AJD is talking to a prospective partner which is expected to be finalized in 3Q15-4Q15. This deal will increase AJD’s competitive advantage by broadening its market abroad. It is looking for a partner who has a PPA to invest in a solar farm. (Thun Hoon, 09/07/15)
Comment: Again another PPA/renewable switch
AJP will ask shareholder okay to change its name to DCORP on August 3. It plans to invest in alternative energy with a budget of Bt3bn. (Khao Hoon, 09/07/15)
Comment: See above
BIG expects robust earnings in 2Q15. It plans to introduce a new product “Mirrorless” which will have a gross margin of 21%. It targets 2015 revenue to grow 10%. It plans to open five outlets in 2H15. It plans to wipe out retained losses soon. (Thun Hoon, 09/07/15)
Property companies are interested in taking over BROCK as it is debt free with strong fundamentals. It is talking with a Chinese partner to invest Bt10bn in property in Phuket. It expects 2Q15 earnings to be good and plans to launch a new project worth Bt400-500mn. (Thun Hoon, 09/07/15)

FER expects a 100MW power plant deal to be concluded soon. It expects to increase revenue from the energy business to 50%. It expects to get a Bt1bn job in Vietnam. It expects to show net profit this year and jump next year. (Thun Hoon, 09/07/15)
Comment: Right with an equity value of THB 1.2 bn this 100 MW power plant is a definite possibility!
FPI expects a good performance in 2H15 backed by the baht depreciation and fall in oil price. It expects 20% revenue growth and 3% more gross profit. It expects to increase capacity to 70-80%. (Thun Hoon, 09/07/15)
HEMRAJ announced an extra dividend of Bt0.443 per share (9.9% dividend yield). WHA expects to book Bt4bn dividend and Bt3bn extra gain from selling assets in 2H15. (Bangkokbiznews, 09/07/15)
Comment: And voila the asset stripping has begun, this is only the first round
IVL expects 2Q15 earnings of Bt2.4bn (+63% YoY) backed by high level of orders and stock gain. It plans to acquire more businesses. (Khao Hoon, 09/07/15)
KCM and BSM plans to introduce high margin products. It plans to open ten outlets in 2H15. It plans to invest in warehouses for rent, which is expected to contribute Bt35-50mn revenue each year. (Thun Hoon, 09/07/15)
MJD plans to launch a Bt500mn condominium in 2H15. It targets 2015 revenue of Bt2-3bn. Its backlog is Bt10bn which is expected to contribute revenue for 3-4 years. (Khao Hoon, 09/07/15)
MILL plans to pay down debt using the Bt321mn received from TSSI. It expects to reduce D/E to 1x and wipe out Bt594mn retained losses this year. (Khao Hoon, 09/07/15)
PAP expects 2Q15 earnings to turn around on a rise in sales of steel to 80,000 tons. It targets 15-18% revenue growth and sales of 320,000 ton of steel this year. It plans to expand to ASEAN. (Thun Hoon, 09/07/15)
PCSGH plans to focus on the truck market. It has been granted a Bt540mn project to produce metal components, which is expected to start production in mid-2016. (Khao Hoon, 09/07/15)
Comment: We do wonder if this is going to hurt its wonderfully high margins
2Q15 profit is expected to be good thanks to iron price recovery. It is budgeting Bt1.5bn to invest in the energy business. Foundations for a biomass power plant are expected in 2H15. (Thun Hoon, 09/07/15)
Management expects 20% 2015 revenue growth aided by increasing oil demand. It expects to maintain 15-20% revenue growth. It expects to sign a contract with Esso and IRPC for oil sales. (Thun Hoon, 09/07/15)
Comment: It’s the bottom line growth here that has been amazing, a perfect example of operating leverage and economies of scale here.
PTT says there will be no problems at NGV stations in the south because of the closure of the JAD pipeline for maintenance. The Ministry of Energy has an emergency plan in case of power failure. (Khao Hoon, 09/07/15)
SAPPE plans to increase capacity to 130,000 tons/year by setting up a new factory at Klong 13. It expects to expand its market both at home and abroad. It targets to achieve revenue of Bt5bn within 2017. (Khao Hoon, 09/07/15)
Comment: And this has made the stock attractive yet again to local speculators
SYNTEC expects 2Q15 profit of Bt118mn (60% growth) backed by Bt9bn in backlog. It is waiting to sign a Bt5.3bn job. It expects to get 20-30% (Bt2.5-3.5bn) from upcoming bids valued at Bt12bn. (Thun Hoon, 09/07/15)
Comment: At least Syntec is reasonable with the value of projects it can be awarded
TK plans to open four outlets in Laos and Cambodia, which it expects to be cleared next year. It plans to open three branches in Thailand in the remainder of this year. It hopes to get its nano-finance license in 3Q15. (Thun Hoon, 09/07/15)
TSR expects 2Q15 earnings to rise backed by sales growth (8,000 water filters and 400 air conditioners each month). It expects to report 2015 revenue of Bt1.7-1.8bn. (Khao Hoon, 09/07/15)
Comment: These are amazing numbers coming out of TSR
TTA expects to report net profit in 2Q15 after a net loss in 1Q15 of Bt288mn on a better performance at subsidiaries and a stronger BDI. It expects an acquisition to be concluded in 3Q15. (Khao Hoon, 09/07/15)
TUF benefits from the baht depreciation, with the weaker baht helping to boost exports. (Khao Hoon, 09/07/15)
HEMRAJ announced an extra dividend of Bt0.443 per share (9.9% dividend yield). WHA expects to book Bt4bn dividend and Bt3bn extra gain from selling assets in 2H15. (Bangkokbiznews, 09/07/15)

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