BGRIM
BGRIM at risk of losing two projects. BGRIM is facing a risk that development of two power plants (BGPR1 and BGPR2) with total capacity of 240 MW might not be able to continue, because these two projects need to relocate to other industrial estates after the V.R.M. Industrial estate (the original location for these two projects) cannot be developed. If the relocation is not successful, BGRIM may lose 240 MW capacity from its 2021 portfolio. (Kao Hoon, 24/5/18)
Comment: And is this a result of an amazing government organisation? A silly industrial estate developer that could not pull through with its plans? BGRIM is typically an astute organisation that doesn’t make these mistakes.
FSMART
FSMART expects earnings growth to gain momentum in 2Q18. In 1Q18, it booked revenue of Bt842.14mn and net profit of Bt145.01mn. It will launch a marketing campaign to try to raise the proportion of more active users (defined as 5 or more usages per month) from 25% to 40%. (Thun Hoon, 24/5/18)
Comment: Still a growth machine but now at a slower pace and lower margins
GGC
GGC expects stable earnings in 2Q18. It targets 5-6% growth in methyl ester sales this year. It expects methyl ester plant 2 worth Bt1.65bn to start operations in 3Q18, which will boost capacity to 200,000 tons/year. (Kao Hoon, 24/5/18)
GPI
GPI plans two big events: “OFF ROAD DAY 2018” May 31-June 3 at Grand Prix Motor Park in Kanchanaburi and “Honda Racing 2018” May 29-June 1. It also plans to expand its business to “eRacing sport”. (Kao Hoon, 24/5/18)
GPSC
GPSC is confident that earnings will be better in 2018 on booking a full year of revenue from three power plants. In 2019, it plans to increase capacity by 400 MW. Under its 5-year plan, it will increase capacity by 500 MW both domestic and abroad (Laos and Myanmar). (Kao Hoon, 24/5/18)
MINT
MINT announced that it has taken an 8.6% holding or 30mn shares in NH Hotel Group, Europe’s sixth largest hotel chain, for €192mn (Bt7.4bn). NH Hotel Group has 382 hotels in Europe, America and Africa. (Kao Hoon, 24/5/18)
ORI
ORI has joined forces with Fulcrum Global, a developer based in Hong Kong, to tap the overseas market. It targets sales from overseas of Bt15bn within three years. (Kao Hoon, 24/5/18)
PTTEP
PTTEP expects EBITDA margin to reach 75% this year and sales of 300,000 barrels per day. It has cash in hand of US$5bn to support business expansion. (Kao Hoon, 24/5/18)
PTTGC
PTTGC expects an increase in revenue this year as a result of rising oil prices and running at full capacity. (Kao Hoon, 24/5/18)

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