Tag Archives: uv

Stocks in the news (btw, eforl, htech, ilink, mk, ndr, nok, seafco, stec, tmb, top, tsr, uv) 28.09.16

BTW
BTW is talking to a prospective partner to expand to the power business. It expects a decision to be made this year. It expects 2H16 performance to be good backed by solar farms in cooperative units. It expects 2016 revenue to reach Bt2bnm as targeted. Its backlog is Bt1.9bn, of which 50% is expected to be recognized this year. (Thun Hoon, 28/09/16)
Comment: Despite the rather old company name it’s effectively a construction company that focus on renewable energy projects, will be seeing them in a few weeks to see what the story is.
 
EFORL
EFORL plans to restructure the business plan for Wuttisak Clinic. It plans to focus on cosmetic products. It plans to set up an integrated beauty center to meet demand. It expects 2H16 performance to be good on seasonality . (Thun Hoon, 28/09/16)
Comment: This Wuttisak story has been ongoing for the past few years…
 
HTECH
HTECH plans to expand its capacity by 20%. It expects 4Q16 performance to be higher than target, backed by its new equipment. It expects sales to mark a record high after recording a net profit of Bt46.88mn in 1H16. It expects its plant in Vietnam to operate in 1Q17. (Thun Hoon, 28/09/16)
Comment: Despite the news that VN is the place to be for manufacturing, a visit there has shown that salaries are already in line in with Thailand for skilled labour and there is a bigger shortage of skilled labour…
 
ILINK
ILINK plans to hold a roadshow to attract foreign investors. It expects the plan to be finalized in November. It expects to get new orders which will raise its backlog. (Thun Hoon, 28/09/16)
MK
MK maintains its target 2016 property revenue at Bt2.5bn even though total revenue fell to Bt3.1bn. It plans to launch two projects in 4Q16 valued at Bt841mn. It is budgeting Bt1.2bn to expand its leasable area to reach 250,000sqm within 2020. (Khao Hoon, 28/09/16)
Comment: So this is the new strategy by the new shareholder in MK…

Continue reading Stocks in the news (btw, eforl, htech, ilink, mk, ndr, nok, seafco, stec, tmb, top, tsr, uv) 28.09.16

Stocks in the news (aot, beauty, bjchi, cbg, global, itd, lh, nok, oto, sawad, spcg, tasco, tpch, tsr, tvt, uv, vpo, wha) 28.06.16

AOT
AOT expects to benefit from recovery in tourism, more passengers, and growth in flights by low-cost airlines. It targets non-aviation revenue to comprise 50% within three years. It plans to expand terminals in order to handle 6-8% passenger growth each year. (Thun Hoon, 28/06/16)
BEAUTY
BEAUTY expects 1H16 net profit of Bt169.61mn driven by large orders. It expects 2016 revenue to rise 20% from last year on high demand. (Thun Hoon, 28/06/16)
Comment: And the machine still continues..and I continue to bang my head against the wall.
 
BJCHI
BJCHI took part in a Bt6bn bid abroad. It expects this to increase its backlog from Bt4.2bn. It targets 2016revenue to grow 15% from Bt5.75bn, aided by transfers. (Thun Hoon, 28/06/16)
CBG
CBG plans to expand to Europe. It expects this to strength its brand awareness. It expects 2016 revenue to grow 15-20% driven by a larger local market. (Thun Hoon, 28/06/16)

Continue reading Stocks in the news (aot, beauty, bjchi, cbg, global, itd, lh, nok, oto, sawad, spcg, tasco, tpch, tsr, tvt, uv, vpo, wha) 28.06.16

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 (aot, aqua, bigc, bjc, ccn, earth, ifec, ihl, maco, mtls, pttgc, qtc, singer, siri, smt, tsr, uv, xo) 26.04.16

