BAFS
BAFS reported net profit of Bt957mn in 2015. It will pay dividend of Bt0.85/share, XD on May 3. It will also pay a special dividend of Bt0.25/share, XD on 1 March 2016. It plans to expand its business to hotels, property and renewable energy. (Thun Hoon, 19/2/16)
Comment: A consistent dividend payer and with the Don Muang airport expanding it will continue to see volume growth
CK
CK expects to get a job worth Bt20bn. The company targets 2016 revenue of more than Bt30bn supported by backlog worth Bt90bn. (Khao Hoon, 19/2/16)
CPN
CPN will pay a dividend of Bt0.70/share, XD on 26 April 2016. It plans to issue a debenture worth not more than Bt10bn. (Thun Hoon, 19/2/16)
EPG
EPG is confident that revenue in 2015-2016 will reach Bt8.5-9bn, growing 25-30%. It has budgeted Bt100mn to improve its three product groups with a budget of Bt1.2bn for M&A. (Khao Hoon, 19/2/16)
Comment: The question here is how far will the cost savings and depressed commodity prices take their earnings

INTUCH
INTUCH shows net profit of Bt16bn or growth of 9% in 2015 from Bt114.7bn in 2014. It will pay a dividend of Bt2.4/share, XD on April 4. It targets revenue growth of 5% in 2016. (Thun Hoon, 19/2/16)
IVL
IVL to report earnings today. It expects profit of Bt6bn or growth of 300% from 2014. It expects to pay a dividend of Bt0.24/share. (Khao Hoon, 19/2/16)
NDR
NDR board approved a dividend of Bt0.06/share, XD on April 5. It reported net profit of Bt34mn, down 26% in 2015 due to decreasing purchasing power. It sets its revenue target at Bt1bn supported by setting up a 1 MW solar rooftop to reduce cost. (Khao Hoon, 19/2/16)
PLANB
PLANB reported profit in 2015 of Bt400mn supported by advertising business expansion. It targets revenue growth of 30% in 2016. (Khao Hoon, 19/2/16)
Comment: I still can’t believe its valuation…
PTTGC
PTTGC expects profit to continue to grow this year. The petrochemical business recovered supported by aromatics and olefins. It has budgeted US$1.5bn for investment over the next five years. (Khao Hoon, 19/2/16)
SPCG
SPCG reported net profit of Bt2.5bn, up 30%, supported by it booking revenue from 36 projects. It will pay a dividend of Bt0.81/share, XD on March 10. (Khao Hoon, 19/2/16)
Comment: Again, its the best solar operator in Thailand, they are the only ones to get everything up and running. I do wonder about their investments in Japan though. 
TOG
TOG expects three-year CAGR of no less than 10%. It has budgeted Bt800mn to expand capacity. It targets revenue growth of 15-20%, driven by revenue from Thailand and AEC. (Thun Hoon, 19/2/16)
Comment: It’s a great little business but fairly valued.
TRUE
True Move H stands to win support from six banks – Five Thai banks and one Chinese bank ICBC (Thai) – have confirmed that they will jointly provide bank guarantees to True Move H Universal Communication, the winner of auctions for two fourth-generation 900-megahertz telecom licenses for more than Bt76 billion combined. (The Nation, 18/2/16)
Comment: And we have yet to hear anything coming out of JAS….
  1. Hi Pon, Have you heard anything regarding Demco’s plans for the funds received from the eventual WEH IPO?

    Assuming it IPOs at Nusa’s buy in price, we are looking at 2.3B in additional cash swimming around on the balance sheet. They don’t seem to be very leveraged but also has a good backlog of work on hand.

    Thanks
    Xavi

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