Tag Archives: susco

Stocks in the news (arrow, big, epg, gl, hpt, lalin, ldc, ndr, nncl, ori, qtc, rs, sappe, scc, scn, susco, synex, work, xo) 30.08.16

ARROW
ARROW expects 3Q16 earnings to grow supported by large orders, especially Suvarnabhumi phase 2 project from ILINK and ITD. It expects to get work on the MRT Green Line, with finalization by the end of this year. It expects 2016 revenue to reach Bt1.4bn. ( Khao Hoon, 30/08/16)
Comment: Perhaps we should just close our eyes and buy this given its continuous performance
 
BIG
BIG is budgeting Bt10mn to hold the 10th Big Camera Big Pro days. It expects this to push its 3Q16 revenue up above Bt5bn and expects net profit to mark a record high. (Thun Hoon, 30/08/16)
EPG
EPG expects 2QFY16 to be good brought by numerous orders. It expects FY2016 revenue to reach Bt11bn. It expects to complete 1-2 M&A transactions by the end of this year. It plans to hold a roadshow abroad to attract foreign investors. (Khao Hoon, 30/08/16)
Comment: And they continue to grow!
 
GL
GL partners with True Money. GL is forecasting a major boost to its already flourishing business in Cambodia through a new partnership with True Money, a mobile-payment subsidiary of True Corp in Thailand, that will significantly increase the sales of GL’s financial services via True Money’s extensive network of about 5,000 agents spread out nationwide in Cambodia. (Newscenter Local Press Release, 29/08/16)
Comment: That’s a clever move by both parties. GL still has its monopoly in Cambodia for motorcycle leasing for another 3-4 years and barring a crash in that economy they’ll continue to dominate, the question is only how much are you willing to pay for this

Continue reading Stocks in the news (arrow, big, epg, gl, hpt, lalin, ldc, ndr, nncl, ori, qtc, rs, sappe, scc, scn, susco, synex, work, xo) 30.08.16

Stocks in the news (ask, bla, demco, egco, gfpt, gold, gunkul, kce, nep, ptsc, ratch, sawad, siri, spa, susco, tu, thcom, wha) 10.08.16

ASK
ASK expects revenue and loan growth of not less than 15% on seasonality. It plans to issue a debenture to replace the old one of Bt7.3bn that is expiring. (Thun Hoon, 10/08/16)
Comment: It’s more likely that the continued improvement will come from decreased financing costs
 
BLA
BLA reported 2Q16 net profit of Bt9.3bn thanks to reversal of provisions. It will pay a dividend of Bt0.32/share, XD on Aug 25. (Khao Hoon, 10/08/16)
Comment: Despite the short term respite it’s still going to be tough for insurance co’s to make $ on their investment portfolio’s given these low yields
 
DEMCO
DEMCO says its 60MW wind power at Khao Kor commenced operations. It expects this to contribute Bt40mn income in 2017. It expects 2016 revenue to grow 10-15%. Its backlog is Bt7bn, of which it expects to book Bt6bn this year. It plans to take part in Bt10bn in bids. (Thun Hoon, 10/08/16)
Comment: The issue surrounding Demco is still because of the loss of production payments 
 
EGCO
EGCO reported 2Q16 net profit of Bt2.04bn (+46%). This brought 1H16 net profit to Bt4.63bn (+58%). ( Khao Hoon, 10/08/16)
GFPT
GFPT reported 2Q16 net profit of BT380.79mn (+90%) backed by lower feed costs and growth in GFN and McKey. It expects 2H16 earnings to be good on seasonality. It expects exports to reach 6,500ton/quarter. It expects 2016 gross profit to grow 14%. (Thun Hoon, 10/08/16)
Comment: Every chicken/pork company has had a wonderful 2Q and it looks like chicken prices are continuing to increase into the 2H16
 
GOLD
GOLD reported 2Q16 net profit of Bt359.38mn, which brought 1H16 net profit to Bt560.77mn driven by large transfers from property stimulus measures. It expects 2016 revenue to reach its target of Bt10bn. (Khao Hoon, 10/08/16)

Continue reading Stocks in the news (ask, bla, demco, egco, gfpt, gold, gunkul, kce, nep, ptsc, ratch, sawad, siri, spa, susco, tu, thcom, wha) 10.08.16

Stocks in the news (chow, ivl, lpn, pylon, scn, spcg, susco, takuni, ticon, tpbi, tsr, tta, uac) 16.06.26

