AIT targets 2018 revenue to grow by 10% to reach Bt6bn on current backlog of Bt3bn, of which Bt2.6-2.bn will be booked as revenue in 2018. It plans to bid for new projects from both government and private sectors. (Thun Hoon, 4/1/18)
Comment: More news flow seems to be coming from ths sector, AIT hasn’t really performed well since they recapped the equity base a few years ago.
BPP has started operations of 96.5MW power plants domestically and overseas. This raises total generation capacity to 2,165MW, which will lead 2018 revenue to grow significantly. It also plans to acquire more renewable energy power plants in Japan, aiming to be a full-service energy provider. (Thun Hoon, 4/1/18)
Comment: Think the numbers from the article are incorrect, their total equity target of 1 GW
CGD expects to book Bt440mn revenue from all units of Element Srinakarin building 5 in 4Q17 after progress on the MRT Yellow Line. It also expects presales of luxury condominiums in the mixed-use project, Chao Phraya Estate, will provide 2018 revenue growth. (Khao Hoon, 4/1/18)
Comment: Rubbish rubbish and rubbish.
DEMCO reports backlog of Bt4.933bn after receiving EGAT’s equipment supply and cable construction project worth Bt501.71mn. It is going to bid for new projects from government and private sectors to supply strong revenue growth in 2018. (Khao Hoon, 4/1/18)
Comment: Same same story, wait for those foundations to be fixed – which should be done within 1H18 if there is no new rubbish such as the ALRO that popped up this time last year – and the WEH IPO which as of past reports is targeted to be done by 2Q18. That’s the best picture scenario, lets see what unfolds this year.
ETE targets 2018 revenue growth of 30% with growth at its four businesses. It is going to receive a new project worth Bt550mn and believes its business is on an uptrend. (Khao Hoon, 4/1/18)
Comment: Not to be confused with the Ice cream brand, this engineering company is newly listed and already justifying in a dream scenario for the next 5-10 years…
FTE projects 2018 revenue to grow by 20% and believes performance will be better than 2017. It is going to bid for new projects from the government. It expects to raise backlog to Bt400mn in 1Q18 and plans to maintain gross margin at 26%. It believes its business outlook is still good, even though 2017 revenue failed to hit target after delays in transfers. (Thun Hoon, 4/1/18)
GULF has started to sell electricity from its 129.90 MW power plant. It is going to start up and sell electricity from three power plants with total capacity of 400 MW. (Khao Hoon, 4/1/18)
KCE has budgeted US$4.95mn to buy more KCEA shares, its distributor in the US, which will increase its stake to 70% and cover of 50% of sales in the US from total sales. (Thun Hoon, 4/1/18)
PACE sold its first lot of 400mn shares PP to SCB priced at Bt0.51/share for a total of Bt204mn. SCB says it believes in PACE’s business and it will support Mahanakorn project to continue. It also says the rights offering is aimed at increasing PACE’s liquidity. (Khao Hoon, 4/1/18)
Comment: Says something that the bank that financed them, took them public, is now becoming an equity shareholder…left pocket right pocket? Also given the amount of capital available in the markets today, why wouldn’t a private investor go in? Because PACE is effectively bankrupt…
QTC targets 2018 electric transformer sales of Bt900mn-1bn from entry into overseas markets. It says it will book revenue from Minbu solar farm in Myanmar in 3Q18 and it is going to close the deal to acquire a new power plant. (Khao Hoon, 4/1/18)
SIMAT says 2018 earnings will turn around as it believes revenue and earnings in 2018 will grow significantly. It has received Bt119mn from PP, which it will use to fund business expansion as it is going to expand to internet for its building business.