AAV expects 3Q16 to grow 20%, driven by Chinese tourists. It plans to open four more routes after already adding 10 routes this year. It is ready for the AOC assessment on Sept 12. (Thun Hoon, 7/9/16)
Comment: A discussion with the founder, T.F., indicates that he’d like to take back all of the Air Asia’s that aren’t fully under his control. I wonder what the outcome shall be for Air Asia Thailand
BAY goes for home loans with interest rates of 4-5% for seven years. It targets new home loans to grow from Bt52bn to Bt65bn and limited NPLs at 2.5-2.6%. (Khao Hoon, 9/9/16)
Comment: This is an amazing movement, don’t be surprised to see more and more clients shift to BAY
BIGC to renovate Mahachai branch for Bt100mn. It plans to expand the area by 15,920 square meters. (Khao Hoon, 9/9/16)
CENTEL expects to perform well in 2H16, driven by its food business. It plans to expand its business abroad and buy a hotel in Dubai. (Thun Hoon, 7/9/16)
CK increases revenue target to Bt44-45bn from Bt35-38bn. It plans to bid in the Bt200bn government project bids, lifting its backlog above Bt100bn. It says 2016 earnings will be better than 2015. (Thun Hoon, 7/9/16)
COM7 expects iPhone7 to boost sales. The iPhones will be available at stores around October this year. (Khao Hoon, 9/9/16)
Comment: It had a little pop pre the iPhone7 announcement but the market just took it down with everything else.
CPF approved as DJSI Emerging Markets member this year, because of its World Kitchen vision. (Khao Hoon, 9/9/16)
CWT is sending CWTG to buy BSF3, a solar farm with 5MW worth Bt76.07bn. It targets 2016 revenue to reach Bt1.7bn. (Thun Hoon, 7/9/16)
TRIS Ratings upgraded rating of GOLD to BBB+ from BBB with stable earnings growth from higher revenue. (Khao Hoon, 9/9/16)
ICHI expects to see revenue of Bt6.3bn. It plans to launch a new product, YenYen, on Indonesian markets next month. It also plans to increase OEM work and export revenue to reach 4% of total revenue. (Khao Hoon, 9/9/16)
Comment: We do wonder when ICHI will roar again. It’s a consumer name, has had declining #’s, could a turnaround in operating performance be coming within the next few years?
OCEAN expects 2016 revenue of Bt310mn. It is open for business partners to drive alternative energy. (Thun Hoon, 7/9/16)
UWC expects 2016 revenue to grow 100% from telecommunications tower sales growth. It believes 4Q16 earnings will be positive. It also plans to invest in two biomass power plants soon. (Khao Hoon, 9/9/16