ADVANC expects to report 3Q15 earnings tomorrow. It expects 9M15 net profit of Bt28bn (+4%) despite 3Q15 net profit dropped by 7% to Bt8.35bn. (Khao Hoon, 09/11/15)
AKR expects to get a Bt150mn electric transformer project from the MEA, which will raise its backlog to Bt600mn. It expects 2015 revenue to achieve target of Bt2bn backed by high demand. It is expanding into another solar farm. (Thun Hoon, 09/11/15)
APCO reported 3Q15 revenue of Bt94.89mn with Bt21.33mn net profit, affected by the slowdown in local demand. It plans to broaden its market by advertising on free TV, which it expects will increase revenue. It plans to launch new products via drug stores. It plans to expand business via MLM (Multi-Level Marketing) in AEC and abroad. (Thun Hoon, 09/11/15)
Comment: A friend commented best on this, a wonderful marketing company but their products have little impact on one’s health.
CSL reported 3Q15 net profit of Bt85.96mn from 3Q14’s net loss of Bt464.34mn backed by data center project and dividend from a subsidiary. 9M15 revenue was Bt2.23bn with net profit of Bt248mn. (Thun Hoon, 09/11/15)
New Sapporo route affected – Thai AirAsia X chief executive Nadda Buranasiri said the airline’s Bangkok-Sapporo route would be affected by the JCAB’s ban. The airline will be able to offer service on this route for only two months, from May 1 to June 30. (Thun Hoon, 01/04/15)
Comment: All of this news about Thai airlines being subpar in quality is one of the silliest things ever done by the airline operators here in Thailand, it is just plain stupid stupid stupid.
BCP confident that 1Q15 will be better than 1Q14 as the firm is running at a higher utilization rate and refining margin is also trending up. The solar power plant in Japan will begin to book revenue in 2017. (Kao Hoon, 01/04/15)
BIG expects 10% revenue growth in 2015 in line with the continued recovery in tourism. The firm expects a better margin in 2015 than 2014’s 5.23%. (Thun Hoon, 01/04/15)
Joining with THCOM to provide service to drilling rigs — ADVANC is joining with THCOM to be the first operator to expand a mobile network to drilling rigs in the Gulf of Thailand, using satellite technology. (Khao Hoon, 16/2/15)
AP condo wins case. AP set to continue construction and sales activities for its Aspire Ngamwongwan condominium project after a court ruled in favor of the project’s environmental impact assessment (EIA) and construction permit. The Central Administrative Court also ordered the Bangkok Metropolitan Administration (BMA) to pay 35,503.42 baht in compensation plus 7.5% interest per year to each of seven plaintiffs living near the construction site. (Bangkok Post, 7/2/2015)
AP plans to open new projects worth Bt30bn to boost its backlog by more than Bt10bn in order to secure revenue until 2016. The company is confident its revenue will increase by 10% this year, reflecting a recovery in property market. (Thun Hoon, 16/2/15)
AOT reported an earnings recovery with a net profit of Bt3.9bn (+3.7%) for FY1Q15 (OctoberDecember, 2014), due to a pickup in the global economy and the end of political unrest to drive passengers by 13% to 25.9mn. (Khao Hoon, 16/2/15)
Comment: Passenger growth is driven mainly by domestic travelers, the #’s for international travelers have yet to recover. The main driver of the stock price in the past 12 months have been news of a potential infrastructure fund.
APCS admits to loss for 2014. It expects recovery in 2015, but is uncertain whether it will return to profit in 2015. The company disclosed that orders from automobile sector have started picking up. Meanwhile, the company denied the rumors that it is a takeover target and has not been in talks with any party. (Khao Hoon, 16/2/15)
BBL targets doubling growth for its business in China from 10% growth last year, focusing on domestic consumption. The bank targets to increase its Chinese client base to 40% in the next three years, ready to support China’s investment expansion abroad, with Thailand as a main target. The bank is seeing a migration of Chinese investment from Vietnam to Thailand due to better logistics. (Krungthep Turakij, 16/2/15)
Comment: If you listen carefully to the CEO, he doesn’t seem to want to expand strongly in Thailand anymore, their focus does appear to be purely overseas business.
