Tag Archives: tgci

Stocks in the news (bwg, demco, eat, gpsc, jas, kbs, ktb, mega, planb, scn, sport, tgci, thai, wice) 22.03.16

BWG
Board approved a dividend Bt0.04/share. It will issue BWG-W4 at a ratio of 6 old shares to 1 new share to shareholders and those who exercise BWG-W3. It will increase capital. (Thun Hoon, 22/03/16)
Comment: Well they seem rather adamant on expanding in the waste to energy segment

DEMCO
DEMCO bidding for EGAT and PEA jobs worth no less than Bt10bn. It targets revenue growth of 10-15% supported by 4G telecommunication towers and expansion of water and underground electrical systems in Laos. (Thun Hoon, 22/03/16)
Comment: Now the question left for demco is how much will the cost of business loss will cost the company over the next 6 months

EA
EA expects good earnings in 1H16 supported by a 90MW solar farm in Phitsanulok and biodiesel. It says 2016 revenue will grow 30% from last year supported by booking revenue from the sale of 404MW. (Thun Hoon, 22/03/16)

GPSC
GPSC continue to get dividend from RPCL. It is confident that net profit in 2016 will grow. It is preparing to hold a roadshow both in and outside Thailand to increase investor confidence. (Kao Hoon, 22/03/16)

Continue reading Stocks in the news (bwg, demco, eat, gpsc, jas, kbs, ktb, mega, planb, scn, sport, tgci, thai, wice) 22.03.16

Stocks in the news (bmcl, bts, ccp, cho, crane, dcon, itd, ivl, kcm, lhbank, ndr, pimo, preb, ps, pttep, s, samtel, tgci, tisco, wice, tuf) 24.07.15

BMCL
BMCL expects 2016 to be a turnaround year after EXAT approved the merger with BECL, which will support growth. The company is going ahead with the Purple Line (Taopoon-Bangsue) (Thun Hoon, 24/07/15)
Comment: The story for BMCL is its merger with BECL.

BTS
BTS is in talks with U for a joint real estate development in the Phayathai-Chatuchak area. The company will hold a 35.64% stake. (Thun Hoon, 24/07/15)
Comment: BTS is already the largest shareholder in U (formerly known as N-PARK), so lets apply some guess work and assume that BTS will do condominiums with SIRI and other developments i.e. offices/malls w/ U

CCP
CCP management says delay in mega projects will have no impact on earnings, which are backed by Bt2.3bn in backlog. The company plans to invest Bt100mn in 50-60 rai in Bongsai for new railroad tie plant aimed to reduce cost. (Thun Hoon, 24/07/15)

CHO
BMTA meets today to examine results from truth-finding committee on the purchase of 489 NGV public buses after Minister of Finance approved the deal. (Kao Hoon, 24/07/15)

CRANE
CRANE is talking with a Japanese partner for a JV or PP in order to expand its reach. Management confirms its strategy for M&A overseas. 2015 targets 20% growth YoY. (Thun Hoon, 24/07/15)

DCON
DCON is to report earnings 18 August, which is expect to come in strong, supported by Bt1.5bn worth of new condos. The biomass power plant deal is expected to finalize 4Q15. (Thun Hoon, 24/07/15)
Comment: The key driver behind DCON’s earnings this year was always the condominium transfers, the risk post recognising this is that their earnings will decrease rather dramatically

Continue reading Stocks in the news (bmcl, bts, ccp, cho, crane, dcon, itd, ivl, kcm, lhbank, ndr, pimo, preb, ps, pttep, s, samtel, tgci, tisco, wice, tuf) 24.07.15

Stocks in the news (advanc, aot, bkd, bjchi, ccp, chg, cho, dtac, ecf, gunkul, ilink, maco, mint, super, svi, tgci, tpch, tvd, tvt, uac) 30.06.15

