DRT has set aside Bt100mn to upgrade its machinery, which it expects will reduce cost and expand margin to 25%. It expects 2017 revenue growth of 5%, supported by customer expansion and home renovations in the south. (Thun Hoon, 14/02/17)
Comment: Walking/driving around the provinces over the weekend did give me an idea that some spending is reocurring in the housing markets with the FN outlets having customers looking at home appliances/beds etc and homepro looking quite active as well. Then again it could just have been because it was a long weekend.
EGCO targets continued growth in 2017 earnings. It is negotiating to buy more power plants. It expects the deal to transfer a share of a geothermal power plant in Indonesia to finish in March. (Thun Hoon, 14/02/17)
GPSC reported 2016 profit of Bt2.7bn or growth of 42%. It will pay a dividend of Bt0.70/share, XD within Feb 22. It is confident in continued growth in 2017. (Kao Hoon, 14/02/17)
Comment: No surprises with the growth.
HMPRO expects 2017 earnings continue to grow. It plans add 1-2 branches upcountry and expand its business abroad. It plans to open 1-2 Mega Home stores in Malaysia this year, which it believes will give it outstanding 2017 earnings. (Thun Hoon, 14/02/17)
J expects 1Q17 to continue to grow supported by revenue from The Jas Srinakarin. It expects 2017 revenue growth of 30%. It has budgeted Bt1.4bn to develop a new project and expand business. (Thun Hoon, 14/02/17)
LPN reported 2016 profit of Bt2.2bn on the slowdown in the property business. It will pay a 2H16 dividend of Bt0.30/share, XD on Feb 21. (Kao Hoon, 14/02/17)
Comment: The fear for them is the backlog recovery and whether or not it is possible
MACO targets 2017 revenue growth of 20.25%. It has set an investment budget of Bt310mn which it will use to: 1) buy rights to rent 74 billboards at Bt160mn and invest in Central Business District LED Network (CBD LED Network) at Bt150mn. ( Thun Hoon, 14/02/17)
Comment: Typically they get a 3 year payback on billboards.
MINT expects 2017 revenue growth to be 10-15% backed by continued growth in all businesses. It plans to expand its hotel and restaurant business. It has drawn up a five-year plan (2016-2020) in which it targets outstanding earnings. (Thun Hoon, 14/02/17)
PF will focus on high-end market, priced at Bt15-80mn per unit. It plans to launch two projects with a total value of Bt6bn. (Kao Hoon, 14/02/17)
Comment: Every player seems to be running to the high end market, will we see an oversupply situation there too?
PTG targets to be #1 in 2017 and expects to have 1,800 service stations, exceeding those of PTT. It expects this to bring revenue to Bt100bn. It has budgeted Bt5bn to expand its business. (Kao Hoon, 14/02/17)
Comment: The story here is scale scale scale, and then with the scale add in additional items for sale whether it be retail, ATM’s, coffee shops etc etc.
RPH will offer 163.78mn IPO shares. It plans to use the funds to invest in a 202-bed hospital which will be targeted at the middle income segment. It plans to expand its customer base by focusing on insurance clients with competitive price and service quality. It targets to be the #1 hospital in Khon Kaen. (Thun Hoon, 14/02/17)
Comment: It’s the perfect combination of a “small” company, IPO and a hospital.
SE: first trading day today. It expects the price to go over Bt4. It plans to use the IPO funds to build an engineering service in Rayong to support growth in the future. (Kao Hoon, 14/02/17)
Comment: And it popped just like every other small IPO does
SIRI targets 2017 revenue from condominium of Bt13bn. It plans to launch eight new condos with a total value of Bt22bn and expects 2017 presales to reach its target of Bt21bn. It expects presales from foreign customers to be more than Bt7.5bn. (Kao Hoon, 14/02/17)
Comment: The president has been buying buying buying his own shares. Part deux?
SQ plans to expand to CLMV as it has entered a seven-year ore mining service contract with a total value of Bt3.7bn. This will increase its backlog to Bt40bn. (Thun Hoon, 14/02/17)
TPOLY targets 2017 revenue growth of 10%. It plans to take part in Bt8bn bids, expects to have more information in 2Q17. It expects this to increase its work on hand to above Bt4bn. It plans to focus on private projects where margin is higher. It plans to wipe out retained earnings losses. (Thun Hoon, 14/02/17)
Comment: Plus the earnings from TPCH
TVD expects 1Q17 sales to be good on the back of digital TV and online distribution. It targets 2017 revenue to reach Bt3.9bn of 15% growth. (Thun Hoon, 14/02/17)