BEAUTY expects 2H16 high season to support its sales. It is confident that 2016 revenue will grow more than 20%. It plans to expand its branches in Thailand and abroad. (Kao Hoon, 24/08/16)
Comment: The odd thing is that we are seeing management sell shares in the market
BJC expands glass output capacity – BERLI JUCKER(BJC) is investing Bt2 billion in the construction of a new furnace with a production capacity of 300 tonnes of glass a day, in order to cater to rising demand for glass containers. (The Nation, 24/08/16)
Comment: Watch them dominate Thailand and Vietnam along with Central Group
BTW announced a dividend of Bt0.27/share, XD today and payment on Sep 9. It has backlog of Bt1.56bn and expects 2H16 earnings to be good. (Thun Hoon, 24/08/16)
EA plans to COD a 126MW wind power plant at Nakhon Si Thammarat at the end of 2016. This will lift capacity to 404MW, doubled from 2015. It expects 2016 earnings to be a new high. It plans to do five more projects in Chaiyaphum worth Bt20bn to increase capacity to 64MW. (Thun Hoon, 24/08/16)
GPSC expects 2016 revenue and profit to jump due to booking revenue from IRPC, Nava Nakorn power plant and more new customers. It announced a five-year plan to have capacity of 2,800MW and expects the board to approve its investment budget of Bt19bn. (Kao Hoon, 24/08/16)
ITD get a big project worth more than Bt1.28bn to bring backlog up to over Bt200bn. It expects earnings to turn to profit after it reported a net loss in 2Q16. (Thun Hoon, 24/08/16)
Comment: With the recent win @ AOT, will they have to raise capital again?
Malee Group and Mega Lifesciences will set up a 49:51 joint venture called Mega Malee Company to develop health-related natural foods and beverages for both local and international markets. Initial investment is put at Bt10 million. (The Nation, 23/08/16)
Comment: That added a little pop to both their share prices that day
A expects 2016 net profit to mark a record high despite the slowdown in 2Q16 sales. It plans to launch 3-4 new projects, valued at Bt2bn. It expects 2016 sales to reach Bt6bn. It targets revenue to hit Bt10bn within three years. (Thun Hoon, 29/07/16)
Comment: It is rather incredible how this property developer started with effectively nothing back in ’97 to achieve these levels of revenues
BGT expects to show a net profit this year thanks to strong growth in sales in 1H16. It plans to launch new products throughout the rest of the year. It targets revenue to grow 15%. It plans to expand to Myanmar with two new branches. (Thun Hoon, 29/07/16)
Comment: A forgotten consumer brand retailer if there was one. One can guess that they’ve struggled with the advent of the new brands hitting the Thai market in the past 5 years
EARTH expects 2H16 earnings to be good backed by numerous orders and seasonality. It plans to expand to China where it is getting orders amounting to Bt4-6bn/year. (Thun Hoon, 29/07/16)
FSMART expects to report its earnings on Aug 11. It expects 2Q16 revenue and profit to record a new high, supported by more top-ups and the addition of 78,000 on-line top-up machines. It will sell 2018 FIFA World Cup Russia tickets on Aug 1. (Kao Hoon, 29/07/16)
Comment: And this compounding machine continues to grow
LALIN plans to launch new projects to handle demand in 2H16. It expects demand to grow from public transportation. It expects 2016 revenue to grow 15%. Work on hand of Bt700-800mn is expected to be booked this year. (Thun Hoon, 29/07/16)
AIT has backlog of more than Bt3bn. It plans to bid for new jobs from both the government and private entities. It plans to announce a partner with which it will engage in data center operations in August. It is confident that 2016 revenue will reach Bt5.7bn. (Thun Hoon, 15/07/16)
Comment: Well then who is going to take the data center business given that the government is no longer going to do that stupid deal
CPF acquired 2.75mn shares of Norfolk at US$1.45/share for a total of Bt141mn. It expects this deal to complete in 3Q16. It expects this to be a milestone to broaden its food business in Sri Lanka and as an export base to neighbouring countries. (Khao Hoon, 15/07/16)
CPN and Central Department Stores in Bangkok have budgeted Bt100mn to hold a food festival tagged “Central Bangkok Taste of the World”. It expects this to attract 30% more tourists and bring in revenue of at least Bt500mn. (Khao Hoon, 15/07/16)
EPG expects 1QFY17 earnings growth over 15% YoY from profit of Bt287mn in FY2015 supported by more orders. It expects FY2016 revenue of Bt10-11bn. It has budgeted Bt1bn to buy machinery to enable it to expand its business to ASEAN. (Thun Hoon, 15/07/16)
ERW expects 2Q16 earnings to be good thanks to tourism recovery which has given high occupancy rates. It is budgeting Bt1.7bn to expand HOP INN in Thailand and abroad. It is confident that 2016 revenue will grow no less than 15%. (Thun Hoon, 15/07/16)
Comment: The question on everyone’s mind is when will they launch their REIT
BSM expects 2H16 earnings to be good supported by high season. It expects to get Bt50mn in orders from Myanmar and Cambodia. It is confident that 2016 profit will be higher than last year and expects revenue of Bt700mn. It is negotiating with a partner to expand its business. (Thun Hoon, 12/07/16)
BEW has set up a subsidiary, Be Green Development Company Limited, to engage in the property business. It expects to support industrial estates in the renewable energy industry. (Khao Hoon, 12/07/16)
CI doing a commercial project in Cha-am to support its revenue and expects it to conclude in 2017. It has a new Bt4.7bn project of to add to its backlog of Bt3bn. It expects 2016 sales to go over Bt3bn, supported by the tax stimulus. (Thun Hoon, 12/07/16)
Comment: In the past few years their strategy has evolved to provide a more consistent
CPF expects 2Q16 net profit of Bt4.11bn or growth of 38%, supported by domestic business growth and booking Bt1.5bn in profit from the sale of CPALL shares. It expects to report earnings on Aug 11. (Khao Hoon, 12/07/16)
Comment: Love the trading gains in CPALL!
