AMA AMA targets 2018 revenue to grow by 30%, as it plans to add two more ships and 30 trucks in response to the growth in the industry. It believes 4Q17 results will be outstanding from high season, which will lead 2017 revenue to make new high at Bt1.5bn. (Khao Hoon, 29/11/17) ANAN ANAN says […]

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AMATA AMATA is going to budget Bt1bn to buy more land in EEC area and plans to raise utilities prices, which will lead 2018 revenue up from this year. It believes 2017 revenue will reach target after achieving Bt3.94bn revenue in 9M17. It currently has backlog of Bt1.96bn and will gradually book revenue from Thai-Chinese […]

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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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BA BA reports 3Q17 loss of Bt157.28mn, on a fall in average revenue per passenger of 10.1% from intense competition in the industry. (Thun Hoon, 17/11/17) Comment: Every airline posted another quarter of poor earnings, but if oil goes the way I think (i.e. down), every player should be benefit BR BR plans to expand […]

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BEAUTY BEAUTY targets 2018 revenue growth of 20% from 2017 to Bt3.1bn. It also plans to further expand its business overseas, with plans finalized by the beginning of 2018. It reports 3Q17 earnings of Bt348.20mn, growing by 65.61%, on higher sales and margin. (Thun Hoon, 14/11/17) Comment: Just astounding #’s FSMART FSMART reports 9M17 earnings […]

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COM7 COM7 reported 3Q17 earnings of Bt150mn, growing by 66% with revenue of Bt5.529bn, up 39.80%, backed by an increase in distribution channels and the launch of a marketing campaign. (Thun Hoon, 10/11/17) Comment: That’s impressive numbers from COM7 FTE FTE reports 3Q17 earnings of Bt40mn, up 90%. It announced a dividend of Bt0.07/share, XD […]

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AMA AMA is going to buy two ships for Bt800mn to raise its capacity to 100,000 dwt from the current 80,000 dwt. It expects revenue will grow by 30% and plans to hedge Thai baht currency risk. (Thun Hoon, 9/11/17) Comment: Only trading at 50x PE, why not. CPN CPN reports 3Q17 net profit of […]

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BBL BBL says 2018 loans will grow similar to 2017 at 4-5% in tandem with ongoing fluctuations in the world economy. It also says that the BoT deposit policy act will not affect its business. (Thun Hoon, 2/11/17) Comment: Banks seem to be signaling that the NPL issue is over. BPP BPP contracted to invest […]

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BDMS BDMS reports 3Q17 earnings of Bt2.2bn, down 4.6% YoY. It expects 4Q17 will recover in tandem with high season, which will increase the number of both international and domestic patients. (Khao Hoon, 31/10/17) Comment: Not quite accurate given that the company hasn’t announced earnings yet. EPCO EPCO says 3Q17 earnings were good, supported by […]

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DTAC DTAC reports 3Q17 net profit of Bt601mn, decreasing 8.8% with 9M17 net profit of Bt1.5782bn decreasing by 23.50%. However, it reports strong EBITDA margin of 41% as a result of adapting a digital platform to its main business. (Khao Hoon, 19/10/17) Comment: EBITDA seems to be the way people are valuing DTAC, hence the […]

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