ADVANC
ADVANC decreased its payout ratio from 100% to 70% to support its financial statement. Its 2016 net profit was Bt30.66bn, down 22% because of higher expense. (Kao Hoon, 06/02/17)
Comment: No surprises here. We are curious to see how much more they’ll spend on marketing campaigns.

ARROW
ARROW expects profit to record a new high due to higher demand and mass transit construction. It expects 2017 net profit to reach Bt1.6bn supported by its backlog of Bt250-300mn. (Kao Hoon, 06/02/17)

CHG
CHG targets 2017 revenue growth of 15-20%. It has an investment budget of more than Bt1bn to build three new hospitals and expects to finish at least one hospital this year. It is studying to acquire another hospital. It plans to increase its foreign clients and expects SSO patients to increase to 15,000-20,000 patients. (Thun Hoon, 06/02/17)
Comment: After a slight hiccup in earnings it looks like the company is back on track with its original goals.

CHO
CHO plans to bid for a new job worth Bt200-300mn and expects to get 80%. It targets 2017 revenue growth of 10% backed by backlog of Bt600mn, all of which will be booked this year. It plans to open a truck repair center in February and targets eight centers within three years. It plans to bid for NGV buses in 2Q17. (Thun Hoon, 06/02/17)

COMAN
COMAN plans to take over two software businesses in Thailand and expects this to cost Bt60mn. It targets 2017 revenue growth of 20% and plans to expand abroad. (Thun Hoon, 06/02/17)

DCON
DCON expects 1Q17 to be good supported by high season. It expects 2017 revenue to reach Bt1.1bn backed by customer expansion and booking revenue from transfers of Bt140mn. It plans to diversify its product to precast which it expects to start operating in March. (Thun Hoon, 06/02/17)

ERW
ERW expects 1Q17 earnings to grow, backed by an occupancy rate of 80% and a room rate increase of 3-5%. It has a 2017 investment budget of Bt2.2bn to build nine new hotels. It targets 2017 revenue growth of 10%. It continues to invest in the Philippines and expects revenue from businesses abroad to increase to 10%. (Thun Hoon, 06/02/17)
Comment: Still the same straightforward story from here

ESSO
ESSO targets 2017 revenue growth of 5%, supported by more demand. It has investment budget of Bt1.5bn to add 35 oil stations. (Thun Hoon, 06/02/17)
Comment: These # of stations will hardly make a dent in Esso nor the industry.

GLAND
GLAND plans to set up a REIT worth more than Bt6bn and plans to sell its assets, the Ninth Tower Grand Rama 9 and Unilever House Grand Rama 9 to the REIT. It will use the funds to repay debt and for investment. (Kao Hoon, 06/02/17)
Comment: Finally!

K
K targets 2017 revenue growth of 40-50%. It expects to get a new job worth Bt1.6bn. It plans to expand its activities to renovation of a luxury hotel and expects to book jobs on hand of Bt400-500mn. (Thun Hoon, 06/02/17)
Comment: No surprises here, if you recall the interview that was posted last year this company is one of the few that is going to benefit from all of those brand spanking new malls coming up in bangkok.

KKP
KKP expects 2017 profit growth 6% from 67% in 2016 as loans are recovering. It expects noninterest revenue to increase and has a high dividend yield 6.9% in 2017. (Thun Hoon, 06/02/17)
Comment: It’s called accounting..

LPN
LPN launched a new condo, Lumpini Ville Ratburana-Riverview 2, total valued at Bt900mn. It expects to finish construction and deliver to buyers in November. It expects this to support 2017 revenue. It plans to buy 5 rai for new projects in 2017. (Kao Hoon, 06/02/17)
Comment: They’ve been active in buying land as noticed by the 5 corporate announcements made last week. So the question is whether or not the shift to mid to high end projects will pay off for them. If Lumpini 24 is anything to go by then the firm should do just fine. Now just about that inventory….

MALEE
MALEE targets 2017 net profit of Bt732mn. It expects no impact from sugar tax policies. It plans to lower its sugar production and increase exports. (Kao Hoon, 06/02/17)
Comment: Then it would be trading at 20x ’17 earnings.

SAT
SAT is talking to 1-2 new clients to launch new products. It expects to make a decision soon. It targets 2017 revenue growth of 3-5% with vehicle production of 2mn. Local and foreign investors are interested in its shares as foreign investors have 20% at the present. (Thun Hoon, 06/02/17)

SC
SC targets 2017 revenue to reach Bt20bn with presales of Bt16bn. It plans to launch the biggest project of the year “28 Chitlom”, valued at Bt8bn, on Feb 25-26. (Kao Hoon, 06/02/17)

SE
SE will offer 60mn IPO shares priced at Bt2.45/share. The subscription period is Feb 6-8 with the first trading date on Feb 14. It will use the funds to invest in an engineering service center and as working capital. (Kao Hoon, 06/02/17)
Comment: Looks like another small ipo that will perform amazingly well on the first day.

SITHAI
SITHAI expects 2017 performance to recover aided by economic growth and higher capacity. It expects revenue to hit Bt20bn within 2019. (Thun Hoon, 06/02/17)

TFG
TFG expects substantial growth this year as it plans to increase its capacity for broilers and swine, implement cost controls and launch value-added products. It expects 2017 revenue to grow not less than 15% after its performance turnaround in 2016. (Kao Hoon, 06/02/17)

THANI
THANI expects 2017 loan growth of 15-20% on the back of higher demand for trucks for public investment projects. It targets its loan portfolio to reach Bt50bn within 2020. It expects spread to be higher than 4% this year. (Thun Hoon, 06/02/17)