BAY reported 9M16 profit of Bt16.2bn, up 20% YoY after it acquired HKL and expanded to ASEAN as planned It plans to raise its 2016 loan growth target to 8-9% from 5-6%. (Thun Hoon, 25/10/16)
Comment: With the japanese as the major shareholder we are thinking they may go on a massive asset expansion spree, wouldn’t be surprised to see them have to recap within a few years
BBL bought 49mn shares or 4.85% in RS for Bt343mn via a big lot-sale from Chetchotisak family, priced at Bt7/share. The reason for buying into RS is because its business has potential and strong financial statement. (Kao Hoon, 25/10/16)
Comment: That’s interesting, so BBL loves the media and make up?
COM7 met good response to the first day of sales of iPhone7 and iPhone7 Plus. It expects 4Q16 earnings to grow supported by high season. It expects to manage 50 TRUE shop this year as planned. (Kao Hoon, 25/10/16)
CSS has backlog of Bt1.5bn which will be booked through 2018. It expects to get more government jobs. It expects 3Q16 to be good and expects 2016 revenue of more than Bt4.5bn. (Kao Hoon, 25/10/16)
CTW has budgeted Bt150bn for a big project. It expects backlog to increase thanks to more demand and jobs from ITD. Subsidiary SFO continues to grow supported by plans by NBTC to open bids for more than ten more licenses. (Thun Hoon, 25/10/16)
EPCO has budgeted Bt267mn to acquire 48% in a 5MW solar farm at Prachinburi. It plans to increase capital by 96mn shares plus a free warrant at a ratio of 8 old shares to 1 new warrant, priced at Bt9/share. The funds will be used to expand its power plants and repay financial institution loans. (Thun Hoon, 25/10/16)

ML expects 4Q16 loans to grow supported by high season. It expects “MIDA auto for cash” program to lift 2016 spread to over 10%. It is confident that total loans will reach Bt4bn in 2016. It expects 2017 to continue to grow, driven by government investment that will enlarge consumer purchasing power. (Thun Hoon, 25/10/16)
NCL plans to expand to Hong Kong; it expects a conclusion in 1Q17. It expects this to raise its exports to 20%. It expects 2016 revenue to grow 30% as targeted. (Thun Hoon, 25/10/16)
PRIN expects 4Q16 earnings to be good on seasonality and higher backlog which is expected to contribute revenue of Bt310mn for the rest of the year. It expects 2016 presales to reach Bt3bn after achieving Bt2.1bn for in 9M16. It plans to launch three projects valued at Bt1.4bn over the rest of the year. (Thun Hoon, 25/10/16)
SKR plans to acquire Sikarin Hatyai to broaden its customer base to the south. Its shareholders approved a capital increase via rights offer at a ratio of 20 old: 1 new at a price of Bt25/share. It hopes to get Bt150mn from this and will use it to support its investment plan. It expects steady growth. (Thun Hoon, 25/10/16)
SUSCO is budgeting Bt165mn to open more stations next year. It expects 4Q16 performance to be good on seasonality. It expects 2016 revenue to reach Bt20bn thanks to its wider customer base. (Thun Hoon, 25/10/16)
Comment: The B grade version of PTG
THANA plans to launch one low-rise project valued at Bt900mn in 2017. It targets 2017 revenue growth of 30% from the complete transfer for eight projects with a total value of Bt3bn. It is budgeting Bt500-800mn to buy land. It expects 2016 revenue to be good. (Thun Hoon, 25/10/16)
THCOM signed a contract to buy a Bt7.28bn satellite. It plans to launch this at the end of 2019 to meet customer demand. (Kao Hoon, 25/10/16)
Comment: At one point this satellite player will be a turnaround play
TVD expects 2016 revenue to grow not less than 30% despite the economic slowdown that has reduced orders. It plans to focus on the retail and online segment in order to diversify risk. (Thun Hoon, 25/10/16)
WIIK expects 2016 revenue growth to reach 10-20% from last year aided by transfers. It plans to take part in bids for upcoming projects, increasing its backlog to above Bt700mn, enough to cover revenue through next year. Its subsidiary “Wiik Water” signed a Bt1bn contract to supply tap water to Wellgrow IE. It expects this to cover revenue for 20 years. It plans to list its subsidiary next year. (Thun Hoon, 25/10/16)

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