AP expects to open 12 new projects in 2H16 in total worth Bt25.58bn. This will support 2016 presales to hit its target of Bt31bn. Presales are at Bt14.07bn with backlog of Bt17.06bn, of which it will book Bt8.7bn this year. It is confident that revenue will reach target of Bt23.7bn. (Kao Hoon, 31/08/16)

Comment: One of the few property developers that may show growth next year, some analysts are writing +30% in EPS



BEM expects 4Q16 to be good, supported by more than Bt3.6bn in revenue from Sriratch expressway and Purple Line, with 2016 revenue of Bt13.1bn. It expects profit growth of no less than 9%. It expects no effect from the fare reduction for the Purple Line as it is offset by a steady increase in passenger volume. (Thun Hoon, 31/08/16)


BJC cut its 2016 revenue target growth to 7-9% in response to lower sales. However, it expects profit to increase from a change in is sales strategy . (Kao Hoon, 31/08/16)

Comment: Metro in VN looks exactly like MAKRO, regardless the story for BJC is all around BIGC



GENCO has set up 2 subsidiaries to prepare to build a 9.9MW power plant. (Kao Hoon, 31/08/16)


J expects 2H16 continue to grow supported by booking more revenue. It targets 2016 revenue growth of 30%. It has budgeted Bt1bn to develop projects at Srinakarin worth more than Bt600mn and land acquisition which expects to open at the end of the year. It plans to set up an REIT worth Bt500mn next year. (Kao Hoon, 31/08/16)


MILL expects 3Q16 to be good supported by booking an extra item from sale of shares to Global Steel and revenue from its Myanmar factory. It expects sales of more than 900k tons backed by big government projects. (Thun Hoon, 31/08/16)


MONO expects 2H16 turn to profit from a loss of Bt67.1mn in 1H16 supported by more advertising on digital TV and old business. It plans to launch new content to support business in the long run and expects to maintain its rating at #4. (Thun Hoon, 31/08/16)


PIMO expects to produce new motors using new technology with a US partner, which it expects to sell to Australia, EU and US customers. It plans to expand to CLMV and maintains its target revenue growth at 10-15%. (Kao Hoon, 31/08/16)


ROJNA plans to launch 1,000 rai IE at Chonburi, valued at Bt4bn after it got BOI approval. (Thun Hoon, 31/08/16)

Comment: Is this sleepy company ever going to wake up? I like their power assets but not much else.



TVD expects 2H16 earnings to be good on seasonality. It expects 2016 revenue to grow 20-25% with a record high net profit on higher sales and better cost management. It targets revenue growth of 15-20% next year. (Kao Hoon, 31/08/16)

Comment: Are there too many cooks in the kitchen with the taiwanese, japanese and thai’s running the co? 

  1. I guess that should read ”TVD expects 2016 revenue to grow 20-25% ” . Your previous comments/reports were objective and generally positive..has anything occurred to change your mind? Thanks !

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