ADVANC

ADVANC decided not to participate in the upcoming 900 MHz spectrum auction because it has sufficient spectrum and in fact holds the most in the industry. It reiterates that it is number one in terms of customer base with more than 40mn telephone numbers. (Thun Hoon, 9/10/18)

AF

AF revises its strategy to apply digital systems for managing and supporting factoring loan transactions. It targets invoice purchase value growth of 20% next year. (Thun Hoon, 9/10/18)

AP

AP says 9M18 presales were Bt30.7bn, 77% of its target of Bt39.8bn. It plans to launch 18 property projects in 4Q18 with total value of Bt31.23bn. Current backlog is Bt55.24bn. (Kao Hoon, 9/10/18)

BAY

BAY sold 50% of its holding in Ngerntidlor to CVC Capital Partners Asia Fund IV (CVC) and Equity Partners Limited (EPL). EPL is managed by the Chearavanont family. It says the new management team will boost its microfinance business. (Kao Hoon, 9/10/18)

BCH

BCH is preparing to open Kasemrad Hospital Ramkhamhaeng on Oct 22 with 139 beds and cost of Bt928mn. The hospital was rebranded from Karunyawet Hospital. It will have 13 hospitals and one clinic under management at the end of this year and it expects double-digit revenue growth this year. (Kao Hoon, 9/10/18)

KIAT

KIAT is bumping up foreign revenue to be 20% of total revenue from the previous 5% after gaining a job from clients in Laos. It expects to receive Bt160mn from the job. It expects revenue growth of 30% this year. (Thun Hoon, 9/10/18)

NYT

NYT got a windfall after major customers rented almost 120K square meters in its warehouses with a five-year contract. It will begin booking this revenue in 4Q18. Gross margin is stable at 45% and it expects revenue growth of 3-5% in tandem with industry growth. (Thun Hoon, 9/10/18)

SCN

SCN will hold up in GEP Thailand and stay as the major shareholder. It expects more than 10% IRR from the Minbu solar power plant in Myanmar, which is the biggest solar power plant in ASEAN. The project will generate recurring income from electricity distribution for 30 years. (Thun Hoon, 9/10/18)

TITLE

TITLE has entered the “condotel” market. It is working with Best Western to establish and manage the fifth phase of Title Rawai beach condotel. It expects to hold presales for the condotel in November with project value of Bt800-900mn. (Thun Hoon, 9/10/18)

TPCH

TPCH expects total electricity production capacity to reach 200MW in 2020. It is continuing to acquire power plants. It will bid for a 40MW waste electrical power plant at the end of this year and plans to set up a power plant in Myanmar in 2021. (Kao Hoon, 9/10/18)