AOT
AOT expects no impact from the land rental issue with the Treasury Department of the rental payment of Bt1bn/year for Suvarnabhumi and Bt1.2bn/year for the other five airports. It expects to pay the rent by March using retained earnings. (Kao Hoon, 16/03/17)
Comment: I was wondering how BAFS would perform with the new airport expansion, but it looks like the majority of the earnings growth will be from the Don Muaeng airport & not from AOT’s second phase 
BA
BA expects a good load factor in 1Q17. It expects 2017 revenue to grow 10%, aligning with 12% passenger growth. It plans to increase the number of domestic flights and flights to Myanmar, Vietnam and China. It is budgeting Bt2bn. It will take delivery of five aircraft. It expects no impact from oil price because of its hedging. (Thun Hoon, 16/03/17)
BIZ
BIZ is talking to a hospital in Cambodia about setting up a Radiation Therapy center. It expects a conclusion this year. This will support its performance. It plans to set up a cancer center within 3-5 years. It expects to get orders from both private and public hospitals. (Thun Hoon, 16/03/17)
CPF
CPF targets export of 70,000 tons of broiler and swine to EU, valued at Bt10bn. It has just exported 23,000kg of broilers to Germany after it passed Germany’s quality standards. It is the first Thai company – and the first not in the EU – able to export to Germany. (Kao Hoon, 16/03/17)
GLOW
GLOW plans to invest in power plants in Myanmar and Vietnam, with a decision this year. It plans to take part in 568MW SPP Hybrid firm and VSPP semi-firm to boost its capacity. (Thun Hoon, 16/03/17)

ILINK
ILINK expects 2017 net profit to reach Bt308mn, up 40%. Its backlog is Bt1.5bn, of which 50% is expected to be booked in this year. (Kao Hoon, 16/03/17)
Comment: ILINK has had to face multiple delays from the government. 
 
JMT
JMT targets acquiring Bt7bn in bad debt in 1Q17, with a 2017 target of Bt30bn. It expects 2017 revenue to grow 15-20%. It expects its debt portfolio to reach Bt130bn. It plans to make a decision about two acquisitions in 2Q17, which it estimates will cost Bt300mn each. (Thun Hoon, 16/03/17)
Comment: It is a ridiculous amount of debt that JMT has been able to purchase. Note from the news when it states that debt portfolio is 130bn, JMT will most likely have paid only 5-10% of this. And they don’t necessarily need to collect the full notional value only more than they paid for it. 
PLAT
PLAT is talking to prospective partner overseas to invest in a shopping mall, which will contribute revenue from abroad. It expects a conclusion in 4Q17. It expects to increase rental rate for Platinum by 3-5% this year. It expects 2017 revenue to reach Bt2bn on more revenue from its leasable area and the hotel business. (Thun Hoon, 16/03/17)
RJH
RJH expects 1Q17 performance to be better QoQ. It expects 2017 revenue growth of 10-15%. It plans to become a full-service operator. It is budgeting Bt60-700mn to invest in a nine-storey building and MRI project. (Thun Hoon, 16/03/17)
SC
SC expects 1Q17 performance to be good on the back of transfers from its Bt7bn backlog. Its four new projects have presales of Bt11bn, meeting its target. It expects 2017 presales to reach Bt16bn. It plans to launch 17 projects. (Thun Hoon, 16/03/17)
SQ
SQ reported 2016 substantial growth net profit of Bt324mn, up 264% YoY. It plans to take part in a Mae Moh bid worth Bt30bn. Its existing backlog has reached a record high of Bt39bn. (Thun Hoon, 16/03/17)
SUPER
SUPER plans to set up an infrastructure fund phase 1 with a value of Bt10-12n in 2H17. It expects revenue of Bt9-10bn. Its board approved to transfers reserve and share premium to wipe out retained losses of Bt762.78mn. (Kao Hoon, 16/03/17)
Comment: It looks like they won’t be able to exercise those warrants. 
 
SVI
SVI targets 2017 sales growth of 20-25% to US$380-400mn. It plans to focus on new products for clean energy, auto sector, and medical appliances. It plans to expand abroad, focusing on Japan and Europe. (Thun Hoon, 16/03/17)
TMT
TMT targets 2017 revenue growth of 10% from higher volume. It is budgeting Bt200-300mn to increase its capacity, invest in a warehouse, and buy machines. (Thun Hoon, 16/0 3/17)
TNP
TNP plans to open its new warehouse in 2Q17, boosting sales. It expects 1Q17 performance to be good on new stores. It targets 2017 revenue growth of 10-15% on the back of four new stores. It expects to have 19 stores at the end of this year. ( Thun Hoon, 16/03/17)
TSR
TSR targets 2017 revenue of Bt2bn with NPLs below 4%. It plans to open five more stores to add to the existing 20 stores. It expects electric appliances to contribute 15% of revenue. It expects personal loan business to start in April. It targets 2017 loans of Bt30-40mn. It plans to expand to 10 countries in AEC after it achieved good sales in Laos. (Thun Hoon, 16/03/17
Comment: 2016 #’s were weak because of the NPLs of the 1 new product that they had launched. At opp day they mentioned that NPLs will continue to decline. Revenue guidance looks rather unimpressive. 

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