AAV
AAV plans to expand its routes to and from U-Tapao and CLMV and India. It targets load factor of 84% in this year with market share of 30%. It expects 2017 revenue to grow not less than 16%. (Thun Hoon, 24/04/17)
Comment: I can just see this airline continuing to dominate the skies in Thailand

BANPU
BANPU expects 1Q17 net profit of Bt2.2bn, a four-year high, brought by recovery in coal price. (Kao Hoon, 24/04/17)
Comment: What recovery? A quick spike at the end of 2016 has been followed by a downtrend for the past few months

BAY
BAY reported 1Q17 net profit of Bt5.65bn, up 9.6%. It expects 2017 performance to grow in line with economic recovery. It expects its loan portfolio to grow 6-8%. (Thun Hoon, 24/04/17)
Comment: I still like the idea of investing in this bank versus the other bigger players in the market, but it seems that the Japanese client base that the new shareholders have pinned their hopes on for corporate loan growth have been quiet.

CSS
CSS expects 2017 revenue to reach Bt5-5.2bn brought by Bt1.6bn backlog. It plans to take part in upcoming bids. It will pay a dividend of Bt0.1/share, XD on Apr 25, PD on May 18. (Kao Hoon, 24/04/17)

DIMET
DIMET plans to expand to the U.S. after it signed a contract to set up new dealer. It plans to supply more products to clients in the shipping business. It expects FY17/18 performance to turn around with revenue target of Bt600mn. It is talking to clients for OEM products in Laos and Myanmar. It plans to expand its lines and will provide further information next month. (Thun Hoon, 24/04/17

ECF
ECF plans to expand its line of business and expects this to contribute revenue in 2Q17. It targets 2017 revenue to grow 10-15% from existing projects. It expects a robust performance in 1H17, especially from the power business. (Thun Hoon, 24/04/17)

GFPT
GFPT expects 1Q17 performance to increase 37% YoY on the back of exports. It expects 2017 net profit to reach Bt1.8bn aided by high demand, higher broiler price and larger orders because of bird flu in other producing countries. (Thun Hoon, 24/04/17)
Comment: That bird flu will definitely help the earnings spike, but be aware because this won’t last forever.

MEGA
MEGA expects 1H17 performance to be good supported by numerous orders. It targets 2017 revenue growth of 5-10% fostered by more clients. It is budgeting Bt100mn for investment to support its growth. (Thun Hoon, 24/04/17)
Comment: 5-10% growth but trading at these multiples ok…

NUSA
NUSA expects 1Q17 presales of Bt850mn and expects presales to reach Bt5bn in 2017. It has backlog of Bt3bn which is ready to sell. It plans to launch ten new projects on expectations of property sector recovery. It expects 2017 performance to turn around. (Thun Hoon, 24/04/17)

PSTC
PSTC plans to invest in 3MW waste power plant; it expects a decision in 2Q17. It is confident that its cash on hand is enough for investment. It expects revenue from selling electricity to double this year. (Thun Hoon, 24/04/17)

SCC
SCC expects 1Q17 net profit to reach Bt15bn, up 16% YoY, aided by seasonality of the petrochemical business with better spread. Its cash on hand is Bt80bn which it believes is sufficient for future investment. (Thun Hoon, 24/04/17)

SEAFCO
SEAFCO is budgeting Bt100mn to buy new equipment to handle mega projects. It plans to take part in upcoming bids which is expected to push up 2017 revenue to Bt2bn. (Thun Hoon, 24/04/17)

SPALI
SPALI expects 1Q17 presales of Bt7.56bn, up 43%. It plans to launch six low-rise projects in 2Q17, with total value of Bt4bn in CBD and upcountry. (Kao Hoon, 24/04/17)

SR
SR is talking to a prospective partner to expand to CLMV. It expects the deal be done soon. It plans to take part in Bt1bn bids with work on hand of Bt500mn. It will continue to invest in the power business with target IRR of not less than 10%. It expects 2017 revenue to be close to last year. (Thun Hoon, 24/04/17)

SUPER
SUPER shareholders approved wiping out retained losses of Bt700bn by transferring share premium. It plans to issue a Bt1.5bn debenture. It expects 2017 revenue to reach Bt9mn-10bn, supported by power plants. (Kao Hoon, 24/04/17)

TU
TU targets 2017 exports to grow 10% to Bt150bn on the back of recovery in exports and its subsidiaries. (Thun Hoon, 24/04/17)
Comment: It’s becoming more obvious to me that this company should be viewed as a consumer brand. Would they ever spin off their manufacturing…hmm..

TWPC
TWPC expects to lead the tapioca flour, vermicelli, and bean sheet market in CLMV in 2017. It is budgeting Bt1-2bn to expand its capacity. It will pay a dividend of Bt0.21/share, XD on Apr 27, PD on May 19. (Kao Hoon, 24/04/17)
Comment: Since the merger this stock price has just continued to go up and up, why? It’s a fairly straightfwd basis, with decent growth, minimal fluctuations in the margins, and no debt.