Tag Archives: sst

Commentary, Research, Stocks, Updates

Stocks in the news (age, anan, banpu, bm, chow, com7, gl, ihl, ktis, pdg, sst, tfg, tm, trc, twpc, twz) 08.09.16

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AGE
AGE has orders of more than 300K tons from China. It expects export portion to rise to over 20%. It plans to increase coal sales to 200K tons, with service revenue rising to Bt300mn. (Thun Hoon, 08/09/16)
ANAN
ANAN expects 2H16 earnings to be better than first half supported by backlog of Bt38.5bn, of which more than Bt8.39bn will be booked in 2H16. It plans to open eight new projects with a total value of Bt19bn. It reports presales of Bt10.3bn in the first eight months of the year. (Kao Hoon, 08/09/16)
Comment: Next year is supposedly their “harvest” year as they call it.
 
BANPU
BANPU got funds of Bt5bn from the conversion of 993mn units of BANPU-W3. It will set the rights ratio and offer price for the BPP IPO on Sep 26. (Kao Hoon, 08/09/16)
BM
BM cuts 2016 target revenue growth to 10% from 20% in response to the economic slowdown. It is talking with a party in Myanmar to set up a factory. (Kao Hoon, 08/09/16)
CHOW
CHOW expects to start commercial operations of a 5MW power plant in Japan, which will push 2016 capacity up to reach 28.5MW. It plans to invest in a solar farm in the Philippines. It expects a profit in 2016 thanks to growth in steel sales. It is confident that revenue will reach its target of Bt4bn and targets a doubling in steel sales to 140k tons. (Thun Hoon, 08/09/16)
COM7
COM7 expects 2H16 earnings to grow. It expects 4Q16 sales to be good due to high season and the launch of iPhone 7. It expects 2016 sales to be over Bt17bn. (Kao Hoon, 08/09/16)
Comment: Well it had the little pop and now along with the rest of the market it’s falling.
 
GL
Group Lease strengthens ties with Sri Lankan financial group – SET-listed microfinance company Group Lease (GL) plans to collaborate further with Commercial Credit & Finance, a Sri Lankan financial group, to strengthen its microfinance businesses in Indonesia and Cambodia after GL acquired a microfinance company in Myanmar from a Commercial Credit shareholder. (The Nation, 08/09/16)
Comment: So they have Thailand, Indonesia, Laos, Cambodia, and Myanmar. 

Continue reading Stocks in the news (age, anan, banpu, bm, chow, com7, gl, ihl, ktis, pdg, sst, tfg, tm, trc, twpc, twz) 08.09.16 →

Commentary, Research, Stocks, Updates

Stocks in the news (advanc, aeonts, bec, dcon, demco, fsmart, irpc, mcs, mill, sena, sim, sricha, sst, tae, tvt, tsr) 24.09.15

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ADVANC
ADVANC expects 3Q15 net profit of Bt8.6bn (-4%) affected by decreasing service revenue and profit margin on sale of mobile handsets and rising marketing expense and depreciation. It expects 4Q15 earnings to be better because of the 4G auction. (Khao Hoon, 24/09/15)
Comment: It’s the same story every couple of years for AIS, in the end they are still the largest player, they still have the cleanest balance sheet and they’ll still continue to dominate.
AEONTS
AEONTS reported 2QFY15 net profit of Bt731mn (+40%QoQ). It plans to pay an interim dividend of Bt1.6/share. It targets FY2015 loan growth of 3-4% aided by government stimulus measures. It plans to expand its credit card customer base in Bangkok from its existing 2mn cards. (Thun Hoon, 24/09/15)
Comment: Ex its 1 time gain, earnings growth was only single digits for AEONTS
BEC
BEC expects 2015 revenue to drop by 5-10% and net profit to drop more than 10% from last year. It expects its performance to be better than peers. It says the drop in performance was caused by the economic slowdown and high competition. (Khao Hoon, 24/09/15)
Comment: While they may still be #1, their financial performance just shows the damage that digital TV has done to incumbents.
DCON
DCON plans to focus on power, construction and materials, and property businesses. It expects 3Q15 earnings to be good backed by large orders. It expects 2016 performance to turn around. (Thun Hoon, 24/09/15)
DEMCO
DEMCO expects 3Q15 earnings to be good aided by Bt3.7bn transfers from Bt8.8bn work on hand. It plans to bid for new projects both local and abroad. It expects 2015 revenue of Bt6bn. (Thun Hoon, 24/09/15)
Comment: And WEH IPO’ing next year should be a positive

Continue reading Stocks in the news (advanc, aeonts, bec, dcon, demco, fsmart, irpc, mcs, mill, sena, sim, sricha, sst, tae, tvt, tsr) 24.09.15 →

Commentary, Research, Stocks, Updates

Stocks in the news (advanc, crane, egco, grammy, hmpro, htech, ncl, paf, pt, ptg, ptt, sim, siri, sst, tmi, trc) 06.02.15

