Tag Archives: vte

Stocks in the news (auct, bafs, demco, dsgt, ecf, egco, ktb, nep, richy, seafco, simat, super, tsr, tta, vte) 05.09.16

AUCT
AUCT expects to have good news soon. It expects 2H16 to be growth and expects 3Q16 to recovery due to car bidding is recovery; It had bid for a 30k car in 1H16. (Thun Hoon, 05/09/16)
BAFS
BAFS expects 2016 revenue and profit to record a new high, as volume increases with the number of flights. It expects 2H16 to grow due to high season. (Kao Hoon, 05/09/16)
Comment: And with the continued expansion of the Airport this company is sitting pretty
DEMCO
DEMCO expects its business to pass bottom after the budget for repairing Huay Bong 2-3 has been settled. It expects 2H16 to be in the black. It is confident that 2016 revenue will reach its target of Bt6bn, growth of 10-15%, supported by more than Bt6.4bn in backlog waiting to be booked. (Kao Hoon, 05/09/16)
Comment: Should this issue pass, then the last issue will be with WEH potential IPO – if/when that will occur
 
DSGT
DSGT expects 2016 revenue to be better than 2015’s revenue of Bt7.5bn, backed by customer expansion and expansion in Thailand and abroad. It plans to launch a big campaign to stimulate sales. (Thun Hoon, 05/09/16)
Comment: Just out at lunch time was the news that a PE firm has bid for THB 5.00/share for all of DSGT
ECF
ECF expects 2016 revenue growth 12-15% due to furniture business is recovery. It plans to negotiate with partner to invest in power plant in Thailand and abroad which expects to conclude in 3Q16. Recently, It signed MOU with AF to do a factoring loan to members and supplier. (Kao Hoon, 05/09/1 6)
EGCO
EGCO expects 2016 operating profit to exceed Bt8bn, growth of over 5%, after reporting operating profit of Bt4.3bn in 1H16. It continues to expand electricity business in Thailand and abroad and expects capacity to reach 5,000MW by 2019. (Kao Hoon , 05/09/16)
KTB
KTB rejigs loan price formula. Krungthai Bank (KTB), the country’s largest state-owned bank by assets, has revised its pricing formula for government and state enterprise loans to be more competitive after significant falls over the past few years. (Bangkok Post, 05/09/16)

Continue reading Stocks in the news (auct, bafs, demco, dsgt, ecf, egco, ktb, nep, richy, seafco, simat, super, tsr, tta, vte) 05.09.16

Stocks in the news (ah, arrow, auct, bm, ctw, gel, intuch, k, malee, mc, pace, pf, plat, pttgc, rml, ttcl, tu, vte) 18.08.16

AH
AH expects 2016 revenue to grow 5% from last year’s Bt15.1bn due to large orders. It will pay a dividend of Bt0.33/share, XD on Aug 26, PD on Sep 9. (Thun Hoon, 18/08/16)
Comment: And the company has been doing share buybacks for the past few months
 
ARROW
ARROW expects 2H16 earnings to be good backed by Bt240mn backlog. It expects 2016 revenue to reach Bt1.4mn with gross margin at 25-30%. Its 1H16 net profit was Bt126mn. It will pay a dividend of Bt0.2/share, XD Aug 23. (Khao Hoon, 18/08/16)
Comment: We’ve questioned whether they have the capacity necessary to fulfill all the potential market demand and their current valuations
 
AUCT
AUCT expects 3Q16 earnings to be good brought by extra items from public bids. It plans to take part in 1-2 bids, and expects to know the results this year. It expects auction 60,000 vehicles this year. (Thun Hoon, 18/08/16)
BM
BM reported 1H16 net profit of Bt23mn, up 68.32% with revenue of Bt384mn, up 5.55%, backed by higher sales, especially from selling racks and conduits. (Khao Hoon, 18/08/16)
CTW
CTW expects 3Q16 earnings to be good supported by cable projects from ITD such as Suvarnabhumi phase 2, MRT Orange, Pink and Yellow lines, the Dawei project, and moving cables underground. (Thun Hoon, 18/08/16)

Continue reading Stocks in the news (ah, arrow, auct, bm, ctw, gel, intuch, k, malee, mc, pace, pf, plat, pttgc, rml, ttcl, tu, vte) 18.08.16

