CAZ expects revenue growth of 30-40% this year. Backlog is Bt2.8bn. It will bid for two projects, with at least one project to be decided this year. (Thun Hoon, 23/1/19)
Comment: Regardless it was still an IPO flop

CRD signed a construction contract valued at Bt145mn. It expects to get jobs with total value of Bt317mn this year. Management targets revenue of Bt1.6-1.8bn this year, with 60% of revenue from private jobs and the rest from government work. (Thun Hoon, 23/1/19)

DTC expands its food business via acquiring 51% of Epicure Catering. It hopes the acquisition will boost its solidity and give it opportunities via foreign market expansion. (Thun Hoon, 23/1/19)
Comment: I still see this company’s business model looking rather different within the next 5-10 years, and that’s a positive sign.

EPG expects revenue of more than Bt10bn in 2020FY, supported by expansion in all businesses and a clear path to a general election. 4QFY19 is expected to be outstanding boosted by increase in orders and low oil price which reduced material costs. (Thun Hoon, 23/1/19)
Comment: They should be a beneficiary from the decline in oil prices, rather surprised that the price hasn’t moved more – same goes for TASCO and PTG

GPSC board approved capex of Bt24bn to purchase 250MW Energy Recovery Unit (ERU) and steam of 175 tons/hour, which are a part of TOP’s Clean Fuel Project (CFP). The setup is expected to complete in 3Q23, adding to its electricity production capacity. (Kao Hoon, 23/1/19)
Comment: Left pocket right pocket?

KWM is cooperating with a Chinese company to import production technology in order to reduce cost. It expects profit to increase by Bt20-30mn a year from the new technology and widen gross margin into the double digits. Management targets revenue growth of 20% this year with new product launches. (Thun Hoon, 23/1/19)

SCI expands to new business. It has joined with a large company to set up a mobile rental business which will open next month, targeting low-income customers who need to upgrade their mobile version every year. As for its main business, it has received new jobs with current backlog of Bt200mn. It targets revenue of Bt1.7bn this year, supported by new customers and demand in Myanmar. (Thun Hoon, 23/1/19)
Comment: Their dreams were Laos were dashed.

SONIC will invest as planned. It has set capex of Bt200bn to invest a land-sea-air logistics system. It will enter into CLMV markets to increase total revenue to reach a record high of Bt1.3bn this year. (Thun Hoon, 23/1/19)

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.