CENTEL CENTEL expects flat performance in 2Q14 from 1Q14. Although this is its low season, it expects bookings to recover. Net margin for each business is expected to expand. It is confident that total revenue will reach target of Bt19bn. (Tun Hoon, 16/06/14) Comment: CENTEL still a 2nd rate version of MINT, its food business […]
Read More →BECL BECL reports traffic cut by curfew. Its traffic volume contracted 2.5% in May and is expected to be negative in 2Q14. It expects traffic growth of 0.5% in 2014. (Khao Hoon, 10/06/14) Comment: This along with the “black market†businesses are all hurt by this curfew in Bangkok BJCHI BJCHI is waiting on results […]
Read More →AIT AIT expects revenue to be in line with forecast at Bt6.2bn as it has managed to convert Bt3.75bn of its backlog into revenue. The company is waiting on additional projects worth Bt720mn, with plans to bid for another Bt8.09bn. Management said it has no concern over 2015 as the NCPO is working to stimulate […]
Read More →AGE AGE plans to generate 100MW from biomass power plant in 5 years. It expects to invest Bt7bn. Although revenue from the electricity business will be lower than from the coal business, net profit is expected to be similar. (Khao Hoon, 28/05/14) Comment: Well they are going to have to raise debt to quite high […]
Read More →BCP Only slight QoQ fall in EBITDA in 2Q14 — Although its refinery will be shut down for maintenance, BCP expects EBITDA for 2Q14 to only fall slightly compared to 1Q14. Even though EBITDA for refinery business will fall by 30%, revenue from its three solar energy phases plus the attractive adders, will help strengthen […]
Read More →CPF CPF says sales and net profit in 1Q14 were strong. It is confident that sales will hit Bt450bn this year, up 10-15% YoY. (Khao Hoon, 18/04/14) Comment: No doubt on the sales growth, however with corn prices crawling higher, margin improvement may not be as good as they expected EARTH EARTH expects revenue of […]
Read More →AOT New taxiway: concrete, not asphalt — The CEO of AOT said that the company plans to instead use concrete instead of asphalt for the taxiway for Suvarnabhumi airport. It believes the cost will be lower, and it will save on maintenance costs. Management admits to an ongoing problem of water damage on the asphalt […]
Read More →ANAN Ananda scales back condo advertising – The SET-listed Ananda Development Plc (ANAN) has capped spending on marketing and advertising at 2.5% of sales, down from 4% last year, as the political turmoil looks set to dampen condo-buying sentiment throughout 2014. (Bangkok Post, 11/04/14) Comment: The pullback in advertising has been throughout all of Bangkok, […]
Read More →AOT Management expects 2014 passenger growth of 7.35%, down from prior estimate of 10%due to the slowed economy, political situation and lower Chinese tourism.(Khao Sod, 08/04/14) Comment: This silly country will still continue to perform well regardless of all the rubbish it creates for itself. GUNKUL GUNKUL continues to install solar rooftop after bidding for […]
Read More →AMATA Cutting back — Management expects to lower its investment in 2014 from the usual Bt3bn annually. It will put off land development and street construction due high cost. It will continue to invest once the political situation recovers to normal. Currently, it has 14000 rai waiting for development and 2200 rai already being developed. […]
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