AOT
AOT expects 2QFY16 earnings to peak backed by 197,913 flights (+9.4%) and 32.3mn passengers. It expects 389,272 flights in 1HFY16 (10.6% growth) and 61.2mn passengers. (Khao Hoon, 26/04/16)
Comment: It’s just incredible, time to start a pool on when passengers hit 100 mn
AQUA
AQUA will pay dividend of 100% of profit with Bt900mn cash on hand. It plans to list its subsidiary (TCDC) by 3Q16. (Khao Hoon, 26/04/16)
Comment: I don’t know much about this business other than it being similar to MACO, but spin off’s are typically well-received by the retail market
 
BIGC
BIGC has received the disclosure of additional information on the tender offer for the company’s securities from BJC Retail Holding Company Limited, BJC Supercenter Company Limited and Samphunsamer Company Limited, collectively the “Offerors”. (SET, 22/04/16)
CCN
CCN has backlog of Bt100mn on telecommunication projects, expects to book in this year. It expects to get more projects from Thailand post after it got Bt300mn. (Thun Hoon, 26/04/16)
EARTH
EARTH will pay a dividend of Bt0.1/share. It expects 2016 revenue to grow not less than 10% by focusing on acquiring new customers at home and abroad. (Thun Hoon, 26/04/16)

Continue reading Stocks in the news (aot, aqua, bigc, bjc, ccn, earth, ifec, ihl, maco, mtls, pttgc, qtc, singer, siri, smt, tsr, uv, xo) 26.04.16

Co Visit: Univentures Plc (UV)

Diversified property holdings key to success for UV

Univentures Plc (UV) was founded in 1980 as a manufacturer and distributor of zinc oxide and listed on the SET in 1988. Over the years it has evolved and today it is a holding company specialising mainly in property and related businesses. Director Worawat Srisa-an discusses the company’s strategy and outlook.

Please explain UV’s holding structure.

UV is a holding company that invests through subsidiaries or joint-venture companies. The business groups are 90% in real estate, including residential and commercial and property services, and other businesses such as zinc oxide, parking systems and energy saving. Our aim is to balance and diversify our portfolio; we hold 100% of Grand Unity Development which focuses on high-rise real estate, and 39.28% in Golden Land Plc which focuses on low-rise projects. We also own, directly or indirectly, the Sathorn Square and Park Ventures commercial office assets.

Please explain the business strategies of each of UV’s real estate segments.

With Grand Unity we focus on real market demand with our three main offerings priced from 50,000 to 90,000 baht per square metre and target customers typically aged 25-35 years old. It has Condo U developments, typically eight-storey buildings located just off main roads; U Delight high-rise developments in more prime locations, near existing and future mass-transit developments; and U Delight Residences in premium locations such as on Rama III overlooking the Chao Phraya River.

UV

Worawat: Growth and profitability balance

For these three offerings we aim to create value in terms of functionality of the site, rooms and layout, ensuring efficient design for a community of like-minded residents. We are the only developer that does not require air-conditioning in lobbies because we maximise the airflow within the compound, allowing us to invest in other value-added amenities such as fitness rooms, libraries and common space, offering residents lower common fees.

When we first acquired Golden Land, its product offerings were purely low- to mid-market single detached houses and townhouses. In 2014, Golden Land acquired Krungthep Land (KLand) to expand its low-rise offerings to the premium segment. The price range is now between 2 million and 25 million baht depending on the project and the unit. Typically these projects are farther from the city centre as they require more land; however they are near main throughways and expressways.

The commercial assets, Sathorn Square and FYI Center, are both owned by Golden Land while Park Ventures Ecoplex is directly owned by UV. We focus on premium locations, with Park Ventures earning the highest rent per square metre in Bangkok, and the only office building to have received the LEED Platinum award.

