Tag Archives: tmill

Stocks in the news (amata, banpu, big, bkd, dcon, ekh, kiat, modern, ncl, pace, pf, pimo, rjh, sena, spcg, tcmc, tmill, vibha) 02.09.16

AMATA
AMATA expects 2016 land sales to hit target of 1,000 rai. It has land of 1,000 rai to support investment. It is confident that total revenue will grow no less than 5% supported by its backlog of more than Bt1.3bn. (Thun Hoon, 02/09/16)
BANPU
BANPU plans to COD 118MW this year, with full year capacity of more than 2000MW. Recently, it worked with twelve universities to install solar roofs. It expects 2016 revenue to reach target of Bt120bn backed by coal price recovery. (Thun Hoon, 02/09/16)
BIG
BIG expects 2H16 profit of more than Bt560mn, increasing 200% YoY, supported by introduction of a new mirrorless camera and a Big Pro Days event to raise sales. (Kao Hoon, 02/09/16)
Comment: Looking forward for next year, if they can’t expand their network then growth numbers may drop to single digits
 
BKD
BKD plans to book extra item of Bt400mn from sale of land in 2Q17 after the board approved the sale of 19 rai at Krungthepkritha for Bt487mn. If the company does not reinvest the money, it will use it to pay a dividend. (Kao Hoon, 02/09/16)
Comment: Well if they pay out the entire proceeds from the land sale then it would be more than a 10% special dividend
 
DCON
DCON expects 4Q16 to be peak supported by more orders and booking revenue from the sale of land. It is confident that 2016 revenue will be better than last year. It expects 2016 revenue of no less than Bt1.1bn. It plans to expand production lines and list a subsidiary in 2018. (Thun Hoon, 02/09/16)
EKH
EKH expects 2016 revenue and profit to be a new high. It expects revenue growth of 15% backed by more patients and expects 2H16 earnings to grow more than 1H16 due to high season. It expects 3Q16 earnings to be a new high. It plans to build a new pediatric center next year. (Kao Hoon, 02/09/16)

Continue reading Stocks in the news (amata, banpu, big, bkd, dcon, ekh, kiat, modern, ncl, pace, pf, pimo, rjh, sena, spcg, tcmc, tmill, vibha) 02.09.16

Stocks in the news (big, bjc, bkd, ci, epg, hana, ndr, prin, richy, rp, samart, tks, tmill, tpch, trc, tsr, tvd) 27.05.16

BIG
BIG expects 2Q16 earnings to be good with high margin of 32.4% backed by the mirrorless camera. It plans to open shops to provide photo printing in June, which will boost its net profit. (Thun Hoon, 27/05/16)
Comment: Their YoY growth numbers do look fantastic, the question then becomes, is it sustainable? What product can they push next to continue this growth or is there a natural limitation before the market becomes saturated.
 
BJC
BJC plans to increase its registered capital and issue debentures to refinance loans and repay bank creditors after acquiring BIGC .  (The Nation, 27/05/16)
Comment: Boom massive recap, more info to come
 
BKD
BKD plans to sell 20 rai of Krungthep Kreetha land. A listed company offered Bt600mn but it is holding out for a price of above Bt700mn as a road is coming that will provide access. (Khao Hoon, 27/05/16)
CI
CI expects 1H16 earnings to be good thanks to property stimulus measures. It expects 2016 revenue of Bt3.15bn backed by transfers and Bt3.4bn in new projects. It expects this to increase its backlog from Bt3bn, covering revenue through 2018. (Thun Hoon, 27/05/16)
EPG
EPG expects to report FY2016 earnings today. It expects net profit to be higher than Bt1.5bn, 140% growth, backed by large orders for every business. (Khao Hoon, 27/05/16)

Continue reading Stocks in the news (big, bjc, bkd, ci, epg, hana, ndr, prin, richy, rp, samart, tks, tmill, tpch, trc, tsr, tvd) 27.05.16

