ANAN plans to launch three new projects worth Bt8.3bn. It targets presales of 60% of the value of the projects with a high demand outlook in BTS-attached condominiums. (Thun Hoon, 5/9/17)
Comment: I do foresee a risk for all property names within the next 5 years, the average age of the population in Thailand continues to grow and with the largest age group in the 40-50 segment as more and more of the population becomes older the demand for new properties will decline whilst supply remains the same if not decline. Until then names like ANAN and SPALI should continue to be ok
CENTEL is doing an M&A deal for a food brand in Thailand in order to expand its business. (Thun Hoon, 5/9/17)
EA says 2H17 earnings will grow stronger with revenue from selling electricity. Hanuman wind plant with 260MW will COD in 2018, bringing total power production to 664MW. (Khao Hoon, 5/9/17)
Comment: The story for EA nowadays is the potential battery technology, I’ve heard stories that they’ll have more stations in Thailand than Tesla plans to in the US…if you believe that then…hey look at that pig flying
EPG targets 2017 revenue to reach Bt10bn or +12%YoY. It expects to get high orders due to high season for the automotive industry. (Khao Hoon, 5/9/17)
Event Pop platform gets capital boost from InVent. INTOUCH Holdings, through its venture capital arm InVent, has led a Series A financing round of Event Pop Holdings Pte Ltd. According to Intouch’s filing to the Stock Exchange of Thailand yesterday, it had purchased 103,052 newly issued preferred shares from Event Pop, equivalent to around 18 per cent of the latter’s paid-up capital, on transactions value of US$1.6 million (Bt53 million). (The Natio n, 5/9/17)
MODERN plans to launch a new business line by entering into the hospital business. It will clarify its plans soon. It expects the furniture market to recover. Its current backlog is Bt2.7bn with Bt1bn in revenue expected to be booked. (T hun Hoon, 5/9/17)
Comment: I have been looking for a direct play of the expansion of hospitals in Thailand, there will be a 50% increase in the number of hospital beds in Thailand but for Modern the %age coming from the hospital industry is small….
SYNTEC targets 2017 revenue of Bt8.5bn with current backlog at Bt14bn. It is joining auctions for 22 projects worth Bt14bn. It also plans to build a serviced apartment in Sriracha worth Bt600bn. (Thun Hoon, 5/9/17)
TRC gets a new job from IRPC worth Bt492mn. The construction period is 21 months. It will sign a contract in October. It also got a new project from PTT worth Bt230mn. (Khao Hoon, 5/9/17)
UNIQ got the Lopburi – Paknampho dual-track project contract 2. It submitted the lowest bid of Bt8.649bn. The SRT will send all auction bids to its board on September 8. (Khao Hoon, 5/9/17)

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