BGRIM

BGRIM buys 124mw SPP1 cogen powerplants from GLOW for Bt3.3b, lifts total 3,266mw, will book immediate contribution from 2Q.

Comment: Knowing the team at BGRIM, this will immediately be accretjve to their earnings and valuations.

ERW

ERW target 10-15% revenue growth, driven by higher OCC & RevPar yoy, 9 hotels on track to debut this year.

FPT

Frasers Property (Thailand) board approved a voluntary tender offer to acquire GOLD @ Bt8.5 each.

Comment: So will UV Plc be next ?

PSH

PSH sets Bt47b revenue target, from 55 new launches worth Bt68.1b, Bt54b presales, +5.7% yoy, Bt21.6b of Bt33.2b backlog to realise this year.

Comment: At this size, they have become the market.

PTTGC

PTTGC sees revenue this year on par with last year, sets Bt40b capex, to wrap up plastic recycling plant in Rayong by mid-year and US petrochemical complex by end of year.

PTG

PTG sees record high revenue this year, Bt140-150b, a 35-40% yoy growth, sets 40-50% EBITDA growth, keeps #2 market share with 4,800m liters sales, +16-20% yoy.

Comment: Revenue growth has never been the problem for PTG. The issue lies in the marketing margin. And how quickly will the non oil business kick in to minimise the volatility from the marketing margin.

SIRI

SIRI’s customers will be able to buy all of its residential units thru a mobile app and online starting in April this year.

Comment: I don’t believe this is completely accurate, perhaps customers can book units on the app, but actual transfer of ownership?

TISCO

TISCO target Bt15b car loans this year +40% yoy, will add 40 branches tally total to 300 outlets by end of year, focus upcountry & EEC area

Comment: I shall need my thinking cap on for this one.

TMB/TCAP

Finance Ministry said TMB and TBANK are expected to sign MoU next month, taking them another step towards a merger.

Comment: It definitely looks like it’s being pushed through.

TNP

TNP will add 5 supermarket this year to 26 branches by end of year, upbeats SSSG supported by higher spending from government welfare program and larger traffic at stores at 2nd tier provinces.