AOT
AOT signals 4Q17 earnings of Bt4.69bn, driven by more passengers, especially from China. It will also gain more revenue as King Power operates commercial area in Don Muang Airport’s Terminal 1. AOT expects Suvarnabhumi Airport expansion to bring more profit. (Thun Hoon, 11/9/17)
Comment: As long as there are still problems in Korea, don’t be surprised to see more Chinese tourists continue to flow towards this part of the world. 
BIG
BIG expects 3Q17 earnings to grow, driven by higher sales. It expects stronger 4Q17 sales due to new products. It expects 2017 revenue to grow 10-15% as targeted. (Khao Hoon, 11/9/17)
Comment: I don’t think that their numbers will look good until 2018 for a YoY comp
CPF
CPF is included in DJSI for third consecutive year. It is one of 14 companies included in the group our of 111 food companies worldwide . (Khao Hoon, 11/9/17)
EARTH
EARTH has positive signal after negotiating with financial institutions. It has approved an unrelated third party to do a restructuring plan. The initial report will come out on September 18. (Khao Hoon, 11/9/17)
GFPT
GFPT expects to perform well in 2H17, driven by poultry prices of Bt40/kg. Price is expected to be higher due as competitor countries have been hit by bird flu. (Thun Hoon, 11/9/17)
Comment: This high period will chicken co’s may still last until the end of the year, but the usual story should play out as competition sees these high prices and more supply hits the market..
J
J to invest Bt42bn to buy Casa Lapin. It also plans to set a subsidiary named “Beans And Brown” to oversee the new company. It plans to expand 40 stores in Bangkok. It targets 2020 revenue of Bt360mn. (Khao Hoon, 11/9/17)
Comment: Jmart Group is doing their best to become a mini conglomerate 
SINGER
SINGER expects to turn around due to higher sales and lower NPLs. It expects 2017 revenue growth of +30%YoY due to higher sales. (Thun Hoon, 11/9/17)
Comment: Their NPL’s were pushing 11% in 2Q, I still remember a decade ago them mentioning a 7% NPL is to be expected, with the continued issues around the floods ruining this years rice harvest I’m not sure we’ll see an improvement in their numbers until late 2018.
THAI
THAI will open new route, Bangkok – Vienna on November 16 using a 777-300 ER with 348 seats (42 business seats, 306 economy seats). It will fly four times per week on Monday, Thursday, Saturday, and Sunday. (Khao Hoon, 11/9/17)

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