CENTEL plans to take over Thai Foods brand. It targets 2016 revenue to grow at 10%, driven by healthy tourism. (Thun Hoon, 7/7/16)
GRAND plans to take over a prestigious hotel in Thailand. It expects to see healthy 2Q16 earnings, driven by booking from Hyde Sukhumvit 11 and hotel businesses. (Thun Hoon, 7/7/16)
Comment: Still have our doubts on their ability to execute…
HMPRO expects to see outstanding 2Q16 earnings from Mega Home. It targets 2016 revenue to grow 10-15% from expanding portfolios and a slight change in business model. (Thun Hoon, 7/7/16)
KTB targets 2016 loans to grow 3-4% from SME and governmental lending. It expects 2Q16 NPL to deceleratedly increase. (Thun Hoon, 7/7/16)
MACO plans to be number one in the country in 2-3 years with market share more than 40%. It is expanding the business, negotiating for M&A. Its 2Q16 performance is expected to be healthy from advertising signs covering 77 provinces. (Thun Hoon, 7/7/16)
Comment: I’m fairly certain that they are already the largest in what is a very fragmented industry

OISHI maintains 2016 food revenue target of Bt7bn. It is adding 20 branches with an aim to have more than 250 branches this year. It is negotiating a deal in Laos and Cambodia, which is expected to be finalized this year. (Khao Hoon, 7/7/16)
PACE gets shareholder approval to increase capital by issuing new shares in exchange for land in Hokkaido to build resorts at a cost of US$110-120mn. The project is expected to start building in 2017 and record revenues until 2019. (Thun Hoon, 7/7/16)
Comment: Ah well that could explain the drop in share price recently. Not a surprise though, it does feel like management is effectively using other people’s $ to build holiday homes and condominiums where they would like to live
PYLON signed a new project worth Bt300mn. It is also negotiating with CK to get the works for the Jira-Khonkaen dual-track project and is proposing to handle works in ITD’s contract for Suvarnabhumi Phase 2. (Khao Hoon, 7/7/16)
TLUXE expects 2Q16 performance will recover due to high season for agricultural business. Its board approved spending Bt800mn to buy eight electricity plants in Japan. (Khao Hoon, 7/7/16)
TMI proposes a project to government worth Bt10mn. It signals good earnings in 2Q16 and Bt30mn of backlog to be recorded in 3Q16. It expects 2016 revenue to grow more than 20%. (Thun Hoon, 7/7/16)
UNIQ expects to be involved in government projects worth Bt488bn. It expects to get at least Bt10bn. It is certain that 2016 revenue will hit Bt12bn. (Thun Hoon, 7/7/16)

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.