AOT waiting for decision by ACC committee about suitability and size of Terminal 2. It will then submit a report to the board in January. The board has already approved the project. Share price rose yesterday, in the opposite direction of the SET. (Kao Hoon, 21/12/18)
Comment: Well lets just hope it won’t take 50 years.
AUCT’s board approved next year’s business plan. It targets revenue growth of 12% in 2019. It expects this year’s results to reach target. Auctioned cars increased by 20% this year. It plans to enter the end-user market, expanding its customer base. (Thun Hoon, 21/12/18)
BEM got good news after the Expressway Authority of Thailand (EXAT) approved extending the second phase expressway concession for 37 years from the current ending date of February 27, 2020, as a way of settling the dispute settlement. BEM has budgeted Bt40bn to set up a two-phase expressway Prachacheun-Asoke and has sent its proposal to the Transport Ministry. The Transport Ministry will send to SEPO and PPP board for consideration and they will submit it to the Cabinet. (Kao Hoon, 21/12/18)
Comment: And boom! BEM is rising today along with several analysts saying its worth THB 12.
CHAYO will budget Bt1.2bn to buy debt from financial institutions next year. It expects debt of Bt300-400bn. It is preparing to issue debentures to fund expansion. (Thun Hoon, 21/12/18)
CHO targets revenue growth of 5-10% next year. It is working to integrate technology into its business. It has many projects planned such as London Taxi, Amorn Rattanakosin buses and is also bidding for many projects from the BMTA. Current backlog is Bt4bn. It expects 2018 revenue to reach targets as it gradually delivers 489 NGV buses as per contract. (Thun Hoon, 21/12/18)
Comment: Basically the issues have cleared up now for CHO. The future is going to be interesting its just a question of by when can they get their services systems up and running
GULF share price recorded a high of Bt80.5 yesterday, supporting the market by 0.63 points. Management targets revenue of Bt32bn next year due to steady plant startups. It targets electricity production capacity of 6,700MW next year. (Kao Hoon, 21/12/18)
ICN and partner got a job valued at Bt2.4bn. The contract will be signed in January. It is looking for big projects and bidding for many projects with valued in the billions of baht. It targets revenue growth of 10% next year and it expects backlog of Bt1.5bn at yearend. (Thun Hoon, 21/12/18)
PSTC will book extra gain of Bt14mn from sale of its subsidiary. Management says next year’s outlook is good. It expects revenue growth in all businesses. For its power supply and monitoring solution business, it expects jobs to set up electrical systems to increase by 20% next year. For its renewable energy power business, it will start commercial operation of 5.6MW biomass power plants. (Thun Hoon, 21/12/18)
SIRI expects 4Q18 performance will be better QoQ, supported by high demand. It confirmed presales target of Bt50bn as many customers have booked housing units. It continues to buy back its shares, hoping to increase dividend yield. (Thun Hoon, 21/12/18)
Comment: The difference between SIRI and other property players, is that SIRI is doing sharebuybacks on the its balance sheet, other property players such as ORI and ANAN, the owners are buying the shares, which do you trust more?
WHA expects revenue growth of no less than 10% in all businesses. It has more than 10,000 rai of land awaiting sale as it is negotiating with a big player in e-commerce. The deal will be concluded at the beginning of next year. It is confident that land demand in EEC will be high, as many Chinese companies have contacted it with a desire to buy land. It has 2-3 “build to suit” jobs now. (Thun Hoon, 21/12/18)