AP expects 1Q17 presales at Bt3.75bn. It plans to launch four projects valued at Bt15.65bn in 2Q17. It expects 2017 presales to hit its target of Bt26bn on the back of the launch of 18 projects with total value of Bt35bn. (Kao Hoon, 11/04/17)
BA and THAI plan to codeshare in order to increase their competitiveness. They estimate this will increase sales by 26%. BA expects revenue from codeshare to increase by 4-5% from the current 20%. It targets passenger growth of 12% with a 72% loading factor. It also plans to open three more routes this year. (Thun Hoon, 11/04/17)
Comment: Why is it that only BA and AAV are the decent performing airlines listed in the Thai equity market? Perhaps the lack of government involvement?
BIZ got a Bt70mn project in Cambodia which will act as a springboard to expand its business in CLMV. Its backlog is Bt350mn which can cover revenue until 2018. It continues to take part in both public and private bids. (Kao Hoon, 11/04/17)
DRT expects 2017 revenue to grow 5% aided by the positive outlook for the construction materials sector in 1Q17. It expects to be benefit from economic recovery and good exports to neighbouring countries. (Kao Hoon, 11/04/17)
BCP plans to expand its business to innovative green business. It targets 2017 EBITDA from biochemical business to grow 20%. It plans to change its company’s name to Bangchak Corporation with the same abbreviation of BCP and same logo. (Kao Hoon, 11/04/17)

EA resumes construction of 260MW Hanuman wind power plant after the Agricultural Land Reform Office confirmed that 17 wind farms are legal and can continue. It expects the first phase to operate in 2Q18. (Kao Hoon, 11/04/17)
Comment: Wait where did this news come from? There’s been nothing official yet. 
FN opened its ninth branch in Hat Yai. It expects the Songkran festival to increase its sales – and 2Q17 revenue. It targets 2017 revenue growth of above 20%. It plans to open one more branch in 3Q17. (Kao Hoon, 11/04/17)
JAS expects to book extra gain of Bt12.29-25.63bn from selling Bt50-70bn in assets to JASIF. (Kao Hoon, 11/04/17)
MAJOR expects 1Q17 performance to continue to grow fostered by good ticket sales backed by a good movie lineup as well as its screen expansion. It expects 2017 revenue to grow not less than 10%. It plans to add 70 screens. (Thun Hoon, 11/04/17)
Comment: QoQ #’s will look good only because of HM the King’s passing in 4Q16, regardless they are continuing their monopolistic grip on the market in Thailand and Cambodia. 
RATCH participated with MPI to invest in 275MW combined-cycle RIAU in Indonesia. It signed the contract on April 7. It expects this to operate in 2021. (Kao Hoon, 11/04/17)
RJH targets 2017 revenue growth of 10-15% supported by Rajthanee Rojana hospital which is expected to contribute net profit of Bt24mn this year and Bt50mn revenue from the Heart Center. (Kao Hoon, 11/04/17)
RPH expects 2017 revenue to be higher than last year’s Bt416mn aided by a broader customer base. The construction of a 202-bed facility continues, with 101 beds expected to be open in 2Q18. Local institutional investors are interested in RPH shares on the back of its solid growth. (Thun Hoon, 11/04/17)
Hurry up! The telecom regulator has urged the Digital Economy and Society (DE) Minister to settle the operating fee structure for the latest two satellites of Thaicom Plc by May in order to put an end to over a year of confusion in the local satellite industry. (Bangkok Post, 11/04/17)
WORLD continues to expand its property investment. It recently acquired three properties valued at Bt1mn. It expects this to contribute revenue in September. It targets taking the lead position in the integrated property business. (Kao Hoon, 11/04/17)
Comment: Think there’s a typo in this news release…now this property company is a bit different as they are focused on the Southern region. Could this become a decent proxy play?
  1. Handshake agreement and brown paper envelops to the big wigs at the ALRO? The ALRO head did reiterate it again on radio but I guess EA must be confident of the decision in the absence of an official letter etc..

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