Tag Archives: tcmc

Stocks in the news (ap, ckp, delta, ksl, mc, mjd, pm, prin, q-con, rjh, spa, tcmc, tpipl, trt, tu, wha) 22.09.16

AP
AP is confident that low-rise project revenue and presales will hit target. It reports revenue from low-rise of Bt6.14bn in 1H16 and will realize Bt5.68bn in 2H16. (Thun Hoon, 22/09/16)
CKP
CKP expects profit of Bt300mn in 2H16 supported by more capacity from Nam Ngum 2. (Kao Hoon, 22/09/16)
Comment: Now would they consider flipping this into an infra REIT? Are the rules there by the SEC for this happen?
 
DELTA
DELTA has received more orders, which will support 2H16 earnings. It maintains its target revenue growth of 10% from last year backed by customer expansion. It has budgeted Bt1.12bn to set up a production base and R&D facility in India. (Thun Hoon, 22/09/16)
KSL
KSL expects 4Q16 earnings to be good supported by a surge in sugar price and the rise from bottom for its ethanol business. It plans to bid for a biomass power plant contract. (Thun Hoon, 22/09/16)
Comment: The only thing driven these names are the sugar prices
 
MC
MC expects 2H16 revenue to be good supported by campaigns and high season. It is confident that 2016 revenue will grow 15%. It has a plan to add 1 branch in Laos. (Kao Hoon, 22/09/16)
Comment: I still think that they have one of the worst inventory days turnover that I’ve seen amongst nearly every retailer in the region.

Continue reading Stocks in the news (ap, ckp, delta, ksl, mc, mjd, pm, prin, q-con, rjh, spa, tcmc, tpipl, trt, tu, wha) 22.09.16

Stocks in the news (amata, banpu, big, bkd, dcon, ekh, kiat, modern, ncl, pace, pf, pimo, rjh, sena, spcg, tcmc, tmill, vibha) 02.09.16

AMATA
AMATA expects 2016 land sales to hit target of 1,000 rai. It has land of 1,000 rai to support investment. It is confident that total revenue will grow no less than 5% supported by its backlog of more than Bt1.3bn. (Thun Hoon, 02/09/16)
BANPU
BANPU plans to COD 118MW this year, with full year capacity of more than 2000MW. Recently, it worked with twelve universities to install solar roofs. It expects 2016 revenue to reach target of Bt120bn backed by coal price recovery. (Thun Hoon, 02/09/16)
BIG
BIG expects 2H16 profit of more than Bt560mn, increasing 200% YoY, supported by introduction of a new mirrorless camera and a Big Pro Days event to raise sales. (Kao Hoon, 02/09/16)
Comment: Looking forward for next year, if they can’t expand their network then growth numbers may drop to single digits
 
BKD
BKD plans to book extra item of Bt400mn from sale of land in 2Q17 after the board approved the sale of 19 rai at Krungthepkritha for Bt487mn. If the company does not reinvest the money, it will use it to pay a dividend. (Kao Hoon, 02/09/16)
Comment: Well if they pay out the entire proceeds from the land sale then it would be more than a 10% special dividend
 
DCON
DCON expects 4Q16 to be peak supported by more orders and booking revenue from the sale of land. It is confident that 2016 revenue will be better than last year. It expects 2016 revenue of no less than Bt1.1bn. It plans to expand production lines and list a subsidiary in 2018. (Thun Hoon, 02/09/16)
EKH
EKH expects 2016 revenue and profit to be a new high. It expects revenue growth of 15% backed by more patients and expects 2H16 earnings to grow more than 1H16 due to high season. It expects 3Q16 earnings to be a new high. It plans to build a new pediatric center next year. (Kao Hoon, 02/09/16)

Continue reading Stocks in the news (amata, banpu, big, bkd, dcon, ekh, kiat, modern, ncl, pace, pf, pimo, rjh, sena, spcg, tcmc, tmill, vibha) 02.09.16

Stocks in the news (advanc, bem, br, brr, ecf, egco, pstc, seafco, smt, tcmc, top, tru, tsr) 29.06.16

