OUTLOOK

All posts tagged OUTLOOK

Index Creative Village bucks the trend, eyes 6-7% growth this year

Published August 18, 2016 by SoClaimon

ศาสตร์เกษตรดินปุ๋ย : ขอบคุณแหล่งข้อมูล : หนังสือพิมพ์ The Nation

http://www.nationmultimedia.com/business/Index-Creative-Village-bucks-the-trend-eyes-6-7-gr-30293072.html

OUTLOOK

ALTHOUGH THE event business looks like suffering a revenue decline of at least 10 per cent this year as companies have cut their marketing budgets, Index Creative Village says it will meet its revenue target of Bt1.7 billion, mainly thanks to a rise in Asean business.

Co-chief executive officer Kriangkrai Kanjanapokin said yesterday that by the end of this year, his event-management empire could post a revenue increase of 6-7 per cent, outpacing an industry that has been hit hard by the economic slowdown.

“In this tough situation, a number of companies have decided to cut their marketing and advertising budgets to secure their bottom lines,” he explained.

The company’s core business of creative solutions remains the biggest revenue contributor at 51 per cent, followed by 34 per cent from marketing consultancy, 8 per cent from the lifestyle-experience business unit, and the remaining 7 per cent from other business in Asean countries Myanmar, Vietnam and Cambodia.

Kriangkrai said Asean business was becoming an increasingly key player for his company while domestic activities appeared to going downwards.

To deal with this challenge, his company has teamed up with Kamron “Air” Pramoj Na Ayutthaya, former editor-in-chief of Image magazine, and Whuthipan “Todd” Dantaweesilp, a music and entertainment expert, to develop electronic dance music (EDM) festivals for Thailand and neighbouring countries.

Whuthipan, who is also the adviser for music industry projects to the Thailand Convention and Exhibition Bureau and managing director of First One Organize, said there was room to grow for EDM-related business in Thailand and elsewhere in Asean.

According to last year’s “International Music Summit Business Report” for the Asia-Pacific region, the EDM industry saw a 50-per-cent expansion in the previous four years, while total marketing value was estimated at US$7.1 billion (Bt245 billion). Meanwhile, the Asian EDM industry was valued at around $1 billion, accounting for 15 per cent of the global EBM market. The top three EDM markets were India, Singapore and South Korea.

Index Creative Village plans at least four EDM festivals a year in Thailand, Vietnam and Myanmar. But before rolling out this kind of event in other countries, the first edition of its own “Another World” festival is scheduled for November 5, expected to welcome more than 10,000 attendees and to generate Bt25 million.

Thai Optical on track for 10% revenue growth

Published August 18, 2016 by SoClaimon

ศาสตร์เกษตรดินปุ๋ย : ขอบคุณแหล่งข้อมูล : หนังสือพิมพ์ The Nation

http://www.nationmultimedia.com/business/Thai-Optical-on-track-for-10-revenue-growth-30292714.html

OUTLOOK

THAI OPTICAL GROUP is maintaining this year’s revenue-growth target at 10 per cent after reporting revenue of Bt964.59 million and net profit of Bt108.15 million in the first half, up 11.22 and 28.22 per cent respectively from the same period of last year, said Sarath Teganjanavanich, vice president for business planning and finance.

He said the strong performance stemmed from overall market growth, especially in the premium segment, while the company also applied efficient cost controls.

Thai Optical will pay interim dividends to shareholders next month, he said.

He said the recent roadshow in the United States by the company’s executives demonstrated the confidence Thai Optical’s product quality, especially its value-added or premium segment.

Additionally, the launch of LeafEco, a plastic lens made from bio-based material, has attracted high interest because of the concerns about global warming.

The company claims LeafEco helps reduce carbon-dioxide emissions at the beginning of production while yielding similar optical characteristics and production costs as petroleum-based lens.

The company continuously puts emphasis on research and development to bring out innovative products and services, Sarath said.

He said a new automated prescription-lens production line was expected to be completed by year-end after an investment of more than Bt350 million. The commercial operating date is due in the first quarter of 2017.

