BCPG will generate 53MW electricity in 2018 from power plants in both Thailand and Japan. It estimates 2018 investment budget of Bt4bn to develop projects and plans to focus on green energy investment project in Asia and Australia. It projects earnings to grow by 15% annually in 2018-2022. It also plans to conduct a roadshow in Hong Kong and Singapore. (Thun Hoon, 8/1/18)
BTS believes its company will grow significantly in the next five years; it projects revenue growth of 27% annually and earnings growth of 25% per year, backed by solid current backlog. It also targets to expand routes fourfold from 36 km to 136 km after the North Green, Pink and Yellow lines are all operating. (Khao Hoon, 8/1/18)
DTAC expects 4Q17 earnings to grow significantly at 1,220%, reaching Bt397mn. It projects 2017 earnings of Bt1.970bn, dropping by 5.5% YoY with 2018 earnings of Bt554mn, a plunge of 71.9% after it began to make the payments for 2300 MHz. (Khao Hoon, 8/1/18)
Comment: That news announcement regarding TOT gave DTAC’s stock price some life again.
FN targets 2018 revenue to grow by 10% backed by a new campaign to promote tourism in secondary cities. It plans to open two branches in the East and to renovate three existing branches. (Khao Hoon, 8/1/18)
Comment: We have been looking at this name, at a certain price it will be attractive but other than 2 of its locations we don’t see much foot traffic..
GLOBAL targets 2018 revenue to grow by 10% from 2017 as it is adding more clients and will be opening ten new stores. It says deal to build the store in Cambodia is proceeding and it expects the store will generate revenue in 2Q18. (Thun Hoon, 8/1/18)
JWD has budgeted Bt1.4-1.5bn for M&A as it is negotiating with 4-5 companies, both domestic and foreign, expecting to finalize at least two deals this year. It also expects finalize its investment in Vietnam in 2Q18. It expects every quarter in 2018 to be a new high and plans to expand its logistics business in Indonesia. It also targets to expand its warehouses in two cities . (Thun Hoon, 8/1/18)
Comment: They’ve been slow on all their plans I don’t expect for them to achieve their corporate targets this year.
RS is focusing on full expansion into the health and beauty market and targets revenue from this business at Bt2.5bn per year. It plans to launch 30 new products, the first at the end of January, and will start s new sales channel. It also plans to add new content to raise its ratings in 2018 and its ad rate to Bt700,000 per minute. (Thun Hoon, 8/1/18)
Comment: Believe there’s a typo in the raise, it should a 70,000 baht ad rate. The owner continues to buy shares even at these lofty levels, should we just close our eyes and follow it?
VCOM plans to raise revenue from overseas market by 100% as it believes the Myanmar market is growing well and sales from Cambodia will grow significantly. It plans to maintain its existing customers at home and expand its service business, targeting a rise in revenue proportion from this business to 50%. It targets 2018 revenue to grow by 25% and will focus on clients in the financial and bank sectors. (Thun Hoon, 8/1/18)
WHAUP announces it already started commercial operation of Gulf TS4 power plant in the beginning of January. It says its power plant investment plan has been accomplished after opening five power plants and production capacity has reached 509.7MW. It also says 33.2 MW capacity is in the process of development and construction, which it expects to COD by 2019. (Thun Hoon, 8/1/18)

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