ABC is talking to a prospective partner in China to provide WeChat Pay service in Thailand. It continues to improve its back office with the goal of improving its data management. It plans to develop an e-wallet application to meet the needs of the new generation. (Thun Hoon, 24/05/17)
Comment: Not sure I would rely on this company….it’s becoming a bit tiresome ranting about this company.

AMATAV expects 2017 revenue to grow 8-10%. It targets sale of 20 hectares this year with the latest backlog at 14.3 hectares. The company aims to invest Bt3bn in industrial estate development at the current site and a new one in Vietnam. (Kao Hoon, 24/05/17)

BTW is talking to both domestic and overseas partners hoping to beat its Bt1.7bn order target. The company expects to reveal more details on its steel structure project in 4Q17. Currently, the company talking with a prospective Japanese partner in preparation for the 2020 Olympics. (Thun Hoon, 24/05/17)
Comment: Wouldn’t MCS be a bigger beneficiary from the 2020 olympics? Then again the structures that will be built for it will be relatively smaller than rest of redevelopment that has been ongoing in the past few years

GGC expects strong 2Q17 growth from B7 bio-mandate, boosting utilization rate to 100%, as well as improved FA spreads. (Kao Hoon, 24/05/17)

GPSC to begin commercial operations of three power plants in 2017 to support growth this year. (Kao Hoon, 24/05/17)

ICHI expects strong 2Q17 with growth year-on-year after changing its product distribution strategy. T247 is increasing its presence in the energy drink market, hoping to boost revenue to Bt700mn this year. (Kao Hoon, 24/05/17)
Comment: Could they actually roll out their energy drink market will enough to make up for for the revenue declines seen in the ready to drink green tea market?

ILINK is likely to grab APM projects at Suvarnabhumi Airport as it has lowered its price. This is expected to finalize in one month. (Kao Hoon, 24/05/17)
Comment: A recovery in store for ILINK just like with the rest of the IT sector

ITD is in the process of bidding for projects both domestic and abroad. There is a major overseas project worth over Bt100bn in the pipeline. Domestically, seven projects worth Bt43bn are expected to be signed. (Thun Hoon, 24/05/17)
Comment: With what balance sheet?!

LANNA is confident its 2017 net profit target will be achieved after seeing both selling volume and price going strong. The company is ready to invest Bt4-6bn to purchase two coal mines in Indonesia and develop a 200 MW coal-fired power plant. (Thun Hoon, 24/05/17)

LPN will invest Bt1.08bn to buy two land plots for two new condo projects worth Bt2.9bn. (Thun Hoon, 24/05/17)
Comment: The increased competition within the industry has hurt LPN and I don’t quite know how they will be able to pivot themselves to return to the high # of unit transfers that they used to unless the entire market just picks up.

PM expects strong 1H17 earnings after expansion overseas. It continues to seek new local partners to take advantage of strong economic and tourist growth. The company also expects to increase sales this year through product line expansion. (Thun Hoon, 24/05/17)
Comment: The numbers look interesting right now.

PTT continues to transfer its retail business assets this year in preparation for the listing of PTTOR in 2018 with assets worth Bt115bn. The company targets 1,800 fuel stations and 2,700 Amazon branches within the next five years. (Kao Hoon, 24/05/17)

PTTGC expects contribution from the newly transferred petrochemical businesses from PTT in 3Q17. The six companies earned around Bt1bn in 1Q17. The MAX project is expected to contribute another Bt3.2bn. PTTGC expects revenue growth of 26% YoY to Bt440bn. ( Thun Hoon, 24/05/17)

SMM expects a turnaround in 2H17 with increased advertisements for the special women’s volleyball match between Thailand and South Korea on July 3. The company expects revenue to exceed Bt389m as it adds more clients. (Thun Hoon, 24/05/17)

STA expects 2Q17 performance to grow from 1Q17 from sales growth and higher rubber price. It expects 2017 sales to reach 1.3-1.7mn tons. It continues to do R&D as well as innovation to add value to its products. (Kao Hoon, 24/05/17)

STANLY reports substantial orders from car producers. It expects this to boost 2017 sales to grow 7% to Bt12.2bn and increase utilization rate with a higher gross margin of 17.5% in 2019. (Thun Hoon, 24/05/17)

THAI’s board will not take the NOK capital increase to maintain shareholding because it says that NOK did not submit its business plan as requested. This will lower THAI’s stake from 39% to 19%. This means the Jurangkool family will become the major shareholder (22% stake) if they take the capital increase shares. (Kao Hoon, 24/05/17)
Comment: Not quite the vote of confidence in the existing NOK CEO. Then again THAI doesn’t have any money.

THCOM launched NOTRO30 and NITRO100 to improve 4G/LTE signal transfers. It expects this to lower the costs between mobile operators and users. (Kao Hoon, 24/05/17)

TMI says talks with a prospective Chinese partner will conclude a power deal soon. It expects 1H17 performance to be good brought by implementing a marketing campaign, expects this to boost its sales. It expects 2017 revenue to grow not less than 20% with backlog of Bt10mn. (Thun Hoon, 24 /05/17)

VNG expects 2Q17 earnings to mark a record high on the back of a return to normal for production capacity and delivery service. It continues to move orders after the flood at the beginning this year. Its 20% capacity will help it handle more orders. It plans to invest in a biomass power plant for internal use. (Thun Hoon, 24/05/17)

VTE’s board approved a 249.17mn capital increase via RO at a ratio of 10 old to 3 new at a price of Bt2.19/share. It will use the cash to invest in the power business and construction service expansion. It expects 2017 revenue to mark a record high of Bt3bn. (Kao Hoon, 24/05/17)

  1. I can’t think of a worse performing CEO than Saransin, but his family name carries a lot of weight with the Elites so perhaps he is untouchable still?

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