ADVANC has budgeted Bt2bn to upgrade 4G client services. It targets expanding to 121 branches by the end of 2016. (Kao Hoon, 29/03/16)
AJD work with Alibaba to service Alibaba members in Thailand. It sets member target at 5,000 members or revenue of Bt250mn in 2016. (Thun Hoon, 29/03/16)
ARROW expects 2016 profit to be a new high. It is confident that revenue will reach Bt1.4bn. It expects 1Q16 earnings to be good supported by more sales, its backlog of Bt250mn and bids for government jobs. (Kao Hoon, 29/03/16)
Comment: And they continue and continue to grow and grow, at what point do they need to increase capacity to maintain this path?
BRR expects revenue and profit in 2016 to grow, driven by rising in sugar price. It expects to get 2.2mn tons of sugar cane and book full-year revenue from its biomass power plant. It expects to increase power plant revenue to 20%. (Kao Hoon, 29/03/16)
Comment: Sugar prices have rebounded from 10 to ~14 now so would 1Q-2Q should begin to look decent for all the sugar names in Thailand compared to last year.
IEC expects to turnaround in 2016. It sets profit target at Bt161mn backed by the startup of its plastic recycle factory in 2Q16. (Kao Hoon, 29/03/16)
LST expects to expand its high margin product. It targets 2016 revenue of more than Bt8bn supported by increase in selling price. It expects to set up a new production line in 3Q16 to increase its capacity. (Thun Hoon, 29/03/16)
MACO expects 2016 profit will be a new high. It expects 2016 revenue of more than Bt900mn supported by new advertising area of 20,000 sqm. It plans to keep at least 20% of its shares in the VGI tender. (Kao Hoon, 29/03/16)
Comment: Well it does appear that the founders are happy to have pocketed some cash and not grow the business as well as they should have done.
NPP expects 2016 revenue of more than Bt1bn, supported by booking revenue from its food business. It has budgeted Bt300mn to acquire two food and beverage businesses in Thailand. It expects to conclude this deal in 2H16. (Kao Hoon, 29/03/16)
NWR is confident that 2016 will be a turnaround supported by booking more extra items. It targets revenue growth of 10-15%, backed by backlog on hand of Bt14bn. It plans to bid for jobs worth Bt30bn and expects to get no less than Bt7bn of these. It plans to diversify its business and expects to provide more details soon. (Thun Hoon, 29/03/16)
Comment: Still rather trading at a rather expensive multiple even though it is a contractor.
PF is confident that revenue in 1Q16 will hit target of Bt3.5bn, growth of 30%, supported by property stimulus package. It plans to launch 16 new projects worth Bt22bn in 2H16. It expects presales to hit its Bt16bn target. (Kao Hoon, 29/03/16)
Comment: I still wonder when are we going to see another round of capital increases by this company
PPS expects 2016 revenue of Bt300mn, growth of 25%, supported by its backlog of Bt376mn. It plans to bid for at least Bt100mn in government jobs in 2Q16. (Kao Hoon, 29/03/16)
PTT sets 2016 revenue target from oil business at Bt520bn or growth of 8% from Bt480bn in 2015. It has budgeted Bt20bn over the next five years to expand petrol stations in Thailand and abroad. It plans to invest in LPG filling stations in Laos and Cambodia. (Thun Hoon, 29/03/16)
UPS sent a subsidiary to sign a 30-year contract to buy and sell 200MW electricity with MEPE phase 2. It plans to invest Bt10.5bn. (Thun Hoon, 29/03/16)