BAY targets 2018 loan growth at 6-8% and it believes performance will be better than last year’s in tandem with economic recovery. It will maintain NPLs under 2.5% and coverage ratio to be at least 140%. It has budgeted Bt20bn for a three-year investment in technology (2018-2020) in order to expand to digital. (Thun Hoon, 02/02/18)
Comment: The whole sector is finally undergoing a shift with the realisation that their non-interest income i.e. fee income is going to decline over time and their loan growth figures are not going to return to double digit’s as they were 5-6 years ago.
BCP targets 2018 sales of Bt200bn brought by rising demand and crude oil price. It has budgeted Bt110bn for business expansion at home and overseas over five years. It plans to list subsidiary BBGI in the stock market, finalizing the plan by the end of this year. (Thun Hoon, 02/02/18)
Comment: A determined growth machine
BCPG targets 2018 EBITDA to grow by 20% from the booking of profit from both existing and new projects. It has budgeted Bt30bn for three years of investment at home and overseas (20182020). (Khao Hoon, 02/02/18)
Comment: Their mission is to grow, and fast.
BGRIM reports it has started commercial operation of 133 MW AMATA BGRIM Power 3 on 1 February. It says three more power plants will start commercial operation this year, which will raise production capacity to 399 MW in 2018. (Khao Hoon, 02/02/18)
D has acquired three dental clinics for Bt25-35mn and it will book the revenue from these clinics in 1Q18, driving 2018 revenue and earnings to new highs. (Thun Hoon, 02/02/18)
LPN is going to launch 10 condominium projects worth Bt15bn and it targets presales at Bt18bn. It currently has backlog of Bt7.4bn, which will be booked as revenue through 2019. (Thun Hoon, 02/02/18)
RICHY expects 2018 earnings to make a new high and targets revenue at Bt3bn. It is going to book Bt2bn of its backlog from total of Bt4bn. (Khao Hoon, 02/02/18)
SPCG issues 50mn new ordinary shares through PP to Kyocera for Bt20.87/share, receiving funds of Bt1.043bn. It plans to use the funds for business expansion domestically and overseas. The stake of Kyocera in SPCG has increased to 6.87%. (Khao Hoon, 02/02/18)
Comment: No surprise here, the only surprise is that it took so long for SPCG to find a new deal. And with the adder running out on their existing plants it was time for them to find new projects to utilise their cashflows.
THCOM announced an interim dividend of Bt1.36/share after booking the gain from the sale of CSL shares of Bt1.885bn; XD is April 4 and payment on April 25. It reports a 2017 loss of Bt2.65bn. (Khao Hoon, 02/02/18)
WHA is negotiating to sell 1,000 rai of land and is going to complete the deal to sell a large 300 rai plot for Bt1bn in 1H18. It believes 2018 land sales will rise to 1,400 rai and revenue will grow by 25%. It says it is interested in raising funds via ICO, which it expects to finalize by the end of this year. (Khao Hoon, 02/02/18)