BEAUTY expects 2015 revenue and net profit growth of 20% YoY as it will invest Bt150mn in a warehouse and employee development and Bt150-180mn in new branches. (Kao Hoon, 27/11/14)
Comment: The only consumer name in Thailand that has had positive SSSG, a growth machine, a cash machine its positively surprised me, shows how much I know about the cosmetics industry
DTAC urges clear-cut strategies and goals — Pooling infrastructure an essential basis. The government needs to establish clear-cut national strategies and goals for the development of the digital economy if it wants the initiative to get off the ground, says the head of Total Access Communication. Focusing only on the implementation process will not guarantee success, said Sigve Brekke, interim chief executive of DTAC, the country’s second-ranked mobile operator. (Bangkok Post, 27/11/14)
Comment: The news regarding TOT selling its stake in DTAC had pushed the stock price down to levels where the dividend yield is now 6%+
GFPT confident export sales this year will grow 15-20% to growth of 8-10% in 2014 revenue, as targeted. 4Q14 earnings are expected to jump due to lower costs. (Kao Hoon, 27/11/14)
Comment: 2014 numbers were comfortably going to beat 2013 with the rebound in chicken prices
BRR confident that 4Q14 performance will be peak and targets revenue of Bt5bn in 2015 with net profit growth of Bt300mn, +70% YoY, as it will book full-year revenue from biomass power plant. The company will invest Bt1.1bn in an ethanol factory and a third biomass power plant. (Kao Hoon, 25/11/14)
Comment: As mentioned before, it’s the same story for any sugar plant
CWT is confident that 2014 revenue will reach Bt1bn as it will book large revenue from backlog in 2H14. The company expects revenue of Bt1.2bn in 2015. (Kao Hoon, 25/11/14)
GEL sets up a subsidiary in Mauritius, to be completed in 1Q15, and a JV with MILL in Myanmar, which is expected to start operations in 2Q15. The board approved investment in MILL shares. (Kao Hoon, 25/11/14)
ICHI expects good 4Q14 as purchasing power recovered. The company expects net profit of more than Bt1.1bn in 2014 after it cut the proportion of OEM, raising margin. The company expects revenue of Bt6.5bn in 2014 and sets a target revenue growth of 10% YoY in 2015 via export channels. (Kao Hoon, 25/11/14)
Comment: Well that’s big change from the “expected growth” it was going to receive from expanding to indonesia
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 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)
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.
AIS plans Bt60bn digital drive – Advanced Info Service Plc (AIS) has set aside at least Bt60bn for the first stage of fourth-generation (4G) wireless and fixed-line broadband project developments next year in a quest to capitalise on emerging digital lifestyle trends. (Bangkok Post, 19/11/14)
AJD targets 5mn digital TV set-top boxes for next year, up from this year’s expected sale of 2mn, supported by a new round of digital TV coupons. The NCPO said that 1.15mn coupons have been used so far. (Kao Hoon, 19/11/14)
Comment: If only 1.15 mn coupons have been used then digital TV watchers are far behind what people have forecasted
Five candidates vying to head AoT – Five outsiders have applied for the post of president of Airports of Thailand Plc (AoT). The applicants, who met the Nov 6 deadline, are all men from the private sector who do not appear to be backed by political or “influential” figures. (Kao Hoon, 19/11/14)
Comment: If you believe this then you believe in fairy tales & pigs flying too
APURE M&A target by Singaporean Sovereign Wealth Fund in recognition of its good performance. The fund will use APURE to diversify into the AEC market. The company reported an outstanding 9M14 performance and was able to book accumulated profit for the first time. It expects sharp growth in 4Q14 supported by large orders from foreign clients and targets revenue growth of 10% YoY in 2014. The company will propose a dividend payout of 50% to the board. (Thun Hoon, 19/11/14)
Comment: HAHAHAHAHAH, yes Temasek/GIC would definitely want to buy APURE
BEAUTY reported 3Q14 net profit of Bt81.3mn, +68.4% YoY. The company is preparing to launch a new marketing campaign in 4Q14 to stimulate sales and is confident that revenue will grow 30% YoY in 2014 with widen net profit margin to at least 20%. (Kao Hoon, 13/11/14)
Comment: One of the few companies to have fantastic performance this 3Q14. And admittedly it is one that I’ve missed.
BGH has six M&A deals planned for Q1 — SET-listed Bangkok Dusit Medical Services Plc (BGH), Thailand’s largest hospital group, has planned merger and acquisition deals with six local hospitals in the first quarter of next year. (Bangkok Post ,13/11/14)
Comment: The M&A machine that is BGH continues, I still wouldn’t be surprised to see them to a hospital REIT in the future (not that they need the cash)
Central Pattana plots more malls in Bangkok and upcountry – SET-listed shopping project developer Central Pattana Plc (CPN), a property arm of Central Group, is set to double the number of its domestic malls to around 50 by 2024. The company seeks to open 20 retail projects from 2018-24 that will require an investment of Bt15bn a year. (Bangkok Post ,13/11/14)
Comment: Mall Group can’t catch up with CPN no matter how hard they have recently started trying.