AKR expects 2016 revenue to grow not less than 50% aided by public projects. It plans to cooperate with agricultural cooperatives to take part in government unit solar farm in April. It expects to get electricity transformer orders in May. It expects to take part in Bt6bn bids. Investors in Singapore and China are interesting to invest in solar farm if government allows doing. (Thun Hoon, 30/03/16)
GLOBAL expects 1H16 earnings to be good on high season. It expects 2016 revenue to grow 10-15% from 2014’s Bt17.4bn. It is budgeting Bt2bn to open 8 stores. (Thun Hoon, 30/03/16)
Comment: I still don’t see GLOBAL’s business performing well until there is far more infrastructure investments throughout the country and plus they still have one of the worst CF’s in the retail business in Thailand
GPSC expects 1Q16 earnings to be good on the back of IRPC Clean Power. It plans to start up the 123MW Nava Nakorn power plant in 2Q16. It targets 1,400MW capacity at the end of 2016. (Khao Hoon, 30/03/16)
IFEC expects to get a 100MW Japanese solar farm in 2Q16 after signing a letter of intent with a Japanese partner. It expects Dhara Dhevi to exit rehabilitation plan in 2Q16. (Thun Hoon, 30/03/16)
Comment: Another random LOI? How about some action instead IFEC.,
JUBILE expects 1Q16 earnings to be good driven by Forevermark. It targets revenue to grow 10-15% with 40% profit margin. (Thun Hoon, 30/03/16)
Comment: This company has been experiencing growing pains, they expanded stores tremendously in the past 6 years and then in the first 3-4 years had a decent SSSG until the last few years where they have struggled. If you believe the consumer is going to start spending $ that they don’t have they JUBILE may be one of your best bets.
LHBANK has entered into a memorandum of understanding to offer a 35.6% stake to Taiwan’s CTBC Bank in a deal worth Bt16.5bn. (Bangkok Post, 30/03/16)
Comment: And finally its completed!
PERM expects to show net profit in 2016 from net loss of Bt263.74mn. It targets revenue to grow 10% backed by an uptrend in steel price and numerous orders. It plans to wipe out retained losses. (Thun Hoon, 30/03/16)
PB targets 2016 revenue to grow 20% brought by launching 20 new bread products. It has budgeted Bt100mn to increase its sales. It plans to open a distribution center in the north. (Khao Hoon, 30/03/16)
PS expects 1Q16 presales to be higher than Bt9bn thanks to property incentives. It is confident 2016 revenue will reach target of Bt52bn on the back of transfers. It plans to launch Bt45bn worth of projects which are expected to raise its backlog to over Bt10bn. It expects this to cover revenue through 2018. (Thun Hoon, 30/03/16)
Comment: Does PS’s shift to being a an investment holding company signify the limitation in Thailand’s property market?
RS expects CH8 revenue to be good in the first quarter of this year after it selling ad slots that will last until the end of this year. It plans to focus on its online platform and digital TV. It expects 2016 revenue to hit Bt2bn. (Khao Hoon, 30/03/16)
TACC expects 1Q16 earnings to be good on the back of business uptrend. It targets 2016 revenue to grow 15%. It plans to set up vending machines. It expects this to increase its revenue. (Khao Hoon, 30/03/16)
TMC expects to show net profit with Bt700-750mn revenue this year. Its backlog is Bt138mn which is expected to be booked this year. It expects its diversified business to contribute profit in 2Q16. (Khao Hoon, 30/03/16)
TPCH expects 2016 revenue to grow 150% from last year’s Bt304.9mn backed by two biomass power plants. It says 2015 revenue reached target because of Chang Raek Biopower. It expects this to be a key driver for the next 3-5 years. It targets 150-200MW power plants. (Thun Hoon, 30/03/16)
Comment: A rather straightforward company to figure out, PPA’s and MW’s online gives it a certain value.
TU has agreed to acquire a 40% equity stake in Avanti Feeds’ wholly owned shrimpprocessing unit, Avanti Frozen Foods Private Ltd (AFFPL) of India. The stake will be worth 1,254.1 million Indian rupees (about Bt661mn). (The Nation, 30/03/16)
UPA has signed a PPA with the Myanmar Electric Power Enterprise (MEPE) to sell 200MW electricity. The government of Myanmar will support the use of natural gas to produce electricity. UPA will be compensated at the rate of Bt1.18/unit sold. (ASTV, 30/03/16)