AMA believes 2H17 performance will grow, supported by high season. This is expected to push 2017 revenue to Bt1.5bn, 50% growth. (Khao Hoon, 28/8/17)
Comment: That would be quite an achievement, 1H17 already shows revenues of THB 674 mn…but the company is already trading at a mkt cap of THB 7bn
ANAN to transfer nine condominium projects worth Bt24.16bn, lifting revenue this year to Bt25bn. It also plans to launch eight more projects worth Bt15.9bn. (Khao Hoon, 28/8/ 17)
Comment: Straightforward story still, although risks are in the transferring of these projects..we still think property will be for another 3-5 years after that who knows.
BAFS said revenue is rising with oil prices. It expects revenue growth of 4-5%. It is interested in servicing the U-Tapao airport. (Thun Hoon, 28/8/17)
Comment: If BAFS can supply ALL of the new airports then it’ll bring them to another level
BBL announced a dividend of Bt2.0/share on 1H17, with payment on September 22. (Thun Hoon, 28/8/17)
CHOW believes 2017 revenue will surge to Bt5bn, driven by steel sales of 150,000 tons. It plans to invest more in alternative energy, both domestically and internationally . (Khao Hoon, 28/8/17)
ERW said it maintains its 2017 revenue growth target at 10%, with occupancy rate at 80-81% (currently at 80%), higher than last year’s 79%. (Khao Hoon, 28/8/17)
Comment: Rather straight forward here.
JUBILE plans to open three new stores at an investment cost of Bt7-10mn per store. It expects 2017 revenue of 10-15%. It is paying a dividend of Bt0.27/share, payment on September 6. (Thun Hoon, 28/8/17)
Comment: Nothing wrong with their business model, but it’s just not attractively priced..
MTLS to issue a Bt3.5bn bond with annual interest rate of 3.60-4%. (Thun Hoon, 28/8/17)
Comment: What BE/Bond issues?
PTTGC to partner with Sanyo Chemical and Toyota Tsusho to set up a JV, GC Polyols, to produce and sell Polyol. (Khao Hoon, 28/8/17)