BEM BEM is confident that the second phase of the Blue Line extension will open in September 2019 and the third phase will open in 2020. It will ask for a renewal of the second-stage expressway concession in mid-2019. It expects expressway revenue growth of 2% and MRTS revenue of 7% next year, excluding the […]

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BBL BBL has budgeted Bt200mn to invest in “Thai Payment Network”, increasing its shares to 69.08%. It targets to expand business as the country moves towards a cashless society. (Thun Hoon, 19/9/18) BEAUTY A mutual fund in the US is interested in BEAUTY due to its strong fundamentals and good future. It expects some good […]

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ADB ADB expects demand for plastic resin and adhesive sealant to increase in 2H18. it is developing innovative products to add a new “green product” line which is eco-friendly. It believes the new products will be preferred by customers and widen its gross margin. The company is also improving the formulation of products to shield […]

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ACAP ACAPs share price has increased 31.66% over July 10-16. Management says that all is proceeding as planned, with a target of loan extensions of Bt5bn this year. It already loaned Bt3.8bn in 1H18 and expects 2H18 to be better than 1H18. It is preparing to list its subsidiary on mai. (Thun Hoon, 18/7/18) AKR […]

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Potential Changes to the SET50 and SET100 These names have not been confirmed yet but brokers are expecting that these will be the changes. SET50 Expected Additions: BGRIM, DELTA, ESSO, KTC, RATCH Expected Deletions: BCP, KCE, PSH, TPIPP, WHA SET100 Expected Additions: BLA, ERW, MBK, PRM, PTL, RS, THANI, VGI Expected Deletions: ANAN, BA, BIG, […]

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ANAN ANAN had transfers of Bt3.84bn (+72%) and sales of Bt6.685bn (+51%). It maintains its 2018 transfer target of Bt38bn (+152%). It has Bt53.6bn of backlog. (Thun Hoon, 11/5/18) Comment: But the hangover of Ashton Asoke is going to cap upside regardless of how well the company is performing CHEWA CHEWA had net profit of […]

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BAY BAY targets corporate loans and deposits to grow by 6-8% this year in tandem with projected GDP growth of 4%. It targets SME loan growth of 14% in 2018 and expects this growth to reach 20% in three years. It says its NPLs remain low compared to peers and views the establishment of banking […]

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CBG CBG targets 2018 revenue to grow by at least 20% from both domestic and overseas markets. It plans to focus on the UK and China and penetrate into Europe this year, as it aims to become a global brand. It is going to negotiate with entities in France, Germany and Switzerland and expects finalization […]

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AP AP is changing its strategy to focus on developing middle and high-end condominiums via a joint venture. It plans to launch 30-35 projects within this year and reports backlog of Bt52bn, which will be steadily booked as revenue. (Thun Hoon, 12/1/18) BCP BCP has budgeted Bt10bn to improve refinery production efficiency to provide higher […]

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CPT CPT plans to budget Bt270mn to build A new factory and offices overseas. It targets 2018 revenue growth of 10% from this year as it has a lot of new projects in the pipeline and plans to get new projects worth Bt2.5bn, to raise backlog from the current Bt500mn. It is going to request […]

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