BKD to progress on new business plan. It says it expects 2H17 performance to be outstanding due to high season. It plans to get a new project worth Bt5bn. (Thun Hoon, 23/8/17)
Jiffy to replace 7-Eleven at PTT stations. PTT Plc, the national oil and gas conglomerate, plans to start replacing 7-Eleven stores at its petrol stations with its own Jiffy marts well ahead of the expiry of its license for the convenience store franchise in 2023. (Bangkok Post, 23/8/17)
Comment: Would mean 10% of CPALL’s stores may be gone.
HMPRO revised down 2017 revenue growth to under 8-10% as purchasing power has yet to recover. At the same time, It expects 2H17 earnings to be better than 1H17. It plans to add 4-5 stores in Thailand and Malaysia. (Khao Hoon, 23/8/17)
Comment: But their bottom line may still continue to grow as they are shifting more to inhouse products
NWR has so far signed 9 contracts worth Bt5bn. It plans to join auctions for projects worth Bt70bn. It recently submitted its bid documents for the Mabkrabao – Jira project. (Thun Hoon, 23/8/17)
PTTEP says 3Q17 sales will be 290,000 barrel/day after the resumption of production at S1. (Khao Hoon, 23/8/17)
PTTGC targets 2017 revenue growth of 26%. It says 3Q17 earnings will be strong. It says the Max project will add Bt3.2bn to earnings this year. (Khao Hoon, 23/8/17)
S says it expects to turn around this year, driven by booking revenue from Sing Complex and Santabuti Residences in 4Q17. It aims to change into a holding company in 2020. (Khao Hoon, 23/8/17)
Comment: After all this capital raising it better start to show something for it.
SENA expects 2017 revenue growth of 20%, driven by current backlog of Bt3.6bn. It plans to open three new condominiums worth Bt4.86bn. (Thun Hoon, 23/8/17)
Comment: The upside is far less compared to what it used to be. A decent small-mid tier property developer.
TOP expects from oil inventory gain of Bt2bn due to higher oil prices. It expects 2017 to have GIM of US$8-9/barrel. (Khao Hoon, 23/8/17