AGE
AGE plans to expand to Vietnam and Cambodia where demand is high. It expects 2016 revenue to grow 10-20% from this year’s Bt4bn. It plans to expand its seaport, which is expected to increase its capacity by 30%. (Thun Hoon, 16/12/15)
Comment: The coal industry isn’t going anywhere and AGE is suffering with it

APCO
APCO plans to expand its market at home and overseas and will launch a new product, “Refreshing Spray”. It expects 4Q15 sales to increase by 50%. It expects to recognize revenue from abroad within 2016. (Khao Hoon, 16/12/15)
Comment: Effectively a listed MLM firm. If you believe that there are enough silly consumers out there to overpay for POS products then you can go ahead and believe in APCO

CEN
CEN expects to show net profit next year from net loss this year backed by its subsidiary and whole year of revenue from its power plant. It plans to expand abroad and acquire more power plants. (Thun Hoon, 16/12/15)

CI
CI expects 2016 revenue growth of 100% backed by transfers, rental revenue, and selling Bt1.2bn assets to REITs. It expects 2015 revenue to be higher than Bt2bn. (Khao Hoon, 16/12/15)
Comment: This will mainly be from the REIT, the issue with a property company this size is that earnings will be lumpy, great for a year or 2 and rubbish for the next few years and CI is no different.

DCC
DCC expects 2016 revenue to grow 10% by increasing its market share and expanding abroad. It is looking for a local partner in Laos. It plans to open new branches in Cambodia and Myanmar. (Thun Hoon, 16/12/15)

IFEC
IFEC expects to diversify risk by expanding to property and health center business with a budget of Bt2.5bn. It plans to acquire Dhara Dhevi hotel in Chiang Mai. It expects 2016 net profit to be higher than Bt1bn. (Khao Hoon, 16/12/15)
Comment: Solar powered hotels?! Well why not?

JWD
JWD plans to focus on On-Site Service (auto component management). It is talking to 4-5 clients in the auto business. It expects this strategy to increase its occupancy rate to nearly 100% in 2016. (Khao Hoon, 16/12/15)

MCS
MCS expects net profit to reach new highs over the next five years aided by orders of 200,000-230,000 tons. It expects the Olympics to generate more demand for construction. It expects this to increase its orders by 100,000 tons. It expects 4Q15 net profit to be good backed by 20,000 tons sold. (Thun Hoon, 16/12/15)

PJW
PJW expects 2016 revenue to grow 10%on the back of a business uptrend and higher gross margin from spray painting. It is talking to a Chinese customer and expects to make a deal soon. (Khao Hoon, 16/12/15)
Comment: PJW has a decent business, but the issues are 1) There’s no reason for an automanufacturer to use them when they can do this inhouse; and 2) They can’t scale and have to continually invest to lower costs thus ROIC is rubbish

PTTEP
PTTEP has budgeted US$17.765bn for its 5 year investment plan. It expects to spend US$3.443bn in 2016. It expects this to support production at home and abroad. It target sales of 333,000 barrel/day. (Khao Hoon, 16/12/15)

SAWAD
SAWAD bought Bt1.6bn in NPLs from SCB. It expects to get Bt800mn more from other commercial banks this year. It plans to issue a Bt20bn debenture as it expects loan growth of 30% next year. (Khao Hoon, 16/12/15)
Comment: How much are you willing to pay for growth, thats the only question here.

TFG
TFG expects to show net profit next year after a net loss this year. It expects chicken price to be higher than Bt40/kg. It plans to expand abroad. (Khao Hoon, 16/12/15)

TK
TK expects 4Q15 loan growth to be better than in 9M15 as the market is recovering. It targets 2016 loan growth of not less than 5% backed by government stimulus measures. It has budgeted Bt10mn to open two new branches in Cambodia. (Thun Hoon, 16/12/15)

TPCH
TPCH expects 2016 net profit to be better than this year aided by four biomass power plants. It plans to invest in Laos and Cambodia. It expects to buy 2-3 biomass power plants, targeting capacity of 10MW next year. (Khao Hoon, 16/12/15)

UWC
UWC expects 2016 revenue and net profit to mark a record high backed by biomass power plants. It plans to acquire ten more biomass power plants even though 2015 revenue missed its target. (Khao Hoon, 16/12/15)
Comment: Second time today I’ve heard something about UWC

WHA
WHA plans to cooperate with Central Group to develop 250,000sqm warehouse at Wang Noi, valued at Bt4bn. It expects this to contribute Bt300mn/year. It plans to sell this asset to an REIT. (Khao Hoon, 16/12/15)

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.