AGE
AGE set capex of Bt30mn to set up a sorting and gliding plant, supporting its coal transportation services by sea, which it expects to contribute 10% of total revenue. It expects earnings growth of 10% with coal sales target growth of 20-30% to 4mn tons, focusing on customers in China, Vietnam and Cambodia. (Thun Hoon, 11/1/19)
Comment: Still in the news often and still not banging out the #s that are mentioned in the news. But to their credit revenue has been growing.

BCH
BCH recommends investors study hospital revenue structure. BCH has been focusing on the number of patients and hospital expansion rather than bumping up charges, so it believes it will be little affected by a control over prices – which in any case will take some time to implement. It expects revenue growth in double digits this year. (Thun Hoon, 11/1/19)
Comment: And this is the billion baht question at the moment, how far are the relevant ministries willing to push and enforce any new laws?

DELTA
DELTA expects 1Q19 revenue to be good, supported by new orders from new and existing customers. It targets revenue growth of more than 20% this year. It plans to launch a new product, a wireless control system, which will provide a high margin. The new product is expected to be ready for sale in 2Q19. (Thun Hoon, 11/1/19)

DTAC
DTAC to pay B9.5bn to settle disputes with CAT. Total Access Communication Plc (DTAC), a subsidiary of Norwegian telecoms firm Telenor, has agreed to pay 9.5 billion baht to settle all but two legal disputes with CAT Telecom Plc. (Bangkok Post, 10/1/19)
Comment: It seems that their lawyers were afraid and just decided to advise the board to settle, according to a friend the question here should be “Shouldn’t they be asking minority shareholders at a vote for such a decision?”

EA
EA said its 260MW Hanuman wind farm will start operations gradually from mid-January. It expects to be running full out in February, bringing 2019 revenue to a new high. (Kao Hoon, 11/1/19)

KTB
BoT yet to take action on KTB case. The Bank of Thailand has yet to take action against Kittiphun Anutarasoti, chief executive of CIMB Thai Bank (CIMBT), after Krungthai Bank (KTB) made public the findings of its investigation into loans extended to Energy Earth, which included serious allegations against him. The central bank said it is waiting for additional information from KTB. (Bangkok Post, 11/1/19)

RS
CEO is forging ahead with acquiring more companies as RS’s MPC (multi-platform commerce) and media businesses are doing well. He is talking to several companies and expects to announce a decision by midyear. He says the MPC business provides a gross margin of over 60%. He targets record-high revenue for RS at Bt5bn and he expects revenue from MPC to be higher than media. (Thun Hoon, 11/1/19)
Comment: To me it shows that their cosmetic business has peaked.

SPA
SPA will book investment income from CHABA, where it expects margin to be close its spa business. Management plans to add 10 spas this year with target revenue growth of 20%, supported by recovery of Chinese tourists. It plans to go abroad as well, still in the negotiation process. (Thun Hoon, 11/1/19)

  1. I wonder what the actual figure is, if they settled for 9.5? If its for 100B plus then maybe they didnt want to roll the dice and bankrupt the company?

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