Tag Archives: tpipl

Stocks in the news (ap, ckp, delta, ksl, mc, mjd, pm, prin, q-con, rjh, spa, tcmc, tpipl, trt, tu, wha) 22.09.16

AP
AP is confident that low-rise project revenue and presales will hit target. It reports revenue from low-rise of Bt6.14bn in 1H16 and will realize Bt5.68bn in 2H16. (Thun Hoon, 22/09/16)
CKP
CKP expects profit of Bt300mn in 2H16 supported by more capacity from Nam Ngum 2. (Kao Hoon, 22/09/16)
Comment: Now would they consider flipping this into an infra REIT? Are the rules there by the SEC for this happen?
 
DELTA
DELTA has received more orders, which will support 2H16 earnings. It maintains its target revenue growth of 10% from last year backed by customer expansion. It has budgeted Bt1.12bn to set up a production base and R&D facility in India. (Thun Hoon, 22/09/16)
KSL
KSL expects 4Q16 earnings to be good supported by a surge in sugar price and the rise from bottom for its ethanol business. It plans to bid for a biomass power plant contract. (Thun Hoon, 22/09/16)
Comment: The only thing driven these names are the sugar prices
 
MC
MC expects 2H16 revenue to be good supported by campaigns and high season. It is confident that 2016 revenue will grow 15%. It has a plan to add 1 branch in Laos. (Kao Hoon, 22/09/16)
Comment: I still think that they have one of the worst inventory days turnover that I’ve seen amongst nearly every retailer in the region.

Continue reading Stocks in the news (ap, ckp, delta, ksl, mc, mjd, pm, prin, q-con, rjh, spa, tcmc, tpipl, trt, tu, wha) 22.09.16

Stocks in the news (aq, bcpg, dimet, drt, ilink, itel, loxley, ori, prin, pttgc, smpc, sr, tacc, tpch, tpipl, ureka) 14.09.16

AQ
AQ sold 100% of AQ ALIX which generated revenue of Bt670mn. It plans to launch a new housing project at the end of 2016. (Kao Hoon, 14/09/16)
BCPG
BCPG set its IPO price at Bt10, the top in the price range, in response to good institutional investor interest. It expects to trade in September. (Thun Hoon, 14/09/16)
Comment: I am curious to see how this shall perform on the first day.
 
DIMET
DIMET plans to wipe out retained losses of Bt17mn and expects pay a dividend of no less than 40% of net profit. It plans to cooperate with a construction company to expand its customer base. It has big orders from China and the Philippines that will increase revenue to Bt800mn. It plans to do a 20MW solar farm. (Thun Hoon, 14/09/16)
Comment: People love a good turnaround, newly dividend paying stock. 
 
DRT
DRT has cut its target 2016 revenue to Bt4.17bn in response to the slowdown in the construction materials industry. However, it is confident that net profit will be better than last year’s Bt330mn due to better cost management. It has budgeted Bt500-600mn to increase capacity. (Kao Hoon, 14/09/16)
ILINK
ILINK got a job from PEA worth Bt309mn. It expects to get a job to lay fiber-optic lines for a substation worth Bt620mn and a job from the MEA to move electric wiring underground and well as laying underwater cable to Koh Samui. This will lift its backlog from Bt1.1bn. (Thun Hoon, 14/09/16)
Comment: Now the story is effectively done for ILINK for the next few quarters as the IPO of the subsidiary is done and even they themselves have said this is every project that they expected to win this year 

Continue reading Stocks in the news (aq, bcpg, dimet, drt, ilink, itel, loxley, ori, prin, pttgc, smpc, sr, tacc, tpch, tpipl, ureka) 14.09.16

Stocks in the news (bay, bjchi, com7, delta, drt, eason, hmpro, kbs, modern, ndr, nwr, pttep, richy, scc, scn, sgp, super, tpch, tpipl, true) 27.04.16

