AH expects 2015 revenue of Bt15.3bn with net profit growth of 3% on growth in the automotive sector. It targets revenue of Bt30bn in five years with 10% gross margin. It is talking to partners in India and Europe which is expected to be finalized soon. (ASTV, 10/12/15)
Comment: Still don’t see any real reason to buy this company when its peers are performing far better

MRTA to negotiate with BTS instead of bidding for the operational contract for the MRT Green Line (north and south). MRTA is considering transferring both lines to BMA. When it decides it will ask approval from cabinet. (Khao Hoon, 11/12/15)

CK plans to take part in bids for Bt600bn in public projects next year. It expects to win about 20%. It won a dual-track project (Jira-Khon Kaen) which will increase its backlog to Bt100bn from Bt77bn. (Post Today, 10/12/15)
Comment: And they’ll continue to win 1/4 of the projects

CPN targets 2016 revenue growth of 14-15% backed by four new department stores this year and two more next year. It plans to broaden its clientele by focusing on Indonesia and Vietnam. It expects to open a department store in Malaysia in 2017. (Thun Hoon, 11/12/15)
Comment: A really impressive growth machine that doesn’t stop

CSL expects 2015 net profit of Bt300mn aided by full occupancy of its data center. It targets broadband subscribers of 10,000, up from 4,000. (Thun Hoon, 11/12/15)

ECF says its subsidiary and Can Do (Japanese company) plan to invest in retail business. It plans to open the first three branches in December and targets 100 branches within five years. It plans to expand 40 branches via franchise in mid-2016. It expects this to increase revenue growth by 10% from its target of 12%. (ASTV, 10/12/15)

GPSC signed contract with PTTGC to supply 18MW electricity for 15 years. This is an extension of the prior contract (46MW) for seven years. (Thun Hoon, 11/12/15)

MACO is talking to a prospective partner in AEC which it expects to conclude in 2016. It expects a JV with a Malaysian company to contribute revenue of Bt30-40mn/year at the beginning of next year. It expects 2015 revenue to grow 15% from last year’s Bt668.31mn backed by high demand. (Thun Hoon, 11/12/15)
Comment: Finally some movement by MACO! Wake up, PLANB is going to dominate you.

ORI expects sales of over Bt5bn this year with Bt2bn in revenue. It plans to launch 8-10 new projects next year, valued at Bt10bn. Foreign investors are interested in ORI shares. It plans to increase its free float. (Thun Hoon, 11/12/15)
Comment: You’ll see an interview on this company shortly.

SAMCO expects good 4Q15 earnings on good transfers. It expects 2015 revenue to achieve its Bt1.8bn target. It plans to launch a Bt2bn new project. (Thun Hoon, 11/12/15)

SAMTEL expects 4Q15 earnings to reach a record high aided by Bt2bn transfers. It expects to sign a contract for the Bt3.3bn APCO project phase 1 which will lift 2015 net profit to Bt519mn. It plans to bid for Bt10bn in projects next year and expects to get Bt7bn. (Khao Hoon, 11/12/15)
Comment: And this is no surprise, I still expect for the company to continue winning more projects despite the rubbish in the news a few weeks ago.

SAT targets revenue from agricultural machine parts to comprise of 30% within 3-5 years (20% agricultural machine and 80% auto parts). It expects this strategy to reduce risk from automotive business. It began to produce this product six years ago and expects demand to increase in tandem with demand for agricultural machines. (Post Today, 10/12/15)
Comment: This is why SAT is one of safer players in the industry, and management is quite open in discussing every and any issue regarding the firm

SPA expects 4Q15 earnings to mark a record high on seasonality. It expects tourists to hit 30mn this year. It plans to open its 21st branch at Street Ratchada on Dec 15. (Khao Hoon, 11/12/15)

STA expects 4Q15 sales to be better as this is when rubber buyers stock up. It expects 2015 sales to be higher than 1mn tons. It plans to implement cost control which is expected to reduce impact from lower rubber price. It expects gross margin of 5-7% this year. (Thun Hoon, 11/12/15)

TASCO expects demand in asphalt to increase by 25% to 2.7 mn ton in 2016 from 2.2-2.3 mn tons this year. It says asphalt demand is growing steadily, especially in China, Indonesia, Malaysia, Australia, and Vietnam. (Post Today, 10/12/15)
Comment: Well they do have Thailand, Vietnam, Indonesia all embarking on government funded infrastructure projects

The European Aviation Safety Agency spared Thai-registered airlines from flying European skies, saying instead it will closely monitor and assist the country in upgrading its airsafety standards. (Bangkok Post, 10/12/15)

TSE shares are attractive, trading below fundamental value. It has solar farm and biomass power plants and plans to take over Japanese power plants which are expected to increase its net profit. It signed an MoU with a lumber company, who will supply enough waste for three 8MW biomass plants lasting 25 years. It expects to bid for PPAs when the 300MW southernmost allocations come up for grabs. (Thun Hoon, 11/12/15)

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