AIT targets 2018 revenue to grow by at least 10% to Bt5.5bn, as it is going to book revenue from backlog of Bt4.1bn. It plans to bid for Bt20bn in new projects in both the government and private sectors. It believes 2017 revenue will achieve target of Bt5bn. (Thun Hoon, 8/12/17)
Comment: The IT sector has not seen much support from the government spending yet, should this be the case then perhaps the trio of IT names (AIT, SAMTEL, ITEL) will begin to perform well 
ITEL says its network business will grow significantly in 2018. It reports solid backlog of Bt3bn. It is going to bid for NBTC phase 2 project worth Bt14bn, which is expected to be held at the beginning of 2018. It expects 2017 revenue to grow by 30-40% to reach Bt1bn. (Thun Hoon, 8/12/17)
Comment: See above
MTLS targets 2018 loan to grow by 40% from this year and plans to add more store all over the country, which will raise number of stores to 2,800 by the end of 2018. (Thun Hoon, 8/12/17)
Comment: Their targets for 2018-2020 are 40%, 40%, 30%, and given how they’ve performed in the past would you bet against them?
PPM believes 2017 revenue will reach Bt1.5bn to a five-year high, backed by growth in the solar cell business. It has budgeted Bt100mn to expand its production capacity to 450 MW. (Khao Hoon, 8/12/17)
ROJNA signed an MOU to sell 300 rai to Projen Group, a Chinese company. It is also going to sell 4 rai on Sukhumvit 66 for Bt1.2bn in 4Q17. It believes 2017 revenue will reach target. (Khao Hoon, 8/12/17)
Comment: I’ve always thought this was an undervalued name for the past few years given the power assets that it has. But they’ll need to begin selling their land assets before it’ll start performing
SENA expects 4Q17 earnings to make a new high at Bt452mn, implying growth of 341%, as it expects to book revenue of Bt2.343bn in the quarter, which will lead 2017 earnings to rise to Bt762mn. (Khao Hoon, 8/12/17)
TKT targets 2018 revenue to grow by at least 5-10% in tandem with the growth in exports. It currently has backlog of Bt1bn, which will be booked as revenue next year. It is also negotiating with 2-3 new customers, which it expects to finalize in 2Q-3Q18 . (Thun Hoon, 8/12/17)
TWPC signals 4Q17 sales volume is growing continuously. It expects 2017 revenue growth to exceed target of 7-9%. It is going to start up new factories in Vietnam and Cambodia in 1Q18 and will finalize the plan on the startup of a factory in Myanmar in 2020. (Thun Hoon, 8/12/17)
Comment: A great little name that continues to perform
VGI is issuing 340mn new shares as PP at Bt6/share, with selling and payment date on Dec 7-13. This will raise Bt2.040bn, which it plans to use for domestic and foreign investment, with 29.49mn to cover the exercise of MACO-W1. (Khao Hoon, 8/12/17)
Comment: Hmmm not quite the best outcome for the group if they’ve had to raise money in one organisation just to finance the other. As a minority shareholder would you be happy with this?
  1. At some point IT and contractors will look interesting. Have positions in Samtel and AIT and just initiated a position in CK at 25.75. Keeping an eye on Uniq as well.

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