BDMS
BDMS announced the sale of all 4.58mn of its shares in RAM to Cypress Consolidated Healthcare, F&S 79, Synphaet and VIBHA for Bt2,800 per share for a total value of Bt12.85bn. This will eliminate BDMS entire 38.24% holding, which it has held for 15 years. The deal will be completed in February. (Kao Hoon, 11/1/19)
Comment: And that will/has created a floor for their share price. I wonder how they’ll allocate this capital. And now I also wonder will VIBHA clean up its shareholding’s in all these hospitals?

DDD
DDD targets revenue growth of 20% this year as it forges ahead to expand locally and abroad. It plans to introduce eight new products this year and will rebrand OXE’CURE in 2H19. It expects sales in the Philippines to increase to Bt150mn this year. (Kao Hoon, 11/1/19)
Comment: Entirely possible.

IRPC
IRPC says BoI has granted promotional privileges to its paraxylene expansion project in Rayong valued at Bt36bn. The project will serve increasing domestic orders and expanding exports and will boost its growth. (Kao Hoon, 11/1/19)

MVP
MVP management expects revenue growth of 20-30% and an earnings turnaround this year. It is organizing many events and arranging agro-tourism trips. It targets the use of 500 EVs and 100 motorhomes for use in its business this year. (Thun Hoon, 11/1/19)

OCEAN
OCEAN signed an MoU with BCP subsidiary Bangchak Biofuel to study the possibility of producing and distributing B7-B10 and B20 biodiesel and expanding sales channels and market. (Kao Hoon, 11/1/19)

PTTGC
PTTGC set up subsidiary GCLS VN, an integrated logistics service in Vietnam. It is partnering with Silpakorn university and has signed an MoU to study and produce BioPBSTM, environmental packaging. (Kao Hoon, 11/1/19)

SEAFCO
SEAFCO was awarded the construction of Bangkok Mall valued at Bt280mn, raising backlog to Bt2.88bn. This year, it plans to bid for many projects with total value of more than Bt20bn and expects to be awarded Bt6bn of these. It expects earnings growth of 10% this year. (Thun Hoon, 11/1/19)
Comment: They keep winning projects, but the valuations are pricing in that SEAFCO own’s the market.

TAKUNI
TAKUNI has gotten construction projects. Management says current backlog is Bt2.8bn and most of this will be booked as revenue this year. It believes that after subsidiary CAZ completes its capital increase, the company will receive more jobs. (Thun Hoon, 11/1/19)

  1. Holy moly, thought DDD did a par split, but then looking at the chart down somewhat 80% from its peak. I wonder who the poor ttraders are who bought near triple figures with forward PE approaching 100x.

    Crazy times.

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