BDMS reports 3Q17 earnings of Bt2.2bn, down 4.6% YoY. It expects 4Q17 will recover in tandem with high season, which will increase the number of both international and domestic patients. (Khao Hoon, 31/10/17)
Comment: Not quite accurate given that the company hasn’t announced earnings yet.
EPCO says 3Q17 earnings were good, supported by growth in electricity and printing business. It is going to list “EP” in the market and plans to submit the filing in 2017, in order gain funds to support power plant investment both domestics and overseas . (Khao Hoon, 31/10/17)
AOT’s board approved ILINK to handle the Bt2.99bn APM system at Suvarnabhumi; the contract is expected to be signed within two weeks. AOT said this is a better option than opening for a second round of bidding even though the price is 3% higher than the mid-price, as a second round of bidding might delay phase 2 by seven months. (Khao Hoon, 31/10/17)
Comment: Just when people thought that ILINK was out of the game they win a project
MPG expects 2017 sales to grow by 150% from last year as it has added more selling channels and changed its product mix and strategy. Its CloudA cosmetics brand also received Best Perfecting Powder and Best Palette Eyeshadow awards. (Thun Hoon, 31/10/17)
Comment: How many more cosmetic companies are there going to be in thailand?
PM is going to negotiate with an entity to be its overseas distributor in 2018, as it plans to raise revenue proportion from overseas to 10% of total sales. It also says that tuna orders have recovered after receiving more OEM orders from premium customers, which will support earnings until next year. It will also consider a new investment project to strengthen its business fundamentals. (Thun Hoon, 31/10/17)
Comment: Everything looks priced in for this and more !
RCL signed a new contract to construct two new ships worth US$39.2mn or Bt1.3bn to replace its old fleet and raise servicing potential. These ships will be received in 2019 and are being financed by working capital and loans. (Thun Hoon, 31/10/17)
SIRI partnered with BCPG to install solar cells in SIRI’s residential projects, as it hopes to encourage residents to produce and use electricity from green energy. (Thun Hoon, 31/10/17)
Comment: More positive for BCPG than it would be for SIRI.
TFD’s Bt2.1bn loan was approved by BBL. This will be used on to develop 841 rai in TFD 2 industrial estate after EIA was granted. It believes land sales will further increase stimulated by EEC and transfers will also increase in 4Q17 after signing an MOU with a Taiwanese businessman. It is also going to book revenue from “The Harbor View Residences”, worth Bt1.6bn in 2Q19. (Thun Hoon, 31/10/17)
TFG is benefitting from the uptrend of broiler price, which will support revenue to grow by at least 20% as targeted. It estimates broiler exports at 32,000 tons and plans to increase slaughterhouse production capacity to 50,000 tons per day. (Thun Hoon, 31/10/17)
Comment: My viewpoint is to wait for the next downturn before touching any chicken name again.
TTCL plans to bid for a new project in Vietnam worth Bt13bn and to list its subsidiary “Toya Thai Power Holding Pte. Ltd”. It will use the funds to expand its energy business. (Thun Hoon, 31/10/17)
Comment: That’s a Singapore entity. Listed in thailand? Would be a second listing where all the assets are overseas. The first was Amata vietnam.