AJD expects to benefit after NBTC announced distribution of 4mn digital coupons on Mar 2. It expects 1Q17 performance to be robust. It targets set-top box sales of 600,000 units this year. (Thun Hoon, 20/03/17)
Comment: The difference between AJD and FSMART is that AJD will recognise sales 1x when a machine is sold whereas FSMART will recognise sales over the period.
BSM plans to implement cost controls that will lead it to a net profit this year despite the property sector slowdown. It plans to launch new products with a revenue contribution of Bt50mn. It targets 2017 revenue growth of 20%, focusing on its three business units. (Thun Hoon, 20/03/17)
CHOW expects 1Q17 performance to be good aided by higher steel volume. It has orders for 60,000 tons. It expects 2017 sales to reach 150,000 tons. It targets 2017 revenue to reach Bt2.8bn. It plans to operate a 100MW solar farm. (Thun Hoon , 20/03/17)
KSL targets FY2017 revenue growth of 10% brought by higher sugar prices. It plans to increase ethanol capacity. It is interested in taking part in a biomass power plant as it has capacity of 100MW. It plans to submit the filing for KKA in 3Q17. It reported 1QFY17 net profit growth of 27%. (Thun Hoon, 20/03/17)
Comment: Someone is loving this name.
KTB says loan factoring reached Bt7-8bn in the first three months of this year. It expects 2017 loan growth to reach Bt15bn. It expects market share of 20%. (Kao Hoon, 20/03/17)
MEGA plans to expand abroad, with good growth in Malaysia. It expects to recognize revenue of US$14mn this year from its stake in Bio-Life Marketing. It targets to maintain its profit margin at 8-9% close to last year’s 8.99%, with gross margin of 40%. It is looking for M&A opportunity. (Thun Hoon, 20/03/17)
Comment: They’ve continued to grow decently, but I still don’t quite get why it trades as this valuation

OCEAN targets 2017 revenue growth of 20% despite a flat performance in 1Q17 YoY. It plans to launch new products. Its currently capacity is 2mn units/year which is expected to be enough for upcoming production. (Thun Hoon, 20/03/17)
PACE expects 2017 performance to turn around thanks to transferring Mahanakorn and its food business. It plans to launch a new project valued at Bt6.8bn. This will increase its backlog from Bt9bn and cover revenue until end of this year. (Thun Hoon, 20/03/17)
Comment: If things are rosy why would they raise such expensive financing from apollo and goldman? Why wouldn’t a bank lend to the firm?
PF plans to offer 300mn capital increase shares via PP sometime this year. Its backlog is Bt5.1bn; it expects Bt5bn to be booked this year. It expects this to increase revenue to Bt22bn. It plans to launch 16 projects worth Bt22.19bn. (Kao Hoon, 20/03/17)
PTT’s board approved listing PTTOR; it will go to shareholders for approval on Apr 28. It also plans to transfer Bt120bn in business to PTTOR. It will pay a dividend of Bt10/share on 2H16 performance, XD on Mar 29. (Kao Hoon, 20/03/17)
SE targets 2017 revenue growth of 10% aided by more jobs. It is budgeting Bt40mn to invest in an office and engineering center, with completion expected in 3Q17. (Kao Hoon, 20/03/17)
SGP targets 2017 sales growth of 5-6% on the back of orders from overseas. It recently imported 33,000 tons of LPG to add to domestic supply. It is talking to a party to invest in a gas plant in Malaysia, with some clarification expected in 1Q17. (Thun Hoon, 20/03/17)
UAC plans to expand to CLMV. It expects to complete a deal for a 20MW biomass power plant in Myanmar. It targets 2017 revenue of Bt1.8bn. It is budgeting Bt4bn for investment to support growth. (Thun Hoon, 20/03/17

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