BTS
BTS expects EBITDA margin for the Pink and Yellow Lines to increase to 64-69% in its final year and passenger numbers to grow 4.5-5.2% on average. (Thun Hoon, 21/6/17)

CBG
CBG is in talks with 3-4 retail operators in the UK to expand its business overseas. It expects to finalize the deal with 2-3 of them this year, with margin expected margin at 35-40%. The company expects to sell 250-350mn bottles to the UK and China. (Thun Hoon, 21/6/17)
Comment: If you believe you believe, thats all i have to say about CBG

ERW
ERW expects 1H17 performance to be strong from high occupation rate. 2017 revenue is expected to grow 10% YoY supported by strong tourism demand. The company targets capex of Bt2.2bn. (Thun Hoon, 21/6/17)
Comment: 2Q should be good for all the listed hoteliers.

HMPRO
HMPRO expects strong YoY performance in 2Q17 due to strong demand. 2017 revenue is expected to grow 8-12% off a larger client base. The company targets capex of Bt400mn, emphasizing overseas investments. (Thun Hoon, 21/6/17)
Comment: It’s not happening from SSSG, a declining trend is seen across all retailers (ex CPALL) for the past 2 years

KKP
KKP’s loan growth recovered in May mostly due to growth in business loans. The company expects loan growth of 2.5% in 2Q17, resulting in earnings of Bt1.5bn, +19% QoQ. Earnings for 2017 are expected to grow 8%. (Thun Hoon, 21/6/17)

LPN
LPN will launch a new high rise project The Selected in the Kaset-Ngam Wong Wan area worth Bt1bn on June 24. (Kao Hoon, 21/6/17)

MINT
MINT expects 2Q17 to be strong based on a good showing in SSS growth with contribution from Anantara Layan Phuket Villa expected to support future growth. (Thun Hoon, 21/6/17)

OISHI
OISHI expects 2Q17 earnings growth of 44% YoY. The company has been able to adjust its marketing strategy to seek growth despite a gloomy food and beverage market. (Thun Hoon, 21/6/17)

ORI
ORI announced a successful VIP Pre-Sale Day with sales of Bt3.4bn from the launch of four projects, which will support presales in 2Q17. The company targets Bt4bn. ORI will launch five new projects in 2H17. (Thun Hoon, 21/6/17)

PACE
PACE expects 2H17 to be strong with contribution from Mahanakorn and Mahasamut projects worth Bt8-10bn on top of existing backlog of Bt15.3bn. The company expects revenue of Bt13bn in 2017 supported by branch expansion for its food segment. (Thun Hoon, 21/6/17)
Comment: An xmas tree for earnings, it’ll be the same story as seen with RML’s earnings over the past 5 years.

PTTEP
PTTEP will restart S1 production after the government used Article 44 to resolve the Sor Por Kor issue. (Thun Hoon, 21/6/17)

SPCG
SPCG will start up its 30 MW solar farm in Japan by end of this year. It also expects to obtain a solar rooftop project in the Philippines. The company expects revenue this year of Bt6bn. (Kao Hoon, 21/6/17)

SUPER
SUPER is participating in the bidding for government and community solar farms which will finalize at the end of June. It expects to gain 25-30% of the 119 MW available. The company expects to start up no less than 800 MW in 2017 and plans to JV for more projects in Japan, China and Vietnam. (Thun Hoon, 21/6/17)

THAI
THAI is getting a lot of interest in its 15-year debenture worth Bt8bn. It is rated “A” with a stable outlook. (Thun Hoon, 21/6/17)
Comment: A? In what world could it be rated A?

TOP
TOP expects EBITDA to grow YoY in 2017 with revenue expected to exceed Bt300bn on the back of a full year contribution from the LAB project. (Thun Hoon, 21/6/17)

TWPC
TWPC is negotiating 2-3 deals in CLMV projects, expected to finalize this year. The company has Bt1.7bn of cash on hand, which should be sufficient for the deals. Revenue this year is expected to grow in the high single digits. Management is preparing for a roadshow in Hong Kong, Malaysia and Singapore. It targets revenue of Bt10bn in 3-5 years. The current P/E ratio is only 1.3x. (Thun Hoon, 21/6/17)
Comment: I think the news is incorrect, PE is in the teens, perhaps this is D/E? Regardless this is a simple business with minimal risks from fluctuations in raw material prices