ADVANC
ADVANC made ITS first payment of Bt8.6bn with A Bt72.3bn bank guarantee for 900MHz. It expects to handle 2G clients before being shut down. It expects higher earnings from less expense of Bt4bn. (Khao Hoon, 29/06/16)
Comment: There’s a lot of analysts expecting 2Q16 to be the peak for ADVANC earnings for the next 2 years
 
BEM
BEM expects 2016 net profit of Bt2.1bn mainly driven by MRT. (Khao Hoon, 29/06/16)
BR
BR expects to revise down 2016 revenue target growth from 10-15% because of higher competition in Europe, and excess supply in Poland and Hungary. (Post Today, 29/06/16)
BRR
BRR expects an increase in revenue from biomass power plants from Bt19mn/month to Bt25mn/month after it changed from adder scheme to FiT scheme. (Khao Hoon, 29/06/16)
Comment: Completely forgot that some sugar companies will benefit somewhat from this as well.

Continue reading Stocks in the news (advanc, bem, br, brr, ecf, egco, pstc, seafco, smt, tcmc, top, tru, tsr) 29.06.16

Stocks in the news (acc, dcorp, delta, dtac, ifec, ilink, kkp, mc, ori, pace, sc, scc, smart, sr, super, syntec, tcmc, tks, tt, upa) 28.04.16

ACC
ACC expects to wipe out retained losses. It expects net profit to return to the black in 2016 after it expands its business to trading, property, and alternative energy business. It expects to pay a dividend this year on its turnaround. (Thun Hoon, 28/04/16)
Comment: A quick scan of the company shows that they have multiple holdings in alternative energy companies of ~5MW in total
 
DCORP
DCORP is looking for a partner to invest abroad. It expects a decision to be made in May. It targets project IRR above 15%. It expects to show net profit this year. It expects its solar cell power plant to operate in 2H16. (Thun Hoon, 28/04/16)
DELTA
DELTA expects 2Q16 earnings to turn around, backed by new products. It targets 2016 revenue to grow 10%. It plans to invest new plants overseas to increase its orders. (Khao Hoon, 28/04/16)
DTAC
DTAC will cooperate with 4DBOOK to launch 4DBOOK FREE application, offering books on line, for one year (April 27, 2016 – April 30, 2017) for DTAC Reward customers. It expects 200,000 subscribers this year. (Khao Hoon, 28/04/16)
IFEC
IFEC says Goldwin, a #1 windmill producer, is interested in investing with IWIND (10% stake) in order to expand to Asia. It expects the 10MW Pak Panang wind power plant to operate in 3Q16. It expects to take over a power plant company in Vietnam in May. (Khao Hoon, 28/04/16)

Continue reading Stocks in the news (acc, dcorp, delta, dtac, ifec, ilink, kkp, mc, ori, pace, sc, scc, smart, sr, super, syntec, tcmc, tks, tt, upa) 28.04.16

Stocks in the news (auct, bay, css, ea, genco, global, polar, samco, smt, syntec, tcmc, uac, vgi) 28.01.16

AUCT
AUCT expects used car tent market to be good. It expects 20% growth in used cars to be put up for auction after the new tax structure has raised selling prices. It expects to be win the auction management contract for the public sector after its successful 4G spectrum auction. It expects 2016 revenue to grow 10%. It plans to add property to its auctions. (Thun Hoon, 28/01/16)
Comment: It would be interesting to see how far they can take the auction business into other segments, but their bread and butter is still the auctioning of cars and bikes
BAY
BAY acquired HKL, top micro finance company in Cambodia for Bt16bn. It expects this to support its expansion in CLMV, focusing on personal loans and microfinance. (Thun Hoon, 28/01/16)
Comment: Now this is an interesting development….why can’t Thai companies be more present in the region?
CCET
Taiwanese investors are interested in investing in CCET, planning to increase its capacity. They expect CCET to be their #1 supplier. It plans to focus on high margin products. It expects 2015 net profit to mark a record high backed by seasonality and the baht depreciation in 4Q15 earnings. (Thun Hoon, 28/01/16)
CSS
CSS expects 1Q16 earnings to be good despite no new projects. It expects to recognize income from Bt400-500mn in backlog. It expects 2Q16 to bring in projects from TRUE and ADVANC. It is interested in investing in alternative energy to diversify risk and increase revenue. (Thun Hoon, 28/01/16)

