BANPU to have BPP invest in solar farms in China and Japan. It expects to increase capacity to increase revenue in 2017. The coal business continues to be good. It plans to acquire another mine and to invest in renewable energy to replace coal, such as water and solar. It expects to increase capacity to 2,400MW in 2020. (Thun Hoon, 2/6/16)
BM expects 2Q16 earnings continue to grow. It is confident 2016 revenue growth will hit target at 20% from last year and bring net profit up supported by more orders. It expects to get a job in Suvarnabhumi phase 2 expansion. (Kao Hoon, 2/6/16)
CPN expects 2Q16 to be similar to 1Q16. It maintains its revenue target growth at 14-15% and is preparing to open a new department store. It plans to increase rental space in its department stores to 2-3% and in office building to 3-5%. (Kao Hoon, 2/6/16)
Comment: Still the incumbent in the retail industry in Thailand. International expansion is a positive but does have lower margins.
CSL expects 2016 revenue to increase 2-3% supported by a data center, for which renters have reached 68% now. The broadband business continues to grow. It targets 10,000 customers in 2016. (Thun Hoon, 2/6/16)

DEMCO has backlog of more than Bt7bn. It is confident that 2016 revenue will grow 10-15% from Bt5.2bn in 2015. It plans to bid for new jobs. It expects to start commercial operations of its wind power plant at Khao Kor in 3Q16. (Thun Hoon, 2/6/16)
Comment: We are hearing more and more that demco may sell a portion of its stake of WEH within this year.
EPG targets FY2017 revenue of Bt10-11bn or growth of 15-20% from FY2016, supported by continued growth in its three businesses. It has a budget of Bt1bn to support its three business. It plans to acquire another business to increase its customer base. (Kao Hoon, 2/6/16)
FPI launched a new product and has orders of Bt50mn. It has budgeted Bt250mn to increase capacity to 15%. It expects to increase margin to over 30%. It targets revenue growth of 10%, supported by its backlog of Bt600mn, of which it will book 50% this year. (Thun Hoon, 2/6/16)
GOLD plans to open FYI Center worth Bt5bn in this July. It expects this to bring in revenue of Bt500mn. It also expects revenue from its property business to reach Bt1.6bn. (Kao Hoon, 2/6/16)
Comment: And they will most likely sell it to the GVREIT as well.
JAS fined B200m for default – JAS Mobile Broadband must pay a fine of almost 200 million baht to the national telecom regulator by June 16 for its failure to pay the first instalment of its 900-megahertz licence fee. (Bangkok Post, 2/6/16)
Comment: So JAS just threw away ~THB 800 mn, oh well why not? 
PTTEP to bid for Bongkot gas field – PTT Exploration and Production said yesterday that it would cooperate with its partners to bid for the Bongkot gas field that it currently operates, but indicated that it might not contest for the other major gas block currently run by US oil giant Chevron. (The Nation, 2/6/16)
SENA expects 2Q16 earnings to be good. It is confident that 2016 revenue will be a new high supported by transfers from its backlog of more than Bt3bn. (Thun Hoon, 2/6/16)
Comment: 2 things happening here, 1 a rather large condominium project to be transferred within 2 years and 2. their solar project
TFD expects 2016 to turn to positive as all businesses continue to be good. It plans to sell 200 rai for Bt1.8bn. It got more revenue from rental factories and warehouses. It plans to get into renewable energy. It plans to issue a free warrant to shareholders. (Kao Hoon, 2/6/16)
TRC expects to sign the Bt39mn contract to construct a potash mine in 3Q16. It has backlog in hand of Bt6.2bn, of which it will book Bt4bn in 2016. It plans to bid for more jobs worth Bt6bn. It is confident that 2016 revenue will grow to Bt8.6bn. (Kao Hoon, 2/6/16)
UU expects water sales continue to grow supported by more demand. It reported 1Q16 net profit of 41% after booking revenue from “EGCOM Tara” in which it bought shares in August 2015. It expects water sales to grow over 50%. (Kao Hoon, 2/6/16)
Comment: Expect more news to come out from here given that their IPO is around the corner. 
  1. Be interesting to see what price Demco get for it. I hear they will sell a 2% stake to fund the fortune they have spent fixing their foundation mess.

  2. So Jas is right back at step 1 except north of 900M Baht poorer. Also with an angry AIS/True looking to initiate a price war in mobile and perhaps even fixed broadband, I would think they are in for a world a hurt Khun Pete and Co.

    • JAS up 53% since March 4th, the clear “winner,” provided you don’t need sleep. No criticism intended, I’d have required waterboarding at the time. A contrarian reminder, nevertheless.

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