BEM
BEM notified arbitrator that the Expressway Authority of Thailand (EXAT) already paid the premium difference between the Chalerm Mahanakorn and the Si Rat Expressway toll plus interest. There are many cases that BEM expects to win. (Thun Hoon, 1/11/18)
Comment: Well EXAT did just make a bucketload from TFIFF… so was that used to pay off BEM?
JKN
JKN takes rights to sell “Nakhee 2” movie worldwide. It expects 2018 revenue growth of 20% this year. (Kao Hoon, 1/11/18)
Comment: 3Q18 #’s are going to be crap due to cost recognition, that’s seemingly priced in already, and every analyst is projecting that without these costs occurring in 4Q18, #’s will sky rocket. Let’s see.
PIMO
PIMO plans to set up a motor factory in Japan, boosting its production capacity and sales. It expects 2018 results to be better YoY and it targets revenue growth of 15-20% this year. It will fully book revenue from sale of BLDC products. It says if it runs the full production capacity of BLDC products, revenue will double. (Thun Hoon, 1/11/18)
PLANET
PLANET expects 3Q18 earnings to turn around after it is rushing to submit jobs and controlling costs. Backlog is Bt300mn. It plans to bid for Bt2bn in projects from the Provincial Electricity Authority (PEA) at the end of this year. The SET has rated its corporate governance as “excellent”. (Kao Hoon, 1/11/18)
PLE
PLE signs an MOU with the NBTC to set up a new office in Nonthaburi valued at Bt2.64bn. (Kao Hoon, 1/11/18)
PTTGC
PTTGC has budgeted Bt281mn to acquire 49% of RGL, a big manufacturer of Rotomolding Compound in Europe and Oceania. The deal is expected to complete in 1Q19 (Kao Hoon, 1/11/18)
SPALI
SPALI expects presales and transfers growth of 10-15% next year. Management is working on its 2019 business plan and will continue to focus on property projects located where there is real demand. It expects presales to reach target of Bt33bn this year. (Thun Hoon, 1/11/18)
SYNEX
SYNEX expects 4Q18 sales to be outstanding, driven by high season, lifting earnings to a record high. It expects more than Bt100mn in sales at the Commart Work 2018 event. It expects revenue to reach its target of Bt37.5bn and for continued growth next year. It plans to introduce a new product at the end of this year and it is looking for venture capital. (Thun Hoon, 1/11/18)
Comment: I was surprised by this firm’s ability to actually grow so well.
TFFIF
Future Fund climbs in debut for region’s top IPO of 2018. Units in the Thailand Future Fund (TFF), on track to close 2018 as the biggest initial public offering (IPO) in Southeast Asia after the launch was hit by delays, rose 3 per cent on their first day of trading yesterday. (The Nation, 1/11/18)
Comment: I know too much about this to think it’s good for investors…
THCOM
THCOM reported 9M18 earnings of Bt2.22bn, +310.8%YoY as it booked a Bt1.95bn extra gain from the sale of CSL in 1Q18. 3Q18 earnings were Bt104mn, +59.6%YoY. (Kao Hoon, 1/11/18)
TKN
TKN focusing on growth in stores. It targets revenue to reach Bt1bn in four years from more than 100 stores. It is using a “one-stop shopping” platform and a variety of product types to attract tourists. It is preparing to purchase a foreign franchise to market in Thailand. It expects revenue growth of 15% this year. (Thun Hoon, 1/11/18)
Comment: Ahhhhhhh the company is finally diversifying around from being a single branded company. Not the worst idea.

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