BBL
BBL to support credit loan of Bt1.44bn for 20.1MW hydropower plant in Laos in the JV between B Grimm and S.V. Group. (Thun Hoon 25/05/17)
Comment: Rumours have it that B Grimm will eventually IPO on the SET. It’ll be interesting to see which businesses they decide to bundle into the IPO should it actually ok

BCPG
BCPG revises EBITDA target up 25-30% from 20% after the acquisition of a geothermal project in Indonesia. Production is expected to reach 1,000 MW. Bidding for SPP-VSPP hybrid farms and participation in the bid for community and government solar projects are still ongoing. (Thun Hoon 25/05/17)

CPALL
The company expects a strong 2Q17 from robust tourist inflow, SSS growth and new store openings. It targets 700 new stores with investment of Bt10bn. ( Thun Hoon 25/05/17)
Comment: So 1) debt reduction ongoing 2) Makro’s #’s improving 3) SSSG continues 4) Continued store expansion. Seems rather straighfwd

CPN
CPN to invest Bt4bn with business partners and subsidiaries to launch “The Greatest Grand Sales 2017” in response to a policy by Tourism Authority of Thailand (TAT) to make Thailand a shopping and dining destination in Asia. (Thun Hoon 25/05/17)
Comment: They are finally going to turn their property fund into a REIT.

DTAC
DTAC selected by TOT to be its 4G partner in the 2300 MHz for 8 years. DTAC will pay TOT a flat Bt4.5bn p.a. (Thun Hoon 25/05/17)

FORTH
FORTH expects revenue growth of 15-20%, reaching Bt5.7-5.8bn from FSMART’s strong backlog of Bt500m to be recognized this year. It is also bidding for Bt2-3bn in projects with a 50% success rate expected. (Kao Hoon 25/05/17)

JMT
JMT sets up a debt restructuring center to help over 3 million customers manage their debt with a target of 300,000 customers a year. The company’s target for debt purchases is maintained at Bt30bn per year . (Thun Hoon 25/05/17)

JUBILE
JUBILE expects higher 2Q17 revenue and earnings over 1Q17 as it books revenue from its new Petchburi branch. Revenue is expected to grow 10-15% in 2017 based on SSS growth strategy. (Kao Hoon 25/05/17)
Comment: I have been wondering when will their SSS return to the high levels seen a few years ago.

MGT
MGT expects healthy 2Q17 performance after growth in its customer base. It maintains its sales target growth of 20% from a bigger customer base and new business integration with investment target of Bt16mn. The company will add four new branches in Thailand and overseas. (Kao Hoon 25/05/17)

MILL
MILL expects solid steel demand in 2017, at the 5mn ton level, supported by government projects and real estate development. The company targets 10% growth YoY (1.5mt tons in 2016). The Vietnam project is still under negotiation with a number of potential partners. (Thun Hoon 25/05/17)

MOONG
The company expects a stable performance in 2Q17 after introduction of 3-4 new items with 20-30% growth targeted for the year. (Thun Hoon 25/05/17)

ORI
ORI expects acquisition of “Proud Residence” to support earnings growth of 160% Yoy, reaching Bt1.6bn with backlog of Bt22bn. (Kao Hoon 25/05/17)
Comment: So a one time boost to EPS, and then?

PLAT The company expects 2Q17 to grow, supported by rent and hotel revenue growth. “R Walk” skywalk project is operational now and is expected to boost customer service. (Thun Hoon 25/05/17)

PLE
PLE is negotiating with Chinese and South Korean partners to improve construction quality. 2Q17 performance will grow from new work on hand. It continues bidding for Bt40-50bn worth of projects. It has already submitted its bids for 10 projects worth over Bt30bn. This is expected to boost backlog to over Bt14-15bn. The company targets revenue of Bt8-9bn. (Thun Hoon 25/05/17)

PTG
PTG expects strong growth in 2Q17, supported by non-oil business and 1,800service stations. It expects revenue to reach Bt100bn with its palm complex expected to COD in October 2017. (Kao Hoon 25/05/17)
Comment: And their share price has rebounded accordingly. Again a great company the only question is what price will you pay for it?

SC
SC has backlog on hand worth almost Bt10bn o be recognized from 2017-2019. It expects to meet its revenue target of Bt14.8bn this year despite the 1H17 slowdown. 2H17 will benefit from 11 new projects worth Bt12bn. (Kao Hoon 25/05/17)

TCAP
TCAP’s bancassurance business continues to target the younger generation. It is partnering with Prudential to create Perfect Saver 20/20 Package to cater to demand for life and health insurance for teenagers and the working population. (Thun Hoon 25/05/17)

THAI
THAI’s decision to not take its right in NOK’s capital increase worth Bt588mn was viewed as positive by investors. (Kao Hoon 25/05/17)
Comment: They may publicly say its a vote against NOK, but in reality I think they don’t have the cash.

TMI
TMI launches new LED product “Anello” to support 2Q17 earnings. It targets 20% growth this year with 10 new products. (Kao Hoon 25/05/17)

TPOLY
1Q17 saw 135.43% growth to Bt40.73mn. TPOLY expects 2017 revenue to not be lower than Bt3.2bn supported by Bt3.0bn worth of backlog and new contracts from bidding. (Thun Hoon 25/05/17)
Comment: Just look at their holding value in TPCH.

TTA
TTA expects a turnaround this year as freight costs improve and coal price recovers. The company has plans for acquisitions this year which will support long term growth. (Kao Hoon 25/05/17)