AIT revised down 2015 revenue target from Bt6.8bn to Bt5-5.5bn due to a slowdown of government projects. Earnings are expected to turn around in 2H15 backed by infrastructure investment. (Post Today, 05/06/15)
Comment: Whatever happened to the wonderful digital economy that was supposed to push AIT’s growth into the stratosphere like every broker predicted?

ANAN reported 5 month sales of Bt11bn. It plans to list subsidiary The Agent in a few years. It expects its subsidiary to report sales of Bt8.5bn. (Khao Hoon, 05/06/15)
Comment: No idea on what “The Agent” is, will have to look at it, but I do like the long term story of ANAN the most out of every property developer

CI expects a net profit in 2Q15 from 2Q14’s loss of Bt25.78mn aided by booking revenue. It is confident it will achieve 15% revenue growth this year, benefitting from an uptrend of the property sector. The company plans to open a new project worth Bt4bn. (Thun Hoon, 05/06/15)
Comment: They have been buying shares back in the market for the past 12 months, perhaps there’s a story here.

1H15 earnings will be better than 2H14 on higher orders and coal price. 2015 sales are targeted at 10mn tons. The investment in a power plant in the Philippines is expected to be finalized by 4Q15. Management says the baht depreciation is leading to higher exports. (Thun Hoon, 05/06/15)

GLOW expects stable 2015 revenue and earnings although capacity increased by 20MW. It signed a US$6mn electricity equipment sales contract with SCFCL. (Thun Hoon, 05/06/15)

GPSC says its Bt3.67bn 40MW power plant in Rayong has received its EIA approval. The first phase is expected to start operations by 2017. (Khao Hoon, 05/06/15)

IRPC is ready to bid for Bt3bn in projects. It expects to get 50%. It is confident 2015 revenue grow 30% compared to last year. It has just signed the contract to become a selling agent of telecommunication product in Singapore. (Thun Hoon, 05/06/15)

JSP expects 2015 revenue of Bt4bn, benefitting from transfers and two new projects worth Bt8bn. It plans to invest Bt1bn to buy land for development of its next project. (ASTV 05/06/15)

MALEE expects 13% sales growth in 2Q15 benefitting from a robust juice market. MALEE has put off its plan to launch a new product to boost 2015 sales to reach its targeted growth of 10%. (Thun Hoon, 05/06/15)
Comment: Investors seem to be confused on how to value this company, as an OEM manufacturer (PE ~10x) or as a consumer brand (PE ~30x)? Crazy isn’t it?

ML expects robust earnings in every quarter, benefitting from high margin products. It expects 15% growth in loans from Bt3bn. The company is ready for the nano-finance scheme and is not concerned about bad debt. It plans to issue a Bt3bn debenture. (Thun Hoon, 05/06/15)

2Q15 earnings expected to hit new high. It has projects on hand worth Bt350-390mn and expects to get more projects, such as the Green Line (Mo Chit-Kukod), worth Bt2.1bn. (Khao Hoon, 05/06/15)
Comment: One of the smaller contractors that continues to win projects

MTLS expects 2015 loans of Bt11bn from 2014’s Bt7bn, growing greater than its target of 20-30% because commercial banks are concerned about bad debt and are becoming more strict in loan approvals. (Post Today, 05/06/15)

2Q15 profit is expected to be better than 1Q15’s. It says 2015 revenue will reach a new high, backed by its backlog and government project. The company continues to bid for new projects. (ASTV, 05/06/15)

TASCO MD says 2015 profit is expected to surge and mark a record high. 1Q15 profit was Bt1.09bn, near 2014 earnings of Bt1.16bn, backed by demand growth both at home and abroad. (Post Today, 05/06/15)
Comment: They are benefiting tremendously from the infrastructure spending (roads) and the supply constraints in Thailand, plus the added benefit of lower oil prices while asphalt prices haven’t declined as rapidly.

TPCH winds up roadshow in Hong Kong, Malaysia and Singapore. It reported that many investors are interested in its shares. Management says the good response from investors reflects confidence in the company’s fundamentals. (ASTV, 05/06/15)
Comment: An interesting biomass company that aims to be the largest in Southern Thailand

WINNER plans to acquire food businesses both at home and abroad that it expects to be cleared next year. It plans to set up an office in China to increase exports. It targets 2015 revenue of Bt1.7bn. (Thun Hoon, 05/06/15)

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