AirAsia mulls Thai hub – AirAsia, the continent’s largest no-frills airline group, is keen to boost its position in Thailand with the relocation of its regional nerve centre from Indonesia to here. In a discussion with Prime Minister Prayut Chan-o-cha yesterday, AirAsia chief executive Tony Fernandes said the group would also like to build its own airports in Thai provinces such as Surat Thani. Furthermore, AirAsia is interested in a partnership with flag carrier Thai Airways International (THAI) to create a business synergy without equity partnership or competition, said Deputy Prime Minister Somkid Jatusripitak. AirAsia wants to strengthen its presence in Thailand, which it perceives as a gateway to Asean with significant growth potential in aviation businesses, said Mr Somkid. (Bangkok Post, 30/4/16)
Comment: It would obviously be a huge positive for AirAsia if they can pull it off here in Thailand, but would the government be willing to throw away a monopoly?

AGE expects revenue of Bt300mn from the service business. It expects to increase export portion to 30%. It is confident that 2016 revenue will grow 10% supported by coal business recovery and it has backlog of Bt200mn. (Thun Hoon, 3/5/16)
Comment: I’ve heard about a supposed recovery in coal since…2011?

Central, partner buy Big C VN for 920m euros – CENTRAL GROUP in partnership with Nguyen Kim Group yesterday announced the acquisition of Big C Vietnam from France’s Casino Group for 920 million euros (Bt36.6 billion). Central said the acquisition represented the strength of its will to keep expanding its business in Asia. “Central Group and Nguyen Kim Group have officially acquired Big C Vietnam, which has been operated for more than 18 years,” said Tos Chirathivat, CEO of Central Group. He said Big C Vietnam had 43 stores nationwide, comprising 33 hypermarkets and 10 convenience stores, and 30 shopping malls. “Total revenue in 2015 was approximately 586 million euros.” (The Nation, 30/4/16)
Comment: Boom!


DTAC urges full spectrum allocation road map – TOTAL ACCESS Communication (DTAC) has recommended that the government draw up a spectrum road map for the allocation and auction of the 700-, 850-, 1,800-, 2,300- and 2,600-megahertz bands to support affordable and universal access to fixed and mobile broadband Internet. (The Nation, 30/4/16)
Comment: Of course DTAC needs a clear roadmap, but since when has any Thai government (ex thaksin) been able to stick to a clear plan and execute it? And if there is no clear roadmap, what will happen to DTAC?

JAS expects to be a leader in broadband. It plans to expand its customer base to 3.3mn customers, especially upcountry. This will bring revenue to more than Bt21.7bn. It plans to buy 16.82% of its shares back at Bt5/share. After it buys these shares, it plans to decrease registered shares. (Kao Hoon, 3/5/16)
Comment: A rather obvious move to rid it’s balance sheet of cash in the case that the NBTC wants to send them a fine. Or perhaps we should just call this prudent capital allocation?

PK changes its strategy to strengthen. It targets revenue of Bt5.5bn within three years, supported by expanding to ASEAN, where demand is high and margin more than 20%. It is planning to expand to Cambodia, with a conclusion expected in 4Q16. (Thun Hoon, 3/5/16)

PRIN expects to launch a new project to help bring revenue to Bt2bn. It will pay a cash dividend of Bt0.05/share, payment on May 27. (Thun Hoon, 3/5/16)

SAM expects to turn around after steel price increased. It expects 2016 revenue to grow 10% to reach Bt3.5bn. It plans to increase the upcountry portion to 50%. It plans to starting exporting to neighbor country. (Thun Hoon, 3/5/16)

SCI expects to sign a construction contract in Laos worth Bt26.7-30.3bn in 2Q16. This will bring its backlog to Bt1.1bn. It expects to increase revenue from abroad to 50% next year. (Kao Hoon, 3/5/16)
Comment: It would be a major coup if they pull off this contract.

Last chance to get cash dividend of Bt0.050279/share before XD date on May 4. It sets target revenue of Bt3.5bn or growth of 20%. It plans to book solar farm revenue of Bt40-50mn this year. (Kao Hoon, 3/5/16)

SPALI expects 2Q16 to continue to grow. It plans to launch 11 projects total worth Bt8bn. In 1Q16, presales grew 50% to reach Bt5bn. It expects 2016 revenue of more than Bt22bn supported by its backlog of Bt38bn, of which will book Bt17bn in 2016. (Kao Hoon, 3/5/16)

SUPER is confident that 2016 earnings will grow. At the end of April, it sold electricity of 621.95MW. This will bring average revenue of Bt8.5-9mn per MW. It sets target to sell 1,000MW by the end of 2016. It plans to invest abroad. (Kao Hoon, 3/5/16)
Comment: I do wonder how are they able to execute and launch their plants faster than any other company out there. Either the rest are incredibly incompetent (ex spcg) or super really are experts in the field or no comment

TOG expects 2Q16 revenue to grow 8% supported by revenue from selling lenses in the USA. It targets revenue growth of 10% in 2016, driven by sales in the USA and ASEAN. It has budgeted Bt300mn to buy machinery and expand personal lens production factory. (Kao Hoon, 3/5/16)

  1. DTAC is in a very vulnerable position. Imagine in 2018 what DTAC’s spectrum bids will be. They essentially are bidding for survival. AIS and True could drive up the spectrum price knowing DTAC can’t afford to lose.

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