Tag Archives: tk

Stocks in the news (abc, aqua, atp30, banpu, chow, ck, color, cwt, ekh, epco, jsp, jwd, htc, ktc, max, ncl, sappe, solar, sr, tk, tkn, tsth, uac) 17.08.16

ABC
ABC is confident that 2016 will turn around and targets 2016 revenue of Bt2bn. It plans to launch Above Sukhumvit 39 project on Sep 9 and hold a grand opening for ABC World on Dec 12. (Kao Hoon, 17/08/16)
Comment: Will this condominium be sold via their online channels with pet stores and solar panels?
 
AQUA
AQUA reported 2Q16 profit of Bt92mn or growth of 38% YoY and 1H16 profit of Bt172mn. (Kao Hoon, 17/08/16)
ATP30
ATP30 expects to get Bt500mn in projects, with finalization in August. It expects this to increase revenue by 30%. It targets 2016 revenue to grow 15% to Bt300mn supported by large orders and cost control. (Thun Hoon, 17/08/16)
BANPU
BANPU has set its five year investment plan at US$557mn, with a focus on the power business. It expects net profit to return to the black this year with an EBITDA of US$500mn. It plans to implement cost control as well as improve production and logistics efficiency. It expects coal price to be better in 2H16 and for the coal business to contribute revenue of US$2.2bn. (Thun Hoon, 17/08/16)
CHOW
CHOW reported significant earnings growth in 1H16 backed by recovery in the steel industry and its Japan power plant. It expects 2016 revenue to be good brought by steel business and power business, of which 80MW is being constructed. (Thun Hoon, 17/08/16)

Continue reading Stocks in the news (abc, aqua, atp30, banpu, chow, ck, color, cwt, ekh, epco, jsp, jwd, htc, ktc, max, ncl, sappe, solar, sr, tk, tkn, tsth, uac) 17.08.16

Stocks in the news (aot, ap, bsm, centel, cho, fsmart, lh, malee, pk, qtc, sci, spa, tk, tmb, ttcl) 06.06.16

AOT
AOT plans to open bidding for the APM system at Suvarnabhumi valued at Bt3bn in midJune. It expects to finish the deal in October 2016. (Khao Hoon, 06/06/16)
Comment: AOT has been very quiet recently in terms of their expansion plans.
 
AP
AP got revenue of more than Bt8.55bn, up 20%, in five months. It plans to launch new projects and campaigns. It is confident sales will reach its target of Bt31bn in 2016. (Khao Hoon, 06/06/16)
Comment: Perhaps the last sector left to run in the Thai market.
 
BSM
BSM increase capital to RO and issue warrant (BSM-W2). It expects to funding of Bt150mn for develop property. It sets 2016 revenue target to over Bt1bn. (Khao Hoon, 06/06/16)
CENTEL
CENTEL expects 2Q16 earning to be good supported by tourism tax. It sets revenue target growth 10% from Bt19.2bn from 2015 due to tourism expansion. (Thun Hoon, 6/6/16)
CHO
CHO expects to turn around. It expects 2016 profit of Bt77mn, growth of 113% from 2015, supported by backlog of Bt645mn. It plans to book Bt400mn this year. (Khao Hoon, 06/06/16)
FSMART
FSMART is confident that 2Q16 earnings will grow as it expands the Boon Term top-up machines. At the end of April, it had 75,000 machines and expects to reach 90,000 this year. It is confident that revenue from Boon Term top-up machines will be over Bt28bn. (Khao Hoon, 06/06/16)
Comment: Still a growth machine. 
 
LH
LH expects 2016 transfers to hit Bt28bn as targeted after backlog reached Bt20bn. It plans to launch 14 projects valued at Bt23.5bn. It expects this to increase its presales to Bt28bn at the end of this year. (Khao Hoon, 06/06/16)
MALEE
MALEE expects 2016 revenue growth to be higher than target at 15% aided by the baht weakening and higher sales abroad. It plans to expand to CLMV and ASEAN. It expects its associated company in the Philippines to contribute doubled revenue. (Thun Hoon, 06/06/16)
Comment: The Philippines has done far better than what most people expected. It does raise the question why couldn’t ICHI and SAPPE do the same in their international expansions.

