Presales sales to hold up in 2Q16 in 3Q16 and update the maximum in 4Q16 with more new condo launches in that way is likely sales and presales are considered to be in 2Q16 3Q16 grow in years maximum in 4Q16 see the launch of the sixth development plan (AP, LH, LPN, QH, SIRI, the SPALI) condo in 2Q16 was cut to 1.6 billion from Bt25bn a LH and LPN has postponed the project 3Q16, which means that the value of the launch will jump to Bt20bn in 3Q16 + 23% qoq, most from land & houses (7.2 billion) SPALI (4.2 billion) and a l.p.n. (Bt4.0bn) in the 4Q16 launch condo will rise to Bt57bn, + 184% QoQ from SIRI (Bt26.9b.N) AP (1.2 billion) and (Bt10.2bn), the SPALI top: LH. We like the company has a turnover of LH transition to a growth cycle in 2016-2017 to grow earnings 18% good principles in 2016, and 23% in 2017, with a far higher profit visibility arrears of LH have improved forecasting and risk will be reduced. We also expect LH will book a special non-cash gains 1.4 billion baht from LHBANK.
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