CSL
CSL expects a better performance in 4Q16 than in 3Q16 after recognizing revenue from ICT and IDC (Internet Data Center). It expects 2016 revenue to grow 2-3% as targeted. It plans to invest in IDC to handle new clients. (Thun Hoon, 06/12/16)
Comment: Always a good dividend yield from this name but it has rarely performed well
 
EA
EA expects commercial startup of the 126MW HAD Ganghan project this year. It expects capacity to reach 404MW in 2017, expanding revenue. Construction on the Hanuman project continues, with completion expected in 2018. It expects its investment in Amita Technologies Inc to support growth. (Thun Hoon, 06/12/16)
Comment: No surprises here, it’s still going ahead with all their projects
 
GENCO
GENCO is budgeting Bt300mn to set up RDF plant at Ayutthaya. It plans to increase monofill. It is talking with a Japanese partner to invest in the precious metal extraction business. It targets revenue to grow 30% after it starts up its first RDF plant. It believes performance has bottomed out. (Thun Hoon, 06/12/16)
JUBILE
JUBILE plans to open 6-9 branches next year, both JUBILE Diamond and Forevermark. It targets 2017 revenue to grow 15% from this year’s Bt1.4bn. It plans to open a new branch in Singapore. (Thun Hoon, 06/12/16)
Comment: IS the turnaround in SSSG going to continue?

 
JWD
JWD is setting up a JV, Siam JWD Logistics, with Siam Motor Industries Co., Ltd. This company will engage in logistics services for auto parts. (Thun Hoon, 06/12/16)
KSL
KSL targets FY2017 revenue to grow 20% brought by large orders and higher selling price after average selling price reach US$21/pound. It plans to expand its customer base. It is studying investment in a 35MW biomass power plant in the northeast of Thailand. (Thun Hoon, 06/12/16)
Comment: And they have an IPO of a subsidiary coming, sugar names have been doing well, wouldn’t be surprised to see it continue
 
MILL
MILL expects 2017 revenue and net profit to be good on the back of higher sales volume and revenue sharing from the plant in Myanmar (Bt450mn). It expects gross margin to reach 15% in 2H16 after introducing a special grade of steel. (Thun Hoon, 06/12/16)
MJD
MJD reported 9M16 revenue of Bt4.44bn, surpassing its target of Bt3bn. Its backlog is Bt10bn which is expected to cover revenue until 2020. It plans to launch 2-3 projects/year to support revenue. (Kao Hoon, 06/12/16)
PJW
PJW is budgeting Bt200mn to expand its investment in China. It plans to take part in Bt100mn in bids. It expects 2017 revenue to grow 5-10% even though it revised down 2016 revenue growth from 8-10%. (Thun Hoon, 06/12/16)
QH
QH launched 2 townhome projects (Gusto Petkasem-Thaweewattana), valued at Bt1.2bn. Selling price starts at 2.45mn/unit. (Kao Hoon, 06/12/16)
SPALI
SPALI targets 2017 revenue and presales to grow 10% from this year. It plans to increase new launches by 15-20% from this year’s Bt30bn. It expects 2016 revenue to reach Bt22bn with presales of Bt24.5bn. Presales reached Bt23bn in 11M16 with backlog of Bt35bn. It expects this backlog to cover revenue until 2020. (Thun Hoon, 06/12/16)
THRE
THRE expects 2017 insurance premiums to grow 8-10% to Bt6bn from 2016’s Bt5.3-5.4bn. Its portfolio investment is Bt10bn with return of 4%. It plans to expand to CLMV, with Vietnam the first destination. It targets revenue from abroad to comprise 5-10% in 2018. (Kao Hoon, 06/12/16)
Comment: It’s an interesting company but the reinsurance market is tough and they’ve switched to simply creating new products for insurance co’s to sell.
 
TM
TM expects 2016 revenue to reach Bt600mn as targeted. It expects 4Q16 performance to be good on seasonality. It plans to focus on high-margin products. It expects 2017 revenue to grow 15-20%. (Thun Hoon, 06/12/16)
TNPC
TNPC targets 2017 revenue growth of 10-15% as it is talking to a prospective partner to expand abroad from 15% at present. It expects to benefit from auto industry recovery because auto producers plan to export eco-cars. It expects the paying off of loans for vehicles under the first-car scheme to lead to greater production. It expects this to increase orders. (Thun Hoon, 06/12/16)
WORK
WORK targets 2017 revenue of Bt3.4bn on the back of industry recovery. It expects to increase ad rate to Bt50,000-60,000/min. It continues to expand. It expects to invest in a new business soon. (Thun Hoon, 06/12/16)
Comment: I wouldn’t be surprised to see WORK continue to be the winner in the industry despite all the obvious issues, now the only question is how much more can they push their ad rates?

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