ADVANC
ADVANC maintains 2017 revenue growth target of 4-5%. It plans to be a leader in data services in 2H17 by increasing 4G customers to reach 40-50% of its customer base of 40.5mn. It also plans to expand home internet. (Khao Hoon, 17/8/17)
AOT
AOT to pay rental to Treasury Department at 4% of ROA and 0% for “free zone”. The Treasury Department will not make this retroactive for the prior five years. The rent must be paid by October. (Khao Hoon, 17/8/17)
BANPU
BANPU guarantees 2017 earnings to grow strongly due to higher coal prices. It targets coal sales of 45mn tons. (Khao Hoon, 17/8/17)
EPG
EPG says business is going strong, driven by a new model, Aeroflec Aeoroklas EPP. It also plans to expand production capacity and acquire new customers to boost growth. (Khao Hoon, 17/8/17)
MALEE
MALEE targets 2018 revenue to reach Bt10bn. It is negotiating with 2-3 new domestic and foreign partners. It expects 2H17 earnings to be outstanding. It also plans to use heavy promotions to boost 2017 revenue by 5%. (Thun Hoon, 17/8/17)
Comment: And a share buyback announced by the group. 
PACE
PACE posted 2Q17 earnings turnaround of Bt5.31bn after transferring 33 residences of the Mahanakorn project. The remainder will be booked as revenue in 1Q18. It plans to develop Windshell at Narathiwas, with revenue to be booked in 2019. (Thun Hoon, 17/8/17)
Comment: I felt like throwing my computer against the wall when seeing how they are f***ing around with their financials. A magical profit from recognising profits on their project companies, not from the transfer of condos. Why do this? They need to boost the magical equity number so that their D/E doesn’t reflect reality.
PLAT
PLAT expects 2H17 earnings to grow, driven by high season for the hospitality business. It plans to increase the rents for Talad Neon Night Market. It believes 2017 revenue will reach a new high of Bt2bn. (Khao Hoon, 17/8/17)
SAMART
SAMART believes 2H17 earnings will turn around due to business restructuring. It expects SAMTEL’s business to grow strongly with backlog of Bt12bn. (Thun Hoon, 17/8/17)
Comment: The only thing doing well for them is SAMTEL, their order book is now at all time high’s
SAT
SAT is close to closing a deal worth Bt200mn. It is setting up a joint venture with Mubea Engineering A.G. to engage in the auto parts business. (Khao Hoon, 17/8/17)
Comment: Still the best auto manufacturer player in thailand. Only because the have slightly diversified their business mix to include agricultural equipment.
THCOM
THCOM accepts that 2017 revenue will fall 10-15%YoY due to NBN’s contract cancellation and the expiration of the contract with TOT. It expects 2H17 earnings to be better than 1H17 due to recording revenue from signing contracts in Indonesia and Laos. (Khao Hoon, 17/8/17)
  1. Geeze how low can Thaicom go? Gonna be worth less than book very soon. I’m long gone from this name except for the minor Intuch exposure but I do hope they manage to resolve this fee row with the govt, perhaps afford them free use or free equity in the next satellite?

    Makes those analysts touting 50 baht back in 2014 look a bit laughable now. I hope no one was taking those price targets seriously as even back then that PT looked like taking the Micky.

    • Since they lost K. Suphajee they’ve just returned to the useless sat company they used to be. No one is driving the business there anymore.

        • I’m guessing she wanted to become the boss of intuch given the work done at thcom, and once she didn’t receive it, she left the group to join dusit thani plc, which has since doubled.

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