AQ expects to resume trading on the SET after filing its 2Q17 financial statement after auditor approval. It believes it can continue in business after paying Bt1.63bn in damages to KTB. It says losses in 1Q17 were lower than in 1Q16 on lower expenses and reserves, even though presales also declined. (Thun Hoon, 15/9/17)
Comment: I wonder what the story will be for AQ going forward, new shareholders came in at 0.05, they still have some assets left, lets see what unfolds
AU says 4Q is peak season. It plans to open two new branches at a cost of Bt4.5-7mn per branch. It believes that 2017 revenue will grow 30% from Bt608mn last year. It also plans to expand its branches in Malaysia and the Philippines, with finalization in 2Q18. (Thun Hoon, 15/9/17)
BEM expects 2017 earnings to grow 20% from more passengers after the opening of links. It plans to start operations of the Blue Line extension ahead of schedule and is budgeting Bt20bn to order 35 new cars to support the increase in number of passengers. (Thun Hoon, 15/9/17)
Comment: If you’ve ever taken the underground during peak hour you’ll see that it is far worse than the skytrain in terms of waiting to get on
ICN sends hot signal for its first trading day today. Its IPO price was Bt1.84. It has strong fundamentals and good future growth. It expects to get good response from investors. It expects strong revenue growth in 2017 as 2Q17 earnings skyrocketed by 970.52%. (Thun Hoon, 15/9/17)
Comment: Small market cap + small float = WOOOOOOOOOOO
MILL expects high revenue growth in 2018, as it plans to fully book revenue from special grade metals after beginning to operate at full capacity of 500,000 tons/year. It expects 2017 revenue of at least Bt23bn after good signs of greater steel demand and higher steel prices. (Thun Hoon, 15/9/17)
NOK’s CEO Patee Sarasin resigns effective from Sep 14; however he will remain on the Board of Directors. (Infoquest, 15/9/17)
Comment: Just that news alone made the stock spike +20%
SPALI sold its office building in the Philippines for 1.62bn pesos, with a gain of 19.7%. It is now looking for a new investment opportunity. (Thun Hoon, 15/9/17)
TACC says 2H17 revenue will grow steadily as a result of high season. It will launch three new products to stimulate sales and support 2017 sales to grow by 10-15%. It plans to launch “Sawasdee” in China in October and will do a trial of sales in Dubai for six months to test the market before expanding. (Khao Hoon, 15/9/17)
THCOM will gain Bt1.688bn from sale of CSL to ADVANC, as its cost is Bt1.05/share. This transaction is expected to provide positive synergy to ADVANC businesses, as it will increase the potential to expand its businesses in cloud computing, data center and fixed broadband. (Khao Hoon, 15/9/17)
Comment: A good one time gain for THCOM, but unless they can figure out how to operate in an international/regional market its performance will continue to suffer.
TMILL is entering high season in 4Q17, which will bring sales to a new high. It believes 4Q17 revenue will grow substantially. It also plans to expand its customer base to upcountry and increase the proportion of revenue from these customers to 10%. (Thun Hoon, 15/9/17)
WHP is planning an IPO to obtain funds to continue its Wattanapat Aownarng Krabi hospital project, which aims to serve foreign tourists. It believes 2017 revenue growth will reach the target of 15%. (Thun Hoon, 15/9/17)
Comment: This and THG are the two hospital IPOs planned for this year.

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