CHOW
CHOW got EPC project from Primo energy for a 10MW solar farm. (FUKUI project, valued at Bt3bn.) (Khao Hoon, 16/06/16)
IVL
IVL plans to cooperate with Dhunseri, expects this to expand its PET market in India. It expects a decision to be finalized by 2016. It expects 2016 outlook to be good after its capacity reaches 9mn tons. It expects significant growth in 2016 net profit and revenue. (Thun Hoon, 16/06/16)
Comment: I’m looking forward to seeing what else they put in their 2Q16 numbers
 
LPN
LPN expects 2Q16 earnings to mark a record high. It expects 2H16 earnings to be better than 1H16 aided by Bt5bn in transfers and Bt5.8bn backlog. It expects 2016 sales to reach Bt17.6bn. It plans to launch 10-12 projects this year. (Khao Hoon, 16/06/16)
Comment: Well if 2Q is indeed the high, then it should be near THB 6 bn in revenues, otherwise they will have a tough time at matching last years revenue numbers 
 
PYLON
PYLON got a Bt150mn foundation project, expects to sign the contract soon. This raises its backlog to Bt750mn. It plans to take part in Bt2bn bids. It expects 2016 revenue to reach Bt1.2bn as targeted, backed by transfers. (Thun Hoon, 16/06/16)
SCN
SCN expects 2016 revenue to grow 40% thanks to higher demand for NGV. It is budgeting Bt1bn for business expansion. It expects a 5MW cooperative solar farm to start up by the end of this year. (Khao Hoon, 16/06/16)

Continue reading Stocks in the news (chow, ivl, lpn, pylon, scn, spcg, susco, takuni, ticon, tpbi, tsr, tta, uac) 16.06.26

Stocks in the news (advanc, aira, ci, fpi, gpsc, ivl, lalin, lhbank, pk, sena scc, sim, sprc, susco, thcom, tmi, tse) 05.04.16

ADVANC
ADVANC expects 1Q16 earnings to drop to Bt9.26bn, down 6% because of the higher expense of Bt3.5bn needed to keep its 2G subs. (Khao Hoon, 05/04/16)
Comment: Part of expectations to an extent however the question how comes how/why/when would they bid /receive the spectrum that JAS failed to pay for 
AIRA
AIRA plans to launch nano-finance in May. It targets people aged between 20-55 years old with maximum credit of Bt50,000. It will open its first branch in Silom Complex. (Thun Hoon, 05/04/16)
CI
CI indicates 1Q16 earnings will exceed target of Bt500-600mn supported by more project transfers. It expects 2016 revenue will hit target of Bt3bn. It has backlog of more than Bt2.5- 2.6bn, of which it will realize 50% this year. The company will book a Bt1.2bn extra gain from the sale of Sripanwa phase 2 to REIT in 2H16. (Thun Hoon, 05/04/16)
Comment: They’re beginning to perform like a decent property developer. 
FPI
FPI board approved a dividend of Bt0.07/share, payment on April 29. It sets 2016 revenue target growth of 10%. It plans to build a factory in India and start operating in 4Q16. It has orders amounting to more than Bt300mn. (Thun Hoon, 05/04/16)
GPSC
GPSC plans to spend Bt3.15bn to invest in a 20.8MW solar farm in Japan. It expects to sell electricity in 4Q16. (Thun Hoon, 05/04/16)

Continue reading Stocks in the news (advanc, aira, ci, fpi, gpsc, ivl, lalin, lhbank, pk, sena scc, sim, sprc, susco, thcom, tmi, tse) 05.04.16

Stocks in the news (advanc, aot, beauty, bem, earth, egco, ifec, jas, m, sawad, scb, susco) 17.02.16

ADVANC
ADVANC to work with TRUE to help 2G customers. TRUE will propose a rental agreement with ADVANC to rent 900MHz for three months. They will be talking today. (Khao Hoon, 17/2/16)
Comment: I don’t quite see the point in ADVANC working with TRUE given that 1) Jas won’t pay and thus there’s still another license available & negotiate with NBTC and TOT to utilise the unused spectrum 2) It has the roaming agreement with DTAC

AOT
AOT expects passengers to increase by 16-18%, signaling 2Q16 growth of 20%. It plans to inject Bt140bn to expand and develop airports. (Thun Hoon, 17/2/16)

BEAUTY
BEAUTY is seeking a partner in Philippines. This will be clear by 4Q16. It targets 2016 revenue to reach Bt2.1bn, driven by higher demand. It also plans to expand branches abroad. (Thun Hoon, 17/2/16)
Comment: I’ve always liked the potential of the Philippines, and given that Beauty’s products are “cheap” i.e. 20 cents of 10-20 baht / unit it could do very well. Or is this just news from another company that they are expanding internationally and nothing will come out of it.

