GUNKUL reaffirms Bt10b revenue target this year, +20% yoy, expects to sign Bt700m new contract, boosting backlog to Bt9.6b, sets 3-year capex at Bt20b to boost capacity, mulls investment in hemp business and Built2Suit. GUNKUL target FY21 revenue growth >20% yoy from larger power portfolio, Bt3b out of Bt9.6b EPC backlog to transfer this year, aims to secure 10-20% out of Bt20b current bidding before end of year, hemp farm to begin operation from October.

MTC sets Bt100b loan book target next year from Bt80b this year, revises growth up to 30-35%, keeps NPLs at 2%, all Bt4b bond were sold out to boost liquidity to sustain long term growth.

Comment: Their growth along with every other player in the market is just evidence how YUGE the loan shark market is/was in Thailand. And as long as money is cheap, I can’t see their margins declining (excl BOT regulations)…

PM anticipates solid 3Q from strong pet foods exports to US & EU, improved snacks sales from larger distribution network, mulls estimate online shelf to boost e-commerce, establish subsidiary in Shenzhen, China to penetrate snacks market, finalize plan 4Q.

TM firms on Bt700m FY21 revenue target, supported by air purifiers sales, patient transfer devices, disposable med supplies and Covid ATK test kits, elderly care projects, The Parents (phase 2), to begin construction in October, target cod FY24, expects to gen recurring income Bt100m-150m p.a.

TIPCO branches out from fruit juices & beverage to hemp & herbal business, sees demand for alt medicine instead of pharma, launches online marketing to boost e-commerce, several new products to launch next year.

Comment: Perhaps the “safest” hemp play in Thailand due to their distribution network. However they’ll be unlikely to move as quickly as the others in the industry.