ANAN expects transfers will increase in 2Q18 as Ashton Asoke project worth Bt6.7bn has started transfers. The company is going to launch three new projects worth Bt8.047bn and targets to achieve revenue of Bt38bn. (Kao Hoon, 18/5/18)
Comment: But this hasn’t been official yet hence the volatility in the share price in the past 2 days.
BANPU remains confident on its earnings performance in 2Q18 driven by higher demand for coal which has boosted coal price to US$104-108/t. The company reaffirms its production plan of 45mt in 2018. It will continue to invest more in the US shale gas business, with more deals to be concluded this year. (Kao Hoon, 18/2/18)
Comment: It seems that only BANPU is confident, no one else is.
BBL targets expand its credit card client base to the younger generation, aged 23-28, expecting to acquire 250,000 cards from this segment out of total 500,000 new card issuance target. It targets credit card spending to increase 15% this year. (Kao Hoon, 18/5/18)
BCP expects its EBITDA to be steady YoY despite the planned maintenance shutdown in 2Q18. Its upgrading units will be completed in two years, which will allow its crude intake to increase to 130kbd. More expansion of its convenience stores and coffee houses will continue to diversify source of revenue. (Thun Hoon, 18/5/18)
BPP plans to increase its capacity to 4,300 MW by 2025. It expects earnings recovery in 2Q18 due to the absence of extra expenses and running at full capacity. )Kao Hoon, 18/5/18)
CSS expects to achieve revenue of Bt5bn this year, increasing 10%, driven by telecom and trading projects. In 1Q18, it booked net profit of Bt36mn and revenue of Bt1.098bn. (Kao Hoon, 18/5/18)
DTAC plans to invest Bt15-18bn in a plan to offer data-intensive services on the telecommunications operator’s 2100 MHz and 2300 MHz spectra. The company expects services on the 2300 MHz LTE-TDD network will reach 37 provinces by the end of this year and cover the whole country by the end of next year. (Kao Hoon, 18/5/18)
ERW expects revenue to increase 10% this year, in line with the tourism industry. It expects its occupancy rate to reach 82%, driving revenue per room to a 4% increase. It plans to open six new hotels in 2H18. (Kao Hoon, 18/5/18)
Comment: 4 years of no political issues had led to this stock maintaining its fair price for the past year. A rarity.
GULF expects earnings to continue to improve in 2Q18 on more revenue from six new SPPs. The company plans to enter Vietnam via a joint venture for solar power with capacity of 50MW worth Bt1.7bn. This will increase revenue contribution from overseas to 30%. It expects to know the result of bidding for a power plant in Oman in 3Q18. (Thun Hoon, 18/5/18)
IRPC expects to book Bt620mn revenue from sale of land in 3Q18 after selling land in Rayong to a JV with WHA. Some foreign investors have already shown interest in this industrial land. The company expects 2018 earnings to improve YoY from its additional capacity of PP/PE. (Kao Hoon, 18/2/18)
JMART expected net profit this year to be on par with last year. It expects profit to peak in 4Q18 after hitting bottom with a net loss of Bt187.26mn in 1Q18. It will rapidly make reserves for J Fintech. (Kao Hoon, 18/5/18)
KTC will submit a plan to split par from Bt10 to Bt1 to the shareholder meeting on July 6. The company expects to see an easing in provisions on an improvement in asset quality. Its NPL ratio decreased to 1.34% at 1Q18 from 1.65% at 1Q17. (Thun Hoon, 18/5/18)
Comment: So with SAWAD’s NPLs at 8%….what will happen to KTC?