CENTEL
CENTEL has budgeted Bt1.2-1.5bn to add more stores and to invest in hotels and it plans to continue making new deals to acquire businesses. It projects 2018 occupancy rate will be at least 82% and revenue from its food business will grow by 7-8%. (Thun Hoon, 21/12/17)
CK
CK is going to bid for new projects worth Bt400bn, including sky train projects in 2018. It reports current backlog of Bt78bn, which will steadily be booked as revenue. (Khao Hoon, 21/12/17)
Comment: All the contractors are still going to be performing incredibly well for the next 5 years with the amount of projects coming online.
CPT
CPT plans to bid for new projects worth Bt1.6bn, of which it expects to receive 20% in 2018. It expects 2018 revenue will grow by 10% from this year. It also plans to expand overseas and establish head offices in Indonesia, the Philippines and Vietnam. It targets revenue from overseas will rise to Bt500mn within three years. (Khao Hoon, 21/12/17)
HTECH
HTECH projects good growth in the HDD market next year and expects revenue will grow by 10%. It says its new factory is ready to start operations and will raise production capacity by 30-40%. It plans to penetrate the Vietnam market aggressively. It also says 4Q17 results will be close to 3Q17’s. (Thun Hoon, 21/12/17)
Comment: I’ve been positively surprised by this company’s performance. Still think that the valuation is pricing in a perfect world scenario.
NMG
NMG’s board approves the sale of five assets, subsidiary shares and property, worth Bt1.403bn. It plans to restructure its business and will present the plan to shareholders for approval at the general meeting on February 28. (Khao Hoon, 21/12/17)
Comment: A newspaper that tried to become a TV channel, obviously didn’t work out as planned. The shareholder squabbles didn’t help matters either.
PDI
PDI believes 2017 earnings will be a ten-year high and the second highest in 33 years as average zinc price in 2017 has risen by 40%. This is giving a wide margin, as the zinc alloys produced from Mae Sot mine have low cost. (Thun Hoon, 21/12/17)
PK
PK expects 2018 revenue will grow by 10-15% in tandem with economic recovery in both domestic and overseas markets. It plans to further expand its overseas market and targets revenue proportion from overseas to rise to 25%. It has budgeted Bt400mn to build a new factory and buy machines. It also says revenue in 2017 will exceed its target of Bt4bn. (Thun Hoon, 21/12/17)
SIRI
SIRI reports presales of SDH, Kanasiri, has reached Bt1bn this year with good client response. It plans to develop a new Kanasiri project priced at Bt3-5mn per unit and expects real estate will grow well in 2018 as the economy returns to an uptrend and the political climate is positive. (Khao Hoon, 21/12/17)
ZIGA
ZIGA says 4Q17 results will show solid growth backed by high season. It plans to build a new factory to increase production capacity by 30%, which will bring earnings to new highs. It also plans to open its own store, I Retail, to penetrate a new customer segment. (Khao Hoon, 21/12/17)

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