AMA targets 2018 revenue growth of at least 30% and plans to budget Bt1.45bn to buy three ships, aiming at a capacity increase to more than 100,000 DWT from 86,000 DWT last year. It says palm oil shipping is going well. (Thun Hoon, 31/1/18)
Comment: Well its a shipping company, nothing overall special, looks a bit rich even with a potential growth of 30%
AMATA targets land sales at 1,300 rai from its four industrial estates and has 1,000 rai of land that will be included in EEC. It plans to expand its industrial estate covering CLMV and to expand its industrial estate in Vietnam to its full potential. It also plans to research on Myanmar market in order to support investment from China. (Thun Hoon, 31/1/18)
Comment: So now it has to maintain these numbers consistently for the next few years in order to maintain this price. I got the cycle wrong this time on Amata, didn’t think that the news of the EEC alone would’e driven it and WHA so quickly.
BIZ plans to bid for Bt1bn in new projects in 2018, of which it expects to receive 50%. It plans to penetrate to Cambodia in order to raise sales. It targets 2018 revenue growth at 10% and is going to start the construction of a cancer treatment center in 1Q18 and expects this center to open in 2019. (Khao Hoon, 31/1/18)
CCP believes 2018 earnings will turn around; it projects 2018 revenue growth of 10% to Bt2.8bn. backed by rising demand for concrete. It currently has backlog of Bt2.5bn, of which 60% will be booked as revenue in 2018. It plans to expand its customer base and add new selling channels. (Khao Hoon, 31/1/18)
Comment: Could this finally be the year that construction material suppliers perform?
DTAC reported 2017 earnings of Bt2.114bn, growing 1.4% from last year thanks to a 14% decrease in administrative expenses. The board has approved a dividend of Bt0.24/share and it has budgeted Bt15-18bn for investment in 2018. (Khao Hoon, 31/1/18)
Comment: Dividends have returned! Quick #s indicate that it may be a 4-6% dividend payer in 2019-2021, major outlier with the NBTC though..
EA plans to develop 2,500 rai in an industrial estate in Chachoengsao in the EEC area in order to prepare for its investment in battery and electric vehicle assembly. It says it is currently in the research stage and expects to finalize this plan within the next 2-3 months. (Khao Hoon, 31/1/18)
Comment: Love the dream, need to see it happen though.
GIFT plans to continue to launch new beauty products and expects to raise margin and revenue proportion from this segment to 5% from lower than 1% currently. It has budgeted Bt10-15mn for marketing and expects this will drive revenue to grow by 5-10% this year. It plans to conduct a roadshow for institutional investors, as institutional investors currently hold 2-3% of its stake. (Thun Hoon, 31/1/18)
Comment: So they have already been supplying the raw material (chemicals) for the companies that produce cosmetic products and this seems to be natural progression for the company
JMART subsidiary JVC will become Thailand’s first to raise funds through initial coin offering (ICO), JFin Coin. It plans to sell 100mn coins priced at Bt6.6/coin, expecting to receive Bt660mn. It plans to use the funds to develop a digital lending platform for J Fintech. The digital coins will be traded in TDAX on April 1. (Khao Hoon, 31/1/18)
Comment: I C O! So how will they book this in their accounts? TDAX – its a local digital cc exchange, listing on the 1st of April? What a joke! (oh how i amuse myself…)
PTTGC subsidiary PTTGCA is working with DAELIM from South Korea to research a petroleum complex in the US. It plans to make a decision on this investment within this year. (Khao Hoon, 31/1/18)