BCP has budgeted Bt77bn to expand its business over the next four years. It targets EBITDA to reach Bt30bn and market share to reach 18% in 2023. It targets production capacity of 135k bbl/day in 2020. (Kao Hoon, 14/11/18)
BEAUTY reported 3Q18 revenue of Bt1.08bn, +26%YoY. 3Q18 earnings were Bt329mn. 9M18 revenue was Bt2.84bn and 9M18 earnings were Bt868mn. It expects 4Q18 results to be better, supported by high season for the cosmetics business and the government help to stimulate tourism. It is distributing its products through “Cross Border E-Commerce”, pushing foreign sales, mainly in China. It expects sales to reach its target. (Thun Hoon, 14/11/18)
Comment: And QoQ it was ok as well, so, time to re-rate BEAUTY back to its previously ridiculously high numbers?
CPALL reported 3Q18 earnings of Bt5.15bn, driven by higher revenue from 7-Eleven and Siam Makro. It expects 4Q18 revenue to be better, supported by government tourism stimulus. (Thun Hoon, 14/11/18)
Comment: Better than expected #’s from CPALL. 
GULF reported 3Q18 earnings of Bt1.2bn, +78.25%YoY. 9M18 earnings were Bt2.48bn, backed by the startup of GBL power plant. (Kao Hoon, 14/11/18)
Comment: Apparently slightly below expectations but there’s still more to come from GULF
KIAT expects business to recover this year. It expects 4Q18 results to be better, supported by revenue from its subsidiary. It reported 3Q18 earnings of Bt30.94mn. It targets revenue growth of 30% this year. (Thun Hoon, 14/11/18)
PSH will book Bt11.78bn backlog as revenue in 4Q18 from total backlog of Bt35.75bn. 9M18 earnings were Bt4.09bn, +8.09%YoY, backed by lower SG&A expense. (Kao Hoon, 14/11/18)
SEAFCO reported 3Q18 earnings of Bt105mn, +133.57%YoY, driven by growth in government mega projects. It will pay an interim dividend of Bt0.05/share and plans to pay a dividend every quarter from next year. (Thun Hoon, 14/11/18)
SIRI reported 3Q18 earnings of Bt363mn, -50.23%YoY. 3Q18 revenue was Bt6.88bn, -6.3%YoY, due to a drop in SDH sales. It plans to launch two property projects with total value of Bt3bn. (Kao Hoon, 14/11/18)
Comment: OUCH! Their inventory #’s are scary….
TITLE expects 4Q18 results to be outstanding, supported by transfers of the first and second phase of The Title Nai Yang Beach. It expects revenue to reach Bt600mn this year, a record high. (Thun Hoon, 14/11/18)
TPIPL reported 3Q18 earnings of Bt512mn. Earnings turned around for the first time in six quarters backed by the startup of its 150MW power plant. Cement price rose by 5% and sales volume increased in line with the increase in construction projects. These have eased oversupply and brought its revenue to recover further. (Thun Hoon, 14/11/18)
Comment: TPIPP is doing well for TPIPL hence the sharebuybacks
WICE reported 3Q18 earnings of Bt30mn backed by high season for logistics and revenue from a subsidiary. It expects 4Q18 results to be better and it targets revenue growth of 30% this year. (Kao Hoon, 14/11/18)
  1. Hi Pon, is the news regarding the NBTC study into Telco towers and its health affects the reason for this latest weakness in the sector today? Can’t seem to find anything else.


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