This production line is aimed at elevating the company’s service level, enhancing the opportunity to acquire new accounts as well as revenue generation thanks to its 24-hour, seven-day service. An additional LeafEco production line will serve the environmentally conscious market. These factors are expected to maintain the company’s annual growth at more than 10 per cent.

At present, the company’s revenue contribution is 95 per cent international sales and 5 per cent domestic sales. Its major markets are Europe, North America and Asia-Pacific.

Within the Asean Economic Community, Thai Optical believes Vietnam has the highest growth potential, as Vietnamese consumers are confident in the quality of Thai products. The next growth markets are Malaysia and Singapore.

InTouch eyes fintech,says new CEO

Published August 17, 2016 by SoClaimon

ศาสตร์เกษตรดินปุ๋ย : ขอบคุณแหล่งข้อมูล : หนังสือพิมพ์ The Nation

http://www.nationmultimedia.com/business/InTouch-eyes-fintechsays-new-CEO-30292004.html

OUTLOOK

INTOUCH HOLDINGS is exploring new business opportunities, including in the financial-technology arena, the group’s new chief executive officer Philip Tan said yesterday.

He added that this could be achieved either through mergers and acquisitions or joint ventures.

When asked how many companies InTouch is in talks with on possible deals, he said the company was exploring “four opportunities”.

“The work is in progress,” he said.

He added that the likely scenario for achieving a deal was through creating a joint venture.

He said that as the new CEO, he was hopeful of wrapping up a deal before the end of this year. However, there is a lot of work to be done and in reality, sometimes in the talks for possible deals, things don’t go as planned.

Tan, 50, born in Malaysia but fluent in Thai, became InTouch president last November 1 and assumed the CEO position on March 31 this year.

The quest for new business in fintech is related to his expertise in finance and banking on payment services. Before coming to InTouch, he was head of retail and consumer banking at Bank of Ayudhya.

He said Thailand had made lot of progress in drafting crucial regulations and strategies for the establishment of a sound e-payment ecosystem.

InTouch’s flagship companies are Advanced Info Service and Thaicom.

Tan said AIS was a well-run company and was in a new investment cycle to create new growth after its recent acquisition of licences on the 1,800- and 900-megahertz spectra.

He said InTouch was a holding company investing in good companies that could give good value to shareholders and offer good solutions to customers. It is a professional and politically neutral company.

ACAP sees good results in 2nd quarter

Published August 16, 2016 by SoClaimon

ศาสตร์เกษตรดินปุ๋ย : ขอบคุณแหล่งข้อมูล : หนังสือพิมพ์ The Nation

http://www.nationmultimedia.com/business/ACAP-sees-good-results-in-2nd-quarter-30288755.html

OUTLOOK

ASIA CAPITAL GROUP (ACAP) expects to report strong performance for the second quarter after recording Bt16.70 million in net profit in the first three months of the year, chief executive officer Sukanya Sukcharoenkhraisri said.

She said ACAP also expected to exceed its Bt2-billion lending target for this year. The firm plans to expand major projects, including negotiations with a foreign alliance on a joint venture, which should be concluded this year.

ACAP has set debenture bookings for tomorrow, Friday and next Monday via underwriters AECSecurities and Globlex Securities. Proceeds from the debentures will help fund business expansion and the company’s investment plans.

The upcoming two-year debenture issue of not more than Bt500 million offers interest of 5.60 per cent annum. ACAP expects it will be well received by institutional and major investors.

New CEO at SCG seeks surge in region

Published May 18, 2016 by SoClaimon

ศาสตร์เกษตรดินปุ๋ย : ขอบคุณแหล่งข้อมูล : หนังสือพิมพ์ The Nation

http://www.nationmultimedia.com/business/New-CEO-at-SCG-seeks-surge-in-region-30285204.html

OUTLOOK

THE NEW chief executive of SCG, Roongrote Rangsiyopash, wants his industrial group to match or surpass the market growth rate in Asean countries outside Thailand, where the chemical-building materials-packaging group has underperformed in the past.

While maintaining the two main strategies that his predecessor, Kan Trakulhoon, announced a decade ago – to “go Asean” and “go for higher value-added products” – the Harvard-graduate CEO spoke of the need for SCG to hasten the conglomerate’s speed of execution and enlarge its businesses fivefold in Asean markets outside Thailand.

