BCPG
BPCG expects to book extra gain of Bt3.185bn from the sale of two power plants to a mutual fund in Japan. It has budgeted Bt10bn and is working with a foreign partner to set up a 100MW power plant. The decision will be known in 2H18. It expects 2018 revenue growth of 15-20%. (Thun Hoon, 23/8/18)
DDD
DDD expands to the Philippines and has hired Kris Aquino, who is well known in Philippine media, as its presenter. It expects to increase its market share for skin care products in five years (Thun Hoon, 23/8/18)
Comment: They’ve chosen the right partners in the Philippines. It’ll be interesting to see how their products translate into a new market
GPSC
GPSC changes GLOW tender offer price to Bt94.89 (from Bt96.5) after GLOW announced a dividend of Bt1.608 per share. It has budgeted Bt141bn for the tender offer and the deal will go to the shareholders for a vote tomorrow. If the tender offer is approved, its electric capacity will increase to 4,835MW, the third biggest in Thailand. It expects to operate commercial three power plants with total capacity of 339MW next year. (Kao Hoon, 23/8/18)
Comment: Still an odd transaction, but a great exit for GLOW shareholders
PRM
PRM starts shipping liquid petrochemical products. It purchased a 3,500 DWT vessel from Korea and will begin using this in late 3Q18 to serve this purpose. The shipping of liquid petrochemical product is  expected to contribute 10-15% of the revenue of its small cargo ship business. (Kao Hoon, 23/8/18)
Comment: A stair ladder type of business. It will grow whenever they expand capacity and fill it, but they are subjected to rate changes 
PTT
PTT plans to list its coal business in Indonesia’s stock market and will ask for board approval this year. Next year it plans to get into the high-speed rail link to three airports project. It maintains its fiveyear investment budget at Bt250bn. It expects 2018 results to be flat YoY and estimates this year’s average oil price at US$67-74/bbl. (Thun Hoon, 23/8/18)
Comment: This will be an interesting read when its public
PTTEP
PTTEP plans to acquire businesses with a focus on Southeast Asia and the Middle East region with a total budget of US$3.4bn. (Kao Hoon, 23/8/18)
PTTGC
PTTGC expects 2H18 results to be flat HoH as it has to close its olefins plant for maintenance and repair, but it will still run all production units at full capacity. It has budgeted US$800mn to expand its business. The petrochemical complex investment in US will be concluded in early 2019. (Kao Hoon, 23/8/18)
SGF
SGF expects to clear accumulated loss this year after its good growth in 1Q18-2Q18. Management expects 2H18 results to be better HoH, supported by growth in personal loans. It expects to provide more than Bt1bn in loans this year. (Thun Hoon, 23/8/18)
TOP
TOP expects to book oil inventory gain and estimates oil price at US$75-80/bbl in 3Q18. It expects 2018 results to be better YoY. It estimates average GRM at US$5-6/bbl this year. It expects CFP refinery to raise its GRM and EBITDA to US$500-600mn each year. (Thun Hoon, 23/8/18)
Comment: The Commodities game is something I’ve never been good at predicting, but the continued high lvls in the GRM may led to TOP continually offering good returns
UREKA
UREKA targets revenue growth of more than 40% this year. It is bidding for projects with total value of Bt700mn. The outcome will be known in 2H18. It hopes to widen its gross margin to 30-35% on effective cost controls and sells its products directly to foreign customers. (Kao Hoon, 23/8/18)
UTP
UTP is setting up a warehouse with a budget of Bt60mn and expects to complete it this year. The new warehouse will increase capacity by 10k tons. It expects 2018 revenue of no less than Bt3.5bn, +35.28%YoY, supported by growth of paper packaging demand. (Thun Hoon, 23/8/18)

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