ANAN is confident that revenue will grow by 152%YoY to Bt38bn. Current backlog is Bt54.6bn and Bt23.8bn of this will be booked as revenue this year. It expects 2H18 revenue to grow HoH. (Kao Hoon, 24/9/18)
Comment: Part of their plan, and not a surprise given the delay of Ashton Asoke last year.
The Supreme Court Upholds the Ruling on EXAT Compensating Bt1.8bn to BEM. The Supreme Administrative Court has upheld the Administrative Court to require the Expressway Authority of Thailand (EXAT) pay compensation to Northern Expressway Company Limited (NECL), a subsidiary of Bangkok Expressway and Metro Public Company Limited (BEM), regarding the case of building a competitive expressway, which is against regulations. (Kao Hoon, 24/9/18)
CK will bid for construction projects in 4Q18-1Q19. Current backlog is Bt62bn. It expects revenue to be more than Bt30bn this year with profit margin of 8-9%. (Thun Hoon, 24/9/18)
CNT was awarded the construction of Khon Kaen airport terminal. Management is confident that revenue will hit its target. Backlog is Bt11bn and Bt8bn of this will be booked as revenue this year. It is bidding for many projects. (Thun Hoon, 24/9/18)
Comment: Is CNT back in the game with this?
COMAN expects 2H18 results to be good. It expects 2H18 revenue to grow HoH, supported by high season for tourism. Backlog is Bt30mn and Bt10-20mn of this will be booked as revenue this year. It is looking for new jobs. It is dealing to acquire one company and will know the result this year. (Thun Hoon, 24/9/18)
Comment: All part of their long term plan
JWD expects 3Q18 results to outperform due to logistic business expansion and new business support. It targets revenue growth of 30%YoY. It is dealing with a company overseas to enter the food business in China, hoping to increase its revenue channels. Details will be clear in 4Q18. (Thun Hoon, 24/9/18)
Comment: I do like the way they setting up throughout Thailand the region, effectively guaranteeing themselves yield in every market they are entering by locking in customers first. Cold storage is an underrated part of the logistics industry.
PJW expects sales volume to recover in 2H18, supported by new orders. It targets sales volume to reach its target of 8% growth. It expects its autobody paint shop to run at full capacity in 2019. (Kao Hoon, 24/9/18)
PM expects sales volume to grow in 2H18, supported by high season. It expects outstanding sales volume of Taro snacks. It has budgeted Bt37bn to add production capacity to support demand in China. (Kao Hoon, 24/9/18)
SC expects 4Q18 results to be the year’s peak, supported by high season. It targets revenue of Bt17bn this year supported more customers. It plans to launch new projects with total value of Bt15bn. Backlog is Bt17bn and this will be booked as revenue in 2018-2019. It is acquiring an apartment building in the US with the results known this year. (Thun Hoon, 24/9/18)
TLUXE expects earnings to turn around next year. It targets revenue growth of 5-10% this year. It will book extra gain of Bt1.4bn from the sale of a power plant within 1Q19. It plans to invest in 20 wind turbines and 3-9 geothermal power plants to reduce animal feed business risk. (Kao Hoon, 24/9/18)
TOA expects sales volume to increase in 2H18, supported by high season. It expects 2H18 results to be good. It will keep its EBITDA at 18.5% this year. It is bringing production capacity to 102mn gallons/year by opening three paint factories in Indonesia, Myanmar and Cambodia. (Thun Hoon, 24/9/18)
Comment: It’s a margin game with the moving of raw mat prices in the short term but in the long term its the regional expansion that is driving this company.
TVD has budgeted Bt1bn to acquire Spring News Television, expanding its product advertising business. NEWS, the major shareholder of Spring News Television, says the joining of TVD will support its subsidiary’s growth and it is preparing to ask an approval from shareholders at an EGM. (Kao Hoon, 24/9/18)
Comment: Whaaaaat, wth would they waste capital on this? Buying their own channel? Jesus…