BAY
BAY expects auto loans to grow 3% to Bt262bn despite a slowdown in new loans. It is looking for a partner to expand into loans for used cars. (Thun Hoon, 27/04/16)
Comment: I can see BAY actually taking away market share from TCAP in this. 
BJCHI
BJCHI will pay dividend of Bt0.5/share, payment on May 19. It took part in Bt6.5bn in bids, and expects the results to be announced in 2Q16. (Thun Hoon, 27/04/16)
COM7
COM7 signed a contract with TRUE to operate 166 True shops in BIGC and Tesco. It expects 2016 revenue to hit Bt17bn with net margin of 3%. (Khao Hoon, 27/04/16)
Comment: New iphone, new macbook, and now a new deal. I’m banging my head against the wall.
DELTA
DELTA reported 1Q16 earnings of Bt1.25bn (+19%) because of lower sales in embedded power supplies and higher expense. (Khao Hoon, 27/04/16)
Comment: It appears that nearly every electronics manufacturing company in the region will have rather weak growth for the foreseeable future

Continue reading Stocks in the news (bay, bjchi, com7, delta, drt, eason, hmpro, kbs, modern, ndr, nwr, pttep, richy, scc, scn, sgp, super, tpch, tpipl, true) 27.04.16

Stocks in the news (ircp, lit, mega, richy, samco, solar, stpi, takuni, tog, tpch, tpipl, tvo) 11.04.16

IRCP
IRCP expects 2016 revenue and net profit to grow 50% because it plans to take part in Bt5bn bids. It expects winners of the Bt1bn in public projects up for bids to be announced soon. It expects to complete a deal (investing in E-commerce) with a Korean investor in 2Q16. (Khao Hoon, 11/04/16)
LIT
LIT will pay dividend of Bt0.18/share, XD on April 25. It targets no less than 30% growth in loans, revenue, and net profit in 2016. (Khao Hoon, 11/04/16)
MEGA
MEGA expects 2Q16 earnings to grow 5-10% aided by increasing sales. It plans to launch seven new products this year. It is budgeting Bt540mn to invest in a distribution center in Myanmar. (Khao Hoon, 11/04/16)
Comment: And yet their growth hasn’t really materialised. I still like their distribution business in Myanmar and this should pay off for them in the future but for now things don’t look exciting.
RICHY
RICHY plans to launch The Rich condo at Nana in May, valued at Bt3.7bn. It expects its good location to be a strength. It will hold a roadshow in Bahrain in May. (Khao Hoon, 11/04/16)

Continue reading Stocks in the news (ircp, lit, mega, richy, samco, solar, stpi, takuni, tog, tpch, tpipl, tvo) 11.04.16

WHTW: Top 10

  • B90bn set aside to aid rural areas — The government is poised to earmark 90 billion baht to support local development and ease the impact of the drought and slowing economy in rural areas. (Bangkok Post, 18/3/16)
  • 2-in-1 strategy in bid to ease new tax pain – Draft bills on the new personal income tax structure and on the land and buildings tax will go before cabinet for approval simultaneously, finance permanent secretary Somchai Sujjapongse says, in a move intended to ease public anxiety over the tax burden. (Bangkok Post, 14/03/16)
  • Government approved investing Bt110bn in Pink and Yellow lines. This is good news for CK, SEAFCO, UNIQ, SCC, and TPIPL. (Thun Hoon, 14/03/16) Ministry readies Red Line deal – The Transport Ministry is planning to sign a contract with a private consortium for the Red Line railway connecting Bang Sue to Rangsit at a cost of 32.3 billion baht. (Bangkok Post, 14/03/16)
  • U.S. Budget Deficit $192.6 Billion in February – The U.S. budget deficit was little changed in February, leaving the gap between government spending and revenue near a seven-and-a-half year low. The government ran a $193 billion deficit in February, a month in which expenditures typically exceed revenue as tax refunds are mailed. That was up only slightly from a $192 billion deficit last February, the Treasury Department said Thursday in its monthly report. (WSJ, 10/03/16)
  • Continue reading WHTW: Top 10

Stocks in the news (advanc, anan, cho, dcc, kcm, kkp, nwr, paf, sawad, scn, smpc, tmi, tog, tpc, tpipl, twz, vnt) 27.01.16

