CPN revised up 2017 revenue growth target to 6% from 6-8% to reflect improved department store operations. It says it will sell a condominium project worth Bt2bn and open two new department stores. (Khao Hoon, 21/8/17)
Comment: It does show that SSSG isn’t what it used to be for CPN
EA says 3Q17 earnings will be strong, driven by the booking of revenue from its 126 MW wind energy plant. The biodiesel business will benefit from the government’s B7 requirement. (Khao Hoon, 21/8/17)
MINT expects 2016-2020 revenue CAGR of 15-20%, led by revenue from overseas as it reaches 45-46% of total revenue from the current proportion of 37%. It plans to invest Bt40bn to expand and do M&A deals for restaurants and hotels. It says it expects 2H17 earnings to be better than 1H17. (Thun Hoon, 21/8/17)
Comment: Still the best operator in town for both restaurants and hotels
PTT to pay Bt22.8bn in dividends at Bt8/share on 1H17, with XD on August 31. (Thun Hoon, 21/8/17)
PYLON to benefit from recovery of private investment. Its current backlog is Bt530mn with revenue to be booked this year. It is in the process of preparing to bid in auctions. ( Thun Hoon, 21/8/17)
Comment: Despite several investors believing that the potential growth is from the government projects, it just isn’t the case.
TICON maintains its 2Q17 revenue growth target at 20%YoY, driven by higher rental revenue. It expects 2H17 earnings to be better than 1H17, driven by more warehouse rentals. (Khao Hoon, 21/8/17)
WHAUP targets revenue growth of 100%. It is in the process of installing solar rooftop for warehouses. WHA also plans to set up a subsidiary in Vietnam and to negotiate with a partner in Myanmar to do the water business. It maintains its goal of production power of 540MW in 2019, currently at 420MW. (Thun Hoon, 21/8/17)

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Your email address will not be published.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.