ASAP expects 1Q17 net profit to reach Bt29mn, up 60%, brought by more cars for rent. It expects profit in 2Q17 to continue to grow. (Kao Hoon, 08/05/17)
Comment: With KCAR becoming popular again (seems to happen 1x a decade) I’m not surprised to see that ASAP may benefit from additional news flow despite it being a normal operating car lease firm

BEM expects 1Q17 net profit to be higher than Bt800mn, up 14%, brought by Sri-Rat outer ring, MRT Purple Line, and no more interest expense for the debenture. (Kao Hoon, 08/05/17)

BM is talking to a prospective partner to set up a plant in Myanmar; it expects this to be finalized in 2Q17. It plans to focus on switchboard products to increase revenue. (Thun Hoon, 08/05/17)

CCN plans to restructure its business to align with “Thailand 4.0”. It expects to get public projects to where they comprise 50% vs. none now. It expects substantial revenue growth in 2017. It plans to take part in upcoming bids in mid-2017 and book revenue in 3Q17. (Thun Hoon, 08/05/17)
Comment: If you believe in Thailand 4.0 then…I don’t know. Regardless there are public projects that are being rolled out that the entire IT industry can benefit from

CNT expects to get Bt6bn in projects in 1H17 as planned. It targets 2017 new projects of Bt12bn, backed by more public projects. It expects 2017 revenue to be better than last year’s Bt7bn because 80% of it Bt9bn backlog is expected to be booked. (Thun Hoon, 08/05/17)
Comment: Unless CNT can win more projects as subcontractors then 2018 isn’t going to be a good year

EE expects 1H17 performance to be good aided by the power business via ASUT. It expects 2017 performance to be a new high, mainly driven by the power business. It is continuing to look for investment in the power business and expects to make an announcement soon. (Thun Hoon, 08/05/17)

EPG will benefit from lower oil price. It plans to expand its Eici brand to ASEAN. It targets 2017FY revenue to reach Bt10bn on the back of the construction and auto sectors. (Thun Hoon, 08/05/17)
Comment: Along with TASCO below and every airline.

ILINK plans to take part in Bt2.8bn bids. It expects this to increase its backlog from Bt1.61bn and cover revenue until 2019. It targets 2017 revenue growth of 15% from work on hand and the telecoms business. (Thun Hoon, 08/05/17)

SPA expects 1Q17 performance to be good. It plans to expand both at home and abroad. It expects 2017 performance to grow 30%. (Kao Hoon, 08/05/17)

SUPER expects 1Q17 net profit to reach Bt265mn. It expects to submit its financial statement after its board meeting on May 15. It expects 735.6MW to be sold. It targets 2017 revenue of Bt9-10bn. It plans to set up infrastructure fund in 4Q17. (Kao Hoon, 08/05/17)
Comment: It would be a first for the country to see a renewable energy infra fund and this could change the investment dynamics for the entire sector once companies/investors realise that there is another exit opportunity

TASCO reported 1Q17 net profit of Bt1.2bn, thanks to higher selling price. It expects asphalt sales to reach 2.6mn tons this year. (Kao Hoon, 08/05/17)
Comment: See EPG

TFG expects robust earnings in 1Q17 with net profit of Bt335mn, up 66%. It expects sales to reach Bt5.7bn, up 29% brought by higher selling price and lower materials cost. (Kao Hoon, 08/05/17)
Comment: Their #’s will look good YoY for the 1H17, 2H17 I have my doubts 

THANI expects 2Q17 to be good thanks to high demand. It expects 2017 loans to reach Bt40bn. It plans to issue Bt3-4bn debenture for the rest of the year to lower its cost of debt. (Thun Hoon, 08/05/17)

TOG targets 2017 revenue growth of 7-8% by focusing on progressive lens, which will also boost margin. It expects its subsidiary in U.S. to start operations in 3Q17 and contribute revenue of Bt80mn within three years. It expects high demand to fuel industry growth of 8%. (Thun Hoon, 08/05/17)

TNDT plans to take part in Bt1bn project to inspect and test securities systems. It expects to get 5% of the total up for grabs. It also plans to take part in projects in Indonesia. Its backlog is Bt200mn. It expects 2H17 performance to be better than 1H17. Power business in Myanmar continues as planned and is expected to start up within 1-2 years . (Thun Hoon, 08/05/17)

TSR expects 2Q17 performance to be good brought by high demand during summer. It plans to focus on electrical appliances with campaign “pon sabai” (Easy Installments). It expects the water filter business to be good. It targets 2017 revenue to reach Bt2bn. (Thun Hoon, 08/05/17)
Comment: The main issue has been the bad debts and NPL’s in the past 12 months, so we shall if the issues have been fully resolved once 1Q17 #’s are out 

VGI expects 4QFY16 performance to be good brought by Bt150mn ad revenue in Malaysia. It is looking for an investment opportunity in ASEAN. (Thun Hoon, 08/05/17)

WIIK got a Bt250mn project in the Philippines which increases its backlog to Bt800mn. It targets 2017 revenue to grow 20% with many orders in hand. It expects robust earnings in 1H17 on seasonality. (Thun Hoon, 08/05/17)

  1. And yet TASCO (and THAI, et al) tanks along with WTI this week.

    If macro is in the saddle here, the current VIX reading is unsettling. Could it be–forgive this–the lul before the storm?

    • I think the market is pricing in softer demand and selling prices for 2017 which is why Tasco is tanking…the run up was overdone, maybe the market was expecting Tasco to return to the supernormal profits enjoyed in 2015?

      THAI, no idea what’s happening. Popped 20% in a day, now back down…

      • for TASCO its a margin game more than anything else. 2015 was amazing only because of the gains it made from the its hedging strategy which were driven by the rapid decrease in oil prices

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