Suvarnabhumi expects bids by October – The long-awaited expansion of Suvarnabhumi airport is slated to have an auction for contractors in October, with construction starting by February, says president Nitinai Sirismatthakarn of the state-controlled Airports of Thailand (AoT). (Bangkok Post, 15/09/16)
MRTA will negotiate with BEM for the Blue Line extension, Chaloem Ratchamongkhon Line and hub station next week. MRTA plans for concessions to expire in 2049. (Kao Hoon, 15/09/16)
BJCHI plans to bid for a new job worth Bt20bn and expects to get this job. This will increase its backlog from Bt3.1bn. It expects 2016 revenue to achieve its target growth of 15% from Bt5.7bn in 2015, supported by more new orders. (Thun Hoon, 15/09/16)
BRR expects 2016 revenue and profit to be stable from last year backed by a recovery in sugar price in 2H16. It has now switched to FiT for its power business and this will boost revenue by 20% and lift the proportion of revenue from power to 10%. It plans to set up a fund worth Bt3.6bn next year. (Kao Hoon, 15/09/16)
Comment: Could sugar names be the biggest turnaround story next year? Like the O&G and Food names this year.
CBG expects 2H16 earnings to be good after reporting 1H16 revenue of Bt4.48bn supported by demand from home and abroad. It expects 2016 sales to grow 20% from last year due to more customers. It has budgeted Bt2.61bn to increase can and bottle production capacity. (Thun Hoon, 15/09/16)
Buy(s) THB 33 mn
Sell(s) THB 2.4 bn
- MTLS – A huge sale from the owner. Does he not see a continuation of the 50% YoY growth after 2017?
- TKN – Again the major shareholders sell, looks like a block trade
- BEAUTY – See TKN
- BA – Now this is a rarity, a sell out of BA. When will they get rid of their BDMS shares?
- HMPRO – And he continues to sell
- MCS – Ohh a first sell from this wonderful steel manufacturer.
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 reported 2Q16 profit of Bt92mn or growth of 38% YoY and 1H16 profit of Bt172mn. (Kao Hoon, 17/08/16)
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 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 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)
AKP reported 2Q16 net profit of Bt18.08mn, up 61.6% YoY. It expects 2H16 performance to achieve its target. (Thun Hoon, 11/08/16)
BCH expects 2H16 earnings to be good supported by a faster breakeven at WMC than expected. It plans to increase Social Security clients to 800,000. It expects 2016 revenue to grow no less than 10%. (Thun Hoon, 11/08/16)
Comment: Well WMC has been waiting to breakeven for a long time…
Bangchak seeks 4th revenue engine – BANGCHAK PETROLEUM is seeking a new business to perform as the “fourth engine” of the company, after the spin-off of its green-power business. (The Nation, 11/08/16)
Comment: And the spin is expected to happen within the next 6 months
BIZ reported 2Q16 net profit of Bt8.1mn and total revenue of Bt106.59mn, a surge of 502.51% YoY due to realizing more revenue. (Thun Hoon, 11/08/16)
IVL reported 1H16 net profit of Bt10.84bn, increasing 95% YoY, and 2Q16 profit of Bt5.95bn supported by PET business recovery and booking extra gain of Bt2.49bn from an acquired business. (Kao Hoon, 11/08/16)
Comment: So they were able to boost their 1H16 #’s due to “extra gain” bookings from acquisitions, what magical things await in 2H16?
BANPU expects 2Q16 earnings to be good backed by Hong-Sa power plant. It expects its 78.5MW solar farm in China to contribute revenue in 2H16. It plans to acquire more coal mines. (Thun Hoon, 30/06/16)
Comment: I have this awful feeling in my stomach that banpu could pull a thai airways despite the #’s not justifying it.
COLOR expects 2Q16 earnings to be good backed by higher sales. It targets market share of 25% with capacity of 45,000tons/day. It expects net profit to mark a record high. (Thun Hoon, 30/06/16)
CRANE expects large orders from Suvarnabhumi phase 2 and the east-west economic corridor. It expects to show net profit in 2H16. It expects 2016 revenue to grow 10% from last year’s Bt902.16mn driven by uptrend in construction. (Thun Hoon, 30/06/16)
Comment: Well they should be busy with renting out their cranes for all these infra projects too.
