AH continues to search for domestic and international partners to expand its auto parts business. It plans to sell some portions of its current business to SGAH. It remains confident in this year’s revenue growth target of 5%. (Thun Hoon, 29/8/17)
Comment: An interview with AH coming soon…
BTS plans to raise fares by 1-3 baht on October 1. Ridership could drop in the immediate term, but it expects riders to return to normal in the longer term. Ridership income is expected to grow 1% this year. (Thun Hoon, 29/8/17)
Comment: It’s part of the contract for BTS to increase the ridership, now when they will increase the number of carriages depends upon the approval from the Bangkok authorities…
CENTEL expects 2017 revenue to reach Bt20bn. Hotel revenue will grow 2-3% to Bt9bn. Food and beverage revenue will grow 5-6% to Bt11bn. It plans to invest Bt2bn to expand its business in 2017. (Khao Hoon, 29/8/17)
CHO plans to expand its airline catering truck business to the US, pushing the international revenue portion to 35%. After promising 2Q17 earnings, it expects revenue growth of 10% this year, marking a profitability turnaround and clearing the Bt55mn loss carried over. Its expects to realize Bt1.04bn revenue from its current backlog of Bt2.67bn. (Thun Hoon, 29/8/17)
Comment: I’m not quite sure how they will compete in the US…
CNT sees upside risk to its 2017 revenue target based on current backlog of Bt7.4bn (of which it will realize 40% this year). It plans to join the bidding for private and public projects worth Bt40-50bn this year, expecting to win at least 10%. It is also expanding its international business, aiming to win some projects in Myanmar. (Thun Hoon, 29/8/17)
Comment: The whole sector will be moving up in terms of margins as the government projects have allowed the big boys to stop chasing smaller projects
CPN plans to sell Central Pattaya and Hilton Pattaya for Bt11.9bn to CPNRF, which will be converted to CPNREIT within this year. (Khao Hoon, 29/8/17)
Comment: Just approved yesterday, no surprises here…
EA plans to issue a Bt20bn debenture to refinance its debt. It plans to expand to ASEAN countries (Vietnam, Indonesia, the Philippines). It expects revenue growth of 27% this year from the project in Pitsanuloke. (Thun Hoon, 29/8/17)
FTE expects its income to reach a new high on backlog worth Bt450mn. It expects to win Bt100mn from bidding for several projects worth a total of Bt200mn. It plans to expand to Cambodia with a local partner. It plans to add 1-2 pp to market share per year from the current 18% share. (Thun Hoon, 29/8/17)
GPSC expects to COD an additional 377MW in 2H17 to reach 2017 target of 1.74K MW. It plans to install solar roofs at PTT gas stations, which will help it reach target of 1.92K MW by 2019. (Thun Hoon, 29/8/17)
KIAT is expanding its LNG delivery business. It has won a 5-year contract from PTT worth more than Bt100mn. (Thun Hoon, 29/8/17)
Comment: Still a great little business here.
LPH plans to use its IPO proceeds to take over one more hospital in the eastern provinces. It maintains its target growth of 15% per year. 2H17 will benefit from high season and rising social security income. (Thun Hoon, 29/8/17)
CEO will go on a road-show trip on September 11-14, expecting to showcase this year’s growth of 50% to boost investor confidence. (Khao Hoon, 29/8/17)
TAKUNI subsidiary won an infrastructure project in Ayutthaya worth more than Bt200mn, in addition to the previous project worth Bt642mn . (Thun Hoon, 29/8/17)
TMB expects to grow its high-net-worth customers, a business worth around Bt12bn. It expects to see fee income growth of 30% toward Bt3.4bn. Loans outstanding will be around Bt400bn, with NPLs at around 1.7%. (Khao Hoon, 29/8/17)
TVD chooses to go with TV-only strategy, increasing its contract to 15 TV stations. This should drive down cost by 14%. Management expects revenue of Bt3.4bn, close to last year. (Thun Hoon, 29/8/17)
Comment: So no growth, only cost reductions. Whilst I’ve like the ideas from TVD I still never liked the fact that there are multiple businesses and units with redundant staff and management across the board, and I’m not sure how this will all be streamlined effectively.
  1. Hi Pon, did you manage to attend the Demco opportunity day as it is one of your holdings?

    Can you please give a summary of the main issues? I’m trying to find some information but it hasn’t been posted yet.


Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.