Tag Archives: sutha

Stocks in the news (arrow, biz, bsm, cpn, csl, global, jubile, mega, robins, s, sci, spali, sutha, syntec, tacc, tfg, twz) 06.09.16

ARROW
ARROW expects 2016 revenue and profit to be a new high. It is maintains its full-year target revenue at Bt1.4bn, growth of 15%. It has backlog of Bt240mn, all of which will be booked this year. It is talking with two companies to take a share of its subsidiary and expects to make a deal within 2017. (Kao Hoon, 06/09/16)
BIZ
BIZ maintains 2016 revenue target growth of 50-60% and plans to expand its customer base in both government and private hospitals. It expects 2019 revenue to reach Bt1bn and has a three-year plan to do a JV with a private hospital to set up a cancer center. (Kao Hoon, 06/09/16)
Comment: Well its certainly pricing this growth in at these valuation levels
 
BSM
BSM expects to sign a Bt100mn contract for work in Papua New Guinea in early 4Q16. This will support 2H16 earnings. It expects a profit in both 3Q16 and the whole of 2016. It expects the Sansara project to finish around the end of 2017 to early 2018. It targets 2017 revenue of Bt800mn from Bt700mn this year, supported by expanding to Myanmar and Cambodia. ( Thun Hoon, 06/09/16)
CPN
CPN expects 2H16 revenue growth of 12-14% backed by steady growth in same-store sales. It is confident that 2016 revenue will grow 15% supported by opening a new shopping center. It expects to change CPNRF into a REIT at the end of 2016. (Kao Hoon, 06/09/16)
Comment: Given the size of the business today, its rather astounding how well they continue to perform
 
CSL
CSL expects 2016 revenue growth of 2-3%. It plans to expand high-speed internet in condominiums along the BTS line and expects 10,000 customers within this year. (Kao Hoon, 06/09/16)
GLOBAL
GLOBAL expects growth to continue through 2H16 with full-year revenue growth of more than 10%. It expects a net margin of 8.45%. It plans to expand to Myanmar and Cambodia, with a decision to be made next year. It expects to open eight new branches in 2016 and has a five-year budget of Bt10bn. ( Thun Ho on, 06/09/16)
JUBILE
JUBILE expects profit margin to continue to be good. It believes the Forevermark brand has a bright future. It plans to add four branches this year and has a five-year target of 25 branches. ( Thun Hoon, 06/09/16)
Comment: If JUBILE turnarounds around then you know that consumer confidence is back

Continue reading Stocks in the news (arrow, biz, bsm, cpn, csl, global, jubile, mega, robins, s, sci, spali, sutha, syntec, tacc, tfg, twz) 06.09.16

Stocks in the news (ap, big, egco, maco, ocean, phol, ptt, qtc, sutha, top, tvt, vih, wice) 22.07.16

AP
AP expects 2H16 earnings to be good supported by first time booking revenue from JV with Japanese partner. It expects revenue from the JV to increase in 2017. It plans to launch 13 new projects worth Bt25bn in 2H16, which will help it meet its presales target of Bt31bn. (Thun Hoon, 22/07/16)
BIG
BIG expects 2H16 to be outstanding due to high season and two big fairs. It plans to add four branches by the end of 2016. (Thun Hoon, 22/07/16)
Comment: This has been a learning lesson for us, let the market take this company up despite that fact that you can run any DCF even with high growth #’s and not attain the valuation that it’s trading at today. PEG Ratios…gotta love ’em…
 
EGCO
EGCO has booked more revenue from new tariff for the geothermal power plant in Indonesia which has capacity of 227MW. It has set a 2016 investment budget of Bt22bn to acquire power plants. (Thun Hoon, 22/07/16)
MACO
MACO expects 2H16 to be better than first half supported by new mass transit lines and high season. It is confident that 2016 revenue will grow more than 15%. (Thun Hoon, 22/07/16)
OCEAN
OCEAN expects 2016 revenue to grow and turn to profit. It will focus on expanding its business abroad. It expects cost to decrease more than 50% in 2017 after opening its own showroom and installing solar panels. (Khao Hoon, 22/07/16)
Comment: What is this water company doing with solar panels? Solar powered water showers? 

