Vietnam government has approved AMATA investment in Amata City Long Thanh, valued at US$258mn. It expects this to open in 2017 and attract US$500mn in foreign investment intially. Management expects Chinese companies to set up plants in this industrial estate, with value reaching US$4bn within ten years. (Thun Hoon, 27/08/15)
Comment: Vietnam has a few things going for it in terms of FDI, American guilt from the war, China looking to control its southern “younger” brother, Korea and Japan looking for a cheaper manufacturing base.
CPF has budgeted Bt10bn for treasure stock of about 5.17% of its shares. It expects 2015 revenue to grow 10% from 2014’s Bt426bn aided by high orders from home and abroad. (Thun Hoon, 27/08/15)
Comment: Boom, another sharebuyback, and why? Simple its holding’s in CPALL effectively mean you’re buying CPF’s business for free
CSS expects stable growth in 2H15 thanks to the telecom business. It expects 2015 revenue of Bt4.8-5bn (20-25% growth). It has opened new offices and a warehouse, preparing for business expansion. (Khao Hoon, 27/08/15)
Comment: Digital economy beneficiary?
GCAP is looking for a business partner, expects to conclude a deal by the end of this year. It expects to get a nano-finance license soon and expects to lend in 2H15. It targets 2015 loans of Bt900mn with revenue close to last year’s Bt186.22mn. (Thun Hoon, 27/08/15)
KTB revised down personal loan growth from 11-12% to 6-9% in response to the economic slowdown. NPLs are at 2.67% and are continuing to increase. It plans to control NPLs to not over 2.8%. (ASTV, 27/08/15)
PRECHA says it welcomes a business partner after a property firm revealed plans to take it over. It plans to change its business model to focus on projects near BTS. It expects to show a net profit in 2015 supported by transfers. (Thun Hoon, 27/ 08/15)
PS plans to reschedule new project launch to September as it expects to benefit from government stimulus plan. It expects 2015 revenue of Bt47bn backed by transfers. (Thun Hoon, 27/08/15)
PYLON has been awarded a Bt100mn government project which raises its backlog to Bt700mn. It expects to sign the contract soon. It plans to bid for some of the Bt900mn projects. It expects 2015 revenue to reach a new high, backed by transfers. (Thun Hoon, 27/08/15)
SIAM plans to set up a 1MW solar rooftop in Samut Prakan in 4Q15. It expects this to start operations in March 2016. The capital came from the Japanese government. It plans to invest in alternative energy at home and abroad. (Khao Hoon, 27/08/15)
SLP expects 4Q15 earnings to be good, benefitting from government stimulus measures. It expects 2015 revenue to grow 10% from last year’s Bt644.91mn. It expects its new plant to start operations in 2017. (Thun Hoon, 27/08/15)
SUPER expects to sell electricity of Bt139.6MW by the end of this month. It targets this to reach 500MW this year. It expects to show a net profit in 2015 from 1H15’s net loss of Bt217mn. It expects to get 300MW PPA from MoU with Japanese partner. (Thun Hoon, 27/08/15)
Comment: SUPER’s shift has been remarkable to say the least, I’m still expecting to see a further capital increase, or them taking a smaller stake in each new project, their balance sheet isn’t strong enough
TFD is talking with foreign investor to sell 800 rai of land, valued at Bt7.2bn. (Thun Hoon, 27/08/15)
THAI expects a net profit in 4Q15 on seasonality. Its cabin factor has risen to 80%. (Thun Hoon, 27/08/15)
Comment: Hello recap? and don’t forget to fire half the management team while you’re at it.
THANI expects demand for trucks to increase aided by government mega projects. It expects 3Q15 earnings to be good thanks to seasonality. It plans to open four more branches, adding to the existing 10 branches. (Thun Hoon, 27/08/15)
Comment: If you like THANI, then turn your eyes towards ASK instead.
TRC expects to get a construction job at the potash mine in Chaiyaphom in 4Q15, valued at Bt30bn. It plans to increase its stake in APMC from 4.3% to 25%. It expects 2017 revenue to reach Bt10bn. (Khao Hoon, 27/08/15)
UWC expects to get 500KV high-voltage poles job. It expects 2H15 performance to be better than 1H15. It plans to acquire 4-5 biomass power plants, 9MW each, and expects these to contribute revenue in 2H15. (Thun Hoon, 27/08/15)
WHA plans to issue a 3-year debenture, valued at Bt2bn with coupon rate of 4.15%. It will sell the debenture on September 3,4 and 7. Management expects 2H15 revenue to grow, aided by HEMRAJ. (Thun Hoon, 27/08/15)
Comment: They have to continually offer/rollover their debt until they receive all the $ from the asset carve out of HEMRAJ