CHEWA
CHEWA expects 2018 earnings of Bt265.1mn, +70.44%YoY, with revenue of Bt2.65bn. (Kao Hoon, 2/1/19)
Comment: A lot of these property developers had decent 2018 #’s, the question that is on a lot of investors minds is what impact will the LTV have upon sales going forward

CRANE
CRANE expects earnings to turn around in 2019 as it believes construction projects will be abundant. It will bid for projects with total value of Bt3bn, raising current backlog of Bt900mn. It expects the election to support the construction industry. (Thun Hoon, 2/1/19)
Comment: That has been the hope for the past 3-4 years.

HARN
HARN expects sales of Bt1.54bn this year with new high current backlog of Bt500mn. 90% of backlog will be booked as revenue this year. It plans to bid for many projects with total value of Bt100mn and expects to be awarded 50% of these. As for its digital printing business, it plans to enter Vietnam and expects revenue of Bt25-30mn in the first year. (Thun Hoon, 2/1/19)

LALIN
LALIN is confident that it will have more than Bt4.4bn in sales in 2018 after it launched seven property projects with total value of Bt4bn. It plans to release its 2019 business plan and property projects on Jan 7. (Kao Hoon, 2/1/19)

PSTC
PSTC sold its 10% holding in Light Up and with gains of Bt23mn. It expects to use the proceeds as working capital. It received Bt212mn from the sale of 3.8% in subsidiary TPN. Its Independent Financial Advisor (IFA) accepted the northeast oil pipeline system construction project. (Kao Hoon, 2/1/19)

SAMCO
SAMCO will launch a new property project worth more than Bt2bn with a presales target of no less than Bt1.5mn, raising current backlog of Bt150mn. Current backlog will be booked as revenue through 1Q19. It confident that LTV measures will not affect its revenue because its major customers are first-home buyers. (Thun Hoon, 2/1/19)

TCMC
TCMC will be active after business restructure. It is focused on markets with good prospects in Asia, Europe and the Middle East with a 3-5-year growth target of 8-10% per year. It is confident that 2018 revenue will reach its target. (Thun Hoon, 2/1/19)
Comment: The company should be doing far better, but a question mark hangs over management’s capabilities

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