GPSC expects 2018 earnings to make new high brought by full-year operation of IRPC-CP Phase 2 and BIC 2 power plant. It is going to propose a plan to expand its production capacity by 1,000 MW to the board in order to support investment in EEC; it expects this plan to finalize in 2018. (Khao Hoon, 28/02/18)
LPN targets 2018 revenue to reach Bt12bn. It plans to launch 14 low- and high-rise projects worth Bt18bn. It has backlog of Bt5.9bn that will be booked as revenue this year and will supply growth for three years. (Khao Hoon, 28/02/18)
Comment: It’ll be interesting to see if their numbers will pick up given their target customer base
PF targets revenue to reach Bt30bn in three years (2018-2020) with 2018 revenue target of Bt20bn. It plans to launch 25 projects worth Bt35.823bn. It currently has backlog of Bt5bn, of which 90% will be booked as revenue this year. (Khao Hoon, 28/02/18)
PPS targets 2018 revenue of Bt450mn, growing by 20%. It plans to participate in the bidding for government investment projects and expects to receive part of the Thai-China high speed train project, when it is announced in 1Q18. It plans to raise funds through initial coin offering(ICO) of ProfinCoin, worth Bt500mn, expecting to sell the coin over March 15-30. It targets revenue to reach Bt1bn in 2022. (Khao Hoon, 28/02/18)
Comment: Another magical ICO? With thai banks shutting this down, how will JMART’s magical coin proceed?
PTTEP announced signing of an LNG sales and purchase agreement by Mozambique LNG1 Company Pte Ltd, PTTEP’s jointly-owned sales entity in Mozambique Rovuma Offshore Area 1 project, with a big electricity producer in France. It says this is one of the world’s largest greenfield projects and the agreement is to sell LNG of 1.2mn tons/year for 15 years. It expects this will add value to its company in the future. (Thun Hoon, 28/02/18
SEAFCO announced a stock dividend of 10 existing shares for 1 share and cash dividend of Bt0.05/share on 2017 earnings of Bt210mn, growing by 35.11% and revenue of Bt1.818bn. It says it currently has solid backlog and plans to continuously bid for new projects. (Thun Hoon, 28/02/18)
Comment: Boom great growth, crazy valuations.
SPCG sees a positive outlook for 1H18, backed by the booking of revenue from additional capacity of Totori solar farm in Japan from current capacity of 260MW. It expects 2018 revenue to grow by 10% from last year and expects to finalize a joint venture deal on a 480 MW solar farm in Japan within March 2018. (Thun Hoon, 28/02/18)
TKN targets 2018 revenue to grow by 12-15% from last year as it plans to expand its market to secondary provinces and launch new snacks in 2Q18. It also plans to focus on China and US markets and expects to raise the proportion of sales from overseas to 80-90% within 10 years. It has budgeted Bt100mn for investment . (Khao Hoon, 28/02/18)
Comment: That’s a shockingly low target for TKN, so its done as a growth stock.
TOA believes 2018 results will show solid growth from the recovery of demand for coatings. It has budgeted Bt1.2bn to build three coatings factories in ASEAN, which will raise its production capacity to 102.5mn gallons/year. It plans to penetrate the overseas market in 2H18. It reported 2017 revenue of Bt15.717bn and earnings of Bt1.7034bn. (Thun Hoon, 28/02/18)
Comment: For this co, it’s straight forward, top line growth is stable for the foreseeable future, but margins will fluctuate depending upon commodity prices linked to oil
TU plans to raise sales in 2018 to break records for the ninth consecutive year as raw material prices are trending down this year. It plans to control expenses to maintain margin at 15% and budget Bt4.8bn to renovate factories and expand production capacity. (Thun Hoon, 28/02/18)