Stocks in the news (aot, egco, epg, fn, gold, gunkul, lit, nncl, pf, preb, ps, sappe, tcc, tmill) 26.05.16

AOT
The board of directors of Airports of Thailand’s (AOT) yesterday approved the master plan for the development of Chiang Mai airport. The project will be carried out in two phases. The first, set for 2016 to 2025, is aimed at boosting the airport’s passenger capacity to serve 18 million travelers a year. In the second phase, from 2026 to 2030, the capacity will be further increased to serve 20 million passengers per year, of which 8 million will be international passengers and 12 million domestic travelers. (The Nation, 26/5/16)
Comment: And the monopoly will continue growing, interesting fact learnt last night, Thailand has ~30-40 mn visitors p.a., Spain has ~70mn. 
 
EGCO
EGCO expects to book revenue from Khanom power plant unit 4 in 3Q16 and expects to start commercial operations on June 19, 2016. The Chaiyaphum wind farm is expected to start up in late 2016. It plans to expand its business abroad, with an eye especially on the Philippines. It plans to cooperate with a partner to invest in a battery storage electrical system. (Kao Hoon, 26/5/16)
EPG
EPG expects 2017 revenue to grow to Bt10bn supported by continued growth in its overall business. Government projects will increase construction materials demand. It expects the board to approve new investment. (Thun Hoon, 26/5/16)
Comment: But the driver is still going to be the shift from metal based materials on automotives to plastic based. 
 
FN
FN sent filing to the SEC for an IPO of 250 million shares. It plans to expand its branches and renovate old branches. (Thun Hoon, 26/5/16)
GOLD
GOLD expects 2Q16 to be good supported by property tax incentives. It expects 2016 revenue will hit its target of Bt9.7bn supported by more demand. It plans to build a condo and open 12 new projects. This will increase its backlog from Bt4bn. (Thun Hoon, 26/5/16)
Comment: Their issue, just as we have already seen with PS, is that there is a certain limitation to how far a property company can grow in Thailand as Bangkok is the only real targetable market.
 
GUNKUL
GUNKUL plans to acquire a company that has a solar farm PPA. It expects to get 150MW this year. It expects more revenue in 2H16. It plans to increase its revenue target of Bt5.8bn in 3Q16. (Thun Hoon, 26/5/16)

Continue reading Stocks in the news (aot, egco, epg, fn, gold, gunkul, lit, nncl, pf, preb, ps, sappe, tcc, tmill) 26.05.16

Stocks in the news (anan, atp, color, gunkul, inet, jas, jmt, ktis, ncl, phol, ptg, richy, sena, singer, tkn, tmill, vgi, xo) 18.03.16

ANAN
ANAN has achieved Bt3.6bn in presales from Aston Silom Condo (60% of total). It is interested in joining the “Baan Pracharat” project. It targets 2016 sales of Bt21bn. (Khao Hoon, 18/03/16)
Comment: According to management, they are going to report slower pre-sales than before because they’ll hold some inventory to make more $

ATP
ATP targets 2016 revenue of Bt310mn (15% growth). It is talking with four clients, with a decision expected by 2Q16. This will increase its clients to 30. It has put off its plan to acquire a hazardous waste handler. (Khao Hoon, 18/03/16)

COLOR
COLOR targets 2016 revenue to grow 7-8%, backed by numerous orders. It expects exports to comprise 20%, focusing on ASEAN, Australia, and Europe. (Khao Hoon, 18/03/16)

GUNKUL
GUNKUL reports its subsidiary that is engaged in the wind power business began operations at its wind power plants (Sub-Plu Wind farm1&2) on March 17. (Khao Hoon, 18/03/16)

INET
INET expects to benefit from government IT plans in 2Q16 including village internet, digital economy, 4G, and educational and corporate Internet. It expects to get cloud solutions and data center projects. It expects new clients to reach 700 companies. It expects 2016 revenue to be higher than Bt800mn. (Thun Hoon, 18/03/16)
Comment: The digital economy story has gone quiet for a while but companies such as INET, ILINK and even WHA are going ahead with building data centers.

