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Supalai Public Company Limited: 1 director
A director at Supalai Public Company Limited bought 1,200,000 shares at 18.135THB and the significance rating of the trade was 67/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the la...
- Kasemsun Koonnara
Supalai (SPALI TB) - 1Q24: Earnings Below Expectations, Expect Better ...
SPALI posted a net profit of Bt614m in 1Q24 (-43% yoy, -70% qoq), which was below our and consensus forecasts. The decline in revenue was primarily attributed to the reduced transfers. However, earnings are expected to improve from 2Q24 onwards, with new projects and a significant backlog in the low-rise segment. Maintain BUY. Target price: Bt24.20.
- Arsit Pamaranont
- Benjaphol Suthwanish
- Kampon Akaravarinchai
- Kasemsun Koonnara
- Kitpon Praipaisarnkit
- Tanaporn Visaruthaphong
Thailand Daily - Wednesday, May 15, 2024
KEY HIGHLIGHTS Results Amata Corporation (AMATA TB/BUY/Bt22.70/Target: Bt30.00) 1Q24: Results miss on lower gross margin. Bangkok Expressway and Metro (BEM TB/BUY/Bt8.20/Target: Bt11.60) 1Q24: Earnings in line; rail business maintains its positive gross margin. Berli Jucker (BJC TB/HOLD/Bt25.00/Target: Bt27.00) 1Q24: Results slightly missed expectations; lack of share price catalysts. Electricity Generating (EGCO TB/BUY/Bt112.00/Target: Bt150.00) ...
LH LAND & HOUSES PUBLIC CO. LTD.
PTT PTT PUBLIC COMPANY LIMITED
EGCO ELECTRICITY GENERATING PUBLIC CO. LTD.
AMATA AMATA CORP
BEM BANGKOK EXPRESSWAY AND METRO PUBLIC COMPANY LIMITED
SPALI SUPALAI PCL
MINT MINOR INTERNATIONAL PUBLIC CO. LTD.
HANA HANA MICROELECTRONICS PCL
PTT-R PTT (NVDR)
MINT-R MINOR INTERNATIONAL PCL NVDR
RATCH RATCH GROUP PUBLIC CO. LTD.
SVI SVI PCL
- Bella Lu Yifei
- Benjaphol Suthwanish
- Greater China Research Team
- Jacquelyn Yow Hui Li
- Johnny Yum
- Jonathan Koh
- Kampon Akaravarinchai
- Kasemsun Koonnara
- Kate Luang
- Ken Lee
- Kong Ho Meng
- Leow Huey Chuen
- Limartha Adhiputra
- Malaysia Research Team
- Posmarito Pakpahan
- Singapore Research Team
- Vincent Khoo Boo Aik
Regional Morning Meeting Notes: Friday, May 03, 2024
GREATER CHINA Strategy Alpha Picks: May Conviction Call Adding CR Beer, Crystal, Geely, Haier, Kuaishou, Ningbo Tuopu, Pinduoduo, Shenzhou, and Tencent to our BUY list, closing out SELL calls. Small-Mid Cap Monthly Reiterate BUY on Crystal International. Sector Automobile Weekly: EV sales pick up; take...
600690 HAIER SMART HOME CO. LTD. CLASS A
02313 SHENZHOU INTERNATIONAL GROUP HOLDINGS LIMITED
300014 EVE ENERGY CO. LTD. CLASS A
LH LAND & HOUSES PUBLIC CO. LTD.
ORI ORIGIN PROPERTY
G13 GENTING SINGAPORE
GRU GEELY AUTOMOBILE HOLDINGS LIMITED
00992 LENOVO GROUP LIMITED
00291 CHINA RESOURCES BEER (HOLDINGS) CO. LTD.
002142 BANK OF NINGBO CO. LTD. CLASS A
CPF CHAROEN POKPHAND FOODS PUBLIC CO. LTD.
AKRA PT AKR CORPORINDO TBK
AALI ASTRA AGRO LESTARI
6963 V.S. INDUSTRY
544 CSE GLOBAL LTD.
D05 DBS GROUP HOLDINGS LTD
600660 FUYAO GLASS INDUSTRY GROUP CO. LTD. CLASS A
V03 VENTURE CORPORATION LIMITED
QH QUALITY HOUSES
ERW ERAWAN GROUP
U96 SEMBCORP INDUSTRIES LTD.
