BIGC plans to open new branches and renovate old ones this year. It expects to increase its gross area with an eye to generating substantially more revenue. It plans a securitization. (Thun Hoon, 11/02/16)
Comment: Now that the deal with TCC Group is only 1.5 months away from being sealed n delivered, the thinking goes to, how will they be able to monetise the assets of BIGC? How quickly will they launched a potential rumoured REIT? He’s done ok with stripping assets out of F&N to pay off the debt load, wouldn’t be surprised to see the same strategy unfold here.
CSL’s board has approved as DPS of Bt0.2/share. It will ask shareholder approval on March 28. It reported 2015 net profit of Bt315mn (Bt0.53/share) backed by core business recovery and got the data center projects. (Thun Hoon, 11/02/16)
EVER says The Politan Rive condo has achieved Bt4.08bn in presales (74%). It expects this project to sell out by 1H16 (Bt6.28bn) and begin to contribute revenue in 2019. It plans to launch phase 2 soon. (Khao Hoon, 11/02/16)
Comment: Ahhh this magical name…..stay away.
GL targets new loans of Bt20bn from the current level of Bt10bn, mainly from Bt14bn in international loans (Cambodia, Laos, and Indonesia), Bt5bn from GL, and Bt1bn from a subsidiary. (Post Today, 11/02/16)
Comment: Well that would explain the valuation today, but still its tough….just doing some back of the envelope numbers and it already expecting some THB 20 bn in total loans BUT that’s assuming…a spread of 23%…no NPL’s…
GEL expects 2016 revenue to reach Bt2-2.5bn backed by backlog of Bt1.2bn. It is budgeting Bt700mn to set up a new plant to boost capacity by 40,000 tons/year. It plans to list subsidiary “MCTRIC” this year. (Thun Hoon, 11/02/16)
Comment: That’s interesting…arguably a competitor to SCP but with higher revenues..
GENCO plans to focus on power business. It is backed by strong financials with D/E at 0.14x. It plans take over two biomass power plants (9MW) and expects to sign the MoU this year. It expects RDF (refuse derived fuel) business to be good backed by high orders. It expects 2016 revenue to be over Bt1bn thanks to transfers. (Thun Hoon, 11/02/16)
GOLD expects 2016 revenue to grow 10% contributed by large orders. It plans to launch Bt15bn in new projects. (Thun Hoon, 11/02/16)
Comment: And the upcoming UVREIT where they will spin off Sathorn Square
INTUCH expects 2015 net profit of Bt15.8bn supported by subsidiaries. It will pay a dividend of Bt2.4/share, equal to 4.3% dividend yield. (Khao Hoon, 11/02/16)
NNCL plans to restructure its business by expanding integrated IE and add a focus on the power business. It expects the power business to provide steady growth. Some projects will be announced soon. (Thun Hoon, 11/02/16)
PT expects 4Q15 earnings to reach a new high with 67% growth thanks to seasonality, Bt200mn recurring income every quarter, and Bt300mn in uncompleted projects from last quarter. It expects 2016 revenue to be good aided by Bt2bn in orders from mobile operators. It expects to get projects from Myanmar that will support growth for the next three years. (Thun Hoon, 11/02/16)
SC targets 2016 revenue of Bt15bn aided by Bt8bn backlog, of which 50% is expected to booked this year. It plans to launch ten new projects valued at Bt24bn. It expects these projects to lift 2016 presales to Bt15bn. It is budgeting Bt5bn to acquire land. (Khao Hoon, 11/02/16)
SCC expects 2016 revenue growth to achieve its target of 5-10% mainly driven by better performance of the petrochemical business on higher spread and growth in cement exports. Its cash on hand for investment is Bt30bn. It plans to issue a Bt25bn debenture to refinance. (Khao Hoon, 11/02/16)
SPPT expects performance to turn around on the back of improvement in its production lines, cost controls, and large orders. It expects waste power plants to contribute revenue this year. (Thun Hoon, 11/02/16)
TAKUNI targets power capacity of 50MW. It plans to acquire one additional power plant with capacity 10MW, valued at Bt200mn. (Khao Hoon, 11/02/16)
TOP expects 2015 net profit of Bt11bn. It expects to pay a dividend of Bt1.2/share. (Khao Hoon, 11/02/16)