Changes in constituents for the MSCI Global Standard Indexes which will take place as of the close of May 31, 2016.
MSCI Thailand: (+2) EGCO, ROBINS
MSCI Small Cap (Thailand): (+3) DNA, GL, S
(-6) EFORL, SAMTEL, SDAT, SRICHA, TIPCO, TTCL
AMATA sets target land sales of 1,000 rai in 2016. It is negotiating with a foreign customer and hopes to finish the deal in 2H16. (Khao Hoon, 24/02/16)
Comment: This implies a 20% revenue growth for AMATA this year.
ARROW is confident that revenue in 2016 will reach Bt1.4bn supported by more order, an increase in market share to 65% and expansion of factory and machinery. (Khao Hoon, 24/02/16)
Comment: What property slowdown? As long as the number of buildings continue to increase then ARROW is in good shape. A consistent grower over the past few years.
BIG reported net profit of Bt459mn, growth of 235%, on a gain in market share to over 50% and total revenue of Bt1.62bn. It targets revenue growth of no less than 10%, supported by expanding to high-end customers. It will pay a dividend of Bt0.6/share, XD on April 29. (Khao Hoon, 24/02/16)
Comment: I’ll be reading their notes to the financial statements w/ a lot of questions…
CHO reported profit in 2015 of Bt35mn, less than last year. This was due to a fall in total revenue and impact from the cancellation of the NGV bus. The board approved a stock dividend in the ratio 10 old shares for 1 new share, XD on April 27. It targets revenue growth of 5-10% in 2016. (Khao Hoon, 24/02/16)
Comment: Stock divvy’s are never liked by this market…
Asset Bright is expanding its business. It is preparing to open “ABC Pet World”, the biggest pet shopping center in Thailand, hopefully in 3Q16. It sees the pet market as valuated at Bt20bn with annual growth of 10-15%. (Khao Hoon, 18/2/16)
Comment: Perhaps instead of me mocking ABC continuously I should be supportive of these entrepreneurial projects that the company is undertaking from solar, to condominiums, to hotels, to internet services and now a Pet world…
AIT reported net profit of Bt532.5mn in 2015. The decrease in net profit is due to customers delaying their investment in IT. The board has approved a dividend of Bt1.5 on 2H15. It targets revenue growth of 10% supported by ICT industry recovery. (Khao Hoon, 18/2/16)
Comment: The whole industry suffered last year, mainly b/c of the lack of action by the government.
BSM negotiating with partner to invest in a new big project. The progress in the JV with a partner in Australia will be clear in 2Q16. It expects revenue in 2016 of Bt700mn supported by exports. (Thun Hoon, 18/2/16)
Comment: I have always liked this company but never cared for its valuation…
DRT sets revenue target at Bt4.2bn or growth of 5% in 2016 supported by exports. It plans to increase revenue in CLMV+I. The company plans to sell its products to property developers in Myanmar and Cambodia. (Khao Hoon, 18/2/16)
Comment: I still have doubts on their ability to grow, a value trap potentially if one isn’t careful..
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’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 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 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 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.
- Additions: GPSC, IMPACT, PLAT, TIPCO, VNG
- Deletions: DSGT, LOXLEY, MBK, MONO, NOK, PCSGH, PTL, SIM
Buy(s) THB 169 mn
- MALEE – Looks like a swap between the Central family members
- RS – And the owner keeps buying and buying
Sell(s) THB 959 mn
- BEC – Another large block sale by the maleenont family
- MALEE – See above
- MINT – Quite rare to see this director sell his shares in MINT, he’s been there for the past….15 or so years
- ACAP – It’s been news in the market that the major shareholders of ACAP have sold out.
- KC – This property company is somehow trading @ THB 2.5 bn mkt cap even though it’s profits have never been higher than THB 40 mn in the past 5 years
- TIPCO – These shares have run up because of its holding in TASCO, no surprise seeing a large sale here.
BEAUTY targets to maintain gross margin of 69%. It plans to introduce a new product in 3Q15. 2H15 is expected to be good thanks to seasonality. The plan to set up a distributor in Indonesia is expected to be finalized in 3Q15. It expects Bt1.7bn revenue from abroad this year. (Thun Hoon, 23/06/15)
Comment: Since templeton bought in, share price hasn’t gone anywhere, a sign of a peak perhaps?
CGS is dealing with Neo & Partners Global, a Singapore partner to introduce a new innovation, DMA for investors who trade stocks and derivatives via the Internet. (Thun Hoon, 23/06/15)
Comment: Zzzz no impact on earnings.
FPI expects 2Q15 earnings to grow, backed by numerous orders and the baht depreciation. It targets 10% revenue growth in 2015. It plans to increase production utilization to 85% after warehouse is finished. (Khao Hoon, 23/06/15)
GFPT is confident 2Q15 earnings will beat forecasts. It expects 5-10% export growth and 7-8% revenue growth this year. It plans to expand poultry farms in the second half of the year. (Khao Hoon, 23/06/15)
Comment: Still the best chicken co in town.
AJD’s board calls off par split. It hopes to maintain shareholders’ benefit according to good governance practice. Also, shareholders were objecting. The SET had requested AJD to clarify the two par splits in a year, only four months apart. (Thun Hoon, 06/03/15)
Comment: More like they were getting slapped on the wrist for wanting to do multiple stock splits in a short amount of time
Rising passengers at Don Muang – The number of passengers at Don Muang International Airport continues to increase by almost 50% to 6.7mn in 1Q15. In 2015, the number of the passengers is set to grow to over its capacity of 27.6mn. (Kao Hoon, 06/03/15)
Comment: Don Muang has performed amazingly well in the past several years when the LCC’s were moved there
FTSE removed BAY from the calculation due to low free float, effective March 20. (Kao Hoon, 06/03/15)
Comment: Explains a lot of the market drop in recent days.