Continue reading Stocks in the news (aot, ap, bsm, centel, cho, fsmart, lh, malee, pk, qtc, sci, spa, tk, tmb, ttcl) 06.06.16

Stocks in the news (advanc, bjchi, bkd, bm, cho, eason, epg, fsmart, gfpt, ihl, jsp, mtls, nwr, pace, ptg, pttgc, richy, samco, solar, tk, trt, tsth) 23.05.16

ADVANC
ADVANC and TOT set to launch service under a joint trial – ADVANCED Info Service and TOT are expected to sign a contact signalling the launch of a joint-trial commercial service on the state agency’s 2.1 gigahertz spectrum shortly after the reauction of a 900 megahertz licence on Friday, Information and Communications Technology Minister Uttama Savanayana has said. (The Nation, 23/5/ 16)
Comment: There’s still another 4 more days to go before the auction, I do wonder what else could happen?
 
BJCHI
BJCHI expects 2Q16 earnings to be good aided by mega projects. It expects 2016 revenue to grow 15% thanks to numerous orders and bidding for new projects. It expects to get new projects that will increase its backlog from Bt1.7bn. (Thun Hoon, 23 /05/16)
Comment: Thus even with the volatile movements in oil prices BJCHI is still able to maintain their backlog. How?
 
BKD
BKD plans to ask board approval to invest in a new business on May 24. It expects 3Q16 earnings to mark a record high aided by government projects. Its backlog is Bt1.5bn, of which 70% is expected to be booked this year. It expects 2016 revenue to increase not less than 20%. (Thun Hoon, 23/05/16)
BM
BM reported substantial 1Q16 earnings growth aided by higher revenue from sales and lower cost with net margin of 7.05%. Core revenue came from metal trunking and electrical conduits. (Thun Hoon, 23/05/16)

Continue reading Stocks in the news (advanc, bjchi, bkd, bm, cho, eason, epg, fsmart, gfpt, ihl, jsp, mtls, nwr, pace, ptg, pttgc, richy, samco, solar, tk, trt, tsth) 23.05.16

Stocks in the news (bay, bsm, cpf, demco, jas, jsp, kool, mill, pylon, ratch, sgp, super, tpch, trc, tu) 03.03.16

BAY
BAY targets loan growth of 7% mainly corporate loans in Thailand and Japan. It expects revenue from fees to grow, offsetting lower NIM. It expects NPLs in 2016 of not over 2.5% and plans to sell Bt2-3bn in NPLs. It plans to issue a debenture worth no less than Bt10bn to bring Tier 2 capital to near 2%. (Thun Hoon, 03/03/16)
Comment: Could this bank join the ranks BBL, KTB, SCB, KBANK? I wouldn’t bet against it given the new shareholder
BSM
BSM reported net profit in 2015 of Bt14.62mn, up 10%, supported by increase in domestic and export sales. It will pay a dividend of Bt0.0033/share, XD on May 9 and payment on May 25. The board approved a capital increase and warrant issue. (Thun Hoon, 03/03/16)
CPF
CPF is budgeting Bt500mn to expand its swine farm. It targets revenue of Bt30bn in 2016. (Kao Hoon, 03/03/16)
CPN
CPN will start building Central i-City Malaysia worth more than Bt8.5bn. It expects to finish in 2018. (Kao Hoon, 03/03/16)
Comment: A regional shopping mall player in the making.
DEMCO
DEMCO expects earnings in 1Q16 continue to in the red after it lost opportunity to produce electricity. (Kao Hoon, 03/03/16)
Comment: No surprises here, more curious to see how 2Q16 plays out.
JAS
JAS stock price was up even if it does not get a 4G license. Investors view the abandoning of a license as positive, as it means it will not take on a debt load of Bt100bn and thus limits losses. JAS plans to deal with AIS and TOT to push “fixed broadband”. (Kao Hoon, 03/03/16)
Comment: Well. Ok.

Continue reading Stocks in the news (bay, bsm, cpf, demco, jas, jsp, kool, mill, pylon, ratch, sgp, super, tpch, trc, tu) 03.03.16

Stocks in the news (aot, ba, bch, eforl, epg, hmpro, jas, kbs, nch, ncl, noble, ori, pf, phol, samart, spcg, syntec, takuni, tasco, ticon, tk, true, tse) 02.03.16

