TRIS revises BGRIM rating to A with stable outlook with current total production capacity of 1779 MW and to reach 2518 MW in 2022. (Khao Hoon, 11/4/18)
BTS says FY2019 revenue will grow 200%, driven by the South and Green mass transit lines (BaringSamut Prakarn) startup in December. It is also going to book revenue from the Pink and Yellow lines. (Khao Hoon, 11/4/18)
Comment: A lot of this is going to be from the property side. Regardless they’ll be benefiting left right and centre from this new expansion
CKP said Xaiyaburi water power plant will start up sooner than expected. The first test will be November 2018 as construction has reached 90% completion. (Khao Hoon, 11/4/18)
HMPRO says purchasing power is recovering. It plans to add eight stores at home and one new store in Malaysia. It expects revenue growth to grow more than 5% with same-store sales growth of 3-4%. (Thun Hoon, 11/4/18)
MC plans to add 30 selling points to the current 890 points with a total investment cost of Bt100mn. The investment budget includes IT system development and new product launches. (Thun Hoon, 11/4/18)
King Power is helping PACE via buying land, hotels, scenic viewpoint and CUBE retail building. King Power will have King Power Mahanakorn take a 51% holding in PACE project 1 and 51.28% holding in PACE Project 3. (Prachachart, 11/4/18)
Comment: And the asset is nearly gone, so who wants to bet on PACE’s management’s ability to turn this around?
SCC to invest Bt3.6bn to develop technology to support its business and be more competitive in the future. (Thun Hoon, 11/4/18)
TKN says 1Q18 sales growth was 12%, but earnings are not strong due to higher seaweed costs. It plans to continue in China via digital marketing and will enter the US in 2H18. (Thun Hoon, 11/4/18)
Comment: Despite the great sales growth earnings aren’t going anywhere and its going to continue to be a drag. The next thing this company will have to worry about is how to shift to new brands/products

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