Tag Archives: tsf

Stocks in the news (aot, beauty, chewa, ivl, nch, nwr, pttgc, ratch, samart, sithai, smart, ticon, tks, tsf, auct) 13.09.16

AOT
AOT opening bidding for four contracts for Suvarnabhumi Phase ll. It expects to solicit bids for two contracts this year and will sell the bidding documents in October. It expects to raise its passenger capacity to 60mn passengers per year from 45mn passengers per year now. (Thun Hoon, 13/09/16)
Comment: Having just returned from JKT on the late night flight you can see both the arrival and departure halls bustling with passengers. I would be surprised to see capacity issues hitting AOT within the next 12 months 
 
BEAUTY
BEAUTY expects 3Q16 earnings to be good, supported by more demand. It expects 2016 revenue to grow no less than 20% from Bt1.79bn in 2015. There is progress in talks regarding distributors in Hong Kong and Taiwan and it expects a decision in 4Q16. (Thun Hoon, 13/09/16)
CHEWA
CHEWA targets three-year revenue growth of 20% annually, supported by developing new projects and buying property projects that already have their EIA. It plans to launch its first lowrise project worth Bt500mn at the end of October. (Kao Hoon, 13/0 9/16)
Comment: Its an interesting smaller property developer. But as always with this business model, scalability is an issue
 
IVL
IVL has closed the deal for a JV with Dhunseri Petrochem Limited in India. This will lift PET capacity to 700K tons per year, making it India’s second-largest producer. (Thun Hoon, 13/09/16)
Comment: Another acquisition, he’s well on his way to catching up to Reliance, but is such a strategy necessarily good for minority equity shareholders?
 
NCH
NCH launches single-house project worth Bt680mn and has sold 24 units worth more than Bt78mn. (Kao Hoon, 13/09/16)

Continue reading Stocks in the news (aot, beauty, chewa, ivl, nch, nwr, pttgc, ratch, samart, sithai, smart, ticon, tks, tsf, auct) 13.09.16

Stocks in the news (asefa, bcp, big, bwg, fsmart, lhbank, malee, pca, pttep, ptg, pylon, siam, sr, tsf) 29.01.16

ASEFA
ASEFA expects its new plant to run this February. This plant will raise its capacity by 50%. It plans to open five more after-sales service centers to handle upcoming large orders. (Thun Hoon, 29/01/16)
Comment: Well the question will turn to utilisation rates, its a new ipo, not much of a public market track record and we still have many questions about it.

BCP
BCP expects 2015 net profit to be over Bt4.1bn (500% growth) despite net loss of Bt99mn in 4Q15 from stock and impairment loss. (Khao Hoon, 29/01/16)

BIG
BIG targets 2016 revenue to grow 10% by offering photography services and solutions. It plans to provide another service, printing photos from mobile phones, targeting the youth. It plans to pay a dividend on its robust 2015 earnings. (Thun Hoon, 29/01/16)
Comment: They say that 1) Margins are stable 2) Growth comes from consumers actually wanting to use cameras and the change in consumer behaviour; I say 1) Ok 2) Don’t see it ccontinuing

BWG
BWG targets 2016 revenue growth of 10-15% backed by increasing waste income. It is working with EGAT to invest in a waste power plant. It plans to cooperate with IEAT to invest in IE for alternative energy, with a decision to be made by April. Foreign investors are interested in its shares via PP. (Khao Hoon, 29/01/16)
Comment: It would be interesting to see how this company develops….if everything they say is true then there could be a decent amount of upside available. No idea why they would need a PP give that their capital base seems solid

FSMART
FSMART targets 90,000 Boon-Term Top-Up machines by the end of this year. It expects these to contribute Bt21bn revenue in 2016. It expects to offers a new platform for its Top-Up machines to make them more user friendly. (Thun Hoon, 29/01/16)
Comment: Just amazeballs

Continue reading Stocks in the news (asefa, bcp, big, bwg, fsmart, lhbank, malee, pca, pttep, ptg, pylon, siam, sr, tsf) 29.01.16

Stocks in the news (30.10.15)

Names today: ACAP, COM7, CPN, IFEC, CPN, CSP, IFEC, JAS, KC, NUSA, ORI, PE, RCI, SAMART, SENA, SMART, TSF

ACAP
ACAP expects to show net profit next year on the back of loan extensions and cost control although this year may have a net loss. It is working with AJD to invest in an online loan machine valued at Bt400mn. It plans to acquire more debt to increase its debt collection portfolio. (Thun Hoon, 30/10/15)
Comment: We do wonder who the new shareholders are in ACAP and what their plans will be with this entity in the future

COM7
COM7 expects to show net profit in 4Q15 backed by 4G auction and iPhone6-plus launch. It expects 2015 revenue to achieve its target. It expects 2016 revenue to grow 5%. It plans to open more branches to expand to the SME market. (Thun Hoon, 30/10/15)
Comment: So, wait for the price to decline and buy again when the iPhone 7 releases?

