BGRIM is going ahead with an investment in a solar farm in Vietnam after Vietnam government extended the COD time frame to the end of 2020 and raised the tariff. Electricity demand in Vietnam is increasing. It expects to set up 200MW more in power plants, up from current 677MW in Vietnam. (Thun Hoon, 28/9/18)
Comment: 1GW is on the cards for Vietnam, just wait and see
CPN has opened the tender offer for GLAND at Bt3.10 per share. The tender offer will end on Oct 31. (Kao Hoon, 28/9/18)
Comment: A mandatory tender offer post their 51% acquisition
ERC to extend consideration of Glow deal. The Energy Regulatory Commission (ERC) plans to extend the consideration deadline for the takeover deal between Glow Energy Plc and Global Power Synergy Plc (GPSC) to mid-October from today. (Bangkok Post, 28/9/18)
GULF is going ahead with the investment in a solar farm in Vietnam after the Vietnam government extended COD time frame to the end of 2020 and raised tariff. Electricity demand in Vietnam is increasing. It expects to set up 200MW more power plants, up from its current 460MW in Vietnam. (Thun Hoon, 28/9/18)
IRPC expects to book a stock gain in 3Q18 after crude oil price hit US$80/bbl. It has upgraded the production capacity of MARS project to 1.1-1.3mn tons/year and benzene production to 500k tons/year. It expects to renew itself via its “IRPC 4.0” plan to become the digital leader of the petrochemical sector. (Kao Hoon, 28/9/18)
MVP expects 2H18 results to jump, supported by high season. It has many jobs in hand. It is the organizer of 31th Thailand Mobile Expo 2018 on Sep 27-30. This provides 40-50% margin and will be booked as revenue in 3Q18. It targets revenue growth of 50% this year. (Kao Hoon, 28/9/18)
PTT announced a dividend payment in October. It expects to pay a dividend of Bt0.8/share, providing revenue of Bt11.6bn to the Commerce Ministry in FY2019. This year’s return is higher than last year. Today, the board will consider partnering ith BEM or BTS to bid for the high-speed rail link for three airports. (Kao Hoon, 28/9/18)
RML expects 4Q18 results to be the year’s peak. It will book revenue from subsidiary KPML. It targets revenue of Bt5bn this year. Backlog is Bt6bn which will be booked as revenue through 2020. It expects to launch an office for rent and condominiums with total value of Bt15bn, raising revenue. (Thun Hoon, 28/9/18)
Comment: As is typically the case with all real estate developers..but the KPN addition does change the picture for RML 
5% TFF yield seen. State Enterprise Policy Office (Sepo) expects Thailand Future Fund (TFF) to yield an average three-year return of 5 per cent per annum. Prapas Kong-ied, Sepo director-general, said TFF sets free float at no less than 60 per cent, using small lot first as its subscription method. The fund’s initial public offering units are set at Bt10 apiece with the subscription period being October 13-16. Institutional investors will be able to subscribe TFF units from October 20. (The Nation, 28/9/18)
Comment: They had best launch it quickly given how interest rates globally are beginning to rise
TTA expects 2H18 results to be outstanding, supported by rise of BDI and growth in shipping demand. MML revenue will recover as there is no ship maintenance scheduled for the remainder of this year. It is continuing to control costs and expand its food business. It expects Pizza Hut to breakeven at the end of this year. (Thun Hoon, 28/9/18)
Comment: And yet…its a rubbish company…

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