BKD reported 3Q15 earnings growth of 107%. It expects 2015 revenue to mark new high. It has completed up a roadshow in Hong Kong with CLSA with good feedback. (Khao Hoon, 11/11/15)
Comment: I just don’t understand how they were able to grow as well and whether or not it is sustainable.

BRR says investors from Singapore are interested in its shares because of its strong fundamentals. It will hold a site visit on December. It has budgeted Bt800mn to invest in ethanol and biogas power plants. It expects 2015 revenue to reach new high backed by high sugar orders and the power business. (Thun Hoon, 11/11/15)
Comment: Nobody loves sugar no matter how sweet it is.

CCET reported 3Q15 net profit of Bt479.24mn (+124.47%YoY). 9M15 net profit is Bt1.09bn (+138.47%YoY). (Post Today, 11/11/15)
Comment: A weakening thai baht is +ve for all of electronic manufacturers, except perhaps SVI as the majority of their customers are based in Europe (albeit Scandinavia)

CCP expects 2H15 earnings to be good after the rainy season has passed. It plans to expand to neighboring countries as it
has got order from Cambodia. It backlog is Bt2.3bn. It plans to take part in Bt1bn biddings of which 50% is expected to be awarded. (Thun Hoon, 11/11/15)
Comment: It appears for CCP that a lot of the potential future projects have already been priced in for quite a while

CHOW expects 3Q15 earnings to grow 1200%YoY on the back of revenue from construction and power business. It expects 3Q15 revenue of Bt800mn with Bt65mn net profit. 4Q15 is expected to be good backed by solar farm phase2. It expects 2016 revenue of Bt3bn with Bt500mn net profit. (Thun Hoon, 11/11/15)

DRT reported 3Q15 net profit of Bt67.56mn (+38.5%) aided by high-margin products and cost control. It expects utilization rate of 80% next year. (Khao Hoon, 11/11/15)
Comment: Are there signs of a turnaround? 3Q is typically their worst performing month but in 3Q11 its earnings were THB 115 mn thus…it’s 50% down from the period right before the floods.

JWD reported 3Q15 net profit of Bt87mn (+14%). 9M15 net profit was Bt243mn (+94%). It expects 2015 revenue growth of 10% after it has expanded warehouses both in Thailand and abroad. (Khao Hoon, 11/11/15)
Comment: There’s an interesting little business growing here, WHA part deux?

Fire at Terminal 21. Land and Houses Fund Management Co., Ltd. as the REIT manager of LH Shopping Centers Leasehold Real Estate Investment Trust (“LHSC”) reported a fire on the 4th floor tenant area of Terminal 21 at 10:50 am yesterday. The fire was at one rental unit, but was contained quickly. LHSC is covered with all-risk insurance. The property manager has already contacted the insurer to evaluate the damages to file an insurance claim. (SetSmart, 11/11/15)
Comment: From what I understand Piri piri caught on fire.

KCM reported 9M15 net profit of Bt13.31mn (+12.32%) because of lower SG&A. (Khao Hoon, 11/11/15)

PACE expects to show net profit next year on the back of Bt14bn backlog which will lift revenue to Bt10bn though it may show a Bt1bn net loss his year. (Khao Hoon, 11/11/15)
Comment: A potential Raimon Land part 2? Or has this potential success been priced in already?

PCSGH has invested in 5MW solar roof which is expected to operate by 1Q16. It expects this will reduce electricity cost by Bt20mn per year. It reported 3Q15 net profit of Bt146mn. (Khao Hoon, 11/11/15)

PTTGC expects 2015 net profit of Bt24bn on recovery in 4Q15 earnings. (Khao Hoon, 11/11/15)

SPA reported 3Q15 net profit of Bt28.44mn (+200%) on the back of revenue from sales and service and Baan Suan Massage. It plans to open more two branches in 4Q15. It expects 2015 revenue growth of 55%. (Khao Hoon,11/11/15)
Comment: The spa m&a and expansion machine continues, if you’re lazy you can apply a PEG and say this company is worth multiple folds from where it is today, or if you want to work a bit then it’s a different story…

SUPER expects 486.15MW power plant to operate in Nov-Dec giving a total of 500MW in total. It expects 2016 revenue of Bt5bn. It targets 1,000MW in PPA. (Khao Hoon, 11/11/15)

SVI expects 4Q15 net profit to be good aided by the weaker baht and Bt400mn insurance claim. It expects 2015 sales of US$350mn backed by high orders on production quality improvement and new plant in Cambodia. (Thun Hoon, 11/11/15)
Comment: Natural disasters can’t stop this man.

TAE reported 9M15 net profit of Bt215mn (+10%YoY) thanks to increased ethanol and gasohol demand. (Khao Hoon, 11/11/15)

TASCO expects 2015 net profit of Bt5.3bn backed by high asphalt orders from Thailand and abroad. It expects performance to be good in 2016 as it plans to expand its plant in Malaysia. It is considering a global expansion which is expected to be announced on Nov 16. (Thun Hoon, 11/11/15)
Comment: Well no, it’s because oil prices declined and the ASP of their product typically lags by 3-6 months hence why their margins are amazing for now.

TOP expects earnings to be bottom out. It expects 4Q15 earnings to be higher than Bt4bn which will raise 2015 net profit to Bt12bn. (Khao Hoon, 11/11/15)

TPCH reported 3Q15 earnings growth of 21.89%. The construction of the 106MW biomass power plant is on progress. It targets 200MW in biomass power plants by 2020. (Thun Hoon, 11/11/15)
Comment: If only the government was faster, then they would be there already.

XO is talking to local and foreign parties to expand its business. It expects to make a decision by 2016. It plans to broaden its customer base at home and abroad by launching 6-10 new products. It expects 3Q15 earnings to be good. 2015 revenue and net profit are expected to be close to last year. (Thun Hoon, 11/11/15)
Comment: Should they succeed in this I wouldn’t be surprised if investors begin valuing them far higher from where it is today.

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