Stocks in the news (aot, beauty, bliss, bmcl, ccn, chow, cpf, gpsc, l&e, npark, ps, ram, wha) 22.04.15
AOT
New prez takes the reins – Mr. Nitinai Sirismatthakarn yesterday officially assumed the leadership of the SET-listed Airports of Thailand Plc (AOT). (Khao Hoon, 21/04/15)
Comment: Well let us hope that he can reign in the corruption that has plagued AOT over the past few years (or decades)
BEAUTY
Investment fund interested – BEAUTY says a global investment fund is interested in investing in it in view of the company’s positive prospects for the longer term. (Than Hoon, 21/04/15)
Comment: Great news reporting eh? Will the next headline be “Funds see the beauty in BEAUTY”
BLISS
Penalty levied – The SEC has levied a penalty on BLISS’ former management after it found that BLISS distorted its financial statement. (Khao Hoon, 21/04/15)
Comment: Explains why the company has been Suspended from trading.
BMCL
BMCL reported passenger growth in 1Q15 of 2% YoY. It expects revenue growth of 8% this year. The merger between BMCL and BECL is expected to finish in 3Q15. The company is waiting for cabinet approval of the Blue Line. (Khao Hoon, 21/04/15)
Comment: All retail investors care about at the moment is the merger.
CCN
CCN expects revenue growth of 20% this year backed by growth of the digital economy. In 2Q15, the company expects strong earnings from more private and government projects. (Khao Hoon, 21/04/15).
Comment: I find it quite strange that anyone would use the digital economy as a reason for growth, the plans are still in their infancy.
CHOW
CHOW plans to sign agreements to build two solar power plants for RATCH and EPCO with total value of Bt4.0bn this month. It expects strong revenue this year, boosted by full-year contribution from Japan operations. (Than Hoon, 21/04/15)
CPF
CPF expects acquisition of C.P. Cambodia (CPC) to strengthen its business. The transaction requires a shareholder approval, which will be solicited at the April 22 meeting. (Khao Hoon, 21/04/15)
Comment: Left pocket right pocket?
GPSC
GPSC plans IPO of 374.54mn shares, raising Bt10bn. The final share price will be released on April 29 with the shares trading on May 18, said the financial adviser. (Khao Hoon, 21/04/15)
L&E
L&E expects 1H15 revenue will be higher than 1H14 backed by more orders. This year, the company expects 20% revenue growth. (Than Hoon, 21/04/15)
NPARK
NPARK signs agreement to acquire BTS Assets Co and KamKung Properties Co, both owned by BTS Group Holding (BTSG). The new entity will be renamed U City, with BTS retaining a 35.64% shareholding. (Khao Hoon, 21/04/15)
Comment: I do find this acquisition of NPARK to be quite interesting, wasn’t done at the cheapest valuation by BTS but not that bad.
PS
PS expects strong 1Q15 sales of more than Bt12.8bn backed by launching 15 new projects. (Khao Hoon, 21/04/15)
RAM
RAM expects strong 1Q15 earnings and expects revenue growth of 5-10% this year backed by rising patient volume and operational efficiency. (Khao Hoon, 21/04/15)
WHA
WHA now holds 92.88% of Hemaraj Land and Development Plc (HEMRAJ), aiming to expand its logistics and utilities businesses. After taking over Hemaraj, Mr Somyos Anantaprayoon, WHA’s president and chief executive, said it is mulling delisting HEMRAJ from the SET. (Khao Hoon, 21/04/15)
Comment: HEMRAJ will apparently pay out a 20% dividend before its delisted and WHA needs the $!
ruud
About 10 days ago I got a message by my broker about an offer of CK that they wanted to buy shares of Becl for 39,50 while that day the market price was 40,
Quite a strange way to try to take over a company ? Normally a premium is paid for a take over.
Pon
Arguably it is a premium.
TONY
I own BECL so, the coming merger between BECL and BMCL is of interest to me. Is this going to be a win-win situation or are there going to be losers depending on which side you are on? Any thoughts from you on this merger would be appreciated…thanks Pon.
Also another point. I own TUF shares and am a bit nervous regarding their potential problem with the EU. What is your take on this situation? As always, thanks for any information you can offer.
Pon
It’s a definite winner for BMCL because it’s BMCL that has to do a lot of capex in the future and by merging with BECL it will have access to a clean balance sheet that it can leverage of.
TUF – Should TUF be hurt by this news out of the EU then look to buy it again – could be similar to what happened in 2013/14
TONY
Your recent comments regarding Vietnam are spot on. I have been investing there for several years and have just returned. The future seems quite bright for stocks there and I am very happy with these results. I have the same belief as you and believe that Vietnam is going to be one of the better Asian countries to invest in going forward. I also believe Vietnam is going to give Thailand a lot of competition in the next 10 years.
Bo Stenberg
Tony, what vehicle–ETF, individual shares, NY, London–did you use to play this. Apparently it was no hassle, izzat right?
Pon
It’s amazing what is going on there, with over 700 listed co’s to look at its a gold mine of potential should their government and central bank not mess things up.
TONY
Hi Bo.
In the beginning, I had to travel to Vietnam to apply for a license before being allowed to trade/buy stocks there, but any large bank that offers stock advisory service can now do it for you through the mail, or on-line if you also open a banking account with them too. I only buy individual stocks, because I also use an advisor company who meets my investment requirements there.
Bo Stenberg
Many thanks. And most interesting.
Pon
It’s straight forward to open an account there, just go to Maybank Kimeng.
TONY
Pon is right about opening an account through Maybank Kimeng, but if you do it through them here in Thailand, then you will automatically have your money returned or calculated in Baht. Because my family and I spend a few months a year there we opted to have an account in Vietnam because we wanted to receive our money in Vietnamese Dong, their local currency. We did this because it gives us a chance to get away from Thailand when it is scorchingly hot here and it is lovely weather there in the north during March and April and gives us a chance to escape the heat here in Thailand.