BIZ reported 2Q16 net profit of Bt8.10mn with total revenue of Bt106.59mn, growth of 502% backed by more orders. (Kao Hoon, 06/08/16)
GPSC reported 2Q16 net profit of Bt686mn or growth of 45%, with 1H16 net profit of Bt1.56mn, growth of 55%. It plans to invest in new projects in Thailand and abroad. It expects the 550MW power plant to proceed as planned. (Kao Hoon, 06/08/16)
Comment: This power play has continued to impress since its IPO earlier this year.
PLANB expects 3Q16 to record a new high as it will book revenue of no less than Bt10mn from digital media in BIGC. It plans to add 60 digital media boards nationwide. It is confident that 2016 revenue will grow no less than 25%. (Thun Hoon, 06/08/16)
Comment: Its still rather incredible that this company is trading at these lofty multiples despite their failure to show the magnificent growth, then again as I tell my friends, when investing in Thailand you have to “Believe!”
QLT plans to set up a subsidiary in Myanmar and expects to expand customer base in 2H16. It expects to get more revenue from gas pipeline expansion job in the north. It has backlog of Bt300mn, with Bt180mn of this to be booked this year. (Thun Hoon, 06/08/16)
SC Asset revenue to top B15bn – SET-listed developer SC Asset Corporation Plc expects fullyear revenue to surpass its 15-billion-baht target as housing demand outstrips rising household debt . (Bangkok Post, 06/08/16)
BEM expects to pay dividend this year on the expectation of 40% growth in net profit after the Sri Rat expressway and MRT Purple Line open. It plans to take part in bids for public projects in CBD and outskirts. (Khao Hoon, 06/01/16)
Comment: And now the largest infrastructure/transportation play is listed!
CI expects a turnaround in 2015 performance from 2014 net loss of Bt20mn aided by condominium projects. It plans to launch a new Bt1bn condo and set up a Bt1.15bn REIT. (Thun Hoon, 06/01/16)
GFPT expects to pay dividend of Bt0.23/share, 2.3% dividend yield. It expects chicken price to recover this year and better exports. It expects net profit growth of 26% thanks to less excess supply. (Khao Hoon, 06/01/16)
Comment: Still the best chicken company, good luck trying to figure out chicken price movement.
GPSC expects growth in its power business this year on the back of government policy and its 20-year PPA. It expects some projects to start supplying electricity this year. It says it is not impacted by lower oil price. (Thun Hoon, 06/01/16)
AH expects 2016 revenue growth of 5-10% thanks to new car models. It expects gross profit margin to be good when it implements cost control. It has budgeted Bt400mn to acquire a business next year. It has cash on hand of Bt800-1,000mn. (Khao Hoon, 30/11/15)
Comment: This has been a dog of stock for the past few …… actually the past 10 years.
BKD is talking to a partner to handle a property project abroad which it expects to finalize this month. It expects to get a Bt400mn project in Myanmar. It expects 2016 revenue to grow not less than 20% from 2015’s Bt1.3bn target. (Thun Hoon, 30/11/15)
CHOW says its 11MW Japan solar power plant started up on November 20 and will contribute good revenue. It expects the power business to be a key driver for company growth. (Thun Hoon, 30/11/15)
Comment: The expansion to Japan has continued to a boon for CHOW, along with GUNKUL, they are one of the few companies to continue growing this way.
COLOR expects 4Q15 earnings to be good backed by numerous orders. It expects to show a net profit this year. It expects 2016 revenue growth of 4-5% after expanding abroad. (Khao Hoon, 30/11/15)
DCON is talking to a prospective partner to expand its market in Cambodia. It plans to ask approval for its 2016 business pan in December. It plans to do a capital increase in order to acquire new land that will support its property business. (Thun Hoon, 30/11/15)
Comment: Well the story for DNA has played out as we had expected in the past few years, earnings have peaked due the condo transfer and now it’s returned to trading at a fair value for its core business
Names today: CEI, COM7, CSC, EPCO, GIFT, HFT, HMPRO, JSP, KIAT, MAJOR, ORI, SENA, TAKUNI, UTP
CEI targets 2016 revenue of Bt400mn with net profit of Bt100mn. It is considering investing in a Bt10bn mixed-use development on 123 rai in Phuket. It is looking for M&A and takeover. It plans to list its subsidiary soon. It asked for 100MW PPA in a government unit’s solar farm, which is expected to be finalized by December. (Thun Hoon, 06/11/15)
COM7 expects 2015 sales to grow 10% backed by iPhone6s and iPhone6S Plus. It is considering investing in AEC, which is expected to be finalized soon. (Thun Hoon, 06/11/15)
Comment: The stock price shows that investors are loving the iphone6s’ launch
CSC reported 3Q15 earnings of Bt96mn (+34%YoY) and Bt700mn in revenue. 9M15 net profit was Bt256mn (+16%) with revenue of Bt2.15bn, backed by increase in sales of high margin products. (Khao Hoon, 06/11/15)
EPCO plans to focus on supplying electricity. It plans to ask for a 50MW PPA from government units; it expects this to be finalized soon. It expects revenue from selling electricity to comprise 50% of revenue in 2016 from 40% this year. It expects 2016 revenue to be good. (Thun Hoon, 06/11/15)
BGT targets gross margin of 40% backed by implementing cost control and introducing new products. 2Q15 profit is expected to be good. It expects 10% revenue growth this year. It plans to expand abroad. (Thun Hoon, 29/06/15)
Comment: I’ve always thought they knew how to run a good retail business, but the numbers haven’t been any good for the past few years
TRIS Rating has assigned company rating at “BBB-“ with stable outlook. This rating reflects the company’s strong fundamentals, protected revenue sharing, and its expansion to the power business. (Khao Hoon, 29/06/15)
CPALL has issued a Bt1.3bn debenture for debt repayment. It plans to open 600 outlets each year, focusing on ready to eat foods, expected to support 10-15% sales growth. (Thun Hoon, 29/06/15)
Comment: The only thing that matters for CPALL within the next 12 months is 1) When will they sell shares in MAKRO 2) How much of these share sale will go to paying down the debt 3) Then CPALL’s stock price can continue its rise.
