AS is talking to a prospective partner to invest in a new business. It expects a conclusion within this year. It expects net profit to return to the black in 2017 and plans to wipe out retained losses. It plans to launch 13 games over six countries. It plans to expand to Myanmar and Cambodia. It expects 2Q17 performance to be good after achieving a net profit of Bt10mn in 1Q17 from more downloads. (Thun Hoon, 22/05/17)
Comment: If they are sticking to the same old business model they’ll just put themselves out of business

ASIAN targets 2017 revenue growth of 10% on the back of animal feed and frozen shrimp. It continues to implement high-value-added strategy, which it expects will boost 2020 revenue to reach Bt15bn. It plans to issue a Bt500mn debenture at the end of this year. (Kao Hoon, 22/05/17)

CSP targets 2017 revenue growth of not less than 10-15% driven by infrastructure investment. It expects this to boost demand by 10% in 2H17. It got new orders from clients. It plans to invest in alternative energy. (Thun Hoon, 22/05/17)

GOLD targets 2017 revenue to hit Bt13bn with backlog of Bt7-8bn, which it expects to book in 2017. It plans to launch 21 projects this year. It expects two of the 21 projects to be launched in 2Q17 with total value of Bt2.3bn. (Kao Hoon, 22/05/17)

GPSC expects 2017 performance to be better than last year on expansion to ASEAN and implementing 3M management strategy. It expects this to boost revenue from its existing project and new projects. It plans to invest in an energy storage plant next year, with capital investment of US$20mn for the first phase. (T hun Hoon, 22/05/17)

GUNKUL expects growth in 2Q17 backed by 3-5% growth in electricity sales from a rise in Ft. It targets 2017 revenue to reach Bt4.3bn on the full year of revenue recognition from the 60MW wind power plant. It plans to take part in Bt4bn EPC bids. (Kao Hoon, 22/05/17)

HARN expects a solid performance in 2Q17. It expects 2017 revenue to grow 100% aided by numerous orders from M&A. Its backlog is Bt440mn, of which 50% is expected to be booked this year. It plans to expand to Laos, with a decision to be made this year. (Kao Hoon, 22/05/17)

K expects to show net profit in 2Q17 brought by higher revenue and a business restructure. It targets 2017 revenue growth of 25-30% with Bt637.6mn backlog. It is negotiating for Bt1.2bn in new projects and expects to announce some projects at the end of May. (Kao Hoon, 22/05/17)
Comment: And this is without the new malls come online yet

LPH reported 1Q17 revenue of Bt356mn, up 12% on an extra gain from acquiring AMLC. It expects robust earnings in 2H17 on seasonality and profit contribution from its acquisition. It is looking for investment opportunity in a target hospital. (Thun Hoon, 22/05/17)
Comment: One of the few hospitals to have made a decent profit growth – granted not on core earnings

MK reported 1Q17 net profit of Bt651mn with gross margin of 19% on the back of an uptrend in the property and rental businesses. It continues to develop new projects to provide sustainable revenue growth. (Thun Hoon, 22/05/17)
Comment: Rather average margins for a property company.

MTLS expects 2Q17 earnings to be better than 1Q17 on seasonality. It targets 2017 loans of Bt50bn with NPLs not over 1.5%. (Kao Hoon, 22/05/17)
Comment: I still don’t understand how on earth their NPLs are so low. They provide loans in the worst form of debt possible.

NWR expects 2017 revenue growth of 10% despite a contraction in 1Q17. It signed Bt1.7bn in contracts in the first four months of the year. It submitted bidding documents for Bt44.5bn more projects and has backlog of Bt13.3bn. It expects its property business to generate revenue. (Thun Hoon, 22/05/17)

PLAT expects robust earnings in 2Q17 YoY on the back of higher rental rate and Neon Market. It expects 2017 revenue to reach Bt2bn on its lease portfolio. It is budgeting Bt3bn to invest in The Market project. (Thun Hoon, 22/05/17)

PTT reported 1Q17 net profit of Bt46.16bn up from Bt22.49bn in 1Q16. (Kao Hoon, 22/05/17)

SUSCO targets 2017 revenue growth of 5% to Bt20bn aided by 8% sales growth and higher selling price. It is budgeting Bt300mn to open 250 service stations and renovate existing stations. (Thun Hoon, 22/05/17)

SYNTEC expects solid growth in 1H17 supported by Bt15bn backlog, of which 50% is expected to be booked in 2017. It recently got Bt6bn projects. It also plans to take part in Bt10bn bids in 2H17. It expects Eight Thonglor to contribute revenue of Bt350mn, bringing it to meet its 2017 revenue target. (Thun Hoon, 2 2/05/17)

TICON expects strong growth in revenue in 2Q17 due to higher occupancy rate. It expects this to support 20% growth in 2017 revenue. It is budgeting Bt1.8bn for business expansion both at home and abroad. Frasers plans to announce its business plan in 3Q17. (Kao Hoon, 22/05/17)

TNP expects 2Q17 performance to be good driven by improving purchasing power and more stores at 16 from 15 stores in 2016. It targets 19 stores in 2017. It expects robust earnings in 1H17, bringing 2017 revenue growth of 10-15%. (Thun Hoon, 22/05/17)

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