AP expects 2Q16 earnings to continue to grow, supported by its transfers. It expects 2016 revenue will hit target at Bt23.7bn supported by backlog of Bt12.9bn and the launch of 13 new projects. (Thun Hoon, 05/07/16)
BIG has opened its “WONDER PHOTO SHOP”, its first outlet for printing photos from smartphones. This has received good response. It expects 2016 revenue growth of 15%. It expects the camera market to continue to grow in 2H16. (Kao Hoon, 05/07/16)
Comment: Knowing how the consumer market works here, this may be incredibly popular for 12-18 months and then die off
CGD bought a school in UK for Bt848mn. It expects to book revenue of £600bn in 2H16. (Kao Hoon, 05/07/16)
CMO unveils new business strategy – CMO is marking its 30th anniversary by focusing more on tourism and its entertainment-and lifestyle-related business on top of its core eventmanagement operation as it aims to achieve a revenue target of Bt2 billion within two years. (The Nation, 05/07/16)
COM7 expects 1H16 earnings to be strong supported by the launch of “iPhone SE”. It expects 2016 revenue of Bt17bn. It plans to open 100,000 numbers within one year. (Kao Hoon, 05/07/16)
Comment: And we have the iPhone 7 coming!

DNA expects 2Q16 to be positive after restructuring. It plans to start construction of its water management business in 3Q16 and expects to finish in 4Q16. It plans to bid for a 36MW biomass power plant and expects to get a license. (Thun Hoon, 05/07/16)
EARTH expects 2H16 earnings to be good due to high season. It is confident that 2016 revenue will grow 10% from 2015, supported by more demand and an expanded customer base. (Thun Hoon, 05/07/16)
GOLD revised up revenue from property from Bt8bn to Bt9bn with presales of Bt14bn from Bt13bn. Its presales were Bt7.24bn in the first half of 2016. (Khao Hoon, 05/07/16)
KOOL expects 2Q16 net profit to mark a record high of Bt53mn, up 222%. It expects 2016 earnings growth of 800%. (Thun Hoon, 05/07/16)
KTB says its loan growth was 3% in 1H16 against its 2016 target of 9%. It expects 2016 loan growth of only 7%. It will keep NPLs to not exceed 3%. (Khao Hoon, 05/07/16)
Comment: A lot of investors are “banking” on the 2H recovery in Thailand. As said before its a provisioning game for the banks, they provisioned a huge amount last year and as long as the economy doesn’t fall off a cliff NPL’s will be “manageable” 
Sammakorn keeps gaze on low-rise, retail as economy slumps – SET-listed developer Sammakorn Plc will focus on low-rise housing development and retail business as the segments are more secure amid a gloomy economy, which is projected to continue in the second half. (Bangkok Post, 05/07/16)
SYNEX expects 2016 revenue to reach Bt23bn. It expects 2H16 earnings to be good driven by investment trend and IT improvement. It plans to expand its commercial product clients in to get in on the high demand. (Thun Hoon, 05/07/16)
TFG expects 2H16 earnings to be good brought by high orders for broilers from Europe. It expects to revise up its target in 3Q16. It expects 2016 revenue to grow 15% from supplying chicken to Thai Airways Catering. It is talking with a prospective partner to do a JV. (Thun Hoon, 05/07/16)
Comment: I am curious as to what accounting tricks they’ll use in their 2Q16 #’s
Investors are interested in TSR shares aided by strong fundamentals. It expects 2Q16 earnings to be good because of lower bad debt and Bt700mn work on hand. It targets new clients to reach 60,000 per year. It plans to launch new products: water heater, water chiller, and water filter. It plans to expand to AEC. It is talking to a partner in Vietnam to expand its business to Vietnam in 4Q16. (Thun Hoon, 05/07/16)

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.