AGE expects to become a holding company engaged in the property business. It expects a return of at least 15%. It plans to export coal to Vietnam, which will increase revenue by 5-10%. It expects 4Q15 earnings to be good. It plans to implement cost control to increase profit. (Thun Hoon, 18/01/16)
Comment: A holding company engaged in property? Wait a minute, they are a coal company! Well better to switch now before its too late i suppose.
BBL revises up GDP growth to 3.5-4% from 3-3.5% driven by stimulus measures. It targets loans growth of 3.5%. (Thun Hoon, 18/01/16)
Comment: Don’t banks traditionally grow at 2x GDP?
BKD got a Bt300mn project, decorating Lotte and Marriot hotels. It plans to take part in Bt2bn bids. It targets 2016 revenue and net profit growth of 20%. (Khao Hoon, 18/01/16)
CSP targets steel sales of 150,000 tons driven by economic recovery. It expects to show net profit in 1Q16 after focusing on valued added products. (Khao Hoon, 18/01/16)
DCON targets 2016 revenue of Bt1.1bn, lower than 2015’s Bt1.15bn because of lower property sales plus poorer sales in foundation piling and pre-stressed slab. It plans to launch a Bt1.5bn condo project. (Khao Hoon, 18/01/16)
Comment: Ah sounds like round 2 for this stock is coming.
DRT expects 4Q15 earnings of Bt50mn (+180%YoY) thanks to large orders from property projects. It expects to pay a dividend of Bt0.17/share on 2H15 performance. (Thun Hoon, 18/01/16)
HTECH has budgeted Bt30mn to set up a plant in Vietnam. It expects a 70% in stake in this JV. It is planning its 2016 business plan which is expected to be announced by January. (Thun Hoon, 18/01/16)
Comment: Despite of all this news that Vietnam is booming, I’m hearing from friends that have operations there or a planning to expand there that labour costs already equal that of Thailand
INTUCH expects 4Q15 earnings of Bt4.18bn on the back of better profit from ADVANC and THCOM, equal to Bt15.84bn net profit for 2015. It expects to pay dividend of Bt2.2/share for 2H15. It expects 2016 net profit of Bt15.28bn. (Khao Hoon, 18/01/16)
Comment: Thus effectively nothing has changed.
J is budgeting Bt600mn to focus on rental business. It targets 2016 revenue to grow 20% from last year aided by growth in customer base. (Thun Hoon, 18/01/16)
Comment: The story is that they will expand to have enough community malls to flip into a REIT
MC expects 4Q15 earnings of Bt214.4mn (9% growth) on the back of increasing sales and production improvement. It expects 2015 earnings of Bt696.5mn. (Khao Hoon, 18/01/16)
Comment: If this is only store expansion without SSSG then I still find it quite a worrying trend for the company
SPCG expects 2016 revenue to be not less than Bt5bn thanks to its 260MW solar farms. It expects the 30MW Japanese solar farm to start up soon. It expects to get 40-50MW PPA from a government unit for a solar farm out of a total of 600MW. (Thun Hoon, 18/01/16)
Comment: Still the best (doesn’t mean the best stock) company in renewables today
SYNEX expects 2015 net profit to grow 50% backed by numerous orders and tax incentive. It expects to pay a dividend of Bt0.12/share. (Thun Hoon, 18/01/16)
Comment: Their turnaround in performance seems to have come from a shift to focusing on corporates compared to the past when they were distributing products to retailers.
THAI expects 2016 net profit to be back to the black on the back of lower oil price and cut in oil hedging to 40-45% from 75-80%. (Khao Hoon, 18/01/16)
TMT expects 4Q15 net profit of Bt72mn (39% growth) aided by increasing in steel sales on public projects. It expects 2016 steel sales of 654,000tons (+15.14%). (Khao Hoon, 18/01/16)
TOP expects 4Q15 earnings of Bt3bn mainly driven by a GIM of US$10. It expects 2015 net profit to be higher than Bt11bn. (Khao Hoon, 18/01/16)
TRUE says it is ready to make its first payment on 900MHz using its cash on hand of Bt10bn. It expects to have no problem obtaining a bank guarantee after many commercial banks have approved its loan application. (Khao Hoon, 18/01/16)
UREKA expects to show net profit in 2016. It targets revenue of Bt450mn (15% growth) backed by high margin projects. It expects to wipe out retained losses this year. (Khao Hoon, 18/01/16)
WIIK targets 2016 pipe sales of over 15,000 tons with Bt1bn revenue, close to last year. It expects to sign a contract for a water management project in 1H16. (Khao Hoon, 18/01/16)