BDMS sets 2018 revenue target to reach Bt100bn supported by foreign customers. In 2016, It budgets Bt6bn to renovate its hospital and buy medical equipment. (Khao Hoon, 22/04/16)
Comment: Given the way that Prasert continues to buyback shares in BDMS he must have a lot of faith in the business’ ability to grow from 70 bn today to 100 bn in 2 years.
IHL expands its business to high margin. It plans to open a protein factory to support revenue and expects this to be operational in June. It targets 2016 revenue of Bt2.5bn from Bt2.2bn in 2015 supported by more orders and new business. (Thun Hoon, 22/04/16)
Comment: Well if you believe in an automotive rebound and IHL’s ability to shift its product mix then sure.
ITD expects 2016 revenue of over Bt60bn and 2017 revenue of Bt130bn after getting a new job worth Bt200bn. It plans to deal with French investors to bid for the Pink and Yellow lines jointly. (Khao Hoon, 22/04/16)
NUSA plans to expand its business to ASEAN. It plans to cooperate with partners to set up JVs as well as invest by itself. It expects to make a decision in 3Q16. It is confident that 2016 revenue will hit the target of Bt2bn, up from Bt1.2bn in 2015, supported by more pending transfers. (Thun Hoon, 22/04/16)
PTTEP is negotiating with a partner to buy petroleum business in Thailand and Southeast Asia. It plans to cooperate with PTT to diversify its LNG business in Malaysia. It expects to sell petroleum of no less than 3,320,000 bbl/day this year. (Thun Hoon, 22/04/16)
PS expects 1Q16 net profit of Bt1.3bn or growth of 45% supported by a 23% increase in revenue from property to reach Bt10.3bn and a 17.4% fall in SG&A due to the government’s stimulus that reduced transfer fee. (Khao Hoon, 22/04/16)
PYLON got a job worth of Bt150mn and expects to sign the contract soon. This will lift its backlog to Bt750mn. The company will bid for new projects worth Bt1bn to support revenue in the future. It confirms that 2016 revenue will hit the target of Bt1.2bn supported by more projects. (Thun Hoon, 22/04/16)
Comment: Still don’t believe that its earnings justify the current valuation – read overvalued
SEAFCO is confident that revenue and profit in 2016 will be outstanding. It expects revenue to exceed its target of Bt2bn after it got a big job. It expects earnings in 1H15 to grow, supported by its backlog of Bt1.03bn and bids for new jobs worth more than Bt1bn. It expects to issue a debenture worth Bt130mn. (Thun Hoon, 22/04/16)
Comment: Same as PYLON