BEAUTY
BEAUTY expects 2Q17 performance to improve QoQ and for profit in 2017 to grow 20% YoY from new branch openings. SEC announced that KASSET reduced its ownership by 0.33% to 4.72%. (Kao Hoon, 12/6/17)

CHO
CHO will sign with BMTA for its e-Ticket bidding project worth Bt1.67bn. The first 800 buses will roll out on October 1. (Kao Hoon, 12/6/17)
Comment: The owner has never liked this military government for the delays and changes made to this bus program

CMR
CMR will benefit from the rise in Social Securities reimbursement. Its ‘Polyclinic’ project is expected to support performance in 2017 and boost revenue to over Bt3.53bn. The company is also expected to benefit from the increased number of insured patients as a new law will allow people who lost their Social Security benefits to return to the system. (Thun Hoon, 12/6/17)
Comment: I do wonder if more people are using social security at hospitals won’t this erode the profitability of these hospital groups? 

D
D will sign with a major department store in the heart of Bangkok to open its “Dental Signature”, which will target premium Thai and foreign patients. This deal will be finalized at the end of June. It expects to generate a profit within two years. (Thun Hoon, 12/6/17)

EARTH
EARTH’s problems continue with KTB being pulled into the fray due to a Bt10bn loan along with a debenture worth Bt4.5bn. KTB management says that this will not have a material impact on its NPLs, but refused to report the remaining balance. The SET said it will not suspend trading in EARTH as long as it reports details as required. Management of the company admitted it will default on its June 15 B/E as well. (Kao Hoon, 12/6/17)
Comment: Which company is next…we’ve had IFEC, NMG, EARTH hmmmm what other POS’s are there in the market with tonnes of BE’s

ITEL
ITEL will do a roadshow in Malaysia in hopes of pushing foreign ownership to 15%. The company expects 2017 revenue to grow 30-40% and expect to sign new work worth Bt600mn. (Thun Hoon, 12/6/17)

JMART
JMART is riding the wave of smart phones as they become a necessity. Its subsidiaries are also doing well. (Thun Hoon, 12/6/17)
Comment: How is this a benefit for JMART? Telco’s are killing it, everyone has a phone so its just a replacement market now. And with the quality of mid range phones improving there is less of a need for consumers to keep upgrading

MILL
MILL will benefit from the Revenue Department’s new international headquarters. The company expects sales volume to grow 10% from strong domestic demand. (Thun Hoon, 12/6/17)

MM
MM expects a turnaround in 2017 with a lower interest expense burden after paying back its debenture. The company will open a Greyhound Café in London, which is hopes will generate revenue of Bt30mn per month. MM targets 5-10% revenue growth this year with 20 new branches. (Thun Hoon, 12/6/17)
Comment: It is still a ridiculously expensive stock

MSC
MSC expects revenue to grow 7-8% from Bt7.69mn in 2016. The company is developing new software to support growth and targets hotels in CLMV. It is also in talks with startup companies, which will finalize soon. (Thun Hoon, 12/6/17)

ORI
ORI is expected to benefit from ‘Park 24’ condominium project. (Thun Hoon, 12/6/17)

PAP
PAP is studying the expansion of a new production line, oil and power line pipes. It targets 15% growth in revenue after the price of steel increased 6%. 2H17 performance is expected to be strong. Government projects, EEC, and AD will support steel demand. The company will invest in a new 500,000-ton production line to support demand. (Thun Hoon, 12/6/17)

RJH
RJH will benefit from SSO’s new payment scheme from September 1, and expects 2017 revenue to grow 15%. 2Q17 is expected to be strong. (Kao Hoon, 12/6/17)

Comment: See CMR 

SINGER
SINGER expects a turnaround in 2Q17 from the 1Q17 loss of Bt20bn as sales have risen and NPLs are lower. Second half is its high season and it expects 2017 revenue to grow 30% from 2016’s of Bt2.54bn. (Thun Hoon, 12/6/17)
Comment: And they’ve launched something called the Pengiun sim card

SIRI
SIRI closed presales for “Baan Plai Haad”, its high end condominium in Pattaya. This is its first project in the city. The project generated presales of Bt2.25bn. (Thun Hoon, 12/6/17)

SPALI
SPALI is concerned about the rising number of mortgages denied by banks. The company will require down payments of over 20% and will provide preliminary criteria and advice to customers before they apply for a mortgage. (Thun Hoon, 12/6/17)

TFG
TFG expects 2H17 to be strong with high seasonal demand for poultry and pork exports. The company also expects strong domestic demand and a new product line to support earnings in 2Q17. It will invest Bt1bn in a high-margin poultry processing line. It is confident revenue will grow 15% this year. (Thun Hoon, 12/6/17)

TPIPP
TPIPP is anticipating startups of three power plants totaling 290MW, ahead of schedule as it expects EIA approvals soon. The company also received good news that it was included in the FTSE SET Mid Cap Index starting June 19. (Thun Hoon, 12/6/17)
Comment: A rather straightforward story here, essentially a bigger version of TPCH