COM7
Local institution is interested in COM7 shares because of its strong fundamental. It plans to invest in Hobby Plus to increase revenue. It targets 2016 revenue growth of 15% aided by focusing on online market and expanding its customer base. (Thun Hoon, 15/01/16)
Comments: It’s been on a tear in the past few months, a combination of acquisitions and the government spending incentive all helped.

EA
EA expects 4Q15 earnings to be good boosted by revenue contribution from every project. It plans to invest Bt23bn in a wind power plant. It is looking for partner. (Thun Hoon, 15/01/16)
Comment: No surprise here, everything still seems to be on track

FIRE
FIRE expects 2016 revenue to grow 20% aided by expanding abroad with a focus on Cambodia. It is budgeting Bt100mn to invest in Cambodia by as a distributor or outright acquisition. It expects this to be clear in 2017. It expects 2018 revenue of Bt1bn. (Khao Hoon, 15/01/16)

FPI
FPI expects 2016 revenue to be good after it has set up a JV in India. It expects this to increase orders by Bt300mn. It expects 2016 net profit to rise backed by the baht depreciation. It targets 2016 revenue growth of 20%. It has budgeted Bt150mn for investment. (Thun Hoon, 15/01/16)

GL
GL expects high 2015 net profit growth with a record high in 4Q15 driven by HP in Laos and Cambodia. It expects net profit to grow 96% on average for the next three years. (Khao Hoon, 15/01/16)
Comment: A former darling of ours and well they would have to grow at these levels just to justify their existing valuation

HMPRO
HMPRO expects 4Q15 earnings to reach a new high of Bt1.084bn on seasonality, SSS growth, and revenue contribution from Mega Home. It expects 2015 net profit of Bt3.44bn. (Khao Hoon, 15/01/16)

IEC
IEC gets a partner to invest in waste power plant. It expects 2015 revenue to be good, and will pay a dividend. It expects to increase electricity capacity to 75MW from 22MW. (Thun Hoon, 15/01/16)
Comment: Could the famed IEC be on the cards for another rounding of punting? I’ve seen it happen some 3x in the past decade

IHL
IHL is budgeting Bt200mn to invest in the food business. It targets 2016 revenue growth of 10-15% aided by expanding its customer base. (Thun Hoon, 15/01/16)
Comment: That’s a rather rapid departure from the usual automotive clients

MAJOR
MAJOR expects 2016 revenue to grow 10-15% with many good movies scheduled to run and more screens. (Thun Hoon, 15/01/16)
Comment: Will starwars have the impact that people are pricing?

MFEC
MFEC expects a turnaround, mainly on government budget spending. It expects the government’s IT budget to be a key driver, encompassing IT networks, digital economy, 4G and moving cables underground. It expects to get new orders. (Thun Hoon, 15/01/16)

SC
SC targets 2016 revenue to grow 5-10% from 2015’s Bt13bn thanks to Bt8bn backlog. It plans to launch 10 new projects valued at Bt23-24bn. (Khao Hoon, 15/01/16)

SOLAR
SOLAR expects to increase its solar cell capacity to 200MW, hoping to export to Europe and the US. It expects 2016 revenue to turn around. It expects the government to approve setting up a solar roof without prior permission. It does not worry about the incursion of Yingli into Thailand’s solar playing field. (Khao Hoon, 15/01/16)
Comment: We’ve heard that these few months will be amazing for Solar but that orders will disappear as per usual

SPRC
SPRC expects to benefit from the drop in benzene price to US$24, as this will increase refinery margin. It expects to show a net profit of Bt7bn in 2015. (Khao Hoon, 15/01/16)

THCOM
THCOM expects 2016 earnings to be good thanks to the launch of Thaicom 8 in 1H16. It expects this to add Bt2/share to its valuation. It plans to launch Thaicom 9 soon. (Thun Hoon, 15/01/16)

TTCL
TTCL expects to sign a 1280MW PPA with Myanmar soon. It expects the construction to start in 2H16. It expects this to boost its future revenue. (Thun Hoon, 15/01/16)
Comment: This deal has been on the cards for years, the recent change in government had scared investors away…

UAC
UAC expects investors to exercise its warrants. It expects to use cash from warrant exercise to invest in chemical product and power business valued at Bt600mn. It plans to expand to new markets with a focus on CLMV. It expects to buy 1-2 companies, with the decision to be made soon. It targets 2016 revenue of Bt1.8bn (15-20% growth). (Thun Hoon, 15/01/16)