EASTW expects 2Q16 net profit to be peak because of seasonality. It expects 2016 revenue to grow 5% from 2015’s Bt4.65bn brought by continuous demand growth. It plans to list its subsidiary by 4Q16. (Thun Hoon, 19/04/16)
Comment: We’ve been waiting for this UU IPO for quite a while now.
GOLD is talking to a prospective partner to invest in property business abroad, with a decision to be made within next year. It targets 2016 revenue of Bt9.77bn driven by transfers. (Thun Hoon, 19/04/16)
GPSC expects 1Q16 earnings to be above Bt600mn (+28%YoY, +117%QoQ) mainly driven by Bt180mn dividend from subsidiary RPCL. (Thun Hoon, 19/04/16)
KOOL targets 2016 revenue to grow 40% on the back of a marketing campaign and higher sales because of the high temperatures. (Bangkokbiznews, 19/04/16)
NWR expects to sign contract for motorway (Bang Pa-In – Korat) valued at Bt2.5bn soon. It plans to take part in Bt30bn in bids. It is studying investing in new business which is expected to raise revenue in 2017. (Khao Hoon, 19/04/16)
Comment: The issue here is that they can’t do more than what their balance sheet permits despite their best efforts

PTTEP expects 1Q16 net profit of Bt5bn (-42% YoY), hit by the fall in oil price that has cut its average selling price to US$34. (Khao Hoon, 19/04/16)
QH targets 2016 net profit growth of 8-10% backed by cost control. It expects revenue of Bt21bn. It plans to launch 15 projects valued at Bt16bn. (Khao Hoon, 19/04/16)
QTC and UAC plan to invest in a Bt4bn Japanese solar farm. QTC plans to increase capital by issuing 70mn share to place via PP at Bt4.7/share. It expects to use the funds to invest in alternative energy with minimum IRR of 15%. (Thun Hoon, 19/04/16)
Comment: Think that the news is incorrect as it appears its only QTC involved in this.
SC expects 1Q16 net profit of Bt467mn (+192%) and Bt3.29bn in revenue (+59%). (Khao Hoon, 19/04/16)
SIRI plans to launch seven projects valued at Bt13.2bn in 2Q16. It expects presales to reach Bt7-8bn. Its 1Q16 presales reached Bt5bn aided by an event and government stimulus measures which raised its backlog to Bt34bn. (Thun Hoon, 19/04/16)
SMT expects 1Q16 net profit to be good after it launched high-margin products. It plans to wipe out retained losses in 2Q16. It expects 2016 gross margin to hit 6-9% from last year’s 1.93%. It got orders from 10 new clients. (Thun Hoon, 19/04/16)
Comment: I’ll believe it when I see it
THANA is budgeting Bt500mn to buy land in Nonthaburi. It is studying launching SDH in Khon Kaen and Ubon Ratchathani. It plans to launch three projects. It targets 2016 revenue growth of 20% on the back of Bt170mn backlog. (Thun Hoon, 19/04/16)
TOP expects to supply 115MW from SPP Phase 2 by June. It expects this to increase its revenue portion from power business. (Thun Hoon, 19/04/16)
YUASA plans to broaden to Myanmar and Cambodia where demand is high. It expects exports to comprise of 20%. It targets 2016 revenue to grow 5-10% from last year’s Bt1.7bn. It plans to focus on high-margin products. It has many orders from both home and abroad. (Thun Hoon, 19/04/16)

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