ADB ups production capacity of med-grade plastic compounds by 50% to fill demand from healthcare and capture wider margins.

AGE target FY22 coal sales volume >6.5m tons, revenue >Bt15b, 3 new business including industrial boiler installation, cargo warehouse & logistic expected to materialize this year, mulls tap in power business.

Comment: Coal isn’t finished.

CPANEL target 25% FY22 revenue growth driven by demand for precast concrete for infra expansion in EEC area, tailwind from improved property market on easing LTV curb, 2nd plant to begin construction 2Q22, target completion by end of 3Q23 lifts capacity to 1.4m sq.m pa from current 720k sq.m.

DEMCO sets 10-15% revenue growth target this year, to realize Bt4,280m backlog over next 2 years, sees public project bidding slowing down in 1Q, but to pick up again in 2Q, with plan to bid for EGAT’s sub-station projects worth Bt10b and PEA’s Bt7b p.a..

Comment: Sound like I’m beating a dead drum here, but basically its up to their shareholding in WEH which seems like a dead dog at the moment as an IPO possibility, but is paying out great dividends and is the only reason that Demco is profitable.

LH sets Bt33b revenue and Bt31b pre-sales target this year, plans 15 new projects worth Bt29,520m, a 50% rise yoy, mulls selling US apartment.

OSP appointed by Koikeya to distribute JPN potato & corn snacks in Thailand.

RT reaffirms 40% FY22 revenue growth target supported by Bt6b outstanding backlog, expects to secure dam construction projects in Laos & dual rail projects (Denchai-Chiang Rai-Chiang Khong) this year.

SAK sees healthy demand for agricultural loans, target FY22 loanbook +25-30% yoy above Bt11.5b, aims to curb NPLs within 2-2.5%, will expand mortgage business to increase secured loan portfolio.

Comment: Again, anything non-bank financial services are doing incredibly well.

SSP will wrap up 1 renewable power M&A in 1Q22 and another one in 2H, sees earnings upside from 9.64% holding in solar business, Nova Empire.

TU: SSO cuts holding by 0.0644% to 4.9501% of total outstanding on Tuesday (Jan 12).

UTP: local fund, KSAM, raised holding by 0.1283% to 5.096% of total outstanding on Monday (Jan 10).

  1. Pradej has completely eliminated the KPN influence in WEH at both the board level and executive level. If he can work his magic a 3rd time like he did with Demco and Super then I think Demco will rise again. I’ve accumulated back what I’d sold at 2 baht less per share, I see some value here in the mid 3 baht range.

    • Agreed. Cheap as chips. Rubbish management, they should just shut down the core business, sell off their land assets and live off the dividends from WEH. Would immediately 2-3x the value of the company.

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