ACAP posted 2Q17 earnings of Bt91mn with revenue of Bt190mn, growth of 239% YoY, driven by more demand for business expansion loans. (Thun Hoon, 18/8/17)
Comment: Something positive has happened over at ACAP in the past 12 months, performance seems to be far better and the share price is reflecting that…
BA signals outstanding 3Q17 earnings, driven by high season and European tourists coming to Samui. It plans to negotiate with more partners. (Thun Hoo n, 18/8/17)
LOXLEY is ready for two auctions of government projects worth Bt20bn. It is going to book 59% of revenue in 2H17 from its current backlog worth Bt11.9bn. The online lottery conflict is expected to be finalized within one year. (Thun Hoon, 18/8/17)
Comment: Would be a good move if the government is finally moving ahead with the IT projects, AIT, SAMTEL, and to an extent MFEC would benefit.
MAJOR signals an outstanding 2017 performance, driven by popular movies. It targets 2017 revenue growth of 15%. It plans to invest Bt1bn to expand cinemas both domestically and internationally. (Thun Hoon, 18/8/17)
Comment: I used to believe that that cinemas would eventually die out, but this was my thinking 5 years ago and it hasn’t been the case.
MC revised down 2017 sales growth to 3%. It is going to add 15 new selling points. (Khao Hoon, 18/8/17)
Comment: Not really a surprise, 4Q16 and 1Q17 were aberrations given the current economic environment in Thailand
MTLS says its financial position is strong and that the B/E news is false. It targets 2017 loan growth of 50% with growth next year of 40%. It says current NPL ratio is 1%. (Thun Hoon, 18/8/17)
Comment: So no issues, stock price should recover and if they can really do 50% loan growth then earnings will comfortably double each year.
PACE says earnings from “Apollo” are reasonable at Bt8.23bn. (Thun Hoon, 18/8/17)
Comment: No they are not.
PTT proceeds with gas spin-off. PTT Plc, the national oil and gas conglomerate, says it is in the process of separating its gas balance sheet from PTT to spin off the business. (Bangkok Post, 18/8/17)
TASCO to expand abroad, to get in on demand from China, Indonesia, Vietnam, Malaysia and Australia. Its business plan in Philippines is expected to be finalized in 2018. (Thun Hoon, 18/8/17)