CKP reaffirms solid 1Q from higher power generation efficiency at Nam Ngum 2 hydro powerplants in Laos and full quarter contribution of 2 co-gen powerplants in Ayudhaya (BIG phase 1&2) 118 & 120mw, 1,285mw Xayaburi hydro powerplants in Lao to cod in October, will book 37.5% revenue sharing from the investment, target 8-10% revenue growth this year.
Comment: Nothing new with the story here.
GUNKUL expects 20% success rate in Bt20b worth of projects it plans to bid in 2Q, firms on 25% revenue growth this year.
Comment: They promise the moon, the sun, but…..
M expects SSSG 2Q at MK restaurant >2.4% in 2Q supported by long holiday season, will add 50-60 outlets this year to boost coverage, target 7-8% revenue growth this year.
Comment: And their Yayoi franchise is doing very well. People have at times doubted this firm’s ability to expand ( I of course laughed at their valuation at IPO and was right…for 6 months…) but they been able to continue expanding and perhaps with the advent of technology, the entire food industry is just going to benefit as outlets are no longer restricted by their locations.
PYLON upbeats FY19 earnings from recognition of Bt1.1b backlog this year, expects to win more foundation work contracts from current Bt4b bidding, firms on Bt1.6b full year revenue target.
SPVI target 20% revenue growth this year driven by expansion of AIS shop by SPVi franchise from current 16 outlets, seeks to add more U studio, Apple store in University to boost margins, expects to wrap up 2 partnership deals by end of-1H.
TASCO sees solid 1Q from rising asphalt selling price and high seasonal in road repairs, expects to book Bt300-400m insurance claim in 2Q.
Comment: It’s the oil price spreads that are far more important for TASCO.
UTP anticipates windfall from government plan to reduce plastic packaging usage, upbeat 1H earnings from surged demand for paper packaging, eyes 10% revenue growth target.
Comment: What happens if the government goes after paper coffee cups?