A targets 2017 revenue growth of 38%. It plans to launch 11 projects worth Bt24bn. It is budgeting Bt1bn to acquire land. (Kao Hoon, 22/03/17)
Comment: Still one of the most impressive stock charts I’ve seen.
MOT confirms that there is no problem regarding the MRT Blue Line extension. The cabinet has not yet given its okay as it is waiting for comments from related departments. It expects approval next week and the contract signed with BEM in March. (Kao Hoon, 22/03/17)
COMAN’s board approved investing Bt52mn to take 51% in Synature Technology, a restaurant software operator. It has a goal of becoming a lead software developer for tourism. (Thun Hoon, 22/03/17)
CTW expects 2017 performance to be good with a conservative revenue growth target of 1015%. It expects to get projects from the new parliament building. It plans to take part in public projects. (Thun Hoon, 22/03/17)
EARTH listed subsidiary “Guangdong Energy Earth”, engaged in the coal business, on the Hong Kong Stock Exchange. It expects this will give it funds for business expansion and provide sustainable growth. It expects 2016 revenue to reach Bt30mn, up 60%, on better coal price. (Kao Hoon, 22/03/17)
Comment: Still a rather odd company despite all of this news.
FN expects 1Q17 net profit of Bt40mn, up 22%. Behind this is revenue contribution from its Ayutthaya branch. (Kao Hoon, 22/03/17)
Comment: Am still curious on their ability to eke out more #’s from their other remaining stores. Their growth seems to be secure from the opening of new branches, and then what?
NWR targets 2017 revenue growth of 10% from taking part in bidding both at home and abroad. It expects to get 10% of its total bids, which will increase its backlog from Bt15bn. It targets to grow to be in the top five contractors, with a revenue target of Bt10bn in 2018-2019. Its property business is good. It targets 2017 revenue of 800mn. ( Thun Hoon, 22/03/17)
Comment: Investors in contractors were obviously disappointed by government deciding to delay the double track projects…I’ll rant about this later..
PPS expects 2017 revenue to grow 10% to Bt330mn aided by both private and public projects. Its backlog is Bt500mn. It is looking for a partner. (Kao Hoon, 22/03/17)
PYLON expects 2017 revenue and net profit to turn around on the back of private and public projects. Its backlog is Bt500mn which is expected to be booked in this year. It plans to hold a roadshow in Singapore. (Kao Hoon, 22/03/17)
ROBINS targets 2016 sales growth of 5-6% from 2016’s Bt26bn, supported by house and international brands. It is budgeting Bt4.1bn to open three stores and renovate 44 existing stores. It targets 56 stores in 2020. (Thun Hoon, 22/03/17)
SEAFCO got three projects valued at Bt376mn. It expects to get more projects after it submitted bidding documents for Bt4-5bn. It expects 2017 revenue to be above Bt2bn. (Thun Hoon, 22/03/17)
SIAM expects 2017 performance to be good brought by a 15.17MW Japanese power plant in 3Q17-4Q17 with IRR of 10-12%. It is studying investment in other power plants with a target of 100MW within five years. It expects the furniture business to be good after it began working with producers in Australia, U.S, Europe, and The Middle East. (Thun Hoon, 22/03/17)
TPCH expects to get PPA for 200MW for biomass power plant. It plans to take part in SPP Hybrid-Firm and VSPP Semi-Firm bids. It expects to COD 200MW within 2020. It expects quarterly performance to be good in this year. It expects to complete investment in a hydropower plant in Laos within four months. (Kao Hoon , 22/03/17)
Comment: Again nothing new, just doing as they initially said 2 years ago. Key risk is the same, government delays for the bidding of new projects
TSR plans to expand to CLMV. It recently began supplying water filters in Laos. It targets sales of not less than Bt2bn. It is talking to parties in Vietnam and Myanmar to be partners and supply sustainable growth. (Thun Hoon, 22/03/17)
Comment: Main item here is watching for the NPLs/bad debts from 2016 to subside.
UPA expects 2017 performance to be good after it partnered with a Japanese company to invest in a 200MW gas power plant in Myanmar, which is expected to COD in 2025. It expects waste power plants to operate within 2020 after the government says it plans to hasten the legal process for PPA, which it expects will be concluded in mid-2017. (Thun Hoon, 22/03/17)
WICE expects to book full year revenue from SEL in Singapore this year. It expects this to support 1Q17 as well as 2017 performance. It expects 2016 revenue to grow 30% from last year. It is budgeting Bt230mn to invest in a warehouse and logistics system. (Thun Hoon, 22/03/17)
Comment: No surprises from this company. Now how will they achieve the next level of 30% growth? WICE’s and SEL’s businesses seem to be FDI growth based, it’s not as if they are able to acquire market share from their competitors. Will be curious to watch this.