CHG targets 2018 revenue to grow at 10-15%. It says 1Q18 earnings will be good, driven by more patients. It plans to open a new hospital in Prachinburi worth Bt500mn, increasing patient beds to 699 by end-2018. (Thun Hoon, 2/4/18)
Comment: It appears that every hospital group is going to announced decent 1Q numbers relative to last year
COM7 expects good earnings in 1Q18, driven by good outlooks for almost every product. It also expects Apple’s launch of an affordable iPad to support sales. It targets 2018 revenue growth of 15%. (Khao Hoon, 2/4/18)
ECL targets 2018 loans of Bt3.6bn, raising total outstanding loans to Bt7bn. It says demand for loans is growing. Its NPL ratio will be lower than 3.5%. (Thun Hoon, 2/4/18)
FSMART to buy back 20mn shares for Bt300mn. This share repurchase program will run from April 18 to October 17. The aim is to provide greater returns for shareholders after the stock price moved down dramatically, despite a good earnings performance. (Khao Hoon, 2/4/18)
Comment: The stock had a 1 day bounce but seems to have resumed its downward trend
NOK decreases its summer flights by 5% to 180 flights/day to relieve delays. CEO said this might affect earnings a little but they will still be acceptable. (Khao Hoon, 2/4/18)
Comment: It’s about operations, if even Thai airways doesn’t have delays then wtf is Nok doing?
TBANK plans to raise credit cards more than 20% this year. It also targets new deposits of Bt70bn. (Khao Hoon, 2/4/18)
TMB to support cashless society. Its expects the waiver of transaction fees will raise the number of transactions by 70-80%. (Thun Hoon, 2/4/18)
Comment: And every bank is going to lsoe some 5% of profits from this (if not more)
TPIPP to sell electricity from a 70 MW biomass power plant and a 30 MW heat power plant, in total 100 MW, to EGAT beginning April 5. (Thun Hoon, 2/4/18)
Comment: Simple continuous story, though some are worried about the decrease in GPM, scale should take care of this.
TTW is certain that water revenue will grow more than 3%. It plans to invest Bt400mn in 2Q18 to build a water project in Myanmar. It plans to study other provinces in that country for future investment. (Khao Hoon, 2/4/18)
Comment: So the Myanmar project is going ahead, out of all the utility co’s in Thailand, water is the only one that seems to not been negatively influenced by the Thai government in the way that tollways, gas, electricity have been.