BANPU bought 25.7% of Sunseap Group Pte Ltd. (Sunseap), a leader in green energy full service provider in Singapore, for Bt1.86bn, as it plans to grow its overseas energy business and become a leader in the energy business. It expects to have additional electricity production capacity of 47 MW . (Thun Hoon, 20/9/17)
Comment: This looks like a desperate move by Banpu to shift to green energy
CBG expects a strong 2H17 as revenue from overseas is growing continuously after its energy drinks have captured the market. It expects sales in China to reach 200mn cans in 2017 and increase the proportion of overseas revenue to 50%. It expects 2017 revenue to grow 20-25% as targeted and plans to expand to the US market over the next 3-5 years. (Thun Hoon, 20/9/17)
Comment: Their #’s have been absolutely awful compared to what people are expecting and with their aim to grow more within Thailand I feel like they have poked the beasts that are Red Bull and Osotspa 
CHO says it is ready for a new round of bidding for buses after the BMTA announced a midprice of Bt4.02bn. It expects 2017 revenue to increase by 10% as targeted and 2017 earnings to turn around. It says accumulated loss is expected to be cleared out this year. It currently has backlog of Bt2.67bn. (Thun Hoon, 20/9/17)
Comment: If the turnaround is happening this name could spike, but a lot is dependent upon the bidding for these buses 
CPN is going to open Central Plaza Nakorn Rachasrima on November 3. This was built at an investment cost of Bt10bn 3. It expects this new department store to be a landmark center project in the northeast with mixed use area of 355000 sqm. (Thun Hoon, 20/9/17)
Comment: It is YUGEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEE, plus they finally changed their property fund to a REIT
ERW says 3Q17 revenue is better than 2Q17’s as clients have increased. It expects 2017 revenue growth to reach target of 10% as a result of the strong outlook in Thai tourism. It plans to continuously expand its hotels. (Thun Hoon, 20/9/17)
Comment: It’s finally hit what I think is fair value, now…typically in the past there was always a domestic crisis – politics related that would led to a buying opportunity in this name every 2 years, for the first time in a decade  I don’t see anything negative (political) occurring for the next 12 months. So perhaps for the first time in a decade ERW could actually stay at these levels
FSMART launches a new service, selling Line stickers through 110,000 Boonterm refill stations across the country. It says this is the first time in the world that users will be able to buy Line stickers using cash and expects good response. (Thun Hoon, 20/9/17)
Comment: Still a fantastic compounding machine and with 11 million in Thailand still applying for social security the target market (unfortunately..) is still rather large
GPSC is in the process of negotiating to invest in energy projects both at home and abroad. It targets electricity production capacity to reach 1922 MW by 2019 from current capacity of 1400 MW. It also plans to increase solar rooftops in gas stations. (Thun Hoon, 20/9/17)
KIAT admits 2017 earnings will be lower than 2016’s. It has cut revenue growth to 5% this year after transportation projects decreased. However, it expects 2H17 revenue to increase from 1H17 after it received PTT’s Bt100bn LNG transport project. It is preparing to get new projects from private sector clients worth Bt60mn, which will be finalized by the end of this year. (Khao Hoon, 20/9/17)
NOK will hold a shareholder’s meeting to vote on a rights offering. The amount of shares in this rights offering will be not more than 1.207bn and priced at Bt1/share. It expects THAI to take its rights. It will use the funds for business recovery and earnings improvement. (Thun Hoon, 20/9/17)
PLANB’s board approved the purchase of 30% of MJS Trading for Bt94.74mn to expand its advertising media business in the Philippines. (Thun Hoon, 20/9/17)
WHA plans to sell 50-100 rai to players in the airplane parts sector this year. It also plans to launch three new industrial estates in Chonburi and Rayong to support EEC and to increase its five-year investment budget to more than Bt43bn. It also has a plan to expand warehouse area in Indonesia . (Khao Hoon, 20/9/17)

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