AIT
AIT sets 2016 revenue target growth at 10% from Bt5.1bn in 2015 supported by its backlog of more than Bt3bn and government projects. It plans to start a data center project within 2Q16. (Kao Hoon, 25/03/16)

APCO
APCO sets 2016 sales target at Bt450 or growth of at least 10% and maintain gross margin at no less than 85%. It will focus on the domestic market. In 1Q16 it had a good response and Direct Service is ready to send Operation BIM to drugstores. It plans to pay a dividend of 100% of net profit. (Thun Hoon, 25/03/16)
Comment: We said back in 2014 that this company was trading at ridiculous valuations and even though the price is off by some 40%, I still think it’s incredibly expensive.

AS
AS sets 2016 revenue target growth at 30%, supported by launch of 24 new games and adding games on mobile to reach 30% of all revenue. It expects 2016 earnings will turn around. (Thun Hoon, 25/03/16)
Comment: I do wonder if they can actually do it…we’ve been waiting for a number of years and perhaps its finally time.

BJC
BJC is leading the pack. After it acquires BIGC it will be the biggest retailer in ASEAN. It targets 2016 revenue growth at 10% supported by sales from abroad. It has budgeted Bt4.5bn to expand capacity both inside and outside Thailand. It is confident that its tender offer will proceed as planned. (Thun Hoon, 25/03/16)
Comment: They own retail in Thailand, they have metro in Vietnam, so I fully expect to see expansions into Laos and Cambodia.

CCN
CCN expects to get big projects worth Bt200mn and expects to sign contracts in April. It is confident that 2016 earnings will grow 20%. It expects revenue in 2016 will be a new high thanks to the buildup of the 4G network. It plans to increase 4G network to reach 50% from 5% in 2015. (Thun Hoon, 25/03/16)

CPF
CPF sets target to plant 500 rai of Napier grass in 2016 and expects revenue of Bt40mn. It plans to expand its 3,000 rai planting project. (Kao Hoon, 25/03/16)

FER
FER board approved budget of Bt77mn to buy back 60% of Prasaeng Green Power stock. It plans to expand its business to biomass power plant capacity of 2MW. It expects return on investment of no less than 15%. It will COD in April. (Kao Hoon, 25/03/16)
Comment: Hmmmmmm, so that’s the shift in business model?

HPT
HPT sets 2016 revenue target growth at 15-25%. It expects to increase capacity 20% in 2Q16. In 2016, It has set an investment budget of Bt35mn to expand its business throughout Asia. (Kao Hoon, 25/03/16)

KBANK
KBANK expects 2016 loan growth to achieve target, both corporate and SME loans. It plans to cooperate with KPN Music to support customers who are interested in franchising KPN music centers. It targets loans of Bt700mn. (Thun Hoon, 25/03/16)

MAJOR
MAJOR targets 2016 revenue to grow 10%. It expects 1Q16 earnings to grow 10% from movies. It is talking to AEONTS Mall to invest its second theatre in Cambodia with a Bt200mn budget, expected to complete in 2018. (Khao Hoon, 25/03/16)
Comment: I’ve said it again and again, they dominate Thailand, they’ll dominate Cambodia, they’ll dominate Laos and if they play their cards right they could do well in Myanmar too.

RATCH
RATCH expects 1Q16 earnings to be higher than last year because of Bt100mn from the sale of electricity. It expects 2016 earnings to be better than 2015 thanks to full operations of Hongsa power plant. It is talking to prospective Chinese partner to invest in a 2,360MW nuclear power plant. (Khao Hoon, 25/03/16)

SCI
SCI expects to sign the contract for electricity improvement phase 2 in Laos, valued at Bt2.2bn, in April. Its backlog is Bt1.1bn. It expects to get 1,000 4G tower projects, valued at Bt500mn. It targets 2016 revenue of Bt2.8bn. (Khao Hoon, 25/03/16)
Comment: I’ve read that this is an incredibly under valued name but haven’t done much work on it yet.

SCP
SCP expects 2016 revenue to grow 5% if the dual-track projects move as planned. It plans to focus on high margin orders. It expects gross margin to stay at 29-30%. It expects the government to use section 44 to invest in the southern rail route. (Thun Hoon, 25/03/16)
Comment: If you go through their #’s you’ll be positively surprised by their cash portion.

SIRI
SIRI targets 2016 low rise presales of Bt14bn (30% growth). It plans to launch ten projects, valued at Bt15bn. It expects the low rise market to be good in 1H16 thanks to the stimulus measures. (Thun Hoon, 25/03/16)

TPBI
TPBI’s first day of trading was good: its share price rose 29.63% to close at Bt14.3. It targets 2016 revenue of Bt4.8bn. It expects to complete buying one company this year. (Khao Hoon, 25/03/16)