AQUA plans to acquire a power business in Japan, expecting to invest in solar power. It expects performance to grow steadily. (Thun Hoon, 14/12/15)
Comment: An advertising company, with a water-related name, investing in solar power. yeahhhhhhhhhhhhhh!

BANPU plans to restructure its business with a focus on power. It expects to increase capacity to 4000MW by 2020. It plans to invest in power plants in Laos, Myanmar and China. It plans to expand capacity at its Japan solar farm to 200MW. It targets coals sales of 42mn tons next year. (Thun Hoon, 14/12/15)
Comment: Well they had better do something to shift away from the dying industry that is coal.

BGT expects to increase 2016 net margin to 7% even though 2015 net margin will be lower than 1%. It expects to expand to Myanmar and open 5-6 branches. It expects exports to contribute revenue of Bt11mn/year. It is considering investing in Cambodia. It expects 2015 revenue growth to achieve target of 10%. (Thun Hoon, 14/12/15)
Comment: I’ve always liked the CEO of BGT, he knows and understands the retail business very well but not many people care for the Bodyglove brandname.

DEMCO plans to take part in the Bt10bn EGAT and PEA bidding. It plans to invest in running tap water lines from hydropower plants in Laos. It plans to hedge risk from windmill power by using large engineering companies and buying more insurance. It is confident it will have no problems at its three new projects (Khao Kho, Watabaek, and Had Gunghang). (Thansetthakij, 14/12/15)
Comment: Over the next 3-6 months expect to see a lot of news surrounding demco’s turnaround efforts

EARTH is talking to a prospective partner to take over a solar farm in Italy which is expected to be finalized by 1Q16. It plans to set up a subsidiary “EARTH Renewable” to invest in solar farms abroad. It plans to bid for coal mines and mining in Indonesia in August 2016. It expects 2015 sales to achieve target. 4Q15 net profit is expected to be good thanks to numerous orders. (Thun Hoon, 14/12/15)
Comment: Let’s see, we have been rather curious about this company ever since its dual listing years ago. But I’ve hated the way management has been trading its own shares.

EASTW plans to list subsidiary “UU” by offering 420mn shares in an IPO. It has completed its first filing to the SEC. (Thun Hoon, 14/12/15)
Comment: An obvious winner for EASTW, good luck trying to get the shares.

EFORL expects 2016 net profit of Bt500mn and Bt5bn in revenue (10% growth). It has budgeted Bt250mn to open new branches and launch cosmetic products. It plans to open eight new branches abroad from twelve branches now. It plans to submit WCIG’s filing to the SEC in February 2016 and expects it to trade by 2Q16. (Thun Hoon, 14/12/15)

EPG expects 3QFY16 net profit of Bt430mn (+190%) backed by large orders and lower material cost. (Khao Hoon, 14/12/15)

GUNKUL expects Subplu Wind farm 1-2 and Wayu Wind farm to operate mid-2016 and contribute not less than Bt550mn in revenue. It has 330MW in capacity. (Khao Hoon, 14/12/15)
Comment: Post the recent PP to SCB (of all banks!) I don’t expect we’ll see anymore capital raising unless the owner comes across a project that he loves

PLANB acquired The One Plus to operate advertising media business under contract from AOT on 142 digital LCD monitors in six airports. (Khao Hoon, 14/12/15)
Comment: They are on an acquisition streak!

RATCH plans to invest in power plants in Laos as per government policy. It targets capacity of 15,000MW within ten years. It is confident it has potential to handle the planned investment in power plants in Laos, Myanmar, and China (coal, wind, solar). It plans to invest in a Japanese solar farm which is expected to be clear in 2016. (Thun Hoon, 14/12/15)

SITHAI has budgeted Bt1bn to expand capacity at home and abroad. It plans to acquire 2-3 packaging plants in Vietnam. It targets revenue growth of 8% next year even though 2015 revenue missed its target by Bt1bn. (Thun Hoon, 14/12/15)
Comment: The story for a lot of half-decent mid-sized thai companies will be Vietnam expansions, SITHAI has already been there for a few years.

TAKUNI’s shareholders approved capital increase of 800mn shares. The meeting approved the allocation of ordinary shares (Bt400mn) to existing shareholders (RO), at a ratio of 1:1 (with warrant at ratio of 2:1); selling period is Jan 4-8, 2016. It plans to invest in 9.9MW biomass power plant which is expected to contribute revenue immediately. (Thun Hoon, 14/12/15)

TICON plans to expand to Vietnam which is expected to be finalized in 2016. It has budgeted Bt4.2bn to invest in WH and RBF. It targets 2016 revenue growth of 10% from 2015’s Bt5bn backed by recovery in the automotive sector and more customers. (Thun Hoon, 14/12/15)
Comment: See above with SITHAI

TTCL expects 2016 revenue of Bt23bn backed by Bt34bn backlog. It is ready for upcoming bidding. It expects net margin to be better next year aided by full year of revenue from power plants. (Thun Hoon, 14/12/15)

TU plans to terminate domestic aquaculture outsourcing from January 1, 2016. It expects this to give it better control over quality. (Khao Hoon, 14/12/15)

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