ANAN expects to outperform its sector within the next three years. 2Q17 will benefit from strong sales volume . (Thun Hoon, 2/6/17)
Comment: Let us hope for their sake that the property market continues it strength in new developments.
BIZ received loan approval from CIMB Thai for the Cancer Treatment Center at Chulalongkorn Hospital. The project is expected to start up in 40 months. (Thun Hoon, 2/6/17)
BTS benefits from cabinet approval for BSR Joint Venture to take on the Pink and Yellow lines. The deal is expected to be signed on June 16 and undergo EIA assessment after that. The Pink and Yellow lines are worth around Bt6bn. (Thun Hoon, 2/6/17)
Comment: No surprise. They will be dominate for years/decades in this industry
DNA management expects 2Q17 to turn around after a loss of Bt270bn last year with support from a new business line which will start in June. The company expects to eliminate all losses carried forward by 2020 by an emphasis on OEM, beverages, and food supplements. The company targets revenue of Bt300bn this year . (Thun Hoon, 2/6/17)
Comment: One should stay far away from this group, the owner is happier making money from his stock price volatility than the actual business performing.
EA expects to book contribution from 90MW wind farm in 2Q17. The company is currently doing a feasibility study on renewable power in neighboring countries worth no less than 20MW with the final decision expected by the end of this year. The company will also invest Bt2bn into the construction of a battery plant. Performance is expected to be good this year, supported by contribution from all 404MW which will be a new high for the company. (Thun Hoon, 2/6/17)
Comment: It’s the battery plant that has my curiousity, the renewable projects are what they are, straightfwd and easily to value
ECF subsidiary ECF Power will invest in a 220MW solar farm, ‘GEP’, investing over Bt1bn. (Thun Hoon, 2/6/17)
EPG plans to invest Bt1.2bn in the auto, construction material and packaging businesses. An M&A will likely materialize next year to support 10% YoY growth in 2018. The company reported that demand continues to be strong. (Thun Hoon, 2/6/17)
Comment: Their #’s continue to wane despite the management’s continous bullish overtones for the past 12 months. Imagine if you will that this sharing economy continues to grow in leaps and bounds, what will happen to the automotive industry? No one in my team bothers to own a car these days. Granted we are all living near the mass-transit, but its a trend that is definitely one too strong to ignore.
SET has given IFEC three months to set up an investigating committee or face delisting. Former management Mr. Tawitch said he would sell IFEC if the price is above Bt6/share. IFEC management is working to resolve the issues. (Kao Hoon, 2/6/17)
Comment: Rubbish, it was only worth THB 6 if all their dreams came to fruitation, which of course never happened!
IVL closed the “Glanzstoff Group” deal to expand into auto tire business. (Kao Hoon, 2/6/17)
KTIS expects revenue to reach Bt20bn from a 29.8% YoY increase in sugar volume on top of a 28.4% YoY rise in sugar price. Earnings are also supported by three power plants, as well as cane pulp paper and packaging sales. (Thun Hoon, 2/6/17)
PTT will likely revise its 5-year investment plan (2017-2021) from the current target of Bt1.6trn. It will spread out investment in EEC via subsidiaries TOP, PTTGC, IRPC, GGC and GPSC. (Thun Hoon, 2/6/17)
RATCH will benefit from new power plant contribution. The company is also looking to make an M&A deal, which will likely be overseas. Management said the company is negotiating with a number of potential foreign partners for deals in ASEAN. It targets a portfolio of 10,000MW. (Thun Hoon, 2/6/17)
S expects this year’s performance to beat last year’s of Bt3.65bn. The company is looking to expand its business through M&A. It is optimistic on tourism demand and will go ahead with its high-end condominium construction, as well as its luxury Maldives project. (Thun Hoon, 2/6/17)
SAT received new orders worth Bt200mn and continues in talks with two other domestic clients. The company expects 2-4% revenue growth this year based on an optimistic outlook for auto and agricultural machinery demand. Earnings are expected to grow 7.17% YoY, supported by successful cost control. The company will go on a roadshow in Malaysia and Singapore to attract more foreign interest. (Thun Hoon, 2/6/17)
STEC is confident in its earnings this year with support from the highest backlog of Bt100bn to be recognized in the next 3-4 years. It will bid for dual-track train and other private projects. The company targets revenue of Bt20bn in 2017. (Thun Hoon, 2/6/17)
TFD expects 2H17 to be strong from high land sales. It expects to get EIA approval of its 840 rai land deal on June 14. The project will be ready for transfer in August-September. Major Indian, Chinese and Japanese clients have expressed interest, as have online retailers due to demand generated by EEC. The company targets sales of 200 rai this year. (Thun Hoon, 2/6/17)
U invests Bt12.3bn to close the deal on 24 hotels in 9 countries in Europe, which will support earnings in the long run. This is expected to contribute Bt4.3bn in revenue per year and 20% growth in the next four years. (Thun Hoon, 2/ 6/17)