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 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’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 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)

KTB will launch two types of personal loans targeting small private customer. It targets Bt1.5bn loans from this product this year. (Post Today, 04/09/15)

ML expects 2H15 to be good thanks to government stimulus measures which focus on farmers. It plans to do nano-finance in 4Q15. (Thun Hoon, 04/09/15)

MTLS expects 2015 net profit to mark a record high on the back of loan growth. It targets 910-920 branches this year and 1,400 branches in three years, focusing on the southern and northeastern region. (Thun Hoon, 04/09/15)
Comment: A legalised loan shark is worth close to USD 1 bn,

NCH expects 2H15 net profit to grow 100% from 2H14. It targets 2015 revenue of Bt2.2bn backed by Bt1bn backlog. It plans to launch two projects, valued Bt1.5bn. It is talking to a prospective foreign partner to develop a new project. It says it has no plan to sell the company. (Thun Hoon, 04/09/15)

NUSA plans to sell Bt3.7bn shares via PP to its partner. It expects 2015 net profit to mark a record high with Bt5bn in sales on the back of NUSA ONE. (Thun Hoon, 04/09/15)
Comment: Perhaps one of the worst property companies in Thailand today, stay away from this unless you’re an insider

ROBINS expects 2H15 net profit of Bt1.17bn (+24%) with Bt14.26bn in revenue (+14%). It plans to open more stores and increase its tenants. (Khao Hoon, 04/09/15)

S expects to show a net profit this year even though it will get no revenue from sales. It targets 2018 revenue of Bt20bn. It plans to acquire 3-4 companies valued at Bt1bn. (Khao Hoon, 04/09/15)
Comment: There are rumours speculating left right and center that they have bought a hotel and are looking at other assets too

SAMART expects to benefit from a project from the MEA. It expects this to increase net profit by Bt32mn this year and 3% next year. It expects 2H15 performance to be close to 1H15’s. (Khao Hoon, 04/09/15)
Comment: Perhaps one of the better rebound plays in the market, SAMTEL looks the most attractive within the group.

SCC expects 2H15 net profit to be higher than 1H15’s Bt24.9bn on the back of high demand in petrochemical and cement industrieis. It expects 2015 net profit to reach the highest point. It is budgeting Bt6.7bn in CAPEX for next year. (Thun Hoon, 04/09/15)

SF expects to book extra gain from selling 50 rai of land after the Mega Bangyai project was cancelled. It estimates a 30% increase in cost. It has budgeted Bt7bn to invest in Mega Rangsit, taking a 49% stake. It expects operating profit to grow 40% from 2014’s Bt249mn. (Bangkokbiznews, 04/09/15)
Comment: They’ll make a small fortune on this property, but it is just a 1 time shot.

SITHAI plans to expand to GMS (Greater Mekong Sub-region) and targets to achieve Bt20bn revenue in five years. It plans to list its subsidiary in 2017. It expects 2015 revenue of Bt10bn on the back of lower material cost. It plans to manage stock inventory as prices are fluctuating. (Bangkokbiznews, 04/09/15)
Comment: The listing of the subsidiary in Vietnam should be a positive to the company

SMPC expects 2H15 performance to be better than 1H15 on the back of higher demand, a stable steel price and the baht depreciation. It expects 2015 revenue to grow 15-20%. It plans to expand to Africa, Asia, and Middle East as it sees high demand for LPG gas cylinders in those areas. (ASTV, 04/09/15)

SUPER reports that its subsidiary has signed a PPA with PEA, capacity of 8MW. (Post Today, 04/09/15)

TK plans to set up a subsidiary to do nano-finance. It expects to show a net profit this year despite the drop in loan growth of 5% since it already booked profit of Bt215mn in 1H15. It plans to expand loans abroad to where revenue from abroad comprises 50%. (ASTV, 04/09/15)

TOP expects 3Q15 to be good despite booking Bt1bn stock loss. It expects to benefit from refinery margin which is above US$6. It will pay a dividend of Bt0.9/share, XD on September 10. (Khao Hoon, 04/09/15)

TPIPL has budgeted Bt12bn to raise its capacity from 4.5mn tons to 9mn tons in preparation for the onset of public investment. (Thun Hoon, 04/09/15)
Comment: The driver behind their stock price is the expansion into renewables, even though not much has materialised

TSR plans to expand its distribution channel via modern trade (HomePro, Do Home for example) and telesales, expecting nationwide coverage. It plans to introduce water filter “SAFE” via HomePro, Do Home and telesales, focusing on the provinces by the end of this year. Management expects 2015 revenue to achieve 30% target growth of Bt1.5mn. (ASTV, 04/09/15)
Comment: 2Q #’s were disappointing as, according to management, they dropped the selling price of new products by 40%.

