BEAUTY says 1Q18 earnings were outstanding, driven by sales via every channel. It just signed a contract with a representative in China and expects to sign on two more representatives in 2Q18. (Khao Hoon, 18/4/18)
Comment: And the company still confounds me with its ability to keep growing
BRR to invest Bt600mn to invest in BSF’s sugar business to produce pure white sugar worth Bt393.75mn with production of 1200 tons/day, as well as Bt185.72mn for efficiency improvement in a project. (Khao Hoon, 18/4/18)
CCP says it signed new contracts for new projects worth Bt400-500mn in 1Q18. It expects annual revenue to grow 10%, focusing on high-margin products. (Thun Hoon, 18/4/18)
Comment: Similar to DCON’s products but they made a loss last year…
CHOW signed an MOU with TATA to sell 100,000 tonnes of long steel. The order will start in April, pushing steel sales to reach 270,000 tonnes. It plans to book revenue from nine solar farm projects with total production capacity of 59.03 MQ, lifting revenue to Bt5bn. (Khao Hoon, 18/4/18)
RS expects revenue of Bt3.5bn, driven by its beauty business. For the media business, it ranks among the top three during prime time. (Thun Hoon, 18/4/18)
Comment: And yet it’s trading at a market cap of THB 27bn and management is still buying shares in the market.
SUSCO expects 1Q18 earnings to grow as expected, to annual oil volume sales growth of 8-10%. It expects oil prices to be at US$60-65/bbl It expects the CLMV market to grow steadily. It plans to invest Bt300mn to open 250 new gas stations with 5-10 Lawson convenience stores. (Thun Hoon, 18/4/18)
TISCO’s 1Q18 earnings were Bt1.765bn, +18.43%, driven by NII growth of +20.3% while NPL ratio is at 2.32%. Selling its personal loan portfolio to Citibank will cut provisions. (Khao Hoon, 18/4/18)
Comment: But every other core business metric looks weak
TPOLY says 2018 earnings will be outstanding, driven by auctions for government-private projects. It expects to get a project worth Bt1bn to raise backlog to Bt4.5bn. It is progressing on building TPCH 1-2- 5 according to plan and expects completion in 18 months, expanding 2018 revenue by 10%. (Thun Hoon, 18/4/18)
Comment: And its a simple story here, construction that turned around last year, its a holdco of TPCH trading at a massive discount but with an energy minister that appears to be pro-PTT it doesn’t help anything.
TRUE explains the data leakage and has already filed on behalf of customers to protect their data. NBTC said it has not punished the company, waiting for board consideration. (Khao Hoon, 18/4/18)
UNIQ says 2018 revenue is strong with current backlog of Bt40bn. It is eyeing government projects worth Bt600bbn. It plans to launch a new business “Logistics-Energy” to drive growth in the future. (Khao Hoon, 18/4/18)
Comment: So the construction business is doing ok, what’s this logistics energy?