Continue reading Co Visit: Univentures Plc (UV)

Stocks in the news (advanc, bkd, gold, iec, nok, scn, sena, svi, tfg, uv, wiik, xo) 15.03.16

ADVANC
ADVANC asking for injunction from the Central Administrative Court to allow its customers to continue using 900MHz if JAS does not make its license fee payment. Its 2G-900 service will cut off at midnight tonight, the NBTC said. (Khao Hoon, 15/03/16)
Comment: And the drama continues….we are all rather curious as to how 1q looks for these telco’s

BKD
BKD’s capital increase shares of 146mn will trade today. Institutional investors are interested in its shares because of its strong financial position with Bt1bn cash on hand. It plans to take part in Bt3bn in bids, with bid winners expected to be announced in mid-2016. It expects this to bump up 2016 revenue growth by 20%. (Khao Hoon, 15/03/16)

GOLD
GOLD plans to expand its business to condominiums. It expects 1H16 sales to reach Bt7bn (30% growth) compared to 1H15’s Bt5.4bn, thanks to high demand generated by tax incentives. It is confident 2016 revenue will hit Bt10bn as targeted. (Thun Hoon, 15/03/16)
Comment: I do wonder if this competes against UV’s condo business via Grand Unity

IEC
IEC’s board has approved increasing capital by 73,639mn shares, to be offered as a PP of 32,960 mn shares with 40,679mn shares for the exercise of its warrants. Its board also approved investing in new plants. (Khao Hoon, 15/03/16)
Comment: So which new shareholder is going to punt IEC?

KTB
KTB expects 2016 revenue to grow 15-20% as targeted by focusing on money market and capital market clients. It will be an underwriter for Bt30bn in debentures in 1H16. It expects 2016 debentures will reach Bt80bn. (Khao Hoon, 15/03/16)
Comment: That is quite the aggressive target for a bank, unless they feel that they can really grow their non-interest income business – perhaps from the government projects, then I don’t see this possibly happening..

Continue reading Stocks in the news (advanc, bkd, gold, iec, nok, scn, sena, svi, tfg, uv, wiik, xo) 15.03.16

Stocks in the news (advanc, bbl, beauty, bem, bsm, css, ea, mc, ori, ptt, smpc, sricha, svi, tacc, true, uv) 29.02.16

ADVANC
ADVANC reports more than 500,000 of its 2G clients have upgraded to 3G. It aims at getting more than 10mn 4G users from 4.4mn now. It has budgeted of Bt40bn to expand its business in 2016. (Kao Hoon, 29/2/16)
Comment: The number we read this morning from the news was 5 mn users already.

BBL
BBL announces a full-year dividend of Bt6.50/share. (Thun Hoon, 29/2/16)

BEAUTY
BEAUTY reported net profit in 2015 of Bt402.5mn, up 33.65% supported by total revenue growth of 29.36% to Bt1.79mn from expanding its branches. It will pay a dividend in 2H16 of Bt0.83/share, XD on April 28. (Kao Hoon, 29/2/16)
Comment: And they keep growing!

BEM
BEM reported 2015 net profit of Bt2.65bn supported by higher toll and fare revenue. It had total revenue of Bt13.1bn with total assets of Bt78bn. It will pay a dividend of Bt0.07/share. (Thun Hoon, 29/2/16)
Comment: At what point will BEM do what BTS did and spin off the assets to an infrastructure REIT?

Continue reading Stocks in the news (advanc, bbl, beauty, bem, bsm, css, ea, mc, ori, ptt, smpc, sricha, svi, tacc, true, uv) 29.02.16

Stocks in the news (26.10.15)

Names today: ASIMAR, BIG, BMCL, DEMCO, EPCO, FIRE, MFEC, PS, PTT, PTTEP, PYLON, TSE, UV

ASIMAR
ASIMAR to show strong 3Q15 after booking two big projects. More potential growth stories include: ship maintenance backlog, Bt600mn tugboat project (to open for bidding in Oct 2015) by the Port Authority of Thailand, multi-million baht projects for the Department of Public Works and Town & Country Planning and potential offshore projects for PTT. (Thun Hoon, 26/10/15)

BIG
BIG’s shareholders approved par reduction to wipe out accumulated losses worth Bt150mn, clearing the path for dividend payout in the future, and restructuring its business for more flexibility and growth. The company maintains its 2015 growth target at 10% with margin above 20%. (Than Settakij, 16/10/15)
Comment: We still have our doubts on this businesses ability to compete versus smart phones.

