ADVANC has budgeted Bt2bn to upgrade 4G client services. It targets expanding to 121 branches by the end of 2016. (Kao Hoon, 29/03/16)
AJD work with Alibaba to service Alibaba members in Thailand. It sets member target at 5,000 members or revenue of Bt250mn in 2016. (Thun Hoon, 29/03/16)
ARROW expects 2016 profit to be a new high. It is confident that revenue will reach Bt1.4bn. It expects 1Q16 earnings to be good supported by more sales, its backlog of Bt250mn and bids for government jobs. (Kao Hoon, 29/03/16)
Comment: And they continue and continue to grow and grow, at what point do they need to increase capacity to maintain this path?
BRR expects revenue and profit in 2016 to grow, driven by rising in sugar price. It expects to get 2.2mn tons of sugar cane and book full-year revenue from its biomass power plant. It expects to increase power plant revenue to 20%. (Kao Hoon, 29/03/16)
Comment: Sugar prices have rebounded from 10 to ~14 now so would 1Q-2Q should begin to look decent for all the sugar names in Thailand compared to last year.
AOT’s 1QFY16 net profit was reported at Bt4.26bn, +18% YoY, driven by increasing flights (+11.92%) and passengers (+11.69%) (Khao Hoon, 16/12/16)
Comment: And it grows and grows
BEAUTY interests foreign investors after inclusion in the MSCI. It expects 2016 revenue to grow at 20% and to expand the business to China. (Thun Hoon, 16/2/16)
BRR plans to add two new sugar factories and get into alternative energy. (Thun Hoon, 16/2/16)
Comment: Again the typical business transition of any sugar business
EPCO plans to invest in power plants both in Thailand and abroad. It expects to 30% more revenue. (Thun Hoon, 16/2/16)
Comment: It is interesting to see how Thai utilities have been able to invest regionally. Both EPCO and RATCH have been on a buying spree in the past few years.
BKD reported 3Q15 earnings growth of 107%. It expects 2015 revenue to mark new high. It has completed up a roadshow in Hong Kong with CLSA with good feedback. (Khao Hoon, 11/11/15)
Comment: I just don’t understand how they were able to grow as well and whether or not it is sustainable.
BRR says investors from Singapore are interested in its shares because of its strong fundamentals. It will hold a site visit on December. It has budgeted Bt800mn to invest in ethanol and biogas power plants. It expects 2015 revenue to reach new high backed by high sugar orders and the power business. (Thun Hoon, 11/11/15)
Comment: Nobody loves sugar no matter how sweet it is.
CCET reported 3Q15 net profit of Bt479.24mn (+124.47%YoY). 9M15 net profit is Bt1.09bn (+138.47%YoY). (Post Today, 11/11/15)
Comment: A weakening thai baht is +ve for all of electronic manufacturers, except perhaps SVI as the majority of their customers are based in Europe (albeit Scandinavia)
CCP expects 2H15 earnings to be good after the rainy season has passed. It plans to expand to neighboring countries as it
has got order from Cambodia. It backlog is Bt2.3bn. It plans to take part in Bt1bn biddings of which 50% is expected to be awarded. (Thun Hoon, 11/11/15)
Comment: It appears for CCP that a lot of the potential future projects have already been priced in for quite a while
CHOW expects 3Q15 earnings to grow 1200%YoY on the back of revenue from construction and power business. It expects 3Q15 revenue of Bt800mn with Bt65mn net profit. 4Q15 is expected to be good backed by solar farm phase2. It expects 2016 revenue of Bt3bn with Bt500mn net profit. (Thun Hoon, 11/11/15)