CCP expects public projects to fill its backlog this year after orders for motorway projects are added to its backlog. It expects to get private projects, which will increase its gross margin to 5%. It expects the Thai-China dual-track project to progress. (Thun Hoon, 08/02/16)
ECF expects solar farm ECF-Tamado Energy GK in Japan to contribute revenue soon after operational startup. For the furniture business, it expects to expand its market at home and abroad by increasing distribution channels. It expects revenue from its core business to grow 10- 12%. For its retail business, 100 Yen Can do, It plans to open booths in 10 department stores. (Thun Hoon, 08/02/16)
GOLD plans to set up Bt10bn REIT, selling Sathorn Square and Park Venture into it. It expects a decision to be made by 1Q16. It expects this to gain Bt4.5bn in cash. It expects its FYI office center to contribute Bt631mn in revenue in this year. (Thun Hoon, 08/02/16)
Comment: That’s slightly inaccurate reporting, it’s UV and GOLD together setting up a REIT and it should be completed shortly.
NCH expects 1Q16 earnings to be good, backed by property incentives. It targets 2016 revenue of Bt2bn driven by transfers. It plans to launch a Bt2bn new project. (Thun Hoon, 08/02/16)
Comment: Arguably this is the last decent quarter that developers may show profit wise for the year, although given that pre-sale launches were minimal over the past 2 years since the coup, some are betting that we’ll begin to see huge presale #’s this year.
PTG is budgeting Bt4.5bn to open new branches and invest in the power business. It expects to complete a waste power plant deal by 2Q16. It is interested in investing in ethanol projects and expects these to be concluded in 3Q16. It targets 2016 revenue growth of 30-40%. (Thun Hoon, 08/02/16)
Comment: And the machine keeps growing and growing.
SAPPE plans to produce bottles rather than import. It expects this to reduce cost and increase gross margin. It expects 1Q16 earnings to achieve Bt361mn. It is talking to a prospective partner in China to expand its market to China. (Thun Hoon, 08/02/16)
Comment: Well they’ve been talking about China for as long as I can remember. The problem is that their product gets copied and they get wiped out.
STEC has signed a new contract for EPC of water and waste pipelines for a small SPP, valued at Bt953mn with Gulf MP Co. Ltd. It plans to take part in Bt30-40bn bids this year. (Thun Hoon, 08/02/16)
Comment: Construction firms took a small beating in the past few months along with the rest of the market, but as long as infrastructure projects continue to go ahead then they’ll continue to be fine.
SUPER expects to supply 500MW electricity by 1Q16. It expects to supply a 272MW solar farm at Sa Kaeo and Prachinburi if the EPPO unlocks city plan criteria on Feb 15. (Khao Hoon, 08/02/16)
Comment: It’s rather incredible what they’ve been able to accomplish.
TMILL expects 2016 utilization rate to increase to 75%. It expects net margin to be above 10% because of lower interest expense. It revised its strategy by expanding its selling team to increase its customer base. It expects 2016 revenue growth of 10%, in tandem with the growth in the wheat flour market. (Khao Hoon, 08/02/16)
TPCH expects 2016 net profit to double backed by a 40MW biomass power plant. It is considering acquiring two power plants and expects the deal to be concluded by 2Q16. 2016 net profit is expected to grow 150% aided by robust earnings in 1Q16 from selling electricity. (Thun Hoon, 08/02/16)
Comment: Perhaps, next to SPCG, one of the better renewable energy companies out there.
TSR expects 2015 revenue to achieve Bt1.5bn. It has budgeted Bt50mn to open new branches, invest in new plants, and expand to neighboring countries. It expects 2016 earnings to mark a record high. (Thun Hoon, 08/02/16)
Comment: I still like this little water related company.
TVD has disposed of its shareholding in subsidiary TV Direct (Malaysia) Sdn. Bhd. (95.3% in stake, valued at Bt3mn). It expects this to reduce its net loss. It has increased its shareholding in JML Direct (Thailand) Co., Ltd. to 60% from 51%. It expects this to boost return on investment. (Khao Hoon, 08/02/16)
TVO expects 2016 earnings to be good on the back of the recovery in soy pulp. It targets to maintain gross margin at 11-12%. (Thun Hoon, 08/02/16)
VNG expects 2015 net profit to grow than 100% on the back of lower cost and large orders from increasing capacity. It plans to focus on high margin products. It is budgeting Bt6bn to increase its capacity within three years. (Thun Hoon, 08/02/16)
XO expects to complete a deal with its partner by this March. It plans to expand to ASEAN to handle orders from the Philippines and Indonesia. It will also focus on the local market where economic recovery is underway and tourism is growing. It expects a good 2016 net profit, aided by numerous orders. (Thun Hoon, 08/02/16)