoon, 09/08/16)

Continue reading Stocks in the news (amata, big, biz, epg, forth, gpsc, jwd, max, mtls, pf, smart, snc, top, ubis, xo) 09.08.16

Stocks in the news (anan, bch, bm, kiat, loxley, nok, pttgc, scb, smart, spc) 07.06.16

ANAN
ANAN will hold a roadshow in Singapore. It targets 2016 revenue of Bt15.6bn thanks to high demand. It plans to launch Bt18.7bn in new projects, raising its backlog from Bt38.5bn and covering revenue through 2017. (Thun Hoon, 07/06/16)
Comment: Perhaps the hardest hit name post the draft bill re property
 
BCH
BCH expects 2Q16 earnings to be good backed by a bigger customer base and better performance than expected at WMC after it signed contracts to serve more foreign clients. It expects 2016 revenue to grow not less than 10%. It is budgeting Bt500mn to invest in a 140-bed hospital in 4Q16. (Thun Hoon, 07/06/16)
BM
BM expects to talk with prospective Japanese partners after they expressed an interest in acquiring a 20-25% stake. It is talking to three prospective partners to sell conduits in Myanmar. It expects 2Q16 to be good. It expects 2016 revenue to grow 15-20% as targeted. (Khao Hoon, 07/06/16)
KIAT
KIAT got a Bt500mn chemical product logistics project which is expected to contribute Bt100mn revenue per year. It plans to take part in Bt100mn in projects. It is interested in the power business after studying LNG investment. It expects a decision to be made in 4Q16. It expects 2H16 earnings to be good. (Khao Hoon, 07/06/16)
Comment: Still a very steady business. But not sure on this LNG investment

Continue reading Stocks in the news (anan, bch, bm, kiat, loxley, nok, pttgc, scb, smart, spc) 07.06.16

Stocks in the news (acc, dcorp, delta, dtac, ifec, ilink, kkp, mc, ori, pace, sc, scc, smart, sr, super, syntec, tcmc, tks, tt, upa) 28.04.16

ACC
ACC expects to wipe out retained losses. It expects net profit to return to the black in 2016 after it expands its business to trading, property, and alternative energy business. It expects to pay a dividend this year on its turnaround. (Thun Hoon, 28/04/16)
Comment: A quick scan of the company shows that they have multiple holdings in alternative energy companies of ~5MW in total
 
DCORP
DCORP is looking for a partner to invest abroad. It expects a decision to be made in May. It targets project IRR above 15%. It expects to show net profit this year. It expects its solar cell power plant to operate in 2H16. (Thun Hoon, 28/04/16)
DELTA
DELTA expects 2Q16 earnings to turn around, backed by new products. It targets 2016 revenue to grow 10%. It plans to invest new plants overseas to increase its orders. (Khao Hoon, 28/04/16)
DTAC
DTAC will cooperate with 4DBOOK to launch 4DBOOK FREE application, offering books on line, for one year (April 27, 2016 – April 30, 2017) for DTAC Reward customers. It expects 200,000 subscribers this year. (Khao Hoon, 28/04/16)
IFEC
IFEC says Goldwin, a #1 windmill producer, is interested in investing with IWIND (10% stake) in order to expand to Asia. It expects the 10MW Pak Panang wind power plant to operate in 3Q16. It expects to take over a power plant company in Vietnam in May. (Khao Hoon, 28/04/16)

Continue reading Stocks in the news (acc, dcorp, delta, dtac, ifec, ilink, kkp, mc, ori, pace, sc, scc, smart, sr, super, syntec, tcmc, tks, tt, upa) 28.04.16

Stocks in the news (apco, akr, ccp, dcon, dtac, gl, irpc lalin, lph, ori, pjw, pk, qtc, smart, snc, spcg, thana, tpoly) 10.02.16

APCO
APCO expects 2016 revenue to grow not less than 10% despite the slowdown in domestic purchasing power. It expects 2016 revenue to reach Bt450mn with a gross margin of 25%. It plans to increase its distribution channels through local retail stores. It is looking for a partner to build its network in Singapore, Malaysia, and Indonesia. (Thansetthakij, 10/02/16)
AKR
AKR targets 2016 revenue growth of 25% backed by robust earnings every quarter after it adjusted its strategy. It plans to focus on marketing campaigns and increase inventory in 1Q16. It plans to take part in PEA and MEA bids, valued at Bt6bn, in 2Q16. It expects the government to approve solar projects in March. (Thun Hoon, 10/02/16)
Comment: Again the issue with AKR is that there are just better companies doing the same business in the market. 
CCP
CCP got concrete orders on motorway project (Pattaya-Mabtaphut), valued at Bt500mn. This will increase its 2016 backlog. It expects 2016 revenue of to Bt2.6bn. It expects to benefit from public projects and property projects. (Khao Hoon, 10/02/16)
Comment: A Definitely beneficiary from all this infrastructure spending, but it seems rather priced in already
DCON
DCON expects 2016 revenue to reach Bt1.15bn aided by a larger customer base. Its management is okay with a capital increase as it will support fundamentals and decrease its D/E ratio to 0.2X. It is budgeting Bt400mn to buy land. It plans to pay a dividend at a payout ratio of not less than 25%. (Thun Hoon, 10/02/16)
Comment: Is DCON shifting further and further away from being a pure manufacturer of construction material to a property developer? 

