AMATA
AMATA targets land sales of 1,000 rai in 2017. It expects performance to be supported by the ECC project. It plans to sell Bt4-5bn in assets to an REIT next year. It expects backlog to reach Bt4bn at the end of this year. (Kao Hoon, 30/11/16)
Comment: It’s just been a continually disappointing performance from AMATA, now is their fault or just a result of Thailand not being able to attract as much FDI as in the past?
 
AOT
AOT’s board approved a par split from Bt10 to Bt1 to increase liquidity. It will ask approval from shareholders on Jan 27, 2017. It will pay a dividend of Bt6.83/share, XD on Dec 8. It reported FY2016 net profit of Bt19.57bn, up 4.5% on the back of passenger growth of 12.3% to 119.92mn. (Kao Hoon, 30/11/16)
Comment: Ohhh that should make the name attractive, retail loves a good old fashioned par split
ASIMAR
ASIMAR targets 2017 revenue to grow 35% from this year’s Bt570mn. It plans to focus on steel projects and expects to get orders from ITD. It plans to take part in bids for PAT projects. It expects its new dock at Surat Thani to expand revenue. (Thun Hoon, 30/11/16)
BCP
BCP is budgeting Bt3.6bn to open 60 stations. It plans to list its subsidiary (Bangchak Retail) within 4-5 years to raise funds to expand its non-oil business. It got a license for SPAR, a supermarket from the Netherlands. It plans to expand to neighbouring countries (Cambodia, Myanmar, and Laos). (Thun Hoon, 30/11/16)
Comment: I do like the SPAR idea
 
BIGC/BJC
BJC to spend Bt10bn on BIGC expansion. BJC, the owner of Big C Supercenter Plc, will allocate 10 billion baht to expand the Big C hypermarket chain by opening 213 new stores and renovating 54 existing outlets in 2017. (Bangkok Post, 30/11/16)
Comment: The addition to the MSCI has helped the performance of the shares. So BIGC vs TESCO vs MAKRO vs 7-11, it’ll be interesting to see how this plays out in the coming years
 
BTS / BEM
BTS and BEM qualify for the MRT Pink and Yellow line. The qualifiers for the second envelope, the investment and return proposal, are expected to be announced in early Dec with contract signing by April 2017. (Kao Hoon, 30/11/16)
CENTEL
CENTEL targets 2017 revenue growth of 4% from this year’s target of 4-5%. Behind this is GDP growth of 3-3.5% and a positive outlook for tourism. It is budgeting Bt1.2bn next year to expand its hotel and restaurant business. It plans to open its first hotel under the name “Cozy” on Samui next year. It is talking to a prospective partner to invest in hotels in Dubai valued at Bt6.3bn (40% stake). It expects a conclusion in Dec. (Kao Hoon, 30/11/16)

CNT
CNT expects 2016 revenue to reach its target of Bt6.5bn. It expects backlog of Bt8bn at the end of this year, which will support its growth. (Kao Hoon, 30/11/16)
Comment: A potential turnaround for this once loved construction player?
 
DRT
DRT expects 1Q17 performance to mark a record high. It expects 2017 revenue to grow not less than 5%. It plans to expand abroad and targets exports to comprise 20%. (Thun Hoon, 30/11/16)
ITD
ITD got two new projects, valued at Bt826.66mn: 1) a national housing authority project (construction of a 28-storey residential building valued at Bt324.1mn) and 2) an EGAT project (construction of 500/230/115 KV GIS building Chachoengsao 2 substation valued at Bt502.56mn). (Thun Hoon, 30/11/16)
JSP
JSP expects Bt2bn backlog to transfer in 4Q16,raising 2016 revenue to Bt4bn. It achieved Bt2.8bn revenue for the first ten months. It plans to launch five projects valued at Bt4bn next year. (Kao Hoon, 30/11/16)
KTIS
KTIS expects better revenue and net profit next year brought by higher sugar price. It expects its 50MW power plant to contribute revenue soon. It is talking with PTTGC to invest in a high valued added sugar cane product. (Kao Hoon, 30/11/16)
Comment: Every sugar player should perform well for the next 12 months
 
NCH
NCH targets 2017 revenue to grow not less than 10% even though 2016 revenue may miss target of Bt2bn. Presales have achieved its target of Bt2.5bn. It plans to launch a low rise project in Dec valued at Bt800-900mn. Its backlog is Bt400-500mn, which is expected to be booked this year. (Thun Hoon, 30/11/16)
QTC
QTC plans to acquire 6-8 power plant projects abroad with total capacity of 680MW. It expects a hydropower plant to be concluded in 4Q16. It targets 2017 revenue of Bt1.2bn and plans to expand abroad. (Thun Hoon, 30/11/16)
SMT
SMT restructured its business by focusing on high margin products. It expects this to lead its net profit back to the black. It expects 2016 net profit to return to positive. It expects 4Q16 performance to mark a record high. It plans to wipe out retained earnings losses. (Thun Hoon, 30/11/16)
Comment: We think that the turnaround is well priced in, question now is how much further can management take the company?
 
SUPER
SUPER plans to set up a Bt12-18bn infrastructure fund. It plans to list subsidiary Super Solar Energy in 2017. It expects to complete the deal for power plants in China and Japan soon, raising its capacity to 780MW. (Kao Hoon, 30/11/16)
Comment: Well ok. It’ll have to somehow find the cash for these projects ASAP
 
TASCO
TASCO expects 4Q16 performance to be good brought by higher sales volume from disbursement by the Ministry of Transport. It expects exports to be good next year. (Thun Hoon, 30/11/16)
Comment: If the fools @ OPEC can’t figure things out together, oil prices will correct by -5% and tasco will benefit.
 
TNDT
TNDT expects 2016 performance to turn around after 9M16 net losses of Bt1.05mn. It expects 4Q16 earnings to be good with Bt150mn work on hand. It expects 2016 revenue growth to hit its target of 10%. It also plans to expand abroad. It expects the 20MW coal power plant in Myanmar to start operations at the end of 2017. (Thun Hoon, 30/11/16)
  1. Hi Pon,
    thank you for yr info work on this blog.

    I would like to hear your idea on the two mass transit companies, BEM and BTS.
    Both interesting, I bought some BTS months ago just for higher div/y.

    • both are good companies for different reasons. BTS div play, div’s may continue despite promised payout disappearing. Perhaps to the upside.

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