CHOW
CHOW’s 26.68 MW Iwaki solar farm construction is 100% completed, raising its capacity to 65.67MW. It projects this solar farm will generate revenue of Bt400mn/year and start commercial operations in April 2018, booking revenue immediately in 2Q18. (Khao Hoon, 13/03/18)

GCAP
GCAP targets 60% growth in new loans in 2018 to reach Bt1.8bn. It plans to increase capital in 2H18 and will use the funds for business expansion. It projects this will lower D/E from 5x to be below 2x. (Thun Hoon, 13/03/18)
Comment: The changes that have occurred in this company with the new management team have been astounding!

KSL-BCP
KSL and BCP plan to list its joint venture company, BBGI, in the stock market. It is going to submit the filing to issue 1,000mn IPO shares at the end of April 2018 and expects to start trading on the market in November 2018. It plans to use the funds to expand business and strengthen its biomass business. (Khao Hoon, 13/03/18)
Comment: The biggest winner from this is BCP, KSL arguably has a huge amount of risk with a single customer buying below market prices.

LIT
LIT has received Bt228mn in backup project financing for weapons and explosives detectors and conveyor belt installation projects in two airports worth Bt228mn. These projects will give it strong 2018 results. (Thun Hoon, 13/03/18)

PYLON
PYLON says 1Q18 results will be good and believes 2018 revenue will be Bt1bn. It plans to bid for new projects and currently has backlog of Bt1.019bn, all of which will be booked as revenue this year. It announced a dividend of Bt0.05/share, XD on March 16. (Khao Hoon, 13/03/18)

SAPPE
SAPPE projects 2018 revenue to grow by 10-15% as it plans to launch 10 new products and to expand to new product lines aside from beverages. It also plans to expand its business both at home and overseas and to raise its holdings in All Coco to 51%. (Khao Hoon, 13/03/18)

SENA
SENA targets 1Q18 presales of at least Bt4bn from the launch of four projects worth Bt5.3bn. It believes 2018 presales will achieve its target of Bt10.3bn and revenue will reach Bt5.2bn. It plans to issue a Bt1.5bn bond for debt repayment and to use as working capital. (Thun Hoon, 13/03/18)

Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes:

<a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>

This site uses Akismet to reduce spam. Learn how your comment data is processed.