BPP is going to start commercial operation of 96.5 MW in 2018 and believes its operating capacity will reach 2,789MW in 2023. It plans to set a budget for merger and acquisition of power plants, focusing on renewable energy in Asia Pacific. It says capacity of Hongsa power plant is higher than expected. ( Khao Hoon, 21/03/18)
DTAC expects to sign a contract for 2300 MHz with TOT in 2Q18 and is negotiating with CAT on a deal to rent telecommunication equipment for the long term, which it expects to finalize soon, before the concession for 850-1800 MHz expires. (Khao Hoon, 21/03/18)
FPI has started its mold rental business. It projects revenue from this business at Bt20mn in 2018. It says it is going to deliver the mold to its first client in Brazil for rent in 1Q18. It targets 2018 revenue to grow by 20% and currently has backlog of Bt900mn. It is focusing on OEM products, which provides high margin and is researching biomass and solar farm investment. (Thun Hoon, 21/03/18)
ICHI targets 2018 revenue to grow by 17% to Bt6.7bn and plans to expand its product line to beverage with coconut jelly, which will raise overall margin. It is partnering with a foreign entity to gain market share in Indonesia and plans to expand in CLMV markets. (Thun Hoon, 21/03/18)
Comment: The issue here is that the trend for the product is gone and their usual marketing tricks aren’t working.
ILINK says 1Q18 revenue and earnings will grow significantly backed by the growth from all businesses and no extraordinary expense of Bt34mn. It is going to book revenue from backlog of Bt300mn and believes 2018 revenue and earnings will grow by 10% from last year. (Khao Hoon, 21/03/18)
Comment: The key risk is the project with the Airport which is what led to their share price declining by 50%
PLANB expects 1Q18 earnings will grow by at least 20% on recovery in demand for advertising. It says utilization rate has risen to 65% from 60% last year and expects revenue from sports management to grow by at least 20% in 2018. (Thun Hoon, 21/03/18)
RS has budgeted Bt100mn for research and development of beauty products, partnering with Herb Plus and AstaReal Group international laboratories in order to strengthen the growth in health and beauty business. (Khao Hoon, 21/03/18)
TPIPL projects 2018 revenue to rise to Bt33.5-35bn from Bt29bn in 2017, implying growth of 15-20% bolstered by rising cement and construction materials sales volume in tandem with growth in the market. It says it is going to book profit from investment in energy business. (Thun Hoon, 21/03/18)
Comment: There have been losses w/ the core business despite the decent #’s that have come from TPIPP
TVD says 1Q18 results will be positive with 2018 revenue growth target at 17% and expects 2018 earnings will turn around. It plans to focus on high margin products and increase the frequency on media. It also plans to launch health and beauty products and on March 30 it is going to ask the board to remove accumulated loss of Bt33mn. (Khao Hoon, 21/03/18)
Comment: Again the key issue for me here is the multiple number of businesses that they have within the group.