DELTA is seeing order flow from existing and new clients. The company expects revenue growth of 20% in 2019, boosted by capacity expansion in Thailand and India and rising demand for auto-related parts. (Thun Hoon, 6/12/18)
Comment: And on top of that DELTA is taking the Thailand side private 
KKP’s CEO has a cautious view on BOT’s policy of tightening auto loans and believes the BOT will maintain its rate unchanged this year. It expects overall loan growth of 15% this year. (Kao Hoon, 6/12/18)
Comment: Those are still ambitious loan growth targets
PORT expects to finalize the port project with its new partner in December and has set aside CAPEX of Bt1.0bn this year. Operations are strong in 4Q18 and it believes 2018 revenue will beat target. It plans to use Bt3.5bn for expansion to other businesses, including non-oil. (Thun Hoon, 6/12/18)
Comment: This could be an interesting business because of the consistent nature of the revenue stream
PTG is benefiting from a 14% increase in marketing margin to a new high this year of Bt2.18/liter that will give impetus to 4Q18 operations. (Thun Hoon, 6/12/18)
Comment: And will the stock return to 30?
There is wide anticipation that PTTEP will win the bidding for two oil wells in Erawan and Bongkot. (Kao Hoon, 6/12/18)
Comment: This is the only thing keeping PTTEP’s share price up and uncorrelated with the oil price movement, otherwise it would be back down to 110. So be aware that if PTTEP doesn’t win the two oil wells….it may drop sharply, if it does, it seems to be priced in…
RPH expects 2018 revenue will come in below target growth of 10-15%. However, it expects revenue growth of 15% in 2019, backed by rising patient volume and medical charges and no extra cost from opening a new building. The hospital plans to add 60 beds and it will have 144 beds open by the end of this year. (Thun Hoon, 6/12/18)
SYNTEC’s board has approved a share buyback program of no more than 60mn shares with a budget of Bt200mn. The firm also plans to bid for Bt10bn in new projects available this year. Current backlog for the firm is Bt12bn. (Thun Hoon, 6/12/18)
Comment: Just a year ago they were trading at 6 baht, now we felt that was just because of temporarily high GPM’s due to their accounting policy which the market failed to realise wouldn’t continue forever…
VGI sticks with the revenue target of Bt5bn underpinned by a boom in the OOH business. Net margin is set to be 20-25% on more contribution from Kerry Express Thailand. For capex, the firm plans to spend about Bt700-1bn for this year. (Thun Hoon, 6/12/18)

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