AMA
AMA expects 2018 performance to be in positive territory. It plans to raise its freight rates by 5% and benefits from THB depreciation. It targets revenue growth of 30%. In the liquid truck transportation business, it is preparing to add 30 service trucks in 4Q18 (Thun Hoon, 13/7/18)
Comment: This company seems to be forgotten by the market in general, but should these #’s make sense then this PTG associate co may be a surprise for next year.
ANAN
ANAN earnings performance is likely to improve strongly after 60% of Ashton Asoke condominium worth Bt6.7bn was sold out. (Thun Hoon, 13/7/18)
Comment: What crisis? Back to the same growth #’s post the issue of Ashton Asoke being resolved
AOT
AOT expects only short-term impact from the Phuket ferry tragedy on the tourism industry and is confident that the incident will not hurt its target revenue growth of 10%. It plans to upgrade cargo of agricultural products to meet European standards to reduce return rate. (Kao Hoon, 13/7/18)
EA
EA share price rose 6% after it announced the signing of an MOU with KEPCO KDN and ILJIN Power, the leading power generating company in South Korea, to set up a joint venture for power business in ASEAN. (Kao Hoon, 13/7/18)
Comment: What is interesting about KEPCO is that the korean gov organisation won’t take more than 30% their own domestic projects, they are angling for the carbon credits instead hence why you’re seeing companies such as BGRIM and EA able to close deals in Korea
EPG
EPG expects revenue from overseas to increase backed by THB depreciation and declining materials cost, implying that its 1HFY18 earnings will improve YoY. (Thun Hoon, 13/7/18)
NWR
NWR will book Bt288mn extra gain in 3Q18 from winning the Klongdan case. This will turn around 2018 earnings performance. It is bidding for new projects with total value of Bt29bn and the company expects to win more than 10% of the total value, increasing its existing backlog of Bt12bn. (Thun Hoon, 13/7/18)
SENA
SENA is preparing to launch a JV project, Piti Ekamai, with total value of Bt5bn on August 2 and expects 50% presales. It is confident that its 2018 presales target of Bt10.3bn can be achieved. It reports 1H18 presales at more than Bt5bn. (Kao Hoon, 13/7/18)
SPRC
SPRC announced a 15-day maintenance of the vacuum distillation unit in August to improve production efficiency. It expects the maintenance will not affect performance. It says 2Q18 revenue should continue to improve. It expects GRM at US$5-7/bbl and crude oil price at US$70-75/bbl. It is negotiating to buy retail petrol stations. (Thun Hoon, 13/7/18)
TEAMG
TEAM’s share price rose 11.57% above IPO price to Bt2.7. Management expects revenue will continue to improve YoY in 2018. It is preparing to participate in bidding for new projects worth >Bt1bn this year. The company also plans to expand its business to 10 countries in ASEAN within the next 3-5 years. (Kao Hoon, 13/7/18)
Comment: Not quite the pop I was expecting
THANA
THANA will partner with subsidiary TAKUNI to expand in the property business. It expects to see clear progress by early 2019. Management says the transfer of titles looks promising in 2H18, leading it to improve from 1H18. It targets revenue growth of 15-20% and budgets Bt500-800mn to buy land for developing new property projects. (Thun Hoon, 13/7/18)
UTP
UTP expects 2Q18 earnings to be strong, supported by many new orders and reduction of raw material cost. It says sales have increased to 18,000 tons/month, which will improve its 2H18 earnings. (Kao Hoon, 13/7/18)
WHA
WHA expects land sales to exceed 1400 rai this year and expects up to 500 rai to be transferred in the EEC zone in 2H18. The company reports that sale of land in the industrial estate in Vietnam will start from 4Q18. (Kao Hoon, 13/7/18)
Comment: EEC…no foreign firm will invest proper er amounts of capital until the country has announced, ratify and begin executing plans for the railway tracks, the BOI incentives, the airport, etc etc. As of now these are all still up in the air.

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