ASIMAR to show strong 3Q15 after booking two big projects. More potential growth stories include: ship maintenance backlog, Bt600mn tugboat project (to open for bidding in Oct 2015) by the Port Authority of Thailand, multi-million baht projects for the Department of Public Works and Town & Country Planning and potential offshore projects for PTT. (Thun Hoon, 26/10/15)
BIG’s shareholders approved par reduction to wipe out accumulated losses worth Bt150mn, clearing the path for dividend payout in the future, and restructuring its business for more flexibility and growth. The company maintains its 2015 growth target at 10% with margin above 20%. (Than Settakij, 16/10/15)
Comment: We still have our doubts on this businesses ability to compete versus smart phones.
MRTA board chooses BMCL for the Blue Line extension. The decision will be submitted to the Ministry of Transport for approval before starting the PPP process. (Khao Hoon, 26/10/15)
Comment: No surprise here.
DEMCO backlog increases to Bt8.8bn after securing 12 more power plant projects from Toyo Engineering worth more than Bt2bn. The construction of the first facility will begin in November 2015. (Khao Hoon, 26/10/2015)
Comment: And they will continue to win backlogs as this part of their forte, but the kicker still comes from WEH
EPCO expects to list subsidiary “Bo-Ploy Solar” in 2016. It plans to submit its filing at the end of this year. Its existing power capacity is 65MW, 48 MW is in the process of construction (in Japan). It plans to bid for 50MW solar for communities. (Thun Hoon, 26/10/15)
FIRE expects 2015 revenue to grow more than 5% lifted by the high season in 4Q15. Its backlog is Bt300mn, of which 50% is expected to be booked by this year. It targets revenue of Bt1bn in 2018. (Khao Hoon, 16/10/15)
MFEC expects to benefit from the digital economy, 4G, and moving cables underground. It expects government disbursement to support its performance. It expects to get huge projects that will raise revenue and net profit. (Thun Hoon, 26/10/15)
Comment: A B (or F) grade version of AIT.
PS has Bt54.67bn in finished houses that qualify for property incentives. It expects 4Q15 earnings to be the best aided by Bt16.5bn transfers. It expects 2015 revenue of Bt47bn. (Khao Hoon, 26/10/15)
PTT plans to open an integrated gas station in Cambodia with a concept of “PTT Life Station”. It targets to achieve 70 gas stations by 2020. (Khao Hoon, 16/10/15)
PTTEP reported 3Q15 net loss of Bt46.21bn sunk by US$1.385bn impairment and a fall in gas price to US$44.55. It reported a net loss of Bt36.28bn for the first nine months of this year. (Khao Hoon, 26/10/15)
Comment: They dumped everything into the kitchen sink with this one. Perhaps it’s the last horrible performing quarter?
PYLON plans to bid for Bt1bn in projects, and expects to get 25% of this. It expects 4Q15 performance to be good thanks to Bt870mn backlog. It expects this backlog to contribute revenue from 4Q15 onward. It targets public projects to comprise 60%. (Thun Hoon, 26/10/15)
TSE is talking to 7-8 cooperatives to invest in solar farms. It expects to get PPAs for 50% of the bids. It expects to sign an MoU with a Japanese partner in November to expand its capacity to 200MW. (Bangkokbiznews, 26/10/15)
UV expects 2015 revenue to reach Bt13.5bn (+48%) aided by transfers. It plans to launch a marketing campaign to raise its sales in the remainder of the year. (Thun Hoon, 26/10/15)