Continue reading Stocks in the news (ap, big, egco, maco, ocean, phol, ptt, qtc, sutha, top, tvt, vih, wice) 22.07.16

Stocks in the news (ckp, dna, fvc, net, mono, npp, snc, spcg, sutha, synex, trc, tvd) 05.02.16

CKP
CKP expects 4Q15 earnings to mark new high of Bt220mn to bring 2015 profit to Bt470mn. (Khao Hoon, 05/02/16)
Comment: All part of the company’s plans since their IPO a few years back
DNA
DNA expects to wipe out retained losses of Bt219.31mn within two years and restructure its business organization to focus on the power business. It expects 2016 earnings to turn around backed by a Bt100mn water management project and sport contents business. (Thun Hoon, 05/02/16)
Comment: The owner has privately joked many a time that he’s made more $ on the stock price than he has with the business, would you want to invest in a company like this?
FVC
FVC expects robust revenue of Bt400mn in 2016. It has budgeted Bt100mn to invest in two dialysis centers. It expects this to contribute Bt70mn revenue each year. It is confident 2016 net margin will be higher than last year. (Thun Hoon, 05/02/16)
NET
NET expects to get Bt20bn project to set up networks in villages. It expects to benefit from 4G. It expects 2016 performance to be good aided by launching new product lines, focus on data centers, and expand to CLMV. (Thun Hoon, 05/02/16)

Continue reading Stocks in the news (ckp, dna, fvc, net, mono, npp, snc, spcg, sutha, synex, trc, tvd) 05.02.16

Stocks in the news (abc, acap, drt, earth, iec, jwd, kkc, news, pstc, ptt, sat, sc, sutha, tisco, tks, tmi, top, uac) 13.01.16

ABC
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
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
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
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)

Continue reading Stocks in the news (abc, acap, drt, earth, iec, jwd, kkc, news, pstc, ptt, sat, sc, sutha, tisco, tks, tmi, top, uac) 13.01.16

Stocks in the news (asimar, com7, cpn, css, eic, gc, mill, pdg, qlt, seafco, sena, spa, super, sutha, tsr, uniq) 05.01.16

ASIMAR
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
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
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
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
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…

Continue reading Stocks in the news (asimar, com7, cpn, css, eic, gc, mill, pdg, qlt, seafco, sena, spa, super, sutha, tsr, uniq) 05.01.16

Stocks in the news (ap, dtc, gc, glow, iec, jmart, jsp, mcot, prin, pylon, sutha, thani, utp, wha) 02.10.15

