AJ reported substantial growth in 2016. It expects 2017 performance to be robust from expanding to Europe, stimulus measures, exports, and better purchasing power. It expects this to increase orders for BOPP, BOPET, and BOPA, which are used for packaging. It plans to introduce new products with higher margin. It also plans to do line extension. (Thun Hoon, 13/03/17)
Comment: This company has been promising to expand, grow, capture market share but they haven’t been able to execute as well as expected in the past few years. 
BAFS expects 2017 revenue to grow 5% with aviation fuel at 6,000mn liters, backed by government stimulus measures and a positive outlook for tourism. (Kao Hoon, 13/03/17)
FN expects to open its ninth branch in Hat Yai in April. It targets 2017 revenue growth of 20%. It is budgeting Bt120mn to open one more branch this year. (Kao Hoon, 13/03/17)
Comments: Seems fairly priced. 
GIFT expects 2017 to outperform brought by OEM. It expects this to increase margin to 27%. It expects sales to recover on the back of better purchasing power. It expects 2017 revenue to grow 10-15%. (Thun Hoon, 13/03/17)
Comment: Interesting that templeton went into this name
GTB targets 2017 revenue growth of 10-15% brought by high demand for steam generators. Its backlog is Bt560mn, which it expects to book this year. (Kao Hoon, 13/03/17)
GUNKUL plans to take part in 1000MW alternative energy bids, expecting to get at least 10% or 100MW. It expects 2017 revenue to reach Bt4.3bn. It plans to study alternative energy investment in Malaysia and Vietnam. It plans to ask board approval to issue a Bt3-5bn debenture. It plans to hold a roadshow in Hong Kong and Singapore. (Thun Hoon, 13/03/17)

JUBILE expects 1Q17 performance to be good. It plans to launch a new collection next week, which will boost revenue. It targets 2017 revenue growth of 10-15%, focusing on SSS growth. It plans to open 6-7 more branches with capital investment of Bt7-10mn/branch. (Kao Hoon, 13/03/17)
KOOL expects 2Q17 performance to be good on the back of seasonality. It plans to increase its distribution channels via modern trade. It also plans to expand to CLMV. It targets 2017 revenue growth of 40% YoY. (Thun Hoon, 13/03/17)
MTLS plans to hold a roadshow in Hong Kong in order to attract foreign investors, with a decision in mid-March. It targets 2017 loan growth of 50% from last year on the back of high demand. It is budgeting Bt240mn to open new branches. (Thun Hoon, 13/03/17)
Comment: Would you bet against this company growing another 1x this year?
NCH expects 1Q17 performance to be good. It plans to launch new projects to raise revenue to Bt1.7bn, up 20% YoY. It is looking for a partner to invest both at home and abroad. (Thun Hoon, 13/03/17)
PLANB is negotiating to acquire 2-3 businesses in AEC after buying one in Indonesia. It targets revenue from abroad to comprise 20% in 2020 with total revenue of Bt5bn. It expects 2017 revenue growth of 20%. It is budgeting Bt400-500mn to expand out-of-home media business abroad. (Thun Hoon, 13/03/17)
ROJNA expects to book revenue from 110MW SPP3 in mid-2017. It targets land sales of 500 rai this year. It expects Bowin and Laem Chabang IE to benefit from EEC. (Kao Hoon, 13/03/17)
SUSCO targets 2017 sales growth of 8-10%. It plans to cooperate with partners to launch a marketing campaign to increase its customer base. It plans to expand its retail business to boost revenue. It targets to open 20-30 service stations/year. It targets 250 service stations at the end of 2017. (Thun Hoon, 13/03/17)
Comment: I’m far more curious about the EBITDA/Gross Profit/FCFF growth instead of sales for this company. The fact that PTG could scale at such an incredible rate and that SUSCO doesn’t try makes me question management’s drive.
SYNTEC expects to get more orders upon the launch of more projects by property developers. It expects to get more civil works projects. It expects 2017 revenue to grow more than 5% with backlog of Bt12bn. (Thun Hoon, 13/03/17)
Comment: Their gross margins were astoundingly high last year, rare for a construction co, and 

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.