AOT
AOT plans to open bidding for an APM system with a project value of Bt2.89bn, offer date on Nov 28 and results announced on Dec 20, 2016. ( Kao Hoon, 06/10/16)
BANPU POWER
BANPU POWER targets raising up to Bt13.6bn from its initial public offering (IPO) later this month. (The Nation, 06/10/16)
BDMS
BDMS sets 2016 revenue target growth at 8-10% and expects BDMS Wellness Clinic to make a profit within three years. It continues to expand its hospitals in Thailand and expects to have 50 hospitals by the end of 2017. (Kao Hoon, 06/10/16)
Comment: On an accounting basis does have a negative impact for BDMS for the next few years.
 
BKD
BKD expects to get a project for BDMS to renovate Park Nai-Lert hotel, valued at Bt2bn. It expects 2017 performance to be good as it expects to book backlog of Bt700mn. (Thun Hoon, 06/10/16)
CPALL
CPALL expects 3Q16 net profit of Bt4.27bn or growth of 31% to a 9M16 net profit of Bt12.53bn. It has raised its 2016 target net profit growth to 6.7% or Bt16.77bn. (Kao Hoon, 06/10/16)
Comment: It’s no surprise here, debt payments decline, makro should start improving shortly etc etc
 
DCON
DCON expects 4Q16 to be good brought by large orders. It expects 2016 revenue to reach Bt1.1bn on the back of transfers. (Thun Hoon, 06/10/16)

GUNKUL
GUNKUL expects to finish the financing for a solar farm in Japan, capacity of 35MW. It expects to COD a 50MW wind power plant in 4Q16 and run a total of 170MW this year. It plans to bid for a 20MW solar farm in Malaysia. (Kao Hoon, 06/10/16)
ILINK
ILINK expects to get the job of laying underwater cable to Koh Samui valued at Bt3.8bn. The MOI will meet and approve within two weeks. (Kao Hoon, 06/10/16)
Comment: The underwater cable project is the last project that management has said they would achieve in the past 12 months.
 
KASET
KASET plans to launch a new product to support margin and expects full-year sales to be better than the Bt1.1bn in 2015. It plans to expand abroad and expects to cover 90 countries. It plans to expand to AEC and expects revenue of more than Bt500mn each year. (Kao Hoon, 06/10/16)
KBANK
KBANK is preparing a roadshow abroad after finishing its 2017 business plan. It is confident that 2016 loans will grow 6-7% and it maintains its NPL target at not over 190%. (Kao Hoon, 06/10/16)
LIT
LIT plans to do picofinance, with loans of not over Bt50,000 per customer and interest rate not over 36% per year. It expects 2016 loan growth of 30% to reach Bt1.6bn supported by government loans. It is working on its 2017 business plan which will maintain NPLs at low level. (Kao Hoon, 06/10/16)
Comment: Isn’t 36% per year just absolutely ripping people off? Just have to love the businesses that do well…
 
NCH
NCH expects 4Q16 performance to be good on seasonality. It expects 2016 revenue to reach Bt2bn and plans to launch two projects. It expects this to push up its backlog from Bt500mn and cover revenue till the end of this year. It is talking to a prospective partner abroad and this will provide more revenue. (Thun Hoon, 06/10/16)
PPP
PPP targets to have 60MW power plants within three years. It plans to do a takeover and JV for PPA bids. It is talking to prospective partners both at home and abroad in order to invest in power plants, expects some clarification in 4Q16. It expects 2016 revenue to grow 10% on the back of public projects. (Thun Hoon, 06/10/16)
PRIN
PRIN prepares to open a new townhome project for presales under concept Oxygen Community on Oct 8-9, starting price Bt1.99mn. It expects this event to support 4Q16 sales growth. (Kao Hoon, 06/10/16)
QLT
QLT plans to ask approval from its board to invest in new business with capital investment of Bt40mn, expects this to reduce risk from slowdowns in existing businesses. It expects to set a subsidiary in Myanmar, with a decision to be made within 4Q16. Its backlog is Bt450mn, of which It will book Bt150mn. (Thun Hoon, 06/10/16)
S
S is studying to acquire hotels at home and abroad, at a price of Bt3bn/hotel. It has completed deal to do a JV with a hotel in the U.K with capital investment of £1.6mn. It plans to ask approval from its board for a 2017 investment budget of Bt10bn in order to buy other hotels. It plans to set up a REIT, valued at not less than Bt10bn, after 2017. (Thun Hoon, 06/10/16)
Comment: We are just waiting to see when S will do a recap of its equity given the rather ambitious plans that it has
SUPER
SUPER plans to expand into the power plant business in Thailand and abroad and expects to COD more than 1,000MW this year and 2,000MW in 2017. It expects growth in revenue and profit to double. It has invested in 12 government solar farm projects with a total capacity of 48.2MW for more than Bt1.2bn. (Kao Hoon, 06/10/16)

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