AIT
AIT reported 3Q15 net profit of Bt148.84mn (+69.17%). Its 9-month net profit is Bt416.68mn. It expects to finish projects to reach target. (Thun Hoon, 16/11/15)
Comment: Astounding numbers from AIT, although given that Thailand’s government spending in this sector has been a bit slow last year it isn’t a surprise to see a decent recovery

AZAY
AZAY reported 9-month performance of 7% growth YoY. It expects to use digital system to increase sale efficiency. (Khao Hoon, 16/11/15)

BSM
BSM reported 3Q15 net profit of Bt7mn (+20%) YoY after an increase in sales. (Thun Hoon, 16/11/15)
Comment: I’ve always liked this company but never found the valuation to be attractive…

CHO
CHO is likely to not get its main expected NGV bus project since the project is expected to be canceled. (Khao Hoon, 16/11/15)
Comment: Quite the surprise for the CEO, he seemed rather adamant that he was going to be able to successfully win.

CM
CM reported 3Q15 net profit of Bt59.63mn (+135.59%). It expects to expand its business abroad. (Thun Hoon, 16/11/15)

EFORL
EFORL expects fiscal year revenue reach Bt4.5bn with a profit of Bt240mn. It expects to list Wuttisak on the SET next year. (Khao Hoon, 16/11/15)
Comment: UNLEASH THE RETAIL!

EPCO
EPCO reported 3Q15 net profit of Bt50.13mn (+61%). It expects to increase sales from solar farm projects. (Thun Hoon, 16/11/15)

GUNKUL
GUNKUL reported 3Q15 net profit of Bt331.19mn (+114.20%). It plans to expand into alternative energy abroad. It expects this year’s revenue to grow 50%. (Thun Hoon, 16/11/15)
Comment: A perfect example of how to utilise the capital markets and grow and grow and grow.

IRPC
IRPC expects this year’s profit to reach Bt10bn. It plans to open Everest project next year. (Khao Hoon, 16/11/15)

MALEE
MALEE expects this year’s revenue to grow 10% on high demand. It also plans to expand to Indonesia. (Thun Hoon, 16/11/15)
Comment: We do wonder first, how successful will they be in the Philippines. Their JV partner does appear to have a solid track record and MALEE does have more than enough to capacity to cover Thailand, the Philippines, but not Indonesia (unless the Philippines flops)

MC
MC reported 3Q15 profit of Bt113mn (-17%). Its 9-month profit slipped 7% while 3Q15 revenue increased 7%. (Thun Hoon, 16/11/15)
Comment: I still don’t care for this company, do note that I respect the CEO and owner tremendously, she has built a wonderful business but it’s expansion into multi brands and multi products are not going to yield anything wonderful for a long long long long time, if at all.

NCL
NCL expects 4Q15 to have profit after cancelling Rayong-Yangoon transportation line. It expects to grow revenue 20% next year from new business and expand market share. (Thun Hoon, 16/11/15)

PLAT
PLAT expects next year’s profit to reach Bt1bn which is higher than this year’s expectation of Bt600-700mn backed by peak tourism season and a project in Samui. (Khao Hoon, 16/11/15)

PS
PS expects this year’s net profit to reach Bt47bn with backlog of Bt35.40bn. (Thun Hoon, 16/11/15)

PSTC
PSTC gets solar farm project from government worth Bt400mn. Its 3Q15 revenue gave it a profit after the six-month loss of Bt11.35mn. (Thun Hoon, 16/11/15)

PYLON
PYLON interests a Singaporean fund in recognition of its good financial performance. Its backlog has increased Bt700mn. (Thun Hoon, 16/11/15)

SCI
SCI to benefit from 4G project. Its backlog is around Bt644mn and is waiting for results of an auction for jobs worth Bt1.15bn. Its 9-month revenue was Bt1.60bn. (Khao Hoon, 16/11/15)