CPN
CPN plans to expand to Myanmar. It targets to open hotel and department stores to cover AEC. It expects 2016 revenue to grow 10-15% backed by tourism. (Thun Hoon, 30/10/15)
Comment: The family already has a foothold there, so this is just a natural extension of the group’s overall business

Continue reading Stocks in the news (30.10.15)

Stocks in the news (auct, banpu, cpf, dtac, ea, emc, genco, ifec, irpc, ivl, jmt, kbank, kcm, match, nusa, pf, planb, pstc, samco, saad, tgpro, tsf) 07.04.15

AUCT
AUCT revealed that it is studying the business potential abroad. If it is feasible it will begin the business by early 2016 and expects this could contribute 10% to its revenue. Management expects 1Q15 performance TO be strong with revenue growth of 20-40% YoY in 2015. (Thun Hoon, 07/04/15)
Comment: Still my biggest regret of last year with their amazing growth, but I’m now continually shaking my head at its valuation

BANPU
BANPU targets equity-based electricity generating capacity to reach 4,000MW by 2020, up from 1,800MW. This business will be its key growth driver for revenue and profit. (Thun Hoon, 07/04/15)

CPF
CPF concerned about lower purchasing power in Thailand which could be the worst among the 13 countries in which it has invested. The company expects acceleration of government budget disbursement to stimulate domestic demand and on this basis maintains its expectation of 10% revenue growth in 2015. It also targets more revenue from overseas business to reach Bt700bn in the next five years, accounting for 60% of total revenue. More M&A in Russia can be expected with an investment budget of Bt15-20bn per annum. (Krungthep Turakij, 07/04/15)

Continue reading Stocks in the news (auct, banpu, cpf, dtac, ea, emc, genco, ifec, irpc, ivl, jmt, kbank, kcm, match, nusa, pf, planb, pstc, samco, saad, tgpro, tsf) 07.04.15

Stocks in the news (anan, bjc, eastw, emc, gcap, hmpro, hydro, mint, plat, ple, pps, ptt, bcp, sappe, sc, scn, sena, tsf) 27.03.15

ANAN
ANAN expects real estate revenue to reach Bt10.5bn this year backed by large backlog of Bt35bn. It will launch 12 projects worth Bt31.5bn. Its presales were impressive at Bt7.5bn in 1Q15. (Kao Hoon, 27/3/15)
Comment: Again the question for ANAN is how much can operating margins improve. Should they match industry average then the upside is fairly obvious.

BJC
BJC targets revenue growth this year at more than 10% with better net margin than last year. It plans to invest Bt4bn to raise production capacity and production lines. It is also looking for a new acquisition. (Kao Hoon, 27/3/15)
Comment: Well it eventually pushed through the Metro acquisition in Vietnam.

EASTW
EASTW disclosed water sales grew 3-4% in 1Q15 as demand in the eastern region continues growing. It expects total revenue growth of 5-6% plus better margin than last year’s in the light of lower electricity cost. (Than Hoon, 27/03/15)

EMC
EMC continues to take over residential property projects, hoping to generate revenue at a faster pace than investing on its own. It recently acquired Imperial Land (IMP) from UWC worth Bt278mn. Its Station One @ China Town project will be launched and recorded as revenue in 2Q15. (Thun Hoon, 27/03/15)
Comment: Another wannabe property company? As if we don’t have enough of these smaller developers that appear to just be one hit wonders.

Continue reading Stocks in the news (anan, bjc, eastw, emc, gcap, hmpro, hydro, mint, plat, ple, pps, ptt, bcp, sappe, sc, scn, sena, tsf) 27.03.15

Stocks in the news (aav, advanc, bay, dna, gunkul, ircp, kbs, ktc, pps, spali, tsf, tsr) 20.06.14

AAV
AAV’s bookings down 15% due to the coup. The CEO says the airline has seen a significant decline in Chinese clients, but domestic traffic continues to support operations. Khon Kaen, Nakorn Panom, and Naratiwat flights have a load factor of 90%. It will control costs and postpone client base expansion to handle the drop in bookings. It is preparing to cut capacity by more than 15% and will definitely survive. (Khao Hoon, 20/06/14)
Comment: If you think about it, a 15% decrease in bookings despite all the negative news about Thailand, and yet domestic flights are still operating at a 90% load factor, thats not too bad at all!

