CWT
CWT plans to invest in waste power plant, expects to sign PPA next month. It expects 2015 revenue of Bt1.2bn benefitting from cooperation with Japanese partner to expand abroad. (Thun Hoon, 14/07/15)
Comment: CWT has been one of those companies that has at times looked quite cheap, but according to long term market investors, it’s a shareholder group one should stay away from

EA
EA expects to show a good performance in 2Q15 benefitting from seasonality. It is talking to a prospective partner to invest in a biomass power plant which is expected to be finalized soon. The plants in Phitsanulok and Nakhon Si Thammarat are expected to operate in 2016. (Thun Hoon,
14/07/15)
Comment: The story hasn’t changed for EA, and they aren’t looking to expand into the VSPP (very small power producer)

EPCO
EPCO targets 500MW power capacity within 2-3 years, 100MW this year. Management says the deal with a Japanese and European company is expected to be finalized soon. It plans to invest in a biomass power plant in South with a partner, expected to conclude this week. (Khao Hoon, 14/07/15)

IFEC
IFEC has been selected to undertake a solar farm with Royal Thai Navy with a PPA for 60-100MW. It plans to take over other power plants in July. It plans to invest in a wind power plant in Korea. (Thun Hoon, 14/07/15)
Comment: Never hurts to have military connections in the shareholders

INTUCH
INTUCH expects 2Q15 earnings of Bt3.8bn (8% growth), raising 1H15 earnings to Bt7.9bn. It expects to pay an interim dividend of Bt2.57 per share. (Khao Hoon, 14/07/15)

KBANK
KBANK plans to cooperate with Aeon to develop products and services such as innovative payment channels to facilitate its customers in Laos. It targets 2015 loans of 50bn Lao kip. (Thun Hoon, 14/07/15)

KTC
KTC expects 2Q15 earnings of Bt600mn (growth YoY and QoQ) backed by increasing credit card spending and broader market base from outsourcing and more branches. (Khao Hoon, 14/07/15)
Comment: It will be interesting to see how KTC performs during this year given the high household debt

NWR
NWR expects 2H15 to be higher than 1H15 aided by increasing revenue from construction and property. It expects to get 10-15% of Bt20bn in bids. 2Q15 is expected to grow 1,716% to Bt176mn. (Khao Hoon, 14/07/15)
Comment: NWR’s story is well known by now, it’s been able to reverse some past accounting losses in the last few years and they still hope to be able to be a part of the infrastructure spending

PAE
PAE expects to show a robust performance in the first half of the year backed by oil and gas business. 2015 revenue is expected to be Bt1bn. It expects to implement cost control and wipe out retained losses. It plans to ask shareholders to okay a capital increase on July 29. (Khao Hoon, 14/07/15)

PREB
PREB backlog has increased to Bt8bn backed by Bt1bn private project. Management says it plans to bid for a Bt3bn job which it expects will increase revenue to 10% growth this year. (Thun Hoon, 14/07/15)

RML
Foreign investors are interested in becoming business partners because of its strong brand. It expects 2Q15 earnings to rise backed by Bt8.7bn in backlog. It plans to launch a Bt2.5bn condominium in 2H15. (Thun Hoon, 14/07/15)
Comment: Problem for RML is that their earnings have peaked in the past 2 years as a result of The River and 185 Rajadamri

SOLAR
SOLAR expects to start up its 800MW solar farm in June 2016 as planned. It estimates the maximum capacity for its five subsidiaries of 250MW. (Khao Hoon, 14/07/15)

SYNTEC
SYNTEC expects to report 2Q15 net profit of Bt119mn (+29%) benefitting from Bt1.85bn construction revenue. 2015 revenue is expected to grow to Bt7.4bn. It is ready to bid for Bt10bn in jobs in 2H15. (Khao Hoon, 14/07/15)
Comment: Given it’s small capital base I have my doubts on their ability to grow and take a huge portion of the construction bids, then again if all the larger players are too busy, perhaps it opens up more potential projects for them too, the question of demand/supply…

TAPAC
TAPAC plans to invest in alternative energy and property business at home and abroad, expecting plans to be clear this year. It expects 3Q15 performance to be good and mark a record high in 2H15 backed by numerous orders. It plans to increase capacity from 1,500 tons to 2,200 tons. (Thun Hoon, 14/07/15)

TISCO
TISCO expects to report 2Q15 earnings of Bt1bn (+1.2%YoY, -15.8%QoQ) to bring 1H15 net profit to Bt2.196bn (+14%YoY). (Post Today, 14/07/15)
Comment: They had to provision a huge chunk of SSI’s loans

TTCL
TTCL has budgeted US$50-120mn to invest in a 30-40MW plant in Japan. Management says it has already bid for Bt70bn in jobs. It expects profit to be good backed by revenue from power plants. (Thun Hoon, 14/07/15)

TMI
TMI expects 20% revenue growth this year backed by exports, which is equal to 15% of total revenue. 2H15 revenue is expected to rise despite the slow economy. (Khao Hoon, 14/07/15)

TSR
TSR expects 2015 revenue of Bt1.5bn aided by increasing water filter demand from the drought. It plans to increase its product line, increasing revenue next year. (Khao Hoon, 14/07/15)

TUF
TUF plans to buy Bumblebee by increasing capital by 1.2bn shares. The company sent the filing and prospectus to the SEC on July 3. (Thun Hoon, 14/07/15)

VTE
VTE expects 2016 earnings of Bt170mn (97% growth) benefitting from selling 2mn tons of coal in Indonesia. It expects a 220MW solar farm in Myanmar to contribute revenue of Bt720mn in 2019. (Thun Hoon, 14/07/15)