ADVANC
ADVANC is budgeting Bt40bn to expand its 4G network. It targets to cover all 77 provinces with 14,000 base stations in two months. It is confident it can secure its customer base. It expects to complete the deal with TOT by 1Q16. (Thun Hoon, 27/01/16)
Comment: And all signs are still pointing up for ADVANC despite the fact that it’s stock price is still some 30% below its peak

ANAN
ANAN expects 4Q15 to grow more than 500% from 3Q15’s Bt161mn on the back of transfers for two condominiums. It expects 2016 net profit to reach Bt1.6bn driven by numerous transfers. (Thun Hoon, 27/01/16)
Comment: No surprise here…and just watch their 2016 growth

CHO
CHO received orders for five catering trucks from customer in UAE, valued at Bt40mn. Delivery is to be in mid-2016. It expects to get 15 more orders, all of which will provide 10% revenue growth this year. (Khao Hoon, 27/01/16)

DCC
DCC expects 2015 net profit of Bt1.3bn with Bt7.1bn sales. Its board has approved a dividend payment of Bt0.05/share, XD on Feb 26. (Khao Hoon, 27/01/16)

KCM
KCM is talking to a Chinese partner about importing solar cells. It expects this to generate Bt50-100mn revenue. It plans to set up a steel rolling mill in Cambodia. It expects to list its subsidiary on the Cambodian stock exchange. It expects 2015 performance to be good despite the economic slowdown. (Thun Hoon, 27/01/16)

Continue reading Stocks in the news (advanc, anan, cho, dcc, kcm, kkp, nwr, paf, sawad, scn, smpc, tmi, tog, tpc, tpipl, twz, vnt) 27.01.16

Stocks in the news (19.10.15)

Names today: arrow, ba, big, com7, irpc, kcm, lit, nusa, spa, synex, syntec, thcom, tog, tpipl

ARROW
ARROW expects 3Q15 earnings to be good backed by expansion of industry and government investment. It expects this to raise 2015 net profit to Bt248mn (+32%). (Khao Hoon, 19/10/15)
Comment: One of the few companies that have consistently shown earnings growth this year.

BA
BA expects 2016 revenue to grow 10-15% to a record high net profit. It plans to open two routes to Vietnam. It is talking to three prospective partners. 2015 cabin factor is 68-69% which is lower than expected, affected by the economic crisis in Europe. (Khao Hoon, 19/10/15)
Comment: BA’s value as a business is still effectively it’s control over Samui and we’re still waiting to see if they can truly become a regional airline, in addition to this they still have that huge stake in BDMS

BIG
BIG expects 2015 revenue to grow not less than 10% backed by growth in demand for mirrorless cameras. It maintains its targets of 10% revenue growth and 20% gross margin next year. It expects to pay dividend if shareholders approve a restructuring plan to reduce capital. (Thun Hoon, 19/10/15)
Comment: With mobile phones now replacing (or for a while already) replacing cameras I do doubt the long term viability of this company

COM7
COM7 expects 4Q15 earnings to mark a record high on the back of launching iPhone 6S and iPhone 6s Plus. It expects exports to increase aided by seasonality. It plans to invest in new business for risk diversification. (Thun Hoon, 19/10/15)
Comment: It does feel like this company should be an annual trade i.e. every time a new iphone comes out buy.

Continue reading Stocks in the news (19.10.15)

Stocks in the news (ap, brr, bwg, emc, epco, ilink, kc, major, pps, sppt, ssi, tpipl, uwc, win) 22.09.15

AP
AP expects 2H15 backlog of Bt14.47bn, of which Bt8.47bn is expected to be booked this year. It expects 2015 revenue of Bt25.3bn as it has achieved Bt20.9mn. (Khao  Hoon, 22/09/15)
BRR
BRR plans to issue a Bt2bn 2-year debenture. It expects to use the cash from this to increase capacity to 23,000 tons/day. (Khao Hoon, 22/09/15)
Comment: Every company should be issuing debentures to take advantage of this low interest rate environment. 
BWG
BWG expects M&A to be finalized soon. It is ready for new machinery for the waste power plant which is expected to supply electricity next year. It expects 2H15 earnings to be good on the back of high demand. It expects 2015 revenue to grow 15% as targeted. (Thun Hoon, 22/09/15)
EMC
EMC has launched Palmio Amata Nakorn condo which targets workers in Amata industrial estate. It expects to recognize Bt261mn revenue in 4Q15. (Thun Hoon, 22/09/15)
EPCO
EPCO expects to get a 600MW cooperative solar farm project. It expects a 15MW Japanese solar farm to be finished and supply electricity in 3Q15. It expects 2015 revenue to grow 10% and net profit to grow 15%. (Khao Hoon, 22/09/15)
Comment: EPCO does have quite the professional team targeting renewable projects, no surprise in their ability to win projects