AOT
AOT will open Don Mueang Airport Terminal 2 on Mar 8. This terminal can handle up to 30mn passengers annually. It expects 2016 passenger growth of 26%. It expects Don Mueang and Phuket airport to contribute additional revenue of Bt1bn in 2016. (Khao Hoon, 02/03/16)
Comment: Plus you do have phuket opening as well, the growth here has just been amazing, as a friend reminded me this morning, only 2% of china’s population is currently traveling..
BA
BA expects 2016 net profit to mark a record high from 2015’s Bt1.79bn. It expects revenue to grow 10-11% from lower oil price and more passengers. It is talking to 7-8 international airlines to increase its alliances. (Khao Hoon, 02/03/16)
Comment: They are posting relatively amazing numbers versus what AAV, THAI and Nok has.
BCH
BCH reported three-year best for net profit from lower loss from WMC. It targets 2016 earnings to be good because WMC is expected to reach breakeven in 2H16. (Thun Hoon, 02/03/16)
EFORL
EFORL reported 2015 revenue growth of 211%. It will pay a dividend of Bt0.203/share. It plans to cooperate with BORSAM to be a distributor of portable electrocardiographs. It plans to launch cosmetic products carrying the Wuttisak brand. (Khao Hoon, 02/03/16)
Comment: No real surprise re the earnings growth as it’s been known for the past 2 years that Wuttisak was coming in and will be spun off.

Continue reading Stocks in the news (aot, ba, bch, eforl, epg, hmpro, jas, kbs, nch, ncl, noble, ori, pf, phol, samart, spcg, syntec, takuni, tasco, ticon, tk, true, tse) 02.03.16

Stocks in the news (ajd, arrow, banpu, bcp, big, bkd, com7, delta, ilink, itd, ivl, mtls, pdi, pk, plat, ptt, ratch, robins, sci, takuni, tk, ttw, uniq) 23.02.16

AJD
AJD is studying investment in logistic business. It expects 2016 performance to be good on the back of its Top-Up business. (Thun Hoon, 23/02/16)
Comment: No comment, tired of the rubbish coming out of this firm.
ARROW
ARROW reported net profit of Bt245.2mn, growth of 65.24%, supported by decrease in raw materials cost. The board approved a dividend on 2H16 of Bt0.40/share, XD on April 29. (Khao Hoon, 23/02/16)
Comment: Boom knock out earnings *smash head against the wall for missing this*
BANPU
BANPU reported 2015 net loss of Bt1.5bn due to a slowdown in the coal business and booking losses from its electricity business in Laos. It has set a five-year budget of US$554mn to support growth further. (Khao Hoon, 23/02/16)
Comment: They have suffered and suffered like every other commodity player in coal…
BCP
BCP shows profit in 2015 of Bt4.15bn supported by GRM of above US$9. It will pay a dividend of Bt1/share, XD on 2 March 2016. (Khao Hoon, 23/02/16)
BIG
BIG will report earnings today with profit expected at more than Bt380mn or growth of 180% from 2014, supported by rising sales of mirror-less cameras. (Khao Hoon, 23/02/16)

Continue reading Stocks in the news (ajd, arrow, banpu, bcp, big, bkd, com7, delta, ilink, itd, ivl, mtls, pdi, pk, plat, ptt, ratch, robins, sci, takuni, tk, ttw, uniq) 23.02.16

Management Trades 18/01 – 22/01

Notable Transactions

Buy(s) THB 441 mn

  • TK – Just looks like a  switch amongst family members, preparing for the inheritance tax perhaps? A lot of these trades have been happening.
  • BDMS – And he’s still buying!

Sell(s) THB 746 mn

  • EA – Why would he sell now?
  • TK – See above
  • PSTC – Quite something to see such a large sale, although should we really be surprised given that its trading at 100x PE?
  • MAX – So the crook has sold his shares…not a bad 5x return, although it never did quite reach their rumoured THB 1 / share target price

mgmt_trades

 

Stocks in the news (age, apco, cen, ci, dcc, ifec, jwd, mcs, pjw, pttep, sawad, tfg, tk, tpch, uwc, wha) 16.12.15

AGE
AGE plans to expand to Vietnam and Cambodia where demand is high. It expects 2016 revenue to grow 10-20% from this year’s Bt4bn. It plans to expand its seaport, which is expected to increase its capacity by 30%. (Thun Hoon, 16/12/15)
Comment: The coal industry isn’t going anywhere and AGE is suffering with it

APCO
APCO plans to expand its market at home and overseas and will launch a new product, “Refreshing Spray”. It expects 4Q15 sales to increase by 50%. It expects to recognize revenue from abroad within 2016. (Khao Hoon, 16/12/15)
Comment: Effectively a listed MLM firm. If you believe that there are enough silly consumers out there to overpay for POS products then you can go ahead and believe in APCO

CEN
CEN expects to show net profit next year from net loss this year backed by its subsidiary and whole year of revenue from its power plant. It plans to expand abroad and acquire more power plants. (Thun Hoon, 16/12/15)

CI
CI expects 2016 revenue growth of 100% backed by transfers, rental revenue, and selling Bt1.2bn assets to REITs. It expects 2015 revenue to be higher than Bt2bn. (Khao Hoon, 16/12/15)
Comment: This will mainly be from the REIT, the issue with a property company this size is that earnings will be lumpy, great for a year or 2 and rubbish for the next few years and CI is no different.

