ACAP plans to expand to Cambodia and Myanmar via subsidiary “Capital OK” and expects to conclude the deals this year. It targets loans to reach Bt3bn after reported 1H16 loans of Bt2.1bn. It plans to issue a new debenture worth Bt600mn in 4Q16. It expects to list a subsidiary on the SET. (Thun Hoon, 25/07/16)
Comment: It isn’t unimagineable to see Thai financial co’s to gain strong market share in Laos and Cambodia, Myanmar however, could be a tougher nut to crack
AKR expects 2016 revenue growth of 25% supported by outstanding 2H16 earnings. It expects 2016 earnings to be expanded by government projects such as mass transit lines, SEZ and property that will support demand. (Thun Hoon, 25/07/16)
BKD expects 2H16 to be good. It plans to bid for 2-3 new jobs worth Bt3bn, of which it expects to get Bt1.5bn. It has backlog of more than Bt1.7bn and expects to book this in 3Q16. (Khao Hoon, 25/07/16)
CHG spent Bt600mn to invest in Ruamphat Chacherngsao Hospital. Construction will begin this September and it will open in 2018. (Khao Hoon, 25/07/16)
GOLD expects to report good earnings in 2Q16 in mid-August. Its presales hit Bt8.5bn for the first half of the year with Bt3bn backlog. (Khao Hoon, 25/07/16)
Comment: The story for this company is rather well covered, residential property sales with some offices and a REIT.
IVL expects 2Q16 net profit to reach Bt2.5bn driven by higher sales and higher spread between PTA and PET. (Thun Hoon, 25/07/16)
Comment: And another revaluation of an acquisition ?
LIT expects 2H16 earnings to be good from seasonality in 3Q16. It expects revenue, net profit, and loan portfolio to grow not less than 30%. It expects 2016 performance to mark a record high. (Thun Hoon, 25/07/16)
LPH plans to negotiate to acquire Decha Hospital. It will ask board approval on Aug 11. It plans to invest in another two hospitals. It expects 2Q16 earnings to be good because of its specialist clinics. It targets 2016 revenue to grow 10%. (Khao Hoon, 25/07/16)
OISHI expects 2Q16 earnings to be good thanks to the beverage segment. It plans to open 20 food stores this year. It targets 2016 revenue to reach Bt835mn. (Thun Hoon, 25/07/16)
PPP targets 2016 revenue to grow 12% driven by every business segment. It expects to invest in a biomass power plant via its subsidiary. It targets total capacity to reach 30-60MW within 2018 from 15MW. It expects to get a job as a subcontractor. (Thun Hoon, 25/07/16)
SIRI expects 1H16 performance to be good thanks to numerous presales. It plans to launch 13 projects, valued Bt37.4bn. It plans to revise 2016 revenue after it reported 2Q16 revenue aided by transfers. Its backlog is Bt34bn, expects BT9bn to be booked this year. (Thun Hoon, 25/07/16)
Comment: Their backlog could double within the next few months when we see what projects they are planning on launching.
Institutional investors bought 5.2% of SPA shares. It expects 2Q16 earnings to outperform; it will release earnings in mid-August. It targets 2016 revenue growth of 35% but expects to revise up after it reports 1H16 earnings. (Khao Hoon, 25/07/16)
TFG expects to show a good performance in 2H16 because of increasing its capacity for broilers, swine, and feed. It expects 2016 revenue to soar and show net profit. It expects to pay a dividend in 2017-2018. (Thun Hoon, 25/07/16)
Comment: Perhaps another one to bang my head against the wall, looked @ it below 2 and remembered thinking at the time that its an average management team with poor performance versus its comps but when pork prices perform the way have recently, even a dog has its day.
TIPCO expects 2H16 earnings to be good brought by seasonality in 4Q16. It expects 2016 revenue growth to be no less than 10%. It plans to expand to ASEAN. (Thun Hoon, 25/07/16)
Comment: All the value in TIPCO is TASCO
UAC is talking to a prospective partner to invest in alternative energy abroad. It expects a decision to be made soon. It expects this to comprise 60% of total revenue. It expects 2Q16 earnings to be good. It expects 2016 revenue to achieve its target of Bt1.8bn. (Thun Hoon, 25/07/16)