AS expects a turnaround in 2016 after a business restructure. It sets revenue target growth 30% which mainly from smartphone market. (Kao Hoon, 11/03/16)
Comment: I’ve always liked management here but their industry has been turned upside down by the advent of smartphone technology and they’ve been incredibly slow to keep up with the changes, one wonders if it is too late…

ASEFA targets 2016 revenue growth of 15%, supported by backlog of Bt1.7bn. It is bidding for new jobs in total worth Bt2-3bn. It will maintain its gross margin at 22.35%. (Kao Hoon, 11/03/16)

ASK will focus on truck loans as it expects the AEC will increase logistics demand. It is confident that 2016 loans will grow 10-15% and maintains NIM at 22.35%. (Kao Hoon, 11/03/16)
Comment: Everyone is banking on the infrastructure spending Thailand, and leasing companies such as ASK and THANI are no different

BGT expects outstanding earnings in 1Q16 supported by sales from Myanmar. It plans to add 1-2 branches in Myanmar. It expects revenue of Bt11mn from abroad. It expects 2016 to grow 10% supported by new products. (Thun Hoon, 11/03/16)
Comment: They were finally able to eek out a small amount of profit in 2015 after the losses in 2014.

CPN targets 2016 revenue growth of 14-15% supported by a full year of revenue from four newer department stores. It will open one new store this year. It has three-year budget of more than Bt46.7mn to build a new mall, undertake renovations of existing facilities and buy land for a new project. (Kao Hoon, 11/03/16)
Comment: Look at its numbers and charts and you’ll be impressed by how resilient CPN has performed in the past few years despite all of the turmoil in Thailand and the markets

DRT expects 2016 revenue target growth of 5% supported by higher portion of roofing products to 60% and expansion to ASEAN. (Kao Hoon, 11/03/16)

Today DTAC is offering roaming to ADVANC 2G customers. This shows the strength of DTAC’s network. (Kao Hoon, 11/03/16)

The US increase in PET resin import tax rate will positive to IVL. It expects its MEG factory to return to operations this month. (Kao Hoon, 11/03/16)

PAF expects 2015 profit to growth of 400% supported by its new business. It will pay a dividend of Bt0.0204/share, XD on May 10. It expects profit in 2016 continue to grow supported by business expansion. (Thun Hoon, 11/03/16)

PCSGH plans M&A to support its business. It plans to use a 5MW solar roof in 1H16 to reduce cost by Bt15mn per year. It expects revenue in 2016 of no less than Bt1.4bn, even if the automobile industry is stable. (Thun Hoon, 11/03/16)
Comment: I’ve always wondered how they were able to maintain high gross profit margins when they IPO’ed, subsequent performance has pointed to a downwards trend

SAMART plans to expand its business to renewable energy of no less than 10MW. It expects 2016 earnings to recover, supported by revenue from SAMTEL and a new job worth more than Bt10bn. It is waiting to sign an MOU to sell electricity to EGAT. (Thun Hoon, 11/03/16)

STPI will pay a dividend of Bt0.37/share. It cancelled the Transmission Gully Motorway construction in New Zealand because the project owner failed to comply with conditions. (Kao Hoon, 11/03/16)

TPBI will offer its shares at an IPO price of Bt10.80, in the amount of 100mn shares. The shares will be up for sale on March 16-18 and trade on March 24. It will use the funds for M&A. It targets revenue to double within five years. It is confident that revenue and profit will be higher this year than last year. (Kao Hoon, 11/03/16)

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