BRR
2nd plant up and running – BRR reports its second bio power plant with capacity of 8MW has commenced commercial operations and thus begun to generate revenue. Its third power plant with capacity of 9.9MW is still under construction, with completion scheduled for early 2017, after which it will generate income. Currently, earnings contribution from the power plant business is 30%, up from 20% before the second power plant started operations. (Khao Hoon, 16/04/15)
Comment: A standard expansion for every sugar company.

CPF
CPF expects 1Q15 to be the year’s worst and expects recovery in 2Q15 due to improving product prices. The firm is also waiting for the board’s approval to buy a 75% stake in CPC worth Bt28.5bn on April 22. (Khao Hoon, 16/04/15)

EASTW
EASTW expects selling volume to increase by 10% YoY in 1Q15 with 5-6% growth for the whole year driven by water demand in the northeast. (Khao Hoon, 16/04/15)
Comment: EASTW and TTW are the only two water utility plays in Thailand and both have done incredibly well over the past decade.

EPCO
EPCO profitable for three years since turnaround three years ago. It plans to expand by acquiring more companies as it works towards achieving its goal of 100MW. For this year, the firm expects 30% growth in earnings on revenue from 30MW in power plants. (Khao Hoon, 16/04/15)

EPG
EPG plans overseas roadshows in Singapore, Hong Kong and US by midyear. The firm is confident that all business units will perform well this year and believes newly acquired TJM will also strengthen its business and operations. As a result, the firm expects 10% revenue growth in 2015-16. (Khao Hoon, 16/04/15)

JUBILE
JUBILE expects strong 1H15 performance underpinned by the seasonality effect. For the whole year, the firm expects 20% revenue growth in 2015, backed by new products. (Khao Hoon, 16/04/15)
Comment: Templeton just bought a stake in JUBILE even though it is “only” listed in the MAI

PERM
PERM expects strong performance in 2015 as the firm is positive on robust revenue recognition of Bt6.6bn driven by government projects. (Khao Hoon, 16/04/15)

RICHY
RICHY is very positive about the outlook in 1Q15 as it booked revenue from backlog of Bt900mn. The firm is also confident it will meet its revenue guidance in 2015 of Bt1.35bn as a big project, Rich Park @ Chyapraya worth Bt1.2bn, will start generating revenue in 3Q15. (Khao Hoon, 16/04/15)

THAI
Plans to raise cabin factor above 76% – Despite the seasonality effect in 2Q15, THAI plans to increase cabin factor to surpass 76%, the level seen in 1Q15, as it expanded routes that are popular during Songkran. The firm expects an increase in passengers by 4,000-8,000 in this period. (Khao Hoon, 16/04/15)

TRC
TRC to be removed from cash balance April 16. Management said the firm is likely to sign a road-building project worth Bt1.2bn. It also plans to increase its stake to above 25% in Potash Asia. (Khao Hoon, 16/04/15)

TTCL
TTCL to sign contract to build Bt6bn petrochemical plant in 2Q15. It will book revenue from its coal power plant projects in Myanmar within 2017. (Khao Hoon, 16/04/15)

TVT
TVT plans to issue 200mn shares in an IPO to expand business. The firm will be listed on mai. (Khao Hoon, 16/04/15)
Comment: The first new small IPO in a while, first day BOOM expected, but good luck getting any shares.