BA expects 2016 revenue and net profit to mark a record high aided by increasing flights, opening new routes and lower oil price. It is talking to four airlines partner about code sharing and expects to expand to 25 airlines in 2017. It plans to cooperate with Bangkok Hospital to provide ambulance flights this year. (Thun Hoon, 20/06/16)
Comment: Thai Airways, Nok Air, have a look at this management team and learn how to run an airline business properly
COM7 expects 2H16 earnings to be good driven by TRUE shops and iPhone7. It expects 2016 revenue to reach Bt17bn backed by higher sales and revenue contribution from management services. (Thun Hoon, 20/06/16)
Comment: The relationship with True was a positive surprise. Iphone 7 launch in a couple of months, earnings should be rather steady for this company for the next 9 months.
EA says solar farm at Phitsanulok supplies more than 693,000units of electricity. Its capacity is 278MW. It expects 126MW wind power to operate in 3Q16. (Khao Hoon, 20/06/16)
JMT expects to show net profit in 2Q16 from 1Q16 net loss of Bt15mn after extending the booking period to 10 years for acquiring debt. It plans to acquire Bt20bn bad debt from financial institutions. It expects this to boost 2016 revenue by 15%. It plans to expand to Laos and Vietnam. It plans to offer nano-finance in Myanmar in 2017. (Thun Hoon, 20/06/16)
Comment: GL part 2? JMART as a group already has a presence there so entry into that country isn’t an issue 

OCEAN expects 2Q16 earnings to be good thanks to numerous orders. It plans to launch Goodyear products abroad. It expects this to contribute Bt60mn in revenue. It expects 2H16 performance to be good. It expects 2016 revenue growth of 20%. (Thun Hoon, 20/06/16)
PTT revised down 2016 budget from Bt50.84bn to Bt43.31bn by cutting capex for natural gas and infrastructure. (Khao Hoon, 20/06/16)
RATCH plans to take part in bids for 36MW biomass power plants for government units. (Khao Hoon, 20/06/16)
US investors interested in SAPPE shares due to its strong fundamentals. It expects a decision to be made soon. It targets 2016 revenue to grow 15% because of more customers and more exports on the weaker baht. (Thun Hoon, 20/06/16)
SF expects 2Q16 earnings to grow backed by higher rental and rental income from anchor tenants at Phetkasem and Cheang Wattana projects. It expects 2016 revenue to grow not less than 10%. (Thun Hoon, 20/06/16)
SIRI plans to launch Mori HAUS condo, valued at Bt1.6bn to local clients in August. It got presale of Bt700mn from foreign clients. It launched a Bt1.35bn Hasu HAUS. (Khao Hoon, 20/06/16)
Comment: Industry insiders are saying that the 100% presales aren’t a reality, not really a surprise. 
TCAP expects earnings to recover as loans have signs of growing. It will be affected less than big banks by the government’s “PromptPay”. It plans to expand its digital system and open full services in 2017. (Thun Hoon, 20/06/16)
Comment: Apparently kbank may be the hardest hit with this, a post to come later.
TMT expects 1H16 earnings to be more than Bt580mn compared with Bt321mn in 2015 as 1Q16 earnings were better than expected and 2Q16 continues to be good. It plans to invest via the acquisition of businesses or via joint venture to support business in the future. (Thun Hoon, 20/06/16)
TVD pay a dividend of Bt0.07/share, XD on June 29. Management believes that business is in the uptrend. (Kao Hoon, 20/06/16)
XO expects 2Q16 earnings to be outstanding and reach a new high for the full 2016. It plans to start up a new factory in 3Q16 and is ready to expand its customer base. (Thun Hoon, 20/06/16)
Comment: Seems to be rather priced in, management isn’t very talkative on their projects on filling up this new capacity. 
  1. Pon, what is your take on this latest THCOM concession drama? it seems like this latest govt is trying to milk as much out of the Intuch group as possible? Perhaps call it a Thaksin Tax on the poor Singaporeans?

      • I have the same conspiracy theory, every non-thaksin government has made Intuch and its sub’s pay far more in “fees, licenses etc etc” Granted this may be “better” for the country.

      • Jay, actions speak louder than words (and I own Thcom and Intuch). Auction delay in 2014 benefiting True and hurting AIS, Bullying AIS to buy JAS’s forfeited license. Now the concession fee hike for Thcom…

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