AAV reported strong ticket presales for 3Q17. The company is increasing its flight routes to boost sales. It expects to add four more routes in 2H17 which will push up passenger numbers to over 19.5mn and support 16% revenue growth YoY. (Thun Hoon, 20/6/17)

ADVANC will sign 2100 MHz with TOT this year and maintains its revenue growth target of 4-5%. The company has lowered its dividend policy rate to 70% in order to maintain long term growth. (Kao Hoon, 20/6/17)
Comment: And that has been the issue with the expensive 4G license. ADVANC can no longer maintain its previously high dividend payout ratio.

CPF expects 8-10% revenue growth this year and aims to increase overseas contribution to 70% in five years. The board approved a capital increase of 38.7mn shares at a ratio of 5 existing shares to 1 new share priced at Bt25/share. (Thun Hoon, 20/6/17)

EIC acquired S.Thana Media in order to boost earnings and diversify risks. The company is raising equity with a ratio of 1:5 at Bt0.15/share with warrant. (Thun Hoon, 20/6/17)
Comment: Stay away from this name (unless you’re part of the game)

HANA is benefiting from a stronger baht and strong performance in 1H17. The company is in talks with Chinese and American clients. Both domestic and overseas demand remains strong. (Thun Hoon, 20/6/17)
Comment: How does it benefit from a strong baht as an exporter?

IRPC says the fire at Unit 52 in the UHV project will shut down only 10 days and won’t hurt the bottom line. (Thun Hoon, 20/ 6/17)

IVL and warrant price have been doing well. IVL-W1 will likely convert to common shares within 24 August at a ratio of 1:1 at Bt36/share, which will increase equity by Bt17bn. (Kao Hoon, 20/6/17)
Comment: Listening into a conf call with management shows that they are confident with earnings in 2Q as its typically the high season.

JWD expects strong 2Q17 with 2017 revenue to grow 7% YoY and margin 10%. (Thun Hoon, 20/6/17)
Comment: That magical REIT never came to fruition

LH expects 2Q17 to be strong with a gain from the sale of Grand Center Point at Ratchadamri to LHHOTEL of no less than Bt1bn. It will book three condo projects which will increase transfer rate by 30%. The company expects to benefit from backlog on hand worth Bt18.2bn. (Thun Hoon, 20/6/17)

MTLS has been included in SET50 in 2H17 (Sept 1 to Dec 31). It expects revenue and earnings to be a record high this year. (Thun Hoon, 20/6/17)

NYT expects gross margin to be stable QoQ in 2Q17 at 46.4% after auto exports slowed, but expects it to improve in 2H17. It is in talks with new clients for warehouse rentals. (Thun Hoon, 20/6/17)

SCI will go on an overseas roadshow at the end of this year in Singapore, Hong Kong, and the UK in hopes of increasing foreign holding from 10% to 30%. It expects to sign a contract with a Laos client this year to boost its already high backlog of Bt850mn. It will also participate in a bid with EGAT for a Bt300mn project. (Thun Hoon, 20/6/17)
Comment: That last project from the government never came. 

SOLAR’s trading volume has been high with a 15.49% increase in share price to Bt3.28/share. Traders believe the company will take on an agriculture community solar farm phase 2 worth 20 MW. The bid for the project will be finalized on June 26. The company is also looking at other overseas projects. (Thun Hoon, 20/6/17)

SYNTEC expects 1H17 performance to be strong with 5M17 backlog of Bt5.74bn and new project launches in 2H17. (Thun Hoon, 20/6/17)
Comment: The value upside risks for this name are if/when they will buy another residential asset

TASCO associate will hold a 50% stake in a new bitumen company in eastern Malaysia. (Thun Hoon, 20/6/17)

UAC will finalize a waste management project in 2Q17. Its 20 MW power plant in Myanmar will finalize this year. The company expects revenue of Bt1.8bn this year with help from full year contribution from its 12 MW power plant. (Thun Hoon, 20/6/17)

VGI expects 1H17 earnings to be strong with full year revenue target of Bt4bn on the back of a larger client base. The company expects out-of-home ads to grow with companies willing to spend more to stimulate sales. (Thun Hoon, 20/6/17

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