AH expects 2018 revenue growth of 5% supported by the uptrend in the automotive industry. It expects to produce 2.08mn cars this year. It has budgeted Bt1.8bn to improve production and purchase robotic machines. (Kao Hoon, 30/8/18)
Comment: Still am curious to see how their expansions into India and Vietnam play out. On paper it sounds great, in reality it is yet to be seen.
BCP expects 2018 EBITDA to be flat YoY at Bt13bn. 1H18 EBITDA was Bt6.36bn. It expects 2018 refinery production of 120k bbl/day after a refinery maintenance shutdown in 2Q18. It expects to book revenue of US$20mn from Garot oil field in the Philippines in 3Q18 (Thun Hoon, 30/8/18)
BSM expects revenue contribution from real estate to rise to 50% from 15%. It plans to launch one condominium every quarter and will launch a condominium worth Bt380mn in 4Q18. It is studying to acquire hotels in Bangkok. (Thun Hoon, 30/8/18)
Comment: They have an amazing project going on at Black Mountain Hua Hin.
HARN expects 2H18 results to be good, supported by high season. It expects to be awarded Bt7080mn in projects in 3Q18. Backlog is Bt386mn and 60-70% of its backlog will be booked as revenue through the end of this year. It targets revenue of Bt1.42bn this year. It has budgeted Bt150mn to set up a warehouse which it expects to reach completion in 2Q19 (Thun Hoon, 30/8/18)
HPT expects 2H18 results to grow HoH supported by high season. It plans to raise sale price by 35% to handle THB fluctuation. Backlog is Bt40mn and it expects to book backlog as revenue in two months. It targets revenue growth of 10% this year. (Thun Hoon, 30/8/18)
LIT has made a profit for four years and expects earnings to be a record high this year. It targets revenue to grow more than 20%YoY as it expects to provide loans for government agencies. It expects loans to reach Bt13bn this year after lending Bt5.1bn in 1H18. (Thun Hoon, 30/8/18)
Comment: It’s always been a rather consistent little company, and liquidity is just urgh…
PACE’s board approved private placement of 500mn shares to Asia Alpha Equity Fund 2 at Bt0.58/share, bringing in Bt290mn. It sold Dean and Deluca franchise in China to Kinghill, a CP subsidiary. Kinghill is interested in acquiring 49% of Dean and Deluca Asia subsidiary and expects to add 500 branches in China in five years. (Kao Hoon, 30/8/18)
Comment: So they will just be diluted and diluted and diluted. I suppose at one point there will be value in this name
SUPER says ICBC bank has provided loan of Bt307mn to its subsidiary to set up two solar farm projects in an agricultural cooperative and government agricultural offices. The projects have a total capacity of 9MW and they are expected to start commercial operations this year. It expects to receive Bt54mn revenue per year from the projects. (Kao Hoon, 30/8/18)
Comment: And where is this infrastructure fund?
TVD expects 2H18 results to be good supported by recovery in purchasing power. Sales distribution through Spring News Channel beat its target and subsidiary LMD has turned around. It targets online sales to reach Bt300-400mn and expects revenue growth of 17% to Bt3.99bn this year. It expects a turnaround this year. (Kao Hoon, 30/8/18)
Comment: The day they consolidated all the different businesses into one clear organised corporation, is the day it will finally be interesting
UV expects revenue to reach Bt21.2bn. Backlog is Bt7.6bn, of which Bt3bn will be booked as revenue in 4Q18. It plans to launch 12 property projects this year. It has budgeted Bt600mn to build a hotel in Buriram, which will open in October. The new hotel is expected to generate Bt100mn revenue in FY2018. (Thun Hoon, 30/8/18)