Stocks in the news (aav, bcpg, ecf, fsmart, ifs, irpc, itel, jasif, sithai, top, trc, tta, upa, vte) 04.08.16

AAV
AAV expects 2Q16 growth to double to profit of over Bt400mn supported by more passengers. It expects Chinese tourists continue strong in 2H16 due to high season. (Thun Hoon, 04/08/16)
Comment: And lower oil prices
 
BCPG
BCPG poised for major ‘green’ power expansion – BCPG, a green-power subsidiary of Bangchak Petroleum, has set a target of achieving 1,000 megawatts of installed capacity by 2020, as part of its business expansion after going public. (The Nation, 04/08/16)
Comment: Not sure on the timeline for this IPO but its apparently going to happen this year.
 
ECF
ECF plans to do a warehouse business in ASEAN. It has received more orders from a Japanese customer that it expects will bring in revenue of Bt12-15mn each month. It expects 2H16 earnings to be good supported by high season and is confident that revenue will achieve its target growth of 12-15%. (Thun Hoon, 04/08/16)
FSMART
FSMART expects 2Q16 earnings to be a new high with profit of Bt96.40mn or growth of 44.70%. It expects net profit to continue to rise to new highs in future quarters as it adds more online top-up machines. It expects 2016 profit at Bt379mn, up 39.50%. (Kao Hoon, 04/08/16)
Comment: Yet again this company continues to grow and grow, naturally in the next 2 years the rate of growth will begin to decline as the absolute number of machines added have a smaller impact
 
IFS
IFS reported 2Q16 net profit of Bt34.39mn, up 21% YoY due to lower provisions and a rise in NIM to 8%. It is confident that growth in factoring in 2016 will reach 15-20% from Bt26bn last year. (Thun Hoon, 04/08/16)

Continue reading Stocks in the news (aav, bcpg, ecf, fsmart, ifs, irpc, itel, jasif, sithai, top, trc, tta, upa, vte) 04.08.16

Stocks in the news (banpu, bjc, bts, fvc, ifec, ivl, ktis, mc, mjd, preb, pt, tfg, thani, uniq, vte) 11.07.16

BANPU
BANPU expects to benefit from BPP because it has a 70MW solar farm in China. It expects the remaining 20MW to start up by 3Q16. (Khao Hoon, 11/07/16)
BJC
BJC has cancelled its capital increase PP of 800mn shares as investors needed more time to decide but the company had time constraints. It will do a rights offering next time around. (Khao Hoon, 11/07/16)
Comment: It’s no surprise that it failed because the RO has just done at 35, which investor would accept a PP @ 40?
 
BTS
BTS expects to sign the contract to operate MRT Green Line extension (North-South) by Dec 2016. It targets passenger growth of 5-6%. It expects operate the MRT Pink, Yellow, and Orange lines. It says its property business is still good, with backlog reaching Bt10.642bn. It expects this to contribute revenue till 2019. (Thun Hoon, 11/07/16)
FVC
FVC is studying investing in a new business. It expects 2H16 earnings to be good aided by Bt200mn from its medical business. It expects 2016 revenue to reach its target of Bt400-500mn. It expects net profit to be back to black this year. (Thun Hoon, 11/07/16)
IFEC
IFEC expects Dhara Dhevi to exit from rehabilitation at the end of August. It expects to book extra gain from debt restructuring in 2Q16. It expects to sell land and residences. It expects to complete the purchase of solar and wind power plants in 3Q16. It targets operations of 100MW this year. (Khao Hoon, 11/07/16)

Continue reading Stocks in the news (banpu, bjc, bts, fvc, ifec, ivl, ktis, mc, mjd, preb, pt, tfg, thani, uniq, vte) 11.07.16

Stocks in the news (banpu, color, crane, nep, prin, ratch, sithai, spali, tkn, tndt, tog, vte, wha) 30.06.16

