ANAN and Mitsui Fudosan plan to set up associated companies and launch three projects at the end of this year. It expects this to bring up backlog from Bt38bn, which can cover revenue until next year. It plans to buy land. (Thun Hoon, 14/07/16)
Comment: And their growth is effectively secured for the next 2 years
ARROW is budgeting Bt37mn to set up its 2nd electrical conduit plant on 7 rai of land in order to serve high demand. This will increase its capacity by 50%. It expects RTRC conduits to be a key driver. It expects 2016 revenue to be not less than Bt1.4bn. (Thun Hoon, 14/07/16)
ATP30 signed a contract valued at Bt20mn to provide five years of logistics service. It took part in Bt800mn bids and expects to get this job. It expects 2Q16 earnings to be good thanks to new clients. (Thun Hoon, 14/07/16)
Comment: Popular at the amount amongst retail investors, seems to be a steady cash earner with its basic logistics service
BWG plans to operate RDF phase 2, capacity of 250 tons, by the end of this year. This will ramp up its total capacity to 600 tons per day which can serve three 10MW power plants. (Khao Hoon, 14/07/16)
Comment: It feels like the renewable game in the market has returned

CHO is confident it will not be hurt by missing the NGV project. It expects 2016 revenue to grow 10% with Bt665mn in backlog. It expects to get the Khon Kaen model project, at valued Bt5bn as well as HTMS construction, valued at Bt400mn. (Khao Hoon, 14/07/16)
DEMCO signed a contract with PEA for power station construction (Samut Sakorn 7 and Klong Kwang 2), valued at Bt299mn. It is contracted to complete construction within 18 months. It expects to book 10-15% of total project in 4Q16. (Khao Hoon, 14/07/16)
Comment: A sign of improving times perhaps for DEMCO?
EGCO acquired 8.05% more of Masinloc power plant in Philippines which will increase its stake to 49%. It expects Masinloc unit3 (335MW) to operate in mid-2019. (Khao Hoon, 14/07/16)
NDR expects 2Q16 earnings to be good. It is confident 2016 revenue will reach its target of Bt1bn with higher net profit. Behind this is higher sales, high margin products, and orders from India. (Khao Hoon, 14/07/16)
PTT is confident it will not be damaged by Brexit-caused FX fluctuation. It expects its performance to be good because of its diversification. It plans to implement a Bt297bn five-year investment plan. Its cash on hand is Bt300bn. (Thun Hoon, 14/07/16)
Comment: Discussions with several people indicate that PTT doesn’t know what to do with its cash and the government has itchy fingers to get their hands on it, how? No idea
SGP expects 2H16 earnings to be good especially in 4Q16, because of large orders on seasonality and higher LPG price. It expects 2016 revenue to grow 5% from last year’s Bt58.3bn. (Thun Hoon, 14/07/16)
SPALI plans to take part in Baan Pracharat project, valued at Bt600-900mn. It expects 2Q16 earnings to be good with 1H16 presales of Bt10bn, up 20%. It plans to launch two projects on July 29-31, expects presales to hit Bt2bn. (Khao Hoon, 14/07/16)
Comment: Rather odd that LPN didn’t chase to be a part of this.
STEC plans to take part in upcoming bids of which it expects to get 20-25% (Bt30bn). It expects this to boost backlog to revenue for 2-6 years. It plans to cooperate with BTS to take part in the MRT bids. (Thun Hoon, 14/07/16)
T plans to wipe out retained earnings losses. It plans to expand its business line, with a decision made soon. It expects 2H16 performance to be good. It expects to return to the black on the net profit line, aided by new projects and Bt1.6bn of backlog. It expects 2016 revenue to reach Bt700mn. (Thun Hoon, 14/07/16)
TFD expects to benefit after IEAT approved selling 800 rai of land. It expects performance to benefit from the Bt3.2bn Panasonic and Tesla plan to spend to buy land as well as a 10% raise in selling price. It expects black ink this year and to outperform next year. (Thun Hoon, 14/07/16)
WHA has filed with the SEC to set up HREIT, valued at Bt8.69bn. It expects this to be traded in 4Q16. It plans to sell a Bt4.19bn assets to WHART in November. (Khao Hoon, 14/07/16)
Comment: Not a surprise its been delayed since last year..
  1. As someone that has been on the DEMCO rollercoaster for the past 5 years, I do hope their fortunes improve and this foundation mess is behind them soon.

    Will WEH ever IPO, keeps getting pushed back…

      • Well we can’t pick winners all the time can we? If I can crow about the winners, then I can eat crow about the losers as well.

    • We should learn more when 2Q16 #’s are released and at their opp day talk.

      WEH seems to be a bit messy at the moment from what I’ve heard which is a shame, but they do need a huge amount of capital by 1Q17 next year, so either it shall be 100% debt funded (which is unlikely but who knows these days) or they will have list. Only time will tell..

  2. I heard DEMCO was pushed from one of this dubious websites who push small Stocks . So some Guys make for shure Money with Demco 🙂 But as all the “Followers” now sitting on huge Losses i dont think they come back to 18 or 19.
    Given the lousy management who missed so many Times on their Outlook it is at least an “Play” with caution.
    Now we are in an nice Bull Run so they have an fair chance to go maybe up to lets say 9-10 again…if the WEH IPO come someday

    • hahaha you “heard” ok…

      I do disagree with your comment on lousy management, met them enough times in the past to know that they’ve been rather transparent with information to the market and what they expect for the business.

    • this Demco mess all stems from the unforeseen foundation issues which no one could have predicted, I think Demco will recover with time but it won’t be a short sharp jump.

      I managed to average buy Demco over many years from 4 baht to 11 baht so my loss isn’t nearly as big. With the beauty of hindsight I should have sold in the high teens, but it does sting the ego a bit to see one of my long term picks doing so poorly recently.

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