AGE
AGE has orders of more than 300K tons from China. It expects export portion to rise to over 20%. It plans to increase coal sales to 200K tons, with service revenue rising to Bt300mn. (Thun Hoon, 08/09/16)
ANAN
ANAN expects 2H16 earnings to be better than first half supported by backlog of Bt38.5bn, of which more than Bt8.39bn will be booked in 2H16. It plans to open eight new projects with a total value of Bt19bn. It reports presales of Bt10.3bn in the first eight months of the year. (Kao Hoon, 08/09/16)
Comment: Next year is supposedly their “harvest” year as they call it.
 
BANPU
BANPU got funds of Bt5bn from the conversion of 993mn units of BANPU-W3. It will set the rights ratio and offer price for the BPP IPO on Sep 26. (Kao Hoon, 08/09/16)
BM
BM cuts 2016 target revenue growth to 10% from 20% in response to the economic slowdown. It is talking with a party in Myanmar to set up a factory. (Kao Hoon, 08/09/16)
CHOW
CHOW expects to start commercial operations of a 5MW power plant in Japan, which will push 2016 capacity up to reach 28.5MW. It plans to invest in a solar farm in the Philippines. It expects a profit in 2016 thanks to growth in steel sales. It is confident that revenue will reach its target of Bt4bn and targets a doubling in steel sales to 140k tons. (Thun Hoon, 08/09/16)
COM7
COM7 expects 2H16 earnings to grow. It expects 4Q16 sales to be good due to high season and the launch of iPhone 7. It expects 2016 sales to be over Bt17bn. (Kao Hoon, 08/09/16)
Comment: Well it had the little pop and now along with the rest of the market it’s falling.
 
GL
Group Lease strengthens ties with Sri Lankan financial group – SET-listed microfinance company Group Lease (GL) plans to collaborate further with Commercial Credit & Finance, a Sri Lankan financial group, to strengthen its microfinance businesses in Indonesia and Cambodia after GL acquired a microfinance company in Myanmar from a Commercial Credit shareholder. (The Nation, 08/09/16)
Comment: So they have Thailand, Indonesia, Laos, Cambodia, and Myanmar. 

 
IHL
IHL expects auto market recovery in 2H16 leading to growth in leather pads. It will control costs to support margin. In 4Q16, it expects to get revenue of Bt10-20mn per month from producing protein from animal skins. It expects revenue of Bt200mn per year. (Thun Hoon, 08/09/16)
IVL
IVL expects 3Q16 net profit of Bt2.7bn or growth of 400% YoY, backed by more orders. This will lift net profit for 9M16 to over Bt12bn. (Kao Hoon, 08/09/16)
Comment: Without forgetting that half of 1H16’s profits came from “revaluation of asset’s purchased”
 
KTIS
KTIS expects 4Q16 earnings will be peak supported by a surge in sugar price and booking revenue from the sale of electricity. It maintains its target 2016 profit at Bt729mn. (Thun Hoon, 08/09/16)
Comment: I am curious if the recent announcement by the government to allow more sugar licenses will lead to these larger local players consolidating more and more of the industry.
 
PDG
PDG has budgeted Bt100mn to increase capacity by 20% from current level of 60mn bottles per month. It expects 3Q16 and 2H16 earnings to be good supported by more orders. It is confident that 2016 profit will be a new high. It plans to expand abroad. (Thun Hoon, 08/09/16)
SST
SST expects 2016 earnings to turn to positive from loss of Bt63.99mn in 2015. It reported a lower loss of Bt5.81mn in the first half due to better management. It plans to list a subsidiary on mai in 1H17. (Thun Hoon, 08/09/16)
Comment: That Mudman sub has to be listed otherwise it’s
TFG
TFG is confident that 2H16 earnings will continue to grow supported by poultry and swine price uptrend. It expects 2016 revenue to record a new high of Bt20bn from businesses at home and abroad. It targets 2017 revenue growth of 10-20% and will clear its accumulated loss of Bt580mn this year. (Kao Hoon, 08/09/16 )
TM
TM expects 2H16 earnings growth, supported by a business uptrend that will lift 2016 revenue to Bt600mn. It has budgeted Bt100mn to build a new office and showroom. (Kao Hoon, 08/09/16)
Comment: Well thats nice, use the IPO proceeds to build a new office. Still I am curious about this company, the business model does sound interesting. 
 
TRC
TRC sure of pulling off mining project – TRC Construction Plc (TRC), a listed and small-sized contractor, expects to sign a Bt34-billion contract for a mineral processing plant and facilities at the ASEAN potash-mining project in Chaiyaphum by the end of this year, its chief executive officer Pasit Leesakul said. (The Nation, 08/09/16)
TWPC
TWPC plans to take over businesses in Cambodia and Vietnam and plans to set up its first factory abroad; it will finalize the plans in October. It expects 3Q16 earnings to be good due to new capacity and more orders. It expects 2016 revenue of more Bt3-4bn. It plans to request PPA for a 15MW power plant. (Thun Ho on, 08/09/16)
TWZ
TWZ has budgeted Bt300mn for a subsidiary to buy 80% shares of Master Cool and a service company. It plans to do a 5MW solar power plant in Saraburi, with commercial operations expected in 1Q17. It expects revenue from the sale of electricity of Bt30-40mn per year. (Kao Hoon, 08/09/16)
  1. Those wishing to explore the mechanics of the “bull trap” will find them discussed, oddly enough, in The Financier by Theodore Dreiser.

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