A targets 2016 revenue of Bt7bn compared to 2015’s Bt5.43bn thanks to large orders. It plans to launch Bt20bn projects, raising backlog from Bt2bn and covering revenue through 4Q16. It is budgeting Bt600mn to buy land for new projects. (Thun Hoon, 01/04/16)
Comment: This relatively small property developer has been on my radar ever since I met the owner years ago, they have this potentially huge project on Rajadamri that they’ve been planning to develop for years
BR expects 2016 net profit to be better than 2015’s Bt550mn. It targets revenue to grow 10-15%. It has budgeted Bt1.2bn to invest in slaughterhouse, ready-to-eat food production, and farm expansion. It expects its association plan with Indonesian investors to be concluded in 2Q16. (Khao Hoon, 01/04/16)
Comment: It does seem to be a recovery year for every food related company, chicken, pork, tuna you name it.
BTS is budgeting Bt100bn to take part in MRT bids (Yellow and Pink lines). It has budgeted Bt750mn to purchase shares from Line Biz Plus via its subsidiary (RabbitPay). It expects this to be completed by Apr 25. It expects this to support electronic and online payment. (Thun Hoon, 01/04/16)
Comment: Their expansion with Line has me incredibly excited. If they play their cards right they could become the first major online payment platform in Thailand
EFORL targets 2016 revenue of Bt5bn with net profit margin of 10%. It expects this to be mainly driven by being a distributor of medical instruments and apparatus and health and beauty business. It is budgeting Bt100mn to open 20 more Wutthisak clinics in Thailand. It plans to expand to CLMV. (Khao Hoon, 01/04/16)
Comment: No Snail Farm comment this time?

GCAP targets loan growth of not less than 50% from expanding its services and adding a partner. It plans to focus on agricultural loans and financial services. It has introduced two new types of loans (personal loans and consumer credit to self-employed people). It plans to issue a Bt200mn debenture to institutional and corporate investors. (ASTV, 01/04/16)
Comment: The issue for GCAP is that they are focused on agricultural loans and with low prices and a drought I just don’t see how this is going to improve for them at all.
INTUCH’s board has approved the appointment of Mr. Philip Chen Chong Tan as the CEO, effective March 31, 2016. (Khao Hoon, 01/04/16)
IRPC has signed a contract with Thailand Post for a Bt13mn project; this will lift backlog to a record high in 1Q16. It plans to take part in Bt5bn bids this year. It expects 2016 revenue to grow more than 50%. (Khao Hoon, 01/04/16)
Comment: I’m guessing that this is IRCP 
ITD has sent a letter to the DOH to ask approval from the Bureau of the Budget to maintain the Bt1.5bn construction price bid for the Bangpa-In – Kora) motorway. It expects to sign the contract in May. (Khao Hoon, 01/04/16)
JSP expects 1Q16 earnings to be good. It targets revenue of Bt5bn this year. It expects to sign a contract with a Chinese partner in April. (Thun Hoon, 01/04/16)
KCM expects 1Q16 earnings to be good. It expects to set up an associated company to engage in hot-rolled steel trading. It is budgeting Bt40mn to invest in warehouses for rent. It plans to invest in steel roof business abroad. It expects 2016 earnings to be better than last year. (Thun Hoon, 01/04/16)
MILL expects sales to reach 900,000 tons on the back of numerous orders as the industry grows. It is budgeting Bt1bn for machinery improvement. It plans to expand to AEC, focusing on Myanmar, Laos, and Cambodia. (Thun Hoon, 01/04/16)
NDR will pay a dividend of Bt0.06/share, XD on Apr 5. It expects 1MW solar roof top to run in 2H16. It expects this to reduce its cost. (Thun Hoon, 01/04/16)
SEAFCO expects to get a Bt1bn project after it got a test for foundation piling for the dual track project with CK. it expects 50% of this to contribute revenue this year. It revised up revenue target from Bt2bn due to faster public projects. (Thun Hoon, 01/04/16)
SYNEX plans to expand abroad, targeting a doubling in exports. It expects 2016 revenue to grow 8% from numerous orders as IT booms. It plans to list its subsidiary soon. (Thun Hoon, 01/04/16)

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