ARROW expects to receive many mega projects and will double production capacity of electricity conduits to support upcoming government projects. It targets 2018 revenue to grow by at least 10-20% to Bt1.6bn and to maintain margin at 25-30%. It currently has backlog of Bt960mn. (Thun Hoon, 15/03/18)
Comment: Well we’ve been waiting to see the construction material players benefiting from the government projects but nothing’s been happening for 2 years, perhaps this will finally be the year when you start to see some activity?

BEAUTY expects continued growth in 1Q18. It is going to sign a contract to sell product big-lots to a Chinese distributor this month. It targets 2018 revenue to grow by 20% to Bt4.29bn. Dr. Suwin says he will maintain his holding at at least 20%. (Khao Hoon, 15/03/18)

EGCO sold shares in EASTW equal to 18.72% stake at a price of Bt16.78/share. higher than market price. It expects to receive proceeds of Bt5.226bn. (Khao Hoon, 15/03/18)
Comment: The stock (EASTW) had a brief spike on two occasions as a result of this news but its quiet since

GFPT targets 2018 sales growth of 5% in tandem with growth in exports in both Thai and overseas markets. It says China is officially allowing imports of Thai broilers and expects this to raise sales growth from exports to 10% from last year’s export volume of 100,000 tons. It projects broiler price will remain high at Bt32/kg. (Thun Hoon, 15/03/18)
Comment: In the end it will depend upon the price of broilers.

GOLD expects rental revenue to increase by 10% thanks to a full year of revenue of FYI Center and higher rental fees. It says the construction of Sanyam Mitrtown has reached 30% completion and is expected to open its doors in October 2019. (Khao Hoon, 15/03/18)

HARN expects 2018 revenue to grow 10-12% and projects earnings to rise by 18% as it is focusing on high-margin products and administrative expenses have decreased. It benefits from baht appreciation and currently has backlog of Bt380.90mn, of which 80-90% will be booked as revenue this year. It says it will close the deal on acquiring a digital business within this year. (Khao Hoon, 15/03/18)

HUMAN targets 2018 revenue and earnings to grow by 20-30% from last year. It plans to launch three new HR products at the end of 2Q18 and is going to close the deal to acquire two accounting and finance firms in March. It targets to expand its customer base by 50,000 customers. (Khao Hoon, 15/03/18)

KCE announced a par split from Bt1 to Bt0.5 and a dividend of Bt1.10/share, XD on March 26. (Thun Hoon, 15/03/18)

KTB targets 2018 loan growth at 4-6% and to maintain NPLs at 4%. It says it has already set reserves to accommodate the new accounting standard. It is going to sell AQ assets to repay AQ’s debt of approximately Bt10bn after obtaining court approval, which will turn non-performing loan into earnings immediately as it already set aside reserves for this debt. (Thun Hoon, 15/03/18)

TTCL’s board approved the issuance of 336mn new ordinary shares, of which 168mn shares will be sold through a rights offering, 56mn shares through private placement and the rest will serve for the exercise of 112 units of TTCL-W1, which will be distributed to shareholders for free in a proportion of five existing shares for one warrant. It also plans to list its subsidiary, TTPHD or HoldCo on the SET in order to fund the energy business. It will request shareholder approval on April 27. (Khao Hoon, 15/03/18)
Comment: Looks like things are going for bad to worse for this group, perhaps there are deeper issues than the management is letting on, could explain why the japanese group exited.

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