Tag Archives: tsth

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 (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 (cpall, epco, hmpro, itd, ptt, ratch, salee, super, tacc, tae, tsth, ttw, uv) 04.05.16

CPALL
CPALL expects its net profit to be good brought by SSS growth and 700 new stores. It expects 1Q16 net profit to be no less than Bt3.85bn with Bt102bn sales. It plans to sell MAKRO shares. (Thun Hoon, 04/05/16)
Comment: It does finally look like they are going to do something with their stake in Makro

EPCO
EPCO expects 2016 net profit growth to be higher than 50% as it plans to invest in power plants at home and overseas to bring capacity to 200MW. It plans to list its subsidiary (Eastern Power Group) this year. It targets capacity of 500MW within 2018. Its shareholders approved issuing a Bt2bn debenture. (Thun Hoon, 04/05/16)

HMPRO
HMPRO reported 1Q16 revenue of Bt14.61bn, up 11.57%YoY with Bt866.18mn net profit, up 18.06%YoY. This brought by SSS growth and new stores for both HMPRO and Mega Home. (Thun Hoon, 04/05/16)
Comment: What consumer debt issue??

ITD
ITD signed a contract with the Department of Rural Road to proceed with the construction of the rail overbridge along the Rural Road No. Sor Kor 2032 at Baan Khoke Kham, Amphur Muang, Samut Sakorn Province on Apr 27, valued at Bt405.59mn. (Khao Hoon, 04/05/16)

Continue reading Stocks in the news (cpall, epco, hmpro, itd, ptt, ratch, salee, super, tacc, tae, tsth, ttw, uv) 04.05.16

Stocks in the news (amatav, big, bjchi, daii, gpsc, pca, seaoil, sena, super, thcom, top, tsth, tu) 08.04.16

AMATAV
Vietnam government approved “Super South Vietnam investment Plan” project license. AMATAV has budgeted US$23mn to develop a housing project. It expects to get a license for two projects in 3Q16. It is confident that land sales will reach target of 150 rai. (Thun Hoon, 08/04/16)
Comment: Could there be value here that we haven’t discovered yet? Or will it be a typical AMATA performance with a lot of promises but not much follow through
BIG
BIG got good response to the BIG Camera-BIG Festival event. This led sales up 30-40% YoY. It targets 2016 revenue growth of no less than 10%. It plans to increase its share of the high-end camera market to 65% from 55%. (Thun Hoon, 08/04/16)
Comment: They’ve done an amazing job in boosting their sales
 
BJCHI
BJCHI expects 1Q16 net profit of Bt490mn, growth of 204% supported by continued submission of the TUPI job. It expects to sign for its third TUPI job soon. (Kao Hoon, 08/04/16)
DAII
DAII has budgeted Bt20mn to set up a steel nano factory to supply the ASEAN market in the future. It expects to open two new showrooms. It is confident that 2016 revenue will grow 15% from Bt402mn in 2015 driven by its backlog of Bt1150mn. (Thun Hoon, 08/04/16)

Continue reading Stocks in the news (amatav, big, bjchi, daii, gpsc, pca, seaoil, sena, super, thcom, top, tsth, tu) 08.04.16

Stocks in the news (global, kce, ktc, major, mint, nok, plat, ptt, smg, sprc, ssi, tsth) 17.02.16

GLOBAL
GLOBAL’s 2015 net profits grow 20% from last year’s Bt701mn, driven by numerous orders. It targets 2016 revenue to grow 10%. A plan to invest in Myanmar will be finalized within 1H16 (Thun Hoon, 17/2/16)
Comment: And yet they still have one of the worst inventory turnover’s I’ve seen…

KCE
KCE’s 2015 net profit was Bt2.24bn (+6.2% YoY) with sales growth of 10.3% to Bt12bn. 4Q15 net profit was Bt630mn, hitting a new high. (Khao Hoon, 17/2/16)
Comment: No surprise if you’ve been following this company for the past few years..

KTC
KTC expects to see 2016 financial performance to be in line with 2015. NPL is expected to reduce to 2.1%. It plans to do business aggressively to boost market shares. (Khao Hoon, 17/2/16)
Comment: We’ve said this since last year, the issue for KTC now is no longer operational, its sales, growing revenue and I doubt that they’ll be able to do more than 2x the industry growth rate unless they shift into other products.

