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