ANAN has achieved Bt3.6bn in presales from Aston Silom Condo (60% of total). It is interested in joining the “Baan Pracharat” project. It targets 2016 sales of Bt21bn. (Khao Hoon, 18/03/16)
Comment: According to management, they are going to report slower pre-sales than before because they’ll hold some inventory to make more $
ATP targets 2016 revenue of Bt310mn (15% growth). It is talking with four clients, with a decision expected by 2Q16. This will increase its clients to 30. It has put off its plan to acquire a hazardous waste handler. (Khao Hoon, 18/03/16)
COLOR targets 2016 revenue to grow 7-8%, backed by numerous orders. It expects exports to comprise 20%, focusing on ASEAN, Australia, and Europe. (Khao Hoon, 18/03/16)
GUNKUL reports its subsidiary that is engaged in the wind power business began operations at its wind power plants (Sub-Plu Wind farm1&2) on March 17. (Khao Hoon, 18/03/16)
INET expects to benefit from government IT plans in 2Q16 including village internet, digital economy, 4G, and educational and corporate Internet. It expects to get cloud solutions and data center projects. It expects new clients to reach 700 companies. It expects 2016 revenue to be higher than Bt800mn. (Thun Hoon, 18/03/16)
Comment: The digital economy story has gone quiet for a while but companies such as INET, ILINK and even WHA are going ahead with building data centers.
BIG is budgeting Bt200-150mn to expand its business by opening more branches. It expects 2015 revenue to mark a record high and to pay its first dividend. It expects 2016 earnings to be good. (Thun Hoon, 14/01/16)
Comment: I’ve been surprised by their continuing positive performance but I still have doubts on their sustainability
BJCHI’s board has approved the share repurchase program for the purposes of financial management. It has set the maximum at not exceeding Bt250mn, equal to 40mn shares (2.5% of registered shares). It expects this to confirm its good outlook in the minds of investors and to give them the message that current share price is undervalued. It targets 2016 revenue growth of 15%. (Thun Hoon, 14/01/16)
Comment: Oil price drop? Who cares! Obviously not BJCHI’s board with their announcement yesterday to do a share buyback.
COLOR targets 2016 revenue growth of 7-8% backed by Bt150mn in transfers contributing revenue in 2Q16. It expects to take part in upcoming bids. It plans to expand to ASEAN, Australia, and Europe. (Khao Hoon, 14/01/16)
DCORP signed contract with Yingli Solar to set up a solar cell plant for Bt689mn. It expects this to start up by 2H16. (Thun Hoon, 14/01/16)
DEMCO expects 2016-2017 revenue to grow driven by construction, steel structure, and service businesses. It expects 2016 revenue of Bt6-6.5bn. (Post Today, 14/01/16)
Comment: Effectively 4Q15 was crap, 1Q16 will be crap and in a perfect world 2Q16 returns to normal.
AH expects 2016 revenue growth of 5-10% thanks to new car models. It expects gross profit margin to be good when it implements cost control. It has budgeted Bt400mn to acquire a business next year. It has cash on hand of Bt800-1,000mn. (Khao Hoon, 30/11/15)
Comment: This has been a dog of stock for the past few …… actually the past 10 years.
BKD is talking to a partner to handle a property project abroad which it expects to finalize this month. It expects to get a Bt400mn project in Myanmar. It expects 2016 revenue to grow not less than 20% from 2015’s Bt1.3bn target. (Thun Hoon, 30/11/15)
CHOW says its 11MW Japan solar power plant started up on November 20 and will contribute good revenue. It expects the power business to be a key driver for company growth. (Thun Hoon, 30/11/15)
Comment: The expansion to Japan has continued to a boon for CHOW, along with GUNKUL, they are one of the few companies to continue growing this way.
COLOR expects 4Q15 earnings to be good backed by numerous orders. It expects to show a net profit this year. It expects 2016 revenue growth of 4-5% after expanding abroad. (Khao Hoon, 30/11/15)
DCON is talking to a prospective partner to expand its market in Cambodia. It plans to ask approval for its 2016 business pan in December. It plans to do a capital increase in order to acquire new land that will support its property business. (Thun Hoon, 30/11/15)
Comment: Well the story for DNA has played out as we had expected in the past few years, earnings have peaked due the condo transfer and now it’s returned to trading at a fair value for its core business
ASIMAR expects to bid for a Bt1bn ship building contract. It plans to increase capacity by set up a third floating dock. It expects 3Q15 earnings to be good aided by transfers. (Thun Hoon, 05/10/15)
BMCL expects growth in 3Q15 earnings backed by increasing passengers. It expects 300,000 passengers/day. It expects to show a net profit in 2016 after the MRT Purple Line begins contributing revenue in 4Q15. (Thun Hoon, 05/10/15)
Comment: The moment that BMCL can expand its lines from its existing ~20km to just even 30km then it’ll finally become a profitable company.
