ABC plans to launch ABOVE Sukhumvit 39 condo, valued at Bt2.5bn. It expects to open for presales in 3Q16, with prices starting at Bt150,000/sqm. It expects sales to reach 60-70% this year. (Thun Hoon, 17/06/16)
ACC acquired a 5.5MW solar farm in Saraburi, valued at Bt290mn. It expects this to boost its 2Q16 earnings and full year 2016. It says it plans to invest more in order to increase its revenue. (Thun Hoon, 17/06/16)
ADVANC has introduced the prepaid “Zeed SIM 4G YouTube” package to tap teenagers who are heavy data users and has targeted 1.5mn new users with this new package this year. (The Nation, 17/06/16)
Comment: 2Q #’s will be interesting for all players in the industry
AJD expects 2016 revenue to grow more than 15% from last year’s Bt1.76bn on the back of E-commerce and top-up machines. It expects 2Q16 net profit to be better than 1Q16 aided by a bigger customer base. It has signed a contract with KTB that will expand its business. It expects a logistics deal to be concluded in 3Q16. (Thun Hoon, 17/06/16)
Comment: I still don’t believe it yet.
ANAN expects 2Q16 earnings to be good with sales of at least of Bt3.43bn. It expects revenue of Bt2bn. It expects 2016 revenue to reach target backed by Bt38bn transfers. It plans to launch new projects in 2H16. It is budgeting Bt8.7bn to acquire land. (Thun Hoon, 17/06/16)
Comment: Apparently construction time has now decreased to 12-14 months depending upon the size of a project
CI plans to launch three projects, valued at Bt4bn, in 2H16. It plans to engage in the hotel management business. It expects 2016 revenue of Bt3bn. It expects to switch SPWPF to REIT in 4Q16 and sell Sri Panwa Phase2, valued Bt1.25bn, to the REIT. (Thun Hoon, 17/06/16)
Comment: They’ve done a decent job as a smaller property developer utilising the REITS and their hotel assets
DELTA expects 2Q16 earnings to turn around due to lower R&D expense and higher sales. It expects 2016 revenue growth of 10% with margin of 14%. (Thun Hoon, 17/06/16)
GLOBAL is budgeting Bt3bn to open 10 branches in Thailand. It also plans to expand its market in CLMV. It targets 2016 revenue growth of 12-15%. (Thun Hoon, 17/06/16)
GRAND is talking to a prospective partner to invest in a hotel abroad. It expects to show net profit this year, backed by transfers and government stimulus measures. It plans to launch Bt4bn in projects. (Thun Hoon, 17/06/16)
MOONG plans to acquire a related business. It expects a decision to be made this year. Its board approved the issue of a Bt500mn debenture. It plans to expand to CLMV to bring exports to comprise 5% of revenue. (Thun Hoon, 17/06/16)
NWR plans to increase its revenue from abroad to 10% by focusing on CLMV projects. It plans to take part in Bt63bn in bids, of which it expects to get 10%. It expects to book Bt700mn extra gain from winning the Klong Dan case. (Thun Hoon, 17/06/16)
Comment: It’s 5 year stock price chart is the perfect example of an Xmas tree. Although the moment they are able to turnaround their provisions, it’ll do a second round of an xmas tree.
ORI plans to launch a mixed-use project in Laem Chabang- Sriracha, valued at Bt5bn. It expects this to support the growth of tourism and industrial estates. (Thun Hoon, 17/06/16)
THAI added new routes: are BKK-Tehran (three flights/week), starts on Oct 1, and BKKMoscow, starting on Nov 1. It expects 2Q16 cabin factor to be lower than 1Q16’s 77.5% due to low season. It says impairment will be lower in 1Q16 because of no retired aircraft. (Khao Hoon, 17/06/16)
Comment: I’m just curious to see how their 2Q #’s perform. I have my doubts still on this magical accounting turnaround.