AGE is cooperating with a Chinese partner to expand its market in China. It targets sales of 50,000tons/month which will support its target growth of 25-30% from 2.36mn tons in 2016. It plans to implement active strategy both at home and abroad and plans to diversify to logistics and warehouse businesses. (Thun Hoon, 08/03/17)
FER 100% of Star Gas has been transferred to FER. It expects this to act as a springboard to engage in alternative investment. It expects this to increase revenue and provide sustainable growth. (Kao Hoon, 08/03/17)
Comment: It’s a rather strange company still since new shareholders have come in
HFT expects 1Q17 performance to turn around from last quarter on large orders and a weaker baht. It expects 2017 revenue growth of 8-10% from 2016’s Bt2.5bn with gross margin above 30%. (Thun Hoon, 08/03/17)
K reported 2016 net profit growth of 14.68%. It recently got a Bt172mn construction and decoration project. It expects gradual growth in 2017 supported by private investment and retail. (Thun Hoon, 08/03/17)
Comment: The story here remains the same, a lot of new malls = more retail shops = more projects for companies like K
KTIS expects return to net profit in 2017 on a rise in sugar price to US$0.20-0.21/pound and revenue contribution from its third biomass project. It expects to acquire 50% of a biomass complex. (Kao Hoon, 08/03/17)
Comment: The sugar story seems priced in and valuations are already quite sweet (ha!) 

PDI expects solid growth in 2017 aided by higher zinc price and a full year of revenue from a solar farm. It has set a three-year investment plan of Bt6bn. It targets power capacity of 150MW. (Kao Hoon, 08/03/17)
RML expects performance to be good on the back of Bt4bn backlog which is expected to be booked this year. It targets presales of Bt5.5bn. It plans to launch two new projects this year. (Thun Hoon, 08/03/17)
Comment: I think with the new CEO projects are finally going to happen far faster than under the previous one. 
SCC is budgeting Bt15bn to acquire 100% equity in VCM, an integrated cement operator in Vietnam. This will increase ASEAN production to 10.5mn tons/year. (Thun Hoon, 08/03/17)
SR got a Bt65mn project to design and set up a gas pipeline to add to its backlog of Bt566mn, sufficient to cover revenue until 2018. It expects 2017 revenue to be better than last year. It will pay a dividend of Bt0.06/share, XD on Mar 10. (Kao Hoon, 08/03/17)
TKT targets 2016 revenue growth of 5-10% on Bt1.05bn backlog that it expects to recognize in 2017. It expects a lower net loss in 2017 from the 2016 net loss of Bt67.54mn. It expects the auto industry to grow 5% to production of 2mn units. It is budgeting Bt20-30mn to improve production efficiency. (Thun Hoon, 08/03/17)
TOG is studying setting up a subsidiary in the U.S. to increase revenue from abroad. It expects clarification to be made within 4Q17. It targets 2017 revenue growth of 7-10% from 2016’s Bt2bn from more clients. Its new production line is scheduled to start up in 2Q17 and will increase its capacity by 50%. (Thun Hoon, 08/03/17)
TRC plans to take part in Bt26.5bn bids. It expects the contract for the Bt33bn potash mining project to be signed soon. It plans to issue a Bt2bn debenture for new investment. It targets revenue to reach Bt10bn in 2019. (Thun Hoon, 08/03/17)
VIBHA expects 2017 performance to be better than 2016 from extra gain from selling shares in seven hospitals. It is looking for an M&A opportunity to provide sustainable growth. (Thun Hoon, 08/03/17)
Comment: Some funny things going on here, so they’ll sell off a hospital to a friend because its been a drag on earnings, but they’ll of course be able to recognise a gain here. Now there’s nothing with this because arguably VIBHA is getting rid of an underperforming asset, removes the -ve impact on cf’s and p&l, and will be able to realise a 1-time gain of 60-70mn baht. But then they say if these hospitals begin to perform well then they’ll buy them back. Ok….

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