BGRIM is acquiring power plants with many hundred MW in cooperation with partners. It plans to invest in power plants in Vietnam and South Korea. It expects 2018 revenue growth of 20%. It is financially strong with cash of Bt20bn (Kao Hoon, 27/8/18)
BTS expects fare revenue to reach Bt6bn in two years, growing from the fare revenue of Bt1.8bn expected this year. Management says it is preparing a Bt80bn budget to cover four years of investment and will keep its D/E ratio at 1.5x. (Kao Hoon, 27/8/18)
Comment: Just a machine, regardless of every problem the company has faced it will continue to print money
GFPT expects 2H18 revenue to recover as domestic broiler price has risen to Bt37/kg. It expects 3Q18 revenue to recover after growth in exports, especially to China. It expects export volume of 31-32k tons this year. Feed cost has decreased in line with the fall in the price of corn. (Thun Hoon, 27/8/18)
Comment: A quick recovery in chicken prices
GPSC shareholders approved the purchase of GLOW shares both direct and indirect with total required capital of Bt141bn. It will issue domestic and foreign bonds worth Bt68.5bn and borrow Bt110bn from four local banks. It plans to delist GLOW from the SET. (Kao Hoon, 27/8/18)
GULF expects revenue this year to be good. It expects revenue to go over Bt10bn. It will start commercial operations of two power plants in 2H18. Over the next seven years it expects revenue to reach Bt130bn. It has signed a PPA with EGAT for total capacity of 11,000 MW. It is investing in Vietnam and plans to set up hydroelectric and coal power plants. (Kao Hoon, 27/8/18)
Comment: Interesting that their new CFO was the former head of SCB Asset Management
IRPC expects 2018 earnings to grow YoY. 1H18 earnings were Bt6.8bn and it will not close its refinery for maintenance and repair in 2H18. It expects to book Bt160mn extra gain from sale of land in 3Q18. Its investment plan is on schedule as it is close to closing an M&A for Galaxy this year. It expects average GIM this year of US$14-15/bbl. (Thun Hoon, 27/8/18)
NVD says it expects revenue growth of 30% this year. It expects to transfer Ban y an Tree Residence Riverside Bangkok condominium this year. Current backlog is Bt3bn and it expects to book Bt1bn of backlog as revenue in 2H18. (Kao Hoon, 27/8/18)
Comment: The growth driver for the short term is the Banyan Tree Residence, THB 6bn to be transferred between 4Q18 and 1Q19
NYT expects 2H18 results to be good supported by high season and automotive industry growth. It plans to raise parking fees and warehouse rent in Laem Chabang. It expects revenue of Bt1.4bn this year. (Thun Hoon, 27/8/18)
SNC has expanded into auto parts and electronics in Europe. It is negotiating with two parties and expects to know the outcome this year. It hopes that the expansion in Europe will widen its margin. It expects 4Q18 revenue to recover backed by orders for air conditioners from Japan and South Korea. It expects 2018 earnings to be better YoY. (Thun Hoon, 27/8/18)
SPA expects to acquire both Thai and foreign customers in 2H18. It expects revenue growth of 25% this year. It says that it has been selected as one of Thailand’s top three businesses and one of the top 200 SMEs in Asia-Pacific. (Kao Hoon, 27/8/18)
WICE expects 2H18 results to grow YoY backed by order growth. It is benefiting from the depreciation of the THB. It is looking for partners to gain synergy in international logistics and is negotiating with 2-3 parties now. It expects revenue to be a record high of Bt1.8bn this year, growing 30%. (Thun Hoon, 27/8/18)
XO expects 2H18 sales to be a record high after it expanded its customer base in Europe. It has raised its sales price by 1.6%, which will increase revenue. It expects production capacity utilization to be 70% from the current 50%. Management expects revenue growth of 10-15% this year. (Thun Hoon, 27/8/18)
Comment: And its suddenly started selling very well in Europe. 

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