BEAUTY
BEAUTY plans to expand to Russia and India as it has a positive view on beauty market growth. It expects to finalize the plan in two years. It targets 2022 revenue of Bt10bn with Bt4.29bn in 2018. It projects market capitalization of at least Bt100bn, as it plans to continuously expand its business both at home and overseas. It has budgeted Bt120mn to set up new branches and to renovate existing ones. (Thun Hoon, 30/1/18)
Comment: Isn’t it strange that companies are now targeting market capitalisation?

BEM
BEM targets 5-7% growth in passengers in 2018 with revenue to growing in tandem. It plans to open the Blue Line extension MRT (Hua Lamphong-Lak Song) in September 2019 and Tao PoonTapra station in March 2020. It also plans to list BMN in 2020. (Thun Hoon, 30/1/18)

CWT
CWT says it is going to book more revenue from an increase in production capacity of its biomass and solar farm plants to 15 MW from 5 MW last year. It says the bidding for a PPA for a community biomass power plant may be postponed. It also says its car seat cushion business still shows steady growth and it currently has orders of Bt1.6bn. (Thun Hoon, 30/1/18)

ITEL
ITEL is going to bid for phase 2 of the border internet project at the end of 1Q18 or the beginning of 2Q18. The project is valued at Bt18bn. (Thun Hoon, 30/1/18)
Comment: Not sure that ITEL has the balance sheet necessary to go for a 18 bn project, 1.8 bn on the other hand…

PRM
PRM says 2018 earnings will be outstanding. It believes the industry is improving, driving demand for shipping. It plans to budget Bt450mn to buy two more ships within 2Q18. (Khao Hoon, 30/1/18)

ROJNA
ROJNA plans to sell 478.7mn shares or 26.10% of TICON to Frasers Property Holdings, a company owned by Mr. Charoen Sirivadhanabhakdi. The shares are priced at Bt18/share. It projects an extra gain of Bt1.785bn from this sale, as it bought the shares for Bt14.27/share. (Khao Hoon, 30/1/18)
Comment: This has been a cheap stock for the longest time, have feared it could be value trap, but the news of this share sale has brought some life into the name

SAMCO
SAMCO plans to launch three new projects, worth Bt2.384bn at an investment cost of Bt1.8bn. It also plans to launch a big project on 25 rai of land in Pattaya in 2020 and plans to continue to expand its rental business. (Khao Hoon, 30/1/18)

SIRI
SIRI plans to launch 31 new projects this year, with an all-time high total project value of Bt63.2bn. It projects presales of Bt45bn and revenue of Bt30bn. It currently has backlog of Bt44.9bn, which will be booked as revenue through the next four years. It has budgeted Bt15bn to buy land and plans to pull in more foreign buyers. It says the deal to buy PACE will be finalized at the beginning of February 2018. (Thun Hoon, 30/1/18)
Comment: I would just let PACE go under and pick up the assets for a better price

SPA
SPA says 1Q18 results will be good thanks to the rise in tourists from Chinese New Year. It plans to further expand to foreign customers and targets 2018 revenue to grow by 25%. (Thun Hoon, 30/1/18)

TPIPP
TPIPP is going to book revenue from 90MW TG4-TG6 plants in 1Q18. It plans to research the TORs and bid for five community biomass projects. It also plans to expand its waste segregation plant to improve RDF production capability in order to be able to supply its power plant in the long term. (Thun Hoon, 30/1/18)
Comment: Same story for TPIPP just more and more projects coming online, it’ll be interesting to see what the dividend yield is going in the coming 1-2 years

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