This topic contains 25 replies, has 1 voice, and was last updated by 
Hoonzilla 4 years ago.
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Posts
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The purpose of this forum topic is to provide a ongoing record of the daily buy and sell recommendations from my Thai broker.
I will try to post the recommendations each morning as time permits.
Mon 6 Feb 2017
What’s in store?
– BANPU (BUY/Target Price Bt23.00): Best quarter of 2016 is here
– AP (BUY/Target Price Bt9.00): JV condos pay off as promised
– ROBINS (BUY/Target Price Bt72.00): Fatter margin spurring growth
– ADVANC (HOLD/Target Price Bt157.00): Reduced dividend payout to a minimum 70%News Highlights
(+) KTB – KTB targets higher loan coverage ratio
(+) SIRI – Sansiri plans aggressive marketing push abroad
(+) Property – Condos in Bangkok’s fringe areas highlighted for price-rise potential
(0) ADVANC – AIS offers network code to MCOT in pay-TV trial
(+) TelCo – CAT in Korean partnership
(+) Tourism – Ecotourism gives impetus to tourismTue 7 Feb 2017
Today we’re selective “BUY” SCB (support 153 /resistance 160) PTT (support 410 /resistance 430) KKP (support 58 /resistance 63).
What’s in store?
– EGCO (BUY/Target Price Bt230.00): Soft quarter surpassed…growth mode to find redemption in 1Q17
– Chemical (NEUTRAL): Prices and spreads strengthened further
– Flow Tracker: Fund directions recently seemed inconsistencyNews Highlights
(0) SCC – SCG unit sees project-led sales growth.
(0) ADVANC – AIS prepares for industry disruption.
(0) Economy – New income tax structure comes into effect.
(-) Food – The rise of unregulated livestock production prompts health concerns in regions.Wed 8 Feb 2017
What’s in store?
– AAV (BUY/Target Price Bt8.40): Crackdown priced in—earnings prepped for take-off
– MINT (BUY/Target Price Bt42.00): Strong 2017 to follow weak 4Q16
– SVI (BUY/Target Price Bt6.70): Bright moon glows among the pines
– KCE (BUY/Target Price Bt120.50): Can one extinguish the sun with a bucket of water?
– INTUCH (BUY/Target Price Bt64.00): 4Q16 disappoints, 2017 entices
– Model Portfolio: Rotation to fruits of and on the landNews Highlights
(0) Bank – PromptPay picks up among consumers
(+) TRUE – True Corp plans to relaunch IPTV service after AIS grabs HBO channels
(0) ADVANC – AIS links with Microsoft for cloud deal
(+) KBANK – KBank more cautious on non-rated debt instruments
(0) TelCo – TOT to pick partner for 4G on 2.3GHz spectrum
(+) ICT – Pichet urges national broadband networkFri 10 Feb 2017
What’s in store?
– M (SELL/Target Price Bt60.00): High five for selling into strength
– BR (BUY/Target Price Bt8.00): ‘Tchick, tchick!’, finally, it breaks open
– MTLS (BUY/Target Price Bt37.00): Earnings elevated
– LPN (TRADING BUY/Target Price Bt14.60): Bland 4Q16, strong outlook, high yield
– GPSC (HOLD/Target Price Bt37.00): Results 4Q16 as projected; 1Q17 is viewed to be softer year on year
– Refining & Petrochemical (NEUTRAL): Better come later!News Highlights
(0) GUNKUL – Gunkul holds off project on disputed land
(0) Economy – FMCG sales growth sinks in 2016
(0) Economy – Thailand’s ageing society expected to affect supplements market
(+) Property – Developers sharpen focus on Thonglor to meet demand for luxury projects
(+) Property – Chinese investors help fuel demand for housing sector in tourist areas
(+) Property – Tight supply could drive Bangkok office rents 5-9% higher this year, says CBRE
(+) Bank – Bank loans expected to bounce back
(-) Financial – Growth in credit at seven-year low in 2016Mon 20 Feb 2017
What’s in store?
– BCP (BUY/Target Price Bt41.00): Fourth-quarter profit missed estimate; growth to regain momentum in 1Q17
– IVL (BUY/Target Price Bt43.00): Street-beating 4Q16 profit; high season to drive 1Q17 growth
– CENTEL (HOLD/Target Price Bt40.00): Backing away pending recovery, M&A
– KTC (BUY/Target Price Bt167.00): Emphasis on quality clients
– SAT (BUY/Target Price Bt16.90): Profit for fourth quarter in line
– TVO (HOLD/Target Price Bt36.00): Back to normal in 2017News Highlights
(+) PTTEP – progresses with innovative R&D
(+) LOXLEY – Loxley, TIH team up to tap tech startups
(0) KBANK – Despite NPLs, KBank likes SMEs
(0) LLC – Budget carriers’ passenger traffic continues to soar
(+) Tourism – Tourism to continue growth spurt in 2017
(0) Bank – Major leaders are doing more than offering debt restructuring solutions to SMEs
(-) Property – Developers report lower earnings in 2016 as demand wanesTue 21 Feb 2017
What’s in store?