ADVANC
ADVANC is the number 1 candidate for 4G auction. It expects 2Q15 earnings of Bt9.2bn (9% growth). ADVANC is a high dividend stock compared to its peers. (Thun Hoon, 30/06/15)
Comment: ADVANC needs the 4G spectrum more than any other operator out there. 
AOT
AOT is budgeting Bt13-14bn to developing Suvarnabhumi and Don Mueng airports which is expected to be done by 2020. It expects 120mn passengers per year. (Thun Hoon, 30/06/15)
Comment: Despite everything that has happened in the last 12 months (or decade for the matter!) Thailand’s tourism numbers still continue to grow and the potential is still there with Chinese tourists likely to increase 3-4x over the coming years.
BKD
BKD got two projects worth Bt848mn and expects to get a Bt1bn job in Cambodia which will raise backlog from Bt1.6bn to Bt3.45bn in 3Q15. (Khao Hoon, 30/06/15)
BJCHI
BJCHI will conduct a roadshow in Hong Kong, Japan, and Singapore. It targets 15% revenue growth this year backed by Bt7.5bn backlog. (Thun Hoon, 30/06/15)
Comment: Still a solidly run company 

Continue reading Stocks in the news (advanc, aot, bkd, bjchi, ccp, chg, cho, dtac, ecf, gunkul, ilink, maco, mint, super, svi, tgci, tpch, tvd, tvt, uac) 30.06.15

Stocks in the news (aot, bay, bjchi, ifec, irpc, itd, jas, kbs, ml, noble, tgci, trt, tse, vgi) 29.04.15

AOT
Don Mueang commercial area in Terminal 2 up for bid – AOT plans to open bidding for the commercial area in Terminal 2 at Don Mueang airport. (Khao Hoon, 29/04/15)

BAY
7-9% loan growth this year – Bank of Ayudhya (BAY), Thailand’s fifth largest bank by assets, expects loan growth of 7-9% this year, primarily from corporate lending, while intending to cap its nonperforming loans (NPLs) at less than 2.5%. President and chief executive Noriaki Goto said the main sources of loan growth would come from the corporate sector, but BAY would be cautious on expanding its retail loan portfolio. (Bangkok Post, 29/04/15)

BJCHI
BJCHI’s shareholders approve cash dividend of Bt0.25/share and stock dividend at 4 existing shares to 1 stock dividend. Payment is on May 26. The company will split par from Bt1/share to Bt0.25/share to gain greater trading liquidity. This year it expects 15% revenue growth and believes it is positioned to get Bt12bn in projects with high potential. (Than Hoon, 29/04/15)
Comment: I generally don’t care more for stock dividends in the thai market because of the way retail investors react. BJCHI still is a decent company despite what is happening with oil prices.

Continue reading Stocks in the news (aot, bay, bjchi, ifec, irpc, itd, jas, kbs, ml, noble, tgci, trt, tse, vgi) 29.04.15

Stocks in the news (earth, egco, fancy, hemraj, hydro, jubile, loxley, ofm, oishi, pcsgh, perk, prin, ps, sanko, seafco, symc, tgci, tpipl) 12.03.15

EARTH
EARTH expects higher region coal price to lift 1Q15 profit above Bt3.8bn. Management remains confident that its sales volume will reach 10mt in 2015 due to higher demand. It plans to acquire more mines with reserves of 40mt, conclusion by 4Q15. (Thun Hoon, 12/03/15)
Comment: The owners have been pledging their shares for a ton of equity financing hence the odd management trades we have seen over the past 2 years.

EGCO
EGCO unveils 5-year plan. This will focus on power plants under development. The company confirms its plan to expand in ASEAN and Asia Pacific region with required equity IRR of more than 10%. (Krungthep Thurakij, 12/03/15)

FANCY
FANCY reports three major shareholders sold 28.46% of total shares via big-lot transaction to two new investors at Bt3.5/share. Management says this will not affect the controlling power of the existing major shareholders and the company’s business plan for particle board production and rubber wood in Surat Thani. (Thun Hoon, 12/03/15)
Comment: It’s been a dying industry for a long time and I don’t see things changing.

HEMRAJ
HEMRAJ says land demand has been recovering since early 2015. Demand is being seen from both existing and new clients. It expects to sell 1,400 this year and is developing new land for potential clients. It plans to restructure after the end of the tender offer by WHA in March. (Thun Hoon, 12/03/15)
Comment: The question is how many assets will be sold by HEMRAJ in order to help WHA fund the acquisition? The Koh Lan is apparently being sold + a REIT will be set up for its factories + their office building could still be sold.

Continue reading Stocks in the news (earth, egco, fancy, hemraj, hydro, jubile, loxley, ofm, oishi, pcsgh, perk, prin, ps, sanko, seafco, symc, tgci, tpipl) 12.03.15