ADVANC
1Q15 earnings will be released today. Net profit is expected to grow 3% to Bt9.74bn benefitting from 54% growth in revenue from sales and 7% growth in revenue from service. Net profit this year is estimated to hit Bt42.81bn, 17%growth. (Khao Hoon 08/05/15)

BIGC
1Q15 earnings grew 14.6% YoY from sale promotions to Bt1.44bn, EPS of Bt1.75. Sales revenue grew 1.9%YoY because BIGC launched promotional campaigns, especially during Chinese New Year. However, sales revenue slipped in March due to concerns about economic recovery. As a result, same-store sales contracted 0.2%YoY. (Post Today 08/05/15)
Comment: A negative SSSG again for BIGC, either they are losing out to Tesco (Which we doubt) or its just the overall market is far softer given the lower agri prices

CITY
4QFY15 to be best of the year – CITY expects 4QFY15 earnings (May-July 2015) to be its highest because of government investment projects that will increase demand for steel. It expects FY2015 (August 2014-July 2015) growth of 10% from FY2014’s Bt767mn. (Thun Hoon 08/05/15)
Comment: CITY used to be a pick of ours way back in 2007, it still has a decent dividend with a clean balance sheet

LPN
1Q15 earnings fell 16.7% due to fewer transfers. Khun Sombat Kittiphokirat says the firm and its subsidiary reported 1Q15 earnings of Bt292.09mn, Bt0.2 per share, down from last year’s Bt350.63mn, Bt0.24 per share. (Post Today 08/05/15)
Comment: But this will be the low for the year with 2Q15 likely to recognise several projects

ML
Japanese firm to do a tender offer for ML at a price of Bt2.2per share. This has been raised from the first tender offer of Bt1.9per share. The objective for this tender offer is to support Japanese investors moving to Thailand and to expand in the leasing market via taking over a leasing firm in Asia via ML. Commercial banks also interested in buying ML in order to expand leasing market share. ML says 1Q15 earnings continued to grow. (Thun Hoon 08/05/15)
Comment: This sounds like a rumour.

PTG
Plans to expand to AEC, beginning with Laos. It expects to finalize its investment plan this year. The deal for a waste power plant is progressing and expected to conclude in 2Q15-3Q15. Khun Pitak Ratchakitprapa says 1Q15 earnings were good. (Thun Hoon 08/05/15)
Comment: One of my stars in the past 12 months, great operator in a crappy industry.

SENA
Launches Sena Ville Ramintra and Sana Town Ramintr, Bt240mn on May10. (Khao Hoon 08/05/15)
Comment: I’ve been seeing news snippets that they’ll do solar as well.

SLP
MD of SLP targets 10-15% revenue growth with a stable gross margin of 30%. The firm plans to build a new factory to increase capacity and pay down debt using cash from the IPO to reduce D/E ratio to 0.14X. (Khao Hoon 08/05/15)

SITHAI
Targets 10% revenue growth this year with plans to expand abroad and a stable gross margin at 19%. The business in India continues to trend up with high growth. The firm has set an investment budget of Bt1.5bn. (Khao Hoon 08/05/15)

SUSCO
1Q15 earnings look good, benefitting from an increase in oil sales revenue which came from rising demand. It targets 8-10% sales growth this year while oil price is expected to move at US$50-60 per barrel. It has budgeted Bt200mn for renovation of old branches to boost its profit and increase its market share in Asia. (Thun Hoon 08/05/15)

SVI
1Q15 earnings turned to positive due to booking insurance compensation of Bt180mn. It said sales revenue will stand at US$260-290mn. It plans to set up a new factory in a neighboring country. (Thun Hoon 08/05/15)
Comment: His sharebuyback plan seems to have put on a floor on the stock price, even though he hasn’t bought anything back yet.

THCOM
1Q15 earnings beat with growth of 35% to net profit of Bt540mn backed by more revenue from satellite, internet and media and more efficient control over SG&A. (Khao Hoon 08/05/15)

TICON
TRIS Rating rates the TICON and its current corporate bond at “A”. Its new corporate bond, worth Bt3bn, will be rated “A”. (Post Today 08/05/15)

TPCH
TPCH released 1Q15 earnings that show a fall in revenue and profit because of an 8-day shutdown of its power plant, raising costs. However, 2Q15 profit is expected to normalize and its yearly revenue to grow 30-40% as targeted. (Khao Hoon 08/05/15)
Comment: Potentially the largest biomass power plant in the South

VGI
FY2015 (April 2014-March 2015) fell to Bt838mn. The slowed economy reduced advertising. The advertising in modern trade business has damaged revenue but it plans to search for new opportunities. (Khao Hoon 08/05/15)