AOT is confident that 2017 earnings (Oct 16 – Sep 17) will surge. 2H17 is expected to be impressive, driven by the low base from the zero-dollar tour crackdown. The conflict with the Treasury Department will not affect future growth, said the management team. (Thun Hoon, 28/6/17)
Comment: The stock is up some 20% since the issue has been resolved
BEM approved by cabinet to edit the contract regarding Sriratch. The Outer Circle express line is worth Bt275mn. This is expected to open in 18 months. (Khao Hoon, 28/6/17)
CBG expects sales to grow outstandingly, driven by domestic growth and new markets in China. 2017 revenue is expected to grow at 55.7%YoY. (Thun Hoon, 28/6/17)
Comment: They’ve liquidated their ownership in the China JV thereby boosting their bottom line as it was loss-making. Now with management investing in a side business producing alcoholic products, should one be worried about their focus?
CPF shareholder meeting approves cash call of Bt38.7bn (1.5bn shares). The company said that they may not sell all since the selling price of Bt25/share is close to market price. It expects revenue to grow 8-10% this year and plans to increase the share of processed foods share. (Khao Hoon, 28/6/17)
DEMCO gets a gas pipeline project worth Bt138mn. The project is based in Nakhonratchasima. This pushes backlog up to Bt4.95bn . (Khao Hoon, 28/6/17)
Comment: But the issues remain around the fixing of the turbines and the WEH IPO
GGC is proposing its 5-year investment plan to the board in 4Q17. It plans to invest in many projects and do M&A of PTTGC subsidiary. It believes that it has the ability to take over other companies on its future revenue stream. (Thun Hoon, 28/6/17)
Comment: Part of me is wondering that given this company is state-related would they not benefit from winning more projects issued by governments both domestically and around the region in the same vein that BCPG and its subs have been?
KCE said the new manufacturing phase 1 and 2 has reached breakeven point with capacity utilization rate of 100% and higher ROE. (Thun Hoon, 28/6/17)
MINT plans to invest Bt40bn in 5 years. It maintains its 2017 growth target of 10%. (Thun Hoon, 28/6/17)
PTTEP reports the S1 project is operating normally. The 23-day shutdown cut 0.4% from total sales, based on the annual sales Bt300,000 barrel/day. (Khao Hoon, 28/6/17)
SUPER gets six cooperative/government solar farm projects with total power production of 30MW. (Khao Hoon, 28/6/17)
TICON cooperating with Amway to start a distribution store in Bang Plee, focusing on a strategic area near Suvarnabhumi and Laemchabang in order to distribute products in the future. (Khao Hoon, 28/6/17)