Partnership may decide if AIS joins 4G auction — The uncertain status of a partnership agreement between TOT Plc and Advanced Info Service (AIS) may put the latter under increasing pressure to join the renewed auction for the 900-megahertz spectrum. (Bangkok Post, 28/3/16)
ARROW expects 1Q16 earnings to be good on the back of recovering in construction and its active strategy. It expects 2Q16 earnings to be better than last year after its backlog reach a record high. (Thun Hoon, 28/03/16)
Comment: And they continue to grow and grow and grow
BEAUTY expects 2016 earnings to mark a record high. It targets revenue of Bt2.1bn (20% growth). It plans to expand its business by supplying its products via 7-eleven and opening new branches at home and abroad. It plans to hold a roadshow at Japan in mid-2016. (Khao Hoon, 28/03/16)
Comment: With growth slowing (but still great nonetheless) will investors decide this company isn’t worth its 30x PE anymore?
CWT expects 2016 revenue to achieve Bt2bn (20% growth) aided by Bt1.5bn backlog, revenue from teak exports of Bt400mn and automotive leather orders from abroad. It is budgeting Bt800mn to invest in power plants. (ASTV, 28/03/16)
DCORP is considering investing a Japanese solar farm. It expects 2016 earnings to turn around. It expects its wind power plant to start construction by the end of this year. (Thun Hoon, 28/03/16)
IEC cancelled the 32,960-share capital increase via PP after minority shareholders filed a complaint with the SEC. It expects no impact because it has been granted a line of credit of Bt270mn by Thanachart Bank. (Khao Hoon, 28/03/16)
Comment: I do like the fact that minority shareholders can actually have a say these days..
K targets 2016 revenue to grow 30% with net margin of 6-7%. Its backlog is Bt627mn and it expects to book all this year. It plans to take part in Bt1bn bids. It is budgeting Bt60mn to increase capacity. (Khao Hoon, 28/03/16)
Comment: With all these new malls coming up in the next 5-10 years, K is incredibly well positioned to benefit from this.
PF expects 1Q16 sales to reach Bt3.5bn as targeted after has already achieving Bt3bn. This will increase its backlog to above Bt6bn, with Bt4.2bn expected to be booked this year. It plans to increase its sales by expanding its market upcountry. It launched a Bt1.77bn condo at Hua Hin, and presales have reached 35%. (Thun Hoon, 28/03/16)
PM expects 2016 revenue to grow 5% brought by launching new products and income from associates. It expects the snack industry to grow 5% despite the economic slowdown. (Khao Hoon, 28/03/16)
PTL’s board approved a capital increase to Bt900mn. It plans to allocate 100mn shares to existing shareholders at a ratio of 8:1. It expects this to strengthen its financial statement, reduce debt, and increase investment opportunity. (Thun Hoon, 28/03/16)
SAMCO expects 2016 earnings to reach new high if GDP grows 3.7% as forecast. It targets revenue to grow 30%. It plans to launch three projects valued at Bt4.4bn. It is budgeting Bt900mn to buy land for future projects. It expects its projects to be included in the Baan Pracharat scheme. (Thun Hoon, 28/03/16)
Local institutions are interested in SGP shares because of its strong fundamentals. It targets 2016 revenue growth of 5% from 2014’s Bt58.3bn, bolstered by high demand. It expects to complete a deal for a 5,000-ton gas warehouse in Myanmar in March. It expects this to increase its revenue from overseas. (Thun Hoon, 28/03/16)
Comment: Yeah if the owner decides to stop trading commodity prices.
TCAP plans to focus on HP for used cars and “car for cash”. It expects this to make up for the lack of recovery in loans for new cars. It plans to launch a new campaign for first car buyers by offering installment payments of Bt59/day with interest rate at 3.18%. It expects 10,000 car buyers to join this campaign with Bt3bn in total loans. (Thun Hoon, 28/03/16)
TSR expects 1Q16 earnings of Bt34mn (+38%) aided by launching new products and focusing on telesales. It expects this to increase its earnings 30% on average over next three years (2016- 2019). (Khao Hoon, 28/03/16)
Comment: Boom and still more growth, but a stock dividend is coming…