AJP
AJP will change its name to DCORP and plans to invest in the power business. It plans to go to China to study a project that it wants to operate in Thailand. (Khao Hoon, 06/08/15)

ANAN
ANAN plans to launch seven condominiums valued at Bt20.3bn in 2H15. 1H15 presales reached Bt12.5bn (+227%). It is confident 2015 revenue will hit target of Bt11.4bn. (Khao Hoon, 06/08/15)
Comment: And the margin expansion continues for this property developer.

BCP
BCP reported 2Q15 earnings of Bt2.8bn, benefitting from a better refinery margin and power business. (Khao Hoon, 06/08/15)

BOL
BOL plans to expand data base service abroad by doing a JV with a local company and/or acquisition. It expects revenue to be good for over two years backed by investing in data base expansion. (Thun Hoon, 06/08/15)
Comment: BOL has always been a steady earner over the years, but like every other little name appears to be fairy/overvalued today

CHO
CHO expects 2H15 earnings to be good backed by a Bt870mn in transfers. It targets 2015 revenue growth of 15%. (Khao Hoon, 06/08/15)

CSL
CSL plans to invest in IT and software. It is looking for a partner after partnering a Malaysian company. It expects 2015 revenue to grow 5% with positive net profit. It is budgeting Bt100mn for IT equipment maintenance. (Thun Hoon, 06/08/15)
Comment: In theory CSL and LOXELY should be big beneficiaries of this digital economy expansion

CSS
CSS expects 2015 revenue of Bt5bn backed by a Bt1.6bn backlog and transfers of telecom towers to TRUE and DTAC. It plans to invest in a 10-20MW solar farm. (Khao Hoon, 06/08/15)

EVER
EVER plans to launch three SDH and condominium projects valued at Bt7bn. These will contribute revenue in 4Q15. It plans for presales of a new SDH project, “My Home Silver Lake”, worth Bt750mn soon. (Khao Hoon, 06/08/15)

GENCO
GENCO plans to use Bt2.3bn cash from capital increase via PP to invest in property and alternative energy business and debt repayment. (Khao Hoon, 06/08/15)

KCE
KCE speeding up startup of fourth new plant which will raise capacity by 3X-4X in as it gets a large amount of orders, especially from clients in Europe. (Thun Hoon, 06/08/15)
Comment: 3x-4x of that specific plant’s capacity yes, not the total.

MPIC
MPIC reported 2Q15 net loss of Bt20.74mn which is lower than 2Q14’s Bt25.59mn. It plans to do a JV for distribution of films in Laos. (Khao Hoon, 06/08/15)

PAP
PAP plans to broaden its customer base into Vietnam and Malaysia after entering Laos and Myanmar. It expects 2H15 performance to be good and will achieve 15-20% revenue growth in 2015. (Thun Hoon, 06/08/15)

PF
PF has signed a contract with Starwood Hotels & Resorts Worldwide and NZ Ski to manage and improve services at Kiroro Resort at Hokkaido, expected to open by the end of this year. (Khao Hoon, 06/08/15)

PREB
PREB expects 2H15 earnings to be good aided by construction and property business. It is confident 2015 revenue will hit target of Bt6.7bn as construction is trending up. It plans to list subsidiary Built Land next year. (Thun Hoon, 06/08/15)

PYLON
PYLON will move to trade on the main board today. Management says moving to the main board will attract more investors, especially local and foreign institutional funds. It targets 2015 revenue to grow 15% from 2014’s Bt1.3bn. (Khao Hoon, 06/08/15)
Comment: We wonder aloud if PYLON will raise capital to big for the larger projects that hsould be coming.

S
S is interested in bidding for a project by the SRT, “Market Sounding” which is a Bt68bn plan to develop three zones in Bang Sue. It expects Zone A to be put up for bid next year. (Khao Hoon, 06/08/15)

SMT
SMT expects 2H15 performance to turn around backed by large orders and the baht depreciation. Management says it targets 10% revenue growth this year from 2014’s Bt8.9bn. It plans to wipe out retained losses and pay a dividend soon. It has budgeted Bt200mn to invest in new machinery. (Thun Hoon, 06/08/15)

SUPER
SUPER targets electricity capacity of 2,000MW by 2017. It is looking to invest in Japan, Laos, and France. It expects to add more 131MW more (startup in August) and targets 500MW this year. It plans to wipe out retained losses of Bt700mn next year. (Khao Hoon, 06/08/15)

TAKUNI
TAKUNI expects to sign an MoU to buy an 8MW biomass power plant this year. It expects a 55% stake in this deal. It expects 2015 net profit to grow 100% with Bt1.2bn in revenue, close to last year’s. (Thun Hoon, 06/08/15)

THANI
THANI expects 3Q15 earnings to be good supported by auto loans. Management is confident 2015 revenue will reach its target growth of 20% with loan portfolio of Bt30bn, aided by bad debt management. NPLs are 4% and It expects 2015 NPLs will not go over 5%. (Thun Hoon, 06/08/15)
Comment: We think that the truck industry is doing far worse than the news and will remain to be the case until there is significant spending…which again won’t happen until the infrastructure projects take off.

VNG
VNG is not worried if the ERC postpones the PPA. It plans to do an acquisition to increase its competitiveness. 2Q15 net profit is expected to be healthy backed by the baht depreciation. It is confident 2015 revenue will achieve 20% target growth. (Thun Hoon, 06/08/15)