AAV
AAV expects to finalize with a European partner to invest in MRO at U-Tapao Airport. The project value is Bt1.5bn. The company expects to serve more than 200 aircraft and plans to invest in a pilot and crew training center. The company targets earnings to hit a new high after the strong 1Q18 earnings at Bt1.0bn. (Krungthep Turakij, 15/5/18)
Comment: Every airline (ex Thai Airways) 
BEAUTY
BEAUTY reported 1Q18 revenue at Bt904.94mn, up 31.62% YoY and net profit at Bt282.41mn, up 41.45% YoY. The company expects the strong earnings will continue in 2Q18 and plans to focus more on on-line shopping and China market. (Kao Hoon, 15/5/18)
Comment: Believe it or not, these results missed consensus estimates. 
BGRIM
BGRIM reported 1Q18 net profit at Bt512mn, up 22% YoY, backed by rising electricity capacity to 133MW. (Kao Hoon, 15/5/18)
CHAYO
CHAYO plans to book sale of assets in 2Q18 and targets to increase non-performing asset portfolio by Bt5bn. The company targets revenue growth of 10% this year. (Thun Hoon, 15/5/18)
Comment: Can’t see a world where CHAYO and JMT are not going to perform well
GOLD
GOLD plans to use B7.0bn to buy land for future projects. It has current backlog of Bt5.3bn. The company updates that occupancy rate at FYI Center is high at 95% and targets revenue to hit Bt17.8bn this year. (Thun Hoon, 15/5/18)
GULF
GULF reported revenue at Bt3.36bn and net profit at Bt1.7bn, up 54.2% YoY, backed by strong revenue of Bt3.36bn. (Kao Hoon, 15/5/18)
Comment: And yet the stock drops by 7% as of writing
KTC
KTC’s Board approved a par split from Bt10/share to Bt1/share and will propose this to the EGM on July 6, 2018. (Kao Hoon, 15/5/18)
Comment: Will need to check the Agenda, but I do not see why KTC need’s an EGM just for a stock split
MACO
MACO reported net profit of Bt53mn, up 42.3% YoY, backed by rising revenue and full-year consolidation of Comass Co. Ltd. It is talking with a partner to expand overseas and expects to reach a conclusion in mid-2018. (Kao Hoon, 15/5/18)
Comment: Boom acquisition earnings coming through
PTG
PTG believes its 2Q18 operations will be driven by rising fuel demand and growing food business. It targets revenue at Bt115bn this year. It plans to open Plam Complex in June and this project will contribute revenue of Bt240/year. It is studying with a partner to expand into the logistics business. (Thun Hoon, 15/5/18)
Comment: The palm complex had been postponed from the end of last year. Logistics makes sense for PTG given the number of locations they have throughout the country
SIRI
SIRI reported revenue growth from SDH of 82% to Bt3.6bn but revenue from condominiums dropped, resulting in lower profit. Management expects operations to improve for the rest of the year and expects to book sales of two condo projects in 2Q18 with a value of Bt3.0bn. (Thun Hoon, 15/5/18)
SPCG
SPCG expects strong operations in 2Q18 backed by rising revenue from solar farm Tottori Yonago Mega Sola in Japan of 30MW that will increase total capacity to 290MV. It maintains revenue growth at 10% this year and targets capacity to hit 500MV in 2020. (Kao Hoon, 15/5/18)
SUPER
SUPER is expected to announce a special dividend after setting up an infrastructure fund this year. Management said the company has strong financial health and plans to invest in a wind power project in Vietnam with capacity of 698MV. (Kao Hoon, 15/5/18)
THCOM
THCOM signed an MoU with Mediavision, a European content provider, to expand broadcast service into Africa via THCOM 6 satellite. (Kao Hoon, 15/5/18)
UAC
UAC reported 1Q18 revenue at 1.279bn, up 259.78% YoY and net profit at Bt90.89mn, jumping 349.03% YoY, backed by sales of high-value products in its trading business. (Thun Hoon, 15/5/18)

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.