“[SCG] hopes to grow faster than or at least equal to the market, and with quality growth. By [sales] volume, last year we grew by 3-5 per cent, [but] if considering the Asean economies, they expanded by about 5 per cent,” he said.

While Thailand accounts for about 10 per cent of the Asean population, and about 20 per cent in terms of gross domestic product, only 10-12 per cent of SCG’s sales are derived from other Aseanmarkets outside the Kingdom, he added.

“This [contribution from other Asean markets] must become 70-80 per cent. [This means] we have to grow five times [in these Asean markets],” the chief executive said.

In his first formal media interview since taking the helm at the start of this year, Roongrote admitted he was worried about the end of the uptrend cycle for the petrochemical industry, which is expected to come in the next two to three years.

SCG’s chemicals business contributed Bt9.1 billion out of a total Bt13.6-billion net profit that the group reported for the first three months of the year.

“This [the end of the petrochemicals uptrend] is something we should be worried about,” he stressed.

Roongrote said he believed, however, that SCG’s cement and building-materials business could find large room for further growth in the region, which is massively expanding its infrastructure investments.

Moreover, SCG’s packaging business could also grow well in the next five years, thanks to its recent decision to shift focus to end-packaging products and to unlock its material usage from pure paper-based packaging, he said.

Petrochemicals business, meanwhile, can also be developed to grow further with the Long Son petrochemicals complex project in Vietnam, and new capacity expansion and new-product projects to be carried out by PT Chandra Asri Petrochemical, its 30 per cent-owned joint venture in Indonesia.

The neighbouring markets of Myanmar, Laos and Cambodia, which share their land borders with Thailand, possess greater potential than he had previously thought, and also offer a huge opportunity for SCG to expand its logistics services business, Roongrote said.

Siam Global House, in which SCG holds a 30-per-cent stake, will be a vehicle for SCG investments in the region, he added.

The group will also study opportunities to expand to Southern China, which has a larger economic size than the whole of Thailand and where goods can be shipped inland from Thailand through Laos and Myanmar.

On the research and development front, Roongrote said the budget and number of researchers would be less important than the speed and quality of its R&D outputs.

The group’s next move in R&D is to make it become more customer-centric, through engaging more marketing and sales people in the R&D processes, he said.

Since competition in Asean markets has intensified with more regional players and the participation of global players in some of the industries in which SCG operates, the group has to beef up its R&D and its people’s capabilities to become world-class as well, he stressed.

The new SCG chief will have a maximum of eight years in post, as he reaches the retirement age of 60 in 2024.

SCG reported sales revenue of Bt110 billion for the first quarter, a flat year-on-year result due to the slide in petrochemical prices, which came down in line with oil prices.

Singapore firm targets region

Published May 18, 2016 by SoClaimon

ศาสตร์เกษตรดินปุ๋ย : ขอบคุณแหล่งข้อมูล : หนังสือพิมพ์ The Nation

http://www.nationmultimedia.com/business/Singapore-firm-targets-region-30285072.html

OUTLOOK

Peter Tan

Peter Tan

SINGAPORE-LISTED Super Group is set to stir up its instant coffee and creamer business in the region and Thailand as the Asean Economic Community starts to percolate.

“Super Group is already a relevant regional player with 15 facilities and productions bases within the member states of AEC, including Myanmar, Malaysia, China, Singapore and Vietnam,” executive director Peter Tan said last week.

“With the implementation of the AEC, the free flow of capital, investments, skilled labour, services and goods will immediately mean greater savings from shared resources such as labour, advertising and promotional efforts, trade tariffs/ taxes currently related to the trade of goods and allocation of various resources across borders.

“The group can also leverage and roll out branding, innovation and diversification initiatives within a recognised region that can elevate Super Group or better integrate the group into the global economy.”

Tan told The Nation that the establishment of the AEC last year was a major milestone in the regional economic integration agenda in Asean, offering opportunities in the form of a huge market of US$2.6 trillion and over 622 million people. In 2014, AEC was collectively the third largest economy in Asia and the seventh largest in the world.

The AEC Blueprint aims for a AEC in 2025 that is highly integrated, competitive, innovative and dynamic with enhanced connectivity and sectoral cooperation.

