AAV, the country’s largest low-cost airline, ranked eighth of all no-frills carriers in the world with 81% of flights departing or arriving on time, according to the Punctuality League Rankings assessed by AOG Aviation Worldwide. Thai AirAsia’s ranking jumped from 19th last year. (Bangkok Post, 7/1/19)

ASAP is dealing with commercial banks to launch credit approval via a mobile application. The conclusion will be known mid-year. It expects sales volume of used cars to reach 1.5k with target revenue growth of 20% this year. (Thun Hoon, 8/1/19)
Comment: That would change the game quickly for such a firm, such services are yet to exist in Thailand despite the prevalence in the US. In the end the share price collapsed because 1) it was expensive 2) it’s EPS was high due to a tax benefit which has now expired

BANPU is expanding at full speed in Vietnam. It targets coal sales volume to reach 2mn tons this year, supported by high domestic demand for electricity. (Kao Hoon, 8/1/19)

CEO Mr. Sura Khanittaweekul says executives did not sell their shares and confirmed the solidity of the company. About the revenue guidance cut by Apple Inc, he believes this will not impact COM7’s performance. 4Q18 sales will push full year sales to hit target, he said. (Kao Hoon, 8/1/19)
Comment: Certain consumers will constantly buy new iphones and it’s still viewed as a brand to have. So is the annual iphone trade still on for COM7?

GUNKUL said the deal to set up a power plant in Vietnam will be completed soon. The Kimitsu power plant will start commercial operation on Feb 1. It expects to be awarded an EPC project worth around Bt1bn. It expects earnings to reach new records every quarter this year with target revenue growth of no less than 25%. (Thun Hoon, 8/1/19)

HMPRO expects 2019 results to be good. It has set capex of Bt5-6bn to expand branches, improve margin and do a road show to keep investors informed. (Thun Hoon, 8/1/19)
Comment: Two things to follow here 1) Margin improvement 2) Profitability in Malaysia’s operations

SSP will start commercial operation of power plants with total electricity production capacity of 65MW this year. It expects revenue growth of 25%. The power plant in Mongolia will start commercial operation soon. It targets total electricity production capacity to reach 400MW and is interested in investing locally as well as in Vietnam, Japan and Mongolia. (Thun Hoon, 8/1/19)

CEO Praphan Anupongongarch said TCAP has promptly raised its deposit rate in response to the raise by big commercial banks. He continues to deny the acquisition of TMB. He targets loan growth of 4- 5% this year, focusing on leases and auto cash loans (“cash4car”). The company will keep NIM at no less than 3%. (Thun Hoon, 8/1/19)
Comment: TCAP has been in the news over the years for M&A’s but nothing has materialised. And I doubt we’ll see anything with TMB.

TKN targets sales growth of at least 12-14% this year as tourism recovery will supports its local sales while sales in foreign markets, US and ASEAN, are expected to be outstanding, especially in China. It is finding product distributors, planning to introduce 3-4 new products and studying a new business. (Thun Hoon, 8/1/19)
Comment: Would Indian consumers enjoy TKN’s products?

TSF has integrated new technology into its digital advertising displays “SMART CITY”. It believes that SMART CITY will help customers create a good image and reach their target group. It will start SMART CITY at Terminal 21 department store. (Thun Hoon, 8/1/19)

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