AIA

AIA has increased its potential to be a leader in insurance market in Australia and New Zealand via an acquisition and 20-year partnership to sell insurance through banks. It expects this will add significant value to its business and create substantial growth in both revenue and earnings. (Thun Hoon, 2/10/17)

ANAN

ANAN reports that six projects worth Bt16bn will be transferred in 4Q17. It expects 4Q17 transfers to account for 65% of the year’s transfers. It is also doubling the number of launches in 2017 from 2016, reaching a value of Bt42bn. It plans to issue a Bt2bn bond in October and expects this to reduce cost of capital by 0.45%. (Thun Hoon, 2/10/17)

BCPG

BCPG signed a joint venture contract to sell electricity to the Veteran’s Organization and government solar projects with total production capacity of 9MW. It will start the construction in early 2018 and will begin to book revenue in 2Q18. It targets 2017 production capacity to reach 585 MW and double the CODs. (Thun Hoon, 2/10/17)

CHO

CHO hastens to finish the setup of an e-ticket system in BMTA buses by 1Q18. It expects to book revenue in 2Q18 of Bt27mn per month and expects 2018 revenue to increase substantially. It is going to join the bidding to supply 489 new NGV buses that will be opened in mid-October. (Khao Hoon, 2/10/17)

EA

EA expects 2017 revenue to grow 27% after starting to book revenue from solar farms and completing the COD of 404 MW. It says that it is in the process of studying wind and solar power plant projects overseas, which it expects to finalize within 2018. It is working with three electricity agencies to study an electricity reserve battery project; it expects the first phase to finalize in seven months. (Thun Hoon, 2/10/17)

HMPRO

HMPRO reports that sales from Malaysia branch beat its expectation. It plans to open two new branches in 4Q17 and to continuously expand branches in CLMV. It expects 2017 revenue to grow 8% as demand is picking up, largely from the home renovation market. It says the flooding will impact only in the short term and believes clients will adapt shortly. (Thun Hoon, 2/10/17)

JMART

JMART targets sales from “Thailand Mobile EXPO 2017” to reach Bt80mn, as many new models will stimulate demand. It says this event will support 2017 earnings to make a new high. It plans to increase new branches and targets 500 branches by the end of 2017. It also plans to issue a new bond and progress on 4-5 joint venture and acquisition deals. (Thun Hoon, 2/10/17)

MAX

MAX says it has cancelled the Bt454.12mn purchase of PPTC power plant shares and has received back its deposit of Bt100mn. It says that this will not affect its operational plan and it will continue to find new investment opportunities in new businesses. (Thun Hoon, 2/10/17)

TKN

TKN says 4Q17 revenue will make new high after the high season in tourism. It will launch new flavors of roasted and grilled seaweed products with a high margin to increase customers choice. It expects 2017 revenue to grow by 10%. (Thun Hoon, 2/10/17)

TOA

TOA ‘s IPO price is Bt24/share, with its strong fundamentals attracting good response from both retail and institutional investors. It will continue to expand overseas and will start operations of its factories in Indonesia, Myanmar and Cambodia in 2018. (Thun Hoon, 2/10/17)

TPCH

TPCH’s shareholders approved the construction of four new power plants, TPCH Power 1,2,5 and Pattanee Green” with total capacity of 46 MW. It targets production capacity of its biomass power plant to reach 200 MW in 2019. (Thun Hoon, 2/10/17)

TSF

TSF begins manage advertising in Don Muang airport and AOT’s three main provincial airports, Chiang Mai, Chiang Rrai and Phuket. It plans to increase digital billboards by 100 spots to support demand. It believes this will support 2018 revenue to grow. (Thun Hoon, 2/10/17)