AH reported 9M16 net profit of Bt400mn, higher than the Bt313mn for the full year 2015 on the back of cost control. It is talking to a prospective partner to expand to India and China. It is studying investment in auto parts for EV cars. (Thun Hoon, 25/11/16)
ASIMAR expects 4Q16 performance to be better than the previous three quarters on the back of Bt400mn transfers for private and public projects. It opened its ship repair shipyard phase 1 at Surat Thani, which means it can handle more jobs. (Thun Hoon, 25/11/16)
BAFS expects 2017 aviation fuel sales to grow not less than 3-4%. It expects 2015 revenue to hit its target of 10%. It expects 2016 net profit to mark a record high from 2015’s Bt957.69mn. It maintains its four-year investment plan by exporting to Myanmar, Laos, and China. (Thun Hoon, 25/11/16)
Comment: A great monopoly in Thailand, if they can get those pipelines going throughout the country then it would just be amazing
BEAUTY targets 2017 revenue to grow not less than 20% from this year supported by launching new products. It is talking to a prospective partner in Philippines to support its growth. It expects this to increase exports to comprise 10% within 2020. (Thun Hoon, 25/11/16)
Comment: If business is so good why doesn’t management sell out such huge stakes? Oh yeah..a little thing called crazy valuations
BPP plans to increase its power capacity. It is budgeting US$72mn over three years in order to invest in power business both at home and abroad. It targets capacity of 2800MW within 2020. It expects to invest US$700mn more to raise capacity to 4300MW within 2025. (Thun Hoon, 25/11/16)
BIZ targets 2016 revenue to grow 50-60% thanks to Bt387mn backlog. It continues to invest in optical radiation in Cambodia; it targets exports to comprise 10% in 2019-2020. (Kao Hoon, 25/11/16)
CBG is confident that 2016 revenue will grow 15-20%. It has an aggressive plan to expand business at home and abroad. It plans to acquire businesses to support its growth. (Kao Hoon, 25/11/16)
Comment: Hmmm ok. Their performance has been as expected but the re-rating is just mindboggling.
COM7 expects 4Q16 performance to grow thanks to iPhone7 and government stimulus. It expects 2016 performance to be a record high. It says the big-log transaction (sale of 60mn shares to local institutional investors) will have no impact on management. (Thun Hoon, 25/11/16)
Comment: Another company where the owners sold out huge stakes
EKH expects to conclude its 2017 business plan soon. It targets 2017 revenue growth of 8- 10% on the back of opening specialized medical centers and cooperating with BH to expand its business. It says investors from Singapore are interested in its business. (Thun Hoon, 25/11/16)
EPG says fundamentals are strong for all three business units because of a positive outlook for construction and higher orders for packaging. It plans to expand to ASEAN and CLMV. (Thun Hoon, 25/11/16)
Comment: The benefit of declining oil prices is gone, so now with growth being high single digits, low double digits at best how will investors look at this firm?
HFT expects 4Q16 performance to recover aided by seasonality and more orders from abroad as well as higher motorcycle sales. It plans to expand to ASEAN to raise sales and margin. (Thun Hoon, 25/11/16)
HMPRO has extended its business line to “Home Pro Living” which is aimed at the “new gen” lifestyle. It expects to open its first branch at The Paseo Ladkrabang and a full branch at Terminal 21 in Nakhon Ratchasima. It targets revenue of Bt15-20mn/month. (Kao Hoon, 25/11/16)
HTECH reported substantial growth in 3Q16 net profit to Bt33.44mn, up by Bt19.44mn from last year. It expects to move to trade on the main board after finishing its capital increase. (Thun Hoon, 25/11/16)
ILINK expects 2016 performance to be a record high brought by getting new projects and Bt1bn transfers from Bt2bn backlog. It plans to take part in Bt2bn public projects and expects to get 25%. (Thun Hoon, 25/11/16)
Comment: And the listing of it’s subsidiary has helped as well.
PACE expects 2017 performance to be back to positive. It targets 2017 revenue of Bt12bn backed by Bt10bn transfers. It plans to launch two projects with total valued of Bt7bn. (Thun Hoon, 25/11/16)
Comment: Unless they do something clever their earnings will look at raimon lands i.e. an xmas tree.
PCSGH expects 2017 revenue growth of 5% from this year supported by recovery in the economy and automotive industry. It is budgeting Bt60-80mn to invest in additional 2MW solar roof top. (Kao Hoon, 25/11/16)
ROJNA expects 2016 land sales to reach its target of 500 rai on the back of backlog. It is negotiating to sell 200-300 rai more. It expects 2016 performance to slow down from last year because of lower revenue from selling electricity. It plans to COD SPP3 in mid-2017, which will increase its top line. (Thun Hoon, 25/11/16)
TAKUNI plans to take part in Bt100mn bids with the winner to be announced by the end of this year. It expects 2016 revenue to reach its target brought by robust construction and oil & gas industries. It reported 9M16 revenue of Bt1.2bn. It is working on its 2017 business plan and expects to announce it soon. (Thun Hoon, 25/11/16)
TK expects 2016 loan portfolio of Bt7.5bn, up 7%YoY. It expects 4Q16 loans growth to increase from higher motorcycle sales. It is budgeting Bt20mn for investment in 2017 to open six new branches. (Thun Hoon, 25/11/16)
TSR expects 2017 revenue growth to be higher than 2015’s Bt2bn backed by personal loans. It plans to open five branches. It is looking for a partner to expand its business in Vietnam after It plans to offer water filters in Laos by early 2017. (Kao Hoon, 25/11/16)
Comment: Bad loans killed their earnings in 2Q and 3Q this year. Apparently this will continue until 2Q17.