BA to service air charters between Koh Samui and major Chinese cities, which it expects will drive load factor to 70%. It plans an aviation kitchen in Chiang Mai as well as a maintenance office. It targets greater than 5% revenue growth in 2018 and is not concerned about higher oil prices since it has hedged. (Khao Hoon, 19/4/18)
Comment: The holding in BDMS and the airline support businesses are rather interesting here.
CHAYO targets buying NPLs of more than Bt5bn, bringing its portfolio to Bt34bn from Bt29bn last year. It expects revenue to grow around 10%. (Khao Hoon, 19/4/18)
Comment: JMT believes that CHAYO are paying high prices for their debt, this remains to be seen, in the end because of IFRS9 and continued provisioning by the banks there is a surplus of supply for both these two players in the market.
CHOW said D/E is expected to decline due to a plan to list a subsidiary. It plans to sell a power plant to a fund in Japan for additional 6 MW, aiming to generate returns for shareholders. It targets 2018 revenue of Bt6bn. (Khao Hoon, 19/4/18)
COM7 said iPhone sales led to outstanding earnings in 1Q18. It targets 2018 revenue growth of 15%YoY, driven by higher demand. It also plans to reach 600 shops within this year. It noted that the data leak at a mobile operator is not related to its business. (Khao Hoon, 19/4/18)
CPF invested Bt547mn to buy 40% of Camanor, a leading shrimp growing and shrimp processing business in Brazil. The deal is expected to be done within a month. It plans to expand its shrimp business, aiming for this to be a production base for exports in the future. (Khao Hoon, 19/4/18)
Comment: A drop in the bucket for a company this size.
DDD had subsidiary Dream Dermatology buy Wellgrow Med’s Oxycure brand for Bt101.53mn. (Khao Hoon, 19/4/18)
Comment: A small acquisition, but it does diversify their product range.
KTC posted 1Q18 earnings of Bt1.21bn, +65%YoY. NPL ratio decreased to 1.34%. (Khao Hoon, 19/4/18)
Comment: Purely because of a decrease in provisioning
ORI said its 1Q18 earnings are expected to reach Bt5bn. It plans to revise its sales targets after 1H18, formerly set at Bt20bn. It plans to launch 1-2 projects in 2Q18. It is also hoping to be included in the SET50 Index this year. (Thun Hoon, 19/4/18)
Thai regulator mulls penalties for True data breach. Thailand’s telecom regulator ordered True Move, the country’s second largest mobile operator, to determine the impact of a recent leak of users’ personal data and prepare to compensate those affected. (Mobile World Live and Khao Hoon, 19/4/18)