BEM
BEM awarded compensation of Bt4.38bn. The arbitrator has told the Expressway Authority of Thailand to pay BEM. (Khao Hoon, 17/2/16)
Comment: Less funding for the government to do upcountry loans?

Continue reading Stocks in the news (advanc, aot, beauty, bem, earth, egco, ifec, jas, m, sawad, scb, susco) 17.02.16

Stocks in the news (age, beauty, cpf, ea, jas, lpn, qtc, rml, sgp, spa, susco, tog, trc, tru, uac, wha) 26.01.16

AGE
AGE plans to invest in Vietnam this year to meet high demand. It has budgeted Bt40-50mn to invest in new plants after seeing substantial local orders. It expects to focus on SME segment. It expects 2016 revenue growth to achieve its target of 10-15%. (Thun Hoon, 26/01/16)
Comment: And they should be announcing something with UAC and QTC as well, the long dreamed about biomass project
BEAUTY
BEAUTY plans to expand to Indonesia and set up distributors in January. It expects to increase revenue from exports. It targets 2016 revenue of Bt2.1bn with net profit margin of 20%. It expects 4Q15 earnings to mark a record high. (Thun Hoon, 26/01/16)
CPF
CPF expects 4Q15 net profit of Bt2.08bn (+158%) backed by extra gains from sale of investment. It expects this to lift 2015 net profit to Bt11.59bn (10% growth). It expects to pay dividend of Bt0.45/share on 2H15 performance. (Khao Hoon, 26/01/16)
Comment: Will this be the year that this chicken company runs? Still prefer/trust GFPT instead
EA
EA has budgeted Bt30bn to invest in 386MW wind power plants to bring its total capacity to 664MW. It targets 2016 revenue of Bt13bn backed by sale of electricity. (Thun Hoon, 26/01/16)
Comment: Again its the same story, no surprises here
JAS
JAS reported 2015 net profit of Bt15.7bn mainly driven by Bt13.2bn extra gain from selling assets to JASIF. It plans to pay a cash dividend of Bt0.3/share, XD on Feb 25. (Thun Hoon, 26/01/16)

Continue reading Stocks in the news (age, beauty, cpf, ea, jas, lpn, qtc, rml, sgp, spa, susco, tog, trc, tru, uac, wha) 26.01.16

Stocks in the news (22.10.15)

Names today: AIT, ILINK, BKD, CHOW, DELTA, DEMCO, EASTW, EPCO, FORTH, LIT, MCS, QH, SAMCO, SUSCO

AIT
AIT cooperating with ILINK to invest in a data center. It has got a Bt600mn job which is expected to start up in 2016. It expects this to boost performance next year. It expects 2015 revenue of Bt5.2bn with Bt3.2bn work on hand. (Thun Hoon, 22/10/15)
Comment: Quite clever that these two firms are going to work together with the data center’s.

BKD
BKD expects 2016 revenue to be good on the back of Bt2.7bn backlog. It expects 2015 revenue of Bt1.3bn. (Khao Hoon, 22/10/15)

CHOW
CHOW expects 2016 net profit of Bt350mn. It plans to list its subsidiary soon. 3Q15 performance is expected to grow from 2Q15 because of numerous orders and revenue contribution from solar farm in Japan. (Thun Hoon, 22/10/15)
Comment: The expansion to Japan is will begin full contribution next year, and I am curious to see how the Thai firms GUNKUL and CHOW deal with the currency fluctuation.

DELTA
Hong Kong investors are interested in DELTA shares because of its strong fundamentals and good financial status. It expects this deal to be finalized soon. It expects 2015 revenue to grow 5-10% from 2014’s Bt45bn backed by high demand and the weaker bath. (Thun Hoon, 22/10/15)

Continue reading Stocks in the news (22.10.15)

Stocks in the news (bjc, chow, earth, forth, hemraj, ktp, malee, planb, rs, susco, tapac, trubb) 29.09.15

