AP
AP is partnering with Mitsubishi Estate to develop four condominiums worth Bt23bn this year. It is going to launch the first project, LIFE Sukumvit 62 in March. (Khao Ho on, 11/1/18)
BH
BH’s 2018 business plan is to focus on more foreign patients. It expects to raise the proportion of revenue from foreign patients in 2018 from the current 64%. It also expects to book revenue from the renovated building, which it expects to open in 1H18. (Thun Hoon, 11/1/18)
Comment: BH shows that if you can cater to the right market, specifically medical tourism then the numbers will speak for themselves, in the end however is it worth losing the domestic client base to competitors such as BDMS? Time will tell.
BIZ
BIZ’s shareholders approved a joint venture project to establish a cancer treatment hospital with stake of 65%. It expects to open this hospital within 2019 with capacity of 30 beds. It expects this to strengthen its business fundamentals. (Thun Hoon, 11/1/18)
CHO
CHO’s shareholders approve the issue of 658,176,708 new ordinary shares divided into two parts: specific objective and general mandate. Of those allotted to a specific objective, no more than 185mn shares will be sold to Macquarie Bank Limited; the general mandate portion will be sold via a rights offering and private placement. It plans to use the funds to support business expansion. (Thun Hoon, 11/1/18)
Comment: Now this is interesting, what are the plans with the new capital? CHO does have a decent foothold in the bus market in NE Thailand.
GLAND
GLAND is negotiating to sell 49 rai of land held by its JV with BTS and expects to book extra gain in 2018. It is negotiating with local and foreign partners to enter a joint venture for the Super Tower project and expects a decision this year, with construction completed within 2022. It plans to develop condominiums and to expand the size of its RIETs. It also reports that the price of its big lot of 1.39bn shares was below than market price because it used 3Q17 book value. (Thun Hoon, 11/1/18)
Comment: Rather disappointing performance from this company despite the assets it has one hand. I wouldn’t be surprised to see constant delays in their Super Tower project, its already been pushed back from 2019 to 2022
GUNKUL
GUNKUL targets 2018 revenue to grow by at least 20% and expects to book revenue from 200MW power production. It also has backlog of Bt1.5bn for system installation, which will be booked as revenue this year. It will continue to invest in renewable energy . (Thun Hoon, 11/1/18)
LPH
LPH plans to budget Bt130mn to renovate its parking building and set up a specialized medical center. It targets 2018 revenue to grow by 15% from last year on an increase in patient numbers. It also plans to open a new building, Excellence Center, which will add 210 beds. (Thun Hoon, 11/1/18)
Comment: On a relative basis it does look “cheaper” compared to the other hospital names in Thailand
NDR
NDR says 2018 revenue will reach Bt1-1.1bn after acquiring FKRMM in Malaysia. It will to book revenue in 1Q18. It plans to budget Bt180-200mn for acquisition and investment in an automation system as the industry has recovered. (Khao Hoon, 11/1/18)
SPA
SPA says 4Q17 results will show positive growth, backed by high season and the opening of three branches. It targets 2018 revenue to grow by 25%. It plans to continue to expand domestically and overseas and to provide management service for other spas. It recently closed a deal to sell three franchises in Cambodia. (Khao Hoon, 11/1/18

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