AP target 11 new launch total Bt16.24b in 2Q (1 SDH Bt3.4b, 8 townhome Bt7.24B & 2 condos Bt5.6b), sees 4M22 sales topped Bt16.15b (Bt13.52b horizontal & Bt2.62 vertical), Bt31.93b backlog assures earnings visibility, firms on Bt47b full year revenue target.

Comment: I do wonder if all the increases in commodity prices, will the construction co’s be able to eat up the losses on margins if they didn’t book in advance the raw mats, and could projects not be completed thereby hampering the developers? This scenario probably would not occur for the larger players, but the smaller ones…

MILL maintained Bt20b FY22 revenue target, sees healthy demand for steel for high-speed rail & dual rail construction projects, expects raw material under control from existing inventory & domestic supply.

NOBLE booked Bt7b 1Q22 presales, 25% of Bt28b whole year target, boosting backlog to Bt16b, plans 6 projects in 2Q, including Bt2b New Kukot Station on May 21-22.

SAAM will transfer 3 biomass power plants construction projects in JPN total 120mw worth Bt331m in 2Q, upbeat outlook from surged demand for renewable construction, mulls expanding solar portfolio to boost recurring income.

SABUY sees growth momentum into 2Q from 5 core business in 38 companies, seeks crypto license to launch 2 digital coins, CRM token and FiiT token.

Comment: If only they could explain that THB 100 mn in other revenue that seems to represent 95% of their profits in 1Q22

SCC sees solid growth momentum in 2Q, as re-opening in TH and Asean boost demands for cement and chemical, yet rising CPI may dent purchasing power, cut costs by raising alt energy sources to 50% by end of year, revenue from LSP in VN to help boost revenue next year.

Comment: There’s the little thing called coal prices that is smacking their margins in cement.