BIZ plans to launch a specialized cancer hospital collaborating with five specialists in cancer in order to expand its customer base and attract foreigners in tandem with the upcoming EEC. It targets Bt100mn revenue per year. It is preparing to negotiate 3-4 deals for the sale of cancer treatment machines worth Bt500mn next year. (Thun Hoon, 18/10/17)
Comment: Specialist centers thus far have typically been done by the major players or cosmetic related industries. So it shall be interesting to see whether or not customers would prefer a specialised facility in Thailand.
BPP is going to take over more than one solar farm in Japan in November. It says that these solar farms already hold PPA contracts. It also plans to file a proposal to produce electricity for SPP hybrid on October 16-20. (Thun Hoon, 18/10/17)
Comment: On their way to achieving 1 GW
CHOW closed the deal to sell two solar projects to a Japanese infrastructure fund. These are the 1.17 MW Solar Farm Ibaraki and 3.26 MW Solar Farm Oita. It has received Bt622mn for this deal and plans to fully expand its power plant business in Japan. (Thun Hoon, 18/10/17)
CPN says 4Q17 earnings will grow well. It plans to launch Central Plaza Nakorn Rachasrima and Central Plaza Mahachai in November in tandem with the recovery of the economy, which will lead 2017 revenue growth of 8%. (Khao Hoon, 18/10/17)
Comment: The machine that is CPN keeps on going.
KTC reported 3Q17 earnings of Bt846.06mn, growing by 32%, with 9M17 earnings of Bt2.365bn, growing 28% with revenue of Bt14.421bn from the increase in revenue from its main business and good expense management. It is also controlling NPLs to keep them low and targets 2017 revenue to grow by at least 10%. (Thun Hoon, 18/10/17)
Comment: They have consistently outperformed what analysts expect ever since K. Rathian took over as CEO 7 years ago. The challenges that the company faces today are different from those 7 years ago where the focus was cost cutting. Now they have to protect/or even grow their market share and still somehow extract additional fees from their customer base.
LPN reports 9-month presales of Bt13bn and believe 2017 presales will reach the target of Bt16bn and is going to launch 2 new condominiums, worth Bt3.5bn in 4Q17. (Khao Hoon, 18/10/17)
SAMCO says 4Q17 earnings will be the year’s highest, as it will book Bt200mn in revenue from backlog. It plans to launch two new hometown projects worth Bt2.176bn. (Khao Hoon, 18/10/17)
SPALI reports 9M17 presales of Bt25.1bn, growing 44% as a result of the launch of four condominium projects and ready-to-move-in SDH and TH projects which have met good buyer response. It believes 2017 presales will reach the target of Bt27bn. (Thun Hoon, 18/10/17)
TK is applying for a microfinance license in Myanmar in order to increase its revenue channels. It says that if the license is approved, the proportion of foreign borrowers will increase to 50% in 2020. (Thun Hoon, 18/10/17)
TMB reports 3Q17 net profit of Bt2.003bn, growing 8.6% from 3Q16, as a result of the increase in non-interest revenue, with 9M17 net profit of Bt6.429bn, growing 6%; loans grew 4%. (Thun Hoon, 18/10/17)
WHAUP is doing new business plan for the next 5 years (2018-2022) and budgeting for new investment in both domestics and overseas, which it plans to propose to its boards in November. It is processing two new SPP projects, with capacity of 130MW per project, as a plan to have total capacity of 540 MW by 2019. It is also researching a natural gas power plant project in Myanmar and electricity transmission system in Vietnam. (Thun Hoon, 18/10/17)
Comment: You’ll have to carefully look at the numbers for this company because fx gains/losses can easily swing the profit numbers