ANAN is launching five projects worth in total Bt21.1bn along with its JV Mitsui at Paragon on June 22. Currently, the company has Bt42.5bn worth of backlog on hand to be recognized through 2019. (Kao Hoon, 6/5/17)
Comment: A continuation of what they’ve been wanting to do for the past few years, now it will be interesting to see when the recurring income assets will kick in and how much further they will go

AOT expects to benefit from tourist numbers reaching 800,000/month after averting the zero-dollar crisis. The company reports passenger numbers in the last seven months reached 76mn, up 7.4%. Share price has reached the highest point in the last 14 years. (Thun Hoon, 6/5/17)

AP is benefiting from its Bt12bn worth of backlog and will launch a new project Life One Wireless worth Bt6.4bn in June-July. This will enable the company to reach its 2017 presales target of Bt22bn. (Thun Hoon, 6/5/17)

BAY reports it will invest in international e-commerce. It is partnering with MUFG in order to provide the entire spectrum of financial services. This is aimed at attracting Japanese manufacturers to Thailand and the Greater Mekong Sub-region, which includes Thailand, Myanmar, Laos, Cambodia, and south of China . (Thun Hoon, 6/5/17)

BJC targets revenue of Bt137bn with investment target of Bt10bn for expansion of BIGC both domestically and overseas, as well as a new glass furnace to increase capacity. The company’s plans to delist BIGC will be submitted for shareholder approval in June. (Thun Hoon, 6/5/17)
Comment: No surprises here, so we just have to wait and see if BJC can generate cash quickly enough to pay off the debt that was utilised to buy BIGC

BPP will bid for SPP-VSPP projects after Ministry of Energy announced it wants to purchase more electricity. The company is looking to acquire another 1,700 MW and studying geothermal power in Indonesia, as well as other renewable energy in Laos, Myanmar and Cambodia. The company expects more details to be finalized in the last half of this year. (Thun Hoon, 6/5/17)
Comment: It does seem to look more and more like BPP will benefit from being a government related entity and participate in acquiring/purchasing international assets

CHG expects 2H17 to be strong, supported by demand growth. The company expects 2017 to bring a new high in earnings from 60-70% growth in inpatient services. Revenue growth target is 15% this year. (Thun Hoon, 6/5/17)

GGC expects 2Q17 to be supported by the 7B biodiesel mandate, which will support volume. (Thun Hoon, 6/5/17)

IFEC’s retail investors continue to doubt Dr. Vichai’s ability to resolve the company’s problems after the company delayed its quarterly performance report twice. (Thun Hoon, 6/5/17)
Comment: Investors are a finicky group, when this stock was going through the roof and reaching 18 baht per share everyone was loving it, now that it has been revealed that the company is a PoS and couldn’t achieve anything it said (no surprise if you just did a little bit of thinking) investors are apparently doubting IFEC. Love these markets!

IVL’s share price rose above Bt40/share which will incentivize investors to convert 481mn units of IVL-W1 at a ratio 1:1 and a price of Bt36/share. The conversion period will end August 24 and raise Bt17bn for the company. (Thun Hoon, 6/5/17)
Comment: We wondered 1.5 years how ago, how on earth IVL would go above the warrant exercise price when it was trading at ~20 baht per share. Well they’ve shown you the playbook, have 50% of earnings come from revaluation of assets – non-cash – and voila you can raise THB 17 bn in cash.

LST expects 2Q17 to benefit from high season demand. 2017 revenue is expected to grow 5-10% from Bt8.3bn in 2016. The company continues to expand its client base and find new markets. (Thun Hoon, 6/5/17)

RICHY expects shareholders to take the capital increase after allocating 1 warrant per capital increase share at a price of Bt1.4/share. The subscription period is June 5-9. It plans to launch three projects with a total value of Bt2.5bn to sustain its growth. (Thun Hoon, 05/06/17)
Comment: Another one bites the dust.

SMT expects 1H17 performance to turn around from the loss in 1H16. Behind this is higher orders. It is talking with seven clients for new orders. It targets 2017 revenue to reach Bt3.4bn. (Thun Hoon, 05/06/17)
Comment: This turnaround has been signaled for the past … 12 months?

THANA maintains 2017 revenue growth at 20% with backlog of Bt2.8bn. It plans to launch THANA Habitat Pinklao – Sirinthorn valued at Bt900mn at the end of June. (Kao Hoon, 05/06/17)

TASCO expects 2Q17 earnings to hit Bt1bn fostered by numerous asphalt orders and higher selling price. (Kao Hoon, 05/06/17)

TIPCO expects 2Q17 earnings to grow from 1Q17’s Bt386mn. It expects to benefit from lower raw material price. It expects gross margin to reach 27% from high margin products and increasing utilization rate of Aura mineral water. (Thun Hoon, 05/06/17)
Comment: Hmmm, no they are making money from their holding in TASCO and whenever they stop spending money on marketing – oh they can’t b/c then malee will beat them…

TRC expects to sign the contract for a Bt31bm potash mining project and expects to book revenue of Bt6bn this year. It plans to take part in Bt5-6bn bids. It expects the winner of the Bt35bn fifth gas pipeline project to be announced soon. It expects substantial growth in 2Q17 because of no FX loss. It targets 2017 revenue to reach Bt8bn. (Thun Hoon, 05/06/17)
Comment: It seems like the deal is actually happening wooooo, 5, 10, 15, maybe 20 years in the making.

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