AP
AP has achieved presales of Bt23bn for the first nine months. It targets 2015 presales of Bt28bn. It has signed a JV agreement with a Japanese partner to invest in a Bt2.6bn condominium at Ekkamai. (Khao Hoon, 02/10/15)
DTC
DTC subsidiary buys 1.925mn shares of DMS Property Investment Private Limited, for Bt88.625mn or a 5% stake. This company will operate a hotel business in the Maldives. (Khao Hoon, 02/10/15)
Comment: Keep your eye on this hotel co, if the new CEO turn this sleeping dinosaur into a godzilla, then it could just be a MINT/CENTEL in terms of performance
GC
GC is looking for a business partner to increase sustainable growth, pay dividend and increase working capital. It expects 3Q15 earnings to be good, bringing 2015 net profit growth of 50%. It expects to benefit from government measures, BOI privileges, and a recovery in the auto sector. (Thun Hoon, 02/10/15)
GLOW
GLOW is talking to prospective partner to invest in 1-2 water and solar power projects in Thailand, Myanmar and Laos. It expects this to be finalized soon. (Thun Hoon, 02/10/15) IEC IEC plans to invest in a VSPP in Songkla. It expects IRR of 14% and breakeven in seven years. (Khao Hoon, 02/10/15)
JMART
JMART plans to acquire retail businesses to set up an online market. It plans to expand JayMart shops in 10 Singer branches. It expects this to increase 2016 revenue. It expects 2015 revenue to achieve its target of 15%. (Thun Hoon,02/10/15)
Comment: JMART…love the CEO, but the mobile phone sales will continue to be hurt b/c of the carrier branded units, JMT is doing ok, JAS is an average asset, the investment in SINGER should pay dividends in a few years, but i think there’s better value elsewhere
JSP
JSP is talking to a prospective partner in China to invest in property at Pattaya; it expects the deal to be finalized by October 10. It expects 2015 revenue of Bt4bn. It plans to open two projects valued at Bt8bn by this year. (Thun Hoon, 02/10/15)
MCOT
MCOT expects poor 2015 revenue because of competition. It has budgeted Bt2bn for new contents. It expects 2016 revenue and net profit to recover. It plans to develop 50 rai of land beside Thailand Cultural Center. (Thun Hoon, 02/10/15)
Comment: And they’ll continue to be hurt for a while, although yes the 50 rai land plot could get local punters interested
PRIN
PRIN and partner plans to invest in 1MW solar roof for townhome in Sixnature Ramintra project. It expects to supply electricity by this year. (Thun Hoon, 02/10/15)
PYLON
PYLON expects to get a Bt200mn government project and expects to sign a contract soon. This project will raise its backlog to over Bt800mn. It expects to get a Bt1.2bn job next year. It expects 2015 revenue to mark a record high backed by transfers. (Thun Hoon, 02/10/15)
SUTHA
SUTHA is talking to prospective partners both local and foreign to broaden its distribution channel in ASEAN. It expects 2015 revenue to be close to 2014’s Bt1.08bn and Bt127.8mn in net profit. (Thun Hoon, 02/10/15)
THANI
THANI expects loans of Bt14bn this year (+20%). It expects net profit of Bt728bn with 4.5% in NPLs. It expects a gradual growth in 3Q15 earnings. (Khao Hoon, 02/10/15)
UTP
UTP expects 2016 revenue to be good backed by a 12MW cogeneration power plant which will increase capacity by 35% to 250,000-260,000 ton/day. It plans to broaden its customer base into AEC. It is looking for a partner. (Thun Hoon, 02/10/15)
WHA
WHA is talking to a prospective partner to invest in a 40MW waste power plant which is expected to be cleared in 4Q15. It plans to sell Bt13bn in assets to an REIT which is expected to be set up by December. It expects 2015 revenue of Bt19bn as targets. (Thun Hoon, 02/10/15)
Comment: @ 3 baht/share is this worth looking at? Some say yes, others say no, depends upon the story you have. 

Stocks in the news (cho, css, drt, gland, jasif, lpn, mono, pjw, ps, pylon, sutha, synex, tmi) – 04/12/14

CHO
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
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
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.

Continue reading Stocks in the news (cho, css, drt, gland, jasif, lpn, mono, pjw, ps, pylon, sutha, synex, tmi) – 04/12/14

Stocks in the news (advanc, amata, cpf, cpn, hempro, impact, irpc, tpipl, kbank, l&e, ptt, samco, sena, smm, sutha, thai, true, tse) 01.10.14

ADVANC
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
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
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
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

Continue reading Stocks in the news (advanc, amata, cpf, cpn, hempro, impact, irpc, tpipl, kbank, l&e, ptt, samco, sena, smm, sutha, thai, true, tse) 01.10.14

Thailand’s IPO Frenzy

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…

IPO FrenzhSource: Bangkok Post

 

Stocks in the news (bgh, bjchi, mega, nusa, sena, sutha, uac) 28.11.13

BGH

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

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