ALLA has backlog of Bt324mn which will continue to book since 4Q16. It is ready to get a new job and expects earnings to be outstanding next year supported by overall investment is recovery. (Kao Hoon, 21/11/16)
BSM got a Bt100mn job to produce doors and windows in Papua New Guinea. It plans to send the products in 1Q17. It targets 2017 revenue growth of 20% and expects 4Q16 to be good supported by more orders. (Thun Hoon, 21/11/16)
Comment: I’ve liked management here but their numbers haven’t been as strong as expected since they’ve gone public
CI board approved sale of assets by subsidiary CIR to Sripanwa Trust. The total value of the deal is Bt1.29-1.30bn. It expects to use the funds to repay debt, buy trust units and invest in a new project. (Kao Hoon, 21/11/16)
Comment: No surprise here, CI has become quite the decent little property company
GPSC has signed an MOU with MTEC-24M. It has a 2017 investment budget of Bt3.3bn to expand its electricity business. (Kao Hoon, 21/11/16)
GUNKUL board approved the purchase of BMP Solar’s preferred stock which will add solar farm capacity of 8MW. It expects this investment to support company policies and make it the leader in renewable energy. This will support its assets and profit growth in the future. (Thun Hoon, 21/11/16)
IRPC expects 2017 EBITDA to be stable at the 2016 level of Bt18bn and expects GIM of US$13-14/bbl. It has budgeted US$200mn to increase PP capacity by 300k tons per year. It expects crude price to increase to an average of US$52-57/bbl in 2017. (Kao Hoon, 21/11/16)

MILL expects 4Q16 to recover after being slowed in 3Q16 by machine stoppage. It has export orders of 4,000-5,000 tons and sales volume will reach 1.5mn tons. It plans to set up a JV in Vietnam by the end of 2016. (Thun Hoon, 21/11/16)
NOK decreased its holding in Air Black Asia Pacific to 15% from 25%. It has contracted to transfer shares to two airline partners and pay cash of US$50,000. (Thun Hoon, 21/11/16)
Comment: Just wait, NOK is going to have to recap soon.
PCA expects 4Q16 to be normal due to orders in hand of more than Bt250mn which will be booked through 4Q17. It expects 2016 to have profit backed by a return to profit in 2H16. It expects to get a Bt15bn job for household internet. (Kao Hoon, 21/11/16)
PLANB expects double digit revenue growth in 2017 supported by digital media and airport media expansion together with booking a full year of revenue from BrightSky and the rights from the football club. It plans to conclude the deal to acquire media in AEC in 1H17. It expects 2016 revenue to grow 20% as targeted. (Thun Hoon, 21/11/16)
PTT plans to list subsidiary PTTOR on the SET. It expects to receive board approval in April 2017. It reported 9M16 assets of Bt86.41bn with profit of Bt13.56bn. (Kao Hoon, 21/11/16)
Comment: The retail business, what valuations could it get for this? Something similar to PTG and SUSCO?
PTTEP expects EBITDA margin to reach 70% in 2016. It expects crude price in 4Q16 to 2017 to range from US$45-50. It has cash on hand of US$3.7bn. (Kao Hoon, 21/11/16)
PYLON expects the industry to recover from government investment in 4Q16. It reported 3Q16 net profit of Bt41.57mn or growth of 28.32%. Backlog is Bt550mn. (Thun Hoon, 21/11/16)
TNR has set its IPO price at Bt16, subscription on Nov 21-23 and trading on Nov 29. It is the biggest producer of natural rubber condoms under OneTouch brand and expects to increase market share to 35%. (Thun Hoon, 21/11/16)
Comment: I suspect that there will be a lot of giggles around the product of this company
TOP expects 2017 GIM to be higher than 2016 to an average of US$7/bbl, supported by more demand and lower production. It plans to increase CFP project capacity to 400k bbl/day with conclusion and approval by the end of 2017. It plans 2017 investment of more than US$100- 200mn. (Kao Hoon, 21/11/16)
TTW reported 3Q16 profit growth of 8.5% YoY to Bt643mn supported by more sales and lower financial cost. Trist Rating maintained its AA- rating, which indicates that the company has a strong financial statement and fundamentals. (Thun Hoon, 21/11/16)

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