CSS expects growth in 2H15 backed by a robust in telecommunications sector. It expects 2015 revenue to increase to Bt5bn supported by investment in 3G-4G network. 2016 revenue is expected to be good aided by alternative energy business. (Khao Hoon, 29/06/15)
Plans to expand into Cambodia, Laos and Myanmar. The firm has bid for a new project worth more than Bt1bn and expects to do a JV deal in 2Q15. It targets 2Q15 earnings growth of 10% YoY on the transfer of projects and raise in backlog to Bt2.3bn. (Thun Hoon 06/05/15)
1Q15 net profit surged from last year backed by significant growth in exports of “Carabao Daeng”, lower cost of goods sold, with zero interest-bearing debt. It expects to raise earnings gradually. (ASTV 06/05/15)
Comment: We do love the company but have doubts in their ability to add additional products to its existing line
2015 earnings to be good on booking extra gain from selling XPCL of over Bt1bn while revenue is close to last year’s. 1Q15 earnings surged with revenue of Bt7-8bn. It expects to win more than Bt100bn in government projects. The firm expects to win 20-25% of total projects, which will lift its backlog from the Bt100bn. (Thun Hoon 06/05/15)
Plans to invest in crawler crane. It targets 20% revenue growth in 2015 from last year’s Bt1.24bn. It says government policy is encouraging more construction projects. It plans to list a subsidiary soon. (Thun Hoon 06/05/15)
Comment: Crane’s business model is straight fwd, 1) Buy cranes, lease them, get a payback period of 4-5 years, 2) Distribute Cranes
AAV expects strong recovery this year and targets 14.5mn passengers and double-digit revenue growth. The company said 1Q15 cabin factor will be strong at more than 84%, driven by the influx of Chinese tourists. (Kao Hoon, 24/02/15)
New CFO — AAV has informed SET that the Nomination and Remuneration Committee has approved the appointment of Mrs. Pattra Boosarawongse as Chief Financial Officer and Director of the company, replacing Mr. Pornanan Gerdprasert, effective February 23, 2015. (SET, 24/02/15)
AMATA says investors still interested in investment in Thailand especially Chinese and Japanese, despite the BoI’s changes in privileges. It believes a clear picture will be seen in the next 1-2 quarters. It has set a land sales target of at least 1,000 rai this year and currently has backlog of Bt2bn, of which 90% will be realized as revenue this year. It has budgeted capex at Bt4.5bn, with 85% of that for land acquisition. It expects to list its REIT on the SET by May. Amata VN will conduct a roadshow by July and trade on the SET by yearend. (Krungthep Turakij, 24/2/15)
Comment: The only thing to think about for AMATA this year is it’s IPO of Amata VN and a potential REIT.
CGD expects to turn around to a net profit this year backed by large backlog. It will sell Bt1.3bn in assets to a REIT in 1Q15. It also plans to invest in a riverside hotel worth Bt19bn with completion by 2018. (Thun Hoon, 24/2/15)
Comment: That is the only thing driving CGD at the moment, forget the rest.
ABC set revenue target for 2015 at Bt800mn, focusing on five new concerts. The company plans to add more alliances with 3-4 credit card issuers, which it expects to conclude by mid-2015. The major shareholder intends to reduce his holding from 76% to not less than 50%. (Khao Hoon, 18/02/15)
Comment: Not a bad trade by the owner, the company still doesn’t generate any profits worthy of its valuation, its unlikely to anytime in the future.
AQUA expects its performance to improve YoY as it will start booking revenue from its solar power business in Japan. Its first solar farm in Japan will commence operation in 2Q15. Further, its warehouse business, via a subsidiary, will expand its space by 70%. The company plans to list this subsidiary in the near future. (Thun Hoon, 18/02/15)
Comment: One of these days I’ll have to write down every company that is linked to solar/renewable..
BH’s shares are favored by foreign investment funds because of the high rate of return. Also, healthcare companies are of interest to global investors. (Khao Hoon, 18/02/15)
CEI plans to reduce par value to Bt0.25/share as well as increase capital via a rights offering at the ratio of 3:1 at Bt0.25/share and private placement of 95.73mn shares at not lower than 90% of market price. Management plans to focus more on renewable energy, property development and e-commerce. CEI has invested Bt80mn to acquire W. Solar shares from WIN to develop solar rooftop project. The company will change its fiscal year to end Dec31. (Thun Hoon, 18/02/15)
Comment: And let the speculation begin.