AOT
AOT expects passenger growth of 16% to 3.98mn passengers between Apr 8–18. (Khao Hoon, 07/04/16)
BCP
BCP cuts E&P long-term investment budget of Bt3-4bn (2015-2020). It will use the funds to invest in green power plant instead. (Khao Hoon, 07/04/16)
BEM
BEM plans to start running the Purple Line and Srirat-Orr in August 2016. It plans to issue debenture of Bt48bn to restructure debt. (Thun Hoon, 07/04/16)
Comment: And now the financial restructuring begins, if you forgot the main reason for CK deciding to merge BMCL and BECL is to ensure that they can use BECL’s balance sheet to finance BMCL’s expansion
BSBM
BSBM expects 2016 revenue will grow supported by rising world steel price and government projects to support demand. It plans to launch a new product. (Thun Hoon, 07/04/16)
CHO
CHO collaborating with SAP-NETIZEN to install SAP Business Design software. It has budgeted Bt10mn for this purpose. It expects to upgrade to offer one-stop services. (Khao Hoon, 07/04/16)

DTAC
DTAC plans to up its 4G customer target from 4.5mn after it launching a new promotion. It says postpaid customers are growing and expects these to rise to 100,000 in 1Q16. (Khao Hoon, 07/04/16)
Comment: Channel checks show that DTAC is offering huge discounts to maintain their customer and attract new ones
FSMART
FSMART maintains its prepaid target at Bt21mn. It expects to install 90,000 online top-up machines in 2016. (Thun Hoon, 07/04/16)
Comment: Still a cashflow machine
GENCO
GENCO plans to take over 10MW biomass power plant which is already running and will immediately contribute profit. It is confident the waste industry will support earnings. (Thun Hoon, 07/04/16) GPSC GPSC doing due diligence for geothermal energy project in Indonesia. It interested in investing in Laos and Myanmar. (Khao Hoon, 07/04/16)
IFEC
IFEC expects to book extra gain from Dara Dhevi hotel debt restructure of Bt600-700mn in 2Q16. (Khao Hoon, 07/04/16)
Comment: That’s one way to show a profit
JAS
JAS confirms that it will buy back its shares at Bt5. It said the failure of the BBL deal was due to its condition that it have a private guarantee. The partner willing to invest Bt30bn did not come not in time. It will focus on its broadband business. (Khao Hoon, 07/04/16)
Comment: Well he loses THB 600 mn of shareholder $ so instead spend of JAS’s funds to do a sharebuyback and increase capital by a couple billion. Oh why not
LPN
LPN expects 2Q16 earnings continue to grow. It sets presale and transfer targets at Bt5bn supported by government projects. It plans to launch 3-4 new projects worth Bt3-4bn. (Khao Hoon, 07/04/16)
Comment: So we’ll see most property companies deliver decent 1Q and potentially 2Q numbers, so how bad will 3Q #’s be?
MCS
MCS expects profit of Bt750mn in 2016 supported by the appreciation of the yen. It expects good revenue from more steel orders. It has budgeted Bt300mn to buy factory and land in Japan from its partner. (Khao Hoon, 07/04/16)
Comment: Effectively expect THB 750 mn in profit for the next 4 years
 
RPC
RPC will get Bt390mn from PTT with interest at 7.5% per year with regards to the condensate agreement. (Khao Hoon, 07/04/16)
Comment: If you go back far enough in the company’s history you’ll see the only reason they have gone bankrupt or under restructuring is because PTT decided to stop supplying RPC the raw material necessary for their refinery to operate.
 
SCC
SCC expects good earnings in 1Q16 supported by low oil price and high petrochemical spread. The government project will support cement demand in 2H16. It plans to open a cement factory in Indonesia to support its capacity. (Thun Hoon, 07/04/16)
TICON
Foreign investor is negotiating to buy land from TICON and expects to conclude in 2H16. The company expects 2016 revenue will be over Bt5bn, supported by rent and sales revenue. It has budgeted Bt4bn to support its business. It plans to sell warehouses to an REIT. (Thun Hoon, 07/04/16)

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