ANAN targets 2018 total number of transfers to grow by 76%, reaching Bt40bn and targets presales to grow by 24% at Bt40bn as well. It plans to launch 22 new projects worth Bt48bn and has budgeted Bt9-11bn for investment to buy land. (Thun Hoon, 24/11/17)
Comment: Still a straightforward story from this developer, the risks remain the same, will real buyers transfer when the time comes.
AP says 4Q17 results will be the highest in 2017 after booking revenue from the transfer of four new condominiums worth Bt11.5bn. It also expects presales will reach Bt40bn in 2017 after reaching Bt38bn currently. (Khao Hoon, 24/11/17)
ASP raises weighting of investment in start-ups, as some of them have provided six-fold returns; it currently invests in six start-ups. It reports 9M17 revenue of Bt1.884bn from 9M16’s Bt1.811bn. (Thun Hoon, 24/11/17)
Comment: I’ve met a few of the start-up’s they’ve invested in and yes I was impressed.
GFPT targets 2018 revenue to grow by 5-10% as it expects broiler prices to continue to trend up, with costs coming down. It plans to increase production capacity and to expand slaughterhouse capacity. (Thun Hoon, 24/11/17)
Comment: And yet the share price has declined some 30% from its peak, rather straight forward commodity cycle here.
ILINK targets 2018 revenue to grow by 10% from 2017, as many projects are going to be booked as revenue. It plans to bid for new projects worth Bt10bn to increase backlog from the current level of Bt3.3bn; it expects to book the revenue from this project until 2020 and to finalize by the beginning of 2018. It also plans to list Interlink Power and Energy to strengthen its business . (Thun Hoon, 24/11/17)
ITEL plans to raise 2018 revenue to Bt1.2bn from its existing business and new security business to install CCTV, in which it expects to generate revenue of Bt100mn per year. It is going to bid for border internet project phase 2, worth Bt14bn. (Thun Hoon, 24/11/17)
L&E expects 2018 revenue to grow by 20%, as it has backlog of Bt1.2bn which will be booked as revenue and it will start to book revenue from its subsidiary in Vietnam next year. It plans to raise revenue proportion from overseas to 8% from currently 5%. (Khao Hoon, 24/11/17)
BOI approved investment budget of Bt6.5bn to support business of Nok Scoot, as it purposes to increase choices for tourists and promote air transportation. (Khao Hoon, 24/11/17)
PCSGH believes 2017 revenue will reach Bt4bn backed by the recovery in automobile industry. It plans to raise 2018 revenue to grow 5-10%, as it will book all its backlog of Bt1.7bn next year. It is negotiating on new deal, worth more than Bt2bn, which it expects to finalize in 2018. (Khao Hoon, 24/1 1/17)
Comment: The share price has recovered sharply on the back over the recovery in the industry
THMUI projects 2018 revenue to grow by 20% and plans to hold gross margin at 40%. It is going to expand to new customers and plans to use IPO funds to build inventory to support customer orders. (Khao Hoon, 24/11/17)