ACAP
ACAP plans to revise up its 2017 loan target from Bt6bn after already achieving Bt5bn in 1Q17. It is talking to a prospective partner to engage in home loans in Myanmar and Cambodia. (K ao Hoon, 23/05/17)

AMATA
AMATA expects 2017 revenue to be better than last year thanks to EEC. It has land in the target provinces Chonburi, Chachoengsao and Rayong. It targets sale of 1,000 rai and is in negotiations with several clients. It backlog is Bt1.15bn. (Kao Hoon, 23/05/17)
Comment: WHA seems to be winning more business than AMATA these days, fact remains that HEMRAJ was a better industrial real estate developer than AMATA.

AP
AP achieved presales of 75% (Bt5.8bn) in Life @ Ladprao upon launch. The total value of the project is Bt7.6bn. It believes the industry has normalized. (Kao Hoon, 23/05/17)
Comment: Property developers rejoice!

BANPU
BANPU plans to acquire 2-3 shale gas companies in the US. It expects a deal to be sealed in 3Q17-4Q17. It expects this year to be good, with higher coal price, now average US$65-70/ton in Indonesia. It has already entered into forward contracts for 37% of its sales with the average price above US$70/ton. (Thun Hoon, 23/05/17)

BPP
BPP expects substantial growth in 2017 supported by higher profit sharing from BLCP and Hongsa power plant. It expects 150MW in China to start up soon. It is budgeting US$117mn for acquisition and project development. (Thun Hoon, 23/05/17)

BR
BR’s board approved investment in the Netherlands of Bt275mn to acquire a duck processing plant. It expects the deal to be completed in Sep. (Kao Hoon, 23/05/ 17)

CBG
CBG expects an outstanding performance in 2H17. It continues to expand to Europe and response has been good as some foreign companies are requesting to become distributors. It expects some finalization in 2Q17. It plans to expand to the US where growth potential is high. It plans to increase capacity to handle upcoming orders. (Thun Hoon, 23/05/17)
Comment: Hmmm well if you believe you believe.

CK
CK expects 2Q17 earnings to be better than 1Q17’s Bt600mn on dividend income from TTW and interest income from lending to Xayaburi. It expects to sign a contract for Bt19.6bn. It expects to get a power plant project in Laos valued at Bt100bn. (Kao Hoon, 23/05/17)

ILINK
ILINK expects 2017 revenue to grow 15-20% to above Bt3.5bn. It continues to take part in a Bt2.1bn underwater cable project at Koh Samui. It plans to hold roadshow in Singapore and Malaysia to attract foreign investors. It targets foreign shareholdings to reach 10% within 3-4 years from 7% now. (Thun Hoon, 23/05/17)
Comment: Opp day yesterday gave confidence to this name again.

ITEL
ITEL expects 2Q17 earnings growth of 20% from 1Q17 with higher revenue. It expects 2017 revenue growth to reach 20-30% with backlog of Bt1.17bn. It plans to open a new data center in 3Q17. It expects to conclude its investment in Myanmar this month. (Kao Hoon, 23/05/17)
Comment: See above.

PK
PK expects an outstanding performance in 2017 with Bt2bn backlog. It expects this to be booked in 2017. It is setting up a plant in Indonesia to act as a springboard for partnering with local companies . (Thun Hoon, 23/05/17)

QTC
QTC expects 2017 performance to turn around with robust earnings in 2H17. It targets 2017 revenue to reach Bt1bn. It plans to take part in Bt2bn bids. It will ask approval from its board on May 31 to invest in 200MW solar farms in Myanmar. (Kao Hoon, 23/05/17)

SMIT
SMIT expects robust earnings in 2Q17 on the back of large orders from the agro-industry and consumer products. It recently got hardening projects for aircraft parts with a high margin of 70%. It expects 3Q17-4Q17 performance to be good on public projects and recovery in the auto sector. It targets 2000 customers this year with 10% revenue growth. (Thun Hoon, 23/05/17)
Comment: I used to love the idea of manufacturers when I started in this industry, but after working for 1 for 12 months I realised its an awful business model, but doesn’t mean one can’t do well at the right price.

SRICHA
SRICHA continues to take part in bidding expected to be announced this year and next with a total value of Bt2bn. It recently negotiated for four projects at home and abroad. It reported 1Q17 net profit of Bt19.4mn, up 165%. (Thun Hoon, 23/05/17)

TRITN
TRITN subsidiary to work with CPP. TRITN will benefit from the cooperation between subsidiary STREGA with CPP to handle a Bt3.3bn 600km oil pipeline project. (Kao Hoon , 23/05/17)
Comment: This is supposed to be a holding company, that has plans to list all of their subsidiaries, Strega does appear to be their only decent company…

UV
UV targets 2017 revenue growth of 10% from last year’s Bt17.36bn. It plans to launch 24 projects with total value of Bt25.5bn. It targets presales of Bt16.5bn. It is talking to a prospective partner to do an M&A with an eye to expanding to projects not related to the property business. (Kao Hoon, 23/05/17)