AIS is joining TCDC to build a new creative space in the heart of Bangkok named ‘AIS D.C.’ to be open to the public from July 13 at Emporium Mall 5th floor. (Kao Hoon, 5/7/17)
BRR is considering raising its revenue growth target of 30% for this year. 2Q17 is looking promising from strong forward contract prices on sugar that are higher than spot price at US$16cents/lb. The company is also looking to expand its refined sugar capacity. Plans will be finalized at the end of this year. (Thun Hoon, 5/7/17)
Comment: The share price of all the 4 listed players have been moving in tandem over the past 12 months. Would their infra fund push them above the others?
CGD is going ahead with its fully integrated real estate project worth Bt2bn in Chachoengsao to take advantage of the EEC policy after the Revenue Department said that it will exempt tax on business transfers. This project is expected to support the company in the long run. (Thun Hoon, 5/7/17)
Comment: Hmm well, they do have that four seasons project that is looking difficult to sell
CGS expects 2017 earnings to continue to grow YoY supported by Block Trade. The company aims to break into the top 10 in terms of marketing share from the current 28th place. Its IB currently has over 20 deals on hand worth Bt15bn. The company expects the SET to be range bound in 2H17 with no new catalyst. SET target by year end is 1,650. (Thun Hoon, 5/7/17)
GENCO will sign a deal with a Japanese partner to build a metal extraction plant this month. The company expects revenue growth of 30% for the year, as well as earnings recovery. It is going ahead with the RDF plant in Mat Tha Phut this September. It is also looking to bid in a 300MW SPP and VSPP hybrid. (Thun Hoon, 5/7/17)
GPSC is looking to expand its Japanese solar farm phase 2 by 15MW with expected IRR of 10%. This project is expected to be finalized end of this year. The company is also in talks with EGAT to bid for the operation of a solar power storage project in Mae Hong Son, which is be a prototype for the rest of the country. (Thun Hoon, 5/7/17)
KBANK reported it is not significantly impacted by the BoT’s new policy to tighten credit limits for personal loans and credit cards. The company holds only Bt20bn worth of loans in this segment. It also views this as a positive in reducing the risk of NPL. The company targets 4-6% loan growth YoY, supported by export and government’s projects. (Thun Hoon, 5/7/17)
KSL expects revenue growth of 10% this year. Management is going ahead with its ethanol business, expanding its capacity to 550,000 liters per day. It is also studying a biomass power plant with the potential of generating as high as 200MW. The company is also looking to list a subsidiary on the stock market. (Thun Hoon, 5/7/17)
Comment: I’m not sure that they will list this subsidiary, been hearing movements of a JV instead with one of the larger energy players in the coming months. Lets see what unfolds.
MBKET targets market share of 8% for the year with many IPOs and other deals on hand. The company is looking to utilize more technology to provide better customer service. It is also looking to invest in new businesses to diversify revenue. (Thun Hoon, 5/7/17)
Comment: Their market share has dwindled as a result of losing a massive number of people to Yuanta.
ORI is looking to turn its performance around with the transfer of its Night Bridge Sky City project worth Bt1.3bn, which will support 2Q17 performance. The company will launch five new projects in 2H17. (Thun Hoon, 5/7/17)
PACE is partnering with a major Chinese contractor “CITIC” to build a new landmark in the heart of Bangkok. CITIC will be responsible for the finances and construction aspects of the project while PACE will be in charge of the design, sales and marketing, as well as quality control. CITIC CLSA Securities will be the financial advisor for the project. (Thun Hoon, 5/7/17)
Comment: Clever move by CITIC, PACE hasn’t proven to be capable at managing finances but PACE does market well.
PTG expects performance to recover from 2Q17 onwards after marketing margin has normalized on less crude oil price volatility. Sales volume has also improved. The company is aiming for 1,800 service stations by end of this year along with 100 new Punthai Coffee shops. It hopes to list its coffee business in 2019. The company targets revenue of Bt100bn this year. (Thun Hoon, 5/7/17)
Comment: If this coffee business does take off in the same way that Amazon has for PTT group, we wouldn’t be surprised to see PTG double.
RS expects its Channel 8 to gain 4th place in ratings by the end of this year. The company’s health and beauty business, “Life Star”, is expected to grow 600%. Management reported its domestic roadshow has had a better than expected response. It is getting ready for to hit the road for Singapore, Hong Kong and America in 3Q17. (Thun Hoon, 5/7/17)
Comment: Sure but its priced in. Key value driver is still the digital tv ad rates, anything else is a bonus.