AKR
AKR expects performance to be good on the back of a Bt400mn EGAT project and Bt157mn MEA project. It plans to take part in upcoming bids and government unit solar farm phase 2. It plans distribute solar cells for warehouses with a value of Bt2bn. It expects 2017 revenue to grow 50%. (Thun Hoon, 15/03/17)
Comment: Well a low base in 2016 naturally does help make things look good for 2017. Still never cared much for this company.
 
ALT
ALT expects 2017 revenue growth of 10% brought by expansion of operator networks. It plans to do system test for fiber optic network which will contribute revenue in 3Q17. (Kao Hoon, 15/03/17)
Comment: There could be something interesting here. A bit more homework is required.
 
AMATA
AMATA signed MoU with MOE to develop Amata Nakorn IE as a model for the “Smart City” project as outlined in the Energy 4.0 policy. (Kao Hoon, 15/03/17)
BEAUTY
BEAUTY expects 1Q17 performance to be good backed by its marketing campaign. It expects 2017 revenue growth of 20%, a record high. It plans to expand its market at home and abroad. It expects to be a regional brand with sales across Asia. It is budgeting Bt160mn for its business expansion. (Kao Hoon, 15/03/17)
CGH
CGH expects a solid 1Q17 performance backed by profit from associated companies. It expects performance to continue to grow this year from outstanding growth of PDI. It is waiting for board to acquire a hotel abroad. (Thun Hoon, 15/03/17)
CHO
CHO plans to take part in the BMTA’s e-ticket project valued at Bt1.7bn which is expected to put up for bid on Apr 5. It targets 2017 revenue to grow 10%. Its backlog is Bt686mn and expects to book all backlog this year. (Kao Hoon, 15/03/17)
CNT
CNT’s backlog is Bt9.2bn of which 60% is expected to be booked this year. It plans to take part in upcoming bids, of which it expects to get Bt10bn. It is talking to a party about taking part in overseas projects, focusing on CLMV. (Thun Hoon, 15/03/17)
Comment: With these infrastructure projects I wouldn’t be surprised to see CNT’s backlog continually increase and their margins improve as the industry because far less competitive, the only question is when. 

 
CRANE
CRANE expects 1H17 performance to be better than 2H16 because of higher demand. It targets 2017 revenue growth of 30% to be fostered by a construction boom. (Thun Hoon, 15/03/17)
Comment: The company does feel cheap at the moment, but what happened w/ their last two years of performance?
 
FORTH
FORTH got EGAT and BMA projects with total value of Bt481.36mn which raised its work on hand. (Thun Hoon, 15/03/17)
GFPT
GFPT expects 1Q17 sales to be better than last year aided by exports. It expects 2017 revenue to grow 5-10%. It is budgeting Bt1bn to increase its broiler output to 2-2.5 tons/day. (Thun Hoon, 15/ 03/17)
Comment: No surprises for the best managed chicken co
 
LOXLEY
LOXLEY targets 2017 revenue growth of 10-15% with better net margin. Its backlog is Bt8.5bn, of which 80% is expected to be recognized this year. It plans to take part in Bt11.5bn bids and hopes to get 60% of its bids. (Kao Hoon, 15/03/17)
M
M targets 2017 revenue growth of 7-9% from economic recovery. It has budgeted Bt400-500mn to open 40 branches. (Kao Hoon, 15/03/17)
PTTGC
PTTGC targets 2017 revenue growth of 25% on the back of uptrend in oil price, increasing olefins capacity, higher refinery output and extra gain from MAX project (Bt3bn). (Thun Hoon, 15/03/17)
SE
SE expects 2017 revenue to grow not less than 10%. It plans to open an engineering service center that will boost margin and add Bt40mn sales this year. It expects 2018 performance to double. Its backlog is Bt60mn, which it expects to book in 1H17. (Thun Hoon, 15/03/17)
TVD
TVD expects 2017 revenue to reach Bt3.99bn brought by food supplements and cosmetics. It expects net margin to reach 3%. It plans to cooperate with Tri-Stage within 3Q17. (Kao Hoon, 15/03/17)
Comment: I still think there are too many cooks in the kitchen for this one. 
  1. In my 7 years of investing in Thailand, I’ve never seen a share hit its ceiling limit and then tank to hit its floor limit in a single day. GL today from 29 down to 16, what a ride. Pon, any reason for tHe late afternoon selling spree? More rumours?

    Xavi

    • It does beg the question, if these 2 families have enough collateral then why not borrow from mainstream banks? Rates would be half if not less.

      • It’s been a remarkable 1.5 weeks watching GL’s stock price movement, press conference, new releases.

        Yes that’s a valid question, why pay 15-18% as a Japanese firm (as at least 1 of the borrowers seem to be) when you can borrow at 2% back home? Chuck on some USD hedging and perhaps its a 3% p.a. cost of funds.

        As of now it does look like the heavy selling/trading of GL has finished.

      • That what everyone said about JAS at 3 baht and look what happened…a few positive earnings reports and a buyback announcement and you could easily see the price double even triple in this fickle market.

        • One important point people are missing is that GL needs to pump up their stock price to encourage J-Trust to exercise their warrants at 40 baht which at today’s value makes up nearly 10% of their market cap.

          Will be interesting to see how they manage this. But as with JAS I’m along for the ride on this one.

  2. This GL trade has been very lucrative if you follow the formula of buy on fact rather than sell on rumour. I’m hoping to ride this one back up to the mid 30s.

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