BIZ
BIZ announced 1Q17 earnings of Bt4.12mn, growing from 1Q16’s Bt0.39m, driven by higher sales and lower cost. It plans to launch new products. It plans to continue transferring Bt350mn in work on hand. (Thun Hoon, 17/05/17)
Comment: I am curious to hear about this business

BRR
BRR reports 1Q17 net profit growth of 221% thanks to higher sugar prices. It is talking to a prospective partner to invest in a new plant. It expects its infrastructure fund to be finalized this year. (Thun Hoon, 17/05/17)
Comment: Curious to see if the other sugar players will follow suit with the infra fund

COM7
COM7 plans to expand its business to camera sales; finalization is expected in June. It expects 2017 sales to reach Bt400mn. It plans to partner with Tesco Lotus to capture the IT market segment. It expects 2Q17 earnings to be better YoY and expects full year growth to reach target of 10%. (Thun Hoon, 17/05/17)
Comment: Competition for BIG? Also lets see how they perform when the Iphone 8 is out, plus with True now bigger than DTAC its something else that COM7 can piggy back on.

ECF
ECF posted 1Q17 record high revenue of Bt409.75mn with net profit of Bt18.63mn aided by 21% sales growth. It plans to boost sales through all distribution channels after getting a good response to its “100 Yen Can Do” shop. It continues to invest in alternative energy, most recently via a planned purchase in shares in GEP for 220MW in solar plants. It expects this to be approved by the board on May 31. It expects 2Q17 performance to be good. (Thun Hoon, 17/05/17)

FSMART
FSMART expects 2Q17 performance to continue to grow from 1Q17’s Bt776.81mn and net profit of Bt131.69mn. It expects to revise up target revenue growth from 20%. (Thun Hoon, 17/05/17)

GRAMMY
GRAMMY reported 1Q17 net profit of Bt3mn, underwritten by its music business. It expects 2Q17 performance to be good on seasonality and digital TV. (Kao Hoon, 17/05/17)
Comment: A profit!!!!!!!!!!!!!!!!!!!!!!!!!!!!! The first since 2012.

HTECH
HTECH reported 1Q17 net profit of Bt47mn, up 106% from many orders. It expects the industry to recover based on rising orders from its main customers both at home and abroad. It expects its new plant to start operations in 4Q17. It expects 2017 revenue to meet its target growth of 8-10% as well as 2Q17. (Thun Hoon, 17/05/17)

IRPC
IRPC expects 2017 EBITDA of Bt18bn thanks to by UHV. It expects GIM to be above US$13/barrel. (Kao Hoon, 17/05/17)

MALEE
MALEE expects 2017 sales to grow 10-15% despite a performance slowdown in 1Q17. It continues to focus on exports and contract manufacturing orders. It plans to launch 8-10 SKU. It also plans to launch new products in the Philippines in 3Q17 to contribute long term earnings. It plans to hold a roadshow in Malaysia to attract foreign investors. (Thun Hoon, 17/05/17)
Comment: They do present well at the overseas roadshows

ORI
ORI announced 1Q17 net profit of Bt171.92mn, up 94.67%. It expects 2Q17 performance to continue to grow on backlog of Bt13-14bn. It plans to launch four projects valued at Bt8bn. (Kao Hoon, 17/05/17)
Comment: And somehow this company is now trading above the value of its backlog. Yes it has some assets in place that provide recurring income. But regardless.

PACE
PACE expects 2017 performance to turn around on the strength of transfers of Bt6.8bn of the Mahanakorn project. It has five projects under development valued at Bt34bn with Bt15.3bn backlog. It plans to issue a Bt3bn debenture to repay short term debt. (Thun Hoon, 17/05/17)
Comment: They still raised funding at ridiculous rates.

PLANB
PLANB reported 1Q17 net profit of Bt100mn, up 67%, brought by higher capacity and ad revenue. It expects ad revenue to grow 20-25%. It expects the sport marketing business – acting as the official ad agent for FA Thailand – to contribute revenue of Bt550mn. (Kao Hoon, 17/05/17)

PTTGC
PTTGC targets 2017 revenue to reach Bt440bn from 2015’s Bt350bn driven by better refinery margin and stable oil price that will compensate for lower revenue from the planned olefin unit shutdown. It expects MAX projects to contribute profit this year. (Thun Hoon, 17/05/17)

RS
RS targets 2017 revenue to hit Bt3.5bn, backed by its Lifestar business and Channel 8. (Kao Hoon, 17/05/17)
Comment: A turnaround that is proving itself

SUPER
SUPER maintains its target 2017 revenue of Bt9-10bn. It continues to invest in power plants overseas. It expects 30MW in Chinese and Japanese solar farms to contribute revenue in 2Q173Q17. It plans to acquire power plants abroad to boost revenue and net profit to a record high. (Kao Hoon, 17/05/17)

TFG
TFG reported record-high revenue of Bt5.95bn in 1Q17, up 28% YoY on the back of substantial growth in broiler sales. Its 1Q17 net profit grew 200% QoQ with gross margin of 8.3%. It expects 2017 revenue to grow 15%. It is studying to invest in processed chicken, sauce, and health drinks both at home and abroad. (Thun Hoon, 17/05/17)
Comment: Now lets see what they can do to maintain this level of profitability.