AOT reports 54mn passengers in the past five months, up 6.8%. It reported flights of 344,000, up 6.4%. (Kao Hoon, 28/03/17)
Comment: What tourism slowdown?
CHEWA targets 2017 revenue of Bt2bn aided by Bt2.34bn backlog, of which 50% is expected to be booked this year. It expects 2017 net margin to hit 8-9%. It expects three projects worth Bt3.2bn to be transferred. (Kao Hoon, 28/03/17)
ECF expects to complete a deal for biomass power plants with IFEC within 1-2 months after made a deposit of Bt50mn. It plans to postpone the debt payment schedule for IFEC, originally due Mar 26. (Kao Hoon, 28/03/17)
GOLD got Bt2.24bn presales from its Golden Town brand (three projects in three locations), valued at Bt2.75bn. It plans to launch two TH projects worth Bt2.3bn in 2Q17. (Kao Hoon, 28/03/17)
Comment: I don’t expect to see anything staggering from GOLD for a long time. They themselves admit that there’s a limit to market growth
J targets 2017 revenue growth of 30% on the back of more leasable area. It is budgeting Bt30mn to expand IT Junction to eight branches. It plans to launch a Bt400mn condo to boost revenue. (Thun Hoon, 28/03/17)
Comment: When you don’t know what to do with your land, build a condo!
MALEE expects 1Q17 performance to be good and expects to mark a record high this year. It targets 2017 revenue growth of 10-15%. It also plans to launch new products to increase sales both at home and abroad. It is looking for a partner. It is budgeting Bt500mn for equipment improvement in order to handle bigger orders. (Thun Hoon, 28/03/17)
Comment: Could this be a dark horse performer over the coming years?
PRIN targets 2017 revenue to reach Bt3.2bn, up 5%, on the back of work on hand. It plans to launch four projects, worth Bt1.8bn, two TH and two condo. It expects 1Q17 performance to be good after it launched Zelle Salaya. (Thun Hoon, 28/03/17)
PSH plans to launch Plum Condo Chaengwatta station phase 3, valued at Bt1.94bn on Apr 1 after phase 2 almost sold out. (Kao Hoon, 28/03/17)
Comment: Greenfield hospitals is what PSH is looking at expanding into.
SINGER expects 1H17 performance to be good on seasonality. It plans to launch new products to broaden its customer base. It plans to focus on the high-purchase business. It expects performance to come back up from higher margin and interest income. (Thun Hoon, 28/03/17)
TMILL expects 2017 revenue and net profit to grow 10% brought by high demand for flour. It expects utilization rate to reach 75% this year given its many orders. It is budgeting Bt6mn to buy rolling stock and for R&D. (Kao Hoon, 28/03/17)
TNP plans to open two stores in Payao. It expects to open four stores in 2017. It is budgeting Bt60mn for investment. It expects 2016 revenue to grow 10-15%. It plans to operate its DC at the end of April. (Kao Hoon, 28/03/17)
Comment: Well they had better do far more if they want to justify their current valuation
TPBI targets HVA products to comprise 25% in response to high demand. It is budgeting Bt70mn to increase capacity by 2,500ton/year, with completion expected in 2H17. It expects this to boost revenue by 5-10%. (Kao Hoon, 28/03/17)
TBSP plans to expand to 20 countries in 2017. It expects this to increase exports to comprise 12%. It is budgeting Bt200mn for na additional production line. It recently established company in Myanmar to engage in printing for counterfeit protection business. (Kao Hoon, 28/03/17)