AH expects 2H17 performance to benefit from auto sales recovery. It expects 2017 revenue to grow 5% YoY. The company expects to finalize on its overseas partnership within this year. (Kao Hoon, 23 /6/17)
Comment: How is 5% revenue growth a recovery? Domestic automotive sales are still far below the peak in 2012 and exports haven’t gone anywhere given the shift in strategy that the global players are undergoing to set up hubs throughout the region and not rely on Thailand.

AOT is getting ready to finalize its development plan for its six airports in July. The company has Bt60bn in cash on hand and EBITDA of Bt20-30bn per year. The board has approved capex of Bt220bn to develop the six airports under its management. (Thun Hoon, 23/6/17)

CENTEL will add 17 hotels in the next three years from the current 37. It expects high seasonal demand to bring recovery in 4Q17. The company is also looking into M&A deals. (Thun Hoon, 23/6/17)
Comment: Amongst centel, mint, and erw, this firm does have the cheapest valuation at the moment…hmmm

COM7 expects 2Q17 will continue to grow and 2017 revenue and earnings to reach new highs. Revenue is expected to grow 10% YoY. (Kao Hoon, 23/6/17)

MTLS will go on a roadshow in Sweden and the UK in hopes of attracting foreign investment. Management expects loan growth of 50% from a larger client base. The company will add 600 new branches and new clients this year. (Thun Hoon, 23/6/17)

NOK will undertake another round of capital increase via PP. It will submit this for the board’s approval in July. The company is talking with three potential new strategic partners. Today, Mr. Patee, NOK’s CEO will receive the AOC certificate from CAAT after disappearing from public view since the news of the equity increase. (Kao Hoon, 23/6/17)

PDG expects 2H17 will benefit from demand recovery. 2017 revenue is expected to grow 10% YoY. Management expects to finalize its deal with a Cambodian partner in 3Q17. The company has Bt200mn in cash on hand. (Thun Hoon, 23/6/17)

PLANB signed MOU with Panyathip Advertising from Laos to hold 50%. This company provides advertising via static out-of-home media. It expects this deal to increase its presence overseas. (Thun Hoon, 23/6/17)

PTT expects 2H17 to benefit from high seasonal demand. It is studying LNG expansion projects. The company is also looking to list its subsidiary PTTOR next year. (Thun Hoon, 23/6/17)

PTTEP expects S1 project to be back to full production in a month after Article 44 resolved the issue with Sor Por Kor. DMF expects to issue the TOR for the Bongkot and Erawan project bidding by August. (Thun Hoon, 23/6/17)
Comment: Gotta love article 44 

STA is benefiting from high rubber prices with expectations of strong 2H17 performance, up YoY due to high domestic and overseas demand. The company is looking to expand its business overseas, especially into China. It expects overseas demand to support 3Q17 performance. (Thun Hoon, 23/6/17)

THAI expects 2017 load factor to be higher than last year’s 73%. The company is in talks to convert its baht-denominated debt to yen or euro to cut interest cost. Management still has not made up its mind on NOK’s equity increase. It expects to consider whether its rehabilitation plans, due to be submitted on July 15, will really put an end to the losses. (Thun Hoon, 23/6/17)




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