MAJOR
MAJOR looks more to non-film revenue – MAJOR will renovate some of its cinemas nationwide in a bid to achieve almost 12% revenue growth from group bookings and events. It expects 11.8% growth in group bookings to Bt190mn this year. It believes this business has great potential despite contributing only a small proportion of total ticket sales. (Bangkok Post, 17/02/16)
Comment: I’ve always liked this company, perhaps for the first time in a while it may be time to relook at it if they can monetise their assets better..

Continue reading Stocks in the news (global, kce, ktc, major, mint, nok, plat, ptt, smg, sprc, ssi, tsth) 17.02.16

Stocks in the news (anan, bcp, ci, cpf, delta, eastw, ecf, epg, hft, k, mtls, pttgc, siam, stpi, tfg, tsth, twpc, wice, wiik) 02.02.16

ANAN
ANAN expects Bt1.8bn cash from transfer of Ideo Mobi Wongsawang Interchange in 3Q16. It expects this to lift 2016 revenue to its target of Bt15bn. (Thun Hoon, 02/02/16)
Comment: Well that’s only a 50% increase in revenue this year..

BCP
BCP has budgeted Bt2.92bn to acquire a 198MW Japan solar power plant. It expects to list its subsidiary by 2016 after its capacity has achieved 410MW. (Thun Hoon, 02/02/16)
Comment: It’s interesting to see that they are acquiring SunEdison Japan…hopefully it won’t be a mess like its recent oil acquisition (pre price drop..)

CI
CI plans to set up a Bt1.4bn REIT. It targets 2016 revenue to grow 15% from last year. (Thun Hoon, 02/02/16)
Comment: Hence why they’ve been engaging in share buybacks

CPF
CPF expects 4Q15 net profit of Bt1.66bn (+106%) aided by Bt1.06bn extra gain from selling CPALL shares, bringing 2015 earnings to Bt11.17bn (5% growth). It expects to pay a dividend of Bt0.45/share. (Khao Hoon, 02/02/16)
Comment: Ohhhh again trading CPALL’s shares has given them a profit!

Continue reading Stocks in the news (anan, bcp, ci, cpf, delta, eastw, ecf, epg, hft, k, mtls, pttgc, siam, stpi, tfg, tsth, twpc, wice, wiik) 02.02.16

Stocks in the news (03.11.15)

Names today:  BEAUTY, CHG, DTAC, INET, IRPC, QTC, NUSA, PAF, SAPPE, SCI, THANI, TSTH
BEAUTY
Beauty expects 4Q15 earnings to be peak on the back of seasonality. It expects 2015 revenue to achieve target of Bt1.7bn (20% growth). It is considering expanding to Asian countries in 2016. It expects this to raise its exports. (Thun Hoon, 03/11/15)
Comment: Given that management continually says the Chinese tourists are one of their biggest customers, it’s no surprise that 4Q should be peak.
CHG
CHG has budgeted Bt200mn to take over a hospital on the outskirts of Bangkok which is expected to be finalized this year. It plans to expand upcountry, with full coverage to handle AEC by 2016. It expects to complete 1-2 deals in 2016. (Thun Hoon, 03/11/15)
Comment: BDMS vs CHG, finally some competition. 
DTAC
DTAC expects 4Q15 earnings to be this year’s highest on seasonality. It has kicked off 4G – 1800MHz (using 10MHz) and 4G-2100MHz (using 5MHz), starting in inner CBD. It expects this to increase 4G subscribers to 2.5mn by the end of this year. (Khao Hoon, 03/11/15)
Comment: Will telenor sell it’s stake? Just wondering aloud if I were to buy DTAC as a company versus just as a dividend play what would I value it at…

Continue reading Stocks in the news (03.11.15)

Stocks in the news (amata, brr, ccp, dcon, dtac, epg, gunkul, iec, major, pf, ptt, pttgc, sithai, super, tkt, tsth, tvo, wha) 21.08.15