BJC
BJC is talking to many prospective partners (in Laos, Vietnam, Cambodia) to take over local and international companies, which is expected to be finalized soon. It has budgeted Bt2.25bn for investment. It expects 2015 revenue to grow 10% as targeted. (Thun Hoon, 29/09/15)
CHOW
CHOW is talking to prospective partner to invest in solar power plant. It targets capacity of 200MW by 2016. It expects 3Q15 earnings to be peak, aided by large orders in steel and selling electricity. It expects 2015 earnings to be good. It plans to list subsidiaries next year. (Thun Hoon, 29/09/15)
Comment: I’m still incredibly impressed by their shift to solar and their openness to expand internationally
EARTH
EARTH is considering investing solar energy business in Italy which it expects to be concluded soon. It targets five coal mines in five countries within five years. (Thun Hoon, 29/09/15)
Comment: And yet what is management doing with their shares? I don’t quite feel very comfortable with their practises.
FORTH
FORTH expects some 3Q15 earnings growth on the back of new projects. It plans to bid for a Bt500mn job at the end of this year. It expects 2015 revenue to achieve target of Bt5bn. It plans to increase revenue by managing 4G network systems. (Thun Hoon, 29/09/15)
Comment: And again the real value here is purely in FSMART more than anything else 

Continue reading Stocks in the news (bjc, chow, earth, forth, hemraj, ktp, malee, planb, rs, susco, tapac, trubb) 29.09.15

Stocks in the news (auct, bjchi, ccp, cig, cwt, eastw, epg, irpc, ldc, qtc, rich, samoc, scc, spali, sricha, susco, tks, tmt, tpoly, true, ttw) 16.07.15

AUCT
AUCT expects 2Q15 earnings of Bt42mn, 12-13% revenue growth and 2.59% dividend yield. (Khao Hoon, 16/07/15)
Comment: Despite it’s great growth, it looks like the retail investors are beginning to realise that the share price has been quite overvalued

BJCHI
Foreign investors are interested in BJCHI shares after it held a roadshow in Hong Kong, Singapore and Japan. It expects 15% revenue growth this year backed by revenue recognition in 2H15 and a higher client base. (Thun Hoon, 16/07/15)

CCP
CCP expects to increase product line at the end of this year. It plans to invest Bt70-80mn. It expects to gain from government investment. (Thun Hoon, 16/07/15)
Comment: Definitely one of the potential winners in the infrastructure spending

CIG
CIG plans to increase exports to 70-80% and expects to show a net profit in 2H15. Its backlog is Bt400mn, expected to be booked this year. It will conduct a roadshow to increase its market. (Thun Hoon, 16/07/15)

Continue reading Stocks in the news (auct, bjchi, ccp, cig, cwt, eastw, epg, irpc, ldc, qtc, rich, samoc, scc, spali, sricha, susco, tks, tmt, tpoly, true, ttw) 16.07.15

Stocks in the news (advanc, bigc, city, lpn, ptg, sena, slp, sithai, susco, svi, thcom, ticon, tpch, vgi) 08.05.15

ADVANC
1Q15 earnings will be released today. Net profit is expected to grow 3% to Bt9.74bn benefitting from 54% growth in revenue from sales and 7% growth in revenue from service. Net profit this year is estimated to hit Bt42.81bn, 17%growth. (Khao Hoon 08/05/15)

BIGC
1Q15 earnings grew 14.6% YoY from sale promotions to Bt1.44bn, EPS of Bt1.75. Sales revenue grew 1.9%YoY because BIGC launched promotional campaigns, especially during Chinese New Year. However, sales revenue slipped in March due to concerns about economic recovery. As a result, same-store sales contracted 0.2%YoY. (Post Today 08/05/15)
Comment: A negative SSSG again for BIGC, either they are losing out to Tesco (Which we doubt) or its just the overall market is far softer given the lower agri prices

CITY
4QFY15 to be best of the year – CITY expects 4QFY15 earnings (May-July 2015) to be its highest because of government investment projects that will increase demand for steel. It expects FY2015 (August 2014-July 2015) growth of 10% from FY2014’s Bt767mn. (Thun Hoon 08/05/15)
Comment: CITY used to be a pick of ours way back in 2007, it still has a decent dividend with a clean balance sheet

LPN
1Q15 earnings fell 16.7% due to fewer transfers. Khun Sombat Kittiphokirat says the firm and its subsidiary reported 1Q15 earnings of Bt292.09mn, Bt0.2 per share, down from last year’s Bt350.63mn, Bt0.24 per share. (Post Today 08/05/15)
Comment: But this will be the low for the year with 2Q15 likely to recognise several projects

Continue reading Stocks in the news (advanc, bigc, city, lpn, ptg, sena, slp, sithai, susco, svi, thcom, ticon, tpch, vgi) 08.05.15