ATP30 expects 3Q16 net profit to be a record high of Bt8mn, up 289%, pushed up by more customers. (Khao Hoon, 10/10/16)
BIZ got a Bt169mn project from BDMS which raised its backlog to Bt700mn. It expects growth in 3Q16 earnings from transfers. (Khao Hoon, 10/10/16)
CNT targets 2016 revenue of Bt8-10bn on the back of Bt10bn backlog. It plans to take part in Bt4bn in bids, expecting to get no less than Bt1bn. It plans to take part in MRT bids. (Thun Hoon, 10/10/16)
Comment: The turnaround construction player this year perhaps?
DCORP expects 2016 revenue to turn around. It signed an MoU with a partner for a 320MW solar farm in the Philippines. It expects construction on this to begin in 1Q17. It is studying other alternative energy production units in Myanmar and Japan. It also considering investing in solar cell plants, expects a decision to be made soon. (Thun Hoon, 10/10/16)
DEMCO’s backlog increased to Bt7.1bn after it got a Bt690.12mn project from EGAT. It plans to take part in Bt120bn in bids, both private and public projects. (Thun Hoon, 10/10/16)
Comment: Short term question – will 3Q16 be a profit? Mid term question – How much more will they have to pay for business loss when fixing the turbines? Long term question – When will WEH IPO?
ERW benefits from higher tourism with its occupancy up to 82%. It expects 2016 revenue to grow not less than 10% from last year’s Bt5.32bn. It plans to launch HOP INN abroad in 4Q16. It plans to set up a REIT, with more clarification next year. (Thun H oon, 10/10/16)
Comment: Recent news of the bombing hasn’t helped the sentiment around this name
JSP expects 4Q16 performance to peak on the back of transfers. It targets presales of Bt500mn from its house and condo show, of which it expects to book 45% this year. It expects 2016 revenue to reach Bt4bn as targeted. (Thun Hoon, 10/1 0/16)
LALIN expects 2016 presales to beat its target of Bt2.8bn after it achieving Bt3bn in the first nine months. It plans to launch Bt600-700mn in SDH and TH projects in 4Q16. This will raise total new launches in 2016 to nine, meeting its target. (Thun Hoon, 10/10/16)
LPH is budgeting Bt200mnm to take over two hospitals. It expects 2016 revenue to grow 10-15% as targeted, brought by opening specialty centers and seasonality. It is budgeting Bt660mn to open four more centers and 1 hospital at Lumlukka Klong6. (Thun Hoon, 10/10/16)
NOBLE expects 2016 net profit to be in the black. It expects 4Q16 performance to be peak on the back of NOBLE Ploenchit condo, valued at Bt18bn after presales reached 70-80%. It plans to launch five projects, valued at Bt10bn next year. (Khao Hoon, 10/10/16)
No action will be taken against Nok Air for the frequent flight delays as the flights made up only a small percentage of its total, Civil Aviation Authority of Thailand (CAAT) chief Chula Sukmanop says. (Bangkok Post, 08/10/16)
PSTC got a new project which raised its backlog to Bt200mn. It expects to book this next year. It plans to commence operations at others over the rest of the year. It plans to take part in 1,000MW PPA bids to support revenue next year. (Thun Hoon, 10/10/16)
SEAFCO expects to get a Bt300mn dual track job (Jira – Khonkaen). It plans to take part in new projects in Cambodia. (Khao Hoon, 10/10/16)
SMPC expects 2016 revenue to grow 15-20% from last year’s Bt2.93bn because of high demand. It is budgeting Bt100-120mn to improve productivity. It plans to increase its gas cylinder capacity to 7.2mn from 6.2mn. It plans to set up a plant abroad. It expects a decision to be made by the end of this year. (Thun Hoon, 10/10/16)
Comment: I couldn’t quite wrap my head around how this company is able to capture the market share in their export markets. And it’s proven to be a mistake given both their financial and stock performance. 

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