BGRIM to expand alternative energy business in ASEAN. A solar farm project in Vietnam with 100 MW will be clear within 2Q18. (Thun Hoon, 30/3/18)
Comment: The entire renewable/alternative energy space has been rocked by the comments from the Energy Minister.
FSMART said banks’ cancellation of fees on digital transactions will not affect its business since its customers are totally different. It expects revenue to grow 15-20% and plans a new campaign to boost Boon Term machines. (Khao Hoon, 30/3/18)
Comment: And at lunch today they announced a share buy back program
JWD to invest Bt1.7bn to close four deals that it expects to boost revenue and earnings. It targets 2018 revenue growth of 10% and plans to bring “Global Food Service” to the market. (Khao Hoon, 30/3/18)
KTC said it has issued more new credit cards in 2M18. It targets an increase in credit cards of 280,000 in 2018. It also says credit card spending in 1Q18 is good. It plans to stimulate spending during Songkran. (Thun Hoon, 30/3/18)
MEGA targets 2018 revenue growth of 8% with earnings growth of 12%. It plans to launch 10- 15 new products and to invest Bt800mn to build a new warehouse. It has put off the launch of new products with MALEE to 4Q18. (Khao Hoon, 30/3/18)
NETBAY says it benefits from EEC, with the digital era increasing demand for its Netbay Gateway. It targets 2018 earnings to grow 15-20%. It also plans to expand to AEC. (Thun Hoon, 30/3/18)
NYT expects higher revenue in 2018 than in 2017, in line with the overall automotive industry. It expects car exports this year of 1.2 million. (Thun Hoon, 30/3/18)
Comment: A monopoly on car exports
SCB, KTB, and TISCO are the biggest shareholders of SSI with 88.58%, following the restructuring. (Khao Hoon, 30/3/18)
Comment: I still see this deal as a massive mistake by all involved, it just didn’t make sense.
TMB is certain SME loans will grow as targeted at 8-10% after good signs in 1Q18. (Khao Hoon, 30/3/18)
  1. I take his comments with a grain of salt, he’s only minister until next year in which a new govt is supposedly formed, why is he commenting on 5 yrs into the future?

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