ALT is ready to get into telecommunication infrastructure, supported by backlog of Bt390mn, around 60% of which will be recorded as a revenue in 2H17, driving company growth. (Khao Hoon, 28/9/17)
Comment: There is something interesting here, they started out as one of the partners for AIS and are trying to build a network throughout Thailand. Could be something interesting but its been a bit hard for me to price it at the moment
BIGC plans to list again after just delisting in order to restructure. After the restructure it plans to gain listing again. (Bangkok Biz, 28/9/17)
Comment: Of course, and then BJC may be Metro VN as well, and don’t be surprised if there’s a BIGC REIT in the future a la Tesco
AP announces 2017 presales target of Bt31.0bn, after current presales are at Bt27.3bn. It plans to open presales for the condominium “Life @ Asoke-Rama 9” worth Bt9bn in 4Q17. (Khao Hoon, 28/9/17)
BBL targets 2017 loan growth of 3-5%. Provisions in 3Q17 were lower than the previous quarter. (Khao Hoon, 28/9/17)
CHOW expects construction of the 26.68 MW Iwaki power plant in Japan will be done in 4Q17. It targets overall production power of 100 MW. (Khao Hoon, 28/9/17)
EGCO is undergoing a feasibility study to develop its 500 rai of land in Rayong to serve EEC. It also says it is in an M&A deal abroad and is planning to sell 30MW electricity via SPP Hybrid. It targets 2017 earnings growth of 10%. (Manager, 28/9/17)
ITEL to sign internet project contract worth Bt1.87bn with NBTC, bringing backlog to Bt3.12bn. It targets 2017 revenue of Bt1bn. (Thun Hoon, 28/9/17)
PRINC plans to buy Allianz Medical Center for Bt2bn. It will as shareholder approval on November 24. (Khao Hoon, 28/9/17)
Comment: It’s been the story at PRINC that they’ll buy hospitals for the past ….. 5years, looks like its finally happening
SEAFCO gets two new projects worth Bt523mn, increasing backlog from Bt1.5bn. (Thun Hoon, 28/9/17)
Comment: And yet it’s trading at a mkt cap of THB 4.6 bn, well why not?
SIRI is impressed by presales of “The Base Petchkasem”. Its presales are 70% higher expected with total value of Bt1.4bn. Construction will be done in 2019 . (Thun Hoon, 28/9/17)

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