AGE plans to expand to Vietnam where demand is high. It expects 2H17 sales to jump on the completion of the setup of a JV. It targets 2017 sales to grow 25-30% from last year’s 2.36mn tons. It expects 1H17 domestic sales to be good, with orders from major clients up 50%. (Thun Hoon, 26/04/17)
Comment: I just see increasing liabilities w/o increasing revenues on their b/s.
BCP expects 1Q17 net profit of Bt1.2bn on the back of strong growth in the oil and retail business. (Kao Hoon, 26/04/17)
BEAUTY expects 1H17 sales to be robust. It aims at 2017 revenue growth of 20% from last year. It is budgeting Bt160mn for investment. (Thun Hoon, 26/04/17)
Comment: A lot of these earnings would go straight to the bottom line, the only question for this company – as it has been for the past 6 months) is are you willing to pay for these valuations?
BH expects 1Q17 performance to peak aided by foreign patients and higher charges. It expects 2017 earnings to grow 10% on more patients. (Thun Hoon, 26/04/17)
BIGC’s board approved borrowing from BJC of not more than Bt11bn. It will use the funds to repay and restructure its debt. It expects the transaction to be done in Dec 2017. It expects interest expense of not over Bt500mn. (Bangkok Business, 26/04/17)
Comment: Well 1) what’s the rate? 2) Why wouldn’t local banks rollover/extend the loan?
CPF denies rumors of acquisition of 7-Eleven in Indonesia. It targets 2017 revenue growth of 8-10% to Bt500bn on the back of recovery in the shrimp and broiler businesses. It plans to increase revenue from abroad. (Kao Hoon, 26/04/17)
DELTA reported 1Q17 earnings of Bt1.34bn, up 7% on the back of high orders. Sales in 1Q17 were Bt12bn with gross margin of 26.5%. (Kao Hoon, 26/04/17)
HMPRO reported 1Q17 net profit of Bt1bn, up 20.79% with revenue growth of 4.52% to Bt15.27bn. (Kao Hoon, 26/04/17)
KTC targets 2017 personal loan growth of 15% despite the slowdown in the economy and purchasing power. It plans to acquire 160,000 new clients. It plans to launch marketing campaign to spur personal loans in 2Q17. (Thun Hoon, 26/04/17)
MALEE plans to expand abroad as well as into a new market segment. It expects to get OEM orders soon. It aims at 2017 revenue growth of 10-15%. (Thun Hoon, 26/04/17)
Comment: I think this company got quite lucky with the OEM growth esp w/ coconut water drinks, w/o this sudden ramp up MALEE’s #’s wouldn’t be where they are today. Then again you could also applaud management for ensuring that the company was well-positioned to benefit from this.
MINT expects to benefit from tourist arrivals on seasonality that will support its 1H17 performance. It plans to expand its food business both at home and abroad. It already has 20 contracts for hotel management and plans to look for more contracts. (Thun Hoon, 26/04/17)
RICHY expects substantial revenue growth this year on Bt3.2bn in backlog that it expects to book soon. Its shareholders approved a Bt503.96mn capital increase to be used for business expansion. It plans to launch three projects valued at Bt2bn this year. (Kao Hoon, 26/04/17)
Comment: HAH! Stupid little property company, first it goes public to raise capital, then it runs out of money, and now it has to recap. Thai Airways numero 3?
SENA targets 30% p.a. growth in the power business for the next five years. It expects solar farms and rooftops to contribute revenue of Bt400mn this year. (Kao Hoon, 26/04/17)
SCC expects to report 1Q17 net profit today of Bt17bn, up 25% YoY, underwritten by a strong petrochemical business. (Kao Hoon, 26/04/17)
SQ expects 1Q17 net profit of Bt141mn, up 100% YoY, backed by high orders. It expects this to increase its gross margin to 34%. (Kao Hoon, 26/04/17)
TSE’s shareholders approved investing Bt19.65 bn in 154.98MW Japanese solar farms. It plans to cooperate with STEC in this project. (Thun Hoon, 26/04/17)
UNIQ targets 2017 revenue growth of 10% to Bt14bn on the back of Bt33bn backlog. It expects this to cover revenue through 2022. It plans to take part in upcoming bids, i.e. dual-track projects, mass transit, and airport runway. It expects this to push up its backlog to Bt68bn. (Thun Hoon, 26/04/17)
WICE expects 1Q17 performance to be good on the back of revenue contribution from SEL. It will hold a roadshow in Singapore and Hong Kong at which it expects to attract foreign investors. It targets to be a logistics leader in Asia. (Kao Hoon, 26/04/17)