AGE AGE set capex of Bt30mn to set up a sorting and gliding plant, supporting its coal transportation services by sea, which it expects to contribute 10% of total revenue. It expects earnings growth of 10% with coal sales target growth of 20-30% to 4mn tons, focusing on customers in China, Vietnam and Cambodia. (Thun […]
Read More →Telecoms ITEL, SKY, SIMAT, TRUE and LOXLEY were awarded NET USO Zone C project. ITEL received Group 8 South valued at Bt2.46bn. SKY received Group 6 Central 1 valued at Bt2.20bn. SIMAT received Group 4 Northeast 2 valued at Bt2.25bn. TRUE received Group 1 North 1 and Group 7 Central 2 total valued at Bt4.82bn. […]
Read More →BANPU BPP, a subsidiary of BANPU, will start commercial operations of a solar farm in Japan. BANPU will begin to book revenue from this shareholding of 15.35MW in 4Q18. BANPU has total electricity production capacity of 2,100MW. It expects earnings of Bt8.8bn, supported by higher coal price and revenue sharing from the power plant business. […]
Read More →BEM BEM reported 3Q18 earnings of Bt3.12bn, +231.8%YoY, mainly from asset write-off. 9M18 profit was Bt4.83bn, +104.4%YoY. Revenue from tolls was Bt2.56bn and revenue from power plant was Bt1.22bn. (Thun Hoon, 12/11/18) Comment: Big BOOM! BGRIM BGRIM reported 3Q18 earnings of Bt795mn, +40%YoY, driven by growth in commercial operations of its power plant. It will […]
Read More →ASK ASK expects 4Q18 loans to grow in line with economic expansion It expects loan growth of 10- 15% from last year’s Bt30bn. It expects NPL ratio to reduce to 2% due to loan quality improvement and strict debt collection. (Thun Hoon, 7/11/18) BBL BBL targets loan growth of 5% next year driven by government […]
Read More →ANAN Luxury condo presales at 70%. ANAN says Ashton Silom, its luxury condominium, has reached presales of 70% of a total value of Bt6.03bn. The target customers of this condominium are both Thais and foreigners enjoying an urban lifestyle. (Thun Hoon, 25/10/18) Comment: And apparently this is part of their strategy, keep the remaining 30% […]
Read More →ANAN ANAN plans to launch three property projects worth Bt6.8bn in 4Q18 and boost its presales to reach its target of Bt35bn this year. It believes demand for condominiums adjacent BTS and MRT lines is still growing. (Kao Hoon, 11/10/18) Comment: For property the story is quite simple…a good location at a decent price typically […]
Read More →AMATA AMATA targets land sales of 925 rai in 2019. It plans to build a new industrial estate and Laos and Myanmar. It is working with SCC and Dow Thailand Group to build the first recycled plastic road in Amata City Chon Buri. (Kao Hoon, 5/10/18) Comment: So the EEC news has driven the share […]
Read More →BCPG BCPG sold two solar farm projects in Japan with total electricity production capacity of 24.53MW to an infrastructure fund. It expects to book the Bt1.1bn proceeds immediately. It targets revenue growth of 15- 50% this year. It continues to set up power plants as planned and studying new investment in power plant projects. (Thun […]
Read More →AOT AOT is considering to postponing the bidding for duty free originally planned for September as the construction of Suvarnabhumi phase 2 has been delayed since it must wait for an Administrative Court ruling, the Permanent Secretary of the Treasury said. (Thun Hoon, 10/9/18) Comment: Oh that’s just ridiculous! The Duty free business is worth […]
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