ACD
ACD expects to show net profit in 3Q15 backed by property management fees of Bt35mn. It plans to buy three hotels in Phuket, expected to be finalized in 4Q15. It plans to acquire more property business in Laos and Cambodia. It is confident 2015 revenue will be higher than Bt1bn and expects to wipe out retained losses within two years. (Thun Hoon, 15/07/15)

ANAN
ANAN expects 2H15 revenue of Bt10bn backed by revenue recognition. Management says it plans to launch new projects that will contribute revenue for the next three years. (Thun Hoon, 15/07/15)
Comment: I think the journo’s don’t understand what they are writing here, ANAN isn’t going to have THB 10 bn in revenue in its 2H15, perhaps an additional THB 10bn of new backlog to be recognised in the future.

DCC
DCC plans to open new outlets in Cambodia and Laos. It expects exports to double this year benefitting from numerous orders from Sri Lanka, the Philippines, and Malaysia. It targets sales of Bt7bn with profit in the double digits. (Thun Hoon, 15/07/15)
Comment: Every thai co in this segment has to expand overseas, the domestic market is dead for them, until agricultural prices increase …

ERW
ERW expects tourist sector to continue to trend up in 2H15. It expects 2015 revenue to grow 30-35%. It plans to open 5 HOP INN hotels in 3Q15-4Q15 and 10 in 2016. (Thun Hoon, 15/07/15)
Comment: Always liked this company, but its a asset heavy business and despite their best attempts it isn’t easy to increase value.

FIRE
FIRE expects to open new branches in Cambodia, which will contribute revenue of Bt50mn each year. It plans to do an M&A next year. It expects 2016 revenue to grow backed by increasing sales and larger client base. Its work on hand is Bt200mn, of which it expects to book 70-80% this
year. (Thun Hoon, 15/07/15)

IFEC
IFEC plans to bid for a 50-100MW solar plant with a budget of Bt75mn. The investment into wind and solar is expected to be clear in July. (Khao Hoon, 15/07/15)

HMPRO
HMPRO has budgeted Bt15mn for a marketing campaign “Bangkok Sale 21 days 21 outlets” to increase demand, which is expected to contribute revenue of Bt1.3bn. (Khao Hoon, 15/07/15)

KTC
KTC expects personal loan customer base to achieve target of 148,000 as it managed to grow 90% in the first half of this year. NPL rate is only 1.1%. It plans to use “KTC Proud” to raise performance in 2H15. (Thun Hoon, 15/07/15)

PLANB
PLANB is talking to two ad agencies to manage ads in airports, which it expects to finalize in 3Q15. It plans to expand into Malaysia and Indonesia and expects to gain a 90% market share in out-of-home media business. (Khao Hoon, 15/07/15)
Comment: They’ve done an admirable job in their rapid expansion in the past few years, definitely has taking VGI and MACO by surprise

POLAR
POLAR board approved to sell 825mn shares (Bt0.175/share) via PP to two investors. It is cooperating with Jonathan Lam to invest in property in the U.K. worth Bt5.6bn. (Thun Hoon, 15/07/15)

QLT
QLT expects 2Q15 earnings to grow backed by transfers. It is confident 2015 revenue growth will achieve target of 5% as there are many bids. (Khao Hoon, 15/07/15)

RS
RS is budgeting Bt50mn to restructure programming on Channel 2 which is expected to be a news and entertainment news channel. It targets 2015 revenue of Bt400mn. (Khao Hoon, 15/07/15)
Comment: If they selling by the company is complete, and management is buying shares in the stock again perhaps it may be time to take a closer look at RS

SAPPE
SAPPE expects 2Q15 revenue of Bt750mn (+35%) with net profit of Bt113mn (+41%) aided by export growth and orders from China. (Khao Hoon, 15/07/15)

SVOA
SVOA is prepared to bid for a government project placing 5,000 wifi hotspots for education. It expects to win the project given its past history with government projects. Management plans to sell LIT shares. It plans to list subsidiary DATAONE soon. (Thun Hoon, 15/07/15)

TFD
TFD expects to show net profit this year after a 2014 loss of Bt169.15mn. Foreign investors are dealing to buy three rai of land. Management says TFD plans to launch The Harbour Residence, worth Bt1.8bn. (Thun Hoon, 15/07/15)

TMB
TMB expects 2Q15 earnings of Bt2.4bn (44% growth) benefitting from lower provisions, loan growth and saving accounts growth. It expects revenue from fees to grow 3%. It says there is no plan for extra provisions as coverage ratio is 150%. (Khao Hoon, 15/07/15)

TPIPL
TPIPL plans to issue Bt17bn debenture with coupon rate of 4.1-5.2%. It expects to sell the units in August. The objective of this debenture is refinancing. (Thun Hoon, 15/07/15)
Comment: News of a THB 4 bn lawsuit hurt the stock badly the other day

VIBHA
VIBHA targets 10% revenue growth this year and expects net profit to mark a record high. It expects to finish a takeover deal in 2H15. It is talking to prospective Chinese and Myanmar partners to invest abroad. It plans to list subsidiary Thipyabodi next year. (Thun Hoon, 15/07/15)

WHA
WHA plans to pay down debt using Bt4bn dividend income from HEMRAJ, which will cut interest expense by Bt300-400mn per year. Its creditor bank is cutting its loan rate from 4.5% to 2%. It expects to set up an REIT in 2H15. (Khao Hoon, 15/07/15)
Comment: And the asset stripping of HEMRAJ has commenced!