– Chemical (NEUTRAL): Various price and spread movements
– MAJOR (BUY/Target Price Bt35.00): Messrs. Hurt & Logan to break through the ribbon in 1Q17
– BLA (BUY/Target Price Bt65.00): Recovery mode further in 4Q16…
– MINT (BUY/Target Price Bt42.00): 4Q16 results below estimates, but strong recovery forecast for 1Q17
– ANAN (BUY/Target Price Bt6.20): Strong 4Q16 profit as expected, DPS slightly above forecast
– EGCO (BUY/Target Price Bt230.00): Core 4Q16 exceeds street’s estimate—eye growth mode redeem in 1Q17
– Flow Tracker: Foreign funds have outstanding inflows to Taiwan last weekNews Highlights
(+) Economy – Export growth goal revised up to 5% on key supports
(0) Economy – App to firm up GHB’s shift to digital banking
(0) TRUE – TrueVisions to increase payout after pulling HBO channels
(-) ADVANC – AIS cuts dividend payment
(-) MCOT – 3 NBTC commissioners oppose payment to MCOTFri 24 Feb 2017
What’s in store?
– GFPT (BUY/Target Price Bt18.50): Expanding export growth prospects
– SAMART (HOLD/Target Price Bt17.00): SAMTEL rebounding, SIM dragging
– CBG (SELL/Target Price Bt58.25): Moving to a riskier model
– BA (BUY/Target Price Bt25.00): High-altitude surprise on dividend despite economy-class outcome
– AAV (BUY/Target Price Bt8.40): Fourth-quarter core profit outflew our estimate; 1Q17 to fly even higher
– AP (BUY/Target Price Bt9.00): All-time high 4Q16 core profit and good DPS as expected
– BANPU (BUY/Target Price Bt23.00): Fourth-quarter numbers outperform, momentum eyed to stay on the boil
– BPP (BUY/Target Price Bt28.00): Brilliant fourth quarter—solar projects to brighten first-quarter outlook
– IRPC (BUY/Target Price Bt6.00): Full-fledged resumption poised to a turn in price
– BLA (BUY/Target Price Bt65.00): 4Q16 result slightly over from bigger reverse on LATNews Highlights
(+) ERW – Erawan allots B2.2bn for 9 hotels this year.
(+) Property – Property developers expect pickup on infrastructure.
(+) EPG – EPG allots B500m for growth plan.
(+) SIRI – Sansiri taps into Chiang Mai
(+) SC – SC Asset aims for B20bn
(0) Finance – BOT embraces big data, analytics for micro-financial activitiesMon 27 Feb 2017
What’s in store?
– BJC (HOLD/Target Price Bt48.00): Step aside for the moment
– M (SELL/Target Price Bt60.00): Fourth-quarter outcome on par; faded outlook for first-quarter this year
– SVI (BUY/Target Price Bt6.70): Core profit for 4Q16 outshined model
– RPH (BUY/Target Price Bt5.60): Forever classic
– CPALL (BUY/Target Price Bt73.50): Last man standing
– BLA (BUY/Target Price Bt65.00): High-margin products mean lower provisions, and room for upside
– TK (SELL/Target Price Bt11.00): 4Q16 result below on bigger tax rate
– BEC (SELL/Target Price Bt16.00): Still no signs of a recovery
– BRR (BUY/Target Price Bt17.00): Missed 4Q16 resultsNews Highlights
(0) KBANK – KBANK eyes real estate advisory
(+) LHBANK – LH Bank joins the mortgage war with new loan deals
(+) SPALI – Supalai gains in provinces
(0) BA – Samui operator eyes new airports
(+) Economy – Corporate investment tipped to rise in 2017Tue 28 Feb 2017
What’s in store?
– CHG (BUY/Target Price Bt3.30): Short of 4Q16 estimate, but quick recovery forecast
– QH (HOLD/Target Price Bt2.90): 4Q16 result disappointing, 1Q17 outlook unexciting
– BEAUTY (BUY/Target Price Bt12.00): 4Q16 profit below estimate, but price correction prompts re-rating
– Chemical (NEUTRAL): Price, spread directions a mixed bag
– CPF (BUY/Target Price Bt41.00): Chicken and shrimp exports—the 2017 growth engines
– Flow Tracker: Foreign funds continued to ignore TIP market last weekNews Highlights
(+) SCB – SCB partnership unit aims to support digital demand
(+) AP – ploughs ahead in low-rise market
(+) CENTEL – Centel Q4 earnings up 44%
(+) TICON – Ticon rakes in revenue from rising rentals
(0) BANPU – Banpu allots $210m for capex
(0) EGCO – Egco earmarks B30bn budget for investment
(0) SYNEX – Synnex into debt collection
(+) TICON – Ticon rakes in revenue from rising rentals
(0) Economy – Incentives to push R&D development in key areasWed 1 March 2017
What’s in store?
