JWD invested Bt315.73mn: Bt146.57mn to buy 40% of Bok Seng shares and Bt169.16mn to take a capital increase by PPSEZ, which operates a logistics business in Cambodia worth. (Kao Hoon, 12/6/18)
Comment: Curious as to how this fits in within the group’s overall plan or if these are just opportunistic acquisitions
KTIS expects 2Q18 revenue to rise QoQ, with revenue growth in 2018 aided by a better sugarcane harvest this season of 11.6mn tons. This also provided more feedstock for power plants up to August 2018. (Kao Hoon, 12/6/18)
Comment: Rubbish, sugar prices are in the doldrums!
NWR is preparing to participate in new auctions worth over Bt2.52bn. The company also plans to participate in more project bidding in Myanmar and Cambodia which could be booked in 2H18. It reports backlog of over Bt13bn, with 50% of this recognized as revenue this year. It is also working on diversifying to new business lines and negotiating several M&As and JVs in the country. (Thun Hoon, 12/6/18)
ORI has set a 5-year target for its subsidiary “One Origin” and will spend Bt20bn to invest in three main businesses: hotel, office for rent and retail food that it expects to generate Bt10bn in the next five years. The company also plans to list this subsidiary on the Stock Exchange of Thailand. (Kao Hoon, 12/6/18)
PLANET will participate in bidding for Bt2bn in power projects with a target of winning 25%. Management continues to expect positive earnings in 2Q18. It is also working on a new business “Cloud Office Solution” with a revenue target of Bt100mn. The company reports backlog at Bt250mn, 80-90% of which will be recognized in 2018. (Thun Hoon, 12/6/18)
PREB has partnered with two Japanese real estate developers and will open the first project, a luxury condominium on Sukumvit 39, with a value of Bt2.6bn. The project is expected to launch in 3Q-4Q18. (Kao Hoon, 12/6/18)
Comment: Over the past decade i’ve said it time and time again, the best example of a contractor moving up the industry chain to become a developer.
SAWAD will do a second tender offer for BFIT and plans to increase its stake in BFIT to more than 50% (from 35.5% currently) for business restructuring. As of March 2018, SAWAD had retained earnings of Bt7.3bn. (Kao Hoon, 12/6/18)
Comment: SAWAD is clever here, with the license now secured under BFIT they have reduced the risks to operate their business. MTC (formerly known as MTLS) hasn’t yet.
SCN expects the strong operations in 2Q18 backed by iCNG and NGV businesses. The company targets revenue growth at 40% and plans to add 13 NGV stations this year. (Kao Hoon, 12/6/18)
SEAFCO expects revenue to hit a record high with growth of 30% this year after being awarded ONE Bangkok project phase 4 with a value of Bt600mn that will lift backlog to Bt4.0bn. The company said that it has projects waiting for bidding valued at Bt9.8bn and expects strong operations in 2Q18. (Kao Hoon, 12/6/18)
THG has seen strong operations in 2Q18 despite being low season and targets revenue growth at 10% this year. It plans to open Ar Yu International Hospital in Myanmar in July and expects to book revenue from Jin Wellbeing County project in 4Q18. (Kao Hoon, 0/1/18)
Comment: But the Jin Wellbeing Country project hasn’t done well at all.
TKS expects revenue growth of 8% this year backed by football’s World Cup in 2Q18 and its backlog of Bt1.4-1.5bn. (Thun Hoon, 12/6/18)
TNP expects the strong operations in 2Q18 and plans to invest Bt100mn into outlet expansion. The company targets revenue growth of 10-15% with rising contribution from high-margin products and operates 24 outlets this year. (Thun Hoon, 12/6/18)
WORK has invested in a newly established company, BNK Production Company Limited (registered capital of Bt4mn). WORK is taking 50%, BNK 48 Office Co., Ltd will hold 49.99% and Mr. Jirath Pavaravadhana will hold 0.01%. The objective is to expand and increase growth of all businesses, including TV production as well as its events and concert businesses. (Post Today, 12/6/18)
Comment: Still find the BNK trend rather amusing or in the end short term.