ADVANC made ITS first payment of Bt8.6bn with A Bt72.3bn bank guarantee for 900MHz. It expects to handle 2G clients before being shut down. It expects higher earnings from less expense of Bt4bn. (Khao Hoon, 29/06/16)
Comment: There’s a lot of analysts expecting 2Q16 to be the peak for ADVANC earnings for the next 2 years
BEM expects 2016 net profit of Bt2.1bn mainly driven by MRT. (Khao Hoon, 29/06/16)
BR expects to revise down 2016 revenue target growth from 10-15% because of higher competition in Europe, and excess supply in Poland and Hungary. (Post Today, 29/06/16)
BRR expects an increase in revenue from biomass power plants from Bt19mn/month to Bt25mn/month after it changed from adder scheme to FiT scheme. (Khao Hoon, 29/06/16)
Comment: Completely forgot that some sugar companies will benefit somewhat from this as well.
ECF expects to benefit from Japanese yen weakening which has added orders. It expects this to contribute revenue of Bt10mn/month. It expects 2H16 earnings to be good on seasonality. It expects 2016 revenue to grow 12-15%. It is budgeting Bt86mn to increase capacity. (Thun Hoon, 29/06/16)
EGCO expects 2H16 earnings to be good aided by Khanom and wind farm power plants. It expects to acquire local and international companies, targets ROE of 10%. It targets 2017 revenue to be higher Bt10bn. (Thun Hoon, 29/06/16)
PSTC expects 2Q16 earnings to mark a record high due to its 6MW biomass power plant. It plans to acquire more biomass power plants, making a decision in 3Q16. It expects capacity of 30MW at the end of this year, which will raise 2016 revenue by 60%. (Khao Hoon, 29/06/16)
SEAFCO signed contracts for four projects, valued at Bt117.58mn. It expects 2Q16 earnings to be good on the back of projects abroad. (Thun Hoon, 29/06/16)
SMT expects to show net profit this year brought by product line expansion and solar panel generation 3. (Khao Hoon, 29/06/16)
TCMC expects 2Q16 earnings to be good with growth in every business segment. It expects 3Q16 to be good aided by Alston, a furniture producer in the UK. It expects 2016 revenue to grow 25-30% from active marketing. (Thun Hoon, 29/06/16)
Comment: Given that they just bought Alston in the UK, the drop in the pound doesn’t quite help its forecasts.
TOP expects 2Q16 net profit of Bt6bn boosted by Bt2.8bn stock gain. (Khao Hoon, 29/06/16)
TRU is looking for a partner to handle orders from MRT and new model cars. It plans to export cement trucks in 3Q16, expects to supply about 100 vehicles in the first year. It expects 2016 revenue to be stable with gross margin of 10%. (Thun Hoon, 29/06/16)
TSR signed a contract with a Japanese partner to set up an associated company to engage in the trading and leasing business. It will take a 49% stake. It expects to export water filter “SAVE” in 4Q16. It plans to expand to Vietnam, targets revenue of Bt30mn within a year. (ASTV, 29/06/16
Comment: Quite a lot of moves by this company, we do wonder if the management team is able to manage this sudden expansion.