Vietnam government approved “Super South Vietnam investment Plan” project license. AMATAV has budgeted US$23mn to develop a housing project. It expects to get a license for two projects in 3Q16. It is confident that land sales will reach target of 150 rai. (Thun Hoon, 08/04/16)
Comment: Could there be value here that we haven’t discovered yet? Or will it be a typical AMATA performance with a lot of promises but not much follow through
BIG got good response to the BIG Camera-BIG Festival event. This led sales up 30-40% YoY. It targets 2016 revenue growth of no less than 10%. It plans to increase its share of the high-end camera market to 65% from 55%. (Thun Hoon, 08/04/16)
Comment: They’ve done an amazing job in boosting their sales
BJCHI expects 1Q16 net profit of Bt490mn, growth of 204% supported by continued submission of the TUPI job. It expects to sign for its third TUPI job soon. (Kao Hoon, 08/04/16)
DAII has budgeted Bt20mn to set up a steel nano factory to supply the ASEAN market in the future. It expects to open two new showrooms. It is confident that 2016 revenue will grow 15% from Bt402mn in 2015 driven by its backlog of Bt1150mn. (Thun Hoon, 08/04/16)

GPSC plans a JV to set up a plant to manufacture batteries to store solar energy. It expects this deal to conclude in 2017. In the short term, 24M plans to increase capital and GPSC will spend US$5mn to keep its shareholding at 17%. (Kao Hoon, 08/04/16)
PCA has revenue from remote (live) broadcasting vehicle of more than Bt85mn. It targets orders for 20 such vehicles in 2016. It is confident that 2016 revenue will grow 15-20% from Bt1bn in 2015. It expects profit this year will be higher supported by its new business “Planet Fiber” which has a margin of 30-40%. Backlog is more than Bt400mn. (Thun Hoon, 08/04/16)
Comment: We doulbt their ability to scale with the Planet Fiber, if even Symphony (once a darling) can’t compete versus TRUE, now we have AIS thrown into the mix as well, PCA’s business plan may have to drastically change
SEAOIL expanded to a new customer to increase gross profit by 3%. It plans to increase the portion of its trading business in Thailand and abroad to 85% from 50% in 2015. (Thun Hoon, 08/04/16)
SENA expects 1Q16 earnings will be good supported by more transfers and sales of more than Bt1bn. It is confident that revenue in 2016 will reach Bt3.5bn, growth of 50%. It will launch nine new projects in total worth Bt5.3bn. (Kao Hoon, 08/04/16)
SUPER starting up its 300MW solar farm. It is confident that electricity delivery will rise to 500MW from 230MW in April. It plans to invest in a 10MW waste power plant in Sakaeo or Prachinburi in 2Q16. (Kao Hoon, 08/04/16)
THCOM expects 1Q16 profit of Bt700mn, growth of 28%, as Thaicom 7 has reached full capacity. It expects Thaicom 8 will go into orbit in June. (Kao Hoon, 08/04/16)
LAB project and SPP power plant start operating. This will support a 2016 GIM of over US$9. It has an investment budget of US$350mn to expand its business. (Kao Hoon, 08/04/16)
TSTH expects FY2016 earnings will be outstanding. It expects 4QFY16 (Jan-Mar) earnings will turn around from a loss of Bt357mn in FY2015 supported by higher steel bar prices due to a shortage of steel in the market. (Thun Hoon, 08/04/16)
Comment: I’ve been waiting (and hearing) about a turnaround for the past …. 6 years?
TU expects 1Q16 net profit to surge 58% to Bt1.2bn driven by more revenue, wider gross margin, lower interest and tax expense and more profit from subsidiaries. (Thun Hoon, 08/04/16)
Comment: I do wonder if one were to value TU based upon its brand portfolio would that change how investors look at it?

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