AP AP reported 11M18 presales of Bt41.5bn, exceeding its full-year target of Bt39.8bn. Revenue from its JV was Bt27.1bn, a record high. (Kao Hoon, 17/12/18) Comment: So even despite great earnings and pre-sales numbers this stock has also plummeted ASEFA ASEFA expects many projects to come up for bidding next year, especially big infrastructure and […]

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AGE AGE says coal sales are booming in 1Q18, spurred by high demand from China and Vietnam. It believes this will lead to a 25% growth in 2018 sales to close to 3mn tons. It has budgeted Bt200mn to buy 12 ships, as it is going to expand its logistics business to its full potential. […]

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BEAUTY BEAUTY reported 1Q17 revenue of Bt687.53mn, up 29.7% with net profit of Bt199.65mn, up 54.5% on the back of better sales at each distribution channel. It continues to expand both at home and abroad and also plans to distribute to King Power and 1,100 7-Eleven stores. It plans to expand to an online channel, […]

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ASAP ASAP expects 1Q17 net profit to reach Bt29mn, up 60%, brought by more cars for rent. It expects profit in 2Q17 to continue to grow. (Kao Hoon, 08/05/17) Comment: With KCAR becoming popular again (seems to happen 1x a decade) I’m not surprised to see that ASAP may benefit from additional news flow despite […]

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AP AP expects 2017 presales of Bt12.4bn. It plans to launch two condos worth Bt14bn in 2Q17 with a presales target of Bt4bn. Its backlog is Bt25.9bn, of which it expects to book Bt8.3bn this year. (Kao Hoon, 21/04/17) BCH BCH is budgeting Bt2.4bn for a 3-year investment plan. It plans to set up four […]

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BCPG BCPG expects to complete A 50MW wind power plant in the Philippines in 1Q17 and expects to book profit sharing immediately. It showed a solid balance sheet with lower D/E ratio of 0.9X. It expects 2017 EBITDA to grow 20%. It is talking to a prospective partner to take part in a solar farm […]

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AKR AKR expects 2017 revenue growth of 50% to reach Bt2.5bn and expects 1Q17 earnings to be unchanged from 1Q16. It has backlog of Bt700mn, all of which it will book this year. It is waiting to bid for government projects valued at Bt2.5bn and expects to get 10-15%. It continues to sell solar panels […]

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AOT AOT reported 1QFY17 profit of Bt5.1bn or growth of 10%, supported by 6.11% passenger growth to 30.6mn passengers and an increase in flights of 6.94% to 204,000 flights. (Kao Hoon, 15/02/17) Comment: So stock split is done & then its gone ahead and declined on fears of slowing passenger growth and capex of THB […]

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CWT CWT Board approves subsidiary purchases. The board approved budget of Bt133.96mn to have subsidiary CWTG acquire 60% of ARW and hold 5% in APCON. It has approved the purchase by subsidiary KCG of land for a building biomass power plant. (Kao Hoon, 26/10/16) Comment: I still remember being told by a client years ago […]

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BAY BAY reported 9M16 profit of Bt16.2bn, up 20% YoY after it acquired HKL and expanded to ASEAN as planned It plans to raise its 2016 loan growth target to 8-9% from 5-6%. (Thun Hoon, 25/10/16) Comment: With the japanese as the major shareholder we are thinking they may go on a massive asset expansion […]

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