ABC plans to invest in education business. It expects to sign an MoU with Lanna International School in Chiang Mai, valued at Bt150mn. It plans to launch the Bt2.5bn ABC Residence Sukhumvit39. (Khao Hoon, 13/01/16)
Comment: Wait…weren’t they going to do IT? And then renewable energy? And now its an international school and property development, gotta love the consistency here.

ACAP expects net profit this year after restructuring its business. It expects 4Q15 earnings to be good. It targets 2016 loan portfolio of Bt2bn. It plans to broaden its SME customer base. (Thun Hoon, 13/01/1)

DRT plans to export to CLMV+1. It targets exports to comprise 20% of sales. It plans to increase domestic sales via modern trade and property projects upon economic recovery. It expects 2015 net profit to be good. (Thun Hoon, 13/01/16)
Comment: Regardless, growth is minuscule for the company at this point.

EARTH plans to acquire a 40mn-ton mine. It targets 2016 revenue of Bt16bn. It expects exports to be good thanks to the baht weakening. (Thun Hoon, 13/01/16)

IEC and Yunan water investment plan to invest in waste power plants. It expects this to decrease its bank loan, hasten the process and increase efficiency. (Khao Hoon, 13/01/16)

JWD plans to expand with 6,990sqm warehouse in CLMV which will handle sea freight. It says it is ready to be a provider of warehouses in Laos, Cambodia, and Myanmar. It targets occupancy rate of 60-70% at warehouses abroad. (Than Setthakij, 13/01/16)
Comment: WHA part deux minus the debt

KKC expects 2015 net profit to mark a record with 8-9% dividend yield, boosted by the lower cost provided by the drop in gold price. It plans to increase its production efficiency and focus on high margin products. It plans to expand to ASEAN because of high demand on global warming. (Thun Hoon, 13/01/16)

NEWS targets 2016 revenue growth of 20-30% but will still be in the red. It has budgeted Bt50mn to invest in content and equipment. It plans to acquire a media business that will put it in the black in 2017. (Khao Hoon, 13/01/16) PSTC PSTC expects to complete the purchase of two biomass power plants by Feb 2016. These are expected to contribute revenue immediately. It expects to get a Bt200mn EPC project from Ministry of Energy which will lift its backlog to Bt500mn. It expects 2016 earnings to double from last year. (Thun Hoon, 13/01/16)

PTT plans to pay a dividend, to be announced in March. It is budgeting Bt50.8bn to invest abroad. It plans to set up a second gas tank farm with 7.5mn tons capacity. (Thun Hoon, 13/01/16)

SAT expects a performance turnaround in 2016 backed by orders for trucks and tractors. It expects to increase gross margin to 15%. It plans to add customers and get new orders this year. It plans to diversify abroad to lessen the risk from the local market. (Thun Hoon, 13/01/16)
Comment: It’s the tractor business manufacturing growth that has been impressive for SAT

SC expects 1Q16 earnings to rise, boosted by Bt9bn in transfers. It plans to launch three new projects valued at Bt10bn. It expects to benefit from government stimulus measures in 1H16. (Thun Hoon, 13/01/16)

SUTHA expects net profit to mark a record high in three years aided by expansion at home and abroad. It plans to set up lime plants in Laos after getting many orders. It expects to benefit from government measures supporting sugar cane. It targets to become Thailand’s lead limestone producer. (Thun Hoon, 13/01/16)

TISCO reported 2015 net profit of Bt4.2bn, stable from last year but better than market expectation, despite high provisions for SSI loans. It expects 2016 earnings of Bt4.8bn (13% growth) backed by recovery in HP. (Thun Hoon, 13/01/16)
Comment: When people ask me about Tisco my response for the past few years has been “Can you trust a management team that has given out a loan to SSI equivalent to 25% of equity?”

TKS plans to set up a company with a partner to handle Bt100mn printing orders and advance orders for football’s Euro 2016. It expects 2016 revenue of Bt1.58bn (+15%) backed by SYNEX. (Thun Hoon, 13/01/16)

TMI expects growth in 2016 net profit. It expects 2016 revenue to grow 20% as it plans to focus on LED light bulbs. (Thun Hoon, 13/01/16)

TOP says LAB project is completed and expects operations to start by Feb 2016. It is budgeting US$4bn for five years investment. It expects this investment to increase the efficiency of its refinery and infrastructure. It says it has a strong financial status with Bt50bn cash on hand and D/E at 0.3X. (Khao Hoon, 13/01/16)

UAC expects to acquire an alternative energy business in Thailand. It is talking to 1-2 companies. It expects a decision to be made by this year by at least one company. It expects the JV with BBF to start up its phase 2 capacity by 2Q16. It expects total capacity of 810,000litre/day. It expects 2016 revenue of Bt1.8bn. (Thun Hoon, 13/01/16)

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