ANAN expects real estate revenue to reach Bt10.5bn this year backed by large backlog of Bt35bn. It will launch 12 projects worth Bt31.5bn. Its presales were impressive at Bt7.5bn in 1Q15. (Kao Hoon, 27/3/15)
Comment: Again the question for ANAN is how much can operating margins improve. Should they match industry average then the upside is fairly obvious.

BJC targets revenue growth this year at more than 10% with better net margin than last year. It plans to invest Bt4bn to raise production capacity and production lines. It is also looking for a new acquisition. (Kao Hoon, 27/3/15)
Comment: Well it eventually pushed through the Metro acquisition in Vietnam.

EASTW disclosed water sales grew 3-4% in 1Q15 as demand in the eastern region continues growing. It expects total revenue growth of 5-6% plus better margin than last year’s in the light of lower electricity cost. (Than Hoon, 27/03/15)

EMC continues to take over residential property projects, hoping to generate revenue at a faster pace than investing on its own. It recently acquired Imperial Land (IMP) from UWC worth Bt278mn. Its Station One @ China Town project will be launched and recorded as revenue in 2Q15. (Thun Hoon, 27/03/15)
Comment: Another wannabe property company? As if we don’t have enough of these smaller developers that appear to just be one hit wonders.

GCAP plans to offer land-backed loans in 2Q15. It expects to finalize a deal with two foreign partners in the middle of this year. (Thun Hoon, 27/3/15)

Revenue from “Home Pro Expo 21” reaches target of Bt720mn, signaling recovery in purchasing power. It said revenue from members increased to be above 90%. (Kao Hoon, 27/3/15)
Comment: A machine of growth, they’ve conquered Thailand and now will most likely conquer Malaysia as well.

HYDRO being taken over by large listed alternative energy company. This company bought 50mn HYDRO on the market. HYDRO will invest in waste power plant and government water projects. (Thun Hoon, 27/03/15)
Comment: Either the reporter is foreseeing the future or it hasn’t happened yet because by SEC regulations an announcement of the new shareholder would be required.

MINT expects to see strong 1Q15 earnings driven by Thai tourism recovery. This year, it expects revenue growth from its hotel business of 15% YoY, backed by a high 70% occupancy rate. It plans to launch a new residential project in Phuket with value of Bt5.0bn this year. (Thun Hoon, 27/03/15)

PLAT expects 2015 revenue to continue to grow from 3 main businesses. Its rental business is secure and it will expand in more new projects with targeted revenue from “The Market by Platinum” project at more than Bt1bn in 2018. It also announced a DPS of Bt0.062. (Kao Hoon, 27/3/15)

PLE setting up JV with big Chinese company, planning to bid for big new government projects and power plants in Myanmar and Laos. It expects to see more progress in 2Q15. In 2015, it targets revenue of above Bt10bn. (Thun Hoon, 27/03/2015)
Comment: They’ve cleaned up their balance sheet and are looking to grow yet again.

PPS targets revenue from overseas of Bt15mn. It has been awarded an engineering design project in Myanmar. It targets revenue this year at Bt300mn from its existing backlog of Bt330mn. It targets to bid for a project for Suvarnabhumi airport phase 2 as well as the Orange, Pink, and Yellow transit lines. (Kao Hoon, 27/3/15)

PTT to delay the sale of the remaining 12% in BCP to 2Q15 at the same selling price as the selling price to Vayuphak Fund. It will record proceeds of more than Bt10bn. Today, its board will consider cutting its investment over the next 5 years (2015-19) after oil price has fallen to low levels. (Thun Hoon, 27/03/15)

SAPPE targets revenue growth to Bt10bn in 2020, via the expansion of distribution channels and acquisition of F&B brands, now under study. In 2015, it plans to invest Bt470mn into a 30% capacity expansion. (Kao Hoon, 27/3/15)

SC expects presales to reach Bt2.2bn in 1Q15 as it has already achieved Bt1.7bn. It will launch high-end SDH “Granada Pinklao-Petchkasem” worth Bt2.15bn on 28 Mar and expects to sell 10 units worth Bt600mn. (Kao Hoon, 27/3/15)

SCN targets the revenue from iCNG of Bt2.2bn in 2017, accounting for 50% of its revenue, from the full utilization of capacity at 22,000mn BTU/day from its two factories. (Kao Hoon, 27/3/15)

SENA’s new launches to be a record of 11 projects worth Bt10bn. It will expand customer base to B+. It targets revenue of Bt3bn and presales of Bt4.5bn this year. It expects a brighter outlook for the residential sector after the BoT has cut interest rate, which helps raise homebuyer affordability. (Thun Hoon, 27/03/15)
Comment: Don’t be surprised to see bigger news coming out of SENA over the next few months.

TSF jointly invests with PSTC to set up Solar Leasing Co Ltd, taking 40% each. It will sign the contract with a Chinese partner to hold the remaining 20% to support the funding as the first leasing company for alternative energy machinery. (Thun Hoon, 27/03/15)

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