HTECH
HTECH set capex of Bt150mn to expand production capacity, backed by new auto parts orders. It expects jobs to increase and earnings to grow this year. It is adding new customers and negotiating with companies both at home and abroad for venture capital deals. (Thun Hoon, 10/1/19)

KTB
Mr. Kittiphun Anutarasoti says he only approved a Bt4.5bn loan to EARTH in 2015 while it was still classified as normal. KTB extended the second loan of Bt5.5bn to EARTH in 2017, after which it defaulted, he said. He was not involved with the second loan and requests fairness from BoT and the Court. (Kao Hoon, 10/1/19)
Comment: It’s going to be interesting to see how this all plays out, the next bank that will be in question is SCB…

PIMO
MD Wasun Itthirojanakul expects motor sales growth of 5-10% this year, supported by rising exports and lower material cost. The company will focus on exports, which is expected to contribute 40% of sales from 30% the previous year. (Thun Hoon, 10/1/19)

PSTC
PSTC announced approval of the EIA for its northeast oil pipeline expansion project. It can now begin the project setup. The project is expected to be completed at the end of 2021 and the company will book revenue of Bt1.5bn per year from the project. (Thun Hoon, 10/1/19)

SKY
SKY has many projects in hand such as Smart Securities and a digital platform for radio communication, among others. It believes it has a good chance of getting these jobs. Management expects outstanding revenue this year with current backlog of almost Bt5bn. Bt3.5bn of this backlog will be booked as revenue this year. The company plans to bid for no less than three projects this year with minimum total value of Bt500mn. The results will be gradually known from 1Q19. (Thun Hoon, 10/1/19)
Comment: Seems to be the only “IT” related business that is growing in Thailand, perhaps a rare successful backdoor listing

STI
STI signed an additional contract to provide construction management and supervision services for the first phase of the One Bangkok project valued at Bt730mn for three years, adding to its current backlog to reach Bt1.45bn. The company will continue to seek new jobs. (Thun Hoon, 10/1/19)

VL
VL expects to list on mai in 1H19. It has filed an application for an IPO of 280mn shares with the SEC. It will use the proceeds to expand its fleet. There are many big customers using its service, it said. (Kao Hoon, 10/1/19)
Comment: Hmmm…another small IPO in the past I would’ve said, small float, small market cap, great first day pop. This hasn’t been the case for a while…and I’m not sure what is going to change this.

  1. DTAC coming out and agreeing to pay nearly 10B baht to CAT to settle some disputes but no bother, management says it will have no impact on the financial position of the company. Hahahaha

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