Continue reading Stocks in the news (auct, bay, css, ea, genco, global, polar, samco, smt, syntec, tcmc, uac, vgi) 28.01.16

Stocks in the news (big, bjchi, color, dcorp, demco, delta, eason, mill, planb, pps, qtc, scc, seaoil, sr, tcmc, thai, tipco, tpark, trubb) 14.01.16

BIG
BIG is budgeting Bt200-150mn to expand its business by opening more branches. It expects 2015 revenue to mark a record high and to pay its first dividend. It expects 2016 earnings to be good. (Thun Hoon, 14/01/16)
Comment: I’ve been surprised by their continuing positive performance but I still have doubts on their sustainability

BJCHI
BJCHI’s board has approved the share repurchase program for the purposes of financial management. It has set the maximum at not exceeding Bt250mn, equal to 40mn shares (2.5% of registered shares). It expects this to confirm its good outlook in the minds of investors and to give them the message that current share price is undervalued. It targets 2016 revenue growth of 15%. (Thun Hoon, 14/01/16)
Comment: Oil price drop? Who cares! Obviously not BJCHI’s board with their announcement yesterday to do a share buyback.

COLOR
COLOR targets 2016 revenue growth of 7-8% backed by Bt150mn in transfers contributing revenue in 2Q16. It expects to take part in upcoming bids. It plans to expand to ASEAN, Australia, and Europe. (Khao Hoon, 14/01/16)

DCORP
DCORP signed contract with Yingli Solar to set up a solar cell plant for Bt689mn. It expects this to start up by 2H16. (Thun Hoon, 14/01/16)

DEMCO
DEMCO expects 2016-2017 revenue to grow driven by construction, steel structure, and service businesses. It expects 2016 revenue of Bt6-6.5bn. (Post Today, 14/01/16)
Comment: Effectively 4Q15 was crap, 1Q16 will be crap and in a perfect world 2Q16 returns to normal.

Continue reading Stocks in the news (big, bjchi, color, dcorp, demco, delta, eason, mill, planb, pps, qtc, scc, seaoil, sr, tcmc, thai, tipco, tpark, trubb) 14.01.16

Stocks in the news (btc, centel, cho, chow, cpr, gpsc, jmart, kbank, pf, preb, ps, stec, tcmc, thcom) 20.11.15

BTC
BTC has budgeted Bt105mn to invest in the logistics business. It expects to show a net profit this year. It is interested in investing in alternative energy. (Thun Hoon, 20/11/15)
Comment: A logistics alternative investment firm, well why not. 
CENTEL
CENTEL has budgeted Bt2bn to invest in hotel and food businesses. It expects 4Q15 earnings to be good on seasonality. It expects 2015 revenue of Bt20bn. (Thun Hoon, 20/11/15)
Comment: If they could only figure out how to run the food business property versus just cost cutting then this company could be valued far higher. 
CHO
CHO revised down 2015 revenue growth from 10% to 2% because 9M15 revenue slowed down on opportunity loss as it prepared for an NGV project. (Khao Hoon, 20/11/15)
CHOW
CHOW expects its Japan power plant to supply 11MW electricity in November, equal to 23MW in all. It plans to expand in the alternative energy business. (Khao Hoon, 20/11/15)

Continue reading Stocks in the news (btc, centel, cho, chow, cpr, gpsc, jmart, kbank, pf, preb, ps, stec, tcmc, thcom) 20.11.15

Stocks in the news (21.10.15)

Names today: CHG, COM7, CPN, DRT, EFORL, JTS, KC, KTC, MC, NYT, PLANB, PTT, PYLON, SLP, SMT, TCMC, TPAC

CHG
CHG expects to acquire one hospital this year. It expects 1-2 deals to be concluded next year. It expects its expansion plan to raise revenue by 18-20% this year from 2014’s Bt2.7bn. It expects net profit to grow 15% from 2014’s 480mn. Both local and foreign investors are interested in CHG shares. (Thun Hoon, 21/10/15)
Comment: Hence why CHG being viewed as a future BDMS. It does beg the question, why did management sell so many shares between 11-12 baht (pre stock split)