BANPU
BANPU expects 2Q16 earnings to be good backed by Hong-Sa power plant. It expects its 78.5MW solar farm in China to contribute revenue in 2H16. It plans to acquire more coal mines. (Thun Hoon, 30/06/16)
Comment: I have this awful feeling in my stomach that banpu could pull a thai airways despite the #’s not justifying it.
COLOR
COLOR expects 2Q16 earnings to be good backed by higher sales. It targets market share of 25% with capacity of 45,000tons/day. It expects net profit to mark a record high. (Thun Hoon, 30/06/16)
CRANE
CRANE expects large orders from Suvarnabhumi phase 2 and the east-west economic corridor. It expects to show net profit in 2H16. It expects 2016 revenue to grow 10% from last year’s Bt902.16mn driven by uptrend in construction. (Thun Hoon, 30/06/16)
Comment: Well they should be busy with renting out their cranes for all these infra projects too.
NEP
NEP plans to restructure by takeovers and JVs. It is budgeting Bt60mn to buy equipment in order to increase its capacity for high-margin products. It expects net profit to get back in the black soon and will apply dividend policy of 50% payout ratio. (Thun Hoon, 30/06/16)

Continue reading Stocks in the news (banpu, color, crane, nep, prin, ratch, sithai, spali, tkn, tndt, tog, vte, wha) 30.06.16

Stocks in the news (anan, banpu, bcp, kool, plat, ptg, samart, sawad, sci, thai, vte, wice) 20.04.16

ANAN
Taiwan fund is interested in investing in ANAN. A decision is expected soon. The company plans to issue a debenture worth Bt1bn to support business. It plans to launch a new project worth Bt19bn to increase its backlog to Bt37bn. (Thun Hoon, 20/04/16)
Comment: More curious about the recent perp bond they’ve announced than supposed investor interest
BANPU
BANPU has budgeted US$112mn to start shale gas business. It hopes this will provide support to revenue and earnings. (Khao Hoon, 20/04/16)
BCP
BCP listing subsidiary BCPG on the SET. It will sell 160 million shares and expects to undertake the IPO in 3Q16-4Q16. It plans to expand its business in Thailand and abroad. (Khao Hoon, 20/04/16)
KOOL
KOOL expects 2Q16 sales to grow 40% YoY supported by hot weather and high season. It plans to increase its distribution in Thailand and abroad. It targets to increase revenue from exports by more than 20% in 2016. (Khao Hoon, 20/04/16)
Comment: Effectively a single product company, what will they say when the rainy season hits? 

Continue reading Stocks in the news (anan, banpu, bcp, kool, plat, ptg, samart, sawad, sci, thai, vte, wice) 20.04.16

Stocks in the news (acc, aeonts, banpu, fsmart, hmpro, jutha, ktb, ktis, lst, max, ndr, npp, preb, sccc, spa, true, trc, vte) 14.03.16

ACC
ACC’s shareholders have approved 300mn share capital increase, at par Bt0.25 with warrant at a ratio of 4:1 and an exercise price of Bt1.25. It will use the funds for business expansion. It expects 2016 revenue to turn around on the back of alternative energy and property business. Its power plant business has already contributed revenue in Jan 2016. (Thun Hoon, 14/03/16)
Comment: Another odd (but new!) company that will somehow magically combine alternative energy and property development…

AEONTS
AEONTS plans to expand to 300,000 credit cards this year, focusing on young adults with a monthly income of over Bt30,000 of income. It expects to tighten extending credit to factories given the slowdown in export growth. (Khao Hoon, 14/03/16)

BANPU
BANPU’s board approved a capital increase of 2.582mn shares, at a ratio 2 old: 1 new at Bt5 with 1 warrant. It will use the funds to restructure its financing and lower debt from Bt12.9bn currently, in the process cutting D/E to 1.23X. (Thun Hoon, 14/03/16)

FSMART
FSMART expects 2016 revenue growth of 30%. It targets 90,000 Boon-Term Top-Up machines by the end of this year from 71,000 at the end of February. It plans to offer a new service, money transfers via Top-Up machines, in April and an e-wallet in mid-2016. (Khao Hoon, 14/03/16)
Comment: If the top line growth is this high, expect for bottom line to grow at 1.5x multiple…

Continue reading Stocks in the news (acc, aeonts, banpu, fsmart, hmpro, jutha, ktb, ktis, lst, max, ndr, npp, preb, sccc, spa, true, trc, vte) 14.03.16

Stocks in the news (centel, dcorp, gfpt, gpsc, ifec, ifs, kkp, loxley, mega, mtls, takuni, tfg, trubb, vte) 20.01.16

