AMA to buy a new ship worth Bt382mn. This is expected to be transferred on August 15 and record revenue in 3Q17. It says it expects growth in 2Q17 earnings and still targets 2017 revenue growth of 50%. (Khao Hoon, 17/7/17)
AOT reports eight bidders for the midfield satellite building 1. The auction will be held on August 11. Those applying for the APM work are expected to know the winner by September 2017. (Thun Hoon, 17/7/17)
DTAC targets an increase in postpaid customers in 2H17 of 400-600,000. It is introducing a package “Go No Limit DTAC Rewards” and launching iPhone 8 and Galaxy Note 8 to drive subscriptions up. (Khao Hoon, 17/7/17)
Comment: Are you surprised by the movement of the stock price in the past few weeks/months?
GFPT expects 2Q17 earnings of Bt490mn or +28.60%, driven by higher poultry prices and export growth of 37%. It expects 2H17 to be positive with expected earnings of almost Bt1.9bn, +14.60%. (Thun Hoon, 17/7/17)
Comment: Still the best chicken co in Thailand. Now with the currency strengthening and poultry prices leveling off, 2018 looks at best to be a flat year.
JMT believes this year’s earnings will be a record high, driven by growth in the debt management business. It plans to open a debt collection office in Cambodia to boost revenue. (Thun Hoon, 17/7/17)
Comment: *Smack head against the wall for not buying it*
PTT to go more into non-oil business to boost revenue, led by Café Amazon. It plans to add more than 2700 outlets domestically and 400 stores internationally within five years. (Thun Hoon, 17/7/17)
SCC to sign a contract with a Vietnamese partner for a petroleum complex, to strengthen its international business. This is expected to breakeven in 2022. (Thun Hoon, 17/7/17)
TISCO is in the process of transferring SCBT’s business. The process is expected to be completed within 4Q17 and will boost loan growth by 15% via the addition of 300,000 retail customers. (Thun Hoon, 17/7/17)
TU’s CEO revises down 2017 revenue growth from 15% to single-digit growth. (IQ Biz, 14/7/17)
Comment: Is there nothing else for TU to buy?
    • Had it back in the day in 2013-2014.
      Then when management indicated changes in the accounting were upcoming a decision was taken to wait and see. With the benefit of hindsight should’ve stuck with the larger picture.

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