AGE will submit its investment plan to the board for approval in August. It plans to invest over Bt100mn. Management is finalizing plans for 3Q17 and expects 2H17 to be strong as orders from China and Vietnam will support 3mn sales volume (25-30% growth). (Thun Hoon, 13/6/17)

AMATA is in talks with Chinese clients over a deal for hundreds of rai. The company has around 3,500 rai available and is currently developing over 7.300 rai for EEC. It also expects 2H17 to have strong sales on the back of high seasonal demand. The company has recently been on a roadshow to over 17 funds, emphasizing its advantage of close proximity to Suvarnabhumi Airport and Bangkok . (Thun Hoon, 13/6/17)
Comment: All it took was for a few retail investors to finally have a look at AMATA for it to reflect its fair value. 

BCPG has a shareholding meeting today. Shareholders will consider an investment in a 182 MW geothermal power plant in Indonesia worth Bt12.3bn. If approved the deal will finalize in September and contribute to 2H17 earnings. (Thun Hoon, 13/6/17)
Comment: I always find myself twitching whenever I see Thai companies buying assets in Indonesia. 

BEM’s shareholders approve a loan of Bt16bn for the management system for the Blue Line extension. Contribution from the Purple Line and expressway will boost performance this year. (Thun Hoon, 13/6/17)

CENTEL will add management of eight more hotels per year. The company continues to expand in the food business both domestically and abroad. (Thun Hoon, 13/6/17)

EA will COD two wind farms, adding 45MW to bring total generating power to 359MW. (Kao Hoon, 13/6/17)
Comment: And its a continuation of what they’ve been saying they’ll do for years

EARTH is studying a model using both domestic and foreign financial instruments to resolve its liquidity and B/E problems. It is currently negotiating with financial institutions and expects to finalize in August. (Thun Hoon, 13/6/17)
Comment: It’s been amusing watching this trainwreck unfold 

GFPT is benefiting from strong orders from Japan and Malaysia, which will help it meet its 2H17 target revenue growth of 25%. 2017 is expected to grow 8% YoY. The company is developing new product lines. (Thun Hoon, 13/6/17)

LOXLEY expects earnings to grow 106% YoY in 2017, or Bt355mn, supported by backlog of Bt12.43bn, 54% of which will be recognized this year. It is also in the bidding for another Bt15bn. (Kao Hoon, 13/6/17)

LPH will finalize its acquisition plans for a private hospital in Pattanakarn area end of June. It will also spend Bt200mn on the project to open five new medical centers, which is expected to boost OPD earnings by 40%. The company expects revenue to grow 10-20% this year. (Thun Hoon, 13/6/17)

MACO expects 2H17 to be strong due to high seasonal demand and Comass contribution. Management expects 2017 revenue to grow 25-30% YoY from high demand. The company also plans to invest Bt150mn to convert conventional billboards to LED. (Thun Hoon, 13/6/17)

SIRI’s low rise presales exceeded Bt6bn. The company will launch nine new projects worth Bt16bn in 2H17 to support 2017 revenue target of Bt15bn. The Burasiri Watcharapon SDH project worth Bt3.4bn will start presales on June 24-25. (Thun Hoon, 13/6/17)
Comment: It’s quietly been one of the best performing stocks in the past 6 months

SYNTEC will have its highest ever backlog on hand of Bt15bn as of end 2Q17. (Thun Hoon, 13/6/17)

Somkid orders THAI to clear its stance on NOK, i.e. whether it will continue to keep its holding in NOK or sell its shares after refusing to participate in its equity raising and losing its management power. The THAI board will meet on June 14 and the NOK board on June 15. (Kao Hoon, 13/6/17)
Comment: Or they could just admit that Thai airway’s doesn’t have any cash

THE expects 2Q17 to be strong on the back of robust steel price. 5M17 sales have been strong. Management said that the government’s big projects and prospects of an election stimulated investment and steel demand. It is going forward with listing Prime Steel Mill by end 2018. (Thun Hoon, 13/6/17)

TTCL expects 2Q17 to grow QoQ from new orders and backlog recognition worth Bt11bn. It also targets US$700-800mn worth of new projects, which will boost backlog at end-2017 to Bt20bn. (Thun Hoon, 13/6/17)

TVO is in talks with CLMV clients to boost its export revenue contribution to over 3%. The company plans to expand its production from the current 6,000 tons per day. It expects 2017 revenue to grow 5% YoY from a larger client base. (Thun Hoon, 13/6/17)



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