COM7
COM7 expects to benefit from launch of iPhone 6S. It expects this to increase sales and net profit in 4Q15. It expects 3Q15 earnings of Bt59mn. It expects 2015 net profit of Bt271mn (+29%). (Khao Hoon, 21/10/15)
Comment: As commented yesterday, buy on the Iphone releases (we call this funnymentals)

CPN
CPN expects 2015 revenue to grow 10%. It plans to open CentralFestival Eastville valued at Bt6bn on Nov 27. It has budgeted Bt300mn for a marketing campaign to boost sales in 4Q15. (Khao Hoon, 21/10/15)

DRT
DRT expects 2015 net profit to be better than last year. It targets 2016 revenue growth of 5%. It expects government stimulus to lift sales in 4Q15. It plans to increase capacity. (Thun Hoon, 21/10/15)

Continue reading Stocks in the news (21.10.15)

Stocks in the news (cho, ck, egco, eforl, hemraj, hmpro, ifec, qtc, singer, sport, syntec, tcmc, thani, tks, tpoly) 28.09.15

CHO
CHO expects to sign NGV bus contract, worth Bt1.735mn in mid-October. It expects to bid for more electric bus projects. It maintains 2015 revenue growth of 10% with Bt600bn backlog. (Khao Hoon, 28/09/15)
Comment: Again wonderfully positioned to benefit from this NGV bus , BUT post these sales earnings will decline to what they normally are.

CK
CK says it is ready for upcoming mega projects valued at Bt200bn which is expected to be approved by the cabinet soon. It expects the M&A between BECL and BMCL to be done after the PPP Act has been approved. (Thun Hoon, 28/09/15)
Comment: Every contractor is loving these mega projects and in reality there isn’t a capacity constraint.

EGCO
EGCO expects 2H5 earnings to be better than 1H15. It expects 2015 net profit to be close to 2014’s Bt7.7bn. It plans to construct more 6-7 projects, 1,700MW in capacity from the existing 3,700MW. It targets capacity of 5,000MW in 2019. (Khao Hoon, 28/06/15)

EFORL
EFORL expects 2H15 to turn around on the back of large orders, decreasing cost, and extra gain from selling WCIH shares. It expects 2015 net profit of Bt255mn. (Khao Hoon, 28/09/15)

Continue reading Stocks in the news (cho, ck, egco, eforl, hemraj, hmpro, ifec, qtc, singer, sport, syntec, tcmc, thani, tks, tpoly) 28.09.15

Stocks in the news (bjchi, centel, cpall, cwt, dtac, kkc, mcot, ml, pae, pjw, pttgc, s, tcj, tcmc, tfd, trc, tuf, tvd, upa, ureka) 20.07.15

BJCHI
BJCHI expects 2Q15 earnings to be better than 1Q15 benefitting from FX gain. It expects 2H15 earnings to increase aided by backlog from Petrobras, worth Bt1.3bn and new projects from TUPI BV, valued at Bt5.4bn. It expects 2H15 net profit of Bt800mn. (ASTV, 20/07/15)
Comment: We do wonder aloud, weakening thb, which other export based or sectors/companies that rely upon Thailand being cheap for labour will benefit in the continued weakening of the THB? The same question of course goes for every other country in the region.

CENTEL
CENTEL expects to benefit from the baht depreciation as it will lead to an increase in tourists. Its average occupancy rate is 80% in 1H15 which is higher than 1H14. (Thun Hoon, 10/07/15)

CPALL
CPALL expects 2015 revenue to grow 11-12%. It expects water sales to grow 15% as people buy more water because of the drought. (Khao Hoon, 10/07/15)
Comment: Who else could in benefit from this? CPALL I’m finding interesting now because it looks like they will sell off part of their makro stake, to pay down their debt

CWT
CWT plans to set a Bt250mn plant in Cambodia for exports, expects this to start up in mid-2016. It targets 1mn capacity in 2019. (Khao Hoon, 10/07/15)

Continue reading Stocks in the news (bjchi, centel, cpall, cwt, dtac, kkc, mcot, ml, pae, pjw, pttgc, s, tcj, tcmc, tfd, trc, tuf, tvd, upa, ureka) 20.07.15