Continue reading Stocks in the news (anan, atp, color, gunkul, inet, jas, jmt, ktis, ncl, phol, ptg, richy, sena, singer, tkn, tmill, vgi, xo) 18.03.16

Stocks in the news (ccp, ecf, gold, nch, ptg, sappe, super, stec, tmill, tpch, tsr, tvd, tvo, vng, xo) 08.02.16

CCP
CCP expects public projects to fill its backlog this year after orders for motorway projects are added to its backlog. It expects to get private projects, which will increase its gross margin to 5%. It expects the Thai-China dual-track project to progress. (Thun Hoon, 08/02/16)

ECF
ECF expects solar farm ECF-Tamado Energy GK in Japan to contribute revenue soon after operational startup. For the furniture business, it expects to expand its market at home and abroad by increasing distribution channels. It expects revenue from its core business to grow 10- 12%. For its retail business, 100 Yen Can do, It plans to open booths in 10 department stores. (Thun Hoon, 08/02/16)

GOLD
GOLD plans to set up Bt10bn REIT, selling Sathorn Square and Park Venture into it. It expects a decision to be made by 1Q16. It expects this to gain Bt4.5bn in cash. It expects its FYI office center to contribute Bt631mn in revenue in this year. (Thun Hoon, 08/02/16)
Comment: That’s slightly inaccurate reporting, it’s UV and GOLD together setting up a REIT and it should be completed shortly.

NCH
NCH expects 1Q16 earnings to be good, backed by property incentives. It targets 2016 revenue of Bt2bn driven by transfers. It plans to launch a Bt2bn new project. (Thun Hoon, 08/02/16)
Comment: Arguably this is the last decent quarter that developers may show profit wise for the year, although given that pre-sale launches were minimal over the past 2 years since the coup, some are betting that we’ll begin to see huge presale #’s this year.

Continue reading Stocks in the news (ccp, ecf, gold, nch, ptg, sappe, super, stec, tmill, tpch, tsr, tvd, tvo, vng, xo) 08.02.16

Stocks in the news (ap, beauty, becl, bmcl, bem, cbg, ck, daii, demco, ea, eastw, ifec, jsp, mono, ncl, planb, samart, seafco, sprc, tfg, tmill, ureka) 09.12.15

AP
AP and Mitsubishi launched Life Pinklao project, valued at Bt3.1bn on Nov 21. It expects this to achieve presales of 40% by this year. It expects this to support demand for premium condo in this location. (Khao Hoon, 09/12/15)

BEAUTY
BEAUTY expects 4Q15 earnings to peak on seasonality and large orders. It expects 2015 revenue to grow 20% from 2014’s Bt1.38bn thanks to a broader customer base both local and overseas. Management plans to introduce a new business plan in January 2016. (Thun Hoon, 09/12/15)
Comment: And they continue to buck the trend by posting great SSSG numbers

BECL/BMCL The cabinet has approved the amalgamation of BECL and BMCL with a new ticker, BEM. BECL will hold a joint shareholder meeting (BECL-BMCL) on Dec 28. Trading in BECL and BMCL shares will be suspended from Dec 21-30. (Thun Hoon, 09/12/15)
Comment: I am absolutely curious to see if BEM will become a must have investment for institutional investors, it just sounds right.

