BTC has budgeted Bt105mn to invest in the logistics business. It expects to show a net profit this year. It is interested in investing in alternative energy. (Thun Hoon, 20/11/15)
Comment: A logistics alternative investment firm, well why not.
CENTEL has budgeted Bt2bn to invest in hotel and food businesses. It expects 4Q15 earnings to be good on seasonality. It expects 2015 revenue of Bt20bn. (Thun Hoon, 20/11/15)
Comment: If they could only figure out how to run the food business property versus just cost cutting then this company could be valued far higher.
CHO revised down 2015 revenue growth from 10% to 2% because 9M15 revenue slowed down on opportunity loss as it prepared for an NGV project. (Khao Hoon, 20/11/15)
CHOW expects its Japan power plant to supply 11MW electricity in November, equal to 23MW in all. It plans to expand in the alternative energy business. (Khao Hoon, 20/11/15)
CPR plans to invest in a new product line because of the slowdown in the automotive sector. It expects 2015 net profit to achieve target of Bt50mn after reaching Bt40mn for the first nine months. (Thun Hoon, 20/11/15)
GPSC targets to increase supply of electricity by 19% every year for the next five years. It plans to acquire 2-3 companies, with the deals expected to be finalized by 1Q16. It expects this to increase its electricity capacity. (Khao Hoon, 20/11/15)
JMART expects 2015 revenue and net profit to mark a record high backed by 4G. It plans to launch The Jas Sri Nakharin on Nov 20. It expects to achieve 100% occupancy by the end of this year. (Thun Hoon, 20/11/15)
Comment: JMART…love the owner, but I still prefer to stay away.
KBANK expects 2016 loan growth of 6-7% basked on 3% GDP growth undergirded by Bt1.77trn public investment and 20% higher budget deficit. It plans to expand abroad in the AEC+3. It targets loans from abroad to grow 80%. (Thun Hoon, 20/11/15)
Comment: Perhaps 2016 may finally be a recovery year for the banks after a shameful 2015 (tisco, scb, ktb!)
PF expects 2016 revenue growth of 10% from this year’s target of Bt14.4bn. It plans to launch 14 new projects, valued at Bt19.28bn. It is talking to a prospective partner to invest in five community malls. It plans to set up a Bt6.7bn REIT. (Khao Hoon, 20/11/15)
PREB says US investors are interesting in buying PREB shares because of its strong fundamentals. It expects a decision soon. It plans to take part in Bt2bn in bids with a goal of raising its backlog from Bt7.8bn now. It expects 2015 revenue to achieve target of Bt6.7bn. (Khao Hoon, 20/11/15)
PS plans to launch Plum Condo Central Station phase 2, valued at Bt2bn, soon. (Khao Hoon, 20/11/15)
STEC has won the double-track project (Klong19-Kang Koi) with a bid of Bt9.8bn, Bt100mn below the reference price. SRT expects to sign the contract for this project in December. (Khao Hoon, 20/11/15)
Comment: No surprise here, the owner of STEC expected as much, now watch for the projects to continue to be evenly split amongst the rest of the major contractors
TCMC expects 4Q15 earnings to reach a new high backed by numerous orders and extra gain from subsidiaries. Its 3Q15 revenue and net profit grew 81.86% and 98.43% respectively. It expects 2016 revenue of Bt3bn. (Thun Hoon, 20/11/15)
THCOM says Thcom7 has sold 100% of its capacity after reaching an agreement with Grant Investrade Ltd. (Thun Hoon, 20/11/15)
Comment: There are fears that THCOM will lose some customers in Australia and other regions hence the drop in share price.