CHOW got EPC project from Primo energy for a 10MW solar farm. (FUKUI project, valued at Bt3bn.) (Khao Hoon, 16/06/16)
IVL plans to cooperate with Dhunseri, expects this to expand its PET market in India. It expects a decision to be finalized by 2016. It expects 2016 outlook to be good after its capacity reaches 9mn tons. It expects significant growth in 2016 net profit and revenue. (Thun Hoon, 16/06/16)
Comment: I’m looking forward to seeing what else they put in their 2Q16 numbers
LPN expects 2Q16 earnings to mark a record high. It expects 2H16 earnings to be better than 1H16 aided by Bt5bn in transfers and Bt5.8bn backlog. It expects 2016 sales to reach Bt17.6bn. It plans to launch 10-12 projects this year. (Khao Hoon, 16/06/16)
Comment: Well if 2Q is indeed the high, then it should be near THB 6 bn in revenues, otherwise they will have a tough time at matching last years revenue numbers
PYLON got a Bt150mn foundation project, expects to sign the contract soon. This raises its backlog to Bt750mn. It plans to take part in Bt2bn bids. It expects 2016 revenue to reach Bt1.2bn as targeted, backed by transfers. (Thun Hoon, 16/06/16)
SCN expects 2016 revenue to grow 40% thanks to higher demand for NGV. It is budgeting Bt1bn for business expansion. It expects a 5MW cooperative solar farm to start up by the end of this year. (Khao Hoon, 16/06/16)
SPCG received dividend of Bt255.58mn from subsidiaries SPC and SPA. It expects growth in 2Q16. It targets 2016 revenue of Bt5.5bn and plans to expand solar roof. (Khao Hoon, 16/06/16)
Comment: Their growth prospects look dim but they should have a fair amount of cash within the next few years after repaying all the loans.
SUSCO expects 2Q16 net profit to be good backed by high demand and lower price. It expects exports to grow 10%. It plans to add 10 gas stations and cooperate with coffee shops and convenience stores. It expects 2016 revenue of Bt20bn with 1bn liters in oil sales. (Thun Hoon, 16/06/16)
TAKUNI expects 2H16 revenue to be good boost by Bt650mn backlog, of which it expects to book Bt400mn in 2H16. It expects to get other mega project. It expects to complete the sale of a power plant in 3Q16. It expects 2016 revenue to reach Bt2bn. (Thun Hoon, 16/06/16)
TICON expects 2H16 earnings to be good because of selling assets to a REIT. It expects 2016 revenue to grow 10% backed by both rental and sales portfolio. It is budgeting Bt4bn for business expansion. It plans to invest in warehousing in Cambodia, with a decision to be made by 4Q16. (Thun Hoon, 16/06/16)
TPBI expects 2016 net profit to reach Bt390mn. It plans to increase its capacity if its utilization rate of recycled thermoplastics hits 100% this year. (Khao Hoon, 16/06/16)
TSR expects 2016 revenue of Bt2bn (30% growth) due to a wider customer base upcountry. It opened a new branch in Roi Et, offering a special promotion for June 15-July 31. It expects this to boost its clientele in the northeast. (Khao Hoon, 16/06/16)
TTA expects 2Q16 earnings to turn around due to recovery in BDI, oil price, and coal price. It expects 2H16 earnings to be good on the back of dry bulk shipping and large orders at its underwater engineering business segment. It plans to invest in four new businesses in Thailand and Indochina (logistics, utilities, power, and food business). It expects 2016 net profit of Bt58mn. (Thun Hoon, 16/06/16)
Comment: Really? I’ve been waiting to hear about this turnaround for years.
UAC expects growth in 2Q16 earnings backed by the power business. It expects 2016 revenue to hit Bt1.8bn. It expects to complete a deal for the Japanese solar farm soon. (Khao Hoon, 16/06/16)
Comment: If they can achieve everything they plan to, it’s cheap, if not, its expensive. So simple.