BIG adjusts revenue target growth to 15% from 10% supported by camera market growth. It plans to start up “Print Gift” services in May to increase net and gross margins. (Kao Hoon, 17/03/16)
Comment: One interesting tidbit here is with the model cycle, when new models are released the older models will naturally see a drop in price, however BIG’s % margin shall remain the same and it’s the supplier that will be squeezed
CHO expects 2016 net profit will be better than last year. It expects revenue growth of 5- 10% supported by backlog of Bt650mn. It will know the outcome of its suit against the BMTA in 6 months or a year. (Kao Hoon, 17/03/16)
DAII sets 2016 revenue target growth at 15%. It plans to find a partner to do home building business in Vietnam. It expects to be No.1 in home building business in five years. (Kao Hoon, 17/03/16)
EASTW expects 2016 net profit growth with a new target revenue growth of 5% from 2015 supported by high sales water quantity. It is considering increasing fees to reflect its cost. (Thun Hoon, 17/03/16)
ANAN expects Bt1.8bn cash from transfer of Ideo Mobi Wongsawang Interchange in 3Q16. It expects this to lift 2016 revenue to its target of Bt15bn. (Thun Hoon, 02/02/16)
Comment: Well that’s only a 50% increase in revenue this year..
BCP has budgeted Bt2.92bn to acquire a 198MW Japan solar power plant. It expects to list its subsidiary by 2016 after its capacity has achieved 410MW. (Thun Hoon, 02/02/16)
Comment: It’s interesting to see that they are acquiring SunEdison Japan…hopefully it won’t be a mess like its recent oil acquisition (pre price drop..)
CI plans to set up a Bt1.4bn REIT. It targets 2016 revenue to grow 15% from last year. (Thun Hoon, 02/02/16)
Comment: Hence why they’ve been engaging in share buybacks
CPF expects 4Q15 net profit of Bt1.66bn (+106%) aided by Bt1.06bn extra gain from selling CPALL shares, bringing 2015 earnings to Bt11.17bn (5% growth). It expects to pay a dividend of Bt0.45/share. (Khao Hoon, 02/02/16)
Comment: Ohhhh again trading CPALL’s shares has given them a profit!
AQUA plans to acquire a power business in Japan, expecting to invest in solar power. It expects performance to grow steadily. (Thun Hoon, 14/12/15)
Comment: An advertising company, with a water-related name, investing in solar power. yeahhhhhhhhhhhhhh!
BANPU plans to restructure its business with a focus on power. It expects to increase capacity to 4000MW by 2020. It plans to invest in power plants in Laos, Myanmar and China. It plans to expand capacity at its Japan solar farm to 200MW. It targets coals sales of 42mn tons next year. (Thun Hoon, 14/12/15)
Comment: Well they had better do something to shift away from the dying industry that is coal.
BGT expects to increase 2016 net margin to 7% even though 2015 net margin will be lower than 1%. It expects to expand to Myanmar and open 5-6 branches. It expects exports to contribute revenue of Bt11mn/year. It is considering investing in Cambodia. It expects 2015 revenue growth to achieve target of 10%. (Thun Hoon, 14/12/15)
Comment: I’ve always liked the CEO of BGT, he knows and understands the retail business very well but not many people care for the Bodyglove brandname.
DEMCO plans to take part in the Bt10bn EGAT and PEA bidding. It plans to invest in running tap water lines from hydropower plants in Laos. It plans to hedge risk from windmill power by using large engineering companies and buying more insurance. It is confident it will have no problems at its three new projects (Khao Kho, Watabaek, and Had Gunghang). (Thansetthakij, 14/12/15)
Comment: Over the next 3-6 months expect to see a lot of news surrounding demco’s turnaround efforts
AP and Mitsubishi launched Life Pinklao project, valued at Bt3.1bn on Nov 21. It expects this to achieve presales of 40% by this year. It expects this to support demand for premium condo in this location. (Khao Hoon, 09/12/15)
BEAUTY expects 4Q15 earnings to peak on seasonality and large orders. It expects 2015 revenue to grow 20% from 2014’s Bt1.38bn thanks to a broader customer base both local and overseas. Management plans to introduce a new business plan in January 2016. (Thun Hoon, 09/12/15)
Comment: And they continue to buck the trend by posting great SSSG numbers
BECL/BMCL The cabinet has approved the amalgamation of BECL and BMCL with a new ticker, BEM. BECL will hold a joint shareholder meeting (BECL-BMCL) on Dec 28. Trading in BECL and BMCL shares will be suspended from Dec 21-30. (Thun Hoon, 09/12/15)
Comment: I am absolutely curious to see if BEM will become a must have investment for institutional investors, it just sounds right.
CBG is talking to a prospective partner in Indonesia which it expects to finalize in 1Q16. It expects this to increase its exports. It expects 2015 net profit to mark a new high backed by numerous orders. It expects 2016 revenue to grow 10% from this year. (Thun Hoon, 09/12/15)
Comment: We’ve heard this story before….ICHI, SAPPE, “we’re expanding to indonesia and growth will be amazeballs” Neither of the two have exactly panned out just yet, such things take years of development and marketing
CK bids lowest for Bt23.4bn dual-track project (Jira – Khon Kaen). It expects to sign the contract with the SRT this year, as well as the Chachoengsao – Kang Koi dual-track project. It expects the SRT to ask approval from the cabinet on Dec 15. (Khao Hoon, 09/12/15)
Comment: They are carving up the pie nicely, first STEC, now CK, so now its either ITD or UNIQ that wins the next project
Names today: AIT, ILINK, BKD, CHOW, DELTA, DEMCO, EASTW, EPCO, FORTH, LIT, MCS, QH, SAMCO, SUSCO
AIT cooperating with ILINK to invest in a data center. It has got a Bt600mn job which is expected to start up in 2016. It expects this to boost performance next year. It expects 2015 revenue of Bt5.2bn with Bt3.2bn work on hand. (Thun Hoon, 22/10/15)
Comment: Quite clever that these two firms are going to work together with the data center’s.
BKD expects 2016 revenue to be good on the back of Bt2.7bn backlog. It expects 2015 revenue of Bt1.3bn. (Khao Hoon, 22/10/15)
CHOW expects 2016 net profit of Bt350mn. It plans to list its subsidiary soon. 3Q15 performance is expected to grow from 2Q15 because of numerous orders and revenue contribution from solar farm in Japan. (Thun Hoon, 22/10/15)
Comment: The expansion to Japan is will begin full contribution next year, and I am curious to see how the Thai firms GUNKUL and CHOW deal with the currency fluctuation.
Hong Kong investors are interested in DELTA shares because of its strong fundamentals and good financial status. It expects this deal to be finalized soon. It expects 2015 revenue to grow 5-10% from 2014’s Bt45bn backed by high demand and the weaker bath. (Thun Hoon, 22/10/15)