AOT 

AOT board yesterday gave the nod to a Bt42b plan to build a 2nd terminal at Suvarnabhumi airport, but it scrapped a controversial blueprint for the terminal’s design. 

Comment: And so..now what?  

BANPU 

BANPU anticipates 1Q turnaround driven by full quarter power gen capacity of BLCP powerplants following maintenance shutdown 4Q18. 

KOOL 

KOOL anticipates meaningful turnaround 1Q from surged cooling prod sales from increase temp from El Nino, eyes 10% sales growth. 

META 

META’s 50mw Minbu power plants in Myanmar on track to cod in March, 50mw phase 2 to cod in 4Q, in talk Japanese partner to invest in 50mw bio-mass pp to capitalize 100mw PPA on hand, will finalize deal within 1Q. 

PTTEP 

PTTEP said its JV Mozambique LNG1 has entered into a LNG sale and purchase agreements (SPAs) with Pertamina, which calls for 1m tonnes p.a. (MTPA) for a term of 20 years, and Bharat Gas Resources for 1 MTPA for a term of 15 years. 

RATCH 

RATCH to COD another 179.73MW, boosting tally this year to 8,960MW, including acquisition of 350MW PP in Q1-Q2, sets Bt20b capex. 

SCN 

SCN sees 1Q19 boosted by delivery of 189 NGV buses and rev recognition of solar powerplants Minbu to COD in 1Q, firms on 30% revenue growth this year. 

Comment: SCN is now being rewarded for believing in CHO  

SIRI 

SIRI to sell Bt5.5b 3 years CD @ 3.8% pa. (quarterly interest payment) to curb costs, target new launch 26 projects worth Bt57b, maintain Bt32b FY19 transfer target, Bt65b backlog to realize till FY22. 

Comment: What?? That cheap?  

STA 

STA upbeats 1Q earnings from higher rubber selling price at Bt48/kg in February vs Bt40/kg beginning of year. 

NER 

NER to wrap up rubber selling contracts with 3 Chinese clients in March, target 262k tons sales volume this year, eyes 20% revenue growth target above Bt13.5b, sees full year average rubber price above Bt50/kg. 

UV 

UV target new launch 31 projects worth Bt38b, Bt25.8b full year revenue target, Bt9.7b of Bt10b backlog to realize this year, set Bt15b capex to add land bank. 

Comment: What property slowdown?