BJC
BJC is adding more BIGC stores to reach 781 by the end of 2017 and trying to reduce low profit products on the shelves. It reported that same-store-sales growth turned positive in 3Q17 for the first time in three years and expects SSS growth to continue to rise in 4Q17-1Q18 in tandem with the better economy. It also plans to expand to CLMV markets. (Thun Hoon, 27/12/17)
Comment: The story is simple here, improving performance at the stores is a given due to how weak margins were in 2H16-1H17, so YoY everything will look great up to the end of 1H18. Following on from this there will be probably be some financial engineering i.e. refinancing the debt used to buy BIGC, and potentially acquiring Metro Vietnam.
CHO
CHO is going to bid for two Khon Kaen development projects; the results will be announced in 1Q18. It says revenue will be booked in 2019 if it receives these projects. (Khao Hoon, 27/12/17)
CPT
CPT has budgeted Bt200mn to build a new factory to produce a new high-value product, premium grade large circuit breaker switch boxes, which is expected to finish in August 2018. It expects this product will raise its margin and targets 2018 revenue to grow by 10% as it will expand its customer base and expand to overseas markets. (Khao Hoon, 27/12/17)
DDD
DDD rose by 86.76% to close at Bt99 from IPO price of Bt53 on its first trading day. It targets 2018 revenue to grow by 30% and plans to launch new products, build a factory, add more stores and expand to overseas markets. (Thun Hoon, 27/12/17)
Comment: Well no, that was the high for the day, regardless what a first day performance by this company…now will they actually break into China?
LOXLEY
LOXLEY won the bid for the baggage carousel system and explosive detection system installation in Suvarnabhumi airport phase 2 worth Bt3.6bn. This will raise backlog sharply in 2018. (Thun Hoon, 27/12/17)
MACO
MACO plans to expand OOH media business both at home and abroad by focusing on entering joint ventures with local businesses. It has also budgeted Bt180mn to add 14 LED screens and targets 2018 revenue to grow by 15-20% and to maintain net profit margin of 20-25%. (Thun Hoon, 27/12/17)
Comment: Oddly enough they are still continuing to perform well despite the decreasing in advertising spending for the industry
PTTGC
PTTGC signed an MOU with Nippon Shokubai and Mitsui to research the feasibility of surfactant production and distribution in Thailand. (Thun Hoon, 27/12/17)
ROJNA
ROJNA is going to bid for a large piece of land to use to develop a new industrial estate. It expects the bidding will be finalized next year. It targets 2018 land sales of 400-500 rai and will book a full year of revenue from SPP3 power plant in 2018. It also says it might buy more GULF shares if it provides good return. (Thun Hoon, 27/12/17)
SPA
SPA has budgeted Bt500mn to add 10 stores domestically and to renovate existing branches. It also plans to use the budget for M&A and joint venture to acquire spa-related business and to bring Let’s Relax brand to the Cambodia market. It believes 2017 revenue will grow by 30% and says it will have 41 stores at the end of this year. (Khao Hoon, 27/12/17)
  1. It boggles the mind that the BMTA would enter into a contract for a billion baht more than what the previous winner bid for the NGV buses. BMTA should just take delivery of the Bestlin buses at a discounted rate on top of the 350 million forfeited deposit.

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