B8O YANGZIJIANG SHIPBUILDING (HOLDINGS) LTD.
SXC SUNNY OPTICAL TECHNOLOGY (GROUP) CO. LTD.
JSMR PT JASA MARGA (PERSERO) TBK CLASS B
01299 AIA GROUP LIMITED
TU THAI UNION GROUP PUBLIC COMPANY LIMITED
GFPT GFPT
SPALI SUPALAI PCL
C52 COMFORTDELGRO CORPORATION LIMITED
BMRI PT BANK MANDIRI (PERSERO) TBK
Z74 SINGAPORE TELECOMMUNICATIONS LIMITED
O39 OVERSEA-CHINESE BANKING CORPORATION LIMITED
M3I MINTH GROUP LIMITED
AP4 RIVERSTONE HOLDINGS
BSDE PT BUMI SERPONG DAMAI TBK
300124 SHENZHEN INOVANCE TECHNOLOGY CO. LTD CLASS A
002340 GEM CO. LTD. CLASS A
5Z0 ZHONGSHENG GROUP HOLDINGS LTD.
ACES PT ACE HARDWARE INDONESIA TBK
AP AP THAILAND
01316 NEXTEER AUTOMOTIVE GROUP LIMITED
TLKM PT TELKOM INDONESIA (PERSERO) TBK CLASS B
002709 GUANGZHOU TINCI MATERIALS TECHNOLOGY CO LTD CLASS A
00700 TENCENT HOLDINGS LTD.
601689 NINGBO TUOPU GROUP CO. LTD. CLASS A
01585 YADEA GROUP HOLDINGS LTD.
2333 GREAT WALL MOTOR CO. LTD. CLASS H
1211 BYD COMPANY LIMITED CLASS H
02238 GUANGZHOU AUTOMOBILE GROUP CO. LTD. CLASS H
PDD PINDUODUO INC. SPONSORED ADR CLASS A
FEHT FAR EAST HOSPITALITY TRUST
SIDO INDUSTRI JAMU DAN FARMASI SI
SCGB SUNWAY CONSTRUCTION GROUP BH
MYEG MY EG SERVICES BHD
WPRTS WESTPORTS HOLDINGS BHD
MSGB MAH SING GROUP BHD
PMAH PRESS METAL ALUMINIUM HOLDIN
333 MIDEA GROUP
TXG 10X GENOMICS INC CLASS A
TGIF 1933 INDUSTRIES
PSH PRUKSA HOLDING PCL
RGB RGB INTERNATIONAL BHD
338 WEICHAI POWER
709 GIORDANO INTERNATIONAL LTD
1772 GANFENG LITHIUM CO. LTD. CLASS H
869 PLAYMATES TOYS LIMITED
FRKN FRENCKEN GROUP LTD
300750 CONTEMPORARY AMPEREX TECHNOLOGY CO. LTD. CLASS A
603305 NINGBO XUSHENG AUTO TECHNOLOGY (A)
MPM MARCO POLO MARINE LTD
3692 HANSOH PHARMACEUTICAL GROUP
01024 KUAISHOU TECHNOLOGY CLASS B
002920 HUIZHOU DESAY SV AUTOMOTIVE CO LTD
BBTN BANK TABUNGAN NEGARA PERSERO TBK PT
MPACT MAPLETREE PAN ASIA COMMERCIAL TRUST
CMRY PT CISARUA MOUNTAIN DAIRY TBK
123F 123FAHRSCHULE SE
NCKL PT TRIMEGAH BANGUN PERSADA TBK (HARITA NICKEL)
2232 CRYSTAL INTERNATIONAL GROUP LTD
Z29 029 GROUP SE
02015 LI AUTO INC
09868 XPENG INC
BTG BETAGRO PUBLIC COMPANY LIMITED
GENTMK GENTING BERHAD
- Kasemsun Koonnara
Supalai (SPALI TB) - Expect Weak 1Q24 Earnings To Improve In 2Q24
SPALI is expected to report weak results in 1Q24, with a net profit of Bt721m (-33% yoy, -64% qoq). This is due to pressure from market conditions and the aggressive transfers in the previous quarter. However, we expect SPALI’s earnings to improve in 2Q24, mainly underpinned by newly completed condo projects and the low-rise backlog. Maintain BUY. Target price: Bt24.20.
