AAV expects 2016 net profit to be over Bt1bn driven by 16.9mn passengers and an 82% cabin factor. It expects to get five A320 planes this year, with a goal of 70 airplanes in 2020. It expects to open new routes in CLMV, beginning with Luang Prabang. (Thun Hoon, 09/02/16)
Comment: There is no real competition for AAV, I like to now saw Emirates control’s the mid-high end customers, AAV controls budget.
ABC plans to launch ABC Residence Sukhumvit 39, valued at Bt2.5bn. The selling prices will start at Bt170,000/sqm. It expects to do presales in March. (Khao Hoon, 09/02/16)
Comment: Will this condo be launched w/ solar power and IT Solutions?
APCO targets 2016 sales growth of 10% to achieve revenue of Bt450mn by focusing on providing BIM products to local customers. It is looking for a partner in Singapore to build MLM in Singapore, Malaysia, and Indonesia. (Khao Hoon, 09/02/16)
Comment: I hate MLM companies, there said I it
CCN expects 2016 net profit to mark a record high backed by the setup of 4G networks. It expects this to contribute 50% of total revenue in 2016 from last year’s 5%. It expects 2016 revenue to grow 20% aided by Bt70mn backlog. It expects to get a Bt200mn mega project which is expected to be concluded by 1Q16. (Thun Hoon, 09/02/16)
GPSC plans to operate 65MW hydroelectricity in Laos with startup in 2017; construction has reached 35% completion. (Thun Hoon, 09/02/16)
ACAP expects 2016 performance to turn around aided by recovery in every business. It expects its loan portfolio to reach Bt2bn this year. It expects 4Q15 earnings to be the best backed by business restructuring and its loan growth. (Thun Hoon, 07/01/16)
Comment: We do wonder what else the new shareholder is going to be doing with ACAP, it does have a decent balance sheet
CCP targets 2016 revenue of Bt2.6bn (from Bt2.4bn in 2015) with net margin of over 4%. It has budgeted Bt150mn to improve its machinery and increase capacity. Its backlog is Bt2.4bn. (Khao Hoon, 07/01/16)
CENTEL expects 2015 revenue to achieve target of Bt19bn, with more growth in 2016. It plans to expand both food and hotel businesses. It expects to get 8-10 hotel management contracts each year. It will hold a roadshow in Singapore this week. (Khao Hoon, 07/01/16)
Comment: Still a B-grade version of MINT but their hotel side will always continue to perform well.
CRANE is budgeting Bt200mn to invest in new equipment. It expects 2016 revenue growth of 25% on the back of a boom in construction. It plans to take part in project bidding. (Thun Hoon, 07/01/16)
Comment: There’s always been hidden value in the CRANE and it’s been well known for monkey years.
Advanced Wireless Network (AWN) paid Bt20.493 billion to the National Broadcasting and Telecommunications Commission (NBTC) yesterday as the first installment of the 1,800MHz license upfront fee. (Khao Hoon, 25/11/15)
Comment: And TRUE hadn’t paid their first part yet. Surprised much? Eyes are now fully focused on the remaining 900 MHz that should be up for bidding in December, we think it’s something that both DTAC and ADVANC have to win, each for their own business reasons otherwise DTAC is effectively out of the telco game and ADVANC won’t have enough spectrum. Now would JAS come to ruin the party for all the incumbents by pushing the price up just as they had done in the first round of bidding?
CSL expects 2016 revenue growth of 1-3%. It is focusing on the ICT business and is expected to have net profit of Bt300mn. (Khao Hoon, 25/11/15)
ECF expects 2016 revenue growth more than 12% and revenue in 2015 of Bt1.3bn. It also plans to use its rights to produce Disney-themed furniture to expand its market. (Khao Hoon, 25/11/15)
GLOBAL expects 2016 revenue to grow 10-15%. It plans to partner in Cambodia and use Bt2bn to expand the business in Thailand. (Thun Hoon, 25/11/15)
Comment: We have never really cared much for this company only because we were always worried about its inventory turnover and HMPRO, as a business, is by far a better choice. But if and its a big if, GLOBAL can expand further in Cambodia, Laos etc etc and have a strong foothold in both markets then I may be more interested, but still their inventory management has me scratching my head.
GUNKUL to partner with Super to build 11 solar farms for a total of 87 MW. It expects to generate electricity this month. (Thun Hoon, 25/11/15)
HEMRAJ plans to sell land in Hemraj Eastern Seaboard 2 to MG. It will sign the contract tomorrow (26/11/15). (Thun Hoon, 25/11/15)
Comment: We are just waiting for that last divvy.
Names today: ACAP, COM7, CPN, IFEC, CPN, CSP, IFEC, JAS, KC, NUSA, ORI, PE, RCI, SAMART, SENA, SMART, TSF
ACAP expects to show net profit next year on the back of loan extensions and cost control although this year may have a net loss. It is working with AJD to invest in an online loan machine valued at Bt400mn. It plans to acquire more debt to increase its debt collection portfolio. (Thun Hoon, 30/10/15)
Comment: We do wonder who the new shareholders are in ACAP and what their plans will be with this entity in the future
COM7 expects to show net profit in 4Q15 backed by 4G auction and iPhone6-plus launch. It expects 2015 revenue to achieve its target. It expects 2016 revenue to grow 5%. It plans to open more branches to expand to the SME market. (Thun Hoon, 30/10/15)
Comment: So, wait for the price to decline and buy again when the iPhone 7 releases?
CPN plans to expand to Myanmar. It targets to open hotel and department stores to cover AEC. It expects 2016 revenue to grow 10-15% backed by tourism. (Thun Hoon, 30/10/15)
Comment: The family already has a foothold there, so this is just a natural extension of the group’s overall business
AIS pushes for joint venture with TOT, Mobile leader wants to rent telecom towers – Mobile leader Advanced Info Service Plc (AIS) has submitted a joint-venture proposal to TOT Plc to operate telecom tower sites after its mutual second-generation (2G) mobile concession expires next month. (Bangkok Post, 10/8/15)
Comment: Well they need it given the expiration of its concessions and in the case that 4G may (or not) be postponed
2Q15 earnings dropped 13%QoQ and 56%YoY hit by decreasing backlog and inefficient cost control. It plans to pay an interim dividend of Bt0.55/share. (ASTV, 10/08/15)
Comment: AIT – once a darling, it’s being hurt along with anyone else that relies upon government projects for their revenues, but it doesn’t change the fact that once the government becomes operational AIT will be a major beneficiary given the continued investment in IT by Thailand.
BEAUTY expects 2Q15 earnings of Bt61mn. Its CEO says 2015 revenue will achieve 20% target growth backed by high demand locally and overseas. (Thun Hoon, 10/08/15)
CSS’ board has approved an interim dividend of Bt0.1/share, XD on Aug 21, PD on Sep 7. It reported 2Q15 earnings of Bt68mn (+44.92%YoY). 1H15 net profit was Bt131mn (96% growth). (Khao Hoon, 10/08/15)