ADVANC is the number 1 candidate for 4G auction. It expects 2Q15 earnings of Bt9.2bn (9% growth). ADVANC is a high dividend stock compared to its peers. (Thun Hoon, 30/06/15)
Comment: ADVANC needs the 4G spectrum more than any other operator out there.
AOT is budgeting Bt13-14bn to developing Suvarnabhumi and Don Mueng airports which is expected to be done by 2020. It expects 120mn passengers per year. (Thun Hoon, 30/06/15)
Comment: Despite everything that has happened in the last 12 months (or decade for the matter!) Thailand’s tourism numbers still continue to grow and the potential is still there with Chinese tourists likely to increase 3-4x over the coming years.
BKD got two projects worth Bt848mn and expects to get a Bt1bn job in Cambodia which will raise backlog from Bt1.6bn to Bt3.45bn in 3Q15. (Khao Hoon, 30/06/15)
BJCHI will conduct a roadshow in Hong Kong, Japan, and Singapore. It targets 15% revenue growth this year backed by Bt7.5bn backlog. (Thun Hoon, 30/06/15)
Comment: Still a solidly run company
CCP expects to benefit from government infrastructure investment, especially from dual tracks and high speed train running across the east and northeast. It expect these projects to be put up for bid in 4Q15 and construction to start up next year. (Thun Hoon, 30/06/15)
CHG expects to report better earnings in 2Q15 than in 2Q14, although this quarter is a low season. It expects 15-20% revenue growth this year as it is treating more complicated and chronic diseases. (Khao Hoon, 30/06/15)
CHO got a job from Malaysia worth Bt71mn. It expects to sign a Bt1.74bn contract for 489 NGV buses soon, which is expected to increase revenue to Bt3bn this year. (Khao Hoon, 30/06/15)
DTAC has signed a contract with Trip Advisor as a business partner to serve tourists by offering an internet package covering over 13 countries for prepaid clients and over 60 countries for postpaid clients. (Khao Hoon, 30/06/15)
ECF to join with FPI to invest in 100MW biomass power plant. It expects to book revenue in 2016. (Thun Hoon, 30/06/15)
Comment: A 100 MW biomass project? With their small balance sheet? Cap increase/PP/something coming? Or are they just going to take a 1% stake in this?
GUNKUL expects 60% revenue growth this year. It is confident its capacity will increase to 500MW by 2017. It expects IRR of 10-15% from wind energy and solar farm. (Khao Hoon, 30/06/15)
Comment: This comes from a combination of their investments + construction works
ILINK plans to revise up 2015 revenue to Bt3bn on Bt284mn in orders that are expected to contribute revenue from 3Q15. It expects 2Q15 earnings and net profit to grow 20-30%. ILINK will be moved to trade on the SET in August. (Khao Hoon, 30/06/15)
Comment: A company well positioned to take advantage of the shift in technology that we all use today.
2H15 profit is expected to surge thanks to an increase in ads. It expects 2015 revenue to grow 20% from last year aided by a solid growth in customer base. It budgets Bt500mn to invest more in out-of-home media. It is looking for a partner to broaden its customer base. (Thun Hoon, 30/06/15)
MINT plans to set up a subsidiary to handle franchises for The Pizza Company brand in Saudi Arabia. (Thun Hoon, 30/06/15)
SUPER and a Japanese partner plan to invest in a 300MW power plant, worth Bt27bn which is expected to be concluded in 2017. SUPER plans to take over another alternative energy business. It expects 2016 revenue to rise to Bt4.5bn. (Thun Hoon, 30/06/15)
2Q15 sales are expected to grow 50% from 1Q15 benefitting from return to normal capacity. It targets revenue of US$290mn this year. It plans to book Bt1.2bn compensation this year. (Thun Hoon, 30/06/15)
Comment: Their plant caught fire last year and this is the recovery of it.
TGCI plans to invest in alternative energy and EPC business. It plans to ask for a license to produce and distribute tap water to diversify its revenue. It budgets Bt500mn to invest in industrial estate phase 2. Foreign buyers are interested in 157 rai of land worth Bt600mn; it expects to sign the contract soon. (Thun Hoon, 30/06/15)
TPCH expects to report 2Q15 net profit of Bt14nm (180% growth). It expects the power plant at Nakorn Sawan to start up in July. (Khao Hoon, 30/06/15)
Comment: Well from a small base yes the %’s look great and upcoming projects going online real potential is can TPCH get more PPA’s given their strong base.
Subsidiary TVD Shop has launched a new promotion to celebrate its 1 year anniversary. Management believes 2H15 sales will grow 20%. (Thun Hoon, 30/06/15)
TVT plans to acquire 2-3 media companies which are expected to be finalized next year. It revised up revenue growth from 15% to 20-25% this year. (Thun Hoon, 30/06/15)
UAC plans to spend Bt300mn to buy an alternative energy business this week and expects to acquire more via M&A. It expects 2015 revenue of Bt1.5bn. (Thun Hoon, 30/06/15)
Comment: That is quite a step for UAC to be engaged in M&A