ADVANC
AIS names new chief executive – Mobile leader Advanced Info Service (AIS) finally named chief marketing officer Somchai Lertsutiwong as its new chief executive after a process lasting several months. His appointment had been expected by many in the company. He has worked at Shin Group including AIS for 23 years. (Bangkok Post, 20/06/14)

BAY
BAY adds Japanese flavour to services – Now that Bank of Tokyo-Mitsubishi UFJ (BTMU) has finished acquiring 72% of Bank of Ayudhya (BAY), the local bank is moving towards attracting Japanese investors by setting up desks with fluent Japanese speakers at select branches. Moreover, the Thai bank plans to open more branches in industrial estates where Japanese work and add the Japanese language to its 5,000 ATMs nationwide this year. (Bangkok Post, 20/06/14)
Comment: Since the BTMU has become the majority shareholder in BAY, its stock price has re-rated to valuations levels similar to SCB and KBANK, is this warranted? Perhaps.

Continue reading Stocks in the news (aav, advanc, bay, dna, gunkul, ircp, kbs, ktc, pps, spali, tsf, tsr) 20.06.14

Stocks in the news (anan, aot, samart, gunkul, ivl, ptt, rml, sccc, svi, thai, tsf) 11.04.14

ANAN

Ananda scales back condo advertising – The SET-listed Ananda Development Plc (ANAN) has capped spending on marketing and advertising at 2.5% of sales, down from 4% last year, as the political turmoil looks set to dampen condo-buying sentiment throughout 2014. (Bangkok Post, 11/04/14)

Comment: The pullback in advertising has been throughout all of Bangkok, hardly any fairs nor sales points in any of the malls.

AOT

Good Songkran travel — AOT expects an 8% rise in passengers and 15% in flights at its six airports during Songkran holiday. It is planning at phase 4 for Don Muang airport at a cost of Bt20bn, a third passenger building connected with the Red and Green lines. (Khao Hoon, 11/4/14)

Comment: Once management improves – there’s no reason why this Airport won’t be number one in the region in terms of volume and quality – same goes for Thai Airways.

SAMART

SAMART says 1Q14 was good supported by higher sales from SIM. It expects higher growth in 2Q14 and 3Q14 with the TV digital business helping support sales. Its subsidiary, One to One Contracts Plc (OTO) will also IPO with 80mn shares at Bt5.40/share. It will start trading on mai on May 15. (Khao Hoon, 11/04/14)

Comments: Brokers (and we) are loving this at the moment. Continue reading Stocks in the news (anan, aot, samart, gunkul, ivl, ptt, rml, sccc, svi, thai, tsf) 11.04.14

Stocks in the news (beauty, bmcl, cnt, scc, siri, tsf) 03.09.13

BEAUTY 

Confident in target — BEAUTY is confident revenues will hit target growth of 30% and said that the economic slowdown will have no impact on its business, with sales in the second half expected to continue to grow, supported by the opening of new branches and launch of new products. The company expects to open new branches in Laos and Vietnam in 4Q13. (Khao Hoon, 03/09/13)

BMCL

Hopes for Purple line contract ok today — BMCL is ready to sign the Purple line contract, hoping for cabinet approval today after it cut its bid down to Bt82.625bn. (Khao Hoon, 03/09/13)

Comment: If you have to choose a mass transit operator then go for BTS instead of BMCL

Continue reading Stocks in the news (beauty, bmcl, cnt, scc, siri, tsf) 03.09.13

Stocks in the news (erw, jas, nine, pylon, ratch, tsf) 27.08.13

ERW
Confident of meeting target growth — ERW is confident that revenues this year will reach its target growth of 15% as the business moves into high season in the second half. Profits grew strongly in 2Q13 after booking extraordinary gains on sale of assets to ERWPF fund. The company is also ready to expand both domestically and internationally. (Khao Hoon, 27/08/13)
Comment: This is a well managed hotel asset owning group, every analyst has similar target prices for it today
JAS
Jasmine to set up fund – Jasmine International is the latest Thai company to launch an infrastructure fund, underlining the increasing popularity of the innovative financing tool. Jasmine reported to the Stock Exchange of Thailand yesterday that its board approved a fund-raising plan via an infrastructure fund listing. The listing is expected to be between Bt50-70bn. Under the plan, Jasmine will sell 610,000 core kilometres of its broadband fibre-optic cable networks, 16,000 access nodes and other cables. (Bangkok Post, 27/08/13)
Comment: Infrastructure funds, property funds, reits, etc etc the investment landscape in Thailand has changed a fair bit in Thailand over the past few years. 

3G beneficiaries

Just received this in my mailbox, its a rather nifty little infographic showing which publicly listed companies in Thailand will benefit from the recent issuance of 3G licenses to the telecom operators.

 

 

Source: Not sure, if someone knows do inform me so I can credit them properly