BEAUTY expects 2H16 high season to support its sales. It is confident that 2016 revenue will grow more than 20%. It plans to expand its branches in Thailand and abroad. (Kao Hoon, 24/08/16)
Comment: The odd thing is that we are seeing management sell shares in the market
BJC expands glass output capacity – BERLI JUCKER(BJC) is investing Bt2 billion in the construction of a new furnace with a production capacity of 300 tonnes of glass a day, in order to cater to rising demand for glass containers. (The Nation, 24/08/16)
Comment: Watch them dominate Thailand and Vietnam along with Central Group
BTW announced a dividend of Bt0.27/share, XD today and payment on Sep 9. It has backlog of Bt1.56bn and expects 2H16 earnings to be good. (Thun Hoon, 24/08/16)
EA plans to COD a 126MW wind power plant at Nakhon Si Thammarat at the end of 2016. This will lift capacity to 404MW, doubled from 2015. It expects 2016 earnings to be a new high. It plans to do five more projects in Chaiyaphum worth Bt20bn to increase capacity to 64MW. (Thun Hoon, 24/08/16)
GPSC expects 2016 revenue and profit to jump due to booking revenue from IRPC, Nava Nakorn power plant and more new customers. It announced a five-year plan to have capacity of 2,800MW and expects the board to approve its investment budget of Bt19bn. (Kao Hoon, 24/08/16)
ITD get a big project worth more than Bt1.28bn to bring backlog up to over Bt200bn. It expects earnings to turn to profit after it reported a net loss in 2Q16. (Thun Hoon, 24/08/16)
Comment: With the recent win @ AOT, will they have to raise capital again?
Malee Group and Mega Lifesciences will set up a 49:51 joint venture called Mega Malee Company to develop health-related natural foods and beverages for both local and international markets. Initial investment is put at Bt10 million. (The Nation, 23/08/16)
Comment: That added a little pop to both their share prices that day
PLE board approved a capital increase, issuing 1,633mn shares via PP at a ratio 1:1, price at Bt1/share and a free warrant at a ratio of 2:1. It plans to restructure to support future potential. (Kao Hoon, 24/08/16)
Comment: A turnaround play in the construction sector?
PTTEP reduced investment budget to US$1.7bn due to cost savings. It expects to maintain 2016 petroleum sales at 322k bbl/day. (Kao Hoon, 24/08/16)
SEAFCO got a new job worth Bt153mn. It is confident that 3Q16 earnings will be a new high supported by jobs in hand and new jobs waiting to be booked. (Thun Hoon, 24/08/16)
TFG is confident that 2016 revenue will be more than Bt20bn due to an increase in swine and poultry export volume. It expects export portion to increase to 20% and expects poultry price to continue to trend up. (Kao Hoon, 24/08/16)
TOP is studying CFP project which will increase capacity to 400k bbl/day, at a cost of US$3-4bn. (Kao Hoon, 24/08/16)
TPOLY expects TPCH to generate revenue due to JV with partner. It expects to get a biomass power plant in the south. It plans to bid for a construction job worth Bt1.5-2bn. It expects 2016 revenue growth of 10% and expects TPCH revenue to grow 200%. (Thun Hoon, 24/08/16)
Comment: A Tipco part deux?
VGI acquires major stake in Rabbit from BTS Group – VGI GLOBAL Media has acquired a major stake in the Rabbit e-payment business from BTS Group Holdings, aiming to become an integrated provider of ad-media services. (The Nation, 24/08/16)
WORK expects revenue to double, supported by high season and its theater business. It plans to increase its growth target to 10-15%. (Thun Hoon, 24/08/16)