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.
BRR plans to expand its cultivated area to 200,000 rai. It has done research to improve its sugar products. It plans to invest in a third biomass power plant by using bagasse as a fuel. (Thun Hoon, 28/07/15)
Comment: Again a natural extension of its existing business.
CHOW expects to add a 42MW solar farm in Japan and 15MW in Thailand. It has already got a 6MW of PPA and COD is end of 2015. It expects 2H15 earnings to be better than 1H15. (Thun Hoon, 28/07/15)
Comment: CHOW is expanding rapidly into the solar market.
CPALL expects 2Q15 earnings of Bt1.89bn (+39.5%YoY) backed by better SSS and higher gross margin. It expects 2H15 performance to be healthy aided by stamp campaign. (Thun Hoon, 28/07/15)
Comment: The story here is only about when it will off a stake in MAKRO
DRT plans to expand abroad, especially in CLMV by looking for local partners. It expects exports to comprise 15% of total revenue. (Dbbnews, 28/07/15)
AQ reported 1Q15 earnings of Bt37.3mn (+378% YoY) from 1Q14’s Bt7.8mn. Management says performance will turn around this year. It will launch nine projects: single house, townhouse, and condominiums, with total value of over Bt8bn. It expects sales of Bt2.5bn. (Thun Hoon, 19/05/15)
Comment: AQ’s stock price has already valued in all of its potential earnings and revenues.
BSM to introduce new product expected to add 20% to revenue. It expects its business to continue to grow in the second half of the year. 3Q15 earnings may hit a record high due to government projects. BSM plans to expand its international market to 25%. (Thun Hoon, 19/05/15)
1Q15 earnings surged 40% with revenue growing 20%, benefitting from increasing international sales and decreasing interest expense. 2Q15 earnings are expect to also rise. It plans to invest Bt600mn to increase capacity and DC. (Thun Hoon, 19/05/15)
Comment: It’s been on a cost cutting basis that CBG has been able to grow this strongly.
CPF announced 1Q15 profit of Bt2.96bn (44% growth). It plans to increase investment in Cambodia after its shareholders approved a raise in stake from 25% to 100%. The deal is expected to finalize in 2Q15. (Khao Hoon, 19/05/15)
Comment: Quite interesting to see that THB 2 bn of profits came from trading CPALL and TRUE and another THB 1 bn came from sales of land, thus in reality they lost THB 1 bn