AP plans to launch 35 new projects with a total value of Bt54.3bn to boost 2H18 operations. It reported 1H18 presales of Bt17.3bn, accounting for 52% of this year’s presales target of Bt33.5bn. It has Bt52bn backlog and will recognize Bt10.3bn this year. (Thun Hoon, 9/7/18)
BCPG targets its EBITDA to double (from Bt3.1bn in 2017) within five years, backed by more startups. It expects its output will increase to 1,000MV from 500MV currently. It is studying an investment into a renewable power plant in Asia-Pacific. (Thun Hoon, 9/7/18)
MINT expects 3Q revenue to grow consistently backed by its hotel business. It will book revenue from NH Hotel Group by the end of this year. It expects its food operations to recover in 2H18 and plans to add more outlets and find new investment opportunities. (Thun Hoon, 9/7/18)
Comment: I think the NHH deal is fantastic for MINT. They get Europe in one swoop. Yes the debt will be higher for a period of 2-3 years on the balance sheet however, look at how WHA, CPALL etc have performed post their own respective acquisitions after 1-2 years when the debt had to be “digested”
NCL plans to expand its logistics business outside Thailand’s borders and targets revenue contribution from this business to reach 50% from 30% currently. It targets 2018 revenue growth of 1020% and expects an investment opportunity in China to be finalized soon. (Thun Hoon, 9/7/18)
PF and GRAND have joined with Sumitomo Forest Tree to set up a JV, Grand River Forest, which will develop a high-end condominium on 8 rai on the banks of the Chao Praya River with a value of Bt10bn. It expects its condominium to become a new landmark on the Chalern Nakorn riverside. (Kao Hoon, 9/7/18)
PRM expects better operations in 2H18, driven by the acquisition of Big Sea shares that will add 13 vessels to its fleet. It expects to enlarge its fleet to 40 vessels by the end of this year and targets revenue growth of 10% with a better gross margin in 2018. (Thun Hoon, 9/7/18)
PSL expects 2018 revenue to be higher than last year, supported by higher BDI (Baltic Dry Index) and high season in 2H. The company believes its fleet size (at 36 vessels) is sufficient to support business growth and sees no need for fleet expansion. (Thun Hoon, 9/7/18)
SKY plans to enter into the bidding for security communications system projects, government IT projects and others in total valued at over Bt1bn. These projects will boost backlog to more than Bt2bn. Management expects stronger operations with recognition of backlog with a value of Bt500mn. (Thun Hoon, 9/7/18)
TOA says its foreign market operations grows more than 10%. It is going to build new factories in Indonesia, Myanmar and Cambodia and expects revenue contribution from abroad to increase to 20% over the next 4-5 years. It expects the domestic market to recover in 2H18 from lower pressure from higher raw material prices and marketing campaigns. (Thun Hoon, 9/7/18)
Comment: Still a great business, just waiting for the businesses throughout the region to pick up speed post their initial set up period. 
U and SIRI plan to sign a contract with the Treasury Department to rent area on the Chao Praya riverside. They plan to build a 70-room boutique hotel with a value of Bt1.2bn. (Kao Hoon, 9/7/18)
VGI is confident that 1QFY18 revenue will be strong and targets revenue growth of 15-20% to Bt4.5-4.6bn, backed by growing advertising media. Shareholders approved the purchase of 23% of Kerry shares. It will fund the purchase using Bt5.9bn proceeds from VGI-W1 conversion. It targets revenue to reach Bt10bn over the next three years. (Kao Hoon, 9/7/18

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