Areeya targets 2016 revenue of Bt7bn supported by its backlog of Bt2.34bn, of which will book Bt1.5bn this year. It has stock of Bt3.5bn. It expects sales of Bt10bn in 2016. It plans to launch 12 projects worth Bt20bn. (Khao Hoon, 10/06/16)
Comment: Their stock price performance has one of the smoothest charts I’ve ever seen.
AP expects 2Q16 earnings to be better than first quarter due to more transfers. It is confident that 2016 revenue will reach target of Bt23.7bn as it has backlog of more than Bt12bn. It plans to launch 13 new projects valued at Bt25bn in 2H16. (Thun Hoon, 10/06/16)
Comment: They came out with rather strong pre-sale #’s
APCO expects 2Q16 to continue to grow. It expects 2016 revenue growth of 10% and with net profit growing 25%. It will focus on the domestic market. It plans to launch a new product in 4Q16. (Khao Hoon, 10/06/16)
AQ will focus on low-rise projects. It plans to open two new condos worth Bt1bn. It opened hotel in Chiang Mai to bring rental revenue to Bt200mn per year. (Thun Hoon, 10/06/16)
Comment: Weren’t they recently bankrupt?
CHEWA bought a condominium from AQ for Bt586mn. It expects this to contribute revenue rapidly. It expects 2016 revenue of Bt1.7-1.8bn. It plans to open two new projects wtih total value of Bt2bn. (Khao Hoon, 10/06/16)
Comment: Ah see above…
DRT accepts that 2Q16 earnings will decrease from 1Q16 due to low season and demand. However, it maintains its 2016 target of revenue growth of 5%, supported by growing exports to CLMV+1. It expects to increase the export portion to 18%. It has budgeted Bt100mn to renovate machines. (Khao Hoon, 10/06/16)
Comment: But they have announced a sharebuyback, last time was in 2009
BANPU to have BPP invest in solar farms in China and Japan. It expects to increase capacity to increase revenue in 2017. The coal business continues to be good. It plans to acquire another mine and to invest in renewable energy to replace coal, such as water and solar. It expects to increase capacity to 2,400MW in 2020. (Thun Hoon, 2/6/16)
BM expects 2Q16 earnings continue to grow. It is confident 2016 revenue growth will hit target at 20% from last year and bring net profit up supported by more orders. It expects to get a job in Suvarnabhumi phase 2 expansion. (Kao Hoon, 2/6/16)
CPN expects 2Q16 to be similar to 1Q16. It maintains its revenue target growth at 14-15% and is preparing to open a new department store. It plans to increase rental space in its department stores to 2-3% and in office building to 3-5%. (Kao Hoon, 2/6/16)
Comment: Still the incumbent in the retail industry in Thailand. International expansion is a positive but does have lower margins.
CSL expects 2016 revenue to increase 2-3% supported by a data center, for which renters have reached 68% now. The broadband business continues to grow. It targets 10,000 customers in 2016. (Thun Hoon, 2/6/16)
ADVANC has confirmed that it will be bidding for the 900MHz on May 27 with a bid of Bt75.65bn. (Kao Hoon, 25/5/16)
DTAC unfazed by more 4G competition — The country’s second-largest mobile operator shrugged off increased competition from its rivals, saying that Advanced Info Service (AIS) and True Move will also face high licensing-based fourth-generation (4G) spectrum costs similar to DTAC’s. (Bangkok Post, 25/5/16)
GPSC is confident that it will have IPP and SPP capacity of more than 1922MW and stream production of 1,582 tons/hour within 2019. ( Thun Hoon, 25/5/16)
GUNKUL has backlog of Bt1.5-1.6bn. It expects to get more jobs to construct solar farms. It expects 2016 revenue growth of 20-30%. (Kao Hoon, 25/5/16)
Comment: Quite the drop in backlog for GUNKUL but because they already have invested and built/are completing their projects I don’t think management quite cares to focus on new projects .
