BCPG
BCPG expects 2Q17 performance to continue to grow from 1Q17’s Bt454mn on the back of higher Ft and additional 130MW in power generation in Japan. It continues to invest in power plants in Japan. (Thun Hoon, 05/05/17)

 

DTAC
DTAC is partnering with Netmarble to launch Lineage 2 Revolution in Thailand. It targets 1mn users to use DTAC to top-up. It plans to launch one game each quarter. (Kao Hoon, 05/05/17)

 

EA
EA expects to benefit after agricultural land reform office said that Hanuman wind power plant (260MW) is legal and positive to farmers. EA is ready to continue its construction. (Kao Hoon, 05/05/17)
Comment: Let’s hope that this is the case for the entire sector.

 

GPSC
GPSC reported 1Q17 net profit of Bt750mn, up 79%. Revenue grew 20% QoQ. It plans to continue to expand its business. It expects 2Q17 earnings to be good due to higher Ft. It plans to cooperate with a prospective partner in U.S. to invest in power-related business in Asia. (Thun Hoon, 05/05/17)

 

KKC
KKC expects 2Q17 performance to be good, boosted by summer that will increase demand for compressors. It has a growth strategy that includes takeovers, expanding to new markets, increase capacity, and implementing cost control. It is budgeting Bt400mn to increase capacity of motor compressors to handle higher demand. (Thun Hoon, 05/05/17)

MM
MM expects 2017 performance to turn around beginning in 2Q17 thanks to financial expense. It plans to open Greyhound in Pattaya and in Indonesia in 2Q17. (Kao Hoon, 05/05/17)

 

ORI
ORI targets 2Q17 presales of Bt4-5bn. It also plans to launch four projects valued at Bt8.4bn that will increase its backlog to Bt14bn, sufficient to cover revenue until next year. It is budgeting Bt3bn to buy land. (Thun Hoon, 05/05/17)
Comment: It’s amazing what they’ve achieved but you can see that the market is already pricing in everything for the next 3 years.

 

PTT
PTT expects 1Q17 net profit of Bt37bn, up 57% on the back of better performances at subsidiaries, the gas separation business and higher retail prices. (Kao Hoon, 05/05/17)

 

ROJNA
ROJNA’s backlog is Bt600mn, which it expects to book this year. It expects to benefit from government policy to build confidence with Chinese and Japanese investors. Sales of land has reached 400-500 rai. It expects SPP3 to operate in July and contribute Bt200mn revenue/month. (Thun Hoon, 05/05/17)

 

SPALI
SPALI expects 2017 presales to reach its target of Bt27bn brought by industry recovery and loosening of the lending reins by commercial banks. It plans to launch six projects with a total valued of Bt4bn in 2Q17 with Bt40bn backlog to be transferred. (Thun Hoon, 05/05/17)

TFG
TFG is budgeting Bt1bn to increase capacity. It expects this to drive 2017 performance to grow not less than 15%. (Thun Hoon, 05/05/17)
Comment: When pork and chicken prices retreat back to their mean, I wouldn’t want to be a shareholder in TFG

 

TKT
TKT expects 1Q17 performance to grow in line with the auto industry, backed by new orders. It expects this to support 5-10% revenue growth with gross margin at 20%. (Thun Hoon, 05/05/17)

 

TPIPP
TPIPP targets to increase total capacity from 150MW to 440MW, which is expected to contribute revenue in two years. It expects this to contribute growth of 77% or triple revenue, with 82% growth in net profit in 2018. (Thun Hoon, 05/05/17)
Comment: Fairly straightforward path ahead for TPIPP, the question will be if/when they can expand further beyond from 440MW

 

TWZ
TWZ targets sale of 30MW this year and to contribute revenue of Bt240mn. It expects to book Bt500mn revenue from The Pazer Pattaya. It plans to issue a Bt5bn debenture for its business expansion. (Kao Hoon, 05/05/17)