BCH signals strong 2H17 performance, driven by revenue from Social Security patients and better performance at WMC. (Thun Hoon, 27/7/17)
Comment: WMC had been a drag on BCH ever since they launched it 4-5 years ago. The market is still betting on a turnaround in #’s something that has yet to be sustainable. 
BCPG finished deal to invest in 182MW underground power plant. This will be booked in 3Q17. (Khao Hoon, 27/7/17)
DELTA says 2017 earnings growth will miss expectations due to Bt733mn in tax provisions. It believes earnings will recover in 3Q17 as it has many orders. (Khao Hoon, 27/7/17)
HMPRO signals 2H17 performance will be better YoY, driven by a lot of orders. It expects 2017 revenue growth of 8-12%. It plans to invest Bt400mn to expand abroad to boost long-term growth. (Thun Hoon, 27/7/17)
NWR issues bonds worth Bt2bn, 3-year term with interest rate of 4.5% per year. This is to pay off old bonds and used as working capital to invest in new projects. (Thun Hoon, 27/7/17)
Comment: It is just incredible that bonds can be sold for such low rates especially given the financial history of this firm.
SCC board approved a dividend of Bt8.5/share, XD on August 7. The 1H17 earnings are Bt30.638bn, driven by strong petrochemical business. It plans to invest Bt180bn in a petrochemical complex in Vietnam but this will have no effect on dividend. (Khao Hoon, 27/7/17)
Comment: The dividend was lower than what analysts expected with most hoping that the 2H divvy will be higher so that SCC maintains its historical dividend policy. This petrochemical complex in VN is a bold move.  
SIRI signals brighter 3Q17 earnings. It is accelerating the launch of three new projects worth Bt10bn to reach backlog at Bt34bn. It plans to do a roadshow abroad to boost year-end sales. (Thun Hoon, 27/7/17)
Comment: The perfect example of a marketing machine. 
  1. I don’t think the average retail investor can price risk properly here..NWR looking at the fundamentals is an 8-9% minimum company if they issued those bonds in Australia.

    • Australia does have a higher base for interest rates, but point well taken, do think it should really be mid teen’s for a company such as NWR.

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