AJD and CTH plan to sell set-top boxes for Premier League football. They target Bt338mn in sales (200,000 set top boxes) within one year. It expects membership fees to drive revenue growth to 50%. (Khao Hoon, 18/08/15)
Comment: CTH desperately needs to find a way to make money from its PL licenses, they are still massively in the red, a rather rare miscalculation by the man behind it.
AKR expects 3Q15 earnings to be better than 3Q14’s Bt34.3mn backed by numerous orders. It expects to bid for Bt1.5-2bn in MEA and PEA jobs. It expects 2016 revenue to surge. It plans to invest in alternative energy which is expected to contribute Bt1bn revenue. (Thun Hoon, 18/08/15)
Comment: Should the renewable industry be as big as people hope, AKR should at one point receive some of the spillover.
ANAN says sales of Ananda Urban Pulse reached Bt3bn. It expects 3Q15 sales to be higher than Bt4.4bn backed by demand for condos near BTS. (Khao Hoon, 18/08/15)
Comment: I do think their marketing costs will be higher than analysts expect for the coming quarter.
AQUA reported 2Q15 earnings of Bt67mn (+60%). It expects stable growth in 2015 revenue. It plans to invest in warehouse and power plant. (ASTV, 18/08/15)
BLAND reported 1Q15 earnings of Bt2.93bn (+634%) backed by extra gain. Impact Growth REIT reported 1Q15 net profit of Bt266mn and expects to pay a dividend of Bt0.175/share. (Khao Hoon, 18/08/15)
EPG expects 2015 net profit to mark a record high backed by large orders. It expects stable growth in 2QFY15 revenue. (Khao Hoon, 18/08/15)
Comment: And they too are a beneficiary of the decrease in oil prices.
FIRE targets revenue from overseas of 40% within five years. It plans to expand to Cambodia, Myanmar and Laos. It will talk to a party in September about opening new branches in Cambodia. It plans to introduce a new product
FORTH expects 3Q15 earnings to be higher than 2Q15’s Bt1.17bn. It is confident 2015 revenue will achieve target of Bt5bn. It has budgeted Bt600mn for CAPEX. (Thun Hoon, 18/08/15)
Comment: FSMART is more and more becoming the main growth driver behind FORTH
GUNKUL expects 3Q15 to mark a new high. It expects 2015 revenue of Bt4-5bn (+40%). It plans to ask for approval from shareholders for the acquisition of on four assets, despite IFA disagreement. (Khao Hoon, 18/08/15)
Comment: Love how they use an IFA who says the deal is not positive and yet they still want to go ahead, will be interesting to see if minority shareholders come out in force against as they did with BJC
ILINK expects 3Q15 earnings to grow 20-25%. It plans to bid for Bt6.8bn in projects, which it expects will boost revenue to Bt3bn with Bt300mn in net profit. It plans to invest with AIT in two data centers. (Khao Hoon, 18/08/15)
Comment: Still likely to be a major winner in the digital economy space
MALEE expects 2015 revenue to grow 10% aided by overseas sales. It targets international revenue of 25% and expects to achieve 50% in 2018. It is talking to a prospective JV partner in the Philippines. (Khao Hoon, 18/08/15)
Comment: Should exports pick up for Malee and if they are able to fill their unused 50% capacity then don’t be surprised to see MALEE’s valuation increase 1-2x
MC will pay an interim dividend of Bt0.35/share, XD on Aug 26. It expects 2015 revenue to grow 10-15% from 2014’s Bt3.53mn backed by high demand. (Thun Hoon, 18/08/15)
Comment: I still don’t see the story that brokers and some investors are pushing with Mc, their multi brand multi product approach isn’t working and SSS are still weak/negative
MILL reported 1H15 EBITDA of Bt626.53mn with 209% net profit growth. It expects to show a net profit this year. It targets D/E ratio to 1X within three years. (Bangkokbiznews, 18/08/15)
PTTGC expects 2015 net profit to be better than 2014’s Bt15bn aided by strong recovery of olefin derivatives and improved spreads of aromatics. (ASTV, 18/08/15)
S reports that its board has approved investing in SPD. It plans to take a 99.99% stake. (Khao Hoon, 18/08/15)
SEAFCO expects 2H15 earnings to be better than 1H15’s Bt484.69mn backed by numerous orders. It targets 2015 revenue to grow 15% as construction continues to trend up. It expects to get Bt500mn in jobs which will increase backlog from Bt1.03bn. (Thun Hoon, 18/08/15)
Comment: The media likes to report that the government isn’t spending the $, but companies like SEAFCO are continuing to do very well.
SIAM has signed an MoU with a Japanese partner to invest in civil engineering products for a government mega project, expected to be finalized soon. It plans to invest in the power business after shareholder approval. It expects 2016 revenue to continue to trend up aided by high orders. (Thun Hoon, 18/08/15)
TSR expects 2H15 earnings to be good backed by high margin products. It plans to introduce water heaters in 3Q15. It is talking to a producer of washing machines. It is confident 2015 revenue will achieve 25-30% target growth. It is looking for a partner to do business in AEC. (Thun Hoon, 18/08/15)
Comment: I still like the potential here with its move towards the modern trade for sales
TTA reported 2Q15 net profit of Bt135.4mn from ฟ net loss of Bt288.3mn in 1Q15 supported by subsidiaries, although its shipping business still is turning in losses. It expects 2H15 earnings to be good aided by uptrend in BDI. (Thun Hoon, 18/08/15)
Comment: This mini conglomerate still can’t find a way to make $
TVT reported 2Q15 net profit of Bt10.7mn (+519%YoY) aided by digital content business. It plans to focus on being a content provider for the rest of the year. (Thun Hoon, 18/08/15)
UAC reported 2Q5 earnings of Bt25mn, better than expected. It targets 2015 revenue of Bt1.5bn backed by power business and subsidiaries. (Khao Hoon, 18/08/15)