ABC expects to end presales of “ABOVE Sukhumvit 39” at more than Bt2.5bn in 4Q16. (Kao Hoon, 12/10/16)
AMA is ready to submit its filing to the SEC to list on the mai and expects an IPO of 108mn shares. It plans to increase its fleet and liquid transport vehicles in Thailand and abroad. (Thun Hoon, 12/10/16)
Comment: There will be a flurry of IPO’s in the last quarter of this year.
AS will restructure its business and increase capital by 102.47mn shares as a rights offering at a ratio of 3 old shares to 1 new share, priced at Bt1. It expects this to strengthen its financials and better enable it to compete. (Kao Hoon, 12/10/16)
Comment: A sad story for what was once the leading player in the gaming industry in Thailand and the region. Just goes to highlight how changes technology can have a sudden impact on a business.
DCORP sold 25% stakes in WIND for Bt215mn. It expects to use this money to invest in power business abroad, which will give a higher return. (Thun Hoon, 12/10/16)
HTECH board approved a capital increase of not more than 39.2mn shares as a private placement to no more than 50 persons. It expects to get cash of Bt190mn. It plans to increase capacity, with completion in 2017, raising its sales by 20-25%. It plans to move to the SET. (Kao Hoon, 12/10/16)
ITEL plans to bid for network installation worth Bt600mn and expects to get Bt200mn. It expects 2016 revenue to reach target of Bt650mn, growth of 40-50%. It plans to expand abroad and is negotiating with parties in Malaysia and Myanmar. (Thun Hoon, 12/10/16)
Comment: As a friend jokes “ITEL U!”
KCM expects job completion to reach 50% and is bidding for a new project worth Bt600mn; the result will be released soon. It expects 4Q16 earnings to grow and expects 2016 revenue to be the same as 2015’s Bt567mn. It expects higher profit supported by better cost control. It plans to add 30 branches. (Thun Hoon, 12/10/16)
PS is confident that 2016 condominium presales will reach target of over Bt11bn after getting Bt9.8bn in the first nine months. It plans to launch a big project “Chapter One Eco Ratchada-Huai Khwang” with a total value of Bt5.3bn on Oct 29. (Kao Hoon, 12/10/16)
SQ plans IPO in mid-October and list on the SET at the end of this month. It will use the funds to expand . (Kao Hoon, 12/10/16)
Comment: A construction company that does the actual evacuation for mines in Thailand, and surprisingly has done ok despite it effectively only having two clients
SUSCO expects 4Q16 earnings to be outstanding because of holidays. It expects 2016 revenue growth to reach 15%. It plans to increase its customer base by active strategy. It targets 250 service stations within 2017. It plans to upgrade its service stations into one-stop service stations. ( Thun Hoon, 12/10/16)
Comment: They just can’t compete with PTG
SYNTEC’s backlog reaches a record high of Bt14.5bn. It plans to take part in 20 bids, valued at Bt16bn. It expects to book extra gain from BEM and its 55 rai of land, valued at Bt800mn. (Thun Hoon, 12/10/16)
THANI expects loan growth of not less than Bt16-17bn, up 15%, which will raise its total portfolio to Bt33bn. It expects 2016 revenue to grow 10% from last year’s Bt2.78bn. It expects 2H16 performance to be robust on seasonality. It targets NPLs of less than 4%. ( Thun Hoon, 12/10/16)
THCOM has good news from completed agreement with Infosat to service a satellite TV program via Direct-to-Home in Laos using Thaicom 8. (Kao Hoon, 12/10/16)
TU nets 25% Red Lobster stake. SET-listed Thai Union Group Plc (TU), the world’s biggest producer of canned tuna, has bought a 25% share of Red Lobster Seafood Co from Golden Gate Capital, says TU president and chief executive Thiraphong Chansiri. (Bangkok Post, 12/10/16)
Comment: The acquisition story for TU continues.