BGRIM was awarded the first phase of a 145MW hybrid power plant project in U-Tapao international airport area worth Bt3.6bn. It expects IRR of more than 10%. It expects to start commercial operation in Jan 2021. It expects to be awarded the second phase of 135MW electricity production capacity and value of Bt2.3bn. (Kao Hoon, 4/10/18)
Comment: They will win good projects left right and center, they have the balance sheet, they have the relationships, and they have the expertise to do so.
CHOW started commercial operation of a 2.7MW solar farm in Japan, bringing total electricity production capacity to 63.7MW. Management says its steel retailing business is still smooth. It expects sales volume of 270k tons this year from last years’ 140K. It expects revenue to reach Bt6bn this year from last year’s Bt4.2bn. (Thun Hoon, 4/10/18)
Comment: Another one that does have stuff in Japan.
GULF expects to be included in MSCI Global Standard next round. The results will be announced in mid-November and will be effective on Nov 30. Its free float and market capitalization meet qualifications. (Kao Hoon, 4/10/18)
KWM is working to expand margin. It expects net profit margin to be in double digits next year. It is working to control costs and run at full production capacity. It is preparing to introduce a new product to boost sales growth to 40%. Management expects revenue growth of 20% this year. (Thun Hoon, 4/10/18)
MONO expects MONO29 to be second in TV ratings in 2019, giving revenue growth of 20-30% in 2019. Its CEO has budgeted Bt1bn to purchase much content. He targets revenue to reach Bt5bn in 2021 and this year’s revenue to reach Bt2.8-2.9bn. (Kao Hoon, 4/10/18)
MVP says Thailand Mobile Expo 2018 was very successful on a 10% rise in the number of visitors and Bt2bn changing hands. It expects this exhibition will give new life to the mobile market. (Thun Hoon, 4/10/18)
PRM entered high season. It will take delivery of a new ship at end 4Q18, which will give it 37 ships in its fleet. It expects growth in 4Q18 due to rising demand for oil shipments. It maintains its revenue target at Bt5bn, up 10% from last year’s Bt4.69bn. (Thun Hoon, 4/10/18)
SAWAD expects 3Q18 earnings to be good, supported by high season. (Kao Hoon, 4/10/18)
SIRI expects presales of Bt50bn this year from the earlier target of Bt45bn after 9M18 presales reached Bt41.5bn. It expects to launch seven property projects with total value of Bt12.7bn in 4Q18. (Kao Hoon, 4/10/18)
Comment: The number of projects I see SIRI launching are scaring me…only because I don’t see the sales actually occurring, I see the projects starting slower than normal…recap next year?
TEAMG is negotiating with a Japanese company to expand its jobs in ASEAN. The decision will be made in 4Q18. It expects to raise foreign revenue contribution to 30% within five years. It is preparing to bid for projects worth Bt1bn in 4Q18. Backlog is Bt3.2bn, out of which it will book an average of Bt150mn per month as revenue. It targets revenue growth of 10-15% this year. (Thun Hoon, 4/10/18)