BEAUTY targets 2016 revenue of Bt2.1bn, up 20% on the back of opening new branches at home and abroad, launching new products, and a focus on the online market. It expects 2015 revenue to be above Bt1.7bn. (Khao Hoon, 01/02/16)
Comment: And they still keep growing and growing! *continue to smack head against the wall*
BCP has budgeted bt10bn to invest in power businesses which it expects will support its growth. It expects to complete a deal by next week. (Khao Hoon, 01/02/16)
CBG revised down its marketing budget from Bt500mn to Bt300-400mn because consumer purchasing power has not recovered. It plans to waiting for government stimulus measures, hoping this will inject money into the economy, especially grass roots. (Post Today, 01/02/16)
Comment: We do wonder aloud…will their multi brand multi product approach work? I have yet to see an independent Thai consumer company be very successful at this
IEC signed contract with 8 clients to sell thermoplastics valued at Bt130mn. It plans to increase its capacity by 2Q16. It is confident its shareholders will okay a capital increase. It expects funding of Bt498mn. (Khao Hoon, 01/02/16)
Comment: Urgh…this company…watch the volume traded, the moment it begins to pick up, then just join the punters..
Names today: BKD, DNA, EA, IFS, IRPC, KCE, KTB, MACO, MINT, NCH, OCEAN, RML, S, STPI, TRC, TVO
BKD expects 2015 revenue to grow 40% backed by Bt2bn in backlog. It plans to bid for more public and private projects to raise its growth. (Khao Hoon, 04/11/15)
DNA expects 2016 revenue to turn around after it has completed restructuring with a focus on alternative energy. It expects to invest in four waste power plants which are expected to be concluded by 4Q15. It expects water management business to contribute revenue in 2Q16. It plans to invest in one more water management project, expecting to make a final decision soon. (Thun Hoon, 04/11/15)
Comment: These are interesting projects that DNA has put together, quite a strange move by a company that is supposedly involved in resorts and music distribution.
EA expects 3Q15 earnings of Bt638mn (71% growth) aided by alternative energy business. 9M15 net profit is expected to be Bt1.9bn. (Khao Hoon, 04/11/15)
Comment: The story remains the same for EA, get all of its plants up and running.
IFS expects 2016 revenue to grow 15-20% backed by public investment (MRT and high speed trains). It expects SME loans to grow. (Thun Hoon, 04/11/15)
Comment: They do have a very interesting business here and up until this year have been growing quite consistently over the past 7 years.
APCO expects 2H15 revenue to be better than 1H15’s Bt189mn on expanding via online and launching new products. It targets 2015 net profit of Bt118mn on the back of high margin product and cost control. (Khao Hoon, 08/09/15)
Comment: And they are somehow launching a HIV/AIDS medicine as well.
BEAUTY targets export to comprise 6% from 2% by focusing on India and the Middle East where it has a customer base. It plans to sign a contract with a distributor in Indonesia this month. It expects earnings to mark a record high this year. (Bangkokbiznews, 08/09/15)
Comment: They do have substantial amount of cash on the b/s relative to assets ~30% today.
BIG expects 2015 net profit to grow 100% from 2014’s Bt137mn on the back of higher bargaining power with suppliers. It has budgeted Bt100mn to renovate old branches and open new branches. (Thun Hoon, 08/09/15)
FSMART plans to set up new version of Boonterm top-up machine in 208 SAWAD branches aiming at 200 branches/month. It is looking for other prospective partners. It targets top-up revenue to reach Bt15bn from 60,000 existing top-up machines. Management expects revenue from advertising will grow significantly in 4Q15. (Thun Hoon, 08/09/15)
Comment: And this machine continues to grow and grow
BKD expects 3Q15 revenue to be higher than 2Q15. It expects to be awarded projects valued at Bt1.3bn in 4Q15. It expects 2015 revenue of Bt1.3bn as Bt2.5bn in backlog is expected to be booked. It targets 20% revenue growth next year. It plans to launch a property project in 2Q16. (Khao Hoon, 26/08/15)
BECL expects the merger of BECL and BMCL to be finished by October with the new company trading in November. It expects to book a Bt1bn extra gain from BMCL in 3Q15. It expects Sri-Rat highway to open in July 2016. (Khao Hoon, 26/08/15)
Comment: The question still stands whether or not the company will be considered to be more valuable when the two entities combine, financial theory says no, thai investors may say otherwise.
CPR expects 2015 net profit of Bt50mn after it has reaching Bt27mn in 1H15. It expects 2015 revenue of Bt500mn backed by a broader customer base. It plans to add more farming machinery in 2017. (Thun Hoon, 26/08/15)
CSS has opened a new warehouse and office as management expects the telecom business to continue to trend up. It expects 2015 revenue of Bt4.8-5bn. (Thun Hoon, 26/08/15)
FPI expects 2015 revenue to achieve 20% target growth on the back of lower material cost and baht depreciation. It expects net margin of 13% this year. It is talking with ECF to invest in a 120MW biomass power plant, which is expected to be finalized in December. (Khao Hoon, 26/08/15)
CWT plans to invest in waste power plant, expects to sign PPA next month. It expects 2015 revenue of Bt1.2bn benefitting from cooperation with Japanese partner to expand abroad. (Thun Hoon, 14/07/15)
Comment: CWT has been one of those companies that has at times looked quite cheap, but according to long term market investors, it’s a shareholder group one should stay away from
EA expects to show a good performance in 2Q15 benefitting from seasonality. It is talking to a prospective partner to invest in a biomass power plant which is expected to be finalized soon. The plants in Phitsanulok and Nakhon Si Thammarat are expected to operate in 2016. (Thun Hoon,
Comment: The story hasn’t changed for EA, and they aren’t looking to expand into the VSPP (very small power producer)
EPCO targets 500MW power capacity within 2-3 years, 100MW this year. Management says the deal with a Japanese and European company is expected to be finalized soon. It plans to invest in a biomass power plant in South with a partner, expected to conclude this week. (Khao Hoon, 14/07/15)
IFEC has been selected to undertake a solar farm with Royal Thai Navy with a PPA for 60-100MW. It plans to take over other power plants in July. It plans to invest in a wind power plant in Korea. (Thun Hoon, 14/07/15)
Comment: Never hurts to have military connections in the shareholders
Solar license soon — AKR’s management said that the state should decide on the licensing of the total 800MW of solar license sometime in February-March. It expects to receive license for 20-30MW, which should help profit. (Thun Hoon, 21/01/15)
AMATA sees good 2015 ahead as it expects to book Bt4bn in revenue from its backlog. It is also in negotiations with Chinese and Japanese clients to sell more land. It plans to invest Bt3-4bn to develop land in industrial estates both at home and abroad. (Thun Hoon, 21/01/15)
Comment: Only two things to care about for AMATA this year, one the IPO of Amata Vietnam, two its REIT.
AOT to name new head today – The new president of the Airports of Thailand Plc (AOT) should be announced today, while the agency continues to go ahead with its plan to expand airports nationwide and launch promotions to deal with the rebound in the travel industry. (The Nation, 21/01/15)
Employees trying to halt PTT sale of shares — BCP employees have drafted a letter to the PM in hopes of halting the sale of BCP shares held by PTT. The employees say they do not want BCP shares to fall in the hands of other investors and confirm that they have no plan to buy more BCP shares themselves with their own money or via loans, which the board had proposed earlier. (Krungthep Turakij, 21/01/15)
Comment: If management was incredibly confident in the future of BCP, an MBO should be an option but I suppose their recent purchase of an oil co pre oil price crash doesn’t instill much confidence in the banks.