Names today: BSM, DELTA, IEC, ILINK, KSL, NWR, PCA, PCSGH, SAWAD, SMT, SORKON, SVI, SYNEX, TMB, TPOLY, WORK
BSM expects 2015 revenue of Bt600mn (+20%), meeting target. It plans to cooperate with KCM to increase distribution channels, especially for high margin products. It targets 2016 revenue growth of 15-20%. It expects exports to comprise 30%. (Khao Hoon, 29/10/15)
DELTA expects its performance to be good over the next two years backed by high margin products and a bigger customer base. It has budgeted Bt1bn to expand to India. (Thun Hoon, 29/10/15)
IEC expects 3Q15-4Q15 earnings to be good backed by its plastics plant. It expects 2015 net profit of Bt162mn. It targets power capacity of Bt23.59MW by the end of this year. It plans to increase capital by 24bn shares via PP, raising Bt700-800mn. (Khao Hoon, 29/10/15)
ILINK expects to get a Bt957mn PEA project which will be put up for bid on Nov 12. It expects 4Q15 revenue to be good backed by signal lines and telecom rather than engineering. It expects 2015 revenue of Bt3bn. (Khao Hoon, 29/10/15)
Comment: Still one of the most obvious beneficiaries from the 4G/digital economy..if it ever goes ahead that is.
ACD expects to show net profit in 3Q15 backed by property management fees of Bt35mn. It plans to buy three hotels in Phuket, expected to be finalized in 4Q15. It plans to acquire more property business in Laos and Cambodia. It is confident 2015 revenue will be higher than Bt1bn and expects to wipe out retained losses within two years. (Thun Hoon, 15/07/15)
ANAN expects 2H15 revenue of Bt10bn backed by revenue recognition. Management says it plans to launch new projects that will contribute revenue for the next three years. (Thun Hoon, 15/07/15)
Comment: I think the journo’s don’t understand what they are writing here, ANAN isn’t going to have THB 10 bn in revenue in its 2H15, perhaps an additional THB 10bn of new backlog to be recognised in the future.
DCC plans to open new outlets in Cambodia and Laos. It expects exports to double this year benefitting from numerous orders from Sri Lanka, the Philippines, and Malaysia. It targets sales of Bt7bn with profit in the double digits. (Thun Hoon, 15/07/15)
Comment: Every thai co in this segment has to expand overseas, the domestic market is dead for them, until agricultural prices increase …
ERW expects tourist sector to continue to trend up in 2H15. It expects 2015 revenue to grow 30-35%. It plans to open 5 HOP INN hotels in 3Q15-4Q15 and 10 in 2016. (Thun Hoon, 15/07/15)
Comment: Always liked this company, but its a asset heavy business and despite their best attempts it isn’t easy to increase value.
AQ says AQ Aria Asoke, valued at 1.6bn, sold out within 1 week after launch. It plans to launch new projects focused on single detached houses and townhomes. (Khao Hoon, 08/07/15)
Comment: Location is still the most important part of property regardless of the brand name, AQ has done a decent job getting its projects up and running but still worried re its valuaton
ARROW expects 3Q15 earnings to mark a record high with 25% gross margin backed by implementing cost controls and stable materials cost. It expects 2015 revenue to achieve target. It expects to get Bt20mn from selling pipe for underground cable in 3Q15. (Thun Hoon, 08/07/15)
Comment: Arrow has been on such a run for the past few years, we do wonder aloud if they have the necessary capacity to match all the potential projects
BCP expects 2Q15 earnings to grow aided by refinery margin and stock gain. It targets power plant capacity of 200MW this year. (Khao Hoon, 08/07/15)
Comment: Just like every other industrial related co, they’ll have profits in 2q as a result of stock gains, 3q however now looks to be unfolding the other way
BEAUTY plans to broaden its market to Indonesia, expected to be clear in 2H15. It expects 2015 revenue to increase 20% thanks to strong demand. (Thun Hoon, 08/07/15)