AAV
AAV reported 1Q17 net profit of Bt570mn, down 43% due to higher fuel cost. Its revenue was Bt9.1bn, up 2% on 8% passenger growth and 89% loading factor. (Kao Hoon, 11/05/17)
Comment: How much better can this company perform? It’s effectively running at full load, the only thing that they can do different is somehow become one of the best oil traders in the market.

AOT
AOT says it will pay Bt300mn in additional annual rental to The Treasury Department for Suvarnbhumi. This will bring rent to Bt1.8bn/year from Bt1.5bn/year. It expects this to have no impact on revenue. It plans to increase the rental rate for leasable area. (Thun Hoon, 11/05/17)
Comment: In the end its a non-event

BCP
BCP launched Hi Premium Diesel S which is suitable for new car models. It expects this to be available at 200 stations within this year. It targets 2017 EBITDA of Bt13bn. (Kao Hoon, 11/05/17)

BKD
BKD reported 1Q17 net profit of Bt75mn, up 357%. It expects continued growth in 2Q17. It targets 2017 revenue to grow 20% brought by projects in Cambodia. (Kao Hoon, 11/05/17)

EGCO
EGCO reported 1Q17 net profit of Bt2.9bn, up 14% with revenue of Bt7bn, up 39%. Behind this is 4,250MW in 26 power plants. It expects three more projects to start operations in 2017. (Kao Hoon, 11/05/17)

INET
INET is talking to a prospective partner and expects to get more local IT projects. It targets 2017 revenue growth of 30% on high demand for cloud solution systems for both private and public entities. It expects NET IDC3 to attract more customers. It expects 1Q17 performance to be good thanks to NET IDC3. (Thun Hoon, 11/05/17)
Comment: They have a captive customer base with the government institutions and some of the large players i.e SCC

MONO
MONO reported 1Q17 net profit of Bt23mn driven by Mono29 channel, for which ad occupancy is now 80%. It expects 2Q17 performance to be good on seasonality. It targets 2017 revenue of Bt3bn, up 60%. (Kao Hoon, 11/05/17)

PAP
PAP plans to expand to Kubota market which it expects will boost sales by 10% from last year’s Bt7.15mn. It continues to offer high-margin products and to expand abroad. It plans to increase capacity to 60,000 tons, to be completed 4Q17. It is talking to a prospective partner. (Thun Hoon, 11/05/17)

SCN
SCN expects 2Q17 performance to recover on the back of its iCNG business. It plans to cooperate with Sojitz to produce gas cylinders, with revenue contribution expected in 3Q17. (Kao Hoon, 11/05/17)

SELIC
SELIC expects 2H17 performance to be good after restructuring. It is budgeting Bt40mn to set up an additional product line in 3Q17, which will focus on customers in the furniture and auto parts segments. It targets 2017 revenue growth to hit double digits. (Thun Hoon, 11/05/17)

SUSCO
SUSCO expects 2017 performance to achieve target on the back of high demand. It expects to see sales increase by 8-10%. It also plans to broaden its Susco Smart member base to 1mn which will lift sales. It expects oil price to swing around US$45-55/barrel. (Thun Hoon, 11/05/17)
Comment: Still a sneaking suspicion that this is a B grade version of PTG (at best)

TCMC
TCMC expects 2017 revenue to double upon a by full quarter of revenue recognition from DDM in 1Q17 and growth in all business segments. It continues to take over companies with potential to provide sustainable growth. It is negotiating 2-3 deals and expects clarification soon. It plans to expand to Europe, Asia, and ASEAN. (Thun Hoon, 11/05/17)
Comment: Another company that is buying growth, now I like the idea but I am worried about the exposure to the declining british pound which I am of the viewpoint will drop to parity with the USD

TNR
TNR expects 2Q17 performance to be better than 1Q17’s Bt3.4mn (-93%). It continues to broaden its customer base. It plans to start a marketing campaign for the OneTouch brand for which numerous orders will be transferred in 2H17. (Kao Hoon, 11/05/17)
Comment: Well that was not what people were expecting

TPCH
TPCH reported 1Q17 net profit of Bt63bn, up 104%, on the back of four power plants. It targets to be the leader with 200MW production from biomass power plants in 2020. (Kao Hoon, 11/05/17)
Comment: Seems that there are delays by a quarter for the new plants to come online

TPIPP
TPIPP posted 1Q17 net profit of Bt698mn with 197mn unit sales of electricity. It will pay a dividend of Bt0.1/share, XD on May 19. (Kao Hoon, 11/05/17
Comment: That’s an impressive number