BKD expects 3Q15 revenue to be higher than 2Q15. It expects to be awarded projects valued at Bt1.3bn in 4Q15. It expects 2015 revenue of Bt1.3bn as Bt2.5bn in backlog is expected to be booked. It targets 20% revenue growth next year. It plans to launch a property project in 2Q16. (Khao Hoon, 26/08/15)
BECL expects the merger of BECL and BMCL to be finished by October with the new company trading in November. It expects to book a Bt1bn extra gain from BMCL in 3Q15. It expects Sri-Rat highway to open in July 2016. (Khao Hoon, 26/08/15)
Comment: The question still stands whether or not the company will be considered to be more valuable when the two entities combine, financial theory says no, thai investors may say otherwise.
CPR expects 2015 net profit of Bt50mn after it has reaching Bt27mn in 1H15. It expects 2015 revenue of Bt500mn backed by a broader customer base. It plans to add more farming machinery in 2017. (Thun Hoon, 26/08/15)
CSS has opened a new warehouse and office as management expects the telecom business to continue to trend up. It expects 2015 revenue of Bt4.8-5bn. (Thun Hoon, 26/08/15)
FPI expects 2015 revenue to achieve 20% target growth on the back of lower material cost and baht depreciation. It expects net margin of 13% this year. It is talking with ECF to invest in a 120MW biomass power plant, which is expected to be finalized in December. (Khao Hoon, 26/08/15)
ANAN launches 4 new projects worth of Bt11bn. It has set a presales target of 40% per project within Aug 12-16. It is cooperating with Thai Samsung Electronics. (Khao Hoon, 14/8/15)]
Comment: And they’re spending quite the small fortune on marketing these projects, you can see their advertisements everywhere in Bangkok
ATP30 IPO price at Bt0.95/share with 24.59% discount. It plans to invest in a bus. First trading day is Aug 27, 2015. It expects revenue growth of 15-20% in 2015. (Khao Hoon, 14/8/15)
Comment: Looks like another small IPO, watch for the first day bounce
BKD reported profit growth of 20% to reach Bt63mn in 2Q15. It targets jobs of Bt3.5bn supported by a new client. (Khao Hoon, 14/8/15)
CHG targets revenue growth of 15-20% from Bt2.71bn last year due to high season in 2H15 and expanding demand. It has budgeted Bt550mn to expand its hospital. (Thun Hoon, 14/8/15)
Comment: We still wonder aloud if this hospital group will ever be taken over.
Continue reading Stocks in the news (anan, atp30, bkd, chg, ecl, forth, fpi, gpsc, intuch, mill, nwr, planb, pttep, ratch, rs, samco, sappe, spcg, super, tasco, thai, tgpro, tk, tpch, tuf, uv) 14.08.15
AP expects 2015 net profit to mark a record high of Bt25.3bn. It targets presales of Bt28.3bn and already has Bt18bn. It expects to launch 15 new projects throughout the rest of the year, worth Bt24bn. (Khao Hoon, 27/07/15)
Comment: Quite interesting that despite this economic malaise, AP is able to recognise revenue (the headlines are wrong) at such a high level.
BIGC reported 2Q15 earnings of Bt1.9bn (1.4% growth) backed by adding stores, marketing campaigns and cost control. (Khao Hoon, 27/07/15)
Comment: BIGC themselves admit that Thailand is no longer a growing retail market, it has all the hallmarks of a developed retail market and the only focus that they have is cost cutting cost cutting cost cutting.
BKD expects 2Q15 earnings to be robust (+279%YoY). It is ready for upcoming bids which are expected to raise its backlog to a record high. (Thun Hoon, 27/07/15)
Management says it expects 5-7% revenue growth for the next two years and expects profit to surge in 2018. (Post Today, 27/07/15)
Expects to get project in Brazil worth Bt4-5bn in May. 1Q15 earnings will be released in this week. (Khao Hoon, 11/05/15)
Comment: Even though oil prices have dropped, it hasn’t appeared to hurt BJCHI at all just yet.
1Q15 earnings surged 83%YoY to Bt57mn with total revenue of Bt361mn. Management says “Boon-term” machines are growing more than expected, rising to 47,392 machines in 1Q15 from 34,996 in 1Q14. Boon-term machines provide many services that boost revenue, so it has raised its target top up to Bt15bn in this year. The firm continues to look for other channels to build revenue. (Thun Hoon, 11/05/15)
Comment: Still an amazing business model, valuations are getting a bit rich now.
