BEAUTY posted 2Q17 earnings of Bt273mn, +97%YoY. This gave 1H17 earnings growth of 76.50%, reaching Bt472.84mn. It will pay a dividend of Bt0.15 per share. XD is August 23. It plans to expand both at home and abroad. (Khao Hoon, 15/8/17)
Comment: I’ve always been wrong with this company, despite my best efforts (short of becoming an end user of their products) to figure out the cosmetic industry and Beauty. Hats off to them.
BEM posted 2Q17 earnings of Bt723mn, +43.2%YoY, driven by revenue from Srirath expressway and the Purple Line. The 1H17 earnings were at Bt1.42bn. (Thun Hoon, 15/8/17)
Comment: I still think that this company is the best infra play in Thailand today.
COM7 revised up its 2017 revenue target growth to 15% or Bt20bn from 10% since 1H17 revenue grew 25%YoY to Bt9.8bn and 2H17 is its high season. (Khao Hoon, 15/8/17)
Comment: Iphone 7s/8 are coming…
EA posted 2H17 earnings of Bt1.9bn, +14%. It said 3Q17 earnings are going to be good, driven by higher oil prices that will boost biodiesel sales and booking revenue from a 126MW wind plant. (Khao Hoon, 15/8/17)
PLANB merged with JKJ Media to expand in the Philippines, its 4th Asian market. It posted 2Q17 sales of Bt740mn, +20.7%. (Thun Hoon, 15/8/17)
PTT posted 1H17 earnings of Bt77.5bn, +60%YoY. 2Q17 earnings were Bt31bn, driven by higher oil prices and growth at subsidiaries. (Khao Hoon, 15/8/17)
RATCH is negotiating investment in power plants both at home and abroad worth 1002MW. It is going to invest Bt8bn to reach production power of 75MW. 2Q17 earnings were at Bt2.2bn, +100%, lifting 1H17 earnings to Bt3.5bn, +51%. (Khao Hoon, 15/8/17)
SUPER posted 2Q17 earnings of Bt343mn, +476%YoY, bringing 1H17 earnings to Bt848mn, +997.76%. (Khao Hoon, 15/8/17)
THAI posted 2Q17 loss of Bt5.2bn due to a 20% rise in oil prices plus a FX loss of Bt2.4bn. (Khao Hoon, 15/8/17)
Comment: And mismanagement, inefficient cost measures, corruption etc etc
THCOM State hand in Thaicom’s next satellite. For the first time, the government will take partial control of the management and operation of a new satellite of Thaicom Plc in an effort to channel the benefits of the space economy to the general public. (Bangkok Post, 15/8/17)
Comment: It maybe be time for this company to realise that they shouldn’t have let K. Suphabjee leave.
TU signaled 2H17 earnings are better than the 1H17 due to high season and customer demand. It targets 2017 sales of Bt145-150bn or +5% this year. It expects 3Q17 sales to hit the peak this year. (Khao Hoon, 15/8/17)