BEM reported 3Q18 earnings of Bt3.12bn, +231.8%YoY, mainly from asset write-off. 9M18 profit was Bt4.83bn, +104.4%YoY. Revenue from tolls was Bt2.56bn and revenue from power plant was Bt1.22bn. (Thun Hoon, 12/11/18)
Comment: Big BOOM!
BGRIM reported 3Q18 earnings of Bt795mn, +40%YoY, driven by growth in commercial operations of its power plant. It will increase electricity production capacity by 861MW next year, supporting earnings growth of 15-20%. (Kao Hoon, 12/11/18)
EA reported 3Q18 earnings growth of 30%YoY and 272.5%QoQ driven by the startup of the 260MW Hanuman power plant. Next year, it will increase electric production capacity by 861MW. (Thun Hoon, 12/11/18)
Comment: Big BOOM!
NCL expects 4Q18 results to grow, supported by logistics business expansion in the US, China, Vietnam and Indonesia. 9M18 earnings were Bt2.98mn, +146.37%YoY. Management expects revenue growth of 10-20% this year. (Thun Hoon, 12/11/18)
Comment: Don’t see it, over priced, no competitive positioning.
NER reported 3Q18 earnings of Bt121.5mn, +656%YoY. 9M18 earnings were Bt288mn, +3,483.11%YoY, driven by cost control and decline in material cost. It expects revenue growth of 10% next year. (Kao Hoon, 12/11/18)
Comment: Benefiting heavily from the lower rubber prices, and it has recovered about its IPO price.
SKR reported 3Q18 earnings of Bt100mn, +163%QoQ and +37.52%YoY. 9M18 earnings were Bt183mn, already more than the whole of last year, due to a wider margin. It expects 4Q18 earnings to grow in line with the growth of the number of patients. (Thun Hoon, 12/11/18)
Comment: One of the few hospital names to show big numbers.
TACC reported 3Q18 revenue of Bt313mn and 3Q18 earnings were Bt23mn. 3Q18 gross profit margin was 30.65%. It is doing better with cost control and has introduced new products to widen its profit margin. (Thun Hoon, 12/11/18)
Comment: Ahhh this funny little company that sells coffees @ 7-11. Despite the stock being down some -80% its still trading at a trailing PE of 22x…
TEAMG reported 3Q18 earnings of Bt33.43mn, +12.48%YoY. Backlog is Bt3.48bn. It expects earnings to be a record high this year and it expects earnings growth of 10% next year. Bt1bn backlog will be booked as revenue next year. (Kao Hoon, 12/11/18)