BJCHI
BJCHI expects 2Q15 earnings to be better than 1Q15 benefitting from FX gain. It expects 2H15 earnings to increase aided by backlog from Petrobras, worth Bt1.3bn and new projects from TUPI BV, valued at Bt5.4bn. It expects 2H15 net profit of Bt800mn. (ASTV, 20/07/15)
Comment: We do wonder aloud, weakening thb, which other export based or sectors/companies that rely upon Thailand being cheap for labour will benefit in the continued weakening of the THB? The same question of course goes for every other country in the region.

CENTEL
CENTEL expects to benefit from the baht depreciation as it will lead to an increase in tourists. Its average occupancy rate is 80% in 1H15 which is higher than 1H14. (Thun Hoon, 10/07/15)

CPALL
CPALL expects 2015 revenue to grow 11-12%. It expects water sales to grow 15% as people buy more water because of the drought. (Khao Hoon, 10/07/15)
Comment: Who else could in benefit from this? CPALL I’m finding interesting now because it looks like they will sell off part of their makro stake, to pay down their debt

CWT
CWT plans to set a Bt250mn plant in Cambodia for exports, expects this to start up in mid-2016. It targets 1mn capacity in 2019. (Khao Hoon, 10/07/15)

DTAC
DTAC expects to report 2Q15 earnings of Bt1.69bn (-43%) eroded by lower revenue and higher expenses. It expects to pay a Bt0.72 dividend. (Khao Hoon, 10/07/15)
Comment: Telenor still wants them to keep paying divvy’s to fund its expansion in Myanmar and India.

KKC
KKC expects 2Q15 earnings to grow 20% with growth aided by the depreciation of the baht. It says it has no plan to introduce new products. It plans to increase its capacity by setting up plants abroad. (Thun Hoon, 10/07/15)

MCOT
MCOT expects to book a Bt55mn extra gain in 3Q15 as the administrative court has decided in favor of MCOT and it will not have to pay the Rai Som for the ads. (Khao Hoon, 10/07/15)
Comment: Still doesn’t change the fact that this company is struggling.

ML
Foreign investors bought 46.98% of ML shares. It has purchased bad loans from TBANK and expects to get more from SME Bank and IBANK to begin its business of managing bad debt. It expects to start lending under the nano-finance scheme in 4Q15. (Thun Hoon, 10/07/15)

PAE
It plans to increase capital by Bt1.5bn to invest in existing and new businesses; this will be submitted for shareholder approval on July 29. It expects to show a net profit in 2019 and wipe out a Bt2bn retained loss. (Khao Hoon, 10/07/15)

PJW
PJW expects robust earnings in 2H15 with 10% revenue growth in 2015, backed by new car models, increasing work on hand by Bt100-150mn. It expects to book Bt70-100mn from the painting garage which it expects to reach breakeven in 2017. (Khao Hoon, 10/07/15)

PTTGC
Management is considering setting up a group to engage in “green” business. It expects to list this subsidiary on the SET within 1-2 years. (Post Today, 10/07/15)

S
S expects to show a net profit this year from 2014’s loss of Bt250.78mn aided by booking revenue from acquisition. It plans to take over a Bt4bn property business. It expects to conclude an M&A in the hotel and property business in 2H15. Management says it plans to set up an REIT and list subsidiary in three years. (Thun Hoon, 10/07/15)
Comment: With the former CFO of CPN now at the helm of S, will there finally be a 3rd player to break up the duopoly of The Mall Group and Central Group?

TCJ
TCJ expects demand for rental equipment to increase as the drought is leading roadways to collapse and sink. (Thun Hoon, 10/07/15)

TCMC
Investors are interested in buying TCMC shares via PP. Management plans to broaden its customer base by a business takeover. It targets revenue of Bt20bn in 2-3 years. It expects 2Q15 earnings to rise 25-30% compared to last year. (Thun Hoon, 10/07/15)

TFD
TFD plans to set a Bt2bn REIT into which it will sell TISCOM and 70,000sqm of eight warehouses in 3Q15 before building a 100,000sqm warehouse. It expects to list TISCOM in 2Q16. (Thun Hoon, 10/07/15)

TRC
TRC issued a 2-year Bt100mn debenture with 4.68% coupon rate. The funds will be used as working capital and to invest in APMC (from 4% to 30%). (Thun Hoon, 10/07/15)

TUF
Share sale set for July 20-24. Management has set the period for selling 795.3 capital increase shares (ratio 6 old stocks:1 new stock at price Bt16/share) for July 20–24. It expects to get US$400mn to buy Bumble Bee. (Khao Hoon, 10/07/15)
Comment: Well no surprise here. They need the $.

TVD
TVD expects 2015 earnings of Bt100mn (+1,000% YoY) and expects to wipe out retained loss this year. It expects 2Q15 earnings of Bt10mn and 3Q15 earnings of Bt80mn aided by extra gain from selling a subsidiary. (Khao Hoon, 10/07/15)
Comment: Thus 80% of these earnings come from the sale of a subsidiary.

UPA
UPA expects to conclude the purchase of APU in August and expects to book revenue in 3Q15. It expects to conclude the PPA for a 200MW power plant in Myanmar within a few months. (Khao Hoon, 10/07/15)
Comment: Linked closely to Dawei’s development. Its now at a mkt cap of THB 16bn, thus thb 80 mn per MW, not too expensive….but yeah.

UREKA
UREKA plans to invest more in agricultural business in 2H15, expecting to introduce 2-3 new products which will increase the proportion of revenue from this business to 50%. It expects a turnaround in 2015 performance with 100% revenue growth. (Khao Hoon, 10/07/15)