AMATA
AMATA maintains its presales target of 925 rai this year. It expects 4Q18 presales to be outstanding. Next year, it expects presales growth of 10% to 1,000 rai, backed by large demand from Chinese and Japanese. Backlog is 13,000 rai. It plans to raise land price in Amata City Chonburi. It will increase recurring income contribution from 61% to 80% in the future. It plans to set up industrial estates in Myanmar and Laos, with the plan fleshed out next year. (Thun Hoon, 28/11/18)
AMATAV
AMATAV expects revenue and sales to grow by 5-10% this year and targets revenue and land sales to grow by 10% next year. It has budgeted Bt3bn to invest in real estate. (Kao Hoon, 28/11/18)
ASK
ASK will continue to see earnings growth in 2019. It expects revenue growth as government investment will push loan demand. It targets loan growth of 10-15% this year. (Thun Hoon, 28/11/18)
BTS
BTS expects revenue to grow by 200% this year. South Green Line, Baring – Samut Prakan will open for service on Dec 6. This will increase revenue by 30%. It expects passengers to grow by 5%. It targets earnings growth of 25% per year through five years. It has budgeted Bt1bn to buy 98 trains in 2020. (Thun Hoon, 28/11/18)
Comment: Not impossible. They have their cards lined up to do so.
GCAP
GCAP joins with 9F International Holding Pte. Ltd China to set up a joint venture in December. It will hold 51% of the new joint venture, which will provide loans via mobile phone. (Thun Hoon, 28/11/18)
Comment: Say what? Really? If it works, great, it not then just another great story…
GLOW
GLOW earnings will drop in 4Q18 after the Supreme Court reversed a verdict that subsidiary GHECO-1 will not receive a corporate tax refund and Bt466mn FX gain. GLOW must book Bt303mn expense in 4Q18 financial report. (Kao Hoon, 28/11/18)
GULF
GULF prepares to issue Bt10bn debentures in 1Q18. It targets revenue of Bt20bn this year and Bt332bn next year. It will book revenue from the addition of 600MW electricity production capacity next year from 2,253MW at the end of this year. (Kao Hoon, 28/11/18)
Comment: I wonder what rates debentures get today…
JKN
JKN notified the SET that its executive sold stocks to Chalerm Harnphanich, MD and CEO of BCH. It unveiled next year’s business plan. It will continue to distribute soap opera content. It has budgeted Bt800mn to buy content. It expects to deliver content worth Bt335mn within this year. (Thun Hoon, 28/11/18)
Comment: Rumours have it that more will be transferred but this seems to have been postponed
SCN
SCN says it already delivered the second round of NGV buses. The third round of 100 NGV buses will be delivered in December. It expects revenue of Bt1.2bn this year as it will book revenue for the firstround delivery in 4Q18. The last round 187 NGV buses will be delivered in February next year. (Thun Hoon, 28/11/18)
Comment: And this payment will be great for both SCN and CHO
THAI
THAI board approved the purchase of 38 aircraft. Management is drafting a five-year procurement plan (2019-2023) with a maximum budget of Bt100bn and then will send this to the cabinet for approval in December. (Kao Hoon, 28/11/18)
Comment: Hmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmm, anyone know the real price per plane?
TVD
TVD shareholders approved the acquisition of 90.1% in Spring News Television to operate digital TV channel 19. It expects the acquisition to increase opportunities in the mass market. It plans to change the station’s name and schedule. (Thun Hoon, 28/11/18)
Comment: Again another business unit for them…ok…well…hope they somehow figure out how to move all the pieces together. 

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