AMATA sets target land sales of 1,000 rai in 2016. It is negotiating with a foreign customer and hopes to finish the deal in 2H16. (Khao Hoon, 24/02/16)
Comment: This implies a 20% revenue growth for AMATA this year.
ARROW is confident that revenue in 2016 will reach Bt1.4bn supported by more order, an increase in market share to 65% and expansion of factory and machinery. (Khao Hoon, 24/02/16)
Comment: What property slowdown? As long as the number of buildings continue to increase then ARROW is in good shape. A consistent grower over the past few years.
BIG reported net profit of Bt459mn, growth of 235%, on a gain in market share to over 50% and total revenue of Bt1.62bn. It targets revenue growth of no less than 10%, supported by expanding to high-end customers. It will pay a dividend of Bt0.6/share, XD on April 29. (Khao Hoon, 24/02/16)
Comment: I’ll be reading their notes to the financial statements w/ a lot of questions…
CHO reported profit in 2015 of Bt35mn, less than last year. This was due to a fall in total revenue and impact from the cancellation of the NGV bus. The board approved a stock dividend in the ratio 10 old shares for 1 new share, XD on April 27. It targets revenue growth of 5-10% in 2016. (Khao Hoon, 24/02/16)
Comment: Stock divvy’s are never liked by this market…
AJP plans to launch new TV program on free TV after getting a three-year license for an international sports program. It expects to complete the deal for a waste power plant project at the end of June. It believes it will show a net profit this year, backed by this project. (Thun Hoon, 26/06/15)
Comment: AJP has a TV program channel + a waste power plant, again the synergies here are amazing, can you imaging the future potential of the shows, documentaries on waste power plants!!! You just have to believe. All kidding aside, while this doesn’t have any synergies at all, waste to power can be incredibly lucrative.
APCS expects no impact from becoming a major shareholder of Advance web studio. It targets 10% revenue growth this year. (Thun Hoon, 26/06/15)
BIG expects 2Q15 earnings to surge, benefitting from increase in mirror-less camera sales. It plans to introduce a new product to add to its revenue. (Khao Hoon, 26/06/15)
BTC shareholders approved a capital increase via PP. It plans to invest in three businesses: alternative energy, logistics and infrastructure construction via JV and takeover. (Thun Hoon, 26/06/15)
Comment: So a terminal business switches to power + infrastructure, ok…see AJP comments above
ACD plans to acquire three hotels in Phuket worth Bt10bn, expecting to finalize the deals within this year. It also plans to acquire businesses in Laos and Cambodia. It expects to achieve revenue above Bt1bn this year. (Thun Hoon, 19/6/15)
BBL sold 484mn shares of IRPC at Bt4.06/share to foreign funds. (Khao Hoon, 19/6/15)
Comment: Clever move on the part of BBL, never cared much about this so-called long term “Phoenix” project that IRPC have been touting for years.
BMA insists NPG project is transparent. In response to Bestrin Group’s appeal to the prime minister to investigate the transparency of the NPG bus project, the Bangkok Mass Transit Authority insists the bid for NGV bus project was transparent and it will go ahead and sign two contracts with CHO to provide the NGV buses and maintenance services in June. (Khao Hoon, 19/6/15)
DNA acquired 8.32% stake in TCC for Bt180mn. TCC expects revenue to grow 10% this year on the back of rising demand. (Thun Hoon, 19/6/15)
AP expects to achieve 1H15 sales target of Bt14.2bn. It plans to launch six new projects and fifteen old projects near BTS. It will hold an event, “AP Space Connect”, to raise sales from Bt7.81bn. (Khao Hoon, 16/06/15)
Comment: It’s partnership with the Japanese are bearing fruit in terms of sales and an improvement in design
BBL plans to open a new branch in Phnom Penh to complete its CLMV network. BBL is inviting local companies to invest in Cambodia as another channel for market expansion. (ASTV, 16/06/15)
Comment: Interesting that this dinosaur bank continues to expand throughout the region whilst the rest (KBANK, SCB) are slow to do so.
CITY expects a drop in profit in 3Q15 to Bt29mn (-40%) because of the economic slowdown. It has changed its dividend policy to a payout of 40% of net profit. (Khao Hoon, 16/06/15)
CCP is confident it will achieve 10% revenue growth this year with Bt2.3bn backlog aided by government project investment. (Thun Hoon, 16/06/15)
AIT announced 2H14 dividend of Bt1.1/share (XD on April 21), after record-high net profit of Bt658.56 mn (+16.26%) in 2014 and revenue of Bt6.65bn. It has backlog of Bt1.487bn, part of which will be realized this year. (Khao Hoon, 23/02/15)
BGT plans to expand into ASEAN markets via agents or setting up joint ventures with locals, which it expects to finalize in 2Q15. It targets revenue growth of 10% with Bt48mn capex to add 10-15 branches in provincial areas. (Thun Hoon, 23/2/15)
Comment: BGT has suffered along with every other consumer related business in the past 2 years, perhaps more so because they have the single brand risk.
CHO will not participate in NGV auction if price is not adjusted. The company maintains target revenue growth of 10% this year supported by backlog of more than Bt600mn and introduction of new products. It has budgeted Bt200mn to expand its maintenance center. (Kao Hoon, 23/2/15)
TAA steps up bundling – Thai AirAsia is stepping up its strategy of bundling ground and sea transport with its flights to allow passengers to reach new destinations. The low-cost carrier is adding the southern island resort of Koh Tao and the northeastern province of Mukdahan to its growing list of flights with sea and land transfers. (Bangkok Post, 12/06/14)
Comment: Airasia is still to me the strongest airline player amongst all 3 listed ones in Thailand.
ANAN maintains revenue target of Bt9bn and will launch four new projects worth Bt15bn in 4Q14. It believes the property business will recover in 2H14. (Khao Hoon, 12/06/14)
Comment: The key issue for ANAN is that its currently trading @ THB 8bn mkt cap, profit margins just slightly below its peers (ex-SIRI) and unless it can increase margins (SG&A was somehow nearly 25% of revenues in 2013) I just can’t see this name rerate
ARIP expects better performance 2H14, saying 2Q14 will be lower than 1Q14. It has new content in digital TV and will book income from this in 3Q14. It is ready to acquire businesses. (Khao Hoon, 12/06/14)