AMATA will use 8,000 rai to develop “Smart city”, partnering with SAAB from Sweden. It plans to start the investment in early 2018 and establish a joint venture company for aircraft parts production and aviation practice center. It also believes 2017 land sales will reach 1,000 rai. (Thun Hoon, 6/10/17)
Comment: Its interesting that when the narrative changes on a sector/industry/company such as IE’s and AMATA specifically how quickly a fair value can be reached/changed/increased within a short time frame
CGD says “Element Srinakarin” presales have reached Bt800mn thanks to the launch of MRT Yellow Line. It reports that less than 10% of units are available and expects to close presales this year. (Thun Hoon, 6/10/17)
Comment: Still a rubbish company.
CHO expects 2017 earnings to turn positive, after strong growth in 2H17 earnings on an increasing number of orders as it enters high season for its business. It also has backlog of Bt2.6bn, which will gradually be booked as revenue. (Khao Hoon, 6/10/17)
EGAT will allow CWT to postpone the COD of biomass power plant “Green power 2” for six months, as construction is behind schedule. It continues to expand its energy business and plans to bid for a new 24 MW biomass power plant with its partner. (Khao Hoon, 6/10/17)
NOK says 4Q17 earnings will be positive. It believes that cabin factor will be at least 85% after the effect of the zero-dollar tour clampdown dims. It plans to put park seven of its planes, which will help reduce expenses. (Khao Hoon, 6/10/17)
Comment: I could rant, but I won’t.
OISHI is going to launch a new Oishi Eaterium outlet in November, giving it four outlets by the end of 2017. It has budgeted Bt300-500mn for 2018 food business expansion to further its plans to open 10-15 Oishi restaurants. It also plans to expand into ASEAN, saying many foreign entities are expressing interest in its business. (Thun Hoon, 6/10/17)
SIRI will book profit from JV BTS of Bt800-1000mn in 2018, which will support earnings to grow by 10-15%. It plans to launch 25 new condominium projects over the next five years as targeted. It currently has backlog of Bt24bn, of which Bt3.7bn will be booked this year. It also plans to open presales for The Line Sathorn, worth Bt4bn, in November. (Thun Hoon, 6/10/17)
SPPT plans to expand into new business lines after negotiating a deal with some 2-3 joint venture partners, which it expects to finalize within 2018. It says it will start to book revenue from Tera in 2018 and plans to list Tera on mai in 2019-2020. It targets 2017 revenue to grow by 10-20% and believes earnings will turn around. (Thun Hoon, 6/10/17)
Comment They do have multiple businesses that theoretically should been performing but none of them have been for the past….4-5 years.
TFG approved its first dividend payment after listing of Bt0.05/share, XD on October 18. This reflects its revenue potential. It targets 2017 revenue growth of at least 20% after increasing selling channels for high margin products. (Khao Hoon, 6/10/17)
Comment: Now the question for TFG (and GFPT) is whether or not they can release/create/innovate enough higher margin products to offset any decline in the ASP of chicken prices