- Benjaphol Suthwanish
- Kasemsun Koonnara
- Kitpon Praipaisarnkit
- Tanaporn Visaruthaphong
Thailand Daily - Tuesday, April 23, 2024
KEY HIGHLIGHTS Sector Electronics 1Q24 results preview: Expect slow improvement to persist. Results Kasikorn Bank (KBANK TB/HOLD/Bt124.00/Target: Bt138.00) 1Q24: Results above expectations; normalisation of credit cost in 2025. Update PTT Global Chemical (PTTGC TB/HOLD/Bt38.75/Target: Bt38.00) 1Q24 results preview: Slow core profit recovery expected. Supalai (SPALI TB/BUY/Bt20.40/Target: Bt24.20) Expect weak 1Q24 earnings to improve in 2Q24.
- Benjaphol Suthwanish
- Heidi Mo Jinghui
- Jo Yee Ng
- Johnny Yum
- Kasemsun Koonnara
- Kitpon Praipaisarnkit
- Kong Ho Meng
- Llelleythan Tan Tan
- Paula Ruth
- Shirley Wang Xueyi
- Stella Guo Yuting
- Stevanus Juanda
- Tanaporn Visaruthaphong
- Wei Xiang Ku
Regional Morning Notes - Tuesday, April 23, 2024
GREATER CHINA Update Jiumaojiu International Holdings (9922 HK/BUY/HK$4.57/Target: HK$5.30): SSS declines in 1Q24; strategic readjustment to fit value-for-money experience. Li Ning (2331 HK/HOLD/HK$17.50/Target: HK$19.20): 1Q24 sell-through growth in line; expect sell-through growth to pick up starting from 2H24. INDONESIA Strategy Potential Impact Of The Middle East Conflict: Our top picks: Banking – BBNI, BBTN; property − BSDE, CTRA; technology – BUKA; consumer − MYOR, CMRY; retail – ACES; in...
5218 SAPURA ENERGY BHD
SPALI SUPALAI PCL
C52 COMFORTDELGRO CORPORATION LIMITED
KBANK KASIKORNBANK PUBLIC CO. LTD.
PTTGC PTT GLOBAL CHEMICAL PUBLIC COMPANY LTD
PTI TELEKOMUNIKASI INDONESIA TBK PT (ADR)
SMELT MALAYSIA SMELTING CORP BHD
09922 JIUMAOJIU INTERNATIONAL HOLDINGS LTD.
- Kasemsun Koonnara
Supalai (SPALI TB) - 4Q23: Results Exceed Expectation, Expect To See A...
SPALI reported 4Q23 earnings at Bt2.0b in 4Q23 (-7% yoy, +69% qoq), beating our and consensus estimates by 19% and 15% respectively. 2023 earnings were at about Bt6.0b (-27% yoy). SPALI has solid fundamentals and a diversified portfolio that make it more advantageous than mid-to-small developers. Despite challenges, earnings are expected to recover in 2024. Maintain BUY. Target price: Bt24.20.
- Kampon Akaravarinchai
- Kasemsun Koonnara
- Tanaporn Visaruthaphong
Thailand Daily - Wednesday, February 21, 2024
KEY HIGHLIGHTS Results AP Thailand (AP TB/BUY/Bt10.90/Target: Bt13.50) 4Q23: Results in line; targets to grow presales and revenue in 2024 despite challenges. GFPT (GFPT TB/BUY/Bt11.70/Target: Bt14.40) 4Q23: Better-than-expected results; resilient momentum in 1Q24. Muangthai Capital (MTC TB/HOLD/Bt43.50/Target: Bt40.00) 4Q23: Earnings beat market expectation. Supalai (SPALI TB/BUY/Bt19.80/Target: Bt24.20) 4Q23: Results exceed expectation, expect to see a recovery in 2024
- Adrian Loh Tzum Yung
- Chong Lee Len
- Damon Shen
- Desmond Chong Chee Wai
- Jacquelyn Yow Hui Li
- Jieqi Liu
- Jonathan Koh
- Julia Pan Mengyao
- Jun Sian Tan
- Kampon Akaravarinchai
- Kasemsun Koonnara
- Leow Huey Chuen
- Ming San Soong
- Posmarito Pakpahan
- Tanaporn Visaruthaphong
- Wei Xiang Ku
Regional Morning Notes - Wednesday, February 21, 2024
GREATER CHINA Sector Property: A closer look at China’s property market: Takeaways from project visits in Shenzhen/Guangzhou/Shanghai/Suzhou. Update Meituan (3690 HK/HOLD/HK$72.75/Target: HK$70.00): 4Q23 results preview: Pressured margins given persisting headwinds and competition. Downgrade to HOLD. INDONESIA Sector Banking: Loan growth to support earnings growth in 2024. MALAYSIA Results CelcomDigi (CDB MK/HOLD/RM4.37/Target: RM4.50): 2023: Above our expectations but in line with street est...