COLOR expects 2015 revenue to mark a record high thanks to high demand and lower oil price. It expects 5% growth in 2015 revenue. It plans to increase exports to comprise 20% from 18- 19% now. (Thun Hoon, 05/10/15)
CPALL expects 2H15 earnings to be better aided by a marketing campaign, recovery in purchasing power, and seasonality. (Khao Hoon, 05/10/15)
Comment: Again the story here is purely if and/or when they’ll sell their stake in MAKRO to the market.
AP expects 2015 net profit to mark a record high of Bt25.3bn. It targets presales of Bt28.3bn and already has Bt18bn. It expects to launch 15 new projects throughout the rest of the year, worth Bt24bn. (Khao Hoon, 27/07/15)
Comment: Quite interesting that despite this economic malaise, AP is able to recognise revenue (the headlines are wrong) at such a high level.
BIGC reported 2Q15 earnings of Bt1.9bn (1.4% growth) backed by adding stores, marketing campaigns and cost control. (Khao Hoon, 27/07/15)
Comment: BIGC themselves admit that Thailand is no longer a growing retail market, it has all the hallmarks of a developed retail market and the only focus that they have is cost cutting cost cutting cost cutting.
BKD expects 2Q15 earnings to be robust (+279%YoY). It is ready for upcoming bids which are expected to raise its backlog to a record high. (Thun Hoon, 27/07/15)
Management says it expects 5-7% revenue growth for the next two years and expects profit to surge in 2018. (Post Today, 27/07/15)
Board approves capital increase of 3.16bn shares to be offered at rights of 5 old shares to 2 new shares for Bt1/share plus AIRA-W1 and AIRA-W2. 1Q15 earnings showed a profit of Bt13mn compared to 1Q14 loss of Bt31mn. (Thun Hoon, 18/05/15)
AOT reported 2Q15 net profit of Bt4.8bn (+32.36% YoY) benefitting from political calm that has brought tourists back. (Khao Hoon, 18/05/15)
Comment: AOT’s #’s still continue to outperform most people’s expectations, this country is just incredibly blessed by its ability to bring in tourists plus the fact that Chinese tourists are visiting Thailand more and more only help.
Interest shown in JV; deal expected to be finalized soon. ASIMAR will spend Bt1bn to raise capacity to handle jobs in Myanmar and for the Port Authority of Thailand. (Thun Hoon, 18/05/15)
1Q15 earnings grew 60% to Bt6.8bn and revenue rose 7% to Bt134mn. BSM targets revenue growth of 20% in this year and plans to increase market share abroad. (Khao Hoon, 18/05/15)
Comment: Quite the typo from the news outlets, earnings was 6.8 mn not bn, I’ve always thought highly of management here but not of its valuations, nuts!
CCN and partner to bid for government project worth Bt100mn in 2Q15. It expects to get the entire project. The 1Q15 outlook is relatively the same as last year. It expects 2015 revenue growth to reach the target 20%. (Thun Hoon, 17/04/15)
COLOR expects its 2015 to turn to be profitable, after losses for three years in a row. It expects the improvement to be enough to offset the retained losses of Bt17.53mn. It expects a strong 1Q15 after the return of client orders and better utilization rate. (Thun Hoon, 17/04/15)
DCON expects dramatic earnings growth over the next few years. Within the next ten days, it plans to set up a joint venture for a new plant in Cambodia. It also plans to set up a precast plant that will contribute Bt100bmn/year. It will also invest in a power plant and residential property in the future. (Thun Hoon, 17/04/15)
Comment: It’s the power plant and the residential projects that are the short term EPS drivers here.
Gets new project producing electric wire worth Bt871mn. This will raise backlog to more than Bt5bn. Solar farm projects will generate about Bt1.75bn. 1Q15 is expected to be strong. (Khao Hoon, 17/04/15)
Comment: DEMCO should always continue to win work in any power related project, especially renewable energy projects.