ADVANC says 2Q15 profit is expected to grow to Bt9.1bn (+7%), with 1H15 growth of 6% to Bt19bn. It expects to pay interim dividend of Bt6.54/share, higher than last year’s Bt6.04/ share. (Khao Hoon, 25/06/15)
Comment: Analysts have now begun downgrading ADVANC’s potential profit growth for this year and next, but its still a good dividend payer
AMATA is confident there is no impact from the drought. It says both its industrial estates have good water management. (Khao Hoon, 25/06/15)
MOT tells EXAT to study the merger between BECL and BMCL to ascertain if it would be against the concession. This will be considered at the board meeting on July 14. (Khao Hoon, 25/06/15)
Comment: We doubt that there would be any negative impact here.
FSMART signed a contract with BEAUTY to invest in E-Commerce. It plans to set up 1,000 coin-operated scales and expects each one to contribute Bt500 per month. (Thun Hoon, 25/06/15)
Comment: Well, depends a lot on the revenue-sharing here.
HFT plans to introduce a new product “Duro” in the Philippines. It expects 10-15% revenue growth this year. It plans to broaden OEM customers and raise capacity, preparing for new orders. (Thun Hoon, 25/06/15)
ILINK has signed a Bt284.84mn contract. Most orders are related to high-value projects and it expects to start booking revenue this year. (Thun Hoon, 25/06/15)
Comment: ILINK is incredibly well positioned by this shift in technology, worth a deeper look.
Management says IRPC expects to sign a waste power plant contract in July. Investment in biomass power plant is progressing and expected to be finalized soon. It expects to get Bt3bn in new jobs. (Thun Hoon, 25/06/15)
LANNA plans to invest in A 3-8MW waste power plant, budgeting Bt100mn, and expects it to be finalized in 3Q15. (Khao Hoon, 25/06/15)
Management reports that subsidiary, Land and Houses USA, Inc., sold an apartment in California for US$18.14mn on June 19. (Khao Hoon, 25/06/15)
LOXLEY and China Telecom will partner to develop a telecommunications network and highspeed internet. (Thun Hoon, 25/06/15)
ML plans to set subsidiary for debt collection. The company has already bid for Bt200mn NPLs and is ready for the next bid. 2Q15 profit is expected to surge. (Khao Hoon, 25/06/15)
Comment: More and more players getting into this game, negative for JMT and SAWAD?
PLE says 2Q15 revenue is expected to be close to 2Q14’s. It expects 2015 revenue of Bt7-8bn, benefitting from Bt10bn backlog which is expected to contribute revenue. It expects to conclude the sale of Soho and a biomass power plant in two months. It is considering a JV. (Khao Hoon, 25/06/15)
Investors are interested in PTG shares, supporting by its strong fundamentals. Management says it plans to invest in an ethanol project which it expects to conclude by 4Q15. 2Q15 revenue is expected to be better than 1Q15’s Bt11.4bn, with 20% revenue growth in 2015. (Thun Hoon, 25/06/15)
Comment: Have been continually positively surprised by their earnings, the operational leverage that PTG is able to achieve is outstanding.
PTT signed three MoUs with RATCH to invest in a LNG receiving terminal in Myanmar and coal power plants in Myanmar, Indonesia and Vietnam. The total budget is US$2.8bn. (Khao Hoon, 25/06/15)
QH will issue Bt3bn debenture to institutions; selling period is June 24-25. The funds will be used for debt repayment and working capital. (Thun Hoon, 25/06/15)
SYNEX expects 2Q15 earnings to be better than 1Q15, aided by a broader customer base. It plans to raise the proportion of high-margin products. It is confident 2015 revenue will achieve target of Bt21bn, benefitting from a 100% increase in revenue from Myanmar. (Thun Hoon, 25/06/15
Comment: SYNEX does seem to be caught in a cycle of consumer demand behaviour, when smart phones were hot and margins decent SYNEX performed very well and then the margins collapsed, quite curious what these new “high margin” products are.
TTW expects 5-10% revenue growth this year, backed by demand for tap water. It expects a good performance in 2H15 supported by economic and export recovery. (Khao Hoon, 25/06/15)
WAVE is budgeting Bt430mn to buy GRAMMY’s shares in Index Creative Village. It believes this deal will raise its business opportunity. It expects to become a leader in Asia. (Khao Hoon, 25/06/15)
Comment: A decent buy by WAVE, shame for GRAMMY to sell but they need the cash for the Digital TV
WORK plans to allocate 20mn warrants at a ratio 20 old shares for 1 warrant, with exercise price of Bt38.1; XW is Sep 18. (Khao Hoon, 25/06/15
Comment: Retail punters love it!