ANAN corporates with Ascott in for serviced apartments. It targets four projects in four areas with a total value of Bt10bn. It targets rental revenue in 2021 of Bt1.5bn. (Kao Hoon, 29/3/18)
Comment: Part of their long term plan, well telegraphed by management for a few years, but the overhang for now is still the Ashton Asoke project
BCPG is certain that the earnings this year will be good, driven by 4 power plants to sell electricity of 53 MW and full booking from power plant in Indonesia and wind farm in Philippines. (Kao Hoon, 29/3/18)
CPALL sells 230.24mn MAKRO shares or 4.80% a price below market at Bt44 for a total of Bt10bn. This is to increase liquidity. CPALL received dividends of Bt20bn. (Kao Hoon, 29/3/18)
Comment: The next round of MAKRO sales can’t happen for another 90 days from this transaction, regardless, CPALL will continue to do this in order to pay down the debt taken on to acquire MAKRO all those years ago
DEMCO is certain that its 2018 earnings will grow strongly, driven by Bt4.3bn in backlog, 70-80% of which will be booked as revenue this year. It also plans to bid at new auctions this year. (Kao Hoon, 29/3/18)
Comment: So it looks like things are finally getting better for this little contractor, the foundations are supposedly going to be fixed between April to August/September and then this overhang is gone.
HOTPOT to be renamed to JCK Hospitality or JCKH. It is certain that earnings will turn around in 2Q18. It also plans to buy a new restaurant business. (Thun Hoon, 29/3/18)
Comment: Putting lipstick on a donkey doesn’t change the fact that it’s still a donkey
NOK is asked to explain about frequent flight delays and broken parts in some airplanes. (Kao Hoon, 29/3/18)
S to invest Bt20bn into M&A to boost foreign portfolio to 50%. It also targets revenue of Bt20bn within two years. Its current backlog is at Bt14bn. (Thun Hoon, 29/3/18)
TOA is certain that its 2018 revenue will grow 10%. It plans to expand its markets in Thailand and ASEAN countries. It also plans to invest Bt400mn to increase productivity. (Kao Hoon, 29/3/18)
Comment: I think investors could be (positively) surprised by how they perform in other countries in the coming years.