BPP is expanding in both domestic and international markets. It bought a 28MW solar farm in Japan. It plans to invest US$82mn in 2H17 in both M&D deals and auction in order to underwrite long-term growth. (Thun Hoon, 26/7/17)
SET asks EARTH for more detailed explanation. The SET is responding to the company’s restructuring proposal submitted to the Bankruptcy Court on July 24. The deadline to file its explanation with the SET is July 27. (Khao Hoon, 26/7/17)
FSMART signals 2Q17 performance to be record high, driven by expanding to 110,000 Boonterm machines with pre-paid amount of Bt16bn or 50% of 2017 target. It believes it can expand to 122,000 machines this year. (Khao Hoon, 26/7/17)
GUNKUL insists that there is no problem with its BE. It says it has no plan to increase capital. To date it has been granted a PPA for 489MW with COD of 178MW. (Khao Hoon, 26/7/17)
HMPRO posted 2Q17 earnings of Bt1.13bn, +14.19%. 1H17 earnings were Bt2.18bn, +17.26% with two new stores in Thailand and one in Malaysia. (Khao Hoon, 26/7/17)
Comment: This is with very very low revenue growth, all of this earnings expansion have come from the shift to its own branded products in stores and Malaysia losing less.
IVL announced the completion of power production expansion in Europe, driving the production power in Rotterdam to 700,000 tons/year. This is expected to start commercial operations in August 2017 and will lift overall production power to 1 million tons and increase competitiveness. (Khao Hoon, 26/7/17)
Comment: And with the exercise of W1 completed they now have W2 to ensure that the share price stay high..
LHBANK to announce a successful partnership with CTBC Bank on August 4. It believes this will enhance growth significantly in the future in private banking, digital banking, and trade finance. (Thun Hoon, 26/7/17)
RJH signals 2Q17 earnings to be better than last year, driven by more patients. It targets cash revenue in 2020 at 60%, recently at 55%. It plans to expand its Japanese customer base. The plan to build a 9-floor buildings is in the process of obtaining its EIA. (Thun Hoon, 26/7/17)
WORLD’s board approved the sale of its education business to get cash of Bt1.7bn that it will invest in the real estate business. It believes that the backlog this year will be worth around Bt6.5bn. It aims to be the top real estate developer within five years. (Khao Hoon, 26/7/17)
Comment: An NPL company, and another real estate developer in Thailand, as if there aren’t enough…

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.