AUCT
AUCT expects 3Q15 earnings of Bt58mn (+8%). 4Q15 net profit is expected to be good aided by seasonality. It expects this to raise 2015 net profit to Bt227mn (+12.5%). It has applied to join the 4G auction. (Khao Hoon, 10/11/15)
Comment: We think that the news is slightly incorrect for AUCT, more that AUCT would love to be the firm holding the auction on behalf of the government

EE
EE expects 4Q15 earnings to turn around backed by orders from China from ethanol stimulus measures. It expects 2016 net profit to be good aided by 240MW power plants. It plans to wipe out retained loss of Bt684.36mn with dividend payout of 40% as is its policy. (Thun Hoon, 10/11/15)

GCAP
GCAP is talking to a prospective partner to expand its business, lending on agricultural machines, which it expects to finalize soon. It targets 2015 loans for crepe rubber machines to reach Bt20mn from the addition of customers. It expects 3Q15 earnings to be good backed by increased demand for loans. It plans to expand to corporate loans in 2016. (Thun Hoon, 10/11/15)
Comment: A rather interesting little company, but has the decrease in agricultural prices killed its target market?

GOLD
GOLD’s board has approved a capital increase of 685.7mn shares for PP to FPHT at Bt7.25/share, equal to Bt4.97bn. It plans to use the funds from the capital increase for new projects. It reported 3Q15 earnings of Bt133.52mn (+71%) with revenue of Bt2bn. It plans to pay an interim dividend of Bt0.05/share, XD on Nov 19, PD on Dec 3. (Thun Hoon, 10/11/15)
Comment: Ah well, people are still holding out for the REIT

GPSC
GPSC reported 3Q15 net profit of Bt566mn (+19%) from dividends from RPCL. 9M15 net profit was Bt1.571bn (+33%) aided by Sriracha Power plant. It expects IRPC CP power plant to start up in November. (Khao Hoon, 10/11/15)
Comment: One of the few PTT related companies to perform well.

KKP
KKP expects 2015 net profit to be good despite a slowing of 2-3% in its loan portfolio from 2014’s Bt180bn. It expects 2016 loan growth of 5-7% backed by recovery in the country’s GDP from government stimulus measures. It plans to broaden customer base to wealth management. (Thun Hoon, 10/11/15)

KSL
KSL expects FY15/16 revenue growth of 10% on the back of cane harvest and exports. It expects cane harvest of 9mn ton which can produce 910,000-920,000 tons of sugar. It expects sugar price to recover about mid-2016. (Khao Hoon, 10/11/15)

KTB
KTB expects 2016 corporate loan growth of 3-4%, the same as this year. It targets noninterest income to grow 40% in 2018 after achieving 28-29% growth this year. It has approved a Bt6.7bn two-year short-term loan to S to acquire 26 hotels in the UK where it sees risk as low and revenue as good. (DBBNews, 10/11/15)

NEP
NEP expects to show a net profit this year from a net loss of Bt216.76mn. It targets 2015 revenue growth of 20% backed by high demand created by government stimulus measures and an increase in production efficiency. It expects 2016 revenue to turn around. It plans to expand in AEC. (Thun Hoon, 10/11/15)

POLAR
POLAR plans to launch two mega projects: The Sherwood in the UK, valued at Bt7bn and the Villa in Phang Nga, valued at Bt11.1bn. It expects this to increase growth. (Khao Hoon, 10/11/15)

PTTGC
PTTGC reported 3Q15 net loss of Bt1.2bn (down 84%) hit by stock loss of Bt2.04bn, loss from aromatics business of Bt428mn, and FX loss of Bt2.14bn. (ASTV, 10/11/15)

SIRI
SIRI has launched 2 SDH projects valued at Bt2.8bn to capture the recovery in demand. It expects low-rise projects to do well in 4Q15 backed by government infrastructure projects and property incentives. (Thun Hoon, 10/11/15)

SNC
SNC expects 2016 revenue to be higher than Bt8bn on seasonality. It has budgeted Bt500mn to invest in a new plant and machinery for launching new products. It plans to do a takeover or M&A for sustainable growth. (Thun Hoon, 10/11/15)
Comment: SNC seems to be unable to return to the wonderful growth path it had up til 2009 with sales continuing to decline and margins not impressing, but it does have a 7% dividend yield and a decent balance sheet.

SPALI
SPALI plans to launch Bt35bn in projects next year which will increase its backlog from Bt35bn, supplying revenue in 2018. It expects 2016 revenue growth of 15% backed by new projects. It expects the property business to be good because of less supply and recovery in demand. (Thun Hoon, 10/11/15)

UREKA
UREKA has got Bt50mn in orders, which it expects to transfer in 2016. It is talking to two clients for agricultural machine orders. It plans to take part in Bt100mn automotive machine bidding which will increase its backlog from Bt120mn. It expects 2016 revenue to grow 20-30% on the back of the increase in its business line and expansion to Cambodia. (Thun Hoon, 10/11/15)

WICE
WICE has signed a Bt50mn contract with a Chinese solar manufacturer to manage a warehouse which is expected to contributed revenue from Dec 2015. It expects 2016 revenue growth of 20%. (Khao Hoon, 10/11/15