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ADVANC
ADVANC announced the dividend payment in 2H15 Bt5.96/share, raising the full year dividend to Bt12/share. This year, it targets revenue growth of 3-4%. It has budget of Bt40bn to expand 3G, fiber optic and broadband. (Kao hoon, 6/2/15)

CRANE
CRANE will propose board to pay dividend more than 50% within 1Q15, following from the superb 2014 earnings. In 2015, it expects the business to grow 20% from the boom of construction. It is studying on the listing of its four associates to raise fund from SET. (Thun Hoon, 6/2/15)

EGCO
EGCO invested Bt1.2bn for acquiring an additional 33.33% of the common shares in Natural Energy Development Co (NED) with the capacity of 63 megawatts. It will recognize additional revenue contribution from the increase of its stake for the investment immediately. (Kao hoon, 6/2/15)

GRAMMY
Digital TV to decide GRAMMY’s result – The company expects its 2015 performance to be based on its digital TV business. It sets the investment in content about Bt1bn for digital TV channel. (Kao Hoon, 6/2/15)
Comment: Similar to RS and WORK, grammy is betting the bank on digital TV working, but they have had capital issues hence the new partner in it’s digital operations

Continue reading Stocks in the news (advanc, crane, egco, grammy, hmpro, htech, ncl, paf, pt, ptg, ptt, sim, siri, sst, tmi, trc) 06.02.15 →

Commentary, Research, Stocks, Updates

Stocks in the news (cpf, gel, grammy, mill, n-park, ofm, pca, ratch, slc, sst) 23.07.14

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CPF

CPF plans to expand into food business in Australia. CPF targets 500 chain restaurant branches, and also looks to sell its ready made meals, which it believes has strong potential. The management estimates CAPEX in the range of AU$200mn spread over five years. (Kao Hoon, 23/07/14)

Comment: CPF is continuing on their mission to be the kitchen to the world, shame about the child labour though.

GEL

GEL: revenue growth of 30% from new buyers. The management is confident that due to NCPO policies 3Q14 should see more construction thus additional demand for its products. (Kao Hoon, 23/07/14)

Comment: Another construction materials company that could benefit if the infrastructure plans go ahead.

GRAMMY

GMM Grammy, CTH plan share swap to keep lid on pay TV business loss – GMM Grammy will make a share swap with CTH via its wholly owned subsidiary Z Trading in a Bt1bn transaction as Grammy tries to focus solely on digital television and exit pay TV, while CTH strives to expand its viewership and content. (The Nation, 23/07/14)

Comment: Will post thoughts on this later today.

Continue reading Stocks in the news (cpf, gel, grammy, mill, n-park, ofm, pca, ratch, slc, sst) 23.07.14 →

Commentary, Research, Stocks, Updates

Stocks in the news (aira, bgh, cho, drt, pjw, pttep, sc, spvi, sst) 08.07.14

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AIRA
150%price surge on first day — On its first day of trading, AIRA’s share price surged by more than 150% to Bt1.88/share from its IPO price of Bt0.75/share. Management reaffirms that major shareholders will not sell their stake as they are in for the long term. (Khao Hoon, 08/07/14)
Comment: As expected, small IPO (i.e. free float, # of shares listed) = wonderful big first day jump
BGH
BGH is waiting for shareholders’ approval to issue a convertible bond of not more than Bt10bn which it expects to sell to European investors. It will have 50 hospitals in 2014. (Khao Hoon, 08/07/14)
CHO
CHO expects to receive ship building contracts from the army. Management said that big projects will bring in more than Bt1bn in revenue. It expects revenue this year to grow by 15% and will revise its revenue target again if it receives more work. (Khao Hoon, 08/07/14)

Continue reading Stocks in the news (aira, bgh, cho, drt, pjw, pttep, sc, spvi, sst) 08.07.14 →

Commentary, Special Events

Six Thai listed firms makes Forbes’ top 200 Asian companies list

Need ideas for investments? Look no further than these names here, I’ve looked at MACO and QLT in the past and found them to both be well run companies but for liquidity reasons neither were investable unfortunately. SST well…leveraging up ones balance sheet to buy Au Bon Pain and Dunkin Donuts…not sure. As for WORK, well stock price has been riding this satellite industry trend and LANNA and UPOIC are both commodity plays. But regardless, great to see these smaller names make the Forbes list!

Four of the six firms are on the mainboard, consisting of Lanna Resources pcl (LANNA), Sub Sri Thai pcl (SST), United Palm Oil Industry pcl (UPOIC), and Workpoint Entertainment pcl (WORK), with the other two companies, Master Ad pcl (MACO) and Qualitech pcl (QLT), being listed on the Market for Alternative Investment (mai), Chanitr Charnchainarong, SET Executive Vice President and mai President, said

Source: SET

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