ANAN targets 2016 revenue of Bt14.5-15.5bn (43% growth) backed by Bt38bn backlog. It targets sales of Bt21.5-22.5bn with 32% gross margin. It is confident 2015 revenue will reach target of Bt10-11bn. It plans to launch ten projects, valued at Bt22-23bn, next year. (Thun Hoon, 18/12/15)
Comment: Perhaps one of the few property companies still growing in Thailand
AJD expects 4Q15 earnings to be good backed by Top-Up machines. It plans to add 50,000 ToUp machines next year. (Thun Hoon, 18/12/15)
Comment: Follow this name at your own risk.
ASEFA expects orders to surge from mega projects and growth in data centers. (Thun Hoon, 18/12/15)
BCP is budgeting Bt3bn to expand its oil retail business in 2016. It plans to open 60 gas stations and also focus on non-oil business for sustainable growth. (Khao Hoon, 18/12/15)
CRANE expects performance to turn around next year backed by demand. It expects 2015 revenue to achieve its target. It is talking to a prospective partner to invest abroad. (Thun Hoon, 18/12/15)
Comment: It has consistently been an undervalued stock despite the fact that core business has always done ok.
BANPU plans to list subsidiary Banpu Power (BPP) on the SET in 1Q16. It targets an increase in electricity capacity from 1,878MW to 2,700MW to 4,000MW in the long term. (Khao Hoon, 09/09/15)
Comment: This should change the value proposition in BANPU dramatically.
BROCK is talking to three prospective partners to invest in mixed-use property in Phuket, valued at Bt10bn. It expects 3Q15 earnings to be good backed by high orders. It expects 2015 revenue to grow 10%. (Thun Hoon, 09/09/15)
BSM expects to expand to Australia, finalized within 1-2 months. A JV with KCM proceeds as planned. It expects 2H15 revenue to be good backed by Bt30mn from Myanmar and India. It expects 2015 revenue to achieve target of 20% growth. (Thun Hoon, 09/09/15)
Comment: Always liked this company, never liked its valuation.
DCON expects 2H15 revenue to be good aided by 16,000 foundation piles for EA’s solar farm and high demand from private power projects and public investment. It has budgeted Bt500mn to acquire land. (Thun Hoon, 09/09/15)
Comment: DCON’s price is returning back to earth as the news of the condominium recognition is well known in the market.