BMCL
MRTA board chooses BMCL for the Blue Line extension. The decision will be submitted to the Ministry of Transport for approval before starting the PPP process. (Khao Hoon, 26/10/15)
Comment: No surprise here.

DEMCO
DEMCO backlog increases to Bt8.8bn after securing 12 more power plant projects from Toyo Engineering worth more than Bt2bn. The construction of the first facility will begin in November 2015. (Khao Hoon, 26/10/2015)
Comment: And they will continue to win backlogs as this part of their forte, but the kicker still comes from WEH

Stocks in the news (aot, apco, css, ea, fire, ifec, mtls, ple, s, scc, sena, siam, tsr, ttw, tvt, uv, world) 15.10.15

AOT
AOT reports 12.66% growth in FY2015 passengers at Suvarnabhumi airport to 52.38mn. (Khao Hoon, 15/10/15)
APCO
APCO expects 2016 net profit margin of 30-35% from 2015’s 25% backed by increasing distribution channels. It has introduced new products, APCOcapsule and APCOessence. It has postponed its capital increase. (Khao Hoon, 15/10/15)
CSS
CSS expects to benefit from 4G auction as it will bring in jobs for the construction and installation of communication towers. It will also benefit via subsidiary (NWC), which supplies tower and telecommunication equipment for ADVANC, TRUE, DTAC, TOT. It plans to ask for a 35MW PPA in government sector. It expects to get a tower installation project in Myanmar. It expects 2015 revenue to achieve its target growth of 20-25%. (Thun Hoon, 15/10/15)
Comment: Retail investors are all over this already in theory yes they should benefit tremendously, question is only if it is already priced in or not.
EA
EA expects 9-month net profit to surpass Bt1.9bn (+50%) backed by Bt600mn net profit in 3Q15 from a 188MW power plant. It expects a solar farm at Phitsanulok and wind power to start up at the beginning of next year. (Khao Hoon, 15/10/15)

Continue reading Stocks in the news (aot, apco, css, ea, fire, ifec, mtls, ple, s, scc, sena, siam, tsr, ttw, tvt, uv, world) 15.10.15

Stocks in the news (bjc, chow, eason, eastw, eforl, gunkul, ilink, kamart, tuf, tvo, ureka, uv, wha) 17.09.15

BJC
BJC expects 2015 performance to be better than 2014 aided by new products and increasing domestic purchasing power. It is talking to a prospective partner to invest in Vietnam and expects talks to be finalized soon. (Thun Hoon, 17/09/15)
CHOW
CHOW is doing a test run of its 3.5MW power plant which it expects to come on line in September (supply 12MW). It expects 3Q15 earnings to be good backed by revenue from power plant and steel businesses. It plans to list a subsidiary soon. (Thun Hoon, 17/09/15)
EASON
EASON expects 3Q15 earnings to be good aided by Bt20mn from selling shares in a subsidiary and high demand. It expects 2015 revenue to grow 10% from 2014’s Bt503mn thanks to high orders. (Thun Hoon, 17/09/15)
EASTW
EASTW reported 1H15 revenue of Bt2.2bn with net profit of Bt805mn (+8.41%). It plans to list subsidiary “UU” in 1Q16. (Thun Hoon, 17/09/15)
EFORL
EFORL has sold 9mn WCIH shares at Bt55/share (9% stake). It will use the funds to increase capital in WCIH and plans to list it soon. (Thun Hoon, 17/09/15)
Comment: Still no idea who the buyer was for the WCIH shares, still rather strange that they would use EFORL to buy WCIH and then have to list WCIH as a separate entity

Continue reading Stocks in the news (bjc, chow, eason, eastw, eforl, gunkul, ilink, kamart, tuf, tvo, ureka, uv, wha) 17.09.15