AIT AIT reported a 1Q18 net profit of Bt67mn, down 49.4% YoY. Its backlog of Bt3.1bn will be mostly booked this year. It targets 2018 revenue to grow 10% to achieve Bt6bn. (Khao Hoon, 10/5/18) Comment: It has been a difficult period for the IT players since the military took over. AMA AMA will add […]

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BANPU BANPU has budgeted Bt3.5bn to invest in Marcellus natural gas, with production capacity of 52mn cubic feet per day. It currently has six natural gas sources with total capacity of 201mn cubic feet per day. (Thun Hoon, 13/12/17) EGCO EGCO says it has successfully obtained loans to develop and construct Nam Theun 1 power […]

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BIZ BIZ targets 2018 revenue to grow by 10% from this year. It plans to bid for new projects, worth Bt800mn to Bt1bn, of which it expects to receive 50%. It reports backlog of Bt1.35bn and plans to open a new hospital specializing in cancer treatment within 2019, which it believes will raise earnings significantly. […]

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BTS BTS targets 2019-21 revenue to grow by 25-30% on average from 2017, grounded in solid gains in its skytrain, advertising and real estate businesses. It will book an extraordinary gain of Bt2bn after completing the transfer of property, which it expects to finish in March 2018 . (Thun Hoon, 21/11/17) Comment: And if more […]

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AAV AAV is entering high season in 2H17. It says the number of Chinese tourists has picked up since August, lifting its load factor to 84%. It is purchase three new airplanes and will add routes from Don Mueng to Maldives, Jaipur and Tiruchirappalli. (Thun Hoon, 3/10/17) Comment: Still the best LCC player in Thailand […]

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ANAN ANAN plans to launch three new projects worth Bt8.3bn. It targets presales of 60% of the value of the projects with a high demand outlook in BTS-attached condominiums. (Thun Hoon, 5/9/17) Comment: I do foresee a risk for all property names within the next 5 years, the average age of the population in Thailand […]

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ADVANC ADVANC maintains 2017 revenue growth target of 4-5%. It plans to be a leader in data services in 2H17 by increasing 4G customers to reach 40-50% of its customer base of 40.5mn. It also plans to expand home internet. (Khao Hoon, 17/8/17) AOT AOT to pay rental to Treasury Department at 4% of ROA […]

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DEMCO DEMCO plans to join auctions in 2H17. It currently has Bt4.045bn backlog and is going to book revenue from phase 1 of the sale of water in Laos. (Khao Hoon, 16/8/17) Comment: The 2 same questions remain for Demco, when will the foundations finally be finished and when will WEH finally IPO?   EPG […]

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AOT Treasury Department has asked AOT to provide a figure for the amount of commercial space it has and submit this within two days. For the new rental agreement, it is proposing to charge 5% ROA for commercial area in Suvarnabhumi airport. (Khao Hoon, 14/7/17) CPALL CPALL is planning to add 212 stores and targets […]

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AOT AOT denies giving special treatment to King Power and is ready to explain to the court on July 25 . (Kao Hoon, 07/07/2017) BANPU BANPU confirms that the flood in China won’t impact sales volume and will actually help increase demand for coal to replace hydropower that is lost. The company expects sales volume […]

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