BAY
BAY doubles capacity for mobile banking transactions. Bank of Ayudhya (BAY), the country’s fifthlargest commercial bank by assets, has doubled its mobile banking transaction capacity to keep pace with booming online volume and to comply with Thai Bankers’ Association (TBA) measures to prevent a future system crash. (Bangkok Post, 29/10/18)
COM7
COM7 expects 4Q18 results to be outstanding supported by high season and introduction of three new iPhones: iPhone XS, iPhone XS Max and iPhone XR. It expects revenue growth of more than 20% this year. (Kao Hoon, 29/10/18)
Comment: Apple’s #’s have come out so-so is this easy trade over? (the buy pre iphone sales, sale post iphone sales)
CPN
CPN expects 4Q18 results to be year’s peak. It expects revenue growth of 20% this year supported by expansion of rental area. It plans to open “Central I City” in Malaysia to add a new revenue channel. As for the GLAND tender offer, it expects the deal will be completed at the beginning of next year. (Thun Hoon, 29/10/18)
Comment: And I have rumours telling me that they will launch a mall in Vietnam next year
DOD
DOD starts a TV shopping channel in China. It is preparing to sign an MOU with the Chinese Science Council and plans to distribute ten products on CCTV in November. These sales will be booked as revenue in 4Q18 and boost next year’s revenue growth. (Kao Hoon, 29/10/18)
DTAC
DTAC wins 900MHz license auction. Total Access Communication (DTAC) subsidiary DTAC TriNet has won an uncontested auction for a 900-megahertz license for Bt38.06bn. (Bangkok Post, 27/10/18)
GUNKUL
GUNKUL announced it is stopping its stock buyback program at Bt304.67mn with total shares purchased at 99.04mn shares, 1.34% of total shares. It continues to invest in power plant projects. It expects revenue growth of 30% this year and PPA (Power Purchase Agreement) will reach 1,000MW in 2021. (Kao Hoon, 29/10/18)
Comment: Hmmmm….I do wonder why they have stopped? The share price hasn’t recovered, so…what? More plants to invest in?
III
III expects revenue growth from air freight after AirAsiaX adds a new route. It expects 4Q18 results to be the year’s peak, supported by high season for the logistics business. It will fully book revenue from Thai Post in 4Q18. Management targets revenue growth of 15-20% this year and will present next year’s business plan to the board in November. (Thun Hoon, 29/10/18)
KTB
KTB’s board approved KTC to do Pico and Nano finance and then will ask BoT approval in November. MD says he fully supports this business. The Finance Ministry expects BoT to issue a license within one month. KTC expects earnings of Bt5bn this year. It will do a roadshow in Australia after a good response in Hong Kong. Many investors are interested in its new business. (Kao Hoon, 29/10/18)
Comment: I would love being a customer of KTB…easy funding…don’t need to pay it back…
PTT
PTT’s CEO will negotiate with the Energy Ministry about a Bt3/liter oil price subsidy for motorcycle taxis for a total subsidy of Bt18mn/month. He says this measure must be passed to the board. The Energy Ministry has ordered PTT to begin the subsidy in November and then it will have the oil fund subsidize Bt2/liter. (Kao Hoon, 29/10/18)
QH
QH opened Gusto Petchakasem 69-Kanchanapisek premium townhome for presales on October 27-28 with discounts of up to Bt400K. The project value is Bt900mn. (Kao Hoon, 29/10/18)
TKN
TKN says share price fell because are investors worried about its sales from China. It explained that the China market contributes just 24% of total revenue, not 40%. It will focus more on the domestic market to reduce dependency on Chinese market. It maintains its revenue growth target of 15% and a decline in material cost will widen its margin in 2H18. (Thun Hoon, 29/10/18)
Comment: Well they did have a great boom from the chinese tourists, it’s not a bust today, it’s investors that expected for the continued boom to continue. 

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