AP expects to transfers Bt19.23bn in eight condos in 4Q16. It plans to launch s marketing campaign in Nov in order to boost its presales. (Kao Hoon, 02/11/16)
Comment: There’s a lot of condo’s in the industry that will have to be transferred in 4Q this year, back of the envelope numbers indicate close to THB 100 bn in value if not more
BJCHI took part in Bt10bn bids and expects to get US$60-70mn in contracts for pipe structure. Its backlog is Bt2.8bn, of which 50% is expected to be booked this year. (Thun Hoon, 02/11/16)
BWG got an 8.5MW waste power plant via subsidiaries, Recovery House Co., Ltd and Ava Grand Energy. It expects a contract to be signed within Feb 2017. (Kao Hoon, 02/11/16)
Comment: It’s a bit strange that the other 19MW were not distributed yet, are “acquisition costs” the reason for it?
CCP expects growth in 2016 brought by public investment and new projects. Its backlog is Bt2.5bn, which can cover revenue until 2018. It sees a positive outlook in 2017. (Thun Hoon, 02/11/16)
CRANE expects its business to bottom out and turn around next year. It plans to extend its business to foundation work, supported by public projects. It expects to get Bt300mn worth of jobs. It targets this to comprise of 50% within 2-3 years. It plans to list The Crane Service Co., Ltd. It has Bt200-300mn crane orders. (Thun Hoon, 02/11/16)

FIRE’s board approved purchasing Chillmatch Co., Ltd and will change its name to HARN Engineering solution (HARN). It expects 2017 revenue to double and reduce expense by Bt10mn each year. It expects 2016 revenue to grow 10% as targeted with Bt300mn backlog. (Thun Hoon, 02/11/16)
FSMART expects to get more AIS clients using its Boon Term top up machines after it launched a marketing campaign (no fee for top-up of Bt50). (Kao Hoon, 02/11/16)
Comment: I’m in 2 minds about this news re AIS and 7-11, effectively CPALL is just saying “hey we are only going to charge you the same as we do everyone else what’s the problem with that?” and really what is? Or you can go down the sinister route and think that True is using CPALL to squeeze AIS out of the pre-paid market
HPT plans to set up distributors in Cambodia and plans to expand to AEC. It hopes these moves will double revenue. It plans to sign on a partner. It expects 2017 revenue growth of 20% on a positive outlook from large orders. (Thun Hoon, 02/11/16)
IRPC expects to report 3Q16 net profit of Bt1.3bn (+55%YoY) today with GIM above US$12. (Kao Hoon, 02/11/16) IVL IVL expects strong sales in 4Q16 despite it being low season. Behind this this higher sales from its acquisition. It expects 2016 revenue to grow 20% as targeted. It expects EBITDA margin to reach 11.5% aided by oil price. (Thun Hoon, 02/11/16)
KTB expects a good performance this year with net profit before provisions of Bt60bn. It expects a better margin after it adjusted its portfolio by focusing on SME and retail customers. It expects its ”global market” business to contribute good revenue. It expects 2017 loan growth of 3%, targeting coverage ratio of 130-140% within three years. (Thun Hoon, 02/11/16)
MAKRO entered into an agreement via subsidiary Siam Food to buy 80% in four food companies in Singapore, Hong Kong, and UAE with total value of Bt3.05bn. (Kao Hoon, 02/11/16)
Comment: Arguably they are buying suppliers, or is it left pocket right pocket?
NNCL is studying investment in 110-125MW power plants, Phase 3 at Nakorn Ratchasima IE. It also plans to ask its board for permission to invest in 50-60MW power plants, Phase 2 (30% stake), valued at Bt2.5bn in December and expects to commence operations in 2018. It expects its performance to be good because 125MW power plants, Phase 1, are already operating.. (Thun Hoon, 02/11/16)
OCEAN plans to invest in Phase 2 of a solar cell project. It expects this to cut electricity expense by Bt2mn/year. It targets average revenue growth of 20% within 3-5 years. It plans to implement cost control and boost its sales. It expects exports to comprise 40% and expects to get orders from Myanmar. It plans for business expansion in order to support its performance. (Thun Hoon, 02/11/16)
PREB plans to launch a Bt350mn condo at Saphan Mai. This will increase its backlog from Bt600-700mn, which can cover revenue through next year. It expects to get more public projects to boost revenue. It expects transfers to lead to a better performance in 2016 than last year. (Thun Hoon, 02/11/16)
SPA continues its expansion plan. It will open its 27th branch of Let’s Relax at Airport Link Phayathai. It expects this to focus on tourists. (Kao Hoon, 02/11/16)
  1. A funny anecdote at a business function I was recently at in Bangkok, there were a few investors who told me that they had dumped their minor holdings in PS because they couldn’t be bothered going through the share swap process and reading the prospectus they had been sent.

    Could shareholder apathy and laziness go someway to explain the share price weakness I wonder.

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.