BAY revised down loan growth from 7-9% to 4-6% (excluding loans transferred from BTMU) in response to the slow economy. It reported 2Q15 earnings of Bt4.4bn (+25.9%YoY), 1H15 profit was Bt8.8bn. (Thun Hoon, 22/07/15)
Comment: BAY is a special case within the financial sector with its new shareholder driving new loans from Japanese Corporates.

BKD targets 2015 revenue growth of 60% from 2014’s revenue of Bt906mn with 10% net margin backed by numerous orders. 2Q15 profit is expected to be good. (Thun Hoon, 22/07/15)

BWG plans to build a 9.4MW power plant that will use industrial waste as fuel in Saraburi. It expects startup in this plant in 2016. (Khao Hoon, 22/07/15)

CPL has budgeted Bt100mn to do a JV with a Hong Kong company by set up Integrated Leather Network Co., Ltd to act as DC. It expects to broaden customer base in China, ASEAN and Southeast Asia via this company. (Thun Hoon, 22/07/15)

DRT is talking to prospective partner in Myanmar to expand its exports to 15%. It has budgeted Bt300mn to increase capacity. It expects 2015 revenue to hit its target of 4% growth from 2014’s Bt4.25bn, aided by a larger customer base. (Thun Hoon, 22/07/15)
Comment: DRT does have a decent product, a strong network in Thailand but they have been clever enough to begin diversifying away from being Thailand only, however exports are still a small part of its overall business.

GENCO expects energy business to become a core business within 2 years. It is considering taking over a power plant. 3Q15 profit is expected to mark a record high backed by a 13MW waste power plant in Phuket. (Thun Hoon, 22/07/15)

GPSC expects to recognize revenue from 45MW IRPC-CP power plant which is expected to start up in 2017. (Thun Hoon, 22/07/15)

KTB reported 2Q15 earnings of Bt8.44bn (+Bt829nm, +10.88%YoY) and 1H15 net profit was Bt16.37bn (+Bt461mn, +2.89%YoY). (Post Today, 22/07/15)

NCH expects 2015 sales of Bt3.4bn, benefitting from Natureza condominium in North Pattaya. It plans to launch more three projects valued at Bt3bn. (Khao Hoon, 22/07/15)

SAWAD expects 2Q15 earnings to mark a record high at Bt300mn (+70%YoY) aided by loan growth. It will hold a board meeting to elect a new chairman tomorrow. (Khao Hoon, 22/07/15)
Comment: Without a doubt a wonderful performer, good management i.e. they’ve quickly shut down the nano-finance business after realising people just don’t pay back loans.

SCC expects 2Q15 earnings of Bt11.2bn (31% growth), benefitting from widening petrochemical spread to US$814/ton. It expects to book a Bt1.75bn dividend from its subsidiaries. (Thun Hoon, 22/07/15)

SEAFCO got six projects worth Bt241mn which raises its backlog to Bt1.2bn. It expects to get a Bt300mn job in Myanmar. 2Q15 performance is expected to be good. (Thun Hoon, 22/07/15)

SGP expects 1H15 performance to be positive after 1H14’s losses of Bt265.78mn backed by increase in LPG price and cost control. Management is confident 2015 revenue will achieve its target of Bt60bn, backed by large orders. It is budgeting Bt100mn to open five gas stations. (Thun Hoon, 22/07/15)

SVI expects a net profit of Bt1.15bn in 2Q15 (+477%YoY). It expects operations to be normal with robust sales and extra gain from compensation. (Khao Hoon, 22/07/15)
Comment: A fairly straightforward turnaround for SVI given that their factories had burnt down last year and plus with the weaker THB they should benefit

THAI hires foreign consultant for its ticketing system. It expects 2015 revenue to be good aided by robust tourist traffic. (Thun Hoon, 22/07/15)

THCOM is asking to extend concession for radio frequency in Laos for 25 years. It expects to list its Lao subsidiary on the LSX. It expects revenue to grow 20% in 2015 from 2014 revenue of Bt10bn. (Thun Hoon, 22/07/15)

TPIPL says it is not worried about a lawsuit from Ministry of Industry and is ready to defend itself. It targets 2015 revenue to be higher than 2014’s Bt1.33bn supported by large cement orders and power plant business. (Thun Hoon, 22/07/15)

VGI and partner Midas Global Media to expand local market by setting up billboards in central areas, such as in the area of clock towers. (Thun Hoon, 22/07/15)

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