Tag Archives: wha

Management Trades 04.02.13 – 08.02.13

Notable Transactions

Buy(s):

  • SIRI – The President bought these shares from his private investment vehicle, only to eventually sell them @ the same price, first time we’ve seen a sell under his name

Sell(s):

  • BLA – Main owners
  • BLAND – K. Ananttttttttttttt sold his warrants
  • SIRI – See Above
  • TPIPL – A director sells off THB 30 mn worth of shares
  • WHA – Block trade from last week where 3.9% of shares were sold to a new group

130211 mgmt trades

Stocks in the news (advanc, bts, delta, itd, n-park, wha) – 08.02.13

ADVANC Advanced Info Service: Planning 3-year capex of Bt70bn— Advanced Info Service PCL (ADVANC.TH), Thailand’s largest mobile phone service provider by subscribers, is planning a three-year capital expenditure of Bt70bn (US$2.35bn), mainly to expand its third-generation service on the 2.1 gigahertz spectrum. The company expects service revenue to grow by 6%-8% this year, driven by strong demand for mobile Internet services on the back of rising popularity of devices such as smartphones and tablets, according to a filing to the Stock Exchange of Thailand Thursday. (Dow Jones Newswires, 8/2/13)

Comment: The ICT sector has struggled this year, not surprising given its outperformance last year.

BTS Gains from sale of VGI not on P&L this quarter — BTS updated that, based on the auditor view, the gain from the sale of VGI in IPO at Bt1.6bn might not be recorded as extra gain on this quarter’s P&L (from its existing control via current 70% stake in VGI), but it would be recorded as a part of equity on the balance sheet. (Company information)

Comment: Doesn’t play much into our viewpoint, was an easy trade @ Thb 5 til now, still awaiting the infrastructure fund news completion.

DELTA

2012 grows 51.8% YoY — DELTA posted 2012 earnings of Bt435bn, increasing 51.8%YoY. It announced a dividend of Bt2.4/share, equal to 6.57% dividend yield. (Khao Hoon, 8/2/13) Continue reading Stocks in the news (advanc, bts, delta, itd, n-park, wha) – 08.02.13

Stocks in the news (ck, oishi, mcot, ptt, pttep, wha) – 15.01.13

CK – Expects good 1Q13 revenues — CK said 1Q13 revenue will be good after booking revenue from several construction projects. Currently, the company has backlog of Bt163bn. 1Q13 earnings will also be boosted by the booking of the sale of its shares in TTW to BECL. CK plans to list CK Power in March. (Khao Hoon, 15/01/13)

Comment: CK’s share price performance has been linked to the infrastructure funds and its company’s reorganisation of its holding structure to take advantage of it

OISHI – Recovery ahead — OISHI expects a recovery in the company’s performance, as it plans to operate at full capacity this year. It will introduce two new flavors, “Strawberry Melon” and “”Lemon Berry”, for its fruit tea product line, Fruito. The company targets sales for the first year to reach Bt500-800mn and expects its beverage business to grow double digits this year. The company plans to increase its market share by 5%, to stand above 50%. (Khao Hoon, 15/01/13)

MCOT – MCOT exits digital TV race — MCOT, the operator of Modernine TV, has had to drop its plan to acquire a permit to operate a public digital terrestrial TV channel because of unfavorable regulations. According to NBTC regulations, the operator of a public digital terrestrial TV channel is not allowed to make a profit, but may earn just enough revenue to run the business. This may have been a problem for the listed MCOT. However, MCOT’s plan to bid for three commercial licenses to operate channels for children/family, news/information and general programs remains unchanged. As well, it wants to have an operating license for a high-definition channel. (Nation, 15/01/2013)

Comment: I don’t really see the growth impact on the industry with this digital satellite play that has pushed up several of the production co’s i.e. WORK plc, perhaps someone could help enlighten me

