BJCHI targets more projects to lift gross margin above 30%. It expects 15% p.a. revenue growth over the next three years. In 2015, it expects to receive 5-6 projects with value of Bt10bn from clients in Australia and Latin America and aims to diversify its client base more to the Americas. (Krungtep Turakij, 13/03/15)
Comment: The slightly smaller version of STPI still continues to do very well.
CCN expects to receive more government projects backed by political stability in Thailand. It expects revenue growth of 20% this year and is talking with partners to expand its IT business. (Thun Hoon, 13/03/15)
Weaker baht helping. CPF’s shrimp and overseas businesses will benefit from the weaker baht and this will boost 2H15 profit. Gross margin of livestock will improve and 2015 profit will reach Bt12.6bn. (Kao Hoon, 13/3/15)
KTB says loan growth in Jan–Mar was stable but expects 2Q15 will be better, backed by rising loans from large clients. It said that liquidity is still okay. (Kao Hoon, 13/03/15)
Comment: Liquidity shouldn’t be a problem for Thai Banks for a long time because of their loan loan-to-deposit ratios still being less than 1x on average.
LIT will coordinate with KCM to lend Bt100mn to educational institutions. It expects strong 1Q15 earnings backed by healthy loan growth in Jan-Feb and targets 30% revenue growth this year. It plans to issue and offer Bt500mn debenture for business expansion, expected to finalize in 2Q15. (Thun Hoon, 13/03/15)
LOXLEY will invest Bt100mn into 6-digit lottery selling system and views on-line lottery will solve the problem of overpricing lottery tickets. It is in the process of checking 5.5K online lottery machines and has found that 70% can be used. (Kom Chad Luk, 13/03/15)
MTLS is feeling the benefit from lower interest rate and expect 1Q15 earnings to grow 40%, as targeted. It plans to start operating nano finance in May to clients numbering around 500-600K. (Kao Hoon, 13/03/15)
Comment: One fear that friends have mentioned is that Thailand has a serious sub-prime problem growing, and with this nano financing its only going to exacerbate things further.
NWR is confident operations will turn around in 1Q15. It already won Bt3.2bn contracts in 2M15 and expects to win an additional Bt8.6bn. It expects revenue will increase by 15% this year. (Kao Hoon, 13/3/15)
Comment: Used to be in this share years ago when the turnaround first began, but at this valuation it doesn’t make any sense to invest in it at all.
OGC expects revenue will grow by 10% this year. It will expand overseas markets. It will do R&D for crystal wine glass for high-end users including hotels and restaurants. (Kao Hoon, 13/3/15)
PDI announces 3-year investment of Bt4.0bn for expansion in alternative energy business. However, it expects slow earnings in 2015, dragged down by lower zinc orders. (Kao Hoon, 13/03/15)
PREB expects Bt6.7bn revenue this year or up 10% YoY as it now has Bt9.0bn backlog on hand. It plans to list “Buildland” on the SET by end-2015 or beginning of 2016. (Thun Hoon, 13/03/15)
Comment: Again a perfect example of a construction company that has become a property developer.
PTTGC is studying plan to handle lower natural gas in Gulf of Thailand. It is also looking for new raw materials to replace natural gas. It will invest in a U.S. petrochemical complex using shale gas as a raw material. (Kao Hoon, 13/3/15)
SEAFCO expects its revenue and profit will grow by 15% this year. It has backlog of Bt1.39bn which will be booked as income in the amount of Bt500mn quarterly. It will bid for new jobs of no less than Bt500mn a quarter. (Kao Hoon, 13/3/15)
TPCH expects its revenue to grow by 80-90% this year. It will raise power capacity by 30MW to 40MW by year end. Net profit will jump 200%. (Kao Hoon, 13/3/15)
TTA expects UMS will turn around to a net profit this year as organization restructuring will be completed. It expects to sell more than 700,000 tons of coal. (Kao Hoon, 13/3/15)
TTA reaffirms it welcomes to consider buying the remaining 12% of BCP shares. This depends of conditions. It is studying 2-3 businesses, one of which is renewable energy both in Thailand and overseas. It has investment cash of Bt3-4bn. (Krungthep Turakij, 13/3/15)
Comment: They don’t have the cash necessary to buy anything at the moment, not unless they raise more capital yet again.
WHAPF announced Bt173mn dividend payment or Bt0.1850/unit, 7% annualized yield, for its operations during Aug 14–Jan 15 for unit holders whose names are registered on March 20, 2015. Payment is on March 31, 2015. (Post Today, 13/03/15)