BA
BA believes that VISA fee exemption will not be very effective, as it is just a short-term stimulus and the process is convoluted. It recommends the government exempt visas altogether, which will encourage tourists to make decisions more rapidly. It is negotiating with a European company to jointly bid for Suvarnabhumi’s duty free space. It plans to buy 24 aircraft over the next six years. It is confident that it will make a profit this year. (Kao Hoon, 20/11/18)
Comment: And I agree with BA that this won’t be effective. I am curious to see how the duty free bidding is going to play out.
BGC
BGC expects 4Q18 earnings to recover backed by new orders and additional production capacity of 400 tons/day. It expects the Thai economy to slow next year, so it plans to increase exports. (Kao Hoon, 20/11/18)
CMC
CMC highlights its fundamental solidity. This year’s revenue target is Bt2bn and it has set a target of Bt3bn in revenue for next year. It plans to launch ten property projects with total value of Bt10bn over the next three years. It confirmed that the Pattayana family, the major shareholders, and funds did not sell shares yesterday, the first day of trading. (Kao Hoon, 20/11/18)
JKN
JKN targets revenue growth of 20% supported by soap opera popularity in India and the Philippines. It says many entities in 30 countries are interested in purchasing the rights to screen the movie Nakhee 2. It will have a booth at the Asia TV Forum at Singapore. It expects to complete deals with some customers this year. (Kao Hoon, 20/11/18)
Comment: Apparently things are firing on all cylinders
MAJOR
MAJOR targets revenue growth of 10-15% next year. It has budgeted Bt700-800mn to add 74 screens at home and abroad and expects to reach screens in 2020. It expects revenue to grow by 5-10% and reach Bt10bn this year. It expects 4Q18 results to be good because many good movies are due to be released in 4Q18. (Thun Hoon, 20/11/18)
Comment: Surprised by their weaker performance in 2Q and 3Q18
ORI
Arada Jaroon-ek, major shareholder and Peerapong’s wife, has budgeted Bt42.37mn to buy 6.5mn ORI shares at Bt6.40-6.75/share in order to generate investor confidence. ORI share price rose by 8.59% and closed at Bt6.95 yesterday. (Kao Hoon, 20/11/18)
PTTEP
PTTEP maintains its target oil sales volume at 310k barrels/day. It expects EBITDA margin of 70- 75% and it will keep cost at US$31/barrel. It is studying to acquire oil fields in Myanmar and Malaysia. The results of the auction for the Bongkot and Erawan gas fields will be announced at the end of December. It expects to be awarded the bids as it will benefit the government. (Thun Hoon, 20/11/18)
Comment: Perhaps the only thing keeping PTTEP’s share price up.
RS
RS expects growth in all businesses. Its CEO says fourth quarter is the high season for multipleplatform commerce (MPC). Ratings for Channel 8 hare rising, which will support an ad rate hike. Revenue from Cool Fahrenheit radio station is growing on event organization. (Kao Hoon, 20/11/18)
Comment: Hmmmm…….lets see what happens but I doubt it. The tele sales game has peaked for RS in my viewpoint. 

SPALI
SPALI is preparing to develop property projects in Chonburi. It will launch Supalai Primo Pattaya project worth Bt395mn. This will open for bookings on Nov 24-25 with attractive promotions. (Thun Hoon, 20/11/18)
SSP
SSP expects electricity production capacity to reach 90MW at the end of this year. It targets revenue growth of 10-15% from Bt877.11mn last year supported by the commercial startup of more projects. It is negotiating with 2-3 companies to invest in power technology. The conclusion will be known next year. (Thun Hoon, 20/11/18)
WHA
WHA expects revenue growth of no less than 20% this year. 4Q18 is its high season. It plans to launch its tenth industrial estate and it will sell land to big customers in December. (Kao Hoon, 20/11/18)
Comment: The growth is from…what? Land sales are nothing. 

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