AJD
AJD reported 9M15 net profit of Bt25.64mn (+1,007%). It expects continued growth in 4Q15. (Khao Hoon, 19/11/15)
Comment: While he may wear the funkiest sunglasses in all of his advertisements, the company hasn’t proven itself in terms of a consistent financial performance

AOT
AOT expects FY2016 earnings to be good on opening Terminal 2 at Don Muang. This will increase passengers by 20% and revenue by Bt1.2bn. It expects APPS (Advance Passenger Processing System), to start up on Dec 1, to increase its revenue. (Khao Hoon, 19/11/15)
Comment: Without a doubt still one of the biggest winners in this country. Don Muang’s numbers should still continue to grow and grow and grow.

APCS
APCS expects 2015 performance to turn around after implementing cost control, adding o its customer base and launching new products. 9M15 revenue was Bt637.13mn with Bt5.22mn in net profit. (Thun Hoon, 19/11/15)

DRT
DRT plans to expand to Myanmar which it expects will increase its revenue growth. It plans to talk to a prospective partner in December. It targets 2016 revenue growth of 5%. 9M15 net profit was Bt272mn. It expects 2015 revenue to be close to last year’s Bt4.25bn. (Thun Hoon, 19/11/15)
Comment: A nice story but a small impact, if one were an active investor they should take over management and drive this business properly

EPG
EPG expects FY2016 to grow 25-30% with net profit doubling from FY2015 after 1HFY16 net profit already surpassed FY2015’s. It targets revenue growth of 20% for next two years. It expects EPG stock to be included in SET100 after it has resolved the free float snag. (Khao Hoon, 19/11/15)
Comment: And that explains the stock price performance this past month, I’ve personally had difficulties wondering how to value this business as its a bit of a black box, what is the true value of a patent?

KC
KC reported 3Q15 net profit of Bt6.56mn after restructuring. It expects 4Q15 earnings to be good backed by Bt250mn backlog. (Thun Hoon, 19/11/15)

L&E
L&E expects Bt630-720mn backlog will be booked in 4Q15. It expects 2015 revenue to grow 5-10%, missing its target of 15-20% because of restructuring and delayed public projects. (Khao Hoon, 19/11/15)

MCS
MCS expects to get large orders which will raise 2015 net profit to a four-year high. 9M15 net profit was Bt451mn, up strongly from a loss last year. It reported 3Q15 net profit of Bt106mn growing strongly from 3Q14’s net loss of Bt7.45mn. It expects 4Q15 earnings to be good on the back of new orders and backlog. (Thun Hoon, 19/11/15)
Comment: This company will be perfectly fine for the next 4 years.

NWR
NWR expects 4Q15 earnings to be good backed by transfers. It expects to sign a contract for tunnel and port construction, valued at Bt1bn. It expects to get Bt600mn compensation next year. (Khao Hoon, 19/11/15)
Comment: The thb 600 mn should boost EPS and perhaps get retail punters interested but the key driver for NWR still revolves around government projects more than anything else.

PYLON
PYLON expects 4Q15 earnings to be good brought by booking Bt280-300mn of its Bt800mn backlog in 4Q15. It expects 2015 earnings to reach a new high. (Khao Hoon, 19/11/15)
Comment: They stated that 3Q will be the bottom for the year and that next year margins for them as well as perhaps the entire industry should rise on the back of more construction projects in Thailand

STEC
STEC plans to take part in bidding for two dual tracks projects which will be put up for bid in Nov and Dec. It plans to bid for the MRT Orange Line at the beginning of next year, and hopes to get 20-25%. Management says it has already bid for Bt5bn in projects on which a winner is expected to be announced this year. Its backlog is Bt50bn which can cover revenue for the next three years. (Thun Hoon, 19/11/15)
Comment: Balance sheet wise it is the cleanest construction company in the big 4

SUPER
SUPER says its 300MW solar farm is finished and is ready to start up; progress on another 201MW has reached 70-90%. It expects 472.05MW to operate by Nov-Dec. It expects 501MW in total to operate this year. It targets 1,000MW to operate next year. (Khao Hoon, 19/11/15)

SYNEX
SYNEX expects 2015 revenue to be higher than Bt21bn on numerous orders. It plans to expand abroad and will ask the board for approval by the end of November. It plans to list its subsidiary Prism Solution soon. (Thun Hoon, 19/11/15)
Comment: We do wonder how this company will turnaround..it does have the logistics, the capacity and the network but what products can help them achieve their goals?

TRT
TRT says its backlog is Bt2bn. It plans to bid for Bt10bn in jobs, expecting to get Bt2-2.5bn. It expects this to increase 2016 revenue growth by 20% from this year’s target of Bt2.2bn. (Khao Hoon, 19/11/15)
Comment: If you like TRT perhaps you should turn your eyes toward QTC instead.

UREKA
UREKA expects 4Q15 earnings to be good backed by orders from the auto and agricultural sectors. Its backlog is Bt160mn, of which 80% is expected to be booked by this year. It plans to take part in Bt120mn in bids, expecting to be awarded 50%. It expects 2016 earnings to turn around. (Thun Hoon, 19/11/15)

WICE
WICE expects 2015 revenue to grow 5-10% from 2014’s Bt670.2mn. It reported 3Q15 net profit of Bt12.36mn (-32.54%) hit by a lower gross margin for airfreight. (Khao Hoon, 19/11/15)