It will be more resilient, inclusive and people-oriented – a people-centred community, integrated with the global economy.

Asean will be more proactive, having had in place the structure and frameworks to operate as an economic community, cultivating its collective identity and strength to engage with the world, responding to new developments and seizing new opportunities.

The new blueprint will not only ensure that the 10 Asean countries are economically integrated, but also that they are sustainably and gainfully integrated in the global economy, contributing to the goal of shared prosperity.

“A shared economic development region will likely equate to a larger combined market and broad consumer bases for the group to tap into for future growth, thereby further expanding Super’s businesses,” he said.

Stepping into and participating actively within the AEC framework will also mean keen competition for the group’s businesses from bigger companies or markets, such as the Philippines and Thailand, compared to Singapore. Management believes that the AEC inclusion will better position the group to ride on the rising consumption of the middle-income group in Asia.

Despite possible continued macro uncertainties within Asia – currency volatility and raw material (commodities such as white sugar and palm oil) price fluctuations being the two headwinds – the group aims to expand its geographical footprint by extending its brand presence within the core markets and the sales contribution from more new markets.

During the pre-fiscal 2013 period, its branded consumer sales were mainly derived from only four Southeast Asian markets – Thailand, Myanmar, Malaysia and Singapore.

However, for post-fiscal 2015, after the rebranding, headcount and talent recruitment and organic capabilities expansion, its core branded consumer sales come from eight key markets -Thailand, Myanmar, Malaysia, China, Singapore, the Philippines, Vietnam and other export markets. It distributes its products to over 60 countries.

Its growth strategy is expanding distribution, market share and brand presence through the three-pronged approach of branding, product innovation and diversification.

This would improve its offerings to engage with and remain relevant to the rising population of middle-income earners across Asia.

It is targeting revenue growth of over 10 per cent annually from the region over the next five years. Providing convenience and quality instant food and beverage products to consumers is its core principle.

“We are always looking to focus on the core of what we do best and will continue to place emphasis on innovation, building and strengthening our coffee position in the market through our different brands that serve the markets in the region,” he said.

Essenso Microground Coffee is one example of product innovation that will leverage on its branding experience, diversified markets presence and distribution capability to drive growth as a new-category product.

Super Group has just concluded a period of progressive manufacturing line upgrades and new facilities add-ons, building new capabilities such as botanical herbal extracts, freeze-dried coffee, glucose liquids syrup solids and nutritional oil powders (premium-grade creamers). It has doubled its soluble coffee powder plant from 10,000 tons to 20,000. These expansions commenced at the end of 2013 and were concluded by the end of last year.

It is now one of the largest food ingredients manufacturers in Asean. Especially notable is its coffee plant in Malaysia.

Over the past two years, the total investment budget spent was disclosed as 130 million Singaporean dollars (Bt3.4 billion).

The utilisation rates of its enhanced facilities and production capabilities are maintained at 60-65 per cent.

Ch Karnchang confident of Bt40 bn revenue goal this year

Published May 18, 2016 by SoClaimon

ศาสตร์เกษตรดินปุ๋ย : ขอบคุณแหล่งข้อมูล : หนังสือพิมพ์ The Nation

http://www.nationmultimedia.com/business/Ch-Karnchang-confident-of-Bt40-bn-revenue-goal-thi-30284904.html

OUTLOOK

CONSTRUCTION company Ch Karnchang (CK) is confident on its 2016 outlook with a restructured management team, and says it is ready for new construction and PPP (public-private partnership) projects, expecting revenue of Bt40 billion.

Executive chairman Plew Trivisvavet said the company achieved strong performance in 2015 while the management restructuring of its subsidiary Bangkok Expressway and Metro was accomplished as planned.

The management restructuring for BEM is intended to bring a great deal of benefit by strengthening the company’s financial stability, streamlining its operations, and allowing it to seize opportunities for new projects, he said.

Meanwhile CK has enhanced its workforce readiness by the addition of new senior management team members, as well as strengthening its financial readiness and leveraging strategic partnerships to accommodate upcoming infrastructure development inside and outside Thailand.

