AOT

NESDC, formerly known as NESDB, opposes to AOT’s plan to build Terminal 2, asking AOT to stick to 2003 Master Plan by building 3rd runway and extensions to East/West passenger terminals.

Comment: Who knows who’s right here.

BDMS/BA

BDMS’s founder, Prasert Prasarttong-Osoth, paid Bt500m to settle stock manipulation cases.

Comment: Short term thinking never works

CI

CI’s hi-end SDH projects, Issara Residence Rama9, 20 units starts Bt100m, 60% sold, sees no impact on new LTV measures, sees healthy market from low competition in ultra-luxury segment.

Comment: A small number of units and most likely sold to friends

CHG

CHG sees meaningful turnaround this year from full year contribution of 2 hospitals and strong utilization of IPD unit above 70%, sets Bt300m budget to expand cancer center, firms on 15% revenue growth target.

CPN/ANAN/DTC

CPN sold 5% stake in DTC @ Bt12/share to ANAN, may book Bt42.5m gain in 1Q19. CPN still holds 17.58% in DTC post sales.

Comment: Positive for DTC as it widens the shareholder base.

ECL

ECL sees healthy demand for hire purchase in small car segment, maintain prudent approach on credit screening, mulls to curb NPL below 3.5%, target Bt4.2b new loans this year.

GFPT

GFPT target 8% revenue growth driven by higher poultry selling price yoy and exports sales to China, sets Bt1.5b 3 years capex to revamp processing unit and up capacity.

GOLD

GOLD anticipates 1Q turnaround after hit by SG&A on new projects launched, target new launch 28 projects worth Bt33b, eyes Bt31.4b sales, Bt19.8b revenue target.

Comment: Out of all of the property developers we were surprised to see this one decline in line with the rest of the industry given that the majority of their projects and low-rises where the demand is considered to be “real” as opposed to condominiums where the market typically believes that buyers are speculating.

PTTEP

PTTEP expects to wrap up 2mtpa LNG sales contract in February.

SPRC

SPRC announced planned shutdown in November, capacity upgrade 10k bbl per day to complete before year end, expects energy bottom out this year.

TMB/TCAP

Major shareholders of TMB and Tbank are expected to sign a MOU soon, inching towards a merger. Market’s keeping close eyes on swap ratio, but Tabloid said TMB will be valued at Bt3.5 or 1.5X BV.

Comment: Still have my doubts

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