BCPG
BCPG expects to complete A 50MW wind power plant in the Philippines in 1Q17 and expects to book profit sharing immediately. It showed a solid balance sheet with lower D/E ratio of 0.9X. It expects 2017 EBITDA to grow 20%. It is talking to a prospective partner to take part in a solar farm for a government unit and SPP hybrid project. (Kao Hoon, 09/03/17)
BM
BM targets 2017 revenue growth of 20%. It is budgeting Bt1bn to set up a second plant that will increase capacity by 30%. It expects to complete negotiations with a Japanese partner about selling capital increase shares within 2Q17. (Kao Hoon, 09/03/17)
CPN
CPN targets 2017 revenue growth of 6-8%. It is budgeting Bt15-17bn to open three stores and for renovations. It plans to construct its first mall in Malaysia, with a goal of opening this in 2018. (Kao Hoon, 09/03/17)
Comment: And we are going to have another mall at Rama IV  from Central. 
 
FPI
FPI got a Bt300mn project which it expects to deliver in 3Q17. It plans to expand into Europe and U.S. where margins will be higher. It expects 1Q17 performance to be good. It targets 2017 revenue to grow 10% with 40% growth of OEM which contributed revenue of Bt450mn. (Thun Hoon, 09/03/17)
FSMART
FSMART expects 1Q17 performance to be good after setting up 4,000 Boon-term top-up machines in the first two months of the year, giving it a total of 96,000 machines. It expects this to bring contribution from top-ups to Bt30bn. (Thun Hoon, 09/03/17)
Comment: I didn’t realise but they do bank transfers via their top-up machines as well. 

KOOL
KOOL plans to expand both at home and abroad this year by doubling retail distribution channels. It plans for its new model of mobile air cooler to be a key driver to push up 2017 sales by 40%. (Thun Hoon, 09/03/17)
Comment: This single product company still continues to be making strong moves. They’ll most likely argue that it’s now the hot season so their sales will do well. I still don’t understand why their product is so popular…
LANNA
LANNA targets 2017 coal sales of 6mn tons. It expects coal price to average US$70-80/ton. It has already entered into forward contracts for 50% of its sales in 1H17. It sees high demand for coal, especially in China and India. It is studying investing in its third coal mine in Indonesia, with capital requirements of US$40-50mn. (Thun Hoon, 09/03/17)
MEGA
MEGA expects 2017 revenue to grow 5-10% on higher orders for food supplements, both at home and abroad. It is budgeting Bt600mn to build a new plant and for R&D. It plans to launch new products with MALEE in 2H17. (Thun Hoon, 09/03/17)
PAP
PAP expects 1Q17 to be good. It expects 2017 revenue growth of 15%. It expects steel sales to grow 10%. It is budgeting Bt200mn for production efficiency improvement. (Kao Hoon, 09/03/17)
PIMO
PIMO expects 1Q17 to be good after it getting numerous orders in the first two months of the year. It targets 2017 revenue growth of 20% with backlog doubling. It plans to move its plants, which will contribute revenue of Bt200mn. (Thun Hoon, 09/03/17)
SENA
SENA targets 2017 revenue growth of 20% with Bt4bn backlog. It plans to launch 10 projects worth Bt12bn. It plans to launch the first condo, worth Bt4bn, with Hankyu Reality at the end of this year. It expects this to push up its 2017 presales growth by 20%. (Kao Hoon, 09/03/17)
SPA
SPA plans to expand abroad especially to CLMV where tourism is good. It expects a good response to SPA in China. It expects to announce a new Chinese partner in 2Q17. It is budgeting Bt250mn to add 10 branches at home. (Thun Hoon, 09/03/17)
WAVE
WAVE targets 2017 revenue to grow 20% to Bt3bn backed by all business units. It has no plan to sell its 10% stake in TSE despite interest by institutional investors. Its board approved the issue of 42.12mn units of WAVE-W1 to boost share liquidity. (Kao Hoon, 09/03/17)
WICE
WICE expects 2016 revenue growth of 30% on the back of large orders and full year revenue contribution from Sun Express. It expects to focus on air freight, which it believes will increase 2017 net margin to 9%. (Kao Hoon, 09/03/17)
WIIK
WIIK targets 2017 revenue to grow 20% supported by large orders from EEC (Eastern Economic Corridor). It expects to sign a Bt300mn contract with PWA soon. It plans to take part in Bt1bn bids. It plans to expand its market to underwater pipelines where margin is higher at 3040%. It is talking to a prospective partner to take part in tap water production projects. It plans to expand abroad. (Thun Hoon, 09/03/17)
  1. What a few days for GL. I had a read of the financials and the bigger issue for me is why they overpaid for the Sri Lankan lender rather than the Cambodian loans via Singapore.

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