1Q15 earnings will be released today. Profit is expected to reach Bt4.2bn, 6%YoY growth, backed by greater profit at THCOM and ADVANC. (Khao Hoon, 11/05/15)
AUCT revealed that it is studying the business potential abroad. If it is feasible it will begin the business by early 2016 and expects this could contribute 10% to its revenue. Management expects 1Q15 performance TO be strong with revenue growth of 20-40% YoY in 2015. (Thun Hoon, 07/04/15)
Comment: Still my biggest regret of last year with their amazing growth, but I’m now continually shaking my head at its valuation
BANPU targets equity-based electricity generating capacity to reach 4,000MW by 2020, up from 1,800MW. This business will be its key growth driver for revenue and profit. (Thun Hoon, 07/04/15)
CPF concerned about lower purchasing power in Thailand which could be the worst among the 13 countries in which it has invested. The company expects acceleration of government budget disbursement to stimulate domestic demand and on this basis maintains its expectation of 10% revenue growth in 2015. It also targets more revenue from overseas business to reach Bt700bn in the next five years, accounting for 60% of total revenue. More M&A in Russia can be expected with an investment budget of Bt15-20bn per annum. (Krungthep Turakij, 07/04/15)
Blue Line negotiations, not bids – The cabinet has given the green light to the Mass Rapid Transit Authority of Thailand (MRTA) to negotiate with BMCL with regards to operating the Blue Line extension. In addition, the Transport Minister is ready to bring back the Joint-Venture 2013 law between state enterprises and private operators. (Thai Rath, 05/03/15)
Comment: This should be a positive for BMCL, cuts out a lot of unnecessary redtape
CPN will invest Bt6.3bn in Central Festival Phuket 1, leasing land and building from CDS. It announced a dividend of Bt0.65/share. (Kao Hoon, 05/03/15)
DTAC introducing new service, “jaew”, an application for financial transactions. It will allow DTAC subscribers who do not have bank accounts and live far from a town to transfer and receive money and pay bills. (Kao Hoon, 05/03/15)
Comment: Now this is an interesting service, a way to transfer $ without a bank account
AI confident that net profit this year will grow by 200% driven by strong performance from subsidiary AIE and AI’s earlier investments that are expected to help lower costs by 20%. Revenue this year is expected to hit its target of Bt9bn. (Kao Hoon, 23/01/15)
Comment: These are impressive numbers come out of AI, I’m not sure why at the moment.
AIE expects revenue to jump to Bt8bn this year due to strong flow of orders. It said that the company’s program to increase efficiency will help lower costs to compensate for the government’s cut in the proportion of biodiesel mixed in oil. (Kao Hoon, 23/01/15)
AJD says 2014 profit jumped, while revenue from its entertainment business in 2015 is expected to increase by 50% driven by subsidiary, Happy Import-Export, which is expected to produce more than 10 TV shows this year for Channel 7. The subsidiary also plans to apply for a license to be able to sell Thai TV shows in China. AJD plans list this company on mai in 2016. (Kao Hoon, 23/01/15)
BEAUTY reported 3Q14 net profit of Bt81.3mn, +68.4% YoY. The company is preparing to launch a new marketing campaign in 4Q14 to stimulate sales and is confident that revenue will grow 30% YoY in 2014 with widen net profit margin to at least 20%. (Kao Hoon, 13/11/14)
Comment: One of the few companies to have fantastic performance this 3Q14. And admittedly it is one that I’ve missed.
BGH has six M&A deals planned for Q1 — SET-listed Bangkok Dusit Medical Services Plc (BGH), Thailand’s largest hospital group, has planned merger and acquisition deals with six local hospitals in the first quarter of next year. (Bangkok Post ,13/11/14)
Comment: The M&A machine that is BGH continues, I still wouldn’t be surprised to see them to a hospital REIT in the future (not that they need the cash)
Central Pattana plots more malls in Bangkok and upcountry – SET-listed shopping project developer Central Pattana Plc (CPN), a property arm of Central Group, is set to double the number of its domestic malls to around 50 by 2024. The company seeks to open 20 retail projects from 2018-24 that will require an investment of Bt15bn a year. (Bangkok Post ,13/11/14)
Comment: Mall Group can’t catch up with CPN no matter how hard they have recently started trying.