ABC plans to invest in education business. It expects to sign an MoU with Lanna International School in Chiang Mai, valued at Bt150mn. It plans to launch the Bt2.5bn ABC Residence Sukhumvit39. (Khao Hoon, 13/01/16)
Comment: Wait…weren’t they going to do IT? And then renewable energy? And now its an international school and property development, gotta love the consistency here.
ACAP expects net profit this year after restructuring its business. It expects 4Q15 earnings to be good. It targets 2016 loan portfolio of Bt2bn. It plans to broaden its SME customer base. (Thun Hoon, 13/01/1)
DRT plans to export to CLMV+1. It targets exports to comprise 20% of sales. It plans to increase domestic sales via modern trade and property projects upon economic recovery. It expects 2015 net profit to be good. (Thun Hoon, 13/01/16)
Comment: Regardless, growth is minuscule for the company at this point.
EARTH plans to acquire a 40mn-ton mine. It targets 2016 revenue of Bt16bn. It expects exports to be good thanks to the baht weakening. (Thun Hoon, 13/01/16)
ASIMAR expects 2015 net profit of Bt120-130mn after achieving Bt102.2mn in the first nine months of the year. (Thun Hoon, 05/01/16)
COM7 expects tax incentives to help revenue grow more than 25%. It expects 4Q15 sales to be good because it has 300 branches and many products for sale, including iPhone 6s and iPhone 6sPlus.(Khao Hoon, 05/01/16)
Comment: A 1 time shot, expect for 1Q #’s to look weak.
CPN has budgeted Bt400mn to invest in Pororo Aquapark Bangkok at Central Plaza Bangna. It expects this to increase traffic by 15-20%. (Khao Hoon, 05/01/16)
CSS expects 2016 revenue of Bt5.5bn (20-25% growth) as DTAC and TRUE get busy with expanding their 4G towers. It also expects to get jobs from AIS and JAS. It expects to get a solar farm at a cooperative, which is expected to be announced in 3Q16. (Thun Hoon, 05/01/16)
Comment: You can do the numbers and you’ll see its already fairly priced.
EIC plans to sell 30.2% of Smart Traffic shares to Smart Merchant International for Bt185mn. It expects this to contribute gain of Bt18.8mn. (Khao Hoon, 05/01/16)
Comments: Looks like a left pocket right pocket deal, wonder what the FA would say here…
CHO confident revenue this year will grow no less than 50% due to strong flow in orders. It said that it plans to expand aggressively in overseas markets further through its catering hi-loaders truck business for airlines in markets abroad. The management confirms the exercise date for CHO-W1 is Dec 30, 2014. (Thun Hoon, 04/12/14)
Comment: Should the price of CHO ever decrease then I would consider it attractive based upon its growth – but a lot more homework needs to be done here.
CSS discussing investing in a 14MW power plant in Japan worth Bt1.4bn. A conclusion is expected next year. The company says that 4Q14 earnings will be strong, pushing revenue this year to Bt4bn. It targets revenue growth of 20-25% next year.(Kao Hoon, 04/12/14)
Comment: its quite interesting that how Thai companies are competing for power projects in Japan, a weakening yen versus the Thai Baht does help as well.
DRT targets earnings growth of 10% next yearwith revenue of Bt4.4bn, supported by the more contractor activities. The company plans to fine tune its business strategy after it has received more state projects, plus its plans to sell solar rooftop panels. (Thun Hoon, 04/12/14)
Comment : DRT has underperformed over the past 18 months, a full reflection of how their earnings have performed as well given the slowdown upcountry, with their additional capacity now installed, I am under the impression that they won’t be able to ramp up to full capacity for a number of years.
AIS lays broadband blueprint – Advanced Info Service (AIS), the country’s largest mobile operator, is jumping on the fixed-line broadband internet bandwagon with planned commercial service to begin in early 2015. “We believe now is the perfect time to enter the market, worth 50-60 billion baht last year, as the industry just reached a mature stage,” said Somchai Lertsuthiwong, the new chief executive of AIS. (Bangkok Post, 01/10/14)
Amata sees capital inflow from China, Japan – Amata Corporation Plc, the leading factory park developer, anticipates a flow of investment from Japan and China as the economic and investment policies of the provisional government become clearer to foreign firms ahead of the Asean Economic Community 2015. (The Nation, 01//10/14)
Comment: The only reason to hold AMATA would be its IPO of Amata Vietnam which has been postponed until next year.
CPF in talk to acquire US firm – Charoen Pokphand Foods, one of the country’s largest agro-industrial and food conglomerates, is in negotiations with a leading food production and marketing company in the US over a possible acquisition. (The Nation, 01/10/14)
Comment: Isn’t it amazing to see Thai firms acquire firms in the US & Europe?
CPN reports construction of Central WestGate more than 60-70% completed and it is confident the mall will be open and ready to operate by May 2015. It confirms target revenue growth this year of 15% and maintains its 5-year revenue growth target of 10-15% per year. (Kao Hoon, 01/10/14)
Comment: Central WestGate is supposedly a prototype of a “super Regional Mall” located at Bang Yai, project valued @ THB 10 bn
Want to feel like a rock star investor? Get into the small IPO’s. Anyone who was able to get IPO’s this year has been feeling that way, excluding IPO’s where commercial bank’s were the underwriters (here’s looking at you KBANK and SCB). The basic framework for IPO’s performing well on their first day hasn’t changed, if the market cap, free float are small enough, first day returns were and are likely to continue to be amazing given the market environment.
On the flip side, is this really a good thing? Shouldn’t IPO prices remain somewhat constant on their first day? If we’re seeing such high positive first day movements then the investment bankers aren’t doing their jobs properly on behalf of their clients (the listing companies) and are mispricing everything thereby missing a lot of potential capital..meh as if people care…
Source: Bangkok Post
Stock market watchdog fines trio nearly Bt10.5 million for misusing inside info – The Securities and Exchange Commission’s settlement committee has imposed fines totaling Bt10,488,534.01 on Thavatvong Thanasumitra for using inside information to purchase shares of Bangkok Dusit Medical Services (BGH) and on Viporn Jitsomwang and Narumon Chainaknan for aiding and abetting Thavatvong’s wrongdoing. (The Nation, 28/11/13)
Comment: So a member of the board trades divulges insider information and likely trades for himself. Hmmm. And it’s only a THB 10 mn fine? BGH time to show proper corporate governance here.
BJCHI to begin trade today. The company expects to stay above its IPO price, supported by its strong fundamentals with 9M13 profit at Bt952mn. (Khao Hoon, 28/11/13)
Comment: Another pop n drop? Continue reading Stocks in the news (bgh, bjchi, mega, nusa, sena, sutha, uac) 28.11.13