AJD
AJD expanding business to online top up machines. It has a three-month target to sell 20,000 machines with sale of 70,000 machines next year. The setup of a JV with YTO Express at Alibaba will finish this month. (Kao Hoon, 15/9/15)
Comment: So they’ll try and compete with FSMART, quite curious to see if AJD can really pull this off, we have major doubts.
AMATA
AMATA expects good news from successful in sell land to Chinese customer. It will book revenue in 3Q15 and realize gain in 4Q15. This will support revenue to hit target even though it sold only 408 rai in 1H15. (Thun Hoon, 15/9/15)
Comment: AMATA vietnam is the last driver left for this stock price
ANAN
ANAN increased revenue target to Bt26.5bn from Bt25.5bn after booking revenue of Bt17bn in the first eight months of 2015. It is confident that revenue will reach the target supported by its backlog Bt34.3bn. It will book revenue in 2H15 of Bt5.7bn. (Kao Hoon, 15/9/15)
Comment: Backlog target, not revenue target
HPT
HPT expects 2015 revenue to be unchanged from 2014, missing its target growth of 10% because it had to shut for furnace maintenance. The new furnace will ready to operate in 4Q15, supporting revenue growth of 20%. It plans to find a new customer at Australia Fair on September 18, 2015. (Kao Hoon, 15/9/15)

MACO
MACO plans to expand its business to ASEAN. It will set up MACO Outdoor in Malaysia to build banners along the exit road from the international airport. It expects revenue of Bt30-40mn per year. (Kao Hoon, 15/9/15)
SYNEX
SYNEX expects net profit growth to double this year from Bt181mn in 2014 due to cost management. It expects revenue growth of 10%. It plans to do an M&A with a company in Thailand and JV in Cambodia, with conclusion within 2016. (Kao Hoon, 15/9/15)
Comment: And if this is the case, again, what if they become the leader in cambodia too? 
TASCO
TASCO has profit of Bt2.4bn in 1H15 supported by increasing demand. It plans to increase asphalt capacity to 50,000 million tons from 30,000 million tons. In the first part of 2016, it plans to expand its business to lubrications. It ready to add ships to support transportation service. (ASTV, 15/9/15)
Comment: We think the company is rather fairly valued at these levels, however, now we should dream a little, what would the company be worth w/ 50 mn tonnes capacity and if oil prices are still @ these levels? 
TTA
TTA expects turnaround this year even though it reported a loss in 1H15 of Bt152.98mn, as BDI is now higher than breakeven. (Thai Post, 15/9/15)
Comment: Ah, another year that it will “turnaround” haven’t they been saying this for the past 4 years?
UWC
UWC is using subsidiary “UWC Solar” to operate six solar power projects with a total capacity of 45 MW. It expects to increase its portfolio to energy business. (Kao Hoon, 15/9/15)
Comment: Well there you go. Interesting that solar plays aren’t commanding the valuations that they once used to

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