BCP
BCP to divest its indirect investment in Galoc oil field in the Philippines for Bt660mn and continue to expand its E&P investment in Norway with the expectation of concluding the deal by 4Q18. (Kao Hoon, 16/7/18)
BGRIM
BGRIM expects to start commercial operation of an additional 180 MW in 2H18. The company is working on an M&A deal with the expectation of adding 60MW capacity from a solar farm in 3Q18. Management targets total capacity of 5,000 MW in 5 years. (Thun Hoon, 16/7/18)
Comment: Just an amazing company, visible growth for the next few years…
BKD
BKD will record new high order backlog of Bt2bn and plans to bid for more government projects with total value of Bt900mn. It may be awarded the two “U” hotels refurbishing projects with total value of Bt1bn. It says it will book revenue from water supply business in 3Q18. (Kao Hoon, 16/7/18)
CHAYO
CHAYO will expand its loan business in 4Q18 with the expectation of loan volume of no less than Bt100mn in 2018. According to management, the company is negotiating with seven financial institutions to buy NPLs with total value of Bt10bn. It plans to issue debentures; proceeds will be used to buy more debt. (Thun Hoon, 16/7/18)
CPF
CPF reports that subsidiaries CPP and CTEI had operational improvements. 2Q18 earnings are likely to be above Bt5.0bn, backed by a recovery in swine price in Vietnam. Broiler exports to China are expected to have grown well. (Kao Hoon, 16/7/18)
Comment: And yet the stock price is still languishing
CPN
CPN says it is joining the high-speed airport link auction because it plans to develop land in Makkasan. Management has been in talks with several potential partners but has reached no conclusion yet. (Kao Hoon, 16/7/18)
Comment: There are some strange names in this bidding such as CPN
CRD
CRD signed contracts for two projects valued at Bt454.4mn and it has Bt1bn more backlog in the pipeline. It is studying a foreign investment. Managements says there are many projects from private and government to bid in 2H18. (Thun Hoon, 16/7/18)
PLANB
PLANB targets to add 60-70 digital billboards this year and expects media utilization rate of 70%. It has unrecognized revenue of Bt2.7bn and expects yearly revenue of Bt3bn. It is finding to acquire more businesses. (Thun Hoon, 16/7/18)
UTP
UTP says orders have increased to 20,000 tons/month. It currently runs at 80-90% utilization. Its expects 2018 revenue of Bt3-3.5bn (Thun Hoon, 16/7/18)

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