BANPU – BPP
Court closes book on Banpu dispute. Miner will pay B2.7bn to jilted plant partner. The Supreme Court brought a decade long dispute to a close yesterday, ordering Banpu Plc to pay 2.7 billion baht to Siva Nganthavee over activities that negatively affected Thai-Lao Lignite Co’s (TLL’s) involvement in the Lignite Hongsa coalfired power plant project in Laos. (Bangkok Post, 7/3/18)
Comment: And so voila, guilty as charged despite everything they said, impact to the stock? meh…coal prices have done well this year.

BIZ
BIZ just signed a contract for medical equipment with a hospital in Korat for LINAC products. The contract is valued at Bt129mn, lifting its backlog to Bt1.58bn. (Thun Hoon, 7/3/18)

CENTEL
CENTEL plans to acquire hotels and restaurants in Thailand and abroad with an investment budget of Bt3.18bn, with an eye to increasing revenue growth. It expects an occupancy rate of 81-82%. It plans to expand its food outlets from 889 to 900. (Thun Hoon, 7/3/18)
Comment: Could this be the period where SSSG for the F&B outlets will actually be positive? In the past anything the CENTEL touched effectively worsened, or is the group still going to be focused purely upon buying growth?

CK-STEC
CK-STEC JV relieved regarding NGV dispute case. The court ruled on Feb 28 that Bestrin Group needs to move 84 NGC buses from the Orange Line construction area within three days. The group just sent a proposal to move the buses, reports the SRT. (Khao Hoon, 7/3/18)

ECF
ECF plans to reach its revenue target of Bt2bn within three years. It plans to use Bt500-600mn to expand its furniture and energy businesses. (Khao Hoon, 7/3/18)

GGC
GGC expects 2018 revenue to grow by 10%, led by startup of methyl ester factory phase 2 in 3Q18. This will boost selling quantity by 10%. It plans to invest Bt2.3bn to expand business. (Khao Hoon, 7/3/18)

GULF
GULF targets revenue of Bt140bn within 2025, led by booking electricity of 11126MW. It has a sixyear investment budget of Bt120bn. It targets 2018 revenue to grow Bt20bn, led by more COD of 500 MW and finishing a deal in Vietnam. (Khao Hoon, 7/3/18)
Comment: Just a beast of a company, but don’t expect to see them winning anything new in Thailand, then again given this size it isn’t necessary

TICON
TICON targets 2018 revenue growth of 15%. It plans to invest Bt10bn in 2018-2020 to raise revenue to Bt5bn. (Khao Hoon, 7/3/18)

WHA
WHA said 1Q18 earnings will be impressive, led by land sales to Chinese and European investors. There are 300 rai of land waiting to be signed. It plans to ask stakeholders for approval for the issue of a Bt7bn bond in order to expand business. (Thun Hoon, 7/3/18)
Comment: And yet the price has declined from its lofty levels, it is going to be years before this EEC pays off for the industrial estate developers in terms of land sales.

  1. on another note looks like CHO isn’t gonna purchase the Bestlin buses, seems like these 2 firms have some bad blood. Looks like Bestlin is taking a massive bath on this NGV contract.

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