Continue reading Stocks in the news (age, apco, cen, ci, dcc, ifec, jwd, mcs, pjw, pttep, sawad, tfg, tk, tpch, uwc, wha) 16.12.15

Stocks in the news (ajd, bjchi, cho, ci, csl, dcc, demco, delta, jsp, ktis, loxley, mill, ori, oto, polar, pttgc, siam, sport, tk, uac, wice) 18.11.15

AJD
AJD reported 9M15 net profit of Bt25.64mn (+1,007%YoY) thanks to high sales of set-top boxes and electric appliances. It expects 4Q15 earnings to be good on seasonality and online topup machines. 2016 performance is expected to grow significantly. (Thun Hoon, 18/11/15)

BJCHI
BJCHI expects 4Q15 earnings to be highest. It expects to book Bt1.7bn revenue from Bt5.2mn backlog. It expects 2015 revenue to grow 15% to Bt5.3bn. It plans to take part in Bt40bn bidding and expects to be awarded Bt6.5bn. (Khao Hoon, 18/11/15)
Comment: And this growth despite the 50% decrease in oil prices

CHO
CHO reported a drop in 3Q15 earnings of Bt32mn but it expects to recover in 4Q15. Its backlog is Bt600mn of which 50% is expected to be booked in 4Q15. (Khao Hoon, 18/11/15)
Comment: Expect to see an interview on this company soon.

CI
CI plans to take over hotels at home and overseas; it expects this to be finalized next year. It plans to launch three new projects, valued at Bt5bn, which will raise its backlog to Bt3bn. 4Q15 net profit is expected to be a record high from seasonality and transfers that were spurred by property incentives. (Thun Hoon, 18/11/15)
Comment: First they cleaned their balance sheet, then a share buyback and now M&A deals, not a bad move by this family.

CSL
CSL expects to show a net profit this year after achieving Bt248mn in net profit for first nine months. It expects 2015 revenue to grow 1-3%, close to last year’s, affected by a poor performance by its yellow pages and mobile contents businesses. It expects to maintain margin and will implement cost control next year. (Khao Hoon, 18/11/15)

Continue reading Stocks in the news (ajd, bjchi, cho, ci, csl, dcc, demco, delta, jsp, ktis, loxley, mill, ori, oto, polar, pttgc, siam, sport, tk, uac, wice) 18.11.15

Stocks in the news (bmcl, bsm, epg, ifec, nncl, planb, sena, spcg, syntec, tkt, tk, xo) 14.09.15

BMCL
BMCL expects to get a 25-year concession to operate MRT Blue Line, valued at Bt25bn. It has been awarded the operations of the Tao Poon-Bang Sue segment. It expects the Purple Line to be fully operational in August, 2016. (Thun Hoon, 14/09/15)
Comment: The line construction cost may be valued at that price, not the value of the contract that BMCL will receive
BSM
BSM is talking to A prospective partner in Australia to set up a subsidiary for exports. It expects to introduce new products in 1Q16. (Thun Hoon, 14/09/15)
EPG
EPG expects net profit to double this year. It targets 2015 revenue of Bt8.5bn on the back of numerous orders, lower material costs and the baht depreciation. (Khao Hoon, 14/09/15)
Comment: Meeting them later this week – let’s see if there’s any upside left here
IFEC
IFEC is talking to prospective partner from overseas which is expected to be finalized this year. It has budgeted Bt6bn to invest in a 600MW power plant. 3Q15 earnings are expected to be good backed by the operational startup of the power plant in the south. It expects net profit of Bt300mn this year. (Thun Hoon, 14/09/15)
Comment: Blah blah, no cash

Continue reading Stocks in the news (bmcl, bsm, epg, ifec, nncl, planb, sena, spcg, syntec, tkt, tk, xo) 14.09.15