– PCSGH (HOLD/Target Price Bt5.30): Wider margin spells better outcome
– CENTEL (HOLD/Target Price Bt40.00): Positive surprise in 4Q16, but wait for clearer signs of exciting growth
– LH (HOLD/Target Price Bt10.40): No surprise to the street, but some disappointments for us
– SIRI (TRADING BUY/Target Price Bt2.10): 2nd-highest quarterly core profit ever in 4Q16
– CPN (HOLD/Target Price Bt65.00): 4Q16 profit as expected, stay on the sidelines for now
– BH (BUY/Target Price Bt250.00): 4Q16 result (good YoY growth) was in line with all estimates
– RJH (BUY/Target Price Bt33.00): Fourth-quarter upshot in line; arms open wide for 1Q17 high season
– AH (BUY/Target Price Bt18.00): Fourth quarter exceeds all appraisals
– TVO (SELL/Target Price Bt33.00): Earnings downtrend signaled in 4Q16News Highlights
(+) MINT – Minor Hotel launches Oaks Bodhgaya
(+) CENTEL – CENTEL posts 43.5% rise in profit for quarter despite challenges
(+) GL – Group Lease hangs out shingle in Cyprus launch
(0) Economy – Rollback for rice auctions
(0) Economy – Export forecasts unchanged
(+) Economy – BOI’s Incentives in the EEC
(+) Economy – Hot-money inflow into bonds piques BoT curiosity2 March 2017
What’s in store?
– EGCO (BUY/Target Price Bt230.00): An All-time high earnings in 2017 for the Utilities star
– BDMS (HOLD/Target Price Bt22.00): 4Q16 results in line; capital increase approved for flexibilityNews Highlights
(0) Finance – US stocks surge to new records; Dow above 21,000 points
(0) SCB – SCB and Digital Ventures host ‘Faster Future SCB FinTech Forum’
(0) CPN – Central Group upgrading to digital focus
(+) SET – SET urged to entice 10 key industries
(+) CK – CK hits B2bn profit target, aims higher for 20173 Mar 2017
What’s in store?
– SIRI (TRADING BUY/Target Price Bt2.10): Key takeaways from analyst meeting
– M (SELL/Target Price Bt60.00): Key takeaway from analyst meeting
– CENTEL (HOLD/Target Price Bt40.00): Key takeaways from analyst meetingNews Highlights
(+) ITD – Italthai focuses overseas to reap revenue
(-) PTTEP – PTTEP warns of plunge in sales
(0) DTAC – DTAC Accelerate opens Batch 5 for applications from start-ups
(0) Consumer – Five firms to make 48 low-cost consumer items
(0) Commerce – Commerce OK with using Article 44 to speed up patent approvals
(+) Economy – Exports under FTAs worth more than $52 bn last yearMon 6 Mar 2017
Picks
– HMPRO (BUY/Target Price Bt13.10): Sustained earnings growth momentum
– PCSGH (BUY/Target Price Bt6.10): Back on track in FY17
– SAMTEL (BUY/Target Price Bt15.00): Greater government project tendersNews
(+) KBANK – KBANK plans upgrade to strengthen regional roles
(0) CP Group – CP Group gets proactive in shaping its next generation of astute leaders
(0) Property – Top 10 listed property companies see their combined sales revenue take a dip in 2016
(0) Property – Self-built homes choice in provinces
(+) Energy – Cleaner coal: Hope for Krabi?
(0) Economy – 2017 Rice Export target set at 10 million tonnes
(0) Economy – Bid to boost Myanmar shrimp trade beginsTue 7 Mar 2017
Picks
– PTTGC (BUY/Target Price Bt89.00)
News
(0) CPN – Central adopts Line to hasten 4.0 drive
(+) Transportation – Aviation reform plan gets nod
(0) Energy – Licence laws close to passing
(0) Economy – Single window to clear trade by next year
(0) Economy – 40% of SMEs joined formal tax system
(0) Economy – Productivity grows, but unemployment reaches 1%Fri 10 March 2017
Picks
– SAMART (HOLD/Target Price Bt17.00): Still dragged by SIM in 2017
– ROBINS (BUY/Target Price Bt72.00): Constructive strategies supporting growth
– WORK (HOLD/Target Price Bt50.50): Awaiting prime time for re-entryNews
(+) SPCG – SPCG sees hot earner in solar rooftops
(0) Property – TCC Land to splash B40bn on trade hubs
(+) WORK – Workpoint TV surges in ratings
(+) MINT – Minor sees M&A as best fit for fashion sales goal
(0) Finance – Exim Thailand to boost role in Myanmar through local presence
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