AMATAV was approved by Vietnam government to develop an industrial estate, Amata City Halong, on 4.4 thousand rai of land. The investment is expected to be around Bt50bn. (Thun Hoon, 3/4/18)
Comment: This will come in stages over the decade. Although AMATAV can only own the land for 50 years if memory serves correct….
CKP sold out all Bt3bn bonds for Nam Ngum 2 power plant. It plans to use the funds to pay off some long-term debt, which will cut costs by Bt500mn and reduce FX risk. (Thun Hoon, 3/4/18)
ECF has put off the assessment of a power plant in Lampang to Aug 31 and will sign the contract on Sep 30, 2018. This is expected to be booked as revenue in 3Q18. (Khao Hoon, 3/4/18)
FORTH says its 1Q18 revenue is Bt1.6-1.7bn with up to Bt400-500mn backlog to be booked. It just gets a project from Royal Thai Police worth Bt898mn. (Khao Hoon, 3/4/18)
JAS converted Bt940mn in JAS-W3 in the latest round; altogether conversion opportunity takes place 11 times. It has received around Bt6.7bn so far. (Khao Hoon, 3/4/18)
PSTC is going to enter the solar business in Vietnam valued at 50MW. Production capacity is expected to reach 100MW this year. It recently got an EPC project worth Bt1.4bn, lifting backlog to Bt2bn. (Thun Hoon, 3/4/18)
Comment: Their sub, Big Gas, has something interesting the rights to a 300km pipeline for gas transportation throughout Thailand.
PTTEP subsidiary PTTEP HKO just won a petroleum auction in Indonesia. It plans to invest in four projects to increase petrochemical reserves. (Khao Hoon, 3/4/18)
SENA expects solar revenue in 2018 to grow 72%. It is working with Refinn to find a low online interest rate. It targets sales of Bt100mn in five years. (Khao Hoon, 3/4/18)
Comment: The issue will be the regulators, when will they allow households to easily sell back to the grid?
UTP expects 2018 earnings to grow driven by a full year of production at a new line. It says sales have more than doubled in the first three months of the year to over Bt300/month. (Thun Hoon, 3/4/18)
Comment: It’s been priced into the stock price for the past 1.5 years