CCN
CCN and partner to bid for government project worth Bt100mn in 2Q15. It expects to get the entire project. The 1Q15 outlook is relatively the same as last year. It expects 2015 revenue growth to reach the target 20%. (Thun Hoon, 17/04/15)

COLOR
COLOR expects its 2015 to turn to be profitable, after losses for three years in a row. It expects the improvement to be enough to offset the retained losses of Bt17.53mn. It expects a strong 1Q15 after the return of client orders and better utilization rate. (Thun Hoon, 17/04/15)

DCON
DCON expects dramatic earnings growth over the next few years. Within the next ten days, it plans to set up a joint venture for a new plant in Cambodia. It also plans to set up a precast plant that will contribute Bt100bmn/year. It will also invest in a power plant and residential property in the future. (Thun Hoon, 17/04/15)
Comment: It’s the power plant and the residential projects that are the short term EPS drivers here.

DEMCO
Gets new project producing electric wire worth Bt871mn. This will raise backlog to more than Bt5bn. Solar farm projects will generate about Bt1.75bn. 1Q15 is expected to be strong. (Khao Hoon, 17/04/15)
Comment: DEMCO should always continue to win work in any power related project, especially renewable energy projects.

ESSO
European and Asian investors interested. Earnings in 2015 are expected to be good. The firm plans to invest Bt2-2.2bn to improve its refinery and petroleum plants and plans to expand its petrol stations from 520 stations to grow retail market share. Better refining margin will lead to positive earnings in 1Q15. (Thun Hoon, 17/04/15)
Comment: I’ve heard this rumour about ESSO being up for sale for years.

GUNKUL
GUNKUL shareholders approve purchase stock of Korat wind energy project, with a subsidiary handling the investment. Stock and cash dividend valued at Bt0.278, to go XD on 21 April, were approved. (Khao Hoon, 17/04/15)
Comment: I’m still expecting to see a capital increase at some point for GUNKUL

ILINK
Revenue in 1Q15 may rise about 30% because of growth in each business. The firm has signed a contract with TMB for a data center, worth Bt400mn. It will book revenue from Sept this year. Revenue will grow to Bt2.80bn with net profit of Bt250mn. (Khao Hoon, 17/04/15)

KCAR
KCAR gets order for rental of 300 cars from new clients, and is in talks with numerous new clients. It expects its rental car portfolio to reach 7,000 cars in 2015 from 6,500 cars in 2014. It plans to expand its client base in the private sector to help raise margin above 10%. (Thun Hoon, 17/04/15)
Comment: A solidly stable run company that at the right price offers a decent yield, they purely lease cars out and gain upside on the sale of 2nd hand cars.

KCM
KCM signals its 1Q15 earnings will be outstanding after expanding customer base. It plans to increase the portion from projects to 25%. It targets 2015 revenue to grow by 15-20%. It will construct two warehouses for rent in Khon Kaen, ready to operate in 2Q15. These will provide revenue of around Bt12mn. It targets to open three new branches. (Thun Hoon, 17/04/15)

KTB
KTB plans to revise the loan growth target to factor in economic slowdown. It expects 2H15 to be slow from weak confidence and GDP is set to be lower than forecast at 4%. Its 1Q15 loan growth showed a small growth from debt repayment from the government and big borrowers amid continued growth in SME and retail loans. It expects the government to maintain political stability and push mega projects to stimulate 2H15 economic recovery. In 1Q15, NPLs in the banking system still increased. If this continues, it will add to provisions. (Krungthep Turakij, 17/04/15)

LH
Plans to invest in new project in the U.S. by acquiring an apartment building in San Francisco, for Bt2.4bn, which will contribute about Bt100mn in revenue annually and give a ROI of 12%. Earnings are expected to rise in Q2-Q4 with revenue of Bt30bn. (Khao Hoon, 17/04/15)

MINT
Hotel business is trending up, with occupancy rate forecast to reach 70% while revenue per room is also expected to increase more than 15%. The food business is steadily recovering with expected double-digit growth. MINT plans to increase the number of outlets. (Thun Hoon, 17/04/15)

NCH
NCH says 1Q15 revenue grew by 10%. It expects 2015 revenue to hit target of Bt2.2bn. It plans to open a low-rise project to match market demand. (Thun Hoon, 17/04/15)

NWR
NWR operations set to turn around in 2015. It will book extra gain of over Bt300mn from the Klong Dan case. With backlog on hand of Bt15bn, revenue will reach Bt8bn. It targets to get new projects worth more than Bt10bn. Meanwhile, the outlook for its residential property projects is solid, and it plans to launch three new projects this year. (Thun Hoon, 17/04/15)

PTT
Subsidiary GPSC to expand investment in Thailand and abroad in response to increasing electricity demand. Production capacity will rise to 1,851 MW from 1,315 MW. (Thun Hoon, 17/04/15)

PTTEP
Earnings in 1Q15 expected to be positive at over Bt7bn due to lower impairment cost. (KhaoHoon, 17/04/15)

RATCH
RATCH to cooperate with Taiwanese partner to invest in another 100MW solar farm in Japan, targeting to close the deal in 2015. It plans to take over a few power plants and coal mines with an investment budget of US$800mn-1bn. It plans to expand one or two more projects with Chow Steel Industries. It also plans to build a 36MW solar plant in Australia to replace its currently suspended coal-fired power plant. (Krungthep Turakij, 17/04/15)

SANKO
Earnings predicted to grow at least 10% from last year after it got new orders from both present and new clients. Auto sector recovery is allowing clients to introduce new models. (Khao Hoon, 17/04/15)

SEAFCO
Got the new project worth Bt100mn, raising backlog to Bt1.140bn. The firm plans to sign a contract for a foundation pile project in Myanmar worth Bt200mn in the next 1-2 months. It is offering a Bt800mn convertible bond to investors; it will use the funds to repay debt, reducing interest expense, and to buy a new machine for Bt400mn. (Khao Hoon, 17/04/15)
Comment: Why does SEAFCO need to do a CB? I just don’t understand, bankers must be licking their lips with the fees.

UNIQ
Signs contract with Royal Irrigation Department for Mae Ngud-Mae Guang water tunnel construction, worth Bt1.88bn. This raised backlog to Bt33bn. (Khao Hoon, 17/04/15)
Comment: UNIQ has changed the game from there only being 3 major players to now 4

WORK
Ranks third. An uptrend in the digital TV business has placed WorkPoint into third place in ratings. It is showing the best earnings improvement in digital television with an increase in net profit to Bt207mn, 898% growth. (Khao Hoon, 17/04/15)
Comment: WORK is the biggest winner in digital TV, that story is obvious, the question now is who will take the 2nd n 3rd place of the newcomers? RS? GRAMMY?