AAV’s net profit was Bt183mn in 2014, down 82% YoY, dragged down by weak operations in 1H14 from the political unrest. (Kao Hoon, 26/02/15)
Thai AirAsia will open new route Bangkok-Burirum on April 2, its eighth route into the northeast of Thailand. Thai AirAsia will then cover all major cities in the northeast. It expects a high load factor at more than 80% for this route. (Krungthep Thurakij, 26/02/15)
AJD operations turned around with Bt100mn profit in 2014 backed by revenue from sale of set-top boxes. The company announced a par split to Bt0.1/share (from Bt1.0/share) and expects revenue to double this year. (Kao Hoon, 26/02/15)
CBG will invest Bt400mn to expand capacity to serve more orders from new clients. The company will expand in ASEAN and targets export sales to hit 50% of total sales in 2018. In 2015, it expects revenue growth of 20% YoY. (Thun Hoon, 26/02/15)
Comment: The company believes that it can do very well in Cambodia/Myanmar/Laos with its single product. I have my doubts on the distribution capabilities but am curious to see what happens.
On March 11, CGH will propose raising capital to shareholders after the board approved a Bt2.56bn capital increase (par at Bt1/share) with a rights offering of one existing share for 1 new share at a price of Bt1.30/share. The proceeds will be used for business expansion in Thailand and overseas, The company believes its financial position will be stronger in the future. (Thun Hoon, 26/02/15)
DCON to propose setting up two JVs to its board on February 26. This year, the company will invest Bt1.0nm into new projects in Thailand and overseas. (Kao Hoon, 26/02/15)
Comment: I do wonder if the news had a type THB 1 mn has no impact on the company itself
ERW expects revenue growth of 35% this year backed by more rooms and a high occupancy rate of 80%. Its has budgeted 2015 capex of Bt2.0bn to build five Hop Inn hotels. It plans to open a hotel abroad in 2016. (Thun Hoon, 26/02/15)
Comment: ERW is still the best pure play for hotels in Thailand today.
HMPRO reported 4Q14 net profit of Bt1.03bn, up 34% YoY, the highest in 2014. In 2014 net profit was Bt3.31bn, backed by growing sales at existing and new outlets. It announced a cash and stock dividend totaling Bt0.14/share. (Kao Hoon, 26/02/15)
Comment: And this company still continues to perform, regardless of what is happening with the economy.
PACE expects earnings turnaround to profit this year. It has Bt13bn in backlog and expects to realize revenues of Bt2.0bn this year. It plans to open two new projects with a value of Bt10bn. It also plans to raise capital in an amount of not more than 20% of total shares for private placement with an Israeli partner. (Kao Hoon, 26/02/15)
Comment: Have a small snippet to post later today about this.
PTTGC to invest US$4.5bn over the next five years and is studying investing in oil shale gas in the U.S. The company expects a better product price in 2H15. (Kao Hoon, 26/02/15)
RS expects revenue of Bt4.6bn this year supported by a booming digital TV business and strong ratings for its channel, Channel 8. It announced a dividend of Bt0.18/share with XD on March 6, 2015. (Kao Hoon, 26/02/15)
Comment: RS and WORK should in theory be the biggest winners in the digital TV business with continued increases in ad rates, the fear I would have as a shareholder (I no longer am) is that what happens if they just miss 1 or 2 quarters of high earnings growth?
Singha Estate’s acquisition done to extend its real-estate business — An anonymous source from a brokerage house said Singha Estate’s acquisition was expected to extend its real-estate business and expand its market into high-end customers. Singha group’s takeover of Nirvana Development is part of its planned business expansion. The transaction value has not been finalised yet. Singha Estate also has other planned investments this year according to the source. (Krungthep Thurakij, 26/02/15)
SAMART announces dividend of Bt0.43/share. This year, it expects project revenue of Bt7.0bn. (Thun Hoon, 26/02/15)
SAPPE reported 171% net profit growth in 2014 driven by growing overseas market. In 2017, the company expects revenue of Bt5.0bn and will continue to expand and develop products. (Kao Hoon, 26/02/15)
SAT expects better earnings this year, targeting 10% sales growth from improvement in the Thai automotive industry and more orders from Kubota, with a gross margin of 19%. It announced a dividend of Bt0.38/share on 2H14 operations. XD is March 2, 2015. (Kao Hoon, 26/02/15)
TK continues to expand nano-financing business, particularly in the AEC market. It expects revenue from overseas to reach 50% of total revenue in 2020. It targets 3% revenue growth this year. It announced a dividend of Bt0.18/share with XD on March 9, 2015. (Kao Hoon, 26/02/15)
TRU expects revenue growth of at least 10% in 2015 backed by an improving Thai automotive industry and a new product. It announce a dividend of Bt0.15/share with XD on April 30, 2015. (Kao Hoon, 26/02/15)