AGE targets 2017 revenue growth of 30-35% supported by an uptrend in coal price. It has backlog of more than 500K tons which will be delivered in early 2Q17. It has budgeted Bt500mn to engage in the services business and plans to increase the number of its ships from 8 to 22. (Thun Hoon, 31/01/17 )
AJD board approved setting up two subsidiaries to engage in the coin-operated water dispensers and E-money business. This will diversify its business and reduce risk in its core business. (Thun Hoon, 31/01/17)
AOT plans to split par to Bt1 in mid-February, increasing the number of shares. It expects 1QFY17 profit of Bt4.9bn. (Kao Hoon, 31/01/17)
Comment: Punters love this
BCPG has invested in a wind power plant in the Philippines by acquiring 40% in Petro Wind Energy Inc., with capacity of 50MW. It expects to book profit this year. (Thun Hoon, 31/01/17)
CIG board approved setting up a subsidiary, Sian Railway development, to operate a train repair center. (Thun Hoon, 31/01/ 17)
CK has turned over the Green Line job, ahead of deadline and expects to get the official documents on February 6. (Kao Hoon, 31/01/17)
CNT expects to sign two new jobs worth Bt2bn, which will increase its backlog from Bt10bn. It plans to bid for private and government jobs to support revenue for the long term. (Thun Hoon, 31/01/17)
Comment: Theoritially with more projects in the pipeline smaller contractors like CNT should benefit as they will be less competition for the smaller-mid size jobs in the market
COM7 is negotiating with a partner to expand its business and expects some clarity this year. It is continuing to open new branches and targets 2017 sales growth of 10%, backed by higher demand. (Thun Hoon, 31/01/17)

GLOW reported 2016 net profit of Bt8.9bn or growth of 7.2%, supported by FX gain of Bt83.6mn. (Kao Hoon, 31/01/17)
KBANK targets 2017 loan and SME growth of 4-6% driven by higher personal loans to 14.1mn customers or growth of 5-6%. It expects NPLs at 1.6-1.7% and expects to offer loans to construction business of 25% from worth of more than Bt800bn. It has a deal with three companies to list on the SET. (Thun Hoo n, 31/01/17)
KKP targets 2017 loan growth of 5% from -0.8% in 2016. It plans to focus on small loans via ADC. It expects NIM at 4.5-4.9% and NPLs at less than 5.2% from 5.6% in 2016. It has 4-5 IPO deals in the works. (Thun Hoon, 31/01/17)
Comment: We do always wonder if the fellows at Phatra are just taking it easy since the merger with KK, or if they are actually going to use the balance sheet effectively to finance multiple deals
LPN plans to focus on medium and high end customers to diversify risk. It plans to launch 12 projects with a total value of Bt20bn this year and expects presales of Bt20bn. It expects 2017 revenue of Bt10bn. (Kao Hoon, 31/01/17)
Comment: Well they have no choice given that banks aren’t giving mortgages to low-end customers anymore
SCN expects 2017 NGV business to be good supported by oil price increase. It plans to sign a contract with PTT for three stations, which will give it 10 NGV stations. (Kao Hoon, 31/01/17)
SEAOIL expects 2017 earnings to recover driven by revenue from 8MW solar rooftop, booking chemical refinery capacity of 180k liter per day and oil business in Singapore is looking good. It plans to invest in wind and hydropower plant. (Thun Hoon, 31/01/17)
TRC expects to sign the potash contract in 1Q17. It plans to bid for PTT’s 5th gas pipeline worth Bt96.5bn and five dual-track railway projects. It expects this to add backlog of Bt3bn. (Kao Hoon, 31/01/17)
TWPC has set up a subsidiary in Cambodia to produce and distribute cassava products to increase growth. It expects this to add to revenue and profit in the long run. (Thun Hoon, 31/01/17)
UNIQ is bidding for new jobs out of a total of over Bt230bn being opened for bid, both the dual-track railway and Purple Line. It expects jobs on hand of more than Bt20bn to support earnings to record new high of no less than Bt12bn. It has a low D/E of 0.76x which can support growth in the future. (Thun Hoon, 31/01/17)
WICE plans to do a roadshow in Hong Kong and Singapore in 2Q17. It targets 2017 revenue growth of 30%, its highest for the past 24 years. It is negotiating with a party to enter into a JV or will acquire a business. It has a budget of Bt230mn to buy tractor-trailers and a third warehouse . (Thun Hoon, 31/01/17)
Comment: Their only way to show another year of decent growth is to acquire another company

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