AP
AP expects to achieve 1H15 sales target of Bt14.2bn. It plans to launch six new projects and fifteen old projects near BTS. It will hold an event, “AP Space Connect”, to raise sales from Bt7.81bn. (Khao Hoon, 16/06/15)
Comment: It’s partnership with the Japanese are bearing fruit in terms of sales and an improvement in design

BBL
BBL plans to open a new branch in Phnom Penh to complete its CLMV network. BBL is inviting local companies to invest in Cambodia as another channel for market expansion. (ASTV, 16/06/15)
Comment: Interesting that this dinosaur bank continues to expand throughout the region whilst the rest (KBANK, SCB) are slow to do so.

CITY
CITY expects a drop in profit in 3Q15 to Bt29mn (-40%) because of the economic slowdown. It has changed its dividend policy to a payout of 40% of net profit. (Khao Hoon, 16/06/15)

CCP
CCP is confident it will achieve 10% revenue growth this year with Bt2.3bn backlog aided by government project investment. (Thun Hoon, 16/06/15)

CEI
CEI has budgeted Bt75mn to take stake in two companies, 40% in one and Bt50mn in another company for a stake of 100%. It expects to sign a contract for an 8MW power plant soon. (Thun Hoon, 16/06/15)

CWT
CWT expects to get the license for its first waste power plant in June-August. It is confident it will get a PPA for 18MW. It targets 40MW from four waste power plants. It targets 2015 revenue of Bt1.2bn. (Khao Hoon, 16/06/15)

DELTA
DELTA expects 2H15 sales to surge on seasonality. It is gaining advantage from the depreciation of the baht. It believes it will be able to pay a steady dividend. (Khao Hoon, 16/06/15)

DTAC
DTAC says it expects 2Q15 profit to shrink 43% to Bt1.7bn from a drop in service fees and increase in expenses. It expects its performance to recover in 3Q15. (Khao Hoon, 16/06/15)
Comment: Quite the drop for DTAC, well that’s what happens when you decide to pull out all of profits to pay for myanmar and india and not invest in a network in Thailand

EFORL
EFORL targets 2015 revenue of Bt4bn backed by booking revenue from Wuttisak. Siam Snail plans to introduce a new product this month. Wuttisak plans to expand to Indonesia, India and the Philippines. (Khao Hoon, 16/06/15)
Comment: We have our doubts whenever we hear a thai co is going to expand regionally, not that we don’t love the idea, but the execution and impact on existing numbers will be small to nothing for at least a decade.

FVC
FVC plans to launch a new project which it expects to generate revenue of Bt40-50mn. The deal regarding a hemodialysis center is expected to be concluded soon. 2H15 profit is expected to be better than 1Q15 with 18-20% target growth. (Khao Hoon, 16/06/15)

KTC
KTC plans to increase loans and credit cards to boost its customer base of 380,000. It believes it can control NPLs. Growth in the first five months hit its target. (Khao Hoon, 16/06/15)
Comment: Still a great consumer finance play.

MILL
MILL expects 2015 revenue of Bt15bn. It plans to wipe out retained losses of Bt500mn this year. The deal regarding allocating Millcon Special Steel shares with Kobe is expected to be finished soon. It expects to receive Bt800mn compensation from TSSI this year. (Khao Hoon, 16/06/15)

MONO
MONO has restructured its organization after a drop in ad revenue. It expects a net loss in 2Q15 and a turnaround at the end of year. It has adjusted the programming of MONO29 with a new focus on sports. (Khao Hoon, 16/06/15)
Comment: Surprised? Mono bet the bank through buying movies to boost its numbers in 4Q14 where the bigger players were more conservative, and now with RS, BEC, WORK, GRAMMY pushing out popular drama shows expect for MONO to whither away.

SCN
SCN has budgeted Bt120mn to take over B.P.A Intertrade, a NGV gas station provider. It plans to invest in one more booster station with capacity 100 tons/day. (Khao Hoon, 16/06/15)

SIRI
SIRI expects 2Q15 earnings to be good, backed by transfers of 1,700 units in three condominiums. Its backlog is Bt37bn, of which it expects to book Bt20bn this year. (Khao Hoon, 16/06/15)

TGPRO
TGPRO plans to focus on the energy business and expects to sell 20MW electricity soon. 2Q15 profit is expected to be good, backed by high season. It expects 30% sales growth in 2015-2016, benefitting from government project investment. (Thun Hoon, 16/06/15)

TMI
TMI targets growing market share from 2-3% to 5% aided by government policy. It plans to expand abroad. (ASTV, 16/06/15)

VTE
VTE shareholders approved investing in a solar power plant in Myanmar, expecting to get PPA in June and startup in 2019. Management is confident 2015 performance will turn around, backed by coal mining in Indonesia. (Thun Hoon, 16/06/15)

WORLD
WORLD plans to invest Bt720mn in “The Emerald Terrace” in Patong, Phuket. It expects to recognize revenue from this project in July. It plans to launch the second phase after it has booked Bt300-400mn from the first phase. It is dealing to buy two property projects in Phuket which it expects to conclude soon. (ASTV, 16/06/15)