- Kasemsun Koonnara
Supalai (SPALI TB) - SPALI To Set New Records In 2024
SPALI is set to break all records with its impressive project launches, presales, and revenue targets in its 2024 business plan. We still expect an earnings recovery in 2024 despite many challenges. In addition, we still like its solid fundamentals. Maintain BUY. Target price: Bt24.20.
- Kasemsun Koonnara
- Bella Lu Yifei
- John Cheong Ming Chern
- Jonathan Koh
- Julia Pan Mengyao
- Kasemsun Koonnara
- Ken Lee
- Limartha Adhiputra
- Llelleythan Tan Tan
- Ming San Soong
- Nurul Nazira Binti Abdullah
Regional Morning Notes - Friday, January 26, 2024
GREATER CHINA Sector Automobile: Weekly: EV sales rebounded in the third week of 2024 on price cuts, implying lower margins. Top SELLs: BYD, XPeng and Li Auto. Update JD.com (9618 HK/BUY/HK$90.40/Target: HK$135.00): Resilient user growth and normalised revenue growth fostering solid recovery in 2024. INDONESIA Sector Mining Expecting nickel prices to bottom out in 2024 with potential recovery in 2025. MALAYSIA Results Pavilion REIT (PREIT MK/BUY/RM1.24/Target: RM1.47): 4Q23: Results in line...
- Kasemsun Koonnara
Supalai (SPALI TB) - 3Q23: Disappointing Earnings, But Expected To Rec...
SPALI reported disappointing earnings in 3Q23, down 57% yoy and 30% qoq, coming in below our and consensus forecasts. We expect earnings to improve qoq in 4Q23, driven by huge backlogs and substantial launches with ready-to-move-in units. In 2024, earnings are expected to see yoy growth. Its undemanding valuation and an attractive dividend yield will the underpin share price. Maintain BUY. Target price: Bt24.20.
- Arsit Pamaranont
- Kampon Akaravarinchai
- Kasemsun Koonnara
- Kitpon Praipaisarnkit
- Kochakorn Sutaruksanon
- Tanaporn Visaruthaphong
Thailand Daily - Wednesday, November 15, 2023
KEY HIGHLIGHTS Results Amata Corporation (AMATA TB/BUY/Bt23.30/Target: Bt30.00) 3Q23: Earnings below estimates; remain positive on outlook ahead. BTS Group Holdings (BTS TB/HOLD/Bt7.30/Target: Bt7.00) 2QFY24: Turnaround in profit from associates and one-off items, still lower than expected. Electricity Generating (EGCO TB/BUY/Bt127.00/Target: Bt200.00) 3Q23: A strong quarter as expected. Indorama Ventures (IVL TB/BUY/Bt24.00/Target: Bt30.00) 3Q23: Better growth profile at discounted valuati...
EGCO ELECTRICITY GENERATING PUBLIC CO. LTD.
AMATA AMATA CORP
ERW ERAWAN GROUP
IVL INDORAMA VENTURES PUBLIC CO. LTD.
SPALI SUPALAI PCL
IVL-R INDORAMA VENTURES PCL (NVDR)
BTS BTS GROUP HOLDINGS PUBLIC CO. LTD.
CPF-R CHAROEN POKPHAND FOODS PCL NVDR
RATCH RATCH GROUP PUBLIC CO. LTD.
