ANAN JV Mitsui Fudosan will launch five property projects worth Bt19bn. It plans to introduce twelve projects worth Bt30bn this year. (Khao Hoon, 21/05/15)
Comment: Should the property projects be successfully sold then it ANAN will have a solid 2018.
Backlog Bt7.5bn and expected to increase gradually. BJCHI is preparing to bid for high potential projects worth Bt5bn. 2015 revenue growth is expected to reach target. 1Q15 revenue rose 67.4% on the booking of revenue projects in Brazil and Australia. (ASTV, 21/05/15)
Comment: Similar to STPI, BJCHI benefits from being in Thailand that it is cost competitive versus the Korean and Australian competition, and with, arguably, equivalent quality.
Expects to be in the black this year, enabling it to pay a cash dividend after the M&A with BECL. The company expects to report profit after the startup of the Purple Line. It will sing the contract for the Blue Line extension this July. (Khao Hoon, 21/05/15)
Comment: The core reason of combining the two companies, in my viewpoint, is to ensure that BMCL has a stronger balance sheet for expansion and therefore doesn’t require CK to pony up additional cash in the future.
2H revenue expected to increase to Bt20bn (10% growth). CENTEL plans to invest Bt19bn and Bt8bn into the hotel and food businesses respectively. (Khao Hoon, 21/05/15)
DTAC targets to sell 1mn DTAC mobile phones, up from 2014’s 750,000. In 1Q15 it sold 200,000 mobile phones. (Khao Hoon, 21/05/15)
Comment: Last year DTAC was losing money on each phone sold.
GL plans to buy companies in Indonesia and Vietnam. It expects to expand Bt1bn in loans in Laos within two years. It expects to achieve loans of Bt10bn in 2016 and Bt8bn this year. (Thun Hoon, 21/05/15)
Comment: GL is the most aggressive motorcycle leasing company in Thailand and the region with ambitious plans to be regional
KBANK cuts rates: MLR-MOR to 0.13%, MRR to 0.25%, in response to the central bank’s cut. It expects NPL ratio to rise slightly this year. (Khao Hoon, 21/05/15)
Loans grow thanks to MPC rate cuts. The company is preparing to introduce a new loan for government projects of Bt100mn for each project. LIT plans to sell Bt500mn in bonds to increase its liquidity. (Thun Hoon, 21/05/15)
1Q15 earnings jumped 370% backed by orders from Japan. Its backlog is 150,000 tons, which is expects to increase revenue to ¥10bn. MCS is focused on bidding for projects in Japan. (Thun Hoon, 21/05/15)
Comment: MCS has always had a solid business model but had been hurt in the past few years because of delays post Japan’s nuclear disaster
RATCH interested in investing in new businesses. It is interested in mass transit and hospitals to replace the loss of electricity revenue after the contracts for two of its power plans expire in 5-10 years and no government plan for more IPP or SPP projects. It may JV to invest in power plants abroad. (ASTV, 21/05/15)
SIRI’s JV with BTS is opening a new residential project, “The LINE Jatujak MoChit” worth Bt5.7bn with 841 units, priced at Bt4-20mn. It targets presales of 50%. (Khao Hoon, 21/05/15)
Board approved Bt700mn to buy GENCO shares, lifting its stake to 16.3%. Management says the alternative energy business is worth investing in as it diversifies the company’s revenue and will generate stable growth. (Thun Hoon, 21/05/15)
TVD to JV with Japanese company to set up seminar to expand its market. Management expects 2015 revenue of Bt2.88bn. TVD’s shopping channel is getting good ratings. (ASTV, 21/05/15)
Comment: But they have registered a loss last year and 1Q15 wasn’t any better.
1Q15 earnings grew 148.69% from 1Q14. It targets 15-20% revenue growth. TVT will introduce 14 TV programs this year. The company plans to expand its programming via social media. (Thun Hoon, 21/05/15)