Names today: GCAP, JAS, KAMART, MATCH, MODERN, NCL, NUSA, PK, PTT, SGP, SUPER, SVOA, UWC, VGI
GCAP licensed to engage in nano-finance and offer personal loans. It expects this to support robust earnings in 2H15. (Thun Hoon, 02/11/15)
JAS says it is ready for 4G auction for 1800MHz and 900MHz. It expects this to available for 4G mobile broadband. (Khao Hoon, 02/11/15)
Comment: I’m curious about how are they able to compete within this market
KAMART expects 2015 net profit to be a five-year high (+140.6%) backed by high margin (more than 55%) from raising the sales of house brands plus seasonality. KAMART shares are of interest to institute investors (via PP) in recognition of its strong fundamentals, earnings growth and regular dividend. It plans to expand abroad. (Thun Hoon, 02/11/15)
Comment: Wouldn’t be surprised to see KAMART do a PP and then shift its business model, beautified solar power plants perhaps?
MATCH plans to invest in a new studio after its board has approved a budget of Bt1.187bn. It plans to build a studio with high enough standards to foreign producers. It expects this studio to open its doors by 4Q16. (Khao Hoon, 02/11/15)
MODERN is talking to prospective partners to expand to Cambodia. It also plans to set up a new plant in Myanmar to handle orders next year and in Tak to handle orders from neighboring countries. It expects these moves to be concluded next year. It expects export growth to grow 20-30% from 5-10%. It expects 2015 revenue to be close to last year’s Bt4.2bn with net profit of Bt784.93mn. (Thun Hoon, 02/11/15)
Comment: I’ve been following modern for the past decade and they have been an amazingly consistent company, management is quiet and doesn’t talk much to the public but their numbers do speak for themselves.
NCL shares are of interest to Malaysian investors because of its strong fundamentals. It expects the deal to be finalized soon. It plans to open new branches in Cambodia. It expects 2016 revenue to turn around on the back of huge orders. (Thun Hoon, 02/11/15)
NUSA’s board has approved Bt700mn to buy WEH shares (1.17% in stake). It said the buying price is appropriate as it is below intrinsic value. (Thun Hoon, 02/11/15)
Comment: Thus DEMCO’s stake is worth close to THB 3bn at this valuation. Perhaps this explains why TTA decided to purchase a stake in NUSA.
PK expects 3Q15 earnings to be good backed by numerous orders and the baht weakening. It expects to show a net profit in this year despite the economic slowdown. Its backlog is Bt1.7bn and it expects to get more. (Thun Hoon, 02/11/15)
PTT expects to report net loss of Bt20bn in 3Q15 because of the impairment loss from PTTEP, stock loss from palm oil business and at its subsidiaries. (Khao Hoon, 02/11/15)
SGP expects 2015 net profit to reach a new high of Bt1.28bn (+348%) from 2014’s net loss of Bt514.3mn backed by orders from China and new clients from Myanmar, Indonesia and Laos. It plans to expand to AEC. It targets to become the lead LPG supplier in ASEAN. (Thun Hoon, 02/11/15)
Comment: Once a year, for the past 4 years, we always read about how its turnaround quarter for SGP, if they could stop trading LPG as they said they would the the company would be far easier to analyse.
SUPER’s board has approved investing Bt19.5bn in 290MW solar farms. Bt13bn of the funding will come from the exercise of warrants and Bt5bn from a capital increase. It expects this to enlarge its net profit and allow a dividend payment. (Khao Hoon, 02/11/15)
SVOA expects 2015 net profit to be good after it focused on high margin products rather than on price. It expects gross margin to increase to 14% from last year’s 11%. 2016 revenue is expected to rise backed by 4G auction and increase in demand for IT products. It is ready to bid for numerous IT projects. (Thun Hoon, 02/11/15)
UWC targets biomass power plant capacity of 200MW in 2016 from 40MW by acquisition. It plans to issue a Bt2bn debenture after board approval. It plans to invest in a power plant in northeast within 3-5 years. It expects net profit to double next year. (Thun Hoon, 02/11/15)
VGI expects 3QFY15 earnings to grow aided by seasonality and government stimulus measures. It reported 10% growth in 2QFY15 revenue. It plans to expand advertising media. (Khao Hoon, 02/11/15)