BA expects 2H17 to be supported by tourism recovery. The company is going ahead with its new flight routes. It expects to get the EIA approval for the expansion of the Samui Airport to increase the number of flights to 70 per day in 3Q17. It is also benefiting from the kitchen expansion at the Chiang Mai Airport. The company expects revenue growth of 10-12% this year. (Thun Hoon, 30/6/17)
Comment: Tourism has not declined, there’s no need for a recovery, BA will grow with the industry as well as taking market share from other airlines as it has consistently done for the past decade

BAFS expects ICAO to lift its red flag within July, faster than previously expected. The company expects fuel sales to increase 4% or 5.88mn liters, in line with the increase in the number of flights. The pipeline project is proceeding as planned. (Thun Hoon, 30/6/17)

BANPU expects 2Q17 earnings to be above Bt2.7bn, up 864% YoY, backed by a coal price of US$79/ton. (Kao Hoon, 30/6/17)

BTS long term growth prospects are strong after winning the Pink and Yellow Lines, which expanded its network to 132 km and supports other integrated businesses. The company expects earnings growth of 93% this year. (Thun Hoon, 30/6/17)
Comment: Rough #’s indicate this all adds 1-2 baht/share

CKP expects 2H17 to be supported by the 120 MW contribution from BIG2, which is expected to generate Bt2.2bn in revenue, and a big increase from last year’s net profit of Bt55.05mn. The company expects to be able to finalize the deal for a major hydropower plant near Xayaburi in Laos worth Bt130bn within this year. (Thun Ho on, 30/6/17)

CPF acquired 95% of “Paulsen Food GmbH”, a meat distributor in Germany worth Bt466mn. The deal is expected to complete soon. (Thun Hoon, 30/6/17)

DTAC aims to focus on revenue and earnings of services without IC this year. EBITDA is expected to increase by 60% to be supported by more sales promotions in 2H17. It expects to sign its partnership contract with TOT on the 2300 MHz in 4Q17. (Kao Hoon, 30/6/17)
Comment: Believe it or not this company will have the cleanest balance sheet in the sector.

HMPRO expects 2Q17 earnings to be around Bt1.1bn, up 12% YoY from more branches and improved margin. This will result in 1H17 profit of Bt2.2bn, up 16% YoY. (Thun Hoon, 30/6/17)
Comment: Despite no SSSG, this earnings improvement comes from selling more inhouse brands.

The BoT gave the nod to BAY to develop new financial service technology under the Regulatory Sandbox. BAY is the first Thai bank to use Blockchain’s Interledger technology to improve capability and speed in real time international banking. (Thun Hoon, 30/6/17)

PTTEP expects 2Q17 earnings of around Bt7.8bn, up 200% YoY with sales volume of nearly 300KBD. (Thun Hoon, 30/6/17)

SIRI management expects 2H17 to bring improved condominium demand, supported by government policies. The company will look at the numbers again in October to see if it will revise its strategy for the year. (Kao Hoon, 30/6/17)

SPA is in talks with local partners in CLMV to add more branches in 3Q17. It also reported its first branch in China is doing better than expected and it will open additional branches there. The company will open one more spa in a hotel by end of this year. Revenue is expected to grow 30% YoY. (Thun Hoon, 30/6/17)

SUSCO expects oil price to remain in the US$40-50/bbl range, which supports demand for fuel. It expects sales volume of jet fuel to grow 10% YoY from strong tourism. CLMV market is also expected to grow 15% YoY. Overall oil sales are expected to grow 8% YoY. (Thun Hoon, 30/6/17)

WHAUP shareholders approved a par split from Bt5/share to Bt1/share as well as approved a Bt5bn loan. (Thun Hoon, 30/6/17)

WORK expects to see a new high in 2Q17 from increased advertising rate to Bt65,000 per minute from Bt62,000 per minute thanks to a new sales strategy. (Thun Hoon, 30/6/17)

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.