New Energy minister, Sontirat Sontijirawong, to review 2018 PDP on 1st day in the office, following objection by the ombudsman that EGAT’s 2018 PDP allowed private power co, to shr role of producing electricity after which state’s contribution was cut to <50%, violating national security. GULF likely impact the most as its 100% private owned […]

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BEM to test run blue line MRT extension, Hua-Lampong-Lak Song, 27 km 11 stations from Aug 12, target cod from September. BJC reaffirms 2 digits revenue growth this year from BIGC hypermarket expansion, target full year SSSG above 2%, in talk clients to secure can packaging order, expects to wrap up 2H. EPG’s firm on […]

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AP AP reported 11M18 presales of Bt41.5bn, exceeding its full-year target of Bt39.8bn. Revenue from its JV was Bt27.1bn, a record high. (Kao Hoon, 17/12/18) Comment: So even despite great earnings and pre-sales numbers this stock has also plummeted ASEFA ASEFA expects many projects to come up for bidding next year, especially big infrastructure and […]

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BANPU BPP, a subsidiary of BANPU, will start commercial operations of a solar farm in Japan. BANPU will begin to book revenue from this shareholding of 15.35MW in 4Q18. BANPU has total electricity production capacity of 2,100MW. It expects earnings of Bt8.8bn, supported by higher coal price and revenue sharing from the power plant business. […]

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ASAP ASAP insists that it will not increase capital, even though D/E ratio is high. The jump in interest expense pushed share price down, but it said this is the nature of a leasing company. It says customers trust it and banks provide support. It is studying the issue of debentures of a minimum of […]

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ADVANC ADVANC reported 3Q18 earnings of Bt6.8bn, -9%YoY. 9M18 earnings were Bt22.84bn, +2.1%YoY. It revised down service revenue growth to 3.5%-4.5% from the earlier 5-7%. 9M18 revenue grew by 3.9%YoY. (Kao Hoon, 2/11/18) Comment: If ADVANC is struggling, what will happen to TRUE and DTAC? AEONTS AEONTS is hurrying to introduce a marketing campaign to […]

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A A expects revenue growth of 10% this year, supported by a rise in transfers. Backlog is Bt4bn. It expects presales to reach Bt10bn this year. It plans to launch four property development projects with total value of Bt5.35bn in 4Q18. (Kao Hoon, 20/9/18) Comment: Interesting in the Bangkok Post today the firm comments it […]

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ASEFA ASEFA expects 2H18 results to be better HoH supported by high season, but it admits that 2018 earnings growth will come in below target of 15%. Current backlog is Bt2.06bn and 60% of backlog is expected to be booked as revenue this year. It plans to bid for projects with total value of Bt3bn. […]

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AOT AOT fundamentals are strong. It reported 3QFY18 earnings of Bt6.42bn, +19%YoY, and 9M18 earnings of Bt19.9bn, +18%YoY. Passenger pass-through in the first nine months was 106.2mn. (Kao Hoon, 15/8/18) Comment: The china tourism issue is to me, a short term hiccup. Biggest issue for Thailand will be the country’s infrastructure capacity EA EA reported […]

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AMA AMA expects 2018 performance to be in positive territory. It plans to raise its freight rates by 5% and benefits from THB depreciation. It targets revenue growth of 30%. In the liquid truck transportation business, it is preparing to add 30 service trucks in 4Q18 (Thun Hoon, 13/7/18) Comment: This company seems to be […]

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