BEM to test run blue line MRT extension, Hua-Lampong-Lak Song, 27 km 11 stations from Aug 12, target cod from September.
BJC reaffirms 2 digits revenue growth this year from BIGC hypermarket expansion, target full year SSSG above 2%, in talk clients to secure can packaging order, expects to wrap up 2H.
EPG’s firm on 12% revenue growth target this year from S-Curve strategy to drive 3 key business, Aeroflex, Aeroklas, EPP, sets Bt300m capex from expansion.
Comment: Revenue wise I do worry for this company in the short to mid term given that the global automotive industry is a decline. Margin wise I wouldn’t be surprised to see a positive lift given the declines in oil prices
GFPT & TU expected to report strong 2Q from wider margins supported by sharply declined feed mill price, Tabloid.
KTC will extend an investment roadshow to HK and Japan late this month after gaining a good response from US investors at presentations there that touted new business ventures.
ITEL sees strong 2H, confident of winning 30% of Bt4-5b contracts it planned to bid, to book Bt1.3b-Bt1.7b of Bt5.7b backlog.
PTT said has not abandoned budget hotel project, to announce partner soon.
Comment: Question marks may appear with Erawan (specifically Hop Inn) if PTT does this properly
SAT cuts revenue growth target this year to 3% from 4-5%, after lowering car production forecast this year to 2.1m from 2.2m, sees lower 2Q from Bt30m expense on employees.
Comment: And its going to continue being lowered
SGP sets Bt2b capex to expand LPG depot in Bangladesh, Indonesia and Myanmar, aims to reduce logistic costs and capitalize opportunity to re-stock when price drops, will wrap up 1 M&A this year
VNG tones down FY19 earnings from drawback MDF exports volume, teams up DCC to distribute MDF & particle board thru 20 branches to boost domestic sales from current 20% vs 80% exports.