AUCT expects 3Q15 earnings of Bt58mn (+8%). 4Q15 net profit is expected to be good aided by seasonality. It expects this to raise 2015 net profit to Bt227mn (+12.5%). It has applied to join the 4G auction. (Khao Hoon, 10/11/15)
Comment: We think that the news is slightly incorrect for AUCT, more that AUCT would love to be the firm holding the auction on behalf of the government
EE expects 4Q15 earnings to turn around backed by orders from China from ethanol stimulus measures. It expects 2016 net profit to be good aided by 240MW power plants. It plans to wipe out retained loss of Bt684.36mn with dividend payout of 40% as is its policy. (Thun Hoon, 10/11/15)
GCAP is talking to a prospective partner to expand its business, lending on agricultural machines, which it expects to finalize soon. It targets 2015 loans for crepe rubber machines to reach Bt20mn from the addition of customers. It expects 3Q15 earnings to be good backed by increased demand for loans. It plans to expand to corporate loans in 2016. (Thun Hoon, 10/11/15)
Comment: A rather interesting little company, but has the decrease in agricultural prices killed its target market?
GOLD’s board has approved a capital increase of 685.7mn shares for PP to FPHT at Bt7.25/share, equal to Bt4.97bn. It plans to use the funds from the capital increase for new projects. It reported 3Q15 earnings of Bt133.52mn (+71%) with revenue of Bt2bn. It plans to pay an interim dividend of Bt0.05/share, XD on Nov 19, PD on Dec 3. (Thun Hoon, 10/11/15)
Comment: Ah well, people are still holding out for the REIT
AMATAVN puts off listing to 3Q15 from 2Q15. It says the industrial complex in Vietnam will be finished in time. It plans to collaborate with foreign partners in the future. (Post Today 07/05/15)
Comment: Well at least the delay was by 12 months as it was last year.
Plans to invest in waste and solar power plants. It plans to raise the proportion of revenue from alternative energy to 50%. It will fund its investments via a Bt2bn bond. It is dealing for an advertising event worth Bt40mn in May. (Thun Hoon 07/05/15)
Treasury Department plan for developing the land at Mochit expected to finalize this week. BTS is interested in handling a portion of the development of the property and maintenance depot. (Khao Hoon 07/05/15)
To change its name to “Advance Connection Corporation Plc” (ACC). The company’s focus will be on energy, trading and property businesses. It plans to hold a shareholders meeting about mid-June for shareholder approval. Foreigners are interested in jointly investing in a power plant in Thailand. CEI is waiting for the purchase power agreement (PPA) for its solar power plant. It has a land bank of ~2,000 rai which it plans to use for the power plant. It expects to set up phase 1 of a solar power plant with 20MW capacity in 2016. (Thun Hoon 07/05/15)
Comment: Another odd company that somehow will combine property and renewable energy. Perhaps they’ll be creative and another space programs too…
AIT expects revenue to be in line with forecast at Bt6.2bn as it has managed to convert Bt3.75bn of its backlog into revenue. The company is waiting on additional projects worth Bt720mn, with plans to bid for another Bt8.09bn. Management said it has no concern over 2015 as the NCPO is working to stimulate the economy. (Khao Hoon, 06/06/14)
Comment: The majority of AIT’s backlog does come from TOT and CAT, so its a good thing that they can begin issuing new projects for firms like AIT, LOXELY and SAMART to bid for projects again.
DRT: 2H14 performance better than 1H14 because the NCPO is working on lifting the economy. It maintains revenue growth of 10% YoY and will keep gross profit margin close to 2013 at 10.18%. It will invest Bt100mn to improve machinery efficiency. (Khao Hoon, 06/06/14)
Comment: Everyone’s 2H14 should in theory look better
GEL board approves purchase of 251.01mn MILL common shares and 249.56mn preferred shares, MILL-PA, lifting its ownership to 20% in furtherance of its goal of becoming leading integrated construction material business. It sold total investment in AQUA, an 8.94% stake with a gain of Bt44.55mn to be used to expand. It will focus on core or related businesses. (Khao Hoon, 06/06/14)
Comment: This sounds a bit more like an investment firm versus a civil engineering firm, although why MILL? Steel has been rubbish for years and will continue to be for quite a while! Continue reading Stocks in the news (ait, drt, gel, jubile, nep, preb, ptt, sat, sgp, solar, tae, tvd) 06.06.14