SVI SVI PCL
ONEE THE ONE ENTERPRISE PCL
- Damon Shen
- Desmond Chong Chee Wai
- Heidi Mo Jinghui
- Jacquelyn Yow Hui Li
- Jieqi Liu
- John Cheong Ming Chern
- Kampon Akaravarinchai
- Kasemsun Koonnara
- Kochakorn Sutaruksanon
- Kong Ho Meng
- Leow Huey Chuen
- Llelleythan Tan Tan
- Posmarito Pakpahan
- Tanaporn Visaruthaphong
Regional Morning Notes - Wednesday, November 15, 2023
GREATER CHINA Sector Property: New-home sales still weak; PBOC’s decision to offer PSL/Special Loan will be positive for market stabilisation. INDONESIA Sector Healthcare: 3Q23: Strong patient volume growth and improving revenue intensity. MALAYSIA Results Dialog Group (DLG MK/BUY/RM2.10/Target: RM2.85): 1QFY24: Results in line, as upstream business (higher production) and storage income (ie PITSB) more than offset the continued EPCC cost overruns. Small-Mid Cap Highlights NationGate Holdings ...
- Damon Shen
- Greater China Research Team
- Heidi Mo Jinghui
- Jack Goh Tooan Orng
- Jacquelyn Yow Hui Li
- Jieqi Liu
- Jo Yee Ng
- John Cheong Ming Chern
- Jonathan Koh
- Kasemsun Koonnara
- Kwanchai Atiphophai
- Limartha Adhiputra
- Malaysia Research Team
- Shirley Wang Xueyi
- Stella Guo Yuting
- Vincent Khoo Boo Aik
Regional Morning Notes - Tuesday, October 24, 2023
GREATER CHINA Results Hong Kong Exchanges and Clearing (388 HK/BUY/HK$285.20/Target: HK$370.00): 3Q23: Earnings beat on investment income; core revenue remains lacklustre. Kweichow Moutai (600519 CH/BUY/Rmb1,643.98/Target: Rmb2,470.00): 3Q23: Lower-than-expected revenue growth; highest earnings visibility. Update CR Land (1109 HK/BUY/HK$29.55/Target: HK$47.48): Takeaways from site visits in Chengdu and Chongqing: A closer look at CR Land’s core growth engine. CR Mixc Lifestyle Services (1209 HK/...
01109 CHINA RESOURCES LAND LIMITED
00388 HONG KONG EXCHANGES & CLEARING LTD.
600519 KWEICHOW MOUTAI CO. LTD. CLASS A
SPALI SUPALAI PCL
KBANK KASIKORNBANK PUBLIC CO. LTD.
SCB SIAM COMMERCIAL BANK PUBLIC COMPANY LIMITED
4731 SCIENTEX
SUN SUNTECH SA
1209 CHINA RESOURCES MIXC LIFESTYLE SERVICES
SE US SEA LIMITED
- Kasemsun Koonnara
Supalai (SPALI TB) - Expect 3Q23 Earnings To Decrease 45% YOY And 12% ...
Our forecast suggests a net profit of Bt1.5b for 3Q23 (-45% yoy, -12% qoq). SPALI is expected to report disappointing results, primarily due to diminished presales caused by market conditions, notably in the low-rise segment. However, we maintain BUY on SPALI due to the expectation of better performance in 4Q23 and 2024, as well as an undemanding valuation. Target price: Bt26.00.
- Kasemsun Koonnara
- Kwanchai Atiphophai
Thailand Daily - Tuesday, October 24, 2023
KEY HIGHLIGHTS Results Kasikorn Bank (KBANK TB/HOLD/Bt129.00/Target: Bt145.00) 3Q23: Net profit exceeded expectations; upside gains limited by persistently high credit cost and low dividend payout. Kiatnakin Phatra Bank (KKP TB/BUY/Bt51.50/Target: Bt69.00) 3Q23: Weak results as expected; negatives should have been priced in. SCB X (SCB TB/BUY/Bt99.75/Target: Bt124.00) 3Q23: Results in line with our expectations but below consensus’. Update Supalai (SPALI TB/BUY/Bt19.00/Target: Bt26.00) Expe...
- Kasemsun Koonnara
Supalai (SPALI TB) - 2Q23: Earnings Down 18% YOY But Up 57% QOQ; Above...
SPALI posted a net profit of Bt1.7b in 2Q23 (-18% yoy, +57% qoq), which was above our and consensus’ forecasts by 9% and 7% respectively. 2H23 presales are expected to improve hoh, driven by the solid demand for the low-rise provincial segment and the upcoming project launches in 2H23. 3Q23 earnings are expected to be more robust qoq, driven by condo transfers. SPALI announced an interim dividend payment with a yield of 3.4%. Maintain BUY. Target price: Bt25.80.
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