BKD expects 2015 revenue to grow 40% backed by Bt2bn in backlog. It plans to bid for more public and private projects to raise its growth. (Khao Hoon, 04/11/15)

DNA expects 2016 revenue to turn around after it has completed restructuring with a focus on alternative energy. It expects to invest in four waste power plants which are expected to be concluded by 4Q15. It expects water management business to contribute revenue in 2Q16. It plans to invest in one more water management project, expecting to make a final decision soon. (Thun Hoon, 04/11/15)
Comment: These are interesting projects that DNA has put together, quite a strange move by a company that is supposedly involved in resorts and music distribution.

EA expects 3Q15 earnings of Bt638mn (71% growth) aided by alternative energy business. 9M15 net profit is expected to be Bt1.9bn. (Khao Hoon, 04/11/15)
Comment: The story remains the same for EA, get all of its plants up and running.

IFS expects 2016 revenue to grow 15-20% backed by public investment (MRT and high speed trains). It expects SME loans to grow. (Thun Hoon, 04/11/15)
Comment: They do have a very interesting business here and up until this year have been growing quite consistently over the past 7 years.

IRPC expects 4Q15 earnings to recover on seasonally high demand. It expects 2015 net profit to be not lower than Bt10bn because of the 3,900% growth in 3Q15 earnings. It expects to book Bt4bn from the UHV project which is expected to start up by the end of this year. (Thun Hoon, 04/11/15)

KCE targets 2019 revenue of Bt20bn on the back of a new 3.75mn sqft plant. It needs two years to consider investing in an old plant in Ladkrabang. It revised down 2015 revenue growth from 15-18% to 10% with net profit at a record high. (Khao Hoon, 04/11/15)
Comment: The story is very straight forward for KCE, capacity expansion and margin improvement, management is still very confident that they are able to acquire the orders necessary to fill up existing capacity and they very well may shift to a new business line/product in the next 1-2 years.

KTB expects corporate loan growth to achieve target of 3-4% because it plans to lend to two companies at the end of this year. It plans to focus on investment banking, expecting this to comprise 40% of total revenue by 2018. (Thun Hoon, 04/11/15)

MACO expects 3Q15 earnings to rise 74% on the back of high demand for ad media and strong revenue from VGI. It expects ad media business to be good in 4Q15. It plans to increase ad area to 100,000sqm. (Thun Hoon, 04/11/15)

MINT expects 4Q15 earnings to be good backed by Bt1.2bn revenue from property in Phuket. It expects 3Q15 earnings to grow 51% to Bt820mn. (Khao Hoon, 04/11/15)

NCH’s backlog is Bt800-1000mn, of which 50% is expected to be transferred this year. It expects sales to increase backed by property incentives because it has Bt1-2mnm projects the quality, equal to more than 50% of projects on hand. It expects 3Q15 revenue of Bt2.2bn. (Thun Hoon, 04/11/15)

OCEAN says it has numerous orders from Vietnam and Saudi Arabia. It targets exports to comprise 40% within 3-5 years. It expects 2016 revenue to be good. It has already abandoned the idea to invest in alternative energy because of rate of return was not attractive. (Thun Hoon, 04/11/15)

RML shares are of interest to Japanese investors. It targets 2015 revenue of Bt6bn with backlog of Bt17bn. It expects Bt3bn transfers for Unixx Pattaya Condo in 4Q15. (Khao Hoon, 04/11/15)
Comment: The problem for RML is that their backlog won’t match the highs seen in 2011/2012 .

S expects a positive net profit in 2016 aided by whole year extra gain from 26 Mercure hotels. It has budgeted to acquire more assets. It expects revenue to achieve Bt30bn within five years. It is talking to acquire one hotel in the south of Thailand, which is expected to be finalized this year. (Thun Hoon, 04/11/15)
Comment: Retail is loving this name with news coming out constantly re acquisitions, new projects etc etc.

STPI plans to take part in the Bt250bn projects up for bid. It expects to be awarded five projects valued at Bt50-60bn. It expects this to provide revenue for the next four years. It expects 3Q15 earnings to be good leading to a record high 2015 net profit. (Thun Hoon, 04/11/15)

TRC has increased its stake in APMC from 4.18% to 14.06% at a cost of Bt355mn. It expects to get the Bt30bn contract for construction of the potash mine. (Khao Hoon, 04/11/15)

TVO expects net profit to be a three-year high from 2013’s Bt1.77bn backed by strong growth. It expects to report 3Q15 earnings on Nov 11, and they should be better than last year. It expects 2015 revenue of Bt26bn (6-8% growth). It plans to expand to Laos and Cambodia. (Thun Hoon, 04/11/15)

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