AP targets 2018 revenue at Bt28.1bn and presales at Bt33.5bn. It is going to launch 34 projects, worth Bt49bn after making a new high for 2017 presales of Bt42.9bn. (Khao Hoon, 07/02/18)
CHEWA plans to launch new projects worth Bt3.75bn. It targets 2018 revenue to grow by 20% to Bt2.4bn. It believes the 2018 real estate outlook is good, supported by big government projects in infrastructure. (Thun Hoon, 07/02/18)
KTIS GGC is partnering with KTIS to establish a joint venture to open in Nakhon Sawas Biocomplex. It expects start construction of the first phase at the end of 2018 with construction period of two years. They plan to find a new partner to invest in phase 2. GGC says biodiesel sales volume has risen to 350,000 tons, while KTIS believes 2018 earnings growth will be higher than 2017’s. (Khao Hoon, 07/02/18)
Comment: BCP went with KSL, GCC is with KTIS
ITEL targets 2018 revenue at Bt1.4bn with current backlog at Bt2.454bn, of which Bt560mn will be booked as revenue this year. It is also going to book Bt517mn in revenue from the border internet project. It is going to bid for USO NET phase 2 for 15,732 villages worth Bt18bn, of which it expects to receive Bt2-3bn. (Khao Hoon, 07/02/18)
MK targets 2018 presales at Bt3.5bn. It plans to launch seven projects worth Bt4.72bn. It has budgeted Bt4bn for project development and plans to develop luxury condominiums and serviced apartments, targeting Thai and foreign investors with high purchasing power. It expects to close the sales of Park Court within 2019. (Thun Hoon, 07/02/18)
MM has budgeted Bt150mn to open Greyhound Café London in the UK. It says the restaurant has received good response from customers after being open for one month. It plans to open the second branch in London in 2019 and projects this restaurant will generate revenue of Bt170-200mn per year. (Khao Hoon, 07/02/18)
Comment: Still an incredibly expensive name with some rather odd transactions and deals…
PACE’s board did not approve an extension of the period for SIRI to implement due diligence for the acquisition of Nimit Langsuan and 53 rooms of Mahanakorn project. It has given SIRI three days to submit its price proposal. It also approved the sale of 87 rai of land in Hokkaido worth Bt594.95mn. It plans to use these funds to pay back short and long-term loans. (Khao Hoon, 07/02/18)
Comment: SIRI came out saying that PACE didn’t provide enough due diligence documents, fake sales?
STAR’s board approved the issuance of 135.45mn warrants and a bond worth no more than Bt500mn in order to fund three new businesses: a recycle business in Australia, media business and trading business for dual-track train. It believes 2018 earnings will turn around after selling off unprofitable business. (Khao Hoon, 07/02/18)
Comment: Wow where did this come from? How is a thai company entering into the australian market
TPOLY is going to bid for new construction projects worth approximately Bt20bn, of which it expects to receive Bt3.3-3.5bn. It is progressing on four power plant projects worth Bt3.2bn and targets 2018 revenue to grow by 10%. (Thun Hoon, 07/02/18)
Comment: That is a huge amount of project’s that they are bidding for. The issue for TPOLY are the delays from the TPCH project works, then again that is also the benefit because of the hold co value.