BANPU stands to benefit from climbing coal price. Management expects revenue to grow 20% in 2017. Power business is also doing well both domestically and overseas. It is also looking to add another 1,000 MW to BLCP in order to support EEC. (Thun Hoon, 26/06/2017)
Comment: What climbing coal price?
CNT received new work worth Bt6bn on top of the existing Bt9bn backlog. The company is looking to partner up for bidding on private and public projects. It targets Bt12bn in new projects this year and revenue growth of 15% this year. It is looking to expand its business to Myanmar and Cambodia. (Thun Hoon, 26/06/2017)
EA expects 2Q17 to be strong due to high season for the solar business. The company will receive an additional 45 MW in wind power which will start up in June. This is put total capacity to 404 MW. The company is going ahead with a 260 MW in Chaiyaphum province worth Bt2bn. The project is expected to COD in 2018. The company will finalize its partner for the battery project and location within this year. (Thun Hoon, 26/06/2017)
Comment: This battery project has driven the share price of EA in the past few months, even I’m curious about it, because the biggest issue with renewable energy has been the storage of excess power generated.
GL reported that its Singaporean client will increase its collateral to 148% of remaining loan. Management is looking to make more acquisitions in order to expand its business base. It expects 2Q17 performance to be strong supported by special dividend from GLH worth Bt346mn. Other businesses in Indonesia, Myanmar, Cambodia, Thailand, and Sri Lanka are also doing well. (Thun Hoon, 26/06/2017)
Comment: Still as expected despite all the continued negative reporting from KaoHoon, I’ve never seen that paper go after a company as they have here
GPSC expects 2017 to see growth for the third year in a row. It will start up 6 new projects by 2019. (Thun Hoon, 26/06/2017)
ILINK and INET will compete for the Mobile Signal and High Speed Internet for 3,920 Villages project worth Bt13.6bn. ITEL will also participate in the project. There is also a Bt7.2bn project for the power line grounding. ILINK expects revenue to grow 20% this year. INET, a leader in cloud solution and internet, expects revenue to grow 30% in 2017. (Thun Hoon, 26/06/2017)
Comment: After the loss/postponement of the AOT project this has brought back a smile to the faces of ILINK shareholders
JWD is benefiting from the recovery in export demand. Management expects 2H17 to be strong. The company is adjusting its strategy to focus more on the Less Container Load Freight Consolidation (LCL) after receiving positive feedback from clients. The company expects its cold storage warehouse business to breakeven by end of this year. (Thun Hoon, 26/06/2017)
KTIS expects 2Q17 to grow YoY from strong demand and higher oil price. It expects 2017 revenue of Bt1.5bn. Biomass power plant performance is also supporting earnings. Its Liquid Sucrose project is also going ahead. (Thun Hoon, 26/06/2017)
NOK expects to finish its recovery plan by 3Q17 before considering its second round of equity increase. The company reported many interested parties. 2H17 will launch 5 new flights to China. It expects load factor of over 83%. (Thun Hoon, 26/06/2017)
Comment: Well, no.
PTT will JV with PTTEP in a new company, PTT Global LNG Ltd., for investment in LNG Value Chain. (Thun Hoon, 26/06/2017)
TLUXE expects an earnings turnaround in 2Q17 supported by the startup of a geothermal power plant. The company is looking to acquire another overseas power plant. Animal feed business is also doing well after increasing capacity and adding new products. It expects revenue to reach Bt2.24bn this year. (Thun Hoon, 26/06/2017)
Comment: What magical sorcery is this? A pet food company that somehow has 3 geothermal plants up and running with another 10 to come?