A targets 2018 revenue and presales growth of 30% and plans to launch 11 projects valued at Bt7.92bn. (Khao Hoon, 08/03/18)
Comment: A rather odd stock given its consistent straight up movement over the past 7 years, but given that fact they are planning to launch this number of projects, arguably justifiable valuations here.
AGE is expanding its shipping business to support rising demand. It says four ships will be delivered in 2Q18, raising its fleet to 12 ships and it has ordered tend more ships to be built. It expects this to bring 2018 revenue growth of 20-25%. It also plans to expand to the China and Vietnam markets. (Khao Hoon, 08/03/18)
DTAC is continuing dtac Accelerate for six more years, partnering with Google and Line to develop and bring new start-ups to the market. It has budgeted at least Bt100mn to invest in start-ups in 2018. (Khao Hoon, 08/03/18)
Comment: So its users can get used to a continuing decline in the quality of their network as they aren’t investing in it.
GPSC believes 2018 revenue will continue to grow from 2017 brought by the full-year of revenue from three power plants. It plans to start commercial operation of 392 MW this year, which will raise total capacity to 1,922 MW. It has budgeted Bt6bn for new power plant development, M&A and a battery plant. (Thun Hoon, 08/03/18)
IRPC expects greater growth in revenue in 2018 than in 2017, which reported revenue of Bt216.845bn, as all petrochemical businesses are growing well and refining capacity has risen to 215,000- 217,000 bbl/day. It is progressing in M&A deals, both domestic and overseas, which it expects to finalize this year. (Thun Hoon, 08/03/18)
JMART cuts 2018 earnings growth target from 30% to stable from last year, as its subsidiaries, JFintech and SINGER, will set aside material bad debt reserves in 1Q-2Q18. (Khao Hoon, 08/03/18)
Comment: Shocking numbers for JMART, all of the growth has come from JMT, but there were losses from singer and Jfintech that ruined their 2017 numbers
PTT expects to trade at Bt1 par value in May 2018. It projects average crude oil price in 2018 at US$60-65/barrel, supporting a good performance. It is in the process of transferring assets to PTTOR in order to list the company in 2019. (Thun Hoon, 08/03/18)
PTTGC plans to raise 2018 sales target from Bt480bn in response to improve oil price and spread. It says 1Q18 results will be good thanks to rising sales volume from production capacity expansion. It has budgeted Bt30bn for investment, focusing on expanding the PO/polyols-mLLDPE projects. It plans to issue a Bt10bn bond to repay loans and for investment. (Thun Hoon, 08/03/18)
ROBINS has budgeted Bt15bn for a five-year investment plan. It plans to add 2-3 stores/year to reach 59 stores in 2022. It says 1Q18 results will be good as it is going to open two new stores, in Chonburi and Chaiyaphum, that will get in on rising demand in the EEC. It projects to have 48 stores at the end of 2018. (Khao Hoon, 08/03/18)