NEP plans to restructure by takeovers and JVs. It is budgeting Bt60mn to buy equipment in order to increase its capacity for high-margin products. It expects net profit to get back in the black soon and will apply dividend policy of 50% payout ratio. (Thun Hoon, 30/06/16)
Buy(s) THB 124mn
- Whilst there were no major purchases above THB 20 mn in value, it was good to see a wide range of insiders buying their shares back in the markets
Sell(s) THB 1.1 bn
- MINT – A block sale by the owner to his private co
- TKN – They’ve been doing block sales for a while, to the best of my understanding its been to local asset managers
APCO reported profit growth 12.16% in 1Q16 supported by increased sales. It plans to expand its business nationwide. It targets revenue growth of no less than 10% in 2016. (Thun Hoon, 12/5/16)
Comment: They have yet to be able to reach the heights that everyone was expecting 2 years ago
BEAUTY reported 1Q16 net profit of Bt129mn, growth of 70%, supported by more revenue from adding branches, supporting customer demand in Thailand and abroad. (Kao Hoon, 12/5/16)
Comment: And the growth just continues and continues and continues
DNA board approved a budget of Bt4.39mn for its subsidiary “My Network” to acquire 51% of AEK stock. It plans to do an ICT business in Laos. It targets to have AEK be in the top three brands within two years. (Kao Hoon, 12/5/16)
Comment: This company seems to have the funniest dealings…
GLOBAL reported net profit of Bt451mn or growth of 108% due to increasing sales and higher gross profit. It is confident that 2016 revenue will grow no less than 10%. It plans to open 12 new branches, three in June. It plans to invest in Myanmar and Cambodia. (Kao Hoon, 12/5/16)
Comment: Rather surprising turnaround and growth in their 1Q. Is upcountry back?
ADVANC reported 1Q16 profit of Bt8.1bn on revenue of Bt37.25bn. It has 38.9mn subscribers. It will maintain its EBITDA at 37-38%. It will keep its dividend payout at 100%. It continues to expand subscriber numbers and its 4G network. It will bid for 900MHz on May 27. (Thun Hoon, 10/5/16)
Comment: 1Q16 demonstrated the length to which telco’s are willing to fight for market share. Jas never stood a chance, now what about DTAC and TRUE (where we are betting revenues are up and profits are down tremendously)
AMATA prepares to sign a contract for 400-500 rai, which will allow it to reach its full-year target of 1,000 rai. Chinese and Korean investors are interested in its land. (Thun Hoon, 10/5/16)
EA expects 1Q16 profit of more than Bt700mn or growth of 20% YoY due to the uptrend in the solar farm business. It expects earnings in 2Q16 to continue to be good supported by high season and booking income from the 90MW Phitsanulok project. (Kao Hoon, 10/5/16)
FSMART expects 1Q16 earnings to be a new high. It will report earnings this week. It is installing 73,000 on-line top-up machines, which is adding to revenue. It expects profit growth of 30% from top-up machines this year. (Thun Hoon, 10/5/16)
Comment: And the machine continues
GPSC reported 1Q16 profit of Bt871mn, growth of 64% YoY and 160% QoQ, supported by more demand for electricity and steam. (Kao Hoon, 10/5/16)
Comment: If you believe in their ability to capture more MW’s then go for it.
PCA expects revenue to grow 15% from the telecommunication business and plant fiber business plus revenue from the AEC market. It plans to pay a dividend of Bt0.14/share. (Thun Hoon, 10/5/16)
AJD targets top-up machines of 50,000 at the end of this year after yesterday reaching 10,000 machines. It plans to offer more services via its top-up machines in 2H16, such as ordering merchandise from the 7-Eleven catalog, insurance payments, etc. (Khao Hoon, 20/14/16)
Comment: We still have our doubts on their ability to execute, after all the incumbent FSMART is still continuing to dominate the country
BANPU plans to take a step into upstream unconventional gas by acquiring 29.4% stake in the low-cost Chaffee Corners Joint Exploration Agreement (JEA) operation in the northeast section of the Marcellus Shale in Pennsylvania in US for US$112mn. (SET, Khao Hoon, 20/14/16)
BBL reported 1Q16 net profit of Bt8.31bn from Bt9.40bn in 1Q15, affected by higher provisions. This brought EPS to Bt4.36/share from Bt4.93/share in 1Q15. (Khao Hoon, 20/14/16)
Comment: I do wonder how many more times we shall hear, “it’s ok to have rising NPLs because we have provisioned for them already”
CKP targets capacity of 5,000MW in 2025 from 2,160MW now. It plans to focus on expanding in Thailand, Laos, and Myanmar. Its board approved issuing a Bt10bn debenture, with subscription expected in 2H16. (Khao Hoon, 20/14/16)