Continue reading Stocks in the news (apco, akr, ccp, dcon, dtac, gl, irpc lalin, lph, ori, pjw, pk, qtc, smart, snc, spcg, thana, tpoly) 10.02.16

Stocks in the news (aav, abc, apco, ccn, gpsc, jsp, kc, psl, smart, stanly, super, tog, tpch, tpoly, tndt, ttw) 09.02.16

AAV
AAV expects 2016 net profit to be over Bt1bn driven by 16.9mn passengers and an 82% cabin factor. It expects to get five A320 planes this year, with a goal of 70 airplanes in 2020. It expects to open new routes in CLMV, beginning with Luang Prabang. (Thun Hoon, 09/02/16)
Comment: There is no real competition for AAV, I like to now saw Emirates control’s the mid-high end customers, AAV controls budget.

ABC
ABC plans to launch ABC Residence Sukhumvit 39, valued at Bt2.5bn. The selling prices will start at Bt170,000/sqm. It expects to do presales in March. (Khao Hoon, 09/02/16)
Comment: Will this condo be launched w/ solar power and IT Solutions?

APCO
APCO targets 2016 sales growth of 10% to achieve revenue of Bt450mn by focusing on providing BIM products to local customers. It is looking for a partner in Singapore to build MLM in Singapore, Malaysia, and Indonesia. (Khao Hoon, 09/02/16)
Comment: I hate MLM companies, there said I it

CCN
CCN expects 2016 net profit to mark a record high backed by the setup of 4G networks. It expects this to contribute 50% of total revenue in 2016 from last year’s 5%. It expects 2016 revenue to grow 20% aided by Bt70mn backlog. It expects to get a Bt200mn mega project which is expected to be concluded by 1Q16. (Thun Hoon, 09/02/16)

GPSC
GPSC plans to operate 65MW hydroelectricity in Laos with startup in 2017; construction has reached 35% completion. (Thun Hoon, 09/02/16)

Continue reading Stocks in the news (aav, abc, apco, ccn, gpsc, jsp, kc, psl, smart, stanly, super, tog, tpch, tpoly, tndt, ttw) 09.02.16

Stocks in the news (acap, ccp, centel, crane, forth, gl, irpc, lit, mjd, ppp, ps, sawad, smart, tasco) 07.01.16

ACAP
ACAP expects 2016 performance to turn around aided by recovery in every business. It expects its loan portfolio to reach Bt2bn this year. It expects 4Q15 earnings to be the best backed by business restructuring and its loan growth. (Thun Hoon, 07/01/16)
Comment: We do wonder what else the new shareholder is going to be doing with ACAP, it does have a decent balance sheet

CCP
CCP targets 2016 revenue of Bt2.6bn (from Bt2.4bn in 2015) with net margin of over 4%. It has budgeted Bt150mn to improve its machinery and increase capacity. Its backlog is Bt2.4bn. (Khao Hoon, 07/01/16)

CENTEL
CENTEL expects 2015 revenue to achieve target of Bt19bn, with more growth in 2016. It plans to expand both food and hotel businesses. It expects to get 8-10 hotel management contracts each year. It will hold a roadshow in Singapore this week. (Khao Hoon, 07/01/16)
Comment: Still a B-grade version of MINT but their hotel side will always continue to perform well.

CRANE
CRANE is budgeting Bt200mn to invest in new equipment. It expects 2016 revenue growth of 25% on the back of a boom in construction. It plans to take part in project bidding. (Thun Hoon, 07/01/16)
Comment: There’s always been hidden value in the CRANE and it’s been well known for monkey years.

Continue reading Stocks in the news (acap, ccp, centel, crane, forth, gl, irpc, lit, mjd, ppp, ps, sawad, smart, tasco) 07.01.16

Stocks in the news (advanc, csl, ecf, global, gunkul, hemraj, jubile, kbs, lh, loxley, mk, smart, treit, tu) 25.11.15

ADVANC
Advanced Wireless Network (AWN) paid Bt20.493 billion to the National Broadcasting and Telecommunications Commission (NBTC) yesterday as the first installment of the 1,800MHz license upfront fee. (Khao Hoon, 25/11/15)
Comment: And TRUE hadn’t paid their first part yet. Surprised much? Eyes are now fully focused on the remaining 900 MHz that should be up for bidding in December, we think it’s something that both DTAC and ADVANC have to win, each for their own business reasons otherwise DTAC is effectively out of the telco game and ADVANC won’t have enough spectrum. Now would JAS come to ruin the party for all the incumbents by pushing the price up just as they had done in the first round of bidding?