CBG
CBG is talking to a prospective partner in Indonesia which it expects to finalize in 1Q16. It expects this to increase its exports. It expects 2015 net profit to mark a new high backed by numerous orders. It expects 2016 revenue to grow 10% from this year. (Thun Hoon, 09/12/15)
Comment: We’ve heard this story before….ICHI, SAPPE, “we’re expanding to indonesia and growth will be amazeballs” Neither of the two have exactly panned out just yet, such things take years of development and marketing

CK
CK bids lowest for Bt23.4bn dual-track project (Jira – Khon Kaen). It expects to sign the contract with the SRT this year, as well as the Chachoengsao – Kang Koi dual-track project. It expects the SRT to ask approval from the cabinet on Dec 15. (Khao Hoon, 09/12/15)
Comment: They are carving up the pie nicely, first STEC, now CK, so now its either ITD or UNIQ that wins the next project

Continue reading Stocks in the news (ap, beauty, becl, bmcl, bem, cbg, ck, daii, demco, ea, eastw, ifec, jsp, mono, ncl, planb, samart, seafco, sprc, tfg, tmill, ureka) 09.12.15

Stocks in the news (akr, aot, cwt, intuch, ilink, jmt, kiat, lpn, pf, samart, smpc, takumi, ticon, tmill, tu, vng, vgi, wha) 16.10.15

AKR
AKR expects 2016 revenue of Bt3.2bn (+60%) on the back of alternative energy and government projects (moving cables underground). It expects this to increase demand for transformers. It is talking to a prospective partner to invest in alternative energy. It plans to invest in 20MW agricultural solar. It plans to bid for a transformer project in Brunei and Malaysia. (Thun Hoon, 16/10/15)
AOT
AOT plans to put expansion Phase 2 of Suvarnabhumi up for bid. It plans to ask approval from its board on Oct 21 for the TOR for two contracts. It expects bidding to open by December. It expects to put three other contracts up for bid next year. (Thun Hoon, 16/10/15)
CWT
CWT expects to show net profit in 3Q15 from 2014’s net loss of Bt1.7mn backed by high orders and the baht depreciation. It expects 2015 revenue of Bt1.2bn on the back of transfers. (Thun Hoon, 16/10/15)
INTUCH
INTUCH expects profit growth of 6% to reach Bt11.8bn in 9M15 even if profit in 3Q15 slips 4% to Bt3.6bn after ADVANC’s profit fell to Bt3.4bn and THCOM’s profit fell to Bt286mn. (Kao Hoon, 16/10/15)
ILINK
ILINK expects profit in 9M15 of over Bt231mn or growth of 68% supported by profit in 3Q15 of Bt63mn derived from distributor and telecom businesses. (Kao Hoon, 16/10/15)
Comment: Again because of the shift in the telco industry and Thailand’s need to improve its IT infrastructure, ILINK is going to be one of the major beneficiaries.

Continue reading Stocks in the news (akr, aot, cwt, intuch, ilink, jmt, kiat, lpn, pf, samart, smpc, takumi, ticon, tmill, tu, vng, vgi, wha) 16.10.15

Stocks in the news (Age, aira, beauty, bh, bsbsm, cpf, emc, hydro, mfec, mtls, preb, ppp, ps, samart, sena, stec, tipco, tmill, tpark, ttw, vibha) 01.10.15

AGE
AGE plans to implement cost control and focus on local industries especially those that have high demand for power. It expects local sales to grow 20% from 2014’s Bt3.58bn. Management expects 3Q15 earnings to recover thanks to cost control. It expects to show net profit in year. (Thun Hoon, 01/10/15)
AIRA
AIRA expects to show net profit in 2H15 from net loss in 1H15 of Bt37.8mn backed by the securities business. It plans to acquire other businesses to diversify (power business, leasing, insurance) which are expected to be clear in 2016. It has set up subsidiary “AIRA Property” to invest in rental business. (Thun Hoon, 01/10/15)
Comment: AIRA is continuing along its aim to become an investment holdco. 
BEAUTY
BEAUTY plans to increase its distribution channels. It targets revenue to grow 27-30% within three years. (Thun Hoon, 01/10/15)
Comment: It’s a business I just don’t understand, and I still don’t see where their competitive advantage comes from other than pure pricing. 
BH
BH plans to set up diagnosis centers in Cambodia, Laos, United Arab Emirates, and Qatar after Myanmar. It has budgeted Bt11bn to invest in a second hospital. It is confident 2015 revenue will grow 10% from 2014’s Bt16bn. (Thun Hoon, 01/10/15)
Comment: BH is expanding! A first since the Asian Financial Crisis. 

