ARROW
ARROW expects strong 1Q15 earnings backed by rising revenue. It expects 20% revenue growth this year and has a chance to get one of the Red Line contracts value at Bt40mn. (Kao Hoon, 19/03/15)

CPALL
Subsidiary CP Retail Link Co., Ltd. expects 2015 revenue of Bt3.4bn or 15% YoY growth from last year and will expand over 50 service centers this year. (Kao Hoon, 19/03/15)

JMT
JMT plans to bid for the new bad loan portfolio worth of Bt10bn. The company has about Bt62bn loans currently which it expects to book as revenue through 2020. This year the firm expects 50% earnings growth driven by better collection of bad loans. (Kao Hoon, 19/03/15)
Comment: The issue with JMT is that despite its absolutely amazing growth, they will need to raise additional capital to continue growing at this pace.

LALIN
LALIN expects to launch five new projects worth Bt2bn and expects revenue for the whole of 2015 to be Bt3.12bn. (Thun Hoon, 19/03/15)

MSC
MSC to expand into CLMV countries as it sees potential opportunity from large population base. (Kao Hoon, 19/03/15)

NMG
Shareholders querying lack of tender – Retail shareholders have submitted a letter to NMG’s management regarding the shareholding by Sremsin group, which is now above 40% of outstanding shares. They wonder why this group does not have to do a tender offer. (Kao Hoon, 19/03/15)
Comment: Because they can refuse to, if they want to..

PE
Singapore investors interested in PE as the firm will change its business structure to energy and infrastructure. (Kao Hoon, 19/03/15)

PHOL
PHOL targets revenue growth of 20% YoY and net profit margin of 6-7% in 2015. It plans to spend Bt200mn to expand into a wastewater treatment system. (Kao Hoon, 19/03/15)

QLT
QLT targets 5% revenue growth this year as its clients have been impacted by lower commodity price. (Kao Hoon, 19/03/15)
Comment: I have a co visit with them later this month, expect to see a write up in a few weeks

SIRI
SIRI expects revenue from condo of Bt22bn in 2015 backed by current backlog of Bt18bn. The firm plans to launch another eight condos projects worth Bt21bn. (Kao Hoon, 19/03/15)
Comment: I don’t think the market believes in the recovery of SIRI just yet given its incredibly poor 2014 and other multiple issues within the company

SYMC
SYMC targets revenue growth of 20% this year and sets Bt1.2bn capex to improve its network ahead of potential demand from the digital economy. (Kao Hoon, 19/03/15)
Comment: A very stable business here, strip out its depreciation and you’ll be pleasantly surprised.

TRC
TRC decided on both cash DPS of Bt0.034722 and dividend share with the ratio of 4:1. The XD will be on May 11. (Kao Hoon, 19/03/15)
Comment: TRC was a good trade as a result of their potash mine holding, but across the market I’m seeing more and more dividends being given out as shares, which the market has never liked.

  1. Agreed Pon, if you’re looking to avoid the mosh-pit that is the upcoming 4G auction, SYMC is by far the best ICT/ASEAN play on offer. With Thailand lined up to be the central hub for telecommunications and logistics, especially once Myanmar’s growth train leaves the station, SYMC’s earnings are going to skyrocket. EBITDA has increased continuously even during periods of political turmoil. Great opportunity imo.

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