With its 43 years of experience, extensive knowledge base, advanced engineering expertise and high-capacity working teams, Ch Karnchang says it is confident of quality project outcomes and accomplishing its business goals.

The company plans to bid for new mass-transit and other transport projects including the MRT Orange Line, Pink Line and Yellow Line, dual-track railways, motorways, and Suvarnabhumi Airport Phase 2, and is confident that it will acquire 20-25 per cent of the construction work for these projects, Plew said.

With strong and diversified subsidiaries like BEM, TTW and CK Power, CK is also ready to invest in the government’s infrastructure projects under the PPP scheme, including expressways, superhighways, electric train systems, power plants and water-treatment plants.

As for its investment outside the country, two key markets are Myanmar and Laos, where infrastructure development is seeing a high growth rate, he said.

CK chief executive officer Dr Supamas Trivisvavet said the company managed to maintain a strong revenue stream and profit ratio in 2015 with revenue of Bt38.02 billion and net profit of Bt2.26 billion.

Of the total revenue, Bt34.81 billion came from construction business, which grew by 5.62 per cent from 2014. The gross profit ratio for 2015 was 8.22 per cent.

After the strong performance in 2015, the company’s annual general shareholder meeting on 29 April 2016 agreed to pay a dividend of Bt0.40 per share. When combined with the previous interim dividend of Bt0.25 per share, the total dividend for its 2015 performance is Bt0.65 per share, she said.

For 2016, CK’s revenue target for construction business is Bt35 billion to Bt38 billion.

The company’s current backlog accounts for Bt83.55 billion.

Last month, the company signed a construction contract for the Pattaya-Map Ta Phut Motorway-Contract 5 project for Bt727 million.

The Na Bong Power Substation project in Laos, worth Bt2.2 billion, currently awaits contract signing.

The company was also recently awarded additional construction work for the Xayaburi Hydroelectric Power Plant Project in Laos worth Bt19 billion, for which the contract is expected to be signed later this year. The construction of Xayaburi Power Plant is now reaching 60 per cent completion as planned.

Tipco sees 3-5 per cent sales growth

Published April 16, 2016 by SoClaimon

ศาสตร์เกษตรดินปุ๋ย : ขอบคุณแหล่งข้อมูล : หนังสือพิมพ์ The Nation

http://www.nationmultimedia.com/business/Tipco-sees-3-5-per-cent-sales-growth-30282996.html

OUTLOOK

TIPCO FOODS, the producer of Tipco fruit juice, expects sales growth in the 100 per cent fruit juice segment this year, managing director Ekkapol Pongsathaporn said yesterday.

He made the conservative forecast that the segment would grow by 3-5 per cent this year and the company expects its sales to grow in line with the overall market.

Part of the sales growth will be contributed by its new products, three of which were launched yesterday. Tipco Super Kid is the country’s first fruit juice especially for children, Tipco Season-based Mocktail is a limited-edition fruit juice available only this summer, and Tipco Homsuwan Pineapple is a fresh-fruit product for health-conscious consumers.

Strong foundation

These three products will lay a strong foundation for Tipco to become the “wellness brand”, Ekkapol said.

“This move will not only strengthen our market base but also provide us with greater opportunity to expand into related businesses, but with a focus on beverages and food for health for better quality of life,” he added.

Tipco is to announce its new business direction soon.

Ekkapol said the company would focus more on research and development this year to support its launch of new products.

At the end of 2015, the value of Thailand’s market of 100 per cent fruit juice was about Bt4.6 billion.

In the 100 per cent fruit juice segment alone, Tipco has a market share of 51 per cent. If the vegetable juice segment is included, the| company has a share of around 40 per cent.

PMTA upbeat after Baconco success

Published April 15, 2016 by SoClaimon

ศาสตร์เกษตรดินปุ๋ย : ขอบคุณแหล่งข้อมูล : หนังสือพิมพ์ The Nation

http://www.nationmultimedia.com/business/PMTA-upbeat-after-Baconco-success-30282128.html

OUTLOOK

PM Thoresen Asia Holdings (PMTA) has a positive outlook for long-term growth opportunities after a new production line at its subsidiary Baconco in Vietnam has contributed to a fourfold increase in just one year in exports of specialised fertilisers to the Philippines, managing director Sigmund Stromme said.

