ANAN
ANAN is going to launch 22 projects worth approximately Bt50bn this year. It believes demand for condominiums is high in areas adjacent to skytrains and targets presales and transfers at Bt40.5bn each. It has budgeted Bt11bn to buy land. It plans to use AI for construction, which will reduce construction cost. It also plans to develop three serviced apartments this year in order to increase recurring revenue. (Thun Hoon, 25/1/18)
Comment: Simply a continuation of their announced plans.

ECF
ECF sold 4.3mn or 43% of shares of subsidiary Planet, a MDF and particle production business, for Bt5.37mn to six buyers. It believes the new parties have potential to generate growth in the future. (Khao Hoon, 25/1/18)

KBANK
KBANK targets SME loans to grow 4-6% or at least Bt210bn in 2018 and to maintain NPLs at 5%. It aims to be “an SME bank ” and plans to attract and maintain its customers by offering a complete range of financial services. (Thun Hoon, 25/1/18)
Comment: This implies that provisioning has to increase due to the new IFRS 9 accounting standards

SCC
SCC’s 2017 earnings were Bt55bn. It announced a dividend on 2H17 of Bt10.5/share. It has budgeted Bt60bn to improve its business and for M&A. It targets 2018 revenue to grow by 5-6% from last year’s revenue of Bt450bn. (Thun Hoon, 25/1/18)
Comment: So thats..19/share divvy, ~3.8%.

SENA
SENA targets 2018 revenue at Bt5.2bn with current backlog at Bt6-7bn, of which 50% is expected to be booked as revenue this year. It plans to launch 15 projects worth Bt23bn; its most ever, and targets presales at Bt10.3bn, implying growth of 66% from last year. It says its solar, rental and services businesses are growing steadily. (Thun Hoon, 25/1/18)
Comment: I am surprised by this, SENA had always been a very conservative property development company.

SPCG
SPCG has budgeted Bt58bn to develop a 480MW solar farm project in Japan with eight partners. It expects to start the construction in 2019. (Thun Hoon, 25/1/18)
Comment: That doesn’t sound right, maybe 5.8?

TLUXE
TLUXE targets sales from aquatic feed of 80,000 tons/year and sales from pet food to rise to 14,000 tons/year. It says its energy business is getting new projects steadily from its partners, and it is going to start commercial operations of a new power plant that will raise total capacity to 56MW. It targets 2018 revenue at Bt2.4bn. (Thun Hoon, 25/1/18)

TTCL
TTCL projects 2018 revenue to grow by 20% as it expects the EPC business will recover. It currently has backlog of Bt12-13bn, of which 20% will be booked as revenue this year and it is going to bid for new projects worth US$700-800mn. It plans to expand its power plant business in order to generate solid revenue and earnings growth. (Thun Hoon, 25/1/18)

TWPC
TWPC plans to continue to further expand its market and expand its customer base in 2018. It targets revenue proportion from HVA to rise to 35%. It says it will start to book revenue from new plants in Cambodia and Myanmar in 1Q18 and it is benefiting from the rise in export cassava flour price to its highest in four years. (Khao Hoon, 25/1/18)
Comment: A great medium size business, seems to consistently grow 10% p.a. over time.