BCPG
BCPG sold two solar farm projects in Japan with total electricity production capacity of 24.53MW to an infrastructure fund. It expects to book the Bt1.1bn proceeds immediately. It targets revenue growth of 15- 50% this year. It continues to set up power plants as planned and studying new investment in power plant projects. (Thun Hoon, 2/10/18)
Comment: Well that’s an interesting development over at BCPG. should that be the case that infrastructure funds are willing to buy these renewable assets in Japan, there could be further exit opportunities for other Thai solar players in Japan
BGRIM
BGRIM reported commercial operation of 133MW Amata BGRIM power (Rayong) 5, bringing its total electricity production capacity to 2,045MW. It is establishing a subsidiary in Malaysia to support expansion. (Kao Hoon, 2/10/18)
EA
EA expects 3Q18 results to be good, supported by strong wind and running at full capacity. It expects 4Q18 results to grow. The end of the rainy season and the beginning of cooler weather will raise electricity production in 4Q18. It is confident that revenue and earnings will be a record high this year. (Kao Hoon, 2/10/18)
Comment: And so where is this battery plant? If nothing happens it could set up to be a good short….then again of course if it works out then it could go through the roof.
IVL
IVL subsidiary, Glanztoff, acquired Schoeller Group, the manufacturer of wool and wool products in Europe, topping up its HVA (High Value Added) business. The deal is expected to complete in 2H18. (Kao Hoon, 2/10/18)
KWM
KWM rose 19.23% in the first trading day, responding to its strong fundamentals. Management targets revenue growth of 20-30%. It launched a new product ‘”Boron disc” (agricultural equipment), targeting a new customer group. (Kao Hoon, 2/10/18)
PTTEP
PTTEP announced its new CEO, Pongsathorn Thaweesin. He has a vision of leading PTTEP to sustainable growth. He hopes to win the bidding for Bongkot and Erawan gas fields and plans to invest in a full stream of natural gas business in Myanmar. He also plans to invest in the power plant business, adding value. (Kao Hoon, 2/10/18)
Comment: Well they have to win bongkot…if not there’s no reason for PTTEP to exist..
SPALI
SPALI says Supalai Veranda Ramkhamhaeng project had presales of Bt3.7bn out of total project value of Bt6bn. It opened bookings on Sep 28-30 and online bookings on Sep 18. (Kao Hoon, 2/10/18)
Comment: It’s just incredible that this firm can continue to do so well.
STPI
STPI expects earnings to turn around next year after hitting nadir. It is bidding for new projects and expanding into business that provides recurring income. It is looking for investment both at home and abroad. It hopes to win its lawsuit in Australia and book an extra gain of Bt1.2bn. (Thun Hoon, 2/10/18)
WHAUP
WHAUP expects 3Q18 performance to be good, backed by revenue from power plants with total electricity production capacity of 540MW. It targets revenue growth of 10-15% this year, supported by expanding water and electricity demand. Its Eastern Seaboard 2 gas retail project is expected to start operations by the end of this year. (Thun Hoon, 2/10/18)

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