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)
AKR says foreign investors are interested becoming partners to invest in alternative energy. It expects 4Q15 earnings to mark a record high backed by numerous orders. It targets 2016 revenue to grow not less than 25% thanks to Bt6bn in bids. It expects the government to approve solar farm projects. It plans to invest in 40MW. It plans to expand to ASEAN. (Thun Hoon, 08/01/16)
Comment: Well its a natural step forward for them as they are trying to shift away from being a project based only company
ATP30 expects 2016 net margin to double from 2015’s (5% in 2015 to 10% in 2016). It expects to make a decision whether to invest in or acquire a logistics business within mid-2016. It expects to invest be not less than Bt100mn. (Khao Hoon, 08/01/16)
European investors are interested in BEAUTY shares because of its strong fundamentals and growth. It expects 2016 revenue growth of 20% aided a broader customer base at home and abroad. (Thun Hoon, 08/01/16)
CK expects to report 2015 net profit of Bt2.39bn. It plans to take part in Bt600bn public project bids. (Khao Hoon, 08/01/16)
IVL has agreed to acquire BP Chemical’s Alabama plant (720 KMT PX, 1,020 KMT PTA, and naphthalene dicarboxylate or NDC) within 1H16. (Khao Hoon, 08/01/16)
Comment: We do wonder how on earth IVL will reach it’s warrant exercise prices in the next 2 years.
Power and property strengthen foundation of Thai Polycons
SET-listed Thai Polycons Plc (TPOLY) has been in the construction business since 1988 and since diversified into renewable energy and property. President Chainarong Chanpalangsri discusses the company’s strategy and outlook.
Please explain Thai Polycons’ history and business model.
We started in 1988 initially with 1 million baht in capital and 30 employees as a subcontractor focusing on small construction projects. Over time, we grew and eventually listed on the Market for Alternative Investment (MAI) before moving to the main board of the SET.
Today we have four main business lines. Our core business is construction of multiple project types, from infrastructure to property or commercial developments. Second, we have a renewable energy company that focuses on biomass power plants. Third, we have a property business and will launch our second development next year. Finally, a trading business supports each of the above business lines.
How is the construction business progressing and how do you view the industry in Thailand?
We’ve had issues with our performance due to the increase in the minimum wage. The government’s insistence any impact would be minimal was incorrect, as the cost of each item increased and resulted in project losses for ourselves and others in the industry.
Going forward we’re confident, as our backlog is currently at 5 billion baht excluding potential work with MAI-listed TPC Power Holding Plc (TPCH). Our customers range from property developers to hospitals, infrastructure and power plants, and we’re able to bid for projects across the board, as our philosophy is to remain open to new opportunities. The industry has a lot of potential with the government’s plans for infrastructure work, and we hope to participate in some projects with partners or joint ventures.