ACD has approved the acquisition of ordinary shares of Orin for Bt195mn, including one condo under development named Origins Bangmod-Rama2 which has already 85% in construction, expects to transfer and contribute revenue by this year. (Thun Hoon, 28/08/15)
Comment: Looks like a reverse IPO for Orin into ACD
AH expects revenue to stagnant this year because of a drop in auto production to 2mn cars. It expects 2H15 performance to improve backed by new orders. (Khao Hoon, 28/08/15)
Comment: It’s been a dog since they took over KPN’s automotive manufacturing business
AQ expects no impact from KTB case as the value of its collateral exceeds the Bt10bn awarded by the court. Management says it plans to open three new projects. (Thun Hoon, 28/08/15)
Comment: Quite the scandal here.
ASEFA expects 2H15 revenue to be better than 1H15. Its backlog is Bt1.5bn and Bt1bn is expected to be booked this year. It is confident 2015 revenue will achieve 20-25% target growth. (Khao Hoon, 28/08/15)
BR expects 2H15 sales to be higher than 1H15 aided by seasonality. It expects revenue to achieve 5-10% growth as targeted with 9% net margin. It has budgeted Bt1.35-1.4bn for a threeyear investment plan. (Khao Hoon, 28/08/15)
BSM expects to conclude an investment plan in 4Q15. It plans to broaden its customer base via a business partner. It targets 2015 revenue of Bt600mn (+20%). It plans to expand abroad. (Thun Hoon, 28/08/15)
CK expects 2015 revenue of Bt40bn backed by Bt80bn projects on hand which it expects to provide a steady source of revenue. It plans to fill backlog by bidding for both private and public projects. It expects to finish the merger of BECL and BMCL this year. (Thun Hoon, 28/08/15)
CPALL had a big lot deal for CPALL-F with average price at Bt49.97 for a total of Bt1.5bn. CPALL shares numbering 200,000 were sold as a big lot at an average price of Bt48.66. (Post Today, 28/08/15)
Comment: Still the main story for CPALL is the potential sales of MAKRO shares and the downpayment of debt to boost CPALL’s earnings
FER has approved a subsidiary capital increase of Bt90mn to bring registered capital to Bt100bn. It plans to change company’s name to Ferrum Energy. It plans to focus on the power business to where it contributes 50% of total revenue. (Thun Hoon, 28/08/15)
FOCUS plans to launch Focus Ploenchit condominium in Malaysia after a good response in Hong Kong and Singapore. It expects to show a net profit this year. It backlog is Bt300-400mn, of which 50% is expected to be booked this year. (Thun Hoon, 28/08/15)
Comment: It does say something about the attractiveness of the property market in Bangkok when even small developers like FOCUS can utilise brokers throughout the region.
GPSC plans to invest in phase 1 of a power plant in the amount of Bt4bn with power capacity of 45MW and steam capacity of 70 tph. (Thun Hoon, 28/08/15)
ICHI expects 2015 revenue of Bt7.5bn by implementing four marketing campaigns. It will pay a dividend of Bt0.25/share, payment on September 11. (Thun Hoon, 28/08/15)
Comment: No new news re indonesia?
LPN achieved Bt10bn in revenue in the first seven months of 2015. Its backlog is Bt18.7bn, and expects to book Bt8.7bn this year. It plans to open five projects valued at Bt10bn in 2H15. (Khao Hoon, 28/08/15)
PDI is talking to a prospective partner in Europe to invest in recycled products, expected to be finalized in September. It has budgeted Bt1bn to invest in a 9.5MW biomass power plant in 4Q15. It targets zinc sales of 75,000 ton. (Thun Hoon, 28/08/15)
PREB expects 2H15 performance to be better on the back of Bt8bn in backlog. It expects 2016 revenue of Bt516mn. (Khao Hoon, 28/08/15)
PRIN expects to finish buying KPN shares by September. It expects this to lift 2015 revenue to Bt5bn. It plans to introduce a Bt2bn new project. (Thun Hoon, 28/08/15)
SINGER expects 2H15 revenue to be better than 1H15 on the back of government stimulus measures. It targets 2015 revenue to grow 5-10%. It expects to achieve 170,000 in loans with controlled NPLs of 6%. (Khao Hoon, 28/08/15)
Comment: Other than Singer being a well managed company, isn’t the government’s scheme of providing interest free loans to the rural areas, which will then buy products on expensive interest rates a rather…scary scheme?
SVOA is ready for upcoming IT bids. It expects 2015 performance to be good after reporting net profit of Bt75.4mn in 1H15, beating profit for the whole of 2014. It has no plans for stock repurchase although the stock price is lower than its book value of Bt1.9/share. (Thun Hoon, 28/08/15)
TLUXE has issued a bill of exchange (B/E) not exceeding Bt170mn, interest rate of 4.25% p.a. to support the business expansion of a subsidiary. It expects 2015 performance to turn back from 2014’s net loss of Bt10.66mn aided by numerous orders, including OEM from Nutrix. (Thun Hoon, 28/08/15)
WORK expects 2015 net profit of Bt270mn (+900%) benefitting from trend up in digital TV and the highest growth in ad rate of all players. (Khao Hoon, 28/08/15)
Comment: W/o a doubt still a winner in the digital TV scheme