BTW says big projects received this year will grow revenue and earnings. It projects 2018 revenue growth of at least 10%. It currently has backlog of Bt900mn, of which 80% is going to be booked as revenue this year. It plans to bid for new projects worth approximately Bt7bn. It also plans to expand overseas. (Thun Hoon, 01/02/18)
Comment: They seem to be having issues winning new projects.
CSS received DTAC’s Bt650mn telecommunication system installation job. It expects to receive more works as DTAC is steadily expanding its network through 2020. It plans to expand its energy business after an investment in a hydropower plant in Laos. It targets 2018 revenue to grow 10% to Bt5bn and it has backlog on hand of Bt1.8bn. (Khao Hoon, 01/02/18)
III targets revenue to grow by 20-25% annually for the next five years. It says air shipping has an outstanding growth outlook this year and projects its storage management business in Don Mueang Airport will generate revenue of Bt80-100mn/year. It plans to expand to CLMV. (Thun Hoon, 01/02/18)
ILINK is going to bid for new projects worth Bt3.8bn, which will raise its backlog, now at Bt3.18bn and which will be booked as revenue through 2020. It targets 2018 revenue to grow by 10% backed by high backlog that will be booked as revenue and its trading business. It says it has a new contractor for Suvarnabhumi utilities project phase 2 after the previous contractor quit the project and it believes the work will be completed on time in June. (Thun Hoon, 01/02/18)
Comment: So they have to bear the costs related to this airport project which includes finding a new subcontractor. Turnaround play at one time?
ORI targets revenue of Bt27.5bn in five years with 2018 revenue of Bt15bn, implying growth of 67%. It targets presales to grow by 34% to Bt20bn. It is going to launch 14 projects worth Bt30bn and will launch three mixed-used projects located in the middle of the city worth Bt70bn. It plans to develop more single house and townhouse projects and develop projects in EEC. (Thun Hoon, 01/02/18)
Comment: Mixed use developments are the latest trend for developers. It does look like ORI is trying its best to be the largest property developer in Thailand.
PTTEP has budgeted Bt24bn to buy 22.2222% of Bongkot, raising its stake to 66.6667%. This will increase its sales volume by 35,000 bbl/day. (Khao Hoon, 01/02/18)
SUPER expects to start the construction of a 240MW wind power plant in Laos in mid-2018 and to COD in 2019-2020. (Thun Hoon, 01/02/18)
Comment: Still waiting to see whether or not this infrastructure fund is going to happen for SUPER
TACC projects 2018 revenue to grow by 10% as it plans to launch 2-3 new products to drive sales. It plans to adjust the new formula for its beverage to use less sugar to reduce the effect from tax on sugary drinks. (Khao Hoon, 01/02/18)
THCOM halted its plan to launch Thaicom 9 and it says it does not have a plan to build any new satellite until 2021. It will adapt new technology for satellite management to lower the cost in order to raise its competitiveness. It plans to transform to digital in 2018. (Khao Hoon, 01/02/18)
Comment: Well…its a falling star, they will have to come to an agreement with the government sooner rather later.
TTCL has budgeted US$350mn or Bt11.2bn to expand production capacity of Ahlone power plant in Myanmar with current capacity of 356 MW. (Thun Hoon, 01/02/18)