APCO says 4Q17 results will be better than 3Q17’s backed by increasing sales fromthe “Shop Chuay Chard” campaign. It believes 2017 revenue will reach Bt450mn and project revenue will grow by 20% in 2018. It is looking for a partner to join a joint venture for a Balancing Immunity Center(BIC), which it expects to finalize in 1Q18. (Khao Hoon, 2/12/17)
BJC signals that 4Q17 revenue will be higher than 3Q17’s Bt40.7bn from high season and “Shop Chuay Chard” campaign. It believes 2017 revenue will reach Bt137bn from a full year of revenue from BIGC. It will start up a glass bottle production line in 3Q18. (Thun Hoon, 2/12/17)
Comment: Not a huge surprise given how weak their performance was 12 months ago
BJCHI says 2018 results will be outstanding and it will bid for a new project worth Bt10bn to raise current backlog of Bt445mn. It plans to budget Bt80-90mn to renovate machinery and factories. (Khao Hoon, 2/12/17)
ERW plans to expand its HOP INN customer base to cover all customer segments, which it expects will raise revenue on an ongoing basis. It reports 11M17 room reservations at 81% and plans to open 11 hotels in Thailand and the Philippines in 2018. (Thun Hoon, 2/12/17)
Comment: Rumours have been in the market for the past few months that PTT and ERW will work together on hotels at the stations
GPSC is going to operate the 20.8 MW Ichinoseki solar farm in Japan after COD on December 15 with electricity priced at 40 yen/unit. (Thun Hoon, 2/12/17)
HARN targets revenue to grow by 7-10% to Bt1.42bn, treading the road to new highs from this year, in which it expects revenue to double and earnings to grow threefold. It plans to expand its business in Laos, Myanmar and Cambodia and to research the electrical engineering business. (Thun Hoon, 2/12/17)
STEC received a big project worth Bt7.164bn to construct clarifier and pipe wiring for the Pink and Yellow lines. This raises its current backlog to Bt107bn, which it will book as revenue for four years. (Thun Hoon, 2/12/17)
TMILL raises its 2017 revenue and earnings target, with earnings growth of more than 50% from a significant increase in sales. It believes 4Q17 will be the highest in 2017 from high season. (Khao Hoon, 2/12/17)
TSR believes 2018 revenue will grow after receiving an OEM project from PSI and Addwell and it projects revenue and production capacity will increase. It says it is negotiating with a partner in Myanmar to set up a distributor, which it expects to finalize in 2Q18. It also adjusted 2017 revenue target to be close to last year. (Khao Hoon, 2/12/17)
Comment: Looks like their issues regarding bad debts are over, but their sales and margins haven’t done well.

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