BRR expects 2.3-2.4 mn tons of sugarcane to go into its mills in the 2016/1017 season. Sugar prices are now at a four-year high. It targets brown sugar production of 260,000-270,000 tons.(Kao Hoon, 27/10/16)
Comment: I’ve been writing the same thing for a few months now, I’m thinking its time for the sugar co’s to make a move
CENTEL says its hotel business is stable despite fewer tourists from China and Russia because of its competitive pricing. (Kao Hoon, 27/10/16)
CPF acquired 70% in of Fujian Sumpo for Bt1.68bn. It expects this to act as a springboard for animal feeds, farming and food business in China. It expects to invest in three JVs – in Taiwan, China and Thailand. (Kao Hoon, 27/10/16)
EA says construction has been completed for 126MW wind power plants and these are expected to commence operations by the end of this year. It expects 3Q16 earnings to be good thanks to its 278MW solar farm. (Kao Hoon, 27/10/16)
Comment: The story is still the same for EA, nothing has changed for the past few years
HMPRO expects 4Q16 net profit to be good because of higher sales from Homepro Expo to be held at the end of this year. It expects 2016 revenue to hit Bt3.5bn and rise 17% next year on better same-store sales and sales from new stores. (Thun Hoon, 27/10/16)
Comment: It is rather impressive that they are still able to continue performing despite the weaker economic backdrop.
KCE expects 3Q16 net profit to reach Bt772mn, up 35% to bring 9M16 net profit to Bt2.33bn. Behind this this higher revenue and gross margin. It expects 2016 net profit to be a record high of Bt3.12bn. (Kao Hoon, 27/10/16)
Comment: And they’ll continue to hit new highs for the next 12 months

NDR targets 2017 revenue growth of 10-15%. It is budgeting Bt100mn for business expansion. It plans to expand its auto tire business in Europe. It expects to complete a deal to set up a JV by the end of this year. (Thun Hoon, 27/10/16)
PACE expects 4Q16 performance to be a record high on the Mahanakorn project. It plans to launch a new project in Japan valued at Bt4bn, raising the portion of revenue from abroad. It is budgeting Bt1bn to buy land for future property development projects. (Thun Hoon, 27/10/16)
Comment: Despite the excitement, it looks fairly priced in.
PK expects to get one project (food processing machines) abroad next week (Oct 31 – Nov 4), valued at US$7-8mn (Bt300mn). It is waiting to sign the contract for another project, valued at more than Bt1bn, which will increase its backlog to above Bt1.8bn. It expects 2017 performance to turn around because of high orders from Indonesia. (Thun Hoon, 27/10/16)
PTTEP targets petroleum capacity to reach 500,000 bbl/day within 10years. It maintains its budget for skill development of Bt265mn for three years to support its exploration abroad. (Bangkokbiznews, 27/10/16)
PTTGC expects 3Q16 net profit of Bt6bn, up390% YoY on the back of stock gain and FX gain. (Kao Hoon, 27/10/16)
QTC reports backlog of Bt300-400mn, expected to be transferred in 2017-2018. It expects to book revenue from the power business this year. It expects to complete a deal to invest in hydroelectric power plants in Laos in 4Q16. It targets phase 1 capacity of 20MW. (Thun Hoon, 27/10/16)
SCC reported 3Q16 net profit of Bt14.09bn, up 57%, backed by its petrochemical unit, with net profit of Bt11.9bn. It expects 2016 net profit to be a record high. It expects to complete its petrochemical complex JV in Vietnam this year. (Kao Hoon, 27/10/16)
Comment: And voila amazing numbers no surprise. We’ve seen their facility in VN, relatively small impact on their P&L
SGP plans to expand to Asia, with a target of exports to comprise of 70%. It expects revenue to grow significantly from higher LPG price (above US$350/ton). It expects 4Q16 performance to be good because of high demand. It expects 2016 revenue to grow 5% as targeted, backed by a bigger customer base. (Thun Hoon, 27/10/16)
SIAM is budgeting Bt1bn to invest in an RDF (refuse-derived fuel) plant to supply power plants in Japan (more 3,000MW capacity). It plans to cooperate with the Rubber Authority of Thailand and Kasetsart University to use crop waste for biomass fuel. (Kao Hoon, 27/10/16)
SLP is talking to a party in Japan for exports. It plans to increase its proportion of exports. It expects 2016 revenue growth of 15%. It expects 4Q16 earnings to be good because of implementing cost control. It plans to launch new products. (Thun Hoon, 27/10/16)
SMART expects 2017 performance to turn around on higher sales from mega projects that will widen margin. It plans to expand to neighboring countries with an eye to increasing exports to comprise 5-6% in 2017 from 4%. It is confident there is enough capacity. (Thun Hoon, 27/10/16)
SQ expects 4Q16 performance to be better than 3Q16’s after the end of the rainy season. It targets 2016 revenue to be higher than Bt1.8bn on the back of transfers. It plans to take part in Bt23.2bn bids which will increase its backlog from Bt36bn (covering revenue for the next ten years). It is studying to expand its business to Myanmar. (Thun Hoon, 27/10/16)
TSR expects no bad debt in 3Q16. It also plans to restructure its bad debt. It is talking to a party to supply more electric appliances and hopes this will comprise 10% from 7-8%. It plans to open more shops. It expects 2016 revenue growth of 30%. It expects its business in Laos (selling water purifiers and offering leasing service) to be ready to provide services in 1Q17. (Thun Hoon, 27/10/16)
Comment: The issue here is the bad debts and provisioning and if it’ll continue in the 3Q despite what management has come out saying

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