AH
AH to invest Bt3.5bn in a JV with Sakthi, a major player in auto parts manufacturing. (Thun Hoon, 9/6/17)
Comment: A rather strange JV and I’m not entirely convinced by it

AIT
AIT is to sign a new contract worth Bt594mn in the next 1-2 months. The company is also anticipating other biddings worth Bt495mn for government and private sector projects with an expected success rate of 60%. It is confident revenue this year will reach Bt5bn from both new projects and work on hand worth Bt3.2bn. (Thun Hoon, 9/6/17)
Comment: A continuation of the recovery in the IT Sector, AIT is the best company but as a stock SAMTEL has performed better this year

BAFS
BAFS expects ICAO will remove the red flag in September, which will increase fuel usage to meet target growth of 4-5%. The company expects Don Muang Phase 3 to be approved by AOT within this year. (Thun Hoon, 9/6/17)

BEAUTY
BEAUTY going to China. BEAUTY has announced that it is planning to expand its business to China. (Thun Hoon, 9/6/17)

BCP
BCP admits gross refinery margin may be under pressure from production suspension at PTTEP’s S1 project. But it expects its strategy to renovate fuel stations will push sales volume up 10%. It plans to increase the number of stations by 300 within the next 2-3 years, as well as extend its reach overseas. (Thun Hoon, 9/6/17)

BTS
BTS will partner with BR to invest in the Mudman brand and open five high-end and express restaurants. (Thun Hoon, 9/6/17)

CIMBT
CIMBT will raise equity and increase capital to Bt15.14bn. The funds will support the company in meeting its mid-term targets and to become a strong mid-sized bank in ASEAN. (Thun Hoon, 9/6/17)

DRT
DRT will focus on high margin products in order to maintain its 25-27% gross profit margin. The company expects 2Q17 may be weaker than 1Q17 due to low season, but maintains its 5% growth target for the year. It also plans to receive 20% of its 2018 revenue from overseas. (Thun Hoon, 9/6/17)

EARTH
EARTH admits to having liquidity problems after being unable to sell goods as expected and defaulted on its B/E debt worth Bt90mn. The company is now in talks with the banks for a settlement. SEC expects the company to give more details within seven days. (Kao Hoon, 9/6/17)

EKH
EKH expects substantial growth in 2Q17 fostered by rising patient numbers, both IPD and OPD. It plans to open a medical center which it hopes will boost 2017 revenue growth to 8-10% as target. It expects to start construction on a 50-60 bed building in Aug. (Thun Hoon, 9/6/17)

EPG
EPG is working on an M&A that it expects to be finalized next year. It believes this will provide sustainable growth. It expects to be a beneficiary of the drop in oil price to US$46/barrel since this will lower costs. It plans to hold a roadshow in Singapore to attract foreign investors. It expects this to be concluded in 2H17. (Thun Hoon, 9/6/17)

JSP
JSP plans to launch a new project under the concept of “English townhome”, valued at Bt2.29bn. It expects this to capture demand from the below-Bt5mn segment. It targets three locations in Bangkok and outskirts. (Thun Hoon, 9/6/17)

MM
MM recently got the Au bon Pain license from ABP Corporation to open outlets in CLMV, which it expects will act as a springboard. It plans to enter into local partnerships to better capture these markets with good potential, where purchasing power is rising. (Thun Hoon, 9/6/17)
Comment: Wonderful for the company, but everything is completely priced in

SCC
SCC setting up “Add Ventures” which will use a “corporate venture capital” (CVC) platform. It expects this to increase its competitiveness as well as foster innovation. It is budgeting Bt2-3bn for this new venture over the next five years. (Thun Hoon, 9/6/17)

SUSCO
SUSCO expects 2017 sales to hit Bt20bn (5% growth) from last year’s Bt19bn. It expects sales volume to increase 8% to 1mn liters on a 14-15% growth in exports to CLMV plus growth in jet fuel. It is budgeting Bt300mn for station expansion to support revenue. (Thun Hoon, 9/6/17)
Comment: Hmmm still a B grade PTG

TSR
TSR reports outstanding sales in Apr-May 2017 from the summer and rainy season. It expects robust earnings in 2Q17 and is launching a new campaign “Pon Sabuy” (Easy Installments). It is also increasing its distribution channels with an eye to supporting its water filter business. It targets 2017 revenue to hit Bt2bn. (Thun Hoon, 9/6/17)
Comment: We shall see if this really is the case when 2Q #’s are reported

WICE
WICE expects 2Q17 performance to grow on the back of higher revenue on seasonality. It recently got a Bt60mn project from a Chinese customer. It forecasts 2017 revenue to reach Bt1.3bn, the highest in 24 years. It is talking to 2-3 prospective partners in China and Hong Kong, and expects talks to be finalized this year. (Thun Hoon, 9/6/17)
Comment: They do seem to really want to make another acquisition which is required in order for them to maintain the current valuation

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