ADVANC reports more than 500,000 of its 2G clients have upgraded to 3G. It aims at getting more than 10mn 4G users from 4.4mn now. It has budgeted of Bt40bn to expand its business in 2016. (Kao Hoon, 29/2/16)
Comment: The number we read this morning from the news was 5 mn users already.
BBL announces a full-year dividend of Bt6.50/share. (Thun Hoon, 29/2/16)
BEAUTY reported net profit in 2015 of Bt402.5mn, up 33.65% supported by total revenue growth of 29.36% to Bt1.79mn from expanding its branches. It will pay a dividend in 2H16 of Bt0.83/share, XD on April 28. (Kao Hoon, 29/2/16)
Comment: And they keep growing!
BEM reported 2015 net profit of Bt2.65bn supported by higher toll and fare revenue. It had total revenue of Bt13.1bn with total assets of Bt78bn. It will pay a dividend of Bt0.07/share. (Thun Hoon, 29/2/16)
Comment: At what point will BEM do what BTS did and spin off the assets to an infrastructure REIT?
Asset Bright is expanding its business. It is preparing to open “ABC Pet World”, the biggest pet shopping center in Thailand, hopefully in 3Q16. It sees the pet market as valuated at Bt20bn with annual growth of 10-15%. (Khao Hoon, 18/2/16)
Comment: Perhaps instead of me mocking ABC continuously I should be supportive of these entrepreneurial projects that the company is undertaking from solar, to condominiums, to hotels, to internet services and now a Pet world…
AIT reported net profit of Bt532.5mn in 2015. The decrease in net profit is due to customers delaying their investment in IT. The board has approved a dividend of Bt1.5 on 2H15. It targets revenue growth of 10% supported by ICT industry recovery. (Khao Hoon, 18/2/16)
Comment: The whole industry suffered last year, mainly b/c of the lack of action by the government.
BSM negotiating with partner to invest in a new big project. The progress in the JV with a partner in Australia will be clear in 2Q16. It expects revenue in 2016 of Bt700mn supported by exports. (Thun Hoon, 18/2/16)
Comment: I have always liked this company but never cared for its valuation…
DRT sets revenue target at Bt4.2bn or growth of 5% in 2016 supported by exports. It plans to increase revenue in CLMV+I. The company plans to sell its products to property developers in Myanmar and Cambodia. (Khao Hoon, 18/2/16)
Comment: I still have doubts on their ability to grow, a value trap potentially if one isn’t careful..
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 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 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 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 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)
AUCT will focus on urban areas in the east next year and is preparing to expand its line of business to boost revenue. (Khao Hoon, 26/11/15)
Comment: Still a wonderful asset-light business model, but don’t care much for its valuation at the moment
CSS expects to have 2015 revenue of Bt4.8bn and get a project in Myanmar on the boom in communication. Its current backlog is now Bt1.3bn. (Thun Hoon, 26/11/15)
Comment: With a backlog of only thb 1.3bn there’s no way it can justify its current valuation….but retail seems to believe otherwise, management obviously doesn’t give his continuous selling of stock
DTAC reports that roaming data usage this year has grown 50% with voice roaming slipping around 10%. Total revenue from roaming is Bt600mn, close to last year. (Khao Hoon, 26/11/15)
EGCO plans to 5-year investment of Bt91bn in order to expand power plants. It expects to generate profit of Bt10bn in 2017. (Thun Hoon, 26/11/15)
Comment: There’s something interesting happening here with EGCO being one of the few utility companies to potentially grow 20% p.a. for the next 5 years.
Mid-east investor interested in BCH shares as it is a small-cap with strong fundamentals. It expects this deal to expand customers from the Middle East. (Thun Hoon, 04/09/15)
Comment: A mini BH in the making perhaps?
BDMS reports that G. Wasupol Co Ltd has transferred its business to BDMS. It plans to add more three hospitals. (Khao Hoon, 04/09/15)
Comment: Issue for BDMS is that growth is going to look smaller b/c of its scale
FSMART’s management accused of corruption by former shareholder. It expects this to be in the courts this month. (Khao Hoon, 04/09/15)
Comment: Then perhaps that shareholder should sue every past government in Thailand’s history as well.
KKP expects loans growth to drop because of the sluggish economy. It expects to have to make extra provisions. It targets 2015 NPLs of 6%. It does not plan to open new branches after closing 24 branches but expects to focus on service improvement. (Thun Hoon, 04/09/15)