ALT in JV with RATCH in underground cable optic investment.
ANAN to spend up to Bt8b to buy land for the development of 10 residential projects worth Bt38b +42% yoy, Bt36b presales +14% yoy, and Bt36b +9% transfers, to focus more on mid to upper-end segment.
Comment: Fact remains, last year they hit it out of the park far above everyone’s estimates.
ESSO target gasoline sales volume +3-4% yoy, sets Bt2b capex to add 40 stations and revamps existing branches to boost non-oil revenue, expects higher chemical margins from higher paraxylene price.
Comment: I’m still waiting to hear the rumour again that ESSO is up for sale. It’s happened 3x in the past 8 years
GUNKUL 35mw JPN solar on track to cod in March, will join bidding for floating solar projects at 5 dams from and submarine cable projects, target to win >30% of Bt30b total bidding.
Comment: Hmmmmm…..this firm…to me has one shady track record with its projects
JKN in talk 5 DTV channel to supply contents, already signed deal with 2 channels, new JKN CNBC program on air in 2Q19, target revenue growth >20%.
Comment: The way the owner is moving shares around must be questioned.
TEAMG signs consultancy contract with state railway to prepare feasibility study for dual-track railway Si Racha-Rayong and Map Ta Phut – Khlong Yai route.
Comment: Similar type of business to PPS, questions will remain around its scalability and accounting of project revenues and profits.
ZEN, a JPN restaurant, to sell IPO at Bt13 apiece, subscription from February 7-8 and 11, Kasikorn Securities is lead underwriter, listing on February 20.
Comment: This could be good. MK part deux? I think Zen has a better portfolio of restaurants than MK Suki, however MK has the brand power that Zen doesn’t and arguably are better operators