BWG plans to expand waste power plants by 50MW. It targets 100MW within five years. It expects 2016 revenue to be good backed by Bt100-200mn revenue from selling electricity, beginning in 3Q16. It plans to list its subsidiary. (Thun Hoon, 15/12/15)
Comment: They do seem to have a lot of momentum behind over the past few years. I do remember a decade ago BWG had several issues w/ environmentalists and local residents but it seems to have been able to move on.
ILINK expects to get projects from ADVANC, DTAC and TRUE (rental of fiber optic cable). It expects 2015 revenue to be higher than Bt3bn and expects to grow significantly next year. It expects to get Bt10bn new projects. (Thun Hoon, 15/12/15)
Comment: ILINK’s stock, like several others, just collapsed in the last 2 weeks but there are still going to benefit from all this IT expansion that Thailand has.
IRPC expects UHV project to start up in 2Q16. It expects this to increase its refinery efficiency. It is talking to PTTGC about an M&A. (Khao Hoon, 15/12/15)
KSL expects 2016 revenue growth of 5-10% backed by increase in sugar cane production from 8.6mn tons to 9mn tons. It expects sugar price to be stable at US$0.14-0.15/lb. It plans to invest in the power business with TSE. It has budgeted Bt800mn to expand ethanol plants. (Thun Hoon, 15/12/15)
NCL expects 4Q15 net profit to be positive. It expects to get Bt100mn in domestic freight. It is considering investing in Indonesia, Vietnam, and Cambodia. It expects exports to comprise 50%. It expects 2016 revenue to grow 30%. (Thun Hoon, 15/12/15)
NWR is talking to prospective partner to expand its business line. It is confident it has potential to take part in huge projects. It expects 2016 net profit to be good on the back of Bt600mn extra gain. It targets revenue growth of 15% from Bt30bn projects. It expects to show net profit in 4Q15 aided by transfers. (Thun Hoon, 15/12/15)
PTT expects biological plastic to contribute Bt40bn in revenue in 2020. It is budgeting Bt10bn to expand its business. It plans to ask approval for its investment budget from its board to take into account the lower oil prices. (Khao Hoon, 15/12/15)
RS has budgeted Bt100mmn to support channel 38 with the concept “Bantoeng Ma Tem”. It expects to increase ratings by adding new variety programs. (Khao Hoon, 15/12/15)
Comment: Again the issue for RS is still the industry, yes they have may a 1000% growth in earnings in 2016 but that’s from an incredibly low base.
SENA expects its 46.5MW solar farm to operate this year. It expects this to contribute revenue from Jan 2016 onward. It targets 100MW solar cells within three years. (Khao Hoon, 15/12/15)
Comment: It’s not helping the stock price at all
SOLAR expects to get 600MW solar farm projects today. Management says it expects to get EPC job for another 100MW. (Thun Hoon, 15/12/15)
Comment: From what I’ve been told this is a temporary bump in EPC work and they have nothing ready for 2H16
SRICHA’s backlog is Bt2bn backed by Bt1bn from a new project. It expects to get a Bt5bn project from Amec Foster Wheeler next year. (Khao Hoon, 15/12/15)
TPCH targets 2016 revenue and net profit growth of 100%. It expects three biomass power plants (40MW) to operate soon. It plans to take part in 36MW PPA. It targets capacity of 200MW within five years. It plans to invest in power business abroad. (Thun Hoon, 15/12/15)
Comment: They just spoke about the aim to have 90 MW in Cambodia ready in 3 phases which is impressive, and while some may say this is a risky endeavor, I think it’s good that the company diversifies away from the Thai government
TRC expects 2016 revenue of Bt5bn backed by Bt6.8bn backlog. It is ready to take part in upcoming bids. It is talking to a prospective partner to invest in power plants in neighboring countries, valued at Bt10bn. (Khao Hoon, 15/12/15)
TSE reports it meets qualifications for solar farms in government units, 9 projects or 45MW from 14 projects. The winner will be announced on Dec 15. It expects the project startup in Sep 2016 if it gets this project. (Thun Hoon, 15/12/15)
Thai Union to axe supplier pacts by 2016 – TU, the world’s largest canned tuna processor and a global leading seafood processor, was criticized for sourcing shrimp from illegal factories. TU has said it will stop working with all external pre-processors by Dec 31 to avoid being embroiled in slave labour, after it could not verify whether its subsidiaries sourced seafood from illegal subcontractors. The company decided to bring all processing operations in-house starting in January 2016, to allow TU full oversight of all processing stages. It said “all processing work will be directly controlled by TU, ensuring that all workers, whether migrant or Thai, are in safe, legal employment and are treated fairly and with dignity. It said it will hire the more than 1,000 workers that will lose their jobs by this move. (Bangkok Post, 15/12/15)
Comment: Then perhaps they will be able to go on their next M&A spree. Otherwise the stock price will decline back to single digit multiples.
VIBHA expects 2016 revenue to grow 10% aided by investing via Vibha Ram hospital. It plans to open 8 hospitals within five years. It expects 2015 net profit to reach new high.