ACAP expects 1Q16 net profit to back to black and stay there for the remainder of this year. It expects to wipe out retained losses this year. It expects to make a decision on the credit card business with foreign partners by mid-2016. (Khao Hoon, 21/03/16)
Comment: Given that the credit card business is already well and truly saturated in Bangkok, I don’t see how ACAP can make a dent in it.

BAFS is budgeting Bt8bn to invest in an oil pipeline in the north, expects this to handle 14,000mn liters oil by 2019. It expects 2016 revenue to grow not less than 11%. It targets fuel demand for aviation to grow 6-7%. It is considering investing in the resort business. (Thun Hoon, 21/03/16)
Comment: BAFS aim here is to effectively act as the owner and collect a fee from the amount of oil transported through the pipeline, an oil highway if you will.

CFRESH expects 2016 revenue to grow 10-15% brought by orders from the US and Japan. It expects gross margin to improve from last year to 13-14% after its customers in Europe increased orders. Its subsidiary abroad is having lower net losses after a business restructuring. (Thun Hoon, 21/03/16)

CHOW expects the steel industry to recover because it got Bt1.6bn in orders. It expects to benefit from a 30% increase in steel price. It expects 80MW power business to contribute revenue of Bt1.2bn. (Thun Hoon, 21/03/16)
Comment: They’ve been incredibly active on the power front trying to buy plants and investing in Japan

EPG expects sales from ASEAN to comprise 10% from 5%. It expects this to increase its exports to 70%. (Thun Hoon, 21/03/16)

IRPC says UHV projects are already running. It expects this to increase GIM by US$1-2. It expects market GIM to reach US$12 this year. It expects to book stock gain from oil price recovery. (Khao Hoon, 21/03/16)

JUBILE targets 2016 revenue growth of 10-15% with net margin of 12-13%. It plans to open five branches. It is budgeting 7-10% of revenue for marketing, launching new products. It expects the Forever Mark brand to raise its sales and profit margin. (Khao Hoon, 21/03/16)

KBANK expects to make no extra provisions in 1Q16 as NPLs are in line with expectations. It targets loan growth of 5-7% this year, led by corporate loans. (Khao Hoon, 21/03/16)
Comment: This is arguably a play for this year for most names in the banking sector, they all took high provisions last year so don’t be surprised to see great “Earnings” growth in 2016

LOXLEY is talking to a prospective Japanese partner to invest in its plants. It plans to implement cost control. It targets 2016 revenue to grow 25-30% from last year’s Bt11.7bn on the back of numerous orders. (Thun Hoon, 21/03/16)

LPH is budgeting Bt150mn to invest in a care center for the elderly which is expected to finalize in 1Q16. It expects 2016 revenue to grow 15% from last year’s Bt100.45mn aided by increasing patients. (Thun Hoon, 21/03/16)

SAM expects to show a net profit in 2016 with better average gross margin compared to last year at 8-10% thanks to recovery in steel demand. It targets 2016 revenue growth of 30%. It plans to expand abroad, focusing on neighboring countries. (Thun Hoon, 21/03/16)

TFG expects to show a net profit this year with 15% growth in revenue. It plans to expand its chicken sausage plant. It plans to expand to Japan and Europe in 2Q16. It plans to issue a Bt2bn debenture and allocate warrants at a ratio 10:1. (Khao Hoon, 21/03/16)

TSR expects 2016 net profit to mark a record high with revenue of Bt2bn (30% growth). It is budgeting Bt45-47mn for plant expansion and opening 5-7 new branches. It plans to become a distributor of two more products soon. It plans to invest in Laos in 2Q16. It plans to issue Bt500mn debenture. It expects 1Q16 earnings to be good. (Thun Hoon, 21/03/16)
Comment: And their numbers continue to perform, but they are going to do a stock dividend in May…never liked such a strategy to increase “liquidity” nor “equity”

Local and foreign investors are interested in partnering with TWPC. It plans to grow via takeovers, M&A, production expansion and launching new products. It targets 2016 revenue growth of 10%. It expects 1Q16 earnings to peak on the back of numerous orders from China and Taiwan on seasonality. (Thun Hoon, 21/03/16)

UAC will take over power plants from RATCH after its board approved the purchase of two power plants. It expects to book Bt40-50mn revenue in 2Q16. It expects this deal to complete by April 1, 2016. (Thun Hoon, 21/03/16)

XO targets 2016 revenue to grow 15% from full utilization of its new plants. It expects 1Q16 earnings to be good on numerous orders. It expects a new plant to start up in 3Q16, doubling its capacity. It plans to use funds from the capital increase for an M&A. (Thun Hoon, 21/03/16)
Comment: I do wonder about their capability to compete in what is a rather dense market.

      • How is the Govt laughing? They just lost out on 76 Billion baht of revenue.

        True are major losers in this despite what some vested analysts say (SCB). They will have just shy of 8 Billion baht of amortization expense and interest hitting the books for the next 15 years.

        • Arguably every player is a loser b/c of the lost opportunity to get the spectrum @ a decent price and now having to utilise a tremendous amount of capex which wouldn’t have been necessary if the bidding war didn’t get out of hand.

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.