AP expects 2H16 earnings to be good supported by first time booking revenue from JV with Japanese partner. It expects revenue from the JV to increase in 2017. It plans to launch 13 new projects worth Bt25bn in 2H16, which will help it meet its presales target of Bt31bn. (Thun Hoon, 22/07/16)
BIG expects 2H16 to be outstanding due to high season and two big fairs. It plans to add four branches by the end of 2016. (Thun Hoon, 22/07/16)
Comment: This has been a learning lesson for us, let the market take this company up despite that fact that you can run any DCF even with high growth #’s and not attain the valuation that it’s trading at today. PEG Ratios…gotta love ’em…
EGCO has booked more revenue from new tariff for the geothermal power plant in Indonesia which has capacity of 227MW. It has set a 2016 investment budget of Bt22bn to acquire power plants. (Thun Hoon, 22/07/16)
MACO expects 2H16 to be better than first half supported by new mass transit lines and high season. It is confident that 2016 revenue will grow more than 15%. (Thun Hoon, 22/07/16)
OCEAN expects 2016 revenue to grow and turn to profit. It will focus on expanding its business abroad. It expects cost to decrease more than 50% in 2017 after opening its own showroom and installing solar panels. (Khao Hoon, 22/07/16)
Comment: What is this water company doing with solar panels? Solar powered water showers? 

PHOL increased capital by 88.99mn shares at rights of 4 old shares to 1 new share priced at Bt2/share. It will also offer a free warrant to shareholders taking their rights at a ratio of 1 share to 1 warrant. It will use the capital to support expansion. (Thun Hoon, 22/07/16)
PTT is negotiating with automobile companies in Japan and Europe. It plans to expand its business to install electric vehicle chargers at PTT stations. It which expects to have 20 charger stations within 2017. (Thun Hoon, 22/07/16)
QTC expects 2H16 net profit to soar especially in 4Q16 on many orders. Its backlog is Bt200mn. It plans to take part in Bt2bn bids. It expects 2016 revenue to be no less than Bt1bn. It expects to complete its deal in 3Q16. (Thun Hoon, 22/07/16)
Comment: And they are in the process of being taken over
SUTHA expects its performance to mark a record high brought by lime orders, which is used as a raw material for infrastructure, plus sugar plants and a wastewater treatment project. It plans to invest in its third plant soon. (Thun Hoon, 22/07/16)
TOP expects 2Q16 earnings to be good after LAB began operating plus its power plants. It will also benefit from a stock gain. It is budgeting Bt10bn for investment between 2016 and 2019. (Thun Hoon, 22/07/16)
TVT plans to acquire a production house business. It expects a decision to be made next year. It expects 2H16 net profit to be good brought by Big Brain (51% stake) and about Bt30bn in lower costs made possible by its new studio. (Thun Hoon, 22/07/16)
Comment: Perhaps one of the main beneficiaries from the Digital TV introduction. As a result of more channels, there was a natural increase in demand for TV shows and thus production houses such as TVT (and WORK of course) have benefited.  
VIH expects 2H16 net profit to surge due to seasonality and acquiring a clinic at Fai Chai intersection. It expects this to contribute revenue in 3Q16. It plans to open a new building in order to serve more clients. (Thun Hoon, 22/07/16)
WICE expects 2Q16 earnings to be good aided by providing warehouses to a Chinese solar producer. It targets 2016 revenue to grow 20% to Bt850mn due to logistics recovery. It plans to focus on warehouse management service. (Thun Hoon, 22/07/16)

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.