The product is NPK (nitrogen-phosphorus-potassium) fertiliser made through the steam granulation process.

Moreover, the company plans to expand its distribution channels both domestically and overseas as well as continuing to develop new high-quality fertiliser formulas, in addition to the approximately 100 formulas already produced to serve customers’ individual needs.

Coupled with strong sales promotions, PMTA will maintain its leading market share, he added.

Meanwhile, the company’s board of directors resolved to propose to PMTA shareholders at the annual general meeting on April 25 an annual dividend payment of Bt1.12 per share.

The company reported sales revenue of Bt3.25 billion last year, an increase of 6 per cent year on year, and net profit of Bt233 million.

Stromme said several key developments were accomplished during the year driven by the increased exports to the Philippines and impressive income from the factory-area leasing business, which jumped from Bt32.1 million to Bt49.1 million, or 53 per cent.

PTTGC sees ‘flat growth’ in 2016

Published March 18, 2016 by SoClaimon

ศาสตร์เกษตรดินปุ๋ย : ขอบคุณแหล่งข้อมูล : หนังสือพิมพ์ The Nation

http://www.nationmultimedia.com/business/PTTGC-sees-flat-growth-in-2016-30279630.html

OUTLOOK

PTT Global Chemical, the flagship petrochemical arm of PTT Group, expects this year’s performance to be on par with last year’s.

President and chief executive officer Supattanapong Punmeechaow said that even with the high volatility of oil prices, which shrank from US$60 a barrel to $34 last year, PTTGC could manage to book a net profit of Bt20.5 billion in 2015, up 33 per cent from 2014.

PTTGC’s performance this year is likely to be similar, though it has to keep a close watch on the movements of polyethylene prices. Nevertheless, this assumption is yet to take into account a possible gain from a cost-cutting and revenue-enhancement programme that it is to launch shortly, he said.

The company predicts oil prices at $30-40 a barrel and the spread between the prices of high-density polyethylene and naphtha to stay above $700 a tonne this year.

Supattanapong said PTT Group’s restructuring plan for its petrochemical subsidiaries would not affect PTTGC’s Map Ta Phut retrofit project, its largest domestic investment programme, which is expected to commence construction by the end of this year.

He said the restructuring plan that was initiated by PTT’s new chief executive Tevin Vongvanich was a good concept because enhancing efficiency is important during the current economic situation. However, there has been no conclusion yet on whether the streamlining plan will involve a consolidation of shareholding of petrochemical subsidiaries or will involve only more exchange of feedstock among them.

Chief financial officer Duangkamol Settanung said PTTGC was looking to sell some products from its Map Ta Phut retrofit project to PTT subsidiaries such as HMC Polymers, which could source polypropylene from PTTGC instead of SCG, while PTT Asahi Chemical could buy some C4 hydrocarbons from the firm’s new project.

The Map Ta Phut retrofit project will use 1.5 million tonnes of naphtha annually, out of the total 1.8 million tonnes that PTTGC is selling to SCG and shipping to export markets annually, to produce 500,000 tonnes of ethylene and 261,000 tonnes of propylene annually.

C4 hydrocarbons

The new project will also produce more than 100,000 tonnes of C4 hydrocarbons, which include butadiene and other chemicals. Supattanapong said PTTGC was negotiating with two or three foreign companies that have proprietary technologies to form joint ventures to produce high-value speciality chemicals from the C4.

Duangkamol said PTTGC last year booked an impairment loss of Bt2.6 billion for Myriant Corp, its 84-per-cent-owned US-based subsidiary, based on a conservative assumption that its bio-based chemical plant would be able to utilise only 40-45 per cent of its production capacity.

It is now too early to say if PTTGC will have to book additional impairment on the US assets this year, she said.

Regarding its planned $5.7-billion (Bt202 billion) US petrochemical complex, PTTGC is expected to know the construction cost by midyear, and is working with a major ethylene producer to conclude an ethane-feedstock contract by the third quarter.

PTTGC plans to issue debentures amounting to at least Bt9.7 billion this year, to match its loan repayment of the same amount this year, the CFO added.

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