Suvarnabhumi expects bids by October – The long-awaited expansion of Suvarnabhumi airport is slated to have an auction for contractors in October, with construction starting by February, says president Nitinai Sirismatthakarn of the state-controlled Airports of Thailand (AoT). (Bangkok Post, 15/09/16)
MRTA will negotiate with BEM for the Blue Line extension, Chaloem Ratchamongkhon Line and hub station next week. MRTA plans for concessions to expire in 2049. (Kao Hoon, 15/09/16)
BJCHI plans to bid for a new job worth Bt20bn and expects to get this job. This will increase its backlog from Bt3.1bn. It expects 2016 revenue to achieve its target growth of 15% from Bt5.7bn in 2015, supported by more new orders. (Thun Hoon, 15/09/16)
BRR expects 2016 revenue and profit to be stable from last year backed by a recovery in sugar price in 2H16. It has now switched to FiT for its power business and this will boost revenue by 20% and lift the proportion of revenue from power to 10%. It plans to set up a fund worth Bt3.6bn next year. (Kao Hoon, 15/09/16)
Comment: Could sugar names be the biggest turnaround story next year? Like the O&G and Food names this year.
CBG expects 2H16 earnings to be good after reporting 1H16 revenue of Bt4.48bn supported by demand from home and abroad. It expects 2016 sales to grow 20% from last year due to more customers. It has budgeted Bt2.61bn to increase can and bottle production capacity. (Thun Hoon, 15/09/16)
ITD plans to book revenue of Bt50-60bn this year from its backlog of Bt200bn. It expects to sign contracts worth Bt50bn and bid in the more than Bt300bn in government infrastructure jobs. It expects to get at least 25% of total project value. (Thun Hoon, 15 /09/16)
ITEL price surged 56% yesterday, its first day of trade. It expects revenue growth of 40-60% in three years. It is confident that 2016 revenue will reach Bt650mn. Recently, it got a new job worth Bt52.67mn. (Kao Hoon, 15/09/16)
KSL reported a fall in 3QFY16 net profit of 62% to Bt87mn, with 9MFY16 net profit of Bt615mn, down 43% due to plant shutdown, volume decrease and higher cost. (Kao Hoon, 15/09/16)
Comment: See BRR
LIT expects 3Q16 to grow due to high season. Recently, it lent more than Bt55mn for project finance. It is confident its loan portfolio will grow and support revenue and profit growth of over 30%. (Thun Hoon, 15/09/16)
PTG has made a four-year plan (2017-2022), budgeted at Bt4bn per year. It plans to do oil and non-oil business to help widen margin. It targets average oil station sales growth of 30% per year. It expects 2016 earnings to be a new high. (Thun Hoon, 15/09/16)
Comment: They’ve been able to hit all of their targets thus far. Would you bet against this management team?
QTC has cut its 2016 target revenue to Bt1bn due to economic slowdown and a fall in revenue from abroad. It plans to bid for a new job worth Bt3bn. It plans to set up a subsidiary to handle renewable energy. It plans to invest in a hydropower plant in Laos, with a decision in 4Q16. (Kao Hoon, 15/09/16)
TKN expects 2016 profit of Bt700mn backed by an increase in its market share to 66% and continued growth in export markets for the next two years, especially its China market. (Kao Hoon, 15/09/16)
UAC targets increasing capacity to reach 50MW within 2019. It expects to sign the PPA for a 20MW biomass power plant with the Myanmar government in September. It maintains its 2016 revenue target of Bt1.8bn. (Kao Hoon, 15/09/16