BIZ reported 2Q16 net profit of Bt8.10mn with total revenue of Bt106.59mn, growth of 502% backed by more orders. (Kao Hoon, 06/08/16)

GPSC reported 2Q16 net profit of Bt686mn or growth of 45%, with 1H16 net profit of Bt1.56mn, growth of 55%. It plans to invest in new projects in Thailand and abroad. It expects the 550MW power plant to proceed as planned. (Kao Hoon, 06/08/16)
Comment: This power play has continued to impress since its IPO earlier this year.

PLANB expects 3Q16 to record a new high as it will book revenue of no less than Bt10mn from digital media in BIGC. It plans to add 60 digital media boards nationwide. It is confident that 2016 revenue will grow no less than 25%. (Thun Hoon, 06/08/16)
Comment: Its still rather incredible that this company is trading at these lofty multiples despite their failure to show the magnificent growth, then again as I tell my friends, when investing in Thailand you have to “Believe!”

QLT plans to set up a subsidiary in Myanmar and expects to expand customer base in 2H16. It expects to get more revenue from gas pipeline expansion job in the north. It has backlog of Bt300mn, with Bt180mn of this to be booked this year. (Thun Hoon, 06/08/16)

SC Asset revenue to top B15bn – SET-listed developer SC Asset Corporation Plc expects fullyear revenue to surpass its 15-billion-baht target as housing demand outstrips rising household debt . (Bangkok Post, 06/08/16)

SCCC paid Bt18.7bn to buy 65% in Holcim Vietnam. It expects to finish the deal in 4Q16. (Thun Hoon, 06/08/16)
Comment: They’ve been on quite the spree since Jardin came in, Cemex, Cambodia, Sri Lanka and now Vietnam, 3 of which came from their former shareholder Holcim.

SMIT expects 2016 revenue of Bt1.94bn or close to 2015 as the slow economy has been a drag on sales. It plans to offer painting to the aviation industry. (Kao Hoon, 06/08/16)

Stec revenue hurt by delay in new parliament; company income from new jobs this year well below target of bt20 billion – SINO-THAI Engineering and Construction Plc (Stec), one of the five largest builders, has been affected by delays in construction of the new parliament – a reason it has seen flat revenue growth over recent years. (The Nation, 06/08/16)
Comment: And yet it’s still trading @ valuations on par with its peers. Why? Because of the infrastructure projects.

TMT expects 2016 revenue to be a new high with net profit of Bt446mn supported by rising sales volume and steel price as well as new orders. ( Thun Hoon, 06/08/16)

TNP is confident that 2016 revenue will hit its growth target of 10-15%. It expects to open one branch in 3Q16 to a total of 15 branches by the end of 2016. It reported 1H16 sales and services revenue of Bt712mn and net profit of Bt24.91mn or growth of 68.72%. (Kao Hoon, 06/08/16)

UTP expects 2Q16 earnings to be good due to cost management and more orders. It expects 2H16 earnings to be outstanding supported by new capacity that can handle doubled orders. It targets 2017 to be its year of turnaround as it will have a full year of the new capacity. (Thun Hoon, 06/08/16 )

The board approved an interim dividend of Bt0.17/share, XD on Aug 17 and payment date on Sep 2. (Kao Hoon, 06/08/16)

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