AGE signals a turnaround in coal business, aiming to broaden customer base domestically and internationally. The company expects 3Q15 earnings to be better than Bt34mn made in 1H15, with full-year targeted at Bt100mn backed by better cost control. (Thun Hoon, 25/09/15)
Comment: In theory they should only be making a margin on the logistics of coal
AUCT expects 2H15 earnings to be better than 1H15, with 2015F revenue growth targeted at 20%. (Khao Hoon, 25/09/15)
Comment: Perhaps one of the best asset light business models in Thailand today.
BLAND expects 2QFY15 to be good backed by high demand for exhibition and concert. It plans to construct an outdoor ocean park at Muang Thong Thani (150-200 rai) to serve clients at its hotels. It expects hotel to be finished in 2017, capacity of 1,200-1,300 rooms. (Thun Hoon, 25/09/15)
BROCK expects 2015 revenue to grow 10% from last year of Bt87.98mn aided by transfers. It is talking to prospective partner to invest in mega project. (Thun Hoon, 25/09/15)
EA expects 3Q15 earnings to be higher than Bt2bn. It expects 2015 revenue to grow 50% from last year backed by solar farm at Lampang. It targets capacity of 664MW in 2018. It expects to get a800MW PPA. (Thun Hoon, 25/09/15)
Comment: Nothing new here, move on.
GOLD reported its sales of Bt7.5bn. It plans to introduce more seven projects, valued Bt8bn which is expected to raise 2015 sales of Bt10bn. It expects 2015 revenue to achieve targets of Bt7bn with Bt3bn of backlog. (Khao Hoon, 25/09/15)
GUNKUL expects 3Q15 earnings to mark a record high of Bt359mn (+131.5%) which will raise 2H15 performance. It expects 2016 revenue to be contributed by new projects. It plans to operate more of wind power plant. A183mn shares of capital increase will be started to trade today. (Khao Hoon, 25/09/15)
Comment: The capital increase, as has been well documented, is to invest in projects in Japan and perhaps a few in Thailand as well
IRC expects to bid public project (tire for skytrains) when government approved. It expects 2016 revenue to grow continuously aided by recovering in auto industry. (Thun Hoon, 25/09/15)
IVL has acquired a 76% stake of an ethylene cracker located in US. It expects this to increase ethylene by 370,000 ton/year and Propylene 30,000 ton/year. (Khao Hoon, 25/09/15)
Comment: And the expansion machine continues, but what returns are they making on all these investments, is it a size & glory approach?
SCCC has expanded cement business in Cambodia. This cement plant capacity is 5,000 ton/day. It expects this to contribute a Bt300-400mn in net profit/year. (Khao Hoon, 25/09/15)
Comment: SCC has gone to Burma, SCCC has gone to Cambodia, both good moves
SIRI showed 9-month presales of Bt20bn (+200%YoY). It plans to open 10 new projects in 4Q15, valued Bt21.5bn. It expects 3Q15 revenue to be the best. (Khao Hoon, 25/09/15)
STEC has signed a new contract with Bereau of the Budget valued Bt1.617bn. It expects to be awarded by Bt13.5bn in the rest of the year. (Khao Hoon, 25/09/15)
SVI expects to show net profit of Bt2bn this year from 2014 net loss of Bt304mn. It expects revenue to be peaked in 3Q15 thanks to seasonality. It expects 2015 revenue of Bt10bn after a plant can operate normally. It expects an acquisition of Europe company to be concluded by this year. (Thun Hoon, 25/09/15)
Comment: that is mainly from the insurance it will receive not from pure operations. As for the M&A, who knows
TFD plans to acquire a 12MW waste power plant which is expected to be finalized soon. It plans to set up industrial estate in Myanmar and Vietnam for AEC. It plans to open The Harbour Residence, valued Bt2bn. It expects 2016 revenue to turn around backed by high demand on industrial estate FD phase 2 (1,800 rai). (Thun Hoon, 25/09/15) TSR TSR plans to expand customer base in Northeast by opening outlets at Ubon Ratchathani, targets to achieve 16 outlets by this year. It expects those outlets to increase 2015 sales to be over than Bt1.5bn. (Khao Hoon, 25/09/15)
TWZ expects 2015 revenue to achieve targets of Bt5bn backed by government stimulus measure, 4G auction, and seasonality. (Khao Hoon, 25/09/15)