ACD plans to acquire three hotels in Phuket worth Bt10bn, expecting to finalize the deals within this year. It also plans to acquire businesses in Laos and Cambodia. It expects to achieve revenue above Bt1bn this year. (Thun Hoon, 19/6/15)

BBL sold 484mn shares of IRPC at Bt4.06/share to foreign funds. (Khao Hoon, 19/6/15)
Comment: Clever move on the part of BBL, never cared much about this so-called long term “Phoenix” project that IRPC have been touting for years.

BMA insists NPG project is transparent. In response to Bestrin Group’s appeal to the prime minister to investigate the transparency of the NPG bus project, the Bangkok Mass Transit Authority insists the bid for NGV bus project was transparent and it will go ahead and sign two contracts with CHO to provide the NGV buses and maintenance services in June. (Khao Hoon, 19/6/15)

DNA acquired 8.32% stake in TCC for Bt180mn. TCC expects revenue to grow 10% this year on the back of rising demand. (Thun Hoon, 19/6/15)

FVC expects its earnings to recover in 2H15 as it will realize revenue from medical business in 4Q15. It expects its revenue to grow above its target of 18-20% and plans to have one acquisition deal this year. (Khao Hoon, 19/6/15)

ITD has been awarded a new project for road construction (Kabinburi-Wangnumkew) worth Bt795mn. (Thun Hoon, 19/6/15)

KBANK expects economic recovery in 2H15, expecting its loan growth to beat its target of 6% this year. (Thun Hoon, 19/6/15)

LHBANK is in talks with several potential partners, mainly from China and Japan, with a eye of expanding its trade finance business. LHBANK targets loan growth of 10-15% in 2015, increasing its focus on corporate loans. It set a 3-year growth target at 15-20%. (Thun Hoon, 19/6/15)
Comment: Looks like the BOT told CP Group to stay away from LHBANK

ORI plans IPO of 180mn shares (Bt0.5 par), expecting to list on the SET in 3Q15. (Khao Hoon, 19/6/15)
Comment: Small IPO, expect a strong first day performance (good luck buying shares pre-IPO)

PPS admits that 2Q15 earnings will be lower QoQ and it cannot achieve its full-year revenue target. It plans to set up a subsidiary in Singapore and expand into Myanmar and Laos. (Khao Hoon, 19/6/15)

PTT plans to revise its investment plan to accommodate the volatile economy by increasing focus on domestic and regional markets. (Khao Hoon, 19/6/15)

SAMTEL’s subsidiary signed an agreement for a new project worth Bt891mn to set up a digital mobile radio system for Bangkok Metropolitan Administration. (Thun Hoon, 19/6/15)
Comment: The only company that is growing decently within SAMART’s group of companies

TVD’s earnings are expected to turn around with 2,000% QoQ growth in 2Q15, as a result of the sales of its subsidiaries in Laos, Vietnam and Cambodia and expansion into the insurance business. (Khao Hoon, 19/6/15)
Comment: A Direct TV sales co expanding into insurance?

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