AJD’s shareholders approved to change the company name to AJA. Shareholders also approved a Bt1bn debenture. It expects solid performance this year thanks to digital TV coupons. It also plans to expand its line of business to water dispenser service and E-money. (Kao Hoon, 02/05/17)
Comment: A name change? For what? I don’t think the digital TV coupons is going to anything magical, though I am becoming a bit more curious on their tie up with alibaba

AOT expects FY2017 performance to be close to FY2016’s Bt19.57bn. It is budgeting Bt11bn for investment and continuing Suvarnabhumi Phase 2 and Phuket International Airport expansions. It expects to reach a deal with the Treasury Department about the rental fee this month. (Thun Hoo n, 02/05/17)
Comment: This treasury department issue has been a hangover on the shareprice of AOT

BEC expects 2017 earnings to grow on the back of economic recovery and ad spending. (Kao Hoon, 02/05/17)
Comment: Still the incumbent leader in the industry and BEC & WORK would be the first two players in the industry to benefit from any uptrend in ad rates

BH reported 1Q17 net profit of Bt1bn, up 2.8% due to lower expenses. (Kao Hoon, 02/05/17)

CK expects to sign a Bt50bn contract, which will increase its backlog to Bt150bn. It expects this to contribute revenue of Bt35bn/year for the next three years. It plans to take part in upcoming bids. It says its financial status is strong with a lower D/E of 1.3X. It plans to issue debentures worth Bt7-8bn. (Thun Hoon, 02/05/17)

COM7 expects 2Q17 performance to be good thanks to iPhone7. It expects this to give it outstanding 1H17 revenue. It plans to launch a marketing campaign to boost sales. It is budgeting Bt200mn to open new branches and launch new products. It expects 2017 revenue to reach Bt19bn. (Thun Hoon, 02/05/17)
Comment: Could it be time for the iphone 7s or iphone 8 to push sales?

CSP expects robust earnings in 2Q17. It targets 2017 sales growth of 15%. It is budgeting Bt50mn to acquire more equipment. It is talking to a prospective partner with an eye to supporting its long term growth. It targets revenue to reach Bt5bn within 3-5 years. (Thun Hoon, 02/05/17)

EA’s shareholders approved the issue of a Bt20bn debenture for financial restructuring and to underwrite its business plan. It expects 2017 revenue and net profit to mark a record high fostered by solar and wind power plants. (Kao Hoon, 02/05/17)
Comment: It does say something about the local banking system if no bank was willing to provide corporate loans to EA. Or that debentures are far cheaper. This naturally also shows that EA has a lot of projects on hand.

GLOBAL expects 1Q17 net profit to mark a record high aided by high demand and adjustment in the booking of depreciation. It targets 2017 net profit to grow 30% thanks to new stores and high margin from house brands. (Thun Hoon, 02/05/17)

Red Line work suspended. The Transport Minister has suspended the construction of the Red Line, which is being handled by ITD, after three people were killed in an accident. The MoT plans to investigate ITD soon. (SiamRath, 02/05/17)

ML expects 2Q17 loans to be good brought by high demand from back-to-school purchases. It expects 2017 loan growth to be not less than 20%. It expects NPLs to improve, which will lower provisions and increase margin. (Thun Hoon, 02/05/17)

PSH expects Prueksa Real estate to report 2Q17 presales of Bt15bn. It plans to launch 23 projects, valued at Bt17bn, under its “Pruksa 4.0” strategy. This strategy is designed to improve products and service quality. (Kao Hoon, 02/05/17
Comment: PSH does show that the maximum value that any resi property developer can do in Thailand.

PTT’s shareholders approved the transfer of its oil business to PTTOR, involving assets worth Bt115bn. It expects to complete the transfer within 2017 before listing PTTOR. It targets oil stations to reach 1,800 within five years. (Kao Hoon, 02/05/17)
Comment: A shame that it has been postponed. I’m wondering if it will reach the heights of SUSCO and PTG in multiples.

SEAOIL expects 2Q17 performance to be good brought by the return to a normal situation. It expects refineries to operate normally in May. It expects net profit to reach Bt70mn with 20% gross margin backed by cost control. (Thun Hoon, 02/05/17)

SMT expects 1Q17 performance to return to the black thanks to large orders for highmargin products plus with no provisions for its set-top box. (Thun Hoon, 02/05/17)
Comment: I do think that the potential turnaround in performance has been factored into the stock price.

TMI expects 2017 revenue to grow 20% on the launch of ten new products and large orders from expanding abroad. It plans to take part in Bt40mn bids. It targets 2019 revenue to reach Bt1bn. It is studying the restoration of used car batteries to help build growth. (Kao Hoon, 02/05/17)

WINNER expects 1H17 performance to be better than 1H16’s Bt846mn, backed by numerous orders. It targets 2017 revenue to be above Bt1.73bn, with more clients and new products. It also expects to benefit from the baht appreciation. (Thun Hoon, 02/05/17)

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