ANAN has achieved Bt3.6bn in presales from Aston Silom Condo (60% of total). It is interested in joining the “Baan Pracharat” project. It targets 2016 sales of Bt21bn. (Khao Hoon, 18/03/16)
Comment: According to management, they are going to report slower pre-sales than before because they’ll hold some inventory to make more $
ATP targets 2016 revenue of Bt310mn (15% growth). It is talking with four clients, with a decision expected by 2Q16. This will increase its clients to 30. It has put off its plan to acquire a hazardous waste handler. (Khao Hoon, 18/03/16)
COLOR targets 2016 revenue to grow 7-8%, backed by numerous orders. It expects exports to comprise 20%, focusing on ASEAN, Australia, and Europe. (Khao Hoon, 18/03/16)
GUNKUL reports its subsidiary that is engaged in the wind power business began operations at its wind power plants (Sub-Plu Wind farm1&2) on March 17. (Khao Hoon, 18/03/16)
INET expects to benefit from government IT plans in 2Q16 including village internet, digital economy, 4G, and educational and corporate Internet. It expects to get cloud solutions and data center projects. It expects new clients to reach 700 companies. It expects 2016 revenue to be higher than Bt800mn. (Thun Hoon, 18/03/16)
Comment: The digital economy story has gone quiet for a while but companies such as INET, ILINK and even WHA are going ahead with building data centers.
ARROW plan to invest Bt40mn to build construction manufacturing plant. It expects to get revenue of Bt100mn with 20% revenue growth this year. (Thun Hoon, 1/12/15)
Comment: And this little company continues to grow and grow
BSM to finalize partnering with Australian company. It expects to get Bt35mn each year. It aims to drive revenue to grow 20% to reach Bt700mn. It expects to generate revenue of Bt570mn this year by expanding business abroad. (Thun Hoon, 1/12/15)
CHO said this year’s net profit could fall YoY. It plans to file a lawsuit against BMTA for cancelling the NGV bus auction. Its target growth this year is 2% and aims at 10% next year. (Khao Hoon, 1/12/15)
Comment: The owner doesn’t seem to like this current government much at all.
CWT expects to approval of biomass power plant this week. It targets 2015 revenue of Bt1.3bn. (Thun Hoon, 1/12/15)
Comment: A dodgy shareholder and business owner, trade/invest at your own peril.
KTC expects 2015 profit of Bt2bn. It plans to expand aggressively next year. (Thun Hoon, 1/12/15)
Comment: Again the issue here is top line growth, and there has been recent news that the BOT has reduced the maximum penalty fee allowed to be charged from 250 to 100 baht.
CHO expects to sign NGV bus contract, worth Bt1.735mn in mid-October. It expects to bid for more electric bus projects. It maintains 2015 revenue growth of 10% with Bt600bn backlog. (Khao Hoon, 28/09/15)
Comment: Again wonderfully positioned to benefit from this NGV bus , BUT post these sales earnings will decline to what they normally are.
CK says it is ready for upcoming mega projects valued at Bt200bn which is expected to be approved by the cabinet soon. It expects the M&A between BECL and BMCL to be done after the PPP Act has been approved. (Thun Hoon, 28/09/15)
Comment: Every contractor is loving these mega projects and in reality there isn’t a capacity constraint.
EGCO expects 2H5 earnings to be better than 1H15. It expects 2015 net profit to be close to 2014’s Bt7.7bn. It plans to construct more 6-7 projects, 1,700MW in capacity from the existing 3,700MW. It targets capacity of 5,000MW in 2019. (Khao Hoon, 28/06/15)
EFORL expects 2H15 to turn around on the back of large orders, decreasing cost, and extra gain from selling WCIH shares. It expects 2015 net profit of Bt255mn. (Khao Hoon, 28/09/15)
ACD has approved the acquisition of ordinary shares of Orin for Bt195mn, including one condo under development named Origins Bangmod-Rama2 which has already 85% in construction, expects to transfer and contribute revenue by this year. (Thun Hoon, 28/08/15)
Comment: Looks like a reverse IPO for Orin into ACD
AH expects revenue to stagnant this year because of a drop in auto production to 2mn cars. It expects 2H15 performance to improve backed by new orders. (Khao Hoon, 28/08/15)
Comment: It’s been a dog since they took over KPN’s automotive manufacturing business
AQ expects no impact from KTB case as the value of its collateral exceeds the Bt10bn awarded by the court. Management says it plans to open three new projects. (Thun Hoon, 28/08/15)
Comment: Quite the scandal here.
ASEFA expects 2H15 revenue to be better than 1H15. Its backlog is Bt1.5bn and Bt1bn is expected to be booked this year. It is confident 2015 revenue will achieve 20-25% target growth. (Khao Hoon, 28/08/15)
ADVANC is talking to TOT to become a business partner; it expects this to be finalized in August. ADVANC is ready to bid for both 1800 and 900 spectra in the 4G auction. It plans to expand its market in 2H15. It targets 2015 revenue growth of 3%. (Khao Hoon, 11/08/15)
BCP targets run at rate of 110,000 bpd despite the fall in oil price. It targets 2014 EBITDA of Bt10.4bn as it achieved 72% of its target in 1H15. (ASTV, 11/08/15)
CCP’s backlog is Bt2.3bn and it expects to bid for more, especially local government jobs and private projects. It expects 2015 revenue to be close to 2014 Bt2.6bn. It expects to benefit from dual track and high speed train projects. (Thun Hoon, 11/08/15)
Comment: Another beneficiary from the potential infrastructure projects
CKP has accelerated construction of Bang-Pa-In and Xayaburi hydroelectric power plants. It expects 2Q15 earnings of Bt131.02mn compared to 2Q14’s Bt35.38mn. (Thun Hoon, 11/08/15)
Comment: We still believe that its fairly priced despite all this earnings growth, there’s nothing really new to report from this co for the time being
Singer gains from new products, partners
Singer Thailand Plc has grown from a distributor of sewing machines established more than a century ago to a diversified provider of appliances, vending machines and related services. CEO Boonyong Tansakul discusses the company’s strategy and outlook.
Boonyong: Singer must continuously look forward and not rest on its laurels
Please explain Singer’s history and business model.
Singer has been in Thailand for 126 years, beginning with sewing machines and home appliances to the point where we have products for every home use. Six years ago we began expanding into commercial products, primarily through vending machines for petrol, mobile airtime and water, freezers and beverage coolers, and coin-operated washing machines. Today we have more than 80,000 vending machines in 217 locations, and 1,000 mobile sales vehicles.
Could you elaborate on the commercial products?
We introduced airtime vending machines five years ago, allowing consumers to top up their mobile phones, for as little as 10 baht a time, from all three local operators from a single machine. We now have over 50,000 machines throughout Thailand and we aim to sell 8,000 additional units per year. Our 7,000 petrol vending machines allow users to fill up their motorcycles for less than 100 baht per time. Our water vending machines allow users to bring their own bottles and purchase water at one baht per litre. Finally we have washing machines and slush machines. The common feature of all these products is that they allow our customers to save money by doing things themselves.