BCPG expects 2Q17 to be stronger QoQ backed by contribution from the new power plant. The company targets 25% revenue growth from Bt3.38bn in 2016. It will bid for more PPA in the new lot of government waste power plant bids. It expects 30-40 MW. (Thun Hoon, 16/6/17)
BEAUTY is targeting small sized items for sale at 1,100 branches of 7-Eleven. The company aims to reach every store in the country and eyes on China as its next step. Management expects 2H17 to be strong from high seasonal demand. (Thun Hoon, 16/6/17)
Comment: A new distribution channel would be supportive for their sales, but who takes on the inventory risk here? A quick walk around the malls in Bangkok showed that whenever there is a sale for cosmetic products there are a flood of people
CSP reports being approached by potential partners. Management expects 2H17 to be strong on the back of the government’s projects stimulating auto demand. The company targets 15% revenue growth YoY. (Thun Hoon, 16/6/17)
DRT targets 5% growth this year. Rainy season creates high demand and roofing products are expected to make a 50% contribution to revenue this year. The company is confident the skills and expertise of its personnel give it an edge over competitors . (Thun Hoon, 16/6/17)
EARTH reported to SEC that financial institutions have frozen its line of credit and all accounts, which has cut off its liquidity and made it unable to pay off its B/E. The SET will suspend trade on EARTH until further details on whether the default will hurt its business or not. ONE Asset has asked EARTH to explain further. (Kao Hoon, 16/6/17)
Comment: A shame for those minority shareholders stuck in this name…
JSP issued a Bt1.2bn debenture with 1-year maturity and 6% interest rate for institutions and major investors to raise funds for further business expansion and new project construction. The debenture will be open for booking 15-16 and 19-20 June 2017. (Thun Hoon, 16/6/17)
PLE expects a recovery with the recognition of Bt7-8bn of its total Bt13bn of backlog. This is expected to boost revenue growth to 20% YoY. It is also expecting to get at least one double-track train contract from the 13 contracts for five lines. (Thun Hoon, 16/6/17)
RS launched its new instant coffee business line, which will help it meet its target revenue of Bt1.2bn for its health and beauty segment. (Thun Hoon, 16/6/17)
Comment: Seriously right? A TV company doing instant coffee
SCN is looking to expand its presence in Indonesia. The company will start off by selling gas tanks there first. This will start end of this year or 2018. Management says the margin from this business is 200-300 times that of its usual business. The company is also expanding its NGV stations to 20, which will support revenue growth of 40% YoY. (Thun Hoon, 16/6/17)
Comment: I don’t believe that SCN can make a dent in Indonesia, name me one thai group (other than CP) that has been successful there?
SST is in talks to acquire 1-2 businesses overseas. The company expects high growth from the food business after successfully listing MM. It also expects a turnaround in 2Q17. (Thun Hoon, 16/6/17)
TFG will issue a Bt1.5bn in debenture for business expansion and debt repayment. TRIS rated the company “BBB-“. The company targets 20% growth with more plans for expansion. (Thun Hoon, 16/6/17)
Comment: No BE? Is this market dead now?
THAI expects 2Q17 to be strong despite being the low season, with a cabin factor over 80%. The company reported that plans for transition with Thai Smile flights will finalize in August and help Thai Smile turn around. As for NOK, the company is still waiting to see NOK’s recovery plans from the board. (Thun Hoon, 16/6/17)
TSE will increase equity by Bt544.5mn to invest in fully integrated renewable energy projects. (Thun Hoon, 16/6/17)
TVT expects 2017 earnings to remain in the black despite the 1Q17 loss of Bt2.38mn, thanks to contribution from its JV. The company expects 40-50% growth from its online business in 2018. (Thun Hoon, 16/6/17)
UNIQ expects to get a major project in 2H17 from the bids for electric train projects, doubletrack projects, Suvarnabhumi Airport, and motorway, which will add to its existing Bt30bn backlog and maintain its Top 4 status. It expects 10% revenue growth this year to Bt14bn. (Thun Hoon, 16/6/17)
VIBHA expects a strong 2Q17 performance after investing in seven hospitals with target of 10% revenue growth YoY. The company is looking to make further acquisitions to boost long term growth. (Thun Hoon, 16/6/17)
Comment: The shift in their assets is rather confusing at times. It does look like they have gotten rid of the hospitals that were negatively contributing to their bottom line.
VPO is studying 2-3 new business lines to diversify risks and create sustainable growth. It expects a strong 2H17 performance with contribution from the 8.4 MW plant and higher palm oil and palm kernel oil price, as well as robust demand from economic recovery. (Thun Hoon, 16/6/17)