BGRIMM
BGRIM signed an agreement to buy shares in an industrial waste power plant with capacity of 4.8MW, which it expects to COD by December 31, 2019. It will add capacity of 73.8MW in 1Q18 and expects capacity will increase by at least 450MW in 2018. It believes total capacity will be at least 5,000MW by 2021, with an investment budget of Bt10bn per year. (Thun Hoon, 22/12/17)
BTS
BTS is going to bid for three big sky train projects next year. It believes it will win the construction of the Gray Line and LRT. It plans to request the concession to run the Orange Line and expects passengers to grow 3-5% and fares by 1% in 2018. It also says it will start the construction of the Pink and Yellow lines right after MRTA transfers the land. (Thun Hoon, 22/12/17)
CGD
CGD has budgeted Bt1.65bn to buy 19 rai of land on Rama 3, on which it plans to develop a big project. It is issuing a bond of no more than Bt600mn on December 21-22 and 25-26 to support its future investment. (Thun Hoon, 22/12/17)
Comment: 19 rai = a multi use project, so perhaps it could be a hotel + condominiums + shopping centre, then again I don’t’ really care much for this company
DCON
DCON plans to launch a condominium, Phraek Sa, worth Bt1.5bn in April 2018. It is going to transfer the ownership of DCON Prime Rattanathibet at the end of this year and plans to launch a new promotion campaign on March 2018 to boost presales. It intends to raise the proportion of revenue from real estate rise to 50% in 2019. (Thun Hoon, 22/12/17)
Comment: Then you could expect a similar performance in its share price as what happened in 2013/2014 in 2019.
EA
EA is negotiating to invest in a new renewable power plant in Asia, which it expects to finalize soon. It is in the process of finalizing its 2018 business plan, which it expects to be done in February 2018. It says it will book a full year of revenue from a 404MW power plant in 2018 and expects Hanuman wind farm will start commercial operations in 4Q17. It also plans to build more biodiesel factories at an investment cost of Bt1.5-2bn . (Thun Hoon, 22/12/17)
Comment: The real question for EA is when will the battery technology investment pay off? If it doesn’t you’re looking at 50% downside from here, if it does the there’s little upside left.
IRPC
IRPC’s 2018 revenue and earnings are expected to make a new high after production capacity has risen to 210,000 barrel/day, while oil price and gross refining margin are remaining high. It will also book a full year of revenue from IRPC-CP power plant. It has budgeted Bt5.5bn to invest to improve its production efficiency. (Thun Hoon, 2 2/12/17)
PTG
PTG is pre-commissioning a palm oil production complex project, which it plans to run at full capacity in 1Q18. This will raise total production capacity to 650,000 liters/day. It expects to book Bt5-6bn/year in revenue from this project. (Thun Hoon, 22/12/17)
Comment: Just another step for this company to diversify its earnings away from the petrol stations.
RSP
RSP partnered with a Cambodian company to establish a joint venture company, Rich Avenue, to distribute Converse and Pony in Cambodia. It plans to open 2-3 Converse shops and 1-2 Pony shops in Cambodia in 2018. It also projects 2018 revenue to grow by 15%. (Khao Hoon, 22/12/17)
VCOM
VCOM closed at Bt4, increasing by Bt1.12 from its IPO price of Bt2.88, a rise of 38.89% on its first trading day. It is considered a growth stock and will pay a dividend of at least 50% of net profit. (Thun Hoon, 22/12/17)
VGI
VGI targets revenue to grow on average by 20% per year in the next 5 years and plans to continue to acquire media business in overseas. It projects 2017/2018 fiscal year revenue to grow by 30% from the growth in media businesses. (Thun Hoon, 22/12/17)

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