AOT

AOT will start the bidding for improvement and management of commercial area. It expects 2018 passengers to grow by at least 5% and for revenue to grow by 10%. The board has already approved a 5-year retroactive land payment to the Treasury Department of no more than Bt1.4bn and a 2018 payment of Bt900mn. (Thun Hoon, 21/9/17)

BAY

BAY targets 3-year housing loans (2015-2017) to reach Bt174bn. It expects the real estate market to enter a normal stage of slowing growth for the rest of the year, picking up again next year with more demand for duplex and town houses. (Khao Hoon, 21/9/17)

CHO

CHO says 2H17 is showing steady growth. It has a lot of projects coming in during high season. It has backlog of Bt1bn, of which Bt700mn will be booked in 2H17. It has received a Bt168mn project for catering vehicles for THAI, which will support 2017 revenue. (Khao Hoon, 21/9/17)

NOK

NOK’s board approved the rights offering. It expects to get Bt1.7bn to use in business recovery that will increase revenue and decrease costs. It plans to obtain new airplanes and expand routes both domestic and overseas. It will open five new routes to secondary cities in China at the end of September. It also believes cabin factor will grow to 80% as targeted. (Thun Hoon, 21/9/17)

NWR

NWR expects to get Bt10bn in new projects by the end of this year. 1H17 revenue reached Bt4.3bn and it is going to join the bidding for new projects worth Bt58.5bn, of which it expects to win 10%. It also plans to bid for CLMV projects worth Bt4-5bn and list subsidiary Mana Pattana. (Thun Hoon, 21/9/17)

PPS

PPS expects 2H17 revenue to grow after it received public sector projects in 4Q17 and has backlog of Bt498mn, of which Bt126mn will be booked this year. It expects 2017 revenue to grow by 20%. It also says the board has already approved setting up a new subsidiary for new business. (Khao Hoon, 21/9/17)

SENA

SENA believes 3Q17 revenue will be better than 3Q16’s as revenue from a number of projects will be booked this year. It expects 2017 revenue will reach the target of Bt4.5bn. It says demand has increased continuously and it plans to launch more projects worth Bt5bn from the earlier plan of Bt4bn. It is also in the process of developing a project in Chonburi to expand its business to upcountry. (Thun Hoon, 21/9/17)

TCMC

TCMC is budgeting Bt3bn to acquire a carpet business in Hong Kong and it expects to book revenue immediately, which will boost 4Q17 revenue. It believes 2017 revenue will be at least Bt7.4bn. It has received orders from Hong Kong airport worth US$2.2mn, which will be gradually booked as revenue. It says that it plans to IPO two subsidiaries on the London stock market. (Thun Hoon, 21/9/17)

THAI

THAI believes outlook is good for 2H17 and will bring FY2017 revenue to reach target. It forecasts ticket revenue of Bt150bn with total revenue of Bt190bn. It also expects cabin factor to reach 80% as markets in Japan and Europe are robust. (Thun Hoon, 21/9/17)

TPIPP

TPIPP hastens to invest overseas using cash in hand of Bt6.8bn. It plans to finalize an electricity power plant in ASEAN this year with production capacity of at least 50MW, which will increase revenue next year. It expects good 4Q17 results after booking revenue from electricity production of 290 MW. (Thun Hoon, 21/9/17)

WORK

WORK shareholders Panya and Prapas sold a big lot of shares for Bt81/share, accounting for 3.8% of total shares, for Bt1.296bn. It says this will not affect management structure. (Thun Hoon, 21/9/17)