VGI is talking to a prospective partner to invest abroad. It plans to increase revenue by focusing on LED billboards. It targets 2015 revenue of Bt837mn after it has cancelled media via modern trade. (Thun Hoon, 04/09/15)

VTE plans to go to Indonesia this month to gather information for investing in the power business. It expects to make a decision by the end of this year and start development in 2Q16. It expects a 1.2MW solar farm in Japan to contribute revenue in 2H15. It expects 3Q15 earnings to turn around after net profit reached Bt9mn in 1H15. (Thun Hoon, 04/09/15)

  1. Interesting news about the prospect of a VN listing for Sithai’s subsidiary. I bought in below 2.30, at which price, the 2015 PER will be below 10 and yield above 4.5%.
    I can’t access my original question about sourcing EPS growth data for the SET. I appreciate the referral to SETSMART. The website recommends using a Thai version of Windows. 2 questions, please.
    1. Can I use this program with an English keyboard. ?
    2. Since it appears to be a rigid program which you buy on a CD, how can I use it on my iPad?
    Thanks in advance, once again! Don.

    • SETSMART is a web-based database requiring a login and password. EN-US versions of Windows have no problems getting in, english keyboards are fine.

      If you are accessing it via your broker, you just login to your trading account and click a link in your browser. I’ve never had to install anything using a CD/DVD.

  2. Case in point, AMATA? P/E 5.38, Yld 5.79…and they got their foot in the door first in VN (“…we have T minus ten and counting”): when it comes to industrial estate management, Thai are the Swiss hoteliers of ASEAN–AMATA might do rather well. Of course, Mr Prapas could be right–nobody knows. He will have to do without my Bht 23.50 and I’ll be watching the performance of his new, very well-connected fund with interest. If he’s planning on the inside track in the looney tune IPO stampede, in fact the door can swing both ways: http://www.nasdaq.com/article/us-ipo-weekly-recap-breaking-news-in-the-ipo-market-as-most-deals-end-down-cm504027.

    • First, thanks to you both gents, for the answers to my questions.
      Good direction this thread is heading in. I don’t know how to do this. Does Khun Pon allow someone pick a discussion topic about safe dividend yielding companies. Especially info about lengthy dividend record and dividend coverage. don’t want dividend income, but I do want the capital gains they usually generate if I sell cum-div. it is downright amoral (I imho) for a major brokerage to issue a recommended ‘ Buy’ for a yield of 6% where the payout is in excess of 100% – an example, as best as I can calculate it, is BTS.

      • BTS is one of my largest positions in Thailand for several reasons, the least of which is the excellent dividend. Consequently the current price is quite expensive, but one quickly learns that the star performers in Thailand all trade at high valuations relative to their peers e.g. CPALL BDMS AOT CENTEL MINT ADVANC etc… Do not be afraid to invest in quality, especially in Thailand.

      • Forgot to add, I only really pay attention to research from the following: Maybank Kim-Eng, Tisco, Kasikorn Securities, Asia-Plus and Thanachart. Even so, I only read them for news from company visits/analyst meetings, not the horribly optimistic forecasts. The rest are either clueless, heavily biased towards companies they brought to IPO, or are specialised in certain types of investment vehicles. YMMV of course.

        BTS has a special dividend policy ending this time next year which may be why you noticed it as irregular. At least 8 billion baht dividend (higher than their adjusted net profit of 3.3bn sure) is due to it being the third year of their 6bn-7bn-8bn special payout of the proceeds launching the BTSGIF IPO.

        Nothing immoral at all here mate, just taking good care of loyal shareholders until the company enters its next growth phase in 2016. Green line extension x 2/Yellow line/Pink line auctions coming up and BTS has 30bn+ baht cash ready to go + extremely good relationships with the big 4 banks for financing.

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