CSL
CSL expects 2016 revenue growth of 1-3%. It is focusing on the ICT business and is expected to have net profit of Bt300mn. (Khao Hoon, 25/11/15)

ECF
ECF expects 2016 revenue growth more than 12% and revenue in 2015 of Bt1.3bn. It also plans to use its rights to produce Disney-themed furniture to expand its market. (Khao Hoon, 25/11/15)

GLOBAL
GLOBAL expects 2016 revenue to grow 10-15%. It plans to partner in Cambodia and use Bt2bn to expand the business in Thailand. (Thun Hoon, 25/11/15)
Comment: We have never really cared much for this company only because we were always worried about its inventory turnover and HMPRO, as a business, is by far a better choice. But if and its a big if, GLOBAL can expand further in Cambodia, Laos etc etc and have a strong foothold in both markets then I may be more interested, but still their inventory management has me scratching my head.

GUNKUL
GUNKUL to partner with Super to build 11 solar farms for a total of 87 MW. It expects to generate electricity this month. (Thun Hoon, 25/11/15)

HEMRAJ
HEMRAJ plans to sell land in Hemraj Eastern Seaboard 2 to MG. It will sign the contract tomorrow (26/11/15). (Thun Hoon, 25/11/15)
Comment: We are just waiting for that last divvy.

Continue reading Stocks in the news (advanc, csl, ecf, global, gunkul, hemraj, jubile, kbs, lh, loxley, mk, smart, treit, tu) 25.11.15

Stocks in the news (30.10.15)

Names today: ACAP, COM7, CPN, IFEC, CPN, CSP, IFEC, JAS, KC, NUSA, ORI, PE, RCI, SAMART, SENA, SMART, TSF

ACAP
ACAP expects to show net profit next year on the back of loan extensions and cost control although this year may have a net loss. It is working with AJD to invest in an online loan machine valued at Bt400mn. It plans to acquire more debt to increase its debt collection portfolio. (Thun Hoon, 30/10/15)
Comment: We do wonder who the new shareholders are in ACAP and what their plans will be with this entity in the future

COM7
COM7 expects to show net profit in 4Q15 backed by 4G auction and iPhone6-plus launch. It expects 2015 revenue to achieve its target. It expects 2016 revenue to grow 5%. It plans to open more branches to expand to the SME market. (Thun Hoon, 30/10/15)
Comment: So, wait for the price to decline and buy again when the iPhone 7 releases?

CPN
CPN plans to expand to Myanmar. It targets to open hotel and department stores to cover AEC. It expects 2016 revenue to grow 10-15% backed by tourism. (Thun Hoon, 30/10/15)
Comment: The family already has a foothold there, so this is just a natural extension of the group’s overall business

Continue reading Stocks in the news (30.10.15)

Stocks in the news (ais, ait, beauty, css, emc, forth, genco, hmpro, ivl, itd, mdx, nbc, nlc, pstc, pttgc, qh, scn, sgp, smart, spcg, tfd, thai, thcom) 10.08.15

AIS
AIS pushes for joint venture with TOT, Mobile leader wants to rent telecom towers – Mobile leader Advanced Info Service Plc (AIS) has submitted a joint-venture proposal to TOT Plc to operate telecom tower sites after its mutual second-generation (2G) mobile concession expires next month. (Bangkok Post, 10/8/15)
Comment: Well they need it given the expiration of its concessions and in the case that 4G may (or not) be postponed

AIT
2Q15 earnings dropped 13%QoQ and 56%YoY hit by decreasing backlog and inefficient cost control. It plans to pay an interim dividend of Bt0.55/share. (ASTV, 10/08/15)
Comment: AIT – once a darling, it’s being hurt along with anyone else that relies upon government projects for their revenues, but it doesn’t change the fact that once the government becomes operational AIT will be a major beneficiary given the continued investment in IT by Thailand.

BEAUTY
BEAUTY expects 2Q15 earnings of Bt61mn. Its CEO says 2015 revenue will achieve 20% target growth backed by high demand locally and overseas. (Thun Hoon, 10/08/15)

CSS
CSS’ board has approved an interim dividend of Bt0.1/share, XD on Aug 21, PD on Sep 7. It reported 2Q15 earnings of Bt68mn (+44.92%YoY). 1H15 net profit was Bt131mn (96% growth). (Khao Hoon, 10/08/15)

Continue reading Stocks in the news (ais, ait, beauty, css, emc, forth, genco, hmpro, ivl, itd, mdx, nbc, nlc, pstc, pttgc, qh, scn, sgp, smart, spcg, tfd, thai, thcom) 10.08.15