Continue reading Stocks in the news (Age, aira, beauty, bh, bsbsm, cpf, emc, hydro, mfec, mtls, preb, ppp, ps, samart, sena, stec, tipco, tmill, tpark, ttw, vibha) 01.10.15

Stocks in the news (acd, aot, asimar, bsbm, crane, ea, irpc, lpn, mcs, pae, ple, sena, siri, bts, spali, star, tisco, tmill) 23.07.15

ACD
ACD targets 2015 revenue of Bt800mn with net profit backed by higher property transfers. It is talking to a prospective partner in China to invest in property development at tourist attractions in Thailand. (Khao Hoon, 23/07/15)

AOT
AOT expects bidding for Suvarnabhumi phase 2 be in February 2016. Total bids are valued at Bt43bn. Management is confident the plan will proceed as planned with operations starting in 2019. (Khao Hoon, 23/07/15)
Comment: At least this expansion is going ahead.

ASIMAR
ASIMAR expects 2Q15 earnings to surge 2,700% on booking revenue from Port Authority of Sihanoukville and Tourism Thailand. 3Q15 profit is expected to rise backed by upcoming bids and increasing demand for ship maintenance service. It expects 2015 earnings to mark a record high. Investors are interested in a takeover at Bt4 per share. (Thun Hoon, 23/07/15)

BSBM
BSBM expects to show net profit in 2Q15 from 1Q15 losses of Bt43.07mn aided by implementing cost control. It expects 2015 sales of 100,000 tons backed by large orders and the sale of all high cost products. (Thun Hoon, 23/07/15)
Comment: Never cared much for this company nor the industry that it operates, every steel co has suffered, is suffering and will continue to suffer.

CRANE
CRANE is confident 2015 revenue will achieve target 4% growth. It expects a Bt100mn acquisition to be concluded in 3Q15. It expects business to continue to trend up in the rest of the year aided by government projects investment. (Khao Hoon, 23/07/15)
Comment: In theory they should benefit tremendously, demand for Cranes should sky rocket over the coming years.

Continue reading Stocks in the news (acd, aot, asimar, bsbm, crane, ea, irpc, lpn, mcs, pae, ple, sena, siri, bts, spali, star, tisco, tmill) 23.07.15

Stocks in the news (bwg, cpf, gfpt, kcm, lpn, nusa, oto, ptt, rs, sena, takuni, tcj, thai, thani, tmill, tpch, tuf) 17.06.15

BWG
Investors from Qatar are interested in BWG shares due in recognition of its strong fundamentals from waste power plant. Management says 2H15 performance will be good. It expects 2015 revenue of Bt1.5bn. It expects to book revenue from 9.4MW waste power plant next year. (Thun Hoon, 17/06/15)
Comment: How did this strange company all of a sudden become a darling? Simple the waste-to-energy power plant business has fantastic returns

CPF
CPF expects shrimp business recovery in 3Q15 supported by high season and a weak baht. It plans export shrimp to China. (Thun Hoon, 17/06/15)

GFPT
GFPT’s profit in 2Q15 is expected to be better than 1Q15, benefitting from increasing in chicken price. It expects 10-15% export growth this year. It plans to expand abroad. (Thun Hoon, 17/06/15)
Comment: At the right price this is an amazing buy, great chicken company.

KCM
KCM plans to expand its steel roof customers into the Philippines and expects to finish the deal this year. It plans to push the container office project to get more margin. It expects to get Bt6mn after warehouse for rent in Chiang Mai finished its deal. It expects revenue growth of 15- 20%. (Thun Hoon, 17/06/15)

Continue reading Stocks in the news (bwg, cpf, gfpt, kcm, lpn, nusa, oto, ptt, rs, sena, takuni, tcj, thai, thani, tmill, tpch, tuf) 17.06.15