ACAP
ACAP has been rated “BB” by TRIS, signaling stable growth and a strong balance sheet. (Thun Hoon , 14/6/17)

EA
EA will book contribution from two wind farms worth 45 MW with the third wind farm to start up soon and push total capacity to 404 WM in 2017. This will support performance to a record high. It is also continuing with the construction of the 260 MW Hanuman project after receiving approval from the Agricultural Land Reform Office. (Thun Hoon, 14/6/17)
Comment: Feels like the ALRO needs a proper slap 

ECF
ECF will submit to the board plans for a 20 MW waste power plant. It also expects to sign off on the GEP project by the end of June. The company is aiming for a 30% earnings contribution from power. Management says that domestic and foreign funds are interested in its shares. The company is in talks with potential Chinese partners to expand its furniture business, which will finalize within this year. (Thun Hoon, 14/6/17)

GLOBAL
GLOBAL expects to see demand come back in strength in 4Q17 on the back of low base in 2016, as well as expectations of a government stimulus. (Thun Hoon, 14/6/17)

IVL
IVL will start up its first US refinery in 4Q17, and will benefit from PET spreads that seem to have passed their lowest point. (Thun Hoon, 14/6/17)

KSL
KSL’s 2Q17 will benefit from its Laos and Cambodian harvest season worth more than Bt300mn as well as revenue from its power plant. The company targets 10% growth in revenue YoY. It believes sugar price can remain at this level and expressed interest in JV deals for long term growth. (Thun Hoon, 14/6/17)
Comment: With BRR being the first mover in the sugar industry to launch an IF I wouldn’t be surprised to hear that multiple bankers are running to each of the sugar families recommending to do the same

NVD
NVD will launch a luxury condo worth Bt6bn in September with presales expected to be no less than Bt1bn. The company’s backlog on hand is Bt1.5bn. It targets Bt2bn growth in revenue this year with 10 projects on hand worth Bt14bn. (Thun Hoon, 14/6/17)
Comment: Arguably they have THB 25 bn worth of projects on hand if you include the land plot they’ve just acquired. 

ORI
ORI is looking to make acquisitions with over ten hotel, apartment and office deals and expects to start construction on three hotels that will finish in 2019. This will support 20% growth in the next five years. (Thun Hoon, 14/6/17)
Comment: I saw this company a year ago and I suppose then didn’t realise that they would be expanding so quickly into multiple areas of the real estate market – time to resume knocking my head against the wall for missing it

PTTGC
PTTGC signed a deal with its Japanese partner on the manufacturing and distribution of High Heat Resistant Polymide-9T and HSBC in Thailand to support the auto production base, as well as construction, medical devices, and consumer products. (Thun Hoon, 14/6/17)

RICHY
RICHY is receiving a lot of interest in its capital increase. The company will launch three new projects worth Bt2.5bn with backlog of Bt3.2bn on hand, of which Bt1bn is expected to be recognized this year. (Thun Hoon, 14/6/17)
Comment: And pigs fly

RS
RS will revise its 2017 earnings target on the strength shown by its health and beauty business line “Life Star”, which it now expects will grow 500% YoY, with revenue exceeding Bt1.1bn. The company has also entered the instant coffee market with the brand “SOM CMax” aimed at men, with target revenue contribution of Bt200mn in 2017. (Thun Hoon, 14/6/17)
Comment: The market is loving this as the stock has risen +5% today. So whilst we can applaud this new step for the company, where is the focus on the core business?

SEAFCO
SEAFCO received a new project worth Bt167mn. (Thun Hoon, 14/6/17)

SPRC
SPRC will submit its capacity expansion plans to the board. It wants to expand capacity to 170 KBD during its major plant turnaround in 2019. The company targets 165 KBD in production this year and forecasts Dubai crude oil price of US$50-60/bbl. (Thun Hoon, 14/6/17)

TRUBB
TRUBB expects 1H17 earnings to turn around upon strong demand from overseas, especially from China. It expects revenue to grow 10% YoY. (Thun Hoon, 14/6/17)

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