AAV
AAV expects this year’s performance to be robust supported by strong tourism and route expansion. The company expects the number of passengers to reach 19.5 mn with load factor at 85-86%. It also looks to open a new route to Vietnam in June. (Thun Hoon, 30/05/17)
Comment: Still the best airline operator in the country (region?)

ANAN
ANAN will launch seven new projects in 2Q17 worth Bt22.6bn. This will support revenue to reach targets of Bt7.35bn in 2Q17 and Bt31.5bn in 2017. Currently, the company has backlog of Bt42bn, Bt25bn of which will be recognized this year, mostly in 4Q17 at around Bt15bn. (Thun Hoon, 30/05/17 )
Comment: We do wonder if/when will issues arise from transferring these higher value units, until then might as well enjoy the ride

AOT
AOT is going ahead with its plans to develop phase 3 of Don Muang Airport to increase capacity from 35mn passengers to 40mn, at an investment cost of Bt32bn. This will be submitted to the board in November. The project is targeted to finish in 2022. (Thun Hoon, 30/05/17)

BEAUTY
BEAUTY is doing a roadshow in London, Scotland, and the Netherlands with Phillip Capital Group, visiting 19 funds. Feedback has been positive on the back of demand growth and earnings reaching new highs, as well as market expansion domestically and overseas. This year’s revenue is expected to surpass target of Bt3.1bn. (Thun Hoon, 30/05/17)

BRR
BRR will submit its VSPP bid. The company expects a strong 2Q17, up YoY supported by strong demand both domestically and overseas on top of a strong sugar price. Revenue is expected to grow 30% YoY. (Thun Hoon, 30/05/17)
Comment: And its upcoming IF listing

BTW
BTW is waiting for the results of its solar farm bid in the second round of government and community solar farms. The company expects revenue to grow 10% YoY with module projects getting a gross margin of 25-30%. (Thun Hoon, 30/05/17)

CK
CK issued four senior bonds with total value of Bt6bn. BBL, KBANK, and KTB will distributors of this bond to institutional and major investors. (Thun Hoon, 30/05/17)

EARTH
EARTH expects to benefit from mines in Indonesia, boosting its 2H17 performance. It expects 2017 revenue to reach target of Bt30bn on the back of higher demand and selling price. (Thun Hoon, 30/05/17)
Comment: Whereas shareholders aren’t benefiting at all from the major shareholders rather odd practices. Corporate governance rating is an F!

ECF
ECF to extend timeline for biomass power plant project with TRUE-P, as well as IFEC’s debt repayment deadline to August 26. It is waiting for IFEC management to finalize its decision on the acquisition of TRUE-P. (Thun Hoon, 30/05/17)

EPCO
EPCO plans to issue a Bt1bn debenture (2-4 year) with interest rate of 5-5.35%. It will offer this to major shareholders on June 5-7, 2017. It will use the cash as working capital, for expansion and to buy land for future project development. (Thun Hoon, 30/05/17)

ICHI
ICHI is budgeting Bt800mn to acquire a machine that will increase capacity by 300mn bottles/year from 1.2bn bottles/year now. It maintains its 2017 revenue target of Bt6.5bn and will focus on marketing campaigns at home as well as launch new products to boost sales. (Thun Hoon, 30/05/17)
Comment: If their energy drink can take off, then it will change the story of ICHI.

ITD
ITD signed two contracts for mass transit lines in Dhaka Bangladesh, valued at Bt20bn. It also plans take part in the dual-track bidding (Hua Hin – Nakorn Pathom, 84km), worth Bt7.3bn. It expects the winner of this project to be announced in mid-July. (Thun Hoon, 30/05/17)

ORI
ORI targets 2017 revenue at Bt9bn, up from its earlier target of Bt6bn, with sales above Bt13bn. Behind this is the acquisition of PARK 24. It expects the deal to be done within Oct, lifting 4Q17 performance to a record high. (Thun Hoon, 30/05/17)
Comment: And post this record high things will return to normal and the share price will decline back to…7?

PSTC
PSTC plans to invest in 46.8MW of alternative energy this year. It will use internal funding out of its Bt2bn cash on hand. It expects 2017 performance to turn around with substantial revenue of over Bt1bn aided by revenue from selling electricity. (Thun Hoon, 30/05/17)

QTC
QTC plans to ask board approval to invest in 220MW solar power at Minbu in Myanmar via subsidiary, QTCGP. It expects 2H17 performance to turn around on the back of Bt400mn in work on hand. It plans to take part in bids for both private and public projects. It expects 2017 revenue to hit Bt1bn. (Thun Hoon, 30/05/17)
Comment: Woah!

RS
RS expects to get Bt2.4bn from warrant exercise. It will use the cash to develop Channel 8 and produce more content. It expects 2017 revenue to reach target of Bt3.5bn. (Thun Hoon, 30/05/17)
Comment: The warrants will hit the market on the 1st June, am damn curious to see how they are priced

SAMTEL
SAMTEL expects to sign a Bt1bn contract of Bt1bn at the end of May. (Thun Hoon, 30/05/17)
Comment: A continuation in the recovery of public sector IT projects

TPBI
TPBI expects 2Q17 earnings to grow gradually on numerous orders that are lifting its utilization rate to 70%. It expects 2H17 performance to be good on seasonality. It does not worry about the baht appreciation as it has entered into forward hedging. It is talking to a prospective partner in Myanmar and expects clarification in 4Q17. (Thun Hoon, 30/05/17)

Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes:

<a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>

This site uses Akismet to reduce spam. Learn how your comment data is processed.