BCP expanded its upstream petroleum business with the acquisition of a Bt3.76bn field in Norway. (Kao Hoon, 22/6/18)
BEM has amended its agreement with CK to speed up the construction of the Blue Line, targeting operational startup on August 14, 2019, ahead of the original schedule of September 2019. (Kao Hoon, 22/6/18)
GPI expects revenue to meet this year’s target growth of 20-25%. It is holding discussions with four potential partners and expects to finalize this the end of this year. (Kao Hoon, 22/6/18)
Comment: This name should be worth a look, its a decent play on the MICE theme for Thailand
HMPRO will open nine stores this year, targeting revenue growth at more than 5% from Bt64.23bn last year. (Thun Hoon, 22/6/18)
Comment: Shift to private labels continues to work wonders for their margins
Anan Asavabhokin buying LH shares. LH informed the SET that Mr. Anant Asavabhokhin will make a voluntary partial tender offer to purchase 1.194 bn shares (10% stake) of the company at the price of Bt11.80 per share, which will lift its holding in LU to 33.93% from 23.93%. (Kao Hoon, 22/6/18)
Comment: This is to basically take the stake from GIC, and guess what what it’s fully funded by SCB…
META sold two of its solar farms in Japan with total capacity of 23.40 MW to Scarlet Maple Investments for Bt87mn, realizing gain of Bt41mn. (Kao Hoon, 22/6/18)
MFEC signed an MOU with JVC (JMART subsidiary) to develop Payment Gateway Solution, expecting to start this up in October this year. JVC plans to invest in Pra-in Fintech, a subsidiary of MFEC, to take no more than 25%, and will finalize this by August 2018. (Kao Hoon, 22/6/18)
Comment: We’ve often wondered when MFEC would begin to achieve its potential in the market. Hasn’t happened…
NDR expects a turnaround to profit in 2Q18, thanks to full recognition of FKRMM revenue. It expects revenue to grow 20% this year to Bt1.1bn. It plans to invest Bt50mn in an automation system to enhance efficiency. (Kao Hoon, 22/6/18)
PLE expects a continued rise in net profit in 2Q18. It has backlog of Bt13.413bn. It expects its revenue to grow to Bt8bn. It plans to bid for new projects worth Bt50bn in order to lift its revenue to more than Bt10bn next year. (Kao Hoon, 22/6/18)
PTTEP completed the transaction to acquire another 22.2% in Bongkot, lifting its stake in Bongkot to 66.6667%. (Kao Hoon, 22/6/18)
TACC is confident that 2H18 earnings will improve from 1H18 after getting back to normal in 2Q18. Impact from sugar tax has been resolved. It will launch a steady stream of new products. The distributor right for “Rilakkakuma” Japanese charactor has started contributing revenue. (Kao Hoon, 22/6/18)
TITLE is expanding its arena continually by purchasing the land in Bang Tao beach, Phuket. The land portfolio is expected to support a property business for the next 6-10 years with total value of Bt10bn. The revenue target in 2020-2022 is Bt6bn. The company currently has presales of above 90% of project value and has Bt1.5bn bookings awaiting transfer. (Thun Hoon, 22/6/18)
TOA’s 2018 revenue might be lower than the 10% growth target. The company is expanding production capacity overseas with a goal of raising overseas revenue contribution to 20% in 2023. (Kao Hoon, 22/6/18)
Comment: Main issue for them is margin’s more than revenue targets in the short term.

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