COM7 is penetrating the gamer market, partnering with Sony Thai to sell game consoles, PlayStation 4, in 25 Banana stores. It believes this will underwrite future growth. (Khao Hoon, 20/12/17)
FN targets 2018 revenue to grow by at least 10% from this year in tandem with increasing purchasing power. It has budgeted Bt245mn to add two more branches and to renovate three branches in order to increase sales. It is also negotiating with a new partner to increase its sales channels. (Thun Hoon, 20/12/17)
Comment: I think something else other than renovations are required for this firm, we’re not seeing high foot traffic into the stores for shopping, I’m guessing if they shift more towards F&B outlets it’ll perform better.
GOLD targets 2018 revenue at Bt16.1bn, growing by 34%, as transfers have been increasing. It plans to launch 34 new projects, worth Bt39.6bn, which it expects will double 2018 presales will double to reach Bt26.6bn. (Khao Hoon, 20/12/17)
IHL reports a substantial rise in orders, which will lead to outstanding 4Q17 results. It expects 2017 revenue will grow by 15% from last year’s Bt1.95bn. It also reports that its clients’ portfolios have been expanding and it is progressing on its plan to increase production capacity for leather tanning. It plans to start the operation of phase 1 of its new production line in 1Q18, which will double its existing production capacity. (Thun Hoon, 20/12/17)
PDG reports that it has received a new order worth Bt100mn and plans to run the new machine in January. It also says that 2018 revenue will grow by 15% from 2017’s projected 2-3%, as the economy is beginning to trend up. (Thun Hoon, 20/12/17)
PTTEP details its five-year (2018-2022) investment budget of US$15.549bn with a 2018 budget of US$3.103bn. It plans to invest in new projects in Thailand to maintain its production capacity and targets 2018 sales volume at 302,000 barrels per day. (Thun Hoon, 20/12/17
Comment: First question that comes to my mind is which companies will benefit from this? There’s the usual player of TRC that typically wins projects from PTT Group. Who else?
SPPT’s board approved setting up two subsidiaries, SPP Intelligence and SPP Fintech for the logistics business. The first will develop a software and application platform for logistics management and the second will provide full financial services. It believes these businesses will match demand from logistics operators and from consumers in the digital age. (Thun Hoon, 20/12/17)
TKS is expanding to new printing type, packaging solution, which has a larger market and higher margin and plans to expand further in foreign markets. It expects 2018 revenue to grow by 8-9% though missing its 2017 revenue target because of a delay in machine installation . (Thun Hoon, 20/12/17)
WICE is negotiating 2-3 deals to acquire businesses both at home and abroad. It targets 2018 revenue growth of 30% upon a full year of booking revenue from UWT; it expects the revenue proportion from overseas to rise to 30% from 20%. (Thun Hoon, 20/12/17)
Comment: They have been quite proactive with the acquisitions since going public, wouldn’t necessarily bet against the management team at this stage, now the question will be what price is one wiling to pay.