ASEFA

ASEFA expects 2H18 results to be better HoH supported by high season, but it admits that 2018 earnings growth will come in below target of 15%. Current backlog is Bt2.06bn and 60% of backlog is expected to be booked as revenue this year. It plans to bid for projects with total value of Bt3bn. (Kao Hoon, 5/9/18)

ASIMAR

ASIMAR expects 2H18 results to be good. Current backlog is Bt200mn. It was awarded a contract in the Suvarnabhumi airport second phase expansion worth Bt35mn. It is waiting for the decision on many private and public bids. (Kao Hoon, 5/9/18)

CHEWA

CHEWA will issue debentures worth Bt1.2bn with two years term, offered to local institutions and high-net-worth investors. It expects revenue to reach Bt2.4bn this year, +20%YoY. Current backlog is Bt800mn.  (Kao Hoon, 5/9/18)

EKH

EKH has raised its 2018 growth target to 15% from 10%, supported by an increase in inpatients and outpatients. It expects 2H18 results to be outstanding, supported by high season. IVF (in vitro fertilization) clients are growing, and it now plans to open a new IVF clinic in Rama 9 district in November. (Kao Hoon, 5/9/18)

EPCO

EPCO expects good 2H18 results. It expects 3Q18 earnings of Bt149mn, close to 1Q18 earnings. It expects earnings to be a record high because it will book earnings from two combined heat power plants with total capacity of 360MW this year. It will start commercial operation of 11.68MW Kurihara power plant in September. (Kao Hoon, 5/9/18)

EPG

EPG subsidiary Aeroklas is looking at a JV in Africa to sell products in Europe and Africa. The decision is expected this year. It plans to have subsidiary TJM list on the SET. It targets revenue growth of 10-15% this year. (Kao Hoon, 5/9/18)

HUMAN

HUMAN expects to close a JV deal with local and foreign IT companies in 3Q18. It expects to complete a contract to provide HR service at the end of this year. It expects 2H18 revenue to be better HoH and it targets revenue and earnings growth of 20% this year. (Kao Hoon, 5/9/18)

KCM

KCM has entered the real estate business. It plans to launch a townhome project worth Bt20mn at the end of this year. Management says its main business, a custom-made steel manufacturer, continues stable. It expects 4Q18 and 1Q19 sales volume to rise sharply. It targets sales to reach Bt400mn this year. (Thun Hoon, 5/9/18)

ORI

ORI is working with food professionals to set up a food subsidiary with a budget of Bt100mn. It will start to book recurring income from hotel and apartment services in 4Q18. It plans to launch five property projects in 2H18 with total value of Bt27bn. It targets revenue to reach Bt15-16bn this year. (Thun Hoon, 5/9/18)

PSL

PSL expects 2018 results to be better YoY supported by rising freight rate and high season for transport. It has revised ship lease agreements and controlled costs to lift earnings. (Thun Hoon, 5/9/18)

SPVI

SPVI expects 2H18 sales to rise, supported by high season for communications equipment. It expects earnings from educational institutions to grow by 15%. This year, it plans to target office customers. It plans to add 1-2 U-stores this year. It expects 2018 sales to grow 5-10% this year. (Thun Hoon, 5/9/18)

TPLAS

TPLAS, creating food packaging under the Chess brand, expects to use its IPO proceeds to set up a factory and purchase machines and equipment to increase its production capacity. (Thun Hoon, 5/9/18)