AMATA
AMATA expects to sell 200 rai of land in 3Q15. It plans to sell assets in Vietnam to AMATAR. It plans to hold a roadshow for AMATA VN around Oct-Nov, with listing on the SET in 4Q15. It is budgeting Bt2bn to invest in industrial estate Amata Vietnam. (Khao Hoon, 21/08/15)
Comment: I personally think AMATA has been one disappointing investment in the past 2 years, despite land sales doing ok, the REIT and the listing of AMATAVN, the stock price hasn’t performed, thank the stars for HEMRAJ/WHA
BRR
BRR expects double-digit net profit growth this year on the back of sales and revenue from the power business. (Khao Hoon, 21/08/15)
CCP
CCP is talking with prospective partner to expand to Myanmar and Laos. It expects this expansion to contribute revenue in 4Q15. It expects to get 60-70% of jobs valued at Bt700-800mn, which will raise its backlog from Bt2.3bn. It has budgeted Bt200mn to increase capacity to handle the high number of orders. (Thun Hoon, 21/08/15)
Comment: Given that they are a small company, any infrastructure works should have a rather positive impact on earnings
DCON
DCON has budgeted Bt400mn to buy land for a condo project. It plans to launch a Bt1.5bn project at Sai Mai in 2016. It expects to benefit from government investment. It expects to complete a deal for a biomass power plant in 4Q15. (Thun Hoon, 21/08/15)
Comment: The story is now well brokered for DCON 

Continue reading Stocks in the news (amata, brr, ccp, dcon, dtac, epg, gunkul, iec, major, pf, ptt, pttgc, sithai, super, tkt, tsth, tvo, wha) 21.08.15

Stocks in the news (cbg, cho, demco, erw, mtls, nch, oishi, pdi, seafco, scc, slc, tfd, trc, tsr, tsth, vpo) 24.11.14

CBG
CBG closed at Bt32.50/share, above its IPO price of Bt28/share. The company plans to lead the energy drink market within five years and expects revenue of Bt10bn in 2017. (Kao Hoon, 24/11/14)
Comment: We still think its going to trade in a similar manner to ICHI for the next few months

CHO
CHO reports backlog of Bt800mn and will book more than Bt300mn in 4Q14. The company has adjusted its 2014 revenue target to Bt1.3bn or +50% YoY from +15% YoY after its 9M14 was higher than expected. It continues to bid for additional projects. (Kao Hoon, 24/11/14)

DEMCO
Management ready to sell DEMCO shares to anyone who is interested. The company has 40mn shares for private placement and some warrants. There are many investors showing interest as DEMCO is cheaper than peers. (Kao Hoon, 24/11/14)
Comment: Demco has been one of the star performers of the past few years with the expansion into renewable energy, this PP and warrant is most likely going to be well received by investors and the market.

Continue reading Stocks in the news (cbg, cho, demco, erw, mtls, nch, oishi, pdi, seafco, scc, slc, tfd, trc, tsr, tsth, vpo) 24.11.14

Stocks in the news (anan, bbl, bch, bec, chow, cnt, jas, ldc, pae, ptt, richy, rs, scc, global, svi, ticon, tmb, true, tsth, tvd) 02.09.14

ANAN
ANAN expects 3Q14 earnings to be in the black from 3Q13 net loss of Bt96mn on booking revenue from a condo. The company is launching a new project worth Bt14.5bn, pushing backlog up from Bt17.5bn and generating revenue until 2016. It expects to reach its revenue target of Bt9bn as there is overwhelming demand. (Thun Hoon, 02/11/14)
Comment: I still rank this co as stupidly cheap, and should they be able to match everything that they plan to, then wow.

BBL
BBL revives Phnom Penh bank branch – Bangkok Bank (BBL) plans to resume its banking operations in Cambodia this year to capitalise on the growth potential of the frontier market. Thailand’s largest bank by assets has already won approval to reopen its Phnom Penh branch, said executive vice-president Chairit Anuchitworawong. (Bangkok Post, 02/11/14)

BCH
BCH expects 2H14 to recover due to high season and revenue from two new clinics in 3Q14. It is confident that revenue growth will be at least 15% YoY and expects better net margin from 2013. WMC net loss is declining as more foreign clients visit. (Thun Hoon, 02/11/14)
Comment: The WMC has been BCH’s biggest burden, being a drag on its earnings for years. Although I still think its a matter of time before WMC begins to profitable, if it happens by next year I wouldn’t be surprised.

Continue reading Stocks in the news (anan, bbl, bch, bec, chow, cnt, jas, ldc, pae, ptt, richy, rs, scc, global, svi, ticon, tmb, true, tsth, tvd) 02.09.14