DRT expects 2017 revenue growth of more than 5% backed by government mega projects that will expand growth in construction materials. It has set an investment budget of Bt100mn to increase capacity. (Kao Hoon, 09/12/16)
EPG expects continued growth in 2H16, especially for its automotive business. This will bring 2017 revenue up to Bt10bn. Good response from investors has led it to schedule a roadshow in Singapore on Jan 6, 2017. (Kao Hoon, 09/12/16)
ERW expects 4Q16 earnings to be good supported by government stimulus and tourism. It targets 2017 revenue growth of no less than 10%. It has budgeted Bt2.5bn to open nine new hotels. It plans to continue to expand in the Philippines. (Thun Hoon, 09/12/16)
Comment: The issues here are 1) They are asset heavy 2) The REIT isn’t coming yet 3) Their market cap size is too small for most institutional investors 4) Everyone and their mother will open a hotel in Thailand; otherwise this is a great hotel co.
HPT targets 2017 revenue growth of 15-20% on the basis of world economic recovery. It has set up a JV company to open Central Hospitality which will focus on three- to five-star customers. It expects revenue of more than Bt60mn in the first year. (Kao Hoon, 09/12/16)
IVL expects 4Q16 earnings to be close to last quarter even though it is low season because it will book profit from the acquisition of BP and Cepsa. It expects 2017 revenue to grow no less than 15% after restructuring its business. (Thun Hoon, 09/12/16)
Comment: How much longer can they do this to artificially boost EPS?
J is spending Bt40mn to open an amusement park “Totem Kingdom” in JAS Urban Sri Nakarin, which is expected to open by the end of 2016. (Kao Hoon, 09/12/16)
LIT board approved the issue of a B/E of a maximum of Bt900mn with a duration of not over 270 days. It will use the funds for working capital, pay down loans and manage financial cost. (Thun Hoon, 09/12/16)
MCS got he OH-1 project in Japan. The majority of its jobs will be delivered in 2017. Its factory has automatic machines and the ability to produce a variety of products. (Thun Hoon, 09/12/16)
Comment: It’s the change in the Japan that has led to this company doing well, and to their credit they’ve done an amazing job
PSTC has COD the 8MW Well Korat and a biomass power plant. It is confident that 4Q16 earnings will be outstanding. It expects to bid for the designing of an electrical system worth Bt100mn and expects to know the results by early 2017. (Thun Hoon, 09/12/16)
SAT expects 2017 revenue to grow 3-5% in tandem with the automotive industry, which will grow 3-4%. It plans to sign a contract with a new automotive customer and expects to book revenue in 2018. It is studying new or related business to support growth in the future. (Thun Hoon, 09/12/16)
Comment: Brokers are now jumping on the bandwagon of the first-car sales from 2012 now being completed and that auto sales will recover, consumer recovers etc etc. I think it’ll be more subdued than expectations…
SCN expects 2017 earnings to grow more than this year’s 40% thanks to expanding NGV service stations and its iCNG business. It plans to expand to CLMV and expects the board to okay the plan on Dec 20. (Thun Hoon, 09/12/16)
SIRI continues to deliver its condominium EDGE Sukhumvit 23 worth Bt2.9bn after closing selling. It expects this to support 4Q16 revenue. (Kao Hoon, 09/12/16)
SUTHA expects 2017 performance to be good after Carmeuse, a lime producer in Belgium become a shareholder. It plans to expand to Myanmar, Vietnam, Indonesia, and India. It expects numerous orders from public investment. (Thun Hoon, 09/12/16)
TGPRO plans to invest in a new business (trading for products from China), with further information available in 2017. It expects this to double its performance. It expects 2017 sales to grow 50-60% brought by MRT investment and a sugar plant. It expects to start operations of two new machines in 1Q17. (Thun Hoon, 09/12/16)
TKT targets 2017 revenue to grow 50-10% after slowing down by 15-20%. It expects the auto sector to recover next year with growth of 2-5%. It plans to restructure its business to lower cost. It expects this to improve its performance next year, with a lower net loss. (Thun Hoon, 09/12/16)
TRC targets 2017 revenue to reach Bt10bn. It expects to sign a contract for the potash project in 1Q16 which will push up its backlog to Bt33bn. It plans to take part in Bt43.2bn bid for two gas pipelines in 1Q16. It plans to invest in alternative energy and plans for this to contribute 15% of revenue by 2020-2021. (Thun Hoon, 09/12/16)
Comment: It’s the potash project that will drive this company, but its been … 2 years? Since I first heard about it. And in reality its probably been a decade in the works..
UKEM expects its board to approve its 2017 business plan in Dec. It expects 2016 performance to be good on the back of higher oil price. Its 9M16 net profit grew 57% with Bt400- 500mn cash on hand. It plans to invest in new products. (Thun Hoon, 09/12/16)
VIBHA targets 2017 revenue to grow not less than 10%. It is budgeting Bt2bn for its two year investment plan (2017-2018). The funds will be used for construction and renovation. It expects 2016 revenue to grow 10% off the 18-20 hospitals in its group. (Thun Hoon, 09/12/16)
Comment: A rather odd hospital group given all of its minority equity stakes in other hospitals
WICE expects substantial earnings growth in 4Q16 on the back of revenue contribution from SEL. IT targets 2017 revenue to grow 30-40%. It plans to focus on air freight and broaden its customer base in ASEAN. (Kao Hoon, 09/12/16)
Comment: The growth all comes from the acquisition from SEL post this then its back to normal high single, low double digit numbers.