AUCT will focus on urban areas in the east next year and is preparing to expand its line of business to boost revenue. (Khao Hoon, 26/11/15)
Comment: Still a wonderful asset-light business model, but don’t care much for its valuation at the moment
CSS expects to have 2015 revenue of Bt4.8bn and get a project in Myanmar on the boom in communication. Its current backlog is now Bt1.3bn. (Thun Hoon, 26/11/15)
Comment: With a backlog of only thb 1.3bn there’s no way it can justify its current valuation….but retail seems to believe otherwise, management obviously doesn’t give his continuous selling of stock
DTAC reports that roaming data usage this year has grown 50% with voice roaming slipping around 10%. Total revenue from roaming is Bt600mn, close to last year. (Khao Hoon, 26/11/15)
EGCO plans to 5-year investment of Bt91bn in order to expand power plants. It expects to generate profit of Bt10bn in 2017. (Thun Hoon, 26/11/15)
Comment: There’s something interesting happening here with EGCO being one of the few utility companies to potentially grow 20% p.a. for the next 5 years.
MC plans to expand in AEC especially in CLMV. Its 9-month revenue was Bt2.6bn backed by more branches and new products. (Thun Hoon, 26/11/15)
Comment: Their business model isn’t working just yet.
PSTC plans to buy a power plant next month and also aims to partner in an investment in alternative energy. (Thun Hoon, 26/11/15)
Q-CON expects 2016 revenue to grow more than 10% with aggressive move to AEC. It plans to have international revenue composition of 10% in the future. (Thun Hoon, 26/11/15)
SMPC expects this year’s revenue to be the highest in 34 years backed by recovery of exports, low commodity prices and weak baht. (Thun Hoon, 26/11/15)
Comment: 80% of their business is exports, I don’t understand yet what makes them competitive but with LPG prices being subsidised maybe thats why overseas customers are willing to buy from them?
SPALI aims to open more than 20 projects. It expects minimum revenue of Bt10bn or 20% growth in 2015 compared to last year. (Thun Hoon, 26/11/15)
TSE expects to win the bid for a solar farm after proposing to sell electricity of 70MW. (Thun Hoon, 26/11/15)
VGI expects 10% revenue growth and is considering raising its holding in LED Advance to over 30%. (Thun Hoon, 26/11/15)
Comment: While I may laugh at their underperformance, the BTS now has what…some 70 stations, at 220+ stations in the future does this imply that VGI’s earnings could grow 3x?
TRUE insists that it has no plan to increase capital. It paid cash for the license it won at the auction yesterday. (Khao Hoon, 26/11/15)