ABC expects net profit to be back in the black this year. It expects to launch ABC Residence and ABC Pet World projects, valued at Bt7.5bn, in 3Q16. It plans to wipe out all retained losses this year. (Khao Hoon, 16/03/16)
Comment: I’m beginning to be very bored of the newsflow from this company….
ADVANC ‘Respite’ for AIS’s 400,000 2G users facing cut-off – The Central Administrative Court decided to allow AIS extend the signals for 2G SIM cards on the 900 MHz network until March 21. The signals were due to be switched off at midnight yesterday The court’s decision follows a request by ADVANC for an order to force the NBTC to extend the period for 2G customer retention and ensure service continuity as stipulated in rules set out by the National Broadcasting and Telecommunications Commission (NBTC). (Bangkok Post, 16/03/16)
Comment: Now the question is what will happen to that license if JAS doesn’t pay up?
ASK expects 2016 loan growth of 15% backed by higher truck demand for government projects and stimulus measures. It expects to benefit from AEC. It plans to expand its customer base. (Thun Hoon, 16/03/16)
Comment: While still paying a decent dividend.
BEC has high hopes of sports programmes shoring up TV ratings and advertising revenue on top of top-rated dramas this year after the news-show category experienced a slowdown due to intense competition and the impact from the departure of famous TV host Sorrayuth Suthassanachinda. (The Nation, 16/03/16)
Comment: People slightly misunderstand what is happening with BEC, everyone says that they are losing a fortune but in reality they are still the leading player in the media business, but because of increased supply in the industry their ASP’s have dropped.
BIG expects 1Q16 earnings to be good with net profit of Bt160mn (120% growth) thanks to camera sales. It expects its market share to increase to 63% this year. (Khao Hoon, 16/03/16)
Comment: Much to our surprise, the stock has been on a tear for the past few months
CNT expects 2016 net profit to grow backed by higher revenue from condominium projects. (Khao Hoon, 16/03/16)