AJD reported 2016 net profit of Bt355mn backed by AJ Top Up machines. It expects to continue to grow in 2017 with a target of 40,000 Top Up machines. It expects to ask board approval to change the company’s name to AJ Advance Technology (AJA). (Kao Hoon, 02/03/17)
Comment: Am I going to have to put my head in the sand like an ostrich?
BPP expects 2017 revenue to continue to grow from Bt9.8bn in 2016 in tandem with higher power plant capacity. It expects the solar farms in China and Japan to start operations in 1Q17. (Kao Hoon, 02/03/17)
CI cooperated with LOXLEY to invest in a waste power plant in Phuket with Bt1.2bn capital investment. It expects finalization this year. It targets 2017 revenue growth of 5-10% on the back of backlog of Bt2.7-2.8bn, of which Bt2bn will be booked this year. (Kao Hoon, 02/03/17)
Comment: Well thats most certainly diversifying one’s business model
CCP targets 2017 revenue of Bt2.55bn on the back of numerous orders and new projects. It expects this to raise its backlog from Bt2.5bn, which is sufficient to cover revenue until next year. It sees a positive industry outlook and expects this to boost performance. (Thun Hoon, 02/03/17)
CK reports backlog of Bt100bn. It plans to take part in upcoming bids, especially public projects. It reported 2016 net profit of Bt2bn. (Kao Hoon, 02/03/17)
ECF reported 2016 revenue of Bt1.39bn. It plans to expand its customer base both at home and abroad, especially in AEC. It expects exports to comprise 10%. It set up a subsidiary (ECF-P) to engage in the power business. (Thun Hoon, 02/03/17)

HTECH expects 2017 revenue to grow not less than 8-10% on the back of disk drive orders. It expects to complete a deal with Malaysian clients that will supply orders for 8-10 years. It expects to trade on the SET in 2Q17. It announced 2016 net profit growth of 75%. It is paying a dividend on 2H16 performance of Bt0.11/share. (Kao Hoon, 02/03/17)
ILINK targets 2017 revenue growth of 30% aided by Bt1.51bn backlog, of which 50% is expected to be recognized this year. It plans to take part in 12 bids worth Bt17.41bn. (Kao Hoon, 02/03/17)
ITEL expects substantial growth in 2017 performance. It expects revenue to grow 30% brought by Bt1.13bn backlog. It is budgeting Bt300mn to invest in a second data center and expand its fiber optic network to boost revenue. (Kao Hoon, 02/03/17)
K plans to expand to ASEAN. It is interested in setting up offices in Cambodia and Laos, with exports eventually providing 30% of revenue. It expects Myanmar to contribute good revenue. It targets 2017 revenue growth of not less than 25%. It plans to take part in Bt500mn bids on Friday. (Thun Hoon, 02/03/17)
Comment: Again the story here is simple, all these shopping malls will have new retail space that will require companies such as K to build them.
MC expects 1Q17 sales to mark a record high on seasonality. It targets 2017 sales to grow 12-15%. It is budgeting Bt70mn to add 20-25 selling points. It expects to engage in cosmetic products which it plans to comprise 5% of total sales within five years. (Kao Hoon, 02/03/17)
Comment: Well I’ve been proven wrong with this company, didn’t believe that they would be able to achieve their sales targets without cutting their margins
MFEC targets 2017 net profit growth of 15% after it has restructured its business with a focus on “Start Up”. It expects this to supply sustainable growth in both revenue and net profit. It has established a new company, Playtorium Solutions, to provide test services for integrated software. (Kao Hoon, 02/03/17)
MINT expects 1Q17 performance to be better on more tourism. It plans to renovate hotels both at home and abroad that will allow it to increase room rates. It expects to sell more than Bt1bn worth of villas in Phuket to support 2017 performance. (Thun Hoon, 02/03/17)
ML expects 2017 net profit to be better than 2016’s Bt118mn due to loan growth from economic recovery. It plans to broaden its SME customer base to widen spread. It expects NPLs to come down and stay below 2.5%. (Thun Hoon, 02/03/17)
NOK plans to do a capital increase via RO, at a ratio 1:1 at Bt2.4/share. The subscription period is May 16-19 and 22. It is also issuing warrants. It expects to use the funds to expand its routes. It expects to need capital investment about Bt2.28bn. (Thun Hoon, 02/03/17)
PTG is setting up a JV with Sammitr JV which will engage in non-oil business and a lorry repair center. The JV will have Bt100mn registered capital. It expects non-oil business to contribute about 15% of total revenue. It targets 2017 sales to grow 30-40% this year. (Manager 360, 02/03/17)
Comment: They now have the network of stations from which they can sell space, rent out locations, anything is possible.
SQ reported 2016 net profit of Bt323mn, up 264% on the back of Mae Moh and Hongsa projects. Its backlog marked a record high of Bt39bn. It expects revenue and net profit to continue to grow. (Kao Hoon, 02/03/17)
TPBI expects 2017 revenue growth of 10% with net profit margin of 8%. It is budgeting Bt600mn to increase capacity and improve machines. It plans to acquire packaging companies both at home and abroad, with one deal completed this year. (Kao Hoon, 02/ 03/17)
VTE reported 2016 net profit of Bt50mn, up 146.9%. It got projects in the Philippines and Myanmar, and expects to book revenue of Bt2.5bn this year. It expects to complete a deal for a Japanese power business by mid-2017. (Thun Hoon, 02/03/17)
XO targets 2017 sales growth of 5% even though the new plant is not yet running at full capacity. It expects capacity to double by mid-2017. It plans to focus on sauce and dip products. Its 2016 revenue grew 18.66% as targeted. (Kao Hoon, 02/03/17)

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