BM is preparing for government infrastructure auctions worth billions of baht. It plans to revise up revenue growth to over 20%, driven by many orders. It has backlog of Bt300-400mn. (Khao Hoon, 24/4/18)
DNA to cooperate with a big bitcoin mine in China to manage efficiency there with revenue sharing from “digging” coins of 5%. (Thun Hoon, 24/4/18)
Comment: What vision! What innovation! What a POS…
DTAC signed a contract with TOT for 4G LTE-TDD on 2300 MHz, Thailand’s first such. Its 1Q18 earnings are Bt1.3bn, compared to last year’s Bt229mn, +474%. (Thun Hoon, 24/4/18)
Comment: This could be the game changer for DTAC, but they have to do something about the constant loss of customers. Management does argue that they are low value but regardless it doesn’t bode well for them over time.
GULF is bidding in a gas power plant auction in Oman this June. It is studying investment in a 1,000MW gas power plant in the US. Investment budget is estimated at Bt2030bn. (Khao Hoon, 24/4/18)
ITD signed a contract with EGAT for projects in Mae Moh, in total worth Bt31.6bn. (Khao Hoon, 24/4/18)
MTLS shareholders approved a rename of Muang Thai Leasing (MTLS) to Muang Thai Capital (MTC). They also voted to pay dividend of Bt0.18/share with XD on 27 April. ( Thun Hoon, 24/4/18)
PTT trades at the new par today. Today is the first day of trading at the new par of Bt1 after splitting from Bt10. The price is expected to go up. (Khao Hoon, 24/4/18)
Comment: And the par split magic works for PTT
PTTEP says it is ready to compete in the auction for Bongkot and Erawan fields after EPPO’s official announcement of the TOR today. Those meeting qualifications will be announced in May 2018 and the winner will be announced this year. (Khao Hoon, 24/4/18)
Comment: 1Q numbers came out strong, now…that apparently is with oil prices at USD 40…oil today is at USD 60-70 depending if you’re looking at WTI or brent..so could PTTEP’s earnings go up by another 50%?
RATCH to invest Bt1.3bn to take the remaining 20% in RATCH-Australia Corporation Limited (RAC), putting it at a 100% shareholding. (Khao Hoon, 24/4/18)