AGE expects high season in 4Q18. It has 500-666k tons of coal prepared to send to customers. It expects sales volume to reach 3mn tons after it sold 1.8mn tons in 1H18. (Thun Hoon, 13/9/18)
Comment: Well..ok but I don’t see much happening here regardless, and the #’s aren’t showing much either.
AMATA is speeding up the sale of land. It has sold more than 350 rai in 3Q18. It is negotiating with customers from China and Japan who want to purchase more than 500 rai. EEC is also helping add to sales. It is confident that land sales will reach 925 rai this year. It plans to invest more in Vietnam, Myanmar and Laos. It is working to raise recurring income contribution from 60% to 80% of its total revenue. (Thun Hoon, 13/9/18)
Comment: Far away from their high targets set at the beginning of the year, the EEC plan still hasn’t gone anywhere
ANAN will open bookings for IDEO Ratchada-Sutthisan condominium worth Bt1.6bn through “Ananda Online Booking” for just one day, Sep 25. The key selling point for this condo is its location. (Kao Hoon, 13/9/18)
CPN has budgeted Bt10.16bn for a subsidiary to undertake a tender offer for 50.43% of GLAND shares at Bt3.1/share. It is preparing a tender offer for the remainder for Bt9.99bn, after which it plans to delist GLAND from the SET. (Kao Hoon, 13/9/18)
Comment: This was telegraphed at the beginning of the year when the major shareholders in GLAND split their shares from the family holdco to individual’s names. The plans to delist GLAND aren’t a guarantee because its a mandatory offer.
No grace period. The board of the NBTC on Wednesday resolved not to give a grace period for mobile phone subscribers using 850MHz spectrum on DTAC’s expiring concession. (Krungthep Turakij, 13/9/18)
Comment: We called this a dangerous game of chicken played by DTAC
GFPT expects 2H18 results to be outstanding, supported by high season and THB depreciation. It says revenue this year will grow from last year’s Bt17.5bn. It has budgeted Bt4-5bn to expand slaughterhouses and processing plants, raising production capacity. (Thun Hoon, 13/9/18)
INTUCH has asked the board to raise the budget for venture capital with TMT from Bt200mn a year as it is getting more deals. TMT is investing in 12 startups and negotiating with 1-2 startups. TMT has invested 20% with budget of Bt40mn in Choco Card Enterprise. INTUCH plans to list the enterprise in mai in next two years. (Thun Hoon, 13/9/18)
LPN targets rental income to reach Bt30mn this year after setting up “Lumpini Township RangsitKlong 1” project for rent with 8 buildings and 1.5k units. (Kao Hoon, 13/9/18)
SGP is partnering with EGAT to bid for the import of LPG. It expects 2H18 sales to rise in tandem with rising natural gas price. It has budgeted Bt600-700mn to acquire an LPG business in Bangladesh. The decision will be made at the end of this year. It is confident that revenue will reach its target of Bt65bn. (Thun Hoon, 13/9/18)
SKY was awarded the supply and installation of a digital radio communication system for the Royal Thai Police worth Bt4.34bn, raising its backlog. It is bidding for projects with total value of Bt1bn and the results will be known this year. It says revenue will reach Bt1bn this year. (Kao Hoon, 13/9/18)
WICE expects 3Q18 results to be outstanding, underpinning 2H18 results, supported by high season. It expects revenue to be a record high of Bt1.8bn this year. It is dealing with 4-5 major customers for new orders. The deal will be concluded this year. It is negotiating with 2-3 parties to become venture capital partners in the logistics business. The conclusion will be known next year. (Kao Hoon, 13/9/18)
Comment: If they buy another company then the price will rally yet again…as it has done with the past 2 …