Names today: arrow, ba, big, com7, irpc, kcm, lit, nusa, spa, synex, syntec, thcom, tog, tpipl

ARROW
ARROW expects 3Q15 earnings to be good backed by expansion of industry and government investment. It expects this to raise 2015 net profit to Bt248mn (+32%). (Khao Hoon, 19/10/15)
Comment: One of the few companies that have consistently shown earnings growth this year.

BA
BA expects 2016 revenue to grow 10-15% to a record high net profit. It plans to open two routes to Vietnam. It is talking to three prospective partners. 2015 cabin factor is 68-69% which is lower than expected, affected by the economic crisis in Europe. (Khao Hoon, 19/10/15)
Comment: BA’s value as a business is still effectively it’s control over Samui and we’re still waiting to see if they can truly become a regional airline, in addition to this they still have that huge stake in BDMS

BIG
BIG expects 2015 revenue to grow not less than 10% backed by growth in demand for mirrorless cameras. It maintains its targets of 10% revenue growth and 20% gross margin next year. It expects to pay dividend if shareholders approve a restructuring plan to reduce capital. (Thun Hoon, 19/10/15)
Comment: With mobile phones now replacing (or for a while already) replacing cameras I do doubt the long term viability of this company

COM7
COM7 expects 4Q15 earnings to mark a record high on the back of launching iPhone 6S and iPhone 6s Plus. It expects exports to increase aided by seasonality. It plans to invest in new business for risk diversification. (Thun Hoon, 19/10/15)
Comment: It does feel like this company should be an annual trade i.e. every time a new iphone comes out buy.

IFEC
IFEC expects 2015 revenue of Bt1bn backed by supplying 60MW in electricity. It expects to operate more than 200MW next year which will raise its revenue by two to three times from this year. (Khao Hoon, 19/10/15)

IRPC
IRPC expects 3Q15 net profit of Bt800mn on a lower stock loss than expected (US$3.7/barrel). It expects to book insurance claim of Bt850mn in the quarter. (Khao Hoon, 19/10/15)

KCM
KCM expects to get Bt200mn projects from Khon Kaen government. It plans to bid for a Bt200mn knock-down house project which is expected to be finalized by October. It expects 2015revenue to be good. It expects acquire existing and new businesses. It expects this to increase its customer base and diversify risk. (Thun Hoon, 19/10/15)

LIT
LIT and KTB will launch new product to support SMEs who cannot access funds. It expects this product to further government policy (increase competitiveness). It expects SMEs to be interested in this product. It expects the payments on the loans to increase revenue. (Thun Hoon, 19/10/15)

NUSA
NUSA has achieved Bt2bn presales from NUSA ONE. It plans to introduce phase 2 soon. It expects 2015 sales to achieve target of Bt5bn. (Khao Hoon, 19/10/15)

SPA
SPA expects 3Q15 revenue to grow more than 10%. It expects 4Q15 earnings to be peak. It expects 2015 revenue to grow 55% with record high net profit. (Khao Hoon, 19/10/15)
Comment: On the back of its acquisitions of other spa’s left right and center.

SYNEX
SYNEX expects to report 3Q15 earnings by Nov 15. It expects 3Q15 net profit to grow 30% from 3Q14’s Bt61mn aided by high demand and cost control. It expects 2015 revenue to achieve target of Bt21bn. (Thun Hoon, 19/10/15)
Comment: SYNEX, while a well managed company, will be in that constant death spiral of having to reduce costs and pray that mobile phone sales/IT sales can be maintained

SYNTEC
SYNTEC expects to get a Bt1.5bn condominium project which is expected to be announced soon. It expects this to raise its backlog to Bt15bn as targeted. (Thun Hoon, 19/10/15)
Comment: 2016 should be @ all time highs but ONLY because of the tax shields

THCOM
THCOM expects 3Q15 net profit of Bt286mn (+2%). Profit in the first nine months is expected to reach Bt1.4bn (+19%). It expects 2015 net profit of Bt2bn (+25%). (Khao Hoon, 19/10/15)

TOG
TOG expects 2H15 revenue to be good on the back of high demand from Europe and the baht depreciation. It expects 20156 revenue of Bt1.86bn backed by transfers. (Thun Hoon, 19/10/15)

TPIPL
TPIPL targets a 200MW waste power plant next year after it has added 55MW more and is waiting for the PPA for 90MW which is expected to be approved by 1H16. It expects this to contribute revenue in 2H16. It expects 2015 revenue to be higher than Bt30bn. (Thun Hoon, 19/10/15)