AAV will pay its first ever dividend at Bt0.10/share, XD on September 14, paid on September 29. It expects 3Q15 earnings to be better on the back of recovery in tourists and lower oil price. It plans to open a new route soon. It expects 4Q15 earnings to peak thanks to seasonality. (Thun Hoon, 11/09/15)
Comment: Without a doubt, a continued beneficiary from the increase in Chinese tourists to Thailand
AIT has budgeted Bt700mn to invest in data centers in Thailand and Cambodia via setting up a joint venture. It expects the decision to be finalized this year. It plans to participate in the Bt11.36bn public projects up for bid in 2H15. It expects 2015 revenue to be less than 2014’s because of fewer public projects. (Thun Hoon, 11/09/15)
Comment: With the digital economy likely a go, then data centers are an easy money making
AGE expects 2015 net profit of Bt100mn after profit reached Bt34mn in 1H15. It expects 2015 revenue of Bt5bn. It plans to expand abroad. It is budgeting Bt50mn to invest in a coal screening machine which will raise capacity by 30% and allow it to take on the many orders. (Thun Hoon, 11/09/15)
BA has budgeted Bt9bn to acquire more 43 aircraft by 2018. It plans to open a new route (Phuket-Hat Yai) this October, which will increase its passengers. It expects 2015 net profit to reach a new high backed by increasing passengers and cost control. It expects to pay an interim dividend. (Thun Hoon, 11/09/15)
Comment: The monopoly airline of Samui that has a decent holding in BDMS, can they translates their success to airports where they aren’t a monopoly?

BMCL expects to benefit from MRTA approval of Bt693mn for operating in Tao Poon-Bang Sue route and the ticketing system. It expects this to be approved by the cabinet soon. (Khao Hoon, 11/09/15)
CHUO is talking with prospective Korean partner to launch a new product in Thailand. It got a Bt30mn job from Japan which is expected to contribute revenue in 3Q15. It expects to get a Bt80mn job which is expected to be finalized by the end of this year. It targets export proportion of 50%. (Thun Hoon, 11/09/15)
DEMCO expects to be awarded Bt4.5mn in projects from the Bt11bn being put up for bids, raising work on hand to Bt10bn. It expects 2015 revenue to mark a record high backed by public and private investment. It plans to bid for an EGAT job (MV distribution line and HV transmission line). (Thun Hoon, 11/09/15)
Comment: The ST value in DEMCO is the potential listing of WEH next year.
DRT expects 2015 revenue growth of 4% with better net profit margin backed by government stimulus package. It plans to expand abroad and targets exports to comprise of 15% of revenue from 10% now. (Khao Hoon, 11/09/15)
KBANK plans to increase fee revenue by encouraging clients to set up REIT and infrastructure funds. It targets revenue from fees of Bt8bn with Bt20bn in loan growth. It plans to expand to CLMV next year. (Khao Hoon, 11/09/15)
PCSGH expects sales to increase at the end of this year benefitting from new tax regulations that will be implemented next year. (Thun Hoon, 11/09/15)
Comment: We still wonder aloud when will their margins be squeezed by customers
PHOL expects 2015 revenue to grow 15-20% as targeted, aided by Bt60mn backlog (waste water treatment system project) of which 80-90% is expected to contribute revenue this year. (Thun Hoon, 11/09/15)
SAMTEL expects backlog of Bt12bn at the end of this year from bids for public projects. It expects a subsidiary to be awarded government projects and targets revenue of Bt1bn. (Thun Hoon, 11/09/15)
Comment: Perhaps the strongest company in SAMART’s group of companies these days
Foreign investors are interested in VGI shares because of its growth related to BTS expansion. Management is looking for partners in Vietnam, Myanmar, Malaysia and Singapore to expand in ASEAN. (Thun Hoon, 11/09/15)
VNG plans to invest in the power business. It plans to ask for a PPA for a 15-20MW biomass power plant in Surat Thani (expects to invest Bt70mn/MW). Its plants at Chonburi and Saraburi have wood scraps which it expects to use as fuel to produce 15-20MW. It expects 3Q15 earnings to mark a three-year high on the back of seasonality, value added products and weaker baht. (Thun Hoon, 11/09/15)
  1. i was doing a bit if D.D. On several companies mentioned in recent issues – MCS, and MSC ( looked it up by mis-keying, still it’s interesting) .
    Their (and other companies) websites which I visited never have up to date record of annual growth of EPS. I need it, in order to calculate PEG. The few media sources I tried, without luck, were Bloomberg, Reuters, Financial Times and SETTRADE.
    Can anyone advise, please?
    Thanks, Don.

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