BJCHI
Expects to get project in Brazil worth Bt4-5bn in May. 1Q15 earnings will be released in this week. (Khao Hoon, 11/05/15)
Comment: Even though oil prices have dropped, it hasn’t appeared to hurt BJCHI at all just yet.

FSMART
1Q15 earnings surged 83%YoY to Bt57mn with total revenue of Bt361mn. Management says “Boon-term” machines are growing more than expected, rising to 47,392 machines in 1Q15 from 34,996 in 1Q14. Boon-term machines provide many services that boost revenue, so it has raised its target top up to Bt15bn in this year. The firm continues to look for other channels to build revenue. (Thun Hoon, 11/05/15)
Comment: Still an amazing business model, valuations are getting a bit rich now.

INTUCH
1Q15 earnings will be released today. Profit is expected to reach Bt4.2bn, 6%YoY growth, backed by greater profit at THCOM and ADVANC. (Khao Hoon, 11/05/15)

MINT
Says 1Q15 earnings outperformed on a gradual growth in tourism. The firm says the hotel business will show growth of at least 15%, with double-digit growth in the food and beverage business. (Thun Hoon, 11/05/15)
Comment: And people still for some reason consider this a Thai play on tourism when in fact its a global play with more than 50% of EBITDA overseas

MLINK
Expects to turn around this year although 1Q15 earnings may be affected by stock loss. The firm says 2015 earnings will positive because of its investment in many businesses. It will sign contracts to buy waste in order to run its 8MW power plant. It will book revenue from MLINK QIR, a Bt500mn project in Vietnam, in 2Q15. (ASTV, 11/05/15)

NMG
1Q15 earnings are stable. Profit after tax grew 14%YoY to Bt12mn. The CEO says ad revenue is recovering steadily. The firm plans to increase its investment in new TV content and corporate activities in order to improve its potential through its two new studios, The Coast and NOW@Siam. (Bangkokbiznews, 11/05/15)

PTTGC
1Q15 earnings turn to positive at Bt5.631bn due to higher gross margin for its aromatics business. The price of HDPE stood above US$1,100/ton. (Khao Hoon, 11/05/15)

RATCH
Hongsa power plant ready to run. It will have total capacity of 1,878MW with three units. Unit 1 had to stop its test run due to an accident on May 8 and Unit 2 will take three days to solve a license problem. (ASTV, 11/05/15)

SPA
Plans JV to invest in CLMV and is ready to sell franchises. It targets 50% growth in revenue after 1Q15 earnings jumped and 2Q is high season. It plans to take over three spas. At the end of this year, it expects the number of branches to achieve its target. (Thun Hoon, 11/05/15)

SUPER
Ministry of Energy approves purchase of electricity from its power plant. SUPER will be allowed to sell 70MW of electricity from its solar power plant and PSTC will allow selling 1MW and 0.99MW from its solar power plant and biomass power plant. (Khao Hoon, 11/05/15)

Comment: And the upside is confirmed for SUPER

TGPRO
Plans to set up subsidiary to invest in alternative energy, solar power plant and solar roof, with capacity 20MW. It has hired a company to test wind energy because it also plans to invest in a 9MW wind power plant. The firm is interested in a JV to handle the alternative energy business. 1Q15 earnings will be released soon. Earnings in 2Q15 will continue to trend up due to high season. 2015 revenue is expected to rise at least 30%. (Thun Hoon, 11/05/15)

TSR
Sales are expected to grow to Bt1.5bn this year. It plans to expand its market share into the suburbs. The most recent branch is its Khon Kaen branch. It plans to launch marketing activities to boost its sales. It is working to continually expand its brand “SAFE”. (Khao Hoon, 11/05/15)

TVT
Traded above IPO price at Bt2 on the first trading day, opening at Bt3.1 (+55%). The firm plans to use the Bt400mn from its IPO to produce television programs, invest in movie production and use as working capital. (Thun Hoon, 11/05/15)

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