PTT – PTT unveils B1tn blueprint — The PTT group plans to invest Bt1tn under its five-year investment plan through 2017, says chief executive Pailin Chuchottaworn. (Bangkok Post, 15/01/13) Continue reading Stocks in the news (ck, oishi, mcot, ptt, pttep, wha) – 15.01.13

Stocks in the news (CPALL, HITECH, PLE, TTA, WHA) – 04.01.13

CPALL –  Targets 13% sales growth in 2013 — CPALL targets 13% sales growth for 2013 and plans to add 550 more branches to achieve a total of 7,300 branches by the end of this year. In addition, the company plans to open one more distribution center in Samut Sakhon province this year. (Khao Hoon, 04/01/13)

Comment: Used to love this stock, still a great company, however valuations have me worried

HITECH – Revenue to grow 15-20% this year — HTECH targets revenue this year to grow by 15-20%, while maintaining its net margin at 20%. The company will focus more on the automotive market and also expand into other Asian markets, especially in Indonesia. Revenues for 2012 are expected to grow by more than 25%. (Khao Hoon, 04/01/13)

Comment: On valuation numbers alone it looks interesting, though never looked at the company

PLE – Turnaround this year — PLE expects a turnaround to profit this year. It targets revenues to grow by 15-20%, backed by current backlog of more than Bt8bn, which is expected to be recognized this year. The company also plans to bid for more projects. (Khao Hoon, 04/01/13)

Comment: Company seems to turnaround every 3 years, we used to trade it, missed it on this one

Continue reading Stocks in the news (CPALL, HITECH, PLE, TTA, WHA) – 04.01.13

Infrastructure Budget

The THB 2.2 trn infrastructure budget has been bouncing around the government for the past 2 years and now it looks likely to go ahead in 2014. There were a few interesting points from the article in today’s paper that caught my eye.

  • In addition to rail projects, nearly a quarter of the 2.2-trillion-baht budget will be earmarked for road and land transport, with another 7% set aside for water transport and 4% for air transport infrastructure.
  • Major projects already planned under the law include 480 billion baht for four high-speed train routes running from Bangkok-Korat, Bangkok-Hua Hin, Bangkok-Chiang Mai and Bangkok-Rayong as well as 330 billion baht for five new mass-transit routes in Bangkok.
  • 160 billion baht in funds will be earmarked for 254 kilometres in new ring roads running around Greater Bangkok, while 88 billion baht will go to expanding facilities at Laem Chabang Port and 70 billion baht for Suvarnabhumi airport.

Now with the majority going to the rail industry, the first thought is to immediately look for listed co’s that will benefit from this, off the top of our heads it will naturally be the onstructor co’s (CK, STEC, ITD) and whoever may receive a sub-contractor contract from them, however, indirectly there are several beneficiaries, the industrial estates (HEMRAJ, AMATA), the logistics/warehouse co’s (TICON, WHA, HEMRAJ), property/hotel co’s  operating in the aforementioned regions, there are many many ways to invest around this theme.

Source: Bangkok Post

Stocks in the news 07.12.12

Ok given that I do receive a silly amount of emails in the every morning regarding which Thai stocks have news accouncments we’ve decided here to compile and simply list it out b/c the majority of the news announcments are in the Thai papers. We’ll keep this going for as long as we feel its useful for this site, our comments will be in italics below each point :)

CENTEL Centara to launch 30 economy hotels – Centara Hotels & Resorts, the country’s leading hotel and resort chain, plans to launch an economy hotel segment to cash in on fast-growing demand from travelers. The segment will come under the Cosi Hotels brand and become the group’s sixth brand. Construction of the first economy hotel will start some time next year on Bangkok’s Ratchadaphisek Road. It is expected to be open in early 2015. (The Bangkok Post, 07/12/12)

Fantastic move on the part of CENTEL, ERW is currently the only player in this market and has been doing very well partnering with the IBIS brand, there’s plenty of room in the market for another player

Continue reading Stocks in the news 07.12.12