AMATA announced dividend of Bt0.23 per share after reporting 1H18 earnings of Bt601mn. Current backlog is Bt1.5bn. It expects 2H18 transfers to accelerate mainly from EEC. (Thun Hoon, 16/8/18)
Comment: EEC transfer are not going to be seen until the government actually puts pen to paper the laws and benefits
ANAN says transfers rise consistently every quarter. It says 2H18 transfers will not come in below Bt27.4bn, backed by transfers of four projects in 4Q18. It will sell the remaining 25% of Ashton Asok in 3Q18 with a margin of 40% after the selling price was raised. (Thun Hoon, 16/8/18)
Comment: I have walked by Ashton Asoke more times than I care to remember in the 1H of this year, happy to see that Siam Society and Thaisigwa’s silly cases were thrown out
BEAUTY says 2H18 is high season. It expects to maintain its net profit margin at 30% as in 1H18. It is confident in the quality of its product and its fundamentals. It will repurchase 51mn shares. (Kao Hoon, 16/8/18)
Comment: And the price has bounced strongly since 2Q18’s have been released
CRD expects 2H18 results will be better HoH. It preparing to bid for a new project valued at Bt2bn and expects to receive 60% of the project. It expects 2018 revenue growth of 5-10%. Current backlog is Bt1bn and of this, Bt600mn will be booked as revenue this year. Its 1H18 earnings were Bt15.8mn, +10.52%YoY. (Kao Hoon, 16/8/18)
GULF has budgeted US$650mn to invest in wind and solar power plants in Vietnam with total capacity if 340MW. It expects commercial operation in 2023. It plans to increase electric capacity to 1000MW within 3-5 years. (Thun Hoon, 16/8/18)
Comment: Another Thai co investing into Vietnam. CLMV really are the future for the larger thai corps given that there is minimal growth left within Thailand today.
PLE reported 2Q18 earnings of Bt87.7mn, +1545%YoY from last year’s low base. Management expects to be awarded a Bt4bn project after it bidding for many projects with total value of more than Bt20bn in 2H18. It expects backlog of Bt12.6bn and targets revenue of Bt8bn this year. (Thun Hoon, 16/8/18)
PTT says it will book extra gain from asset transfer to PTTOR in 3Q18. It is concluding its plan for the high-speed railway airport link auction before submitting the documents in November. It expects to find joint venture partners from Europe, Japan and Thailand if it is awarded the project. It also says it will file the application to list PTTOR with the SEC by the end of this year.   (Kao Hoon, 16/8/18)
Comment: Every banker is waiting for this
SMT says 3Q18 sales and earnings will increase. It expects to receive orders after negotiations with 7-8 old and new customers. The outcome of the negotiations will be known this year. It says THB depreciation and high-margin products will support reaching its revenue target of Bt2.5bn this year. (Thun Hoon, 16/8/18)
Comment: A turnaround has been on the cards for years
SUPER is filing for an infrastructure fund for a 118MW power plant with total value of Bt9-10bn after SEC introduces new regulations for IFF setup on Sep 1. it expects 2018 revenue growth of 25% and plans to invest in new projects both at home and abroad. (Kao Hoon, 16/8/18)
Comment: Filing again? Wait its been..1..2…3…years?
UAC reported 1H18 revenue of Bt1.65bn, +117.05YoY. 2H18 earnings were Bt108.5mn, +76.1%YoY, backed by trading and biodiesel businesses. It is employing proactive strategies to increase revenue, which it expects to reach Bt3bn in 2020. (Thun Hoon, 16/8/18)

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