Names today: AIT, ILINK, BKD, CHOW, DELTA, DEMCO, EASTW, EPCO, FORTH, LIT, MCS, QH, SAMCO, SUSCO
AIT cooperating with ILINK to invest in a data center. It has got a Bt600mn job which is expected to start up in 2016. It expects this to boost performance next year. It expects 2015 revenue of Bt5.2bn with Bt3.2bn work on hand. (Thun Hoon, 22/10/15)
Comment: Quite clever that these two firms are going to work together with the data center’s.
BKD expects 2016 revenue to be good on the back of Bt2.7bn backlog. It expects 2015 revenue of Bt1.3bn. (Khao Hoon, 22/10/15)
CHOW expects 2016 net profit of Bt350mn. It plans to list its subsidiary soon. 3Q15 performance is expected to grow from 2Q15 because of numerous orders and revenue contribution from solar farm in Japan. (Thun Hoon, 22/10/15)
Comment: The expansion to Japan is will begin full contribution next year, and I am curious to see how the Thai firms GUNKUL and CHOW deal with the currency fluctuation.
Hong Kong investors are interested in DELTA shares because of its strong fundamentals and good financial status. It expects this deal to be finalized soon. It expects 2015 revenue to grow 5-10% from 2014’s Bt45bn backed by high demand and the weaker bath. (Thun Hoon, 22/10/15)
DEMCO has got a Bt2bn construction job for a private power plant which raises its backlog to Bt10bn. It expects 2015 revenue to beat its target of Bt6bn. (Thun Hoon, 22/10/15)
Comment: Again the story here is all around WEH listing next year.
EASTW expects 2015 tap water sales of 300mn cum (7% growth) because of increasing demand from the drought. It plans to list subsidiary (UU) soon. It has budgeted Bt500mn to invest in a second pipeline to support demand. It plans to acquire more wells for tap water to reserve water. (Thun Hoon, 22/10/15)
EPCO expects 20-30% revenue growth and 40-50% net profit growth next year aided by four power plants in Japan. It targets capacity of 500MW by 2018. It plans to list a subsidiary next year. (Khao Hoon, 22/10/15)
FORTH plans to bid for Bt2bn in jobs that will lift its backlog from Bt700mn. It expects 2015 revenue of Bt5bn backed by transfers and a subsidiary (FSMART). (Thun Hoon, 22/10/15)
Comment: FSMART is the darling in FORTH’s group structure
LIT expects to benefit from government stimulus, public investment and accelerated government disbursement. It expects this to lead to an increase of 30% in its loan portfolio or more than Bt1.15bn from 2014’s Bt859.04. It granted Bt1bn in loans in the first nine months of this year. (Prachachat, 22/10/15)
MCS expects 2015 revenue to be the highest in four year. It expects to show net profit in 3Q15 from 3Q14’s net loss of Bt7.45mn. It expects 4Q15 earnings to be good on the back of transfers. Its backlog is expected to accelerate, aided by orders from a Big 4 Japanese company. (Thun Hoon, 22/10/15)
Comment: Their backlog is secure for the next 4 years, no issues here.
QH has Bt9bn houses ready for transfer that qualify for property incentives. Its backlog is Bt12bn. It expects to recognize Bt3bn in 4Q15. (Khao Hoon, 22/10/15)
SAMCO expects 2015 revenue of Bt1.8bn (+50%). It expects 2H15 revenue to be good on the back of Bt750mn backlog which of Bt600mn is expected to be booked in 4Q15. (Khao Hoon, 22/10/15)
SUSCO has cash on hand of Bt442mn with Bt1.58bn retained earnings. It is confident this cash is enough for acquisition. It expects a stable 2015 revenue growth of Bt20bn. It is considering expansion. (Thun Hoon, 22/10/15)