AGE
AGE says earnings will be a new high this year, driven by a rise in local and foreign orders, especially from Vietnam and Cambodia. It says 4Q is a high season and targets 2018 revenue growth at 20-25%. (Thun Hoon, 3/7/18)
ARROW
ARROW expects 10% revenue growth in 2Q18 and expects 2H18 earnings to be better than 1H18’s after it was awarded infrastructure and real estate projects. It targets revenue growth at 10-20% to Bt1.6bn this year. (Thun Hoon, 3/7/18)
CENTEL
CENTEL is confident in its strong business. It is going to do a roadshow in Malaysia and Japan to tell investors about its business. Management maintains its revenue target growth at 7-8% and the company is finding new opportunities in the food business. (Thun Hoon, 3/7/18)
D
D revised up its 2018 target revenue growth to 20-30% (from 10-15%), driven by revenue from Dental Vision Ltd. in 2H18. it believes its profit margin will also increase. (Thun Hoon, 3/7/18)
LPN
LPN launched a premium SDH project Baan 365 with a value of Bt3.2bn and it expects sales of more than Bt2.0bn this year. It expects revenue contribution from SDH will rise to 7% this year and to 10% in 2019. It plans to rent 200 apartments in Rangsit for recurring income. For 2018, it targets revenue to reach Bt12bn. (Thun Hoon, 3/7/18)
Comment: It makes sense that LPN should have some recurring income assets given its target market. In the past low to mid income earners were able to receive mortgages that could cover 5-7k a month rents. But with bank lending becoming more restrictive, LPN’s customer base demand just completely dried up.
PTG
PTG affirmed that its fundamentals and business has not changed. It targets revenue growth at 20%. (Thun Hoon, 3/7/18)
Comment: It’s the same machine growth for PTG. But you are finally seeing every other player in the market mimic their type of stations

RS

RS says its skincare and food supplement market has returned to normal and this will support 2Q18 revenue. (Kao Hoon, 3/7/18)
SAT
SAT says the automotive industry remains in an uptrend and it has received a lot of orders. The company has US orders valued at Bt300-400mn that will be delivered by the end of this year. It expects profit margin to be more than last year’s 9.12%. Management is searching for new business opportunities in Thailand and abroad. The company will do a roadshow in Hong Kong in August. (Thun Hoon, 3/7/18)
TOP
TOP’s board approved capex of Bt160bn to invest in CFP project to upgrade its production capacity to 400k bbl/day. The company is going to summit the proposal to the shareholders for approval on August 27. (Kao Hoon, 3/7/18)
WHAUP
WHAUP is going to do a roadshow at Singapore. It targets 2018 revenue growth at 13-15% from last year, supported by higher water and electricity demand. Its solar farm acquisition in Thailand will be announced in 4Q18. It is going to issue Bt5bn in debentures. (Thun Hoon, 3/7/18)
  1. Terrible news re GGC, this company only has a market cap just shy of 10B based on current prices, how do you let someone defraud you of a 5th of your company if you’re supposed to have the tight controls under the PTT umbrella?

    • Mistakes happen, even big ones like this, at the very least it was discovered, reported and acted upon before it could become larger. Fairly certain that in the coming years it will be forgotten.

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