ABM expects to boost earnings after a loss in 1H18. Management says sales volume has reached target of 280k tons. Sales volume of Wood Palace factory was 60K tons in 1H18. It has budgeted Bt70mn to build 5K tons production capacity. It expects sales volume will peak in 2020. (Thun Hoon, 1/10/18)
ADVANC is partnering with JMART to add product distribution and digital service through JMART’s 443 stores, adding new customers. JMART targets buyers of mobile phones with a monthly package to triple this year. (Kao Hoon, 1/10/18)
Comment: COM7 is with True and AIS is now with JMART, done the stage has been set.
DIMET expects its OEM business to double, supported by new orders. It plans to raise utilization rate to 90-95% of production capacity of 400K liters/month. Management is working hard to turn around its earnings via customer expansion. It plans to partner with other companies to bid for projects. (Thun Hoon, 1/10/18)
GFPT expects 2H18 results to be better HoH, benefiting from recovery of broiler price to Bt33-34/kg. It is studying to enter into the Middle Wast. It has been exporting more to China and expects export revenue to reach 25-30% of its total revenue. It is building a new chicken slaughterhouse. (Thun Hoon, 1/10/18)
Comment: The dip and recovery hasn’t been as wide as in the past for domestic broiler prices.
III expects growth in all businesses, supported by high season for logistics. Its Don Muang warehouse has generated revenue consistently and it plans to expand to support new demand. It expects Thailand Post will return to use its air freight services in 4Q18 and this revenue will be booked immediately. It expects earnings growth of 15-20% this year. (Thun Hoon, 1/10/18)
PCSGH expects a lot of orders in 2H18 after booking a full year of revenue from Kuepper Group. It targets revenue growth of 10% from last year’s Bt3.98bn. It is still looking for new orders to raise its revenue. (Thun Hoon, 1/10/18)
PTT’s board approved a dividend payment of Bt22.85bn. It is paying an interim dividend of Bt.80 per share with XD on Oct 11. (Kao Hoon, 1/10/18)
SIRI has budgeted Bt10mn to acquire 25K shares of Onion Shack, a technology startup, giving it a 20% holding. It expects to use new technology for its real estate business to accommodate its customers and increase competitiveness. (Kao Hoon, 1/10/18)
Comment: Well…ok…I think shareholders better start to question what is coming out of all these investments that SIRI have made in the past 5 years?
TMI expects a harvest from its investment next year. It expects to receive many government projects, supported by the general election. Next year, it believes earnings will turn around after it has changed its retail marketing. It continues to invest in the energy business and will book a full year of revenue from a 1.4MW power plant. It targets increasing electricity production capacity to 10MW in 2019 and 50MW in 2020. (Thun Hoon, 1/10/18)
WP expects 2H18 results to be good. It expects to be able to clear Bt320mn accumulated loss this year and will pay a dividend next year. (Kao Hoon, 1/10/18)