BIG adjusts revenue target growth to 15% from 10% supported by camera market growth. It plans to start up “Print Gift” services in May to increase net and gross margins. (Kao Hoon, 17/03/16)
Comment: One interesting tidbit here is with the model cycle, when new models are released the older models will naturally see a drop in price, however BIG’s % margin shall remain the same and it’s the supplier that will be squeezed
CHO expects 2016 net profit will be better than last year. It expects revenue growth of 5- 10% supported by backlog of Bt650mn. It will know the outcome of its suit against the BMTA in 6 months or a year. (Kao Hoon, 17/03/16)
DAII sets 2016 revenue target growth at 15%. It plans to find a partner to do home building business in Vietnam. It expects to be No.1 in home building business in five years. (Kao Hoon, 17/03/16)
EASTW expects 2016 net profit growth with a new target revenue growth of 5% from 2015 supported by high sales water quantity. It is considering increasing fees to reflect its cost. (Thun Hoon, 17/03/16)
ECF expects earnings growth of 12-15% YoY in 1Q16 supported by more furniture orders. It has budgeted Bt40mn to buy new machines. It targets 2016 revenue growth of 15%. (Thun Hoon, 17/03/16)
EPCO targets 2016 profit growth at no less than 50%. It plans to take over a Thai-Japan 300- 400MW power plant. It plans to issue a debenture worth Bt1bn and increase capital via PP worth Bt750 to support EP, which will list on the SET in 2016. (Thun Hoon, 17/03/16)
FIRE expects 2016 profit to be a new high, supported by more orders for new products. It plans to expand products abroad. It expects to bid for a big project worth Bt100mn this year. (Kao Hoon, 17/03/16)
GRAMMY expects a lower loss in 2016. It is confident that the music business is strong and will continue to make a profit. It expects its TV business “ONE-GMM 25 channel” to break even sooner than expected. (Kao Hoon, 17/03/16)
Comment: As much as I am waiting to see this business go bankrupt, it’s not like GRAMMY has done anything wrong, they’ve made the right business moves but the market isn’t there yet.
Still facing the March 28 deadline. THE CENTRAL Administration Court’s temporary injunction against cutting off Advanced Info Service’s 2G service has no impact on the Monday deadline for JAS Mobile Broadband (JASMBB) to pay its first instalment of the upfront licence fee, the regulator said yesterday. (The Nation, 17/03/16)
Comment: The 21st will be a funny day.
MILL expects 1Q15 earnings to be good supported by domestic steel price recovery. It has backlog of more than 4,000 tons. It targets 2016 revenue of Bt20bn. It has already signed an MOU to invest in Vietnam and will be starting business this year. (Thun Hoon, 17/03/16)
MTLS targets loan growth of no less than 50% each year within two-years. It expects earnings to continue to new highs. It continues to add new branches upcountry to support new loans. It will hold a roadshow in Hong Kong. (Thun Hoon, 17/03/16)
Comment: The owner has been on a road show spree telling the whole world that he’ll grow 50% for 3 years since 2015, and he’s done it so far, but the stock price is just damn expensive.
ORI target 2016 revenue growth of 99% to Bt4bn with profit continuing to new high, supported by backlog of Bt6.9mn. It will launch 8-10 new projects worth Bt10bn and has presales of more than Bt7.5bn. (Kao Hoon, 17/03/16)
S sets 2016 revenue target of Bt7bn, 50% from the property business and 50% from rentals. It has budgeted Bt15bn for acquisitions in 2016. It expects to finish two acquisitions abroad this quarter. (Kao Hoon, 17/03/16)
SC expects revenue from low-rise in 1Q15 to increase 5%. It expects presales and revenue to grow 20% in 2016. It is preparing to launch 10 projects worth Bt24bn. (Kao Hoon, 17/03/16)
SOLAR has good news: the EPPO approved to free up 100MW in solar rooftops. It will get 50MW to support earnings. It got a job to install solar cells at Thammasat university worth Bt350mn in the first phase. It expects revenue of Bt400mn from Bt134mn in 2015. (Thun Hoon, 17/03/16)
UAC plans to negotiate with a partner to increase distributors to expand its products to Myanmar. It plans to increase customers in the CLMV. It will buy new machinery with a capacity of 10,000 tons/year. It sets 2016 target growth at 20% to Bt1.8bn. (Kao Hoon, 17/03/16)
Comment: I’ve always liked this company but they haven’t performed as well as management would have liked to.