ANAN posted 2Q17 earnings of Bt279.46mn, +33.22%YoY with a 29.9% growth in revenue to Bt3.75bn. Its board approves a dividend of Bt0.06/share, XD on August 18. (Khao Hoon, 8/8/17)
Comment: 1/3 above consensus and yet the price doesn’t move.
BIG says 2H17 earnings will be better than expected, driven by store expansion. It believes revenue this year will grow at 10-15%. 2Q17 earnings fell 16%YoY to Bt156mn. (Khao Hoon, 8/8/17)
Comment: No surprise that earnings have fallen, 2H17 should be a continuation of this trend.
GPSC posted 2Q17 earnings of Bt815mn, +19%YoY due to higher Ft price. It is now going to invest in an energy storage system. (Khao Hoon, 8/8/17)
INTUCH posted 2H17 dividend of Bt1.25/share, XD on August 16. 1H17 earnings are at Bt5.99bn, -46%YoY. 2Q17 earnings were Bt2.8bn, -63%YoY (Khao Hoon, 8/8/17)
PLANB is now negotiating with partners in the Philippines and Malaysia. It is budgeting Bt200-300mn to close the deals in 4Q17. It will bid for 90 commercial advertising billboards in domestic airports. This is expected to be clearer in 3Q17. (Thun Hoon, 8/8/17)
Comment: I don’t see these international expansions as particularly attractive, no firm other than JCDecaux has done well with international expansions in billboards
ROBINS says 2017 sales will grow 5-6%YoY. It plans to invest Bt4.1bn to expand more stores. (Thun Hoon, 8/8/17)
SMART posted a 2Q17 earnings loss of Bt13bn due to lower revenue and higher expenses. It will target retail and contractor customers and will launch new products to stimulate sales. (Khao Hoon, 8/8/17)
TMB to gain sales and incentive fees of Bt100bn for the next 15 years after renewing its insurance selling with FWD Insurance, according to financial advisor. (Thun Hoon, 8/8/17)
Comment: Quietly TMB is becoming one of the more professional banks in Thailand.
TU is paying a dividend of Bt0.32/share for the period of Jan 1-June 30. This represents a dividend payout of 53.3% of earnings. (Thun Hoon, 8/8/17)