ABC’s financial statement reported sharp decline in net profit in 2Q14 due to the slowdown in the property market. It expects the use sale of idle land to repay debt. It is assessing the electronic business and will do a road show with a partner. (ASTV Daily Manager, 29/08/14)
AS expects improving earnings in 2H14 after the company introducing new nine games, bringing it to breakeven in 2014. It expects 2015 earnings to be in the black supported by integrated online media strategy and no license amortization. (Kao Hoon, 29/08/14)
Comment: If you wanted to play an angle on online gaming in SE Asia, then AS is your only option.
AH expects sales and net profit to recover in 2015 after a 10-15% fall in sales volume in 2014. 2015 improving will be supported by normalized utilization rate at 70-80%. The company is preparing to issue a bond for refinancing and working capital. (Kao Hoon, 29/08/14)
BAFS expects 2014 revenue growth of 4-5% YoY from 10% YoY and has cut sales volume growth to 0.7% or 4,984nm liters. The company will invest in India and China if the project in Myanmar is canceled. (Kao Hoon, 29/08/14)
Comment: BAFS business is linked to the # of planes coming in and out of Thailand, typically this has been a safe dividend play because of its monopolistic nature of its business.
BLAND plans to set up REIT and book extra income of Bt10bn, bringing 2014 earnings to a five-year high. The company has bought 93mn shares in its repurchase program over the past three days at a cost of Bt209mn. It plans to invest Bt1.7bn in Muang Thong Thani expansion. (Kao Hoon, 29/08/14)
Comment: So there are no surprises left for BLAND, sharebuyback is well under way, and yes they are officially going to be the first REIT in Thailand
CCN set its IPO share price of Bt1.25. Subscription is 2-4 September and the shares will trade on mai on 11 September. It plans to raise Bt75mn for working capital and expects revenue growth of 20% YoY. (Kao Hoon, 29/08/14)
Comment: Feeling like a broken record, seems to be very many small co’s listing these days, the positive aspect of this is that at one point anyone of these companies could be attractive.
CPN to open B3.5bn mall in the South – Central Pattana Plc (CPN), the SET-listed retail developer under the Central Group of Companies, plans to capture the high spending power in the South by investing Bt3.5bn on a new development in Nakhon Si Thammarat this year. The development of the new Central complex will add another dimension to Nakhon Si Thammarat and prepare the province for economic growth with the launch of the ASEAN Economic Community (AEC) at the end of 2015. (Bangkok Post, 29/08/14)
GUNKUL expects revenue of Bt3bn or +50% YoY in 2014 supported by current backlog of Bt1.2bn. The company plans to bid for additional projects worth Bt2-3bn and wants to add more solar power plant projects. (Kao Hoon, 29/08/14)
JMART expects brighter 2H14 on easing political problems. The company plans to launch new products and expects revenue growth of 15% YoY in 2014. It will invest Bt400mn to add more branches and for sales promotions. It is ready to add new branches in Myanmar and targets a total of 26 branches in 2014. (Kao Hoon, 29/08/14)
Comment: JMART has multiple businesses. JMT and JAS are both doing well, JAS likely to list in 2015, but the phone selling business is struggling as smartphone adoption rates have already hit high levels in Thailand.
KTB expects loan growth of 10% YoY and is confident that NPLs are under control. The company says it has no plain to raise capital for the next three years. (Kao Hoon, 29/08/14)
LDC sold out its 120mn IPO shares. It believes investors see good potential for the company. It will list on mai on 2 September. (Kao Hoon, 29/08/14)
Comment: see above…
LHK expects flat FY2015 net profit (1 April 2014 – 31 March 2015) from FY2014’s Bt148.65mn. It sees growth potential in home appliances and construction and plans to acquire additional business. (Kao Hoon, 29/08/14)
Comment: LHK’s numbers haven’t gone anywhere in the past 4 years.
Nok Air leads flock of six – Nok Air took delivery of the first of the six Q400 NextGen turboprop aircraft it ordered from Bombardier aimed at strengthening the budget carrier’s regional network. (Bangkok Post, 29/08/14)
PS expands to 3-floor townhouse segment and has launched five projects worth Bt5bn. The company continues to capture provincial clients, focusing on Chiang Mai and Surat Thani. (Kao Hoon, 29/08/14)
THAI signs MOU with King Power to launch 10% discount promotion for passengers after they buy products at duty-free shops in three airports. Management expects this campaign will add 10% to passengers in 4Q14. (Kao Hoon, 29/08/14)
True4U beefs up content – True4U, the digital TV channel owned by True Corporation, is spending Bt500mn on programming and content to refresh its lineup with the aim of becoming a top-five digital broadcaster. The channel has achieved good viewer feedback since it launched three months ago, said managing director Rungfa Kiatipoj. (Bangkok Post, 29/08/14)
True Digital Content & Media launched new business under EGG Digital to provide digital marketing, mobile applications, and develop website services. It will serve large corporate clients and expects revenue of Bt500mn in 2014. (Thun Hoon, 29/08/14)
Board approves the purchase of 250mn NMG shares or 7.57% of paid-up shares, at Bt1.6 per share for a total of not over Bt400mn. Management said this investment will generate return and is a way to manage cash. He confirms that the company’s core business is still property development. (ASTV Daily Manager, 29/08/14)
Comment: I have no idea what this company does, they someone have a paid up capital of THB 16 bn (a recap was done in 2012 and 2013), equity of THB 1.4bn and a market cap of THB 1.2 bn, and with only THB 2 mn in net profits so far this year…