Suvarnabhumi rental to be finalized in July, to take effect in Jan 2018. (Khao Hoon, 25/7/17)
GOLD revised up its sales target to Bt18bn from Bt20bn. 1H17 presales were Bt11bn. It will launch 10 projects in 2H17. The yearly target is 15 projects worth Bt14.3bn. Overall, it thinks the real estate market in 2H17 is still bright. (Thun Hoon, 25/7/17)
ILINK to go for new projects worth Bt4.5bn in order to boost backlog by Bt1.56bn. Its 2017 revenue growth is targeted at 15%. (Thun Hoon, 25/7/17)
PTT insists that the sales process of PTTGE is transparent. PTTGC has assigned five commercial banks to sell bonds worth Bt10bn. (Khao Hoon, 25/7/17)
Comment: Would PTT ever say that any of their transactions weren’t transparent?
SUPER moves on in infrastructure fund worth Bt10bn. The filing will be proposed in August. (Khao Hoon, 25/7/17)
Comment: With BLS behind this deal, it does have a high chance of going through. Plus Super needs this IFF to occur otherwise they shall be unable to go ahead with the rest of their projects
TFG to expand power capacity to serve Europe, Japan, and Malaysia. It revised up food service revenue target to Bt1bn from Bt500mn. It plans to build a poultry factory for exports. Production will start by 2Q18. (Thun Hoon, 25/7/17)
THCOM signed a contract with MVI, which will rent THCOM8 to service a pay TV platform in Laos. (Thun Hoon, 25/7/17)
TLUXE to expand abroad. It targets 2017 sales of Bt1.8bn, higher than 2016, after achieving 1H17 sales of Bt800mn. (Thun Hoon, 25/7/17)
TPIPP says 2H17 performance will be outstanding, driving by equipment improvement. It believes that this year there will be power plant CODs to bring production up to 440MW. It plans to join an auction for SPP Hybrid Firm and waste-to-energy power plant. (Khao Hoon, 25/7/17)
Comment: Straightfwd here, story hasn’t changed, continuous business & EPS growth for the next 2 years. 
  1. I have been following TPIPP, this year. regret selling. If the capacity can increase from the current 150 MW to anywhere near 440 MW, 2017/2018 should be a good earnings play Is there a risk that they might not get granted a licence to use up that extra capacity?

    • Yes there’s always that risk, the probability however is low. Higher probability risk(s) would be 1) delays 2) changes in the tariff rates.

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