ALT
ALT signed an MOU with edotco, a Malaysian company, to provide telecommunication infrastructure construction services in Thailand and Southeast Asia. It expects this will raise the proportion of revenue from renting network infrastructure business to 50% within 2020. (Thun Hoon, 14/12/17)
Comment: At first glance this doesn’t get one excited but when you realise that edotco is a sub of Axiata Malaysia which could be considered the equivalent of AIS in Thailand
AMANAH
AMANAH targets new loans to reach Bt1.5bn and will keep NPLs below 7% in 2018, leading revenue to grow by 20% from this year. It also says 4Q17 earnings will be the highest in 2017. (Thun Hoon, 14/12/17)
CPF
CPF projects 2017 revenue will reach Bt500bn, growing by 10% as targeted, driven by the growth of overseas businesses. It plans to increase production efficiency to achieve its goal to become the “kitchen of the world” and will to continue to invest overseas. (Thun Hoon, 14/12/17)
Comment: It’s still odd that CPF is effectively trading at THB 2/share when you strip out CPALL so why are investors ignoring it?
DCORP
DCORP is expanding its digital entertainment business to support the growth in Thailand’s tourism. It plans to budget Bt325mn to buy 37.5% in Hero Experience(HE) shares, which is currently developing the first Marvel-themed amusement park in Southeast Asia. It expects to open this amusement park in mid-2018. (Thun Hoon, 14/12/17)
Comment: Hmmm….for a loss making entity I don’t see how this will quite turn things around
DIGI
DIGI reports “We chat pay” users in 4Q17 has exceeded 1,000mn. It plans to add more collaborating stores to reach 10,000 stores from the current 4,000. It targets total service usage through its system to reach Bt1bn, covering all types of payment to increase convenience to response to Chinese tourists. (Thun Hoon, 14/12/17)
Comment: The story for this company is great, but the performance and execution isn’t..
MTLS
MTLS believes 4Q17 results will grow by 50% as targeted and targets 40% growth on average for the next three years. It does not expect to need to raise capital for at least three years and D/E is currently at no more than 4%. It currently has a Bt850mn nano loan portfolio, with 40,000 clients. It is going to conduct a roadshow in Singapore in January, which it hopes will raise the proportion of foreign holdings to 15% from 1.6%. (Khao Hoon, 14/12/17)
Comment: An interview coming up on this co and he’s done everything he said he would thus far
PLANB
PLANB targets 2018 revenue to grow by at least 15-20%, as the economy is recovering and it is going to book a full year of revenue from overseas. It expects to finalize on 2-3 M&A deal in both domestics and overseas. It plans to budget Bt600-800mn to add 130 digital billboards. (Thun Hoon, 14/12/17)
RATCH
RATCH has budgeted Bt300bn to increase production capacity by 7,000MW in 10 years. It plans to find an M&A deal to add 350MW capacity and to COD 528MW in 2018. It also plans to expand to the upstream energy business. (Thun Hoon, 14/12/17)
TKS
TKS board approved 60mn shares right offering with ratio of 6.0034:1 and price of Bt10/share, discounted from market price. It expects to use this fund for tender offer of TBSP at a price of Bt15.70, which will request for shareholders’ approval on 15 February 2018. (Khao Hoon, 14/12/17)
Comment: And that would explain why TKS crashed yesterday
  1. smart observation about CPF. One has to wonder if they will ever spin off 49% of CPALL . I am ignorant of their debt load and exposure to rising interest rates. Or am I missing something.?

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