JWD and JB TRADING are setting up a JV to develop a warehouse in Laos which has area of 3,200sqm and total cost of Bt75mn. It expects to finish and book revenue in 2017. (Kao Hoon, 25/5/16)
AOT has revised up its five-year investment plan from Bt140bn to Bt170bn. It expects nonaeronautical revenue to comprise 50% within three years. (Thun Hoon, 29/04/16)
NBTC seeks more info from BBL on Jas’s failure to pay licence upfront fee – THE NATIONAL Broadcasting and Telecommunications Commission will ask for more information from BBL regarding Jas Mobile Broadband’s failure to pay the initial upfront fee for its 900MHz license by the March 21 deadline. (The Nation, 29/04/16)
Comment: As if BBL really has to say anything…the NBTC is just trying to cover their ar$es for cocking up the auction
BH targets 2016 revenue growth of 8-10% from last year’s Bt17.9bn. It expects growth rate to be lower than 12% for 2011-2015 because of the economic slowdown. (Post Today, 29/04/16)
Comment: One interesting tidbit that I learnt was that the medical inflation in Thailand is one of the highest globally @ ~15% p.a.
BIG will pay a dividend of Bt0.06/share, paid on May 23. It expects 2016 revenue and net profit to be good. It plans to focus on the high-end market. It targets market share of 65% this year and 70% in 2017. (Thun Hoon, 29/04/16)
CK targets 2016 backlog to hit Bt200bn from Bt83bn. It says this will cover revenue for 3-4 years. It plans to take part in Bt480bn in bids, and get 20-25% to add to backlog. It will sign a contract with a Bt21.2bn project. It targets 2016 revenue of 38-40bn. (Thun Hoon, 29/04/16)
Comment: Slight delays in this government infrastructure spending isn’t exactly a negative for the larger contractors like CK, it gives them time and the capacity to bid for more and more projects that they may have not otherwise received if everything was released at one go..
BAY expects auto loans to grow 3% to Bt262bn despite a slowdown in new loans. It is looking for a partner to expand into loans for used cars. (Thun Hoon, 27/04/16)
Comment: I can see BAY actually taking away market share from TCAP in this.
BJCHI will pay dividend of Bt0.5/share, payment on May 19. It took part in Bt6.5bn in bids, and expects the results to be announced in 2Q16. (Thun Hoon, 27/04/16)
COM7 signed a contract with TRUE to operate 166 True shops in BIGC and Tesco. It expects 2016 revenue to hit Bt17bn with net margin of 3%. (Khao Hoon, 27/04/16)
Comment: New iphone, new macbook, and now a new deal. I’m banging my head against the wall.
DELTA reported 1Q16 earnings of Bt1.25bn (+19%) because of lower sales in embedded power supplies and higher expense. (Khao Hoon, 27/04/16)
Comment: It appears that nearly every electronics manufacturing company in the region will have rather weak growth for the foreseeable future
BDMS sets 2018 revenue target to reach Bt100bn supported by foreign customers. In 2016, It budgets Bt6bn to renovate its hospital and buy medical equipment. (Khao Hoon, 22/04/16)
Comment: Given the way that Prasert continues to buyback shares in BDMS he must have a lot of faith in the business’ ability to grow from 70 bn today to 100 bn in 2 years.
IHL expands its business to high margin. It plans to open a protein factory to support revenue and expects this to be operational in June. It targets 2016 revenue of Bt2.5bn from Bt2.2bn in 2015 supported by more orders and new business. (Thun Hoon, 22/04/16)
Comment: Well if you believe in an automotive rebound and IHL’s ability to shift its product mix then sure.
ITD expects 2016 revenue of over Bt60bn and 2017 revenue of Bt130bn after getting a new job worth Bt200bn. It plans to deal with French investors to bid for the Pink and Yellow lines jointly. (Khao Hoon, 22/04/16)
NUSA plans to expand its business to ASEAN. It plans to cooperate with partners to set up JVs as well as invest by itself. It expects to make a decision in 3Q16. It is confident that 2016 revenue will hit the target of Bt2bn, up from Bt1.2bn in 2015, supported by more pending transfers. (Thun Hoon, 22/04/16)