AIS
AIS pushes for joint venture with TOT, Mobile leader wants to rent telecom towers – Mobile leader Advanced Info Service Plc (AIS) has submitted a joint-venture proposal to TOT Plc to operate telecom tower sites after its mutual second-generation (2G) mobile concession expires next month. (Bangkok Post, 10/8/15)
Comment: Well they need it given the expiration of its concessions and in the case that 4G may (or not) be postponed

AIT
2Q15 earnings dropped 13%QoQ and 56%YoY hit by decreasing backlog and inefficient cost control. It plans to pay an interim dividend of Bt0.55/share. (ASTV, 10/08/15)
Comment: AIT – once a darling, it’s being hurt along with anyone else that relies upon government projects for their revenues, but it doesn’t change the fact that once the government becomes operational AIT will be a major beneficiary given the continued investment in IT by Thailand.

BEAUTY
BEAUTY expects 2Q15 earnings of Bt61mn. Its CEO says 2015 revenue will achieve 20% target growth backed by high demand locally and overseas. (Thun Hoon, 10/08/15)

CSS
CSS’ board has approved an interim dividend of Bt0.1/share, XD on Aug 21, PD on Sep 7. It reported 2Q15 earnings of Bt68mn (+44.92%YoY). 1H15 net profit was Bt131mn (96% growth). (Khao Hoon, 10/08/15)

EMC
EMC plans to hold presales for Landmark Mahachai on Aug 8. It is confident it will sell 50% of the commercial building. It expects to complete the sale of this project this year. (Khao Hoon, 10/08/15)

FORTH
FORTH expects 2Q15 net profit to be good backed by subsidiary FSMART, which reported 2Q15 net profit of Bt66.63mn (+97%). It expects 2015 net profit to mark a record high. (Khao Hoon, 10/08/15)
Comment: And the machine that is FSMART continues to grow.

GENCO
GENCO plans to invest more in waste and solar plants after it completes its investments in Japan and Laos. It plans for power to become its core business within two years. It expects 2015 net profit to be its highest on a boost from property, revenue from which is expected to be booked in 3Q15-4Q15. It plans to open new projects valued at Bt1bn. (Thun Hoon, 10/08/15)

HMPRO
HMPRO plans campaign “Bed for Mom” to will be held from today to Aug 30. It expects this campaign to drive sales in 2H15. (Khao Hoon, 10/08/15)

IVL
IVL reported 2Q15 net profit of Bt5.2bn (+252%YoY). It expects production of 8mn tons this year. (Khao Hoon, 10/08/15)
Comment: Still unimpressive given that its mainly an inventory gain turnaround.

ITD
ITD targets 2015 revenue of Bt90bn on backlog of Bt300bn. It plans to bid for some of the Bt1trn in projects up for bid in 2H15. It expects 2016 revenue to be higher than Bt100bn. (Khao Hoon, 10/08/15)
Comment: The only question for ITD, is who/what/where/why/when for Dawei

MDX
MDX and a partner plan to invest in a hydropower plant in Myanmar which is expected to be concluded soon. 2Q15 is expected to be positive backed by transfers. It expects to sell 80 rai of land for Bt240mn soon. (Thun Hoon, 10/08/15)
Comment: Hmmm, never trusted this company.

NBC
2Q15 revenue grew 50%YoY; this brought 2Q15 net profit up above Bt10mn. It is confident 2H15 performance will be better than 1H15 aided by a new program on Channel 9 and a marketing event. (BangkokBiznews, 10/08/15)

NCL
NCL is talking to a prospective partner in Indonesia to open a new international route. It expects this to contribute Bt100mn/year in revenue. It targets 2015 revenue of Bt1bn (30% growth from last year). It expects 2Q15 earnings to be good. It plans to expand abroad. (Thun Hoon, 10/08/15)

PSTC
PSTC plans to buy a biomass power plant; it expects the deal to be concluded in 3Q15. It expects to show a net profit this year. It targets 2015 revenue growth of 15-20% from 2014’s Bt448mn. (Thun Hoon, 10/08/15)

PTTGC
2Q15 earnings grew 45%YoY aided by stock gain and refinery products. (Thun Hoon, 10/08/15)

QH
QH targets 2015 revenue of Bt22bn after it achieving Bt10bn in the first seven months of this year. Its backlog is Bt10bn, which of Bt4-5bn is expected to be booked this year. It is talking to SPCG to set up solar cells in its projects. (Khao Hoon, 10/08/15)
Comment: Solar rooftops on everyone’s homes should be a no-brainer and with solar prices continuing to decline, the economics just make sense.

SCN
SCN plans to expand via purchases of filling stations. It will buy two more filling stations, which it expects to finalize in 3Q15. It expects this to contribute revenue in 4Q15. (Khao Hoon, 10/08/15)

SGP
SGP reported 2Q15 net profit of Bt403mn, benefitting from increasing sales and decreasing cost. 1H15 profit came to Bt403.35mn. Its board has approved an interim dividend of Bt0.2/share. (Khao Hoon, 10/08/15)

SMART
SMART plans to expand to CLMV, beginning with Laos PDR. It is looking for a partner to invest in R&D in high value products. 2Q15 net losses of Bt3.87mn were caused by a slowdown in construction. (Khao Hoon, 10/08/15)

SPCG
SPCG expects 2015 revenue of Bt5bn with a new high for net profit. It plans to reach 500MW in five years, 100MW next year. It expects power plant investment plan in Japan to be concluded in 3Q15. It expects 2Q15 earnings to grow 40%. (Khao Hoon, 10/08/15)
Comment: SPCG benefits from the continuation of recognising all of its 268MW that were online last year and YoY numbers will look amazing. Now for the next 8 years they’ll be generating a tonne of cashflow from their existing projects but then earnings will fall off a cliff, granted they’ll have a wonderful amount of $ of the balance sheet thus we do wonder how K. Wandee will re-invest all of this.

TFD
TFD says Chinese investors are interested becoming business partners to invest in a waste power plant. It is talking to a prospective partner to invest in solar plant. Management says it plans to introduce “The Harbour Residence” which is expected to contribute Bt400-500mn in sales as this condominium has a good location. (Thun Hoon, 10/08/15)

THAI
More countries requesting audit – THAI president Charamporn Jotikasthira says several foreign aviation regulators have contacted Thai Airways International (THAI) requesting an audit. They include the Indonesia aviation regulator, which has notified the airline that will come for inspection this month. He also reports that the airline failed to reduce costs as part of its rehabilitation plan. It aimed to cut costs by 20% over the past six months, but only managed to reduce expenses by 6%. (Bangkok Post, 10/08/15)

THCOM
THCOM expects 2Q15 earnings of Bt503mn backed by increasing revenue from service and a Bt225mn extra gain from selling Synertone shares. 1H15 net profit is expected to grow 16.3% to Bt1.04bn. (Khao Hoon, 10/08/15)