AGE expects 2014 coal sales to hit target of 4mn tons, supported by strong demand from China. It expects revenue for the year to reach Bt7bn. Next year, it expects to start booking Bt60-70mn in revenue from its biomass power plant in Sukhothai. (Kao Hoon, 03/11/14)
Comment: Nothing exciting happening here anymore.
Solar firms ask for protection – Ekarat Solar Co, Thailand’s top maker of solar modules, is urging the new government to adopt measures to shield the local industry from unfair competition. Wiwat Sangtian, managing director of the wholly owned unit of the country’s biggest transformer maker, SET-listed Ekarat Engineering Plc (AKR), said Ekarat was joining with other solar module companies in making the request. Mr. Wiwat said the energy regulator should at least require the next round of licence seekers to use locally made modules. Since 2009, solar modules and solar farm components have been hit hard by imported Chinese substitutes.(Bangkok Post, 03/09/14)
Comment: AKR has to change its business model, the only reason we solar plants are becoming viable is because of China.
BKD expects 20% rise in 3Q14 revenue to Bt317mn. It is waiting to sign on a government project this September worth Bt380mn. Current backlog stands at Bt2.01bn and it expects to book 50% of that this year. BKD will bid for more work worth Bt2bn. It expects revenue to reach Bt1.1bn this year and Bt1.3bn next year. (Kao Hoon, 03/11/14)
BSM preparing to launch a new product in 3Q14, boosting 2H14 revenue. The company reduced revenue target to Bt600mn, +10% YoY, as it was hurt by the political unrest in 1H14. It is signing a JV agreement with a Myanmar company. (Kao Hoon, 03/09/14)
Comment: A nice little well-run company.
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