CPN firms on plan to open Central Plaza Ayudhaya & Sriracha in 2H, target completions of Dusit Central Park in FY24, 9.2 acres mixed-use projects under JV Hong Kong Land by FY26, will finalize plan to estimate mall in Vietnam before end of year.
Comment: Still the best mall operator in the country by a mile. Wouldn’t be surprised to see the share price double over the coming few years.
IVL to buy PET assets capacity 92ktpa of US-based CarbonLite Holding in Texas, expects to close transaction within 2Q.
PTG sees 8-12% oil and 100% LPG sales growth in 2Q, becoming #1 in LPG auto by end of year, on track to reach 3,160 branches.
Comment: Always liked this player since its IPO. But short term margin pressures remain and now they have to figure out how to shift their business model as the EV bandwagon will hit Thailand over the 10-20 years. (Post the re-electrification of the country)
PTT’s confident of reaching Bt100b in NP this year, after Bt32b reported in 1Q21, on recovering oil and petrochemical price. Bloomberg net income adjusted consensus stands at Bt96.96b.
Comment: It’ll become a sub 10x PE by 2Q if the share price doesn’t move.
SPCG to start booking revenue from 300MW 1st phase solar farm in EEC in 1Q22, while seeing growth in 2Q from solar rooftop business.
SQ wins Bt830m North Pit Wall expansion at Hong-Sa mine in Laos, construction starts next year, boosting backlog to Bt22b.
Comment: If you’re interested in this name you’ll have to ignore the quarterly performance, their performance will be lumpy as they work on 5-10 year contracts.
TIDLOR: upgrade credit rating to A from A- w/ stable outlook, at TRIS.
Comment: Bam bam bam cheaper financing coming, and their NIMs can expand.
TOA keeps 10% revenue growth target from Bt16.2b, mulls raising selling price of 80% of its products by 3-10% with meaningful contribution in 3Q, sees limited impact from covid, despite having to shut >10 branches, as it switches focus to online sales.
Comment: Raising selling prices, and they say there’s no inflation.