AKR
AKR will participate in government bids worth Bt2.6bn in 2H17 and expects to win Bt1bn. It aims to export solar panels to Myanmar and Laos for long-term growth. (Thun Hoon, 30/6/17)
Comment: Despite all the news this company has released, they’ve never achieved anything over the past 5 or so years

ANAN
ANAN is launching five new projects near the BTS under the campaign “ANANDA URBAN PULSE” expected to generate Bt9bn. Management is happy with the demand response. It was able to sell out the IDEO Q Victory project at the event. It confirms that demand for property in the city and near the BTS remains strong. (Thun Hoon, 30/6/17)
Comment: Management has said that they’ll be holding units back from their initial sales period because of expected price appreciation, a gamble that has been paying off for the past 12 months.

BANPU
BANPU’s CEO reports that demand for coal remains strong despite price volatility. (Thun Hoon, 30/6/17)
Comment: Right, but coal prices are still declining.

BCPG
BCPG won 9MW in military solar bids. The company targets domestic capacity of 30MW within this year. The company is also studying other forms of alternative energy. It will go ahead with three geothermal projects in Indonesia. (Thun Hoon, 30/6/17)
Comment: Management here has been very proactive in winning more projects both domestically and international, as I said when commenting on GGC the other day

BEM
BEM expects continuous growth for the next three years (2018-2020) from the Green and Blue Lines extensions, which will bring passengers to above 500,000 per day. Management expects 2Q17 to be supported by the opening of Bangsue and Tao Pun, which it believes till add 10-20% to performance YoY. (Thun Hoon, 30 /6/17)

CHG
CHG is looking to make an acquisition which it will finalize by end 2018. The company expects 3Q17 to be strong from more patient visits due to the changing weather. EEC policy and investment in more hospitals and patient beds will support long term growth. (Thun Hoon, 30/6/17

CK
CK will do a roadshow in Europe and America in hopes of attracting 10-15% more institutional investors from the current 7-8%. The company is emphasizing its strong fundamentals with backlog of over Bt100bn to be recognized over 3-4 years. Management expects 2Q17 revenue of over Bt8bn. The company also expects equity contribution of Bt600mn from associates. (Thun Hoon, 30/6/17)

EARTH
KTB is allowing EARTH to refinance or increase collateral to resolve its issues. It confirms that EARTH’s debt has not been defaulted after payment has been delayed only over a month, not 3 yet. Management is adamant it is not cutting EARTH off, but only acting according to regulations . (Thun Hoon, 30/6/17)
Comment: this is why fire-sales haven’t occured in Thailand since the ’97 crisis, banks are willing to roll over everything

INTUCH
INTUCH will acquire a 10% stake in startup fin tech “Digio”. At least 1 more payment gateway and e-wallet service provider will join the venture within this year. It is currently talking to 2-3 more partners. (Kao Hoon, 30/6/17)

IVL
IVL is reaping benefits from lower crude oil price as the feedstock paraxylene price is also dropping in tandem. Its PET plant is also returning from a turnaround in 2Q17. The HVA segment is also making a good margin. (Thun Hoon, 30/6/17)
Comment: wait a minute, 1.5 years ago IVL was suffering from the lower oil prices, how can they be benefiting now?

SQ
SQ may be able to start phase 8 of Mae Moh Mine in 4Q17, faster than expected. It is bidding for phase 9 of Mae Moh Mine worth Bt40.2bn in August. (Thun Hoon, 30/6/17)

SUPER
SUPER was able to grab six projects from EGAT’s solar drawing for government and cooperative projects worth 30MW. BCPG won two projects worth 8.94MW. GUNKUL won one project worth 1.20MW. (Kao Hoon , 30/6/17)

TRU
TRU expects 2017 performance to show a clear recovery with target revenue of Bt2.2bn, 15% YoY. It also expects to maintain margin of 16%. The company is preparing to send its car model to Singapore to test for efficiency in hopes of participating in the bidding for 1,000 ‘Transformer’ cars at the beginning of 2018. (Thun Hoon, 30/6/17)

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