Continue reading Stocks in the news (ap, brr, bwg, emc, epco, ilink, kc, major, pps, sppt, ssi, tpipl, uwc, win) 22.09.15

Stocks in the news (bch, bdms, fsmart, kkp, ktb, ml, mtls, nch, nusa, robins, s, samart, scc, sf, sithai, smpc, super, tk, top, tpipl, tsr, vgi, vte) 04.09.15

BCH
Mid-east investor interested in BCH shares as it is a small-cap with strong fundamentals. It expects this deal to expand customers from the Middle East. (Thun Hoon, 04/09/15)
Comment: A mini BH in the making perhaps?

BDMS
BDMS reports that G. Wasupol Co Ltd has transferred its business to BDMS. It plans to add more three hospitals. (Khao Hoon, 04/09/15)
Comment: Issue for BDMS is that growth is going to look smaller b/c of its scale

FSMART
FSMART’s management accused of corruption by former shareholder. It expects this to be in the courts this month. (Khao Hoon, 04/09/15)
Comment: Then perhaps that shareholder should sue every past government in Thailand’s history as well.

KKP
KKP expects loans growth to drop because of the sluggish economy. It expects to have to make extra provisions. It targets 2015 NPLs of 6%. It does not plan to open new branches after closing 24 branches but expects to focus on service improvement. (Thun Hoon, 04/09/15)

Continue reading Stocks in the news (bch, bdms, fsmart, kkp, ktb, ml, mtls, nch, nusa, robins, s, samart, scc, sf, sithai, smpc, super, tk, top, tpipl, tsr, vgi, vte) 04.09.15

Stocks in the news (bbl, bjchi, csp, eforl, ilink, itd, ktc, live, mcs, nch, plat, pylon, rojna, smpc, svi, tae, tasco, tk, tpch, tpipl, tsr) 20.08.15

BBL
BBL says its loans grew less than its target of 3% affected by economic slowdown. Credit card spending for the first seven months grew 13-14% from target of 10%. It added 200,000 new credit card members. (Thun Hoon, 20/08/15)
Comment: Strange to see BBL finally pushing into the consumer market with its credit cards, as if the Bangkok market was oversaturated enough as it is.

BJCHI
BJCHI expects 2H15 revenue to be better than 1H15 backed by transfers and Bt6bn in bids. (Khao Hoon, 20/08/15)

CSP
CSP targets 2015 revenue of Bt3.2bn. It plans to improve production efficiency. It is talking with a prospective partner to invest in the construction business. (Khao Hoon, 20/08/15)

EFORL
EFORL plans to list Wuttisak to obtain funds to repay its debt of Bt3.4bn. It expects 2015 revenue of Bt4.2bn after achieving Bt2.2bn in 1H15. 1H15 net profit reached Bt153mn (+54%). (Khao Hoon, 20/08/15)
Comment: Interesting but its still trading at a rather ridiculous valuation of THB 9 bn

ILINK
ILINK expects 2015 net profit of Bt300mn on the back of higher sales. It plans to bid for Bt5-6bn in projects which it hopes will raise backlog from Bt150mn. It plans to list a subsidiary on mai. (Thun Hoon, 20/08/15)
Comment: The positive news for ILINK comes from the supposed digital economy, it’s shift to the SET from the MAI and the listing of it’s subsidiary

Continue reading Stocks in the news (bbl, bjchi, csp, eforl, ilink, itd, ktc, live, mcs, nch, plat, pylon, rojna, smpc, svi, tae, tasco, tk, tpch, tpipl, tsr) 20.08.15