AKR upbeats 4Q earnings from recognition of turnkey solar projects worth Bt150m, additional Bt400m backlog pending to realize, firms on 15% revenue growth target, will wrap up JV 30mw Vietnam solar projects 1Q20

ANAN reports 90% booking of 1,424 units condo projects IDEO Charan 70 – Riverview, target 4 new projects worth Bt13b by end of year, expects strong transfer topped Bt6.6b in 4Q driven by property stimulus.

Comment: And so I wonder when the market changes its tune on the stronger listed players

BCP said Rocket projects will help boost efficiencies at refineries and add Bt1b EBITDA each year from 2021.

CPN launches Bt400m campaign to boost traffic by 20%, under The Kingdom of Happiness 2020 from Nov 22 – Jan 6.

KKP is expected to be rushed back into SET50 from Jan 1, 2020, together with TTW, replacing BPP and DELTA, while SET100 will welcome TQM, STPI, WHAUP, THG, BGC, Tabloid.

ILINK target 10% revenue growth next year supported by transfer of Bt1.7b backlog, upbeat outlook from healthy demand for equipment from datacenter, telcos and infra expansion, expects to win Bt2b submarine cable projects Samui-Panyee island next year

IVL reports completed acquisitions of specialty fibers business of Sinterama, will book immediate contribution from 4Q19.

LH reports Bt2b pre-sales from upscale projects 484 rooms projects, The Key Rama3, 80% of projects value, will book gains from assets disposal into LHHOTEL in 4Q.

Comment: Further evidence that there is still life in the real estate market for the major players

MC sees turnaround in both revenue and profit in 2022, on new designs and developments, distribution channels and partnerships.

Comment: The fact of the matter is that MC hasn’t been able to grow beyond its initial core market of decent quality cheap jeans for the upcountry market

PTT tones down 4Q earnings from potential inventory losses, expects oil price within US$ 59-60/bbl vs US$60.9 in 3Q.

SABINA reaffirms 7-8% revenue growth target, sees turnaround in 4Q on large lot of OEM orders, target 5-10% growth p.a. over 5-year plan to cut costs and boost sales.

Comment: Mainly a margin game here, they are continually outsourcing manufacturing to China which gives them a higher GPM

SCB mulls converting PACE’s debt into equity, after failing to secure new partner, clarity by end of month.

Comment: 0 into 0?

SCN, ECF and META are boosted by news that Myanmar government has officially endorsed COD of Minbu PP phase 1 with 50MW capacity.

Comment: It’s good to see that Thai co’s are still actively pursuing opportunities in neighbouring countries