CENTEL
CENTEL plans to acquire an international food company. It expects the deal to be finalized by 4Q16. It targets 2016 revenue to grow 10% backed by growth in online business. (Thun Hoon, 20/01/16)
Comment: Well the EVP must be very happy because he has only talked about doing acquisitions for the past few years

DCORP
DCORP is talking to a listed company to provide loans for those interested in investing in solar roof. It expects the deal to be clear in January. It plans to focus on alternative energy. It expects 2016 net profit to back to black and wipe out retained losses of Bt300mn. (Thun Hoon, 20/01/16)

GFPT
GFPT expects 2016 revenue to grow5-10% as lower supply is expected to bring chicken prices back up above Bt40/kg. It expects gross margin of 10-12%. (Thun Hoon, 20/01/16)
Comment: I’ve always liked this company and perhaps it may be time for the earnings to recover if chicken prices recover

Continue reading Stocks in the news (centel, dcorp, gfpt, gpsc, ifec, ifs, kkp, loxley, mega, mtls, takuni, tfg, trubb, vte) 20.01.16

Stocks in the news (bch, bdms, fsmart, kkp, ktb, ml, mtls, nch, nusa, robins, s, samart, scc, sf, sithai, smpc, super, tk, top, tpipl, tsr, vgi, vte) 04.09.15

BCH
Mid-east investor interested in BCH shares as it is a small-cap with strong fundamentals. It expects this deal to expand customers from the Middle East. (Thun Hoon, 04/09/15)
Comment: A mini BH in the making perhaps?

BDMS
BDMS reports that G. Wasupol Co Ltd has transferred its business to BDMS. It plans to add more three hospitals. (Khao Hoon, 04/09/15)
Comment: Issue for BDMS is that growth is going to look smaller b/c of its scale

FSMART
FSMART’s management accused of corruption by former shareholder. It expects this to be in the courts this month. (Khao Hoon, 04/09/15)
Comment: Then perhaps that shareholder should sue every past government in Thailand’s history as well.

KKP
KKP expects loans growth to drop because of the sluggish economy. It expects to have to make extra provisions. It targets 2015 NPLs of 6%. It does not plan to open new branches after closing 24 branches but expects to focus on service improvement. (Thun Hoon, 04/09/15)

Continue reading Stocks in the news (bch, bdms, fsmart, kkp, ktb, ml, mtls, nch, nusa, robins, s, samart, scc, sf, sithai, smpc, super, tk, top, tpipl, tsr, vgi, vte) 04.09.15

Stocks in the news (cwt, ea, epco, ifec, intuch, kbank, ktc, nwr, pae, preb, rml, solar, syntec, tapac, tisco, ttcl, tmi, tsr, tuf, vte) 14.07.15

CWT
CWT plans to invest in waste power plant, expects to sign PPA next month. It expects 2015 revenue of Bt1.2bn benefitting from cooperation with Japanese partner to expand abroad. (Thun Hoon, 14/07/15)
Comment: CWT has been one of those companies that has at times looked quite cheap, but according to long term market investors, it’s a shareholder group one should stay away from

EA
EA expects to show a good performance in 2Q15 benefitting from seasonality. It is talking to a prospective partner to invest in a biomass power plant which is expected to be finalized soon. The plants in Phitsanulok and Nakhon Si Thammarat are expected to operate in 2016. (Thun Hoon,
14/07/15)
Comment: The story hasn’t changed for EA, and they aren’t looking to expand into the VSPP (very small power producer)

EPCO
EPCO targets 500MW power capacity within 2-3 years, 100MW this year. Management says the deal with a Japanese and European company is expected to be finalized soon. It plans to invest in a biomass power plant in South with a partner, expected to conclude this week. (Khao Hoon, 14/07/15)

IFEC
IFEC has been selected to undertake a solar farm with Royal Thai Navy with a PPA for 60-100MW. It plans to take over other power plants in July. It plans to invest in a wind power plant in Korea. (Thun Hoon, 14/07/15)
Comment: Never hurts to have military connections in the shareholders

Continue reading Stocks in the news (cwt, ea, epco, ifec, intuch, kbank, ktc, nwr, pae, preb, rml, solar, syntec, tapac, tisco, ttcl, tmi, tsr, tuf, vte) 14.07.15