ATP30
ATP30 expects 2Q17 earnings to be better than 1Q17 as it will book revenue from major clients. It is talking with 2-3 clients in an IE in the northeast and expects to benefit from EEC. Revenue growth in 2017 is expected to hit target of 15%. It is budgeting Bt120mn to buy 30 new vehicles. (Thun Hoon, 6/6/17)

BANPU
BANPU is budgeting Bt1.3bn to expand its alternative energy investment and expects deals to be concluded next year. It also plans to upscale its power business. (Thun Hoon, 6/6/17)

BEAUTY
BEAUTY expects robust earnings in 2Q17 due to high demand. 2017 revenue is expected to grow 20% from last year’s Bt2.55bn as a result of a wider customer base. It plans to expand abroad with a new branch in the Philippines. (Thun Hoon, 6/6/17)
Comment: Revenue and bottom line are going to be continually decreasing over time.

BTS
BTS is confident in its continued growth with Bt5bn growth in its fare revenue this year from the North and South Green lines. This will also increase advertisement space. The company also targets the launch of 25 new real estate projects in the next five years. (Thun Hoon, 6/6/17)
Comment: And it has been a good JV with SIRI thus far on every project, we think that they’ve been able to increase the value of their property projects by at least 40% as a result of this.

COMAN
COMAN expects substantial growth in 2H17 brought by Bt30mn revenue recognition from Synager. It expects 2017 revenue to grow 20% from last year’s Bt133mn. It is investing in a software company in order to boost exports. (Thun Hoon, 6/6/17)
Comment: Its Synature …

ESSO
ESSO is budgeting Bt1.5bn/year for oil station renovations, beginning with 3-5 stations this year. It expects to complete its renovation of 540 stations within three years. It also plans to substitute underground oil tanks to facilitate station expansion. It aims 2017 sales growth of 35% which will boost its market share by 13% and make it second in the market. (Thun Hoon, 6/6/17)

FANCY
FANCY expects a net profit in 2Q17 backed by substantial orders from China as well as advance orders that will support its April-May sales. It plans to buy new machines and plans to expand to Europe. It aims for its property business to contribute Bt200-300mn from transfers. It expects 2017 revenue to grow over 46% to Bt1bn. (Thun Hoon, 6/6/17)

IRPC
IRPC expects robust earnings in 2H17 on the back of full utilization rate of refinery plants, uptrending oil price and recovering petrochemical product prices that will give it a higher EBITDA than 2016. It plans to ask board approval to invest in the “Beyond Everest” project valued at US$1.2bn in 3Q17. (Thun Hoon, 6/6/17)

JMART
JMART expects 2Q17 performance to outperform, backed by all business units plus a turnaround in SINGER’s performance. It expects 2017 revenue to grow not less than 30%. (Thun Hoon, 6/6/17)
Comment: As well as JMT

MEGA
MEGA targets revenue and profit growth of 5-10% with 5-10 new projects to be launched. The company is also expanding overseas with the aim to increase proportion from overseas sales to 80%. It is also looking to make acquisitions in the Philippines and Indonesia. (Thun Hoon, 6/6/17)
Comment: The news of potential acquisitions have driven this name to higher levels.

NNCL
NNCL targets 2016 revenue growth of 15-20% after it changed to a focus on the utilities business. It plans to do its own water management and is looking for a water source. It expects this to boost its margin. It expects 60MW power plant phase 2 to operate soon with EIA approval. It sees a positive outlook for land sales from foreigners interested in buying land for plants. (Thun Hoon, 6/6/17)

NOK
NOK will hold another board meeting on June 15 to discuss a second round of equity increase via Private Placement after the first round failed to sell all 114mn shares. New partners from China and Singapore are rumored to be interested. (Thun Hoon, 6/6/17)
Comment: Rumours have it that the Chinese will take a stake, I doubt anything will materialise from singapore.

PTTEP
PTTEP was ordered to suspend production at its S1 project from June 3 after the Supreme Administrative Court ruled that it is located on Agricultural Land Reform Office (Sor Por Kor) land. This cuts crude production by 15 KBD . (Thun Hoon, 6/6/17)

PTTGC
PTTGC is looking to partner with a Japanese company to invest in specialty chemical production in order to cater to various industries in EEC worth Bt20bn. This is in line with the PTT Group’s investment plans. (Thun Hoon, 6/6/17)

SENA
SENA targets 2Q-3Q17 presales to hit a record high. It plans to launch seven projects with total value of Bt7.34bn. Its backlog is Bt3bn, of which Bt2.7bn is expected to be booked this year. It continues to invest in the power business after it recently got a solar roof project for 7-Eleven stores. (Thun Hoon, 6/6/17)

TMILL
TMILL expects 1H17 performance to be outstanding. It plans to revise 2017 revenue growth to 15-20% aided by numerous orders. It continues to expand its market via a 10% capacity increase. It is interested in a JV and/or M&A. (Thun Hoon, 6/6/17)

TVO
TVO is benefiting from the strong baht as it falls below Bt35/US$, which lowers the company’s costs. The company expects a strong 2H17 as it enters its high season. It targets 5% growth YoY from strong demand. (Thun Hoon, 6/6/17)