SET halts trading ADAM as of afternoon session on 25 September. It has requested additional information about ADAM’s investment in Gee Tha for Bt800mn. Shareholders approved a capital increase and the sale of four subsidiaries. (Kao Hoon, 26/09/14)

EARTH India cancels coal blocks — BANPU, EARTH and AGE are optimistic on India’s decision to cancel most of its coal block. EARTH expects India to start importing more coal from Indonesia, up from its current orders of more than 2 million tons per year. (Kao Hoon, 26/09/14)
Comment: A positive trend for these 3 companies, if you want to rank the co’s in terms of capability 1. Banpu; 2. Earth; 3. AGE

Airport terminal faces delays – Don Mueang airport’s new passenger terminal will not be completed until next year due to delays in upgrading facilities, the Airports of Thailand (AoT) said yesterday. The AoT last year approved a Bt3.2bn budget to improve the airport, including a plan to almost double its capacity to serve 30mn passengers, up from 18.5mn a year. (Bangkok Post, 26/09/14)

ASIMAR partners with BTC for various investment projects. ASIMAR is undergoing a study to open a port in Myanmar ahead of the opening of AEC and in anticipation of a trade boom. It believes that major customers will give ship building and maintenance contracts that will help support revenue for the company in 2015. It is hoping for a turnaround in profits in 3Q14 as it will start booking in revenue from its Bt1bn deal. BTC is in the process of restructuring its business to help supply growth. (Thun Hoon, 26/09/14)
Comment: BTC has been a quiet co for the past 10 years without much growth to show for it so its interesting to see that things are moving there.

BCP investing US$100mn in an oil well in ASEAN to be concluded in late-2014. The Nido acquisition deal will take 62% of that. The company expects stock loss from oil in 3Q14 as oil price has decreased. (Kao Hoon, 26/09/14)

BEAUTY expects 3Q14 to be stronger than 2Q14 on sales of Bt308mn due to recovery in consumer confidence, which should help push demand and sales to reach target growth of 30%, plus the expansion in its customer base. It will open 65 new branches in the second half of the year. (Thun Hoon, 26/09/14)
Comment: We’ve been reading that the consumer make up market still has a long way to go, if so BEAUTY and KAMART are the major beneficiaries

DCC expects revenue growth of 9-10% YoY in 3Q14 upon recovery in the domestic economy. The company maintains revenue growth of 5% YoY and is spending Bt400mn to increase and renovate its branches in 2014. DCC expects to go overseas in 2015. (Thun Hoon, 26/09/14)

DTAC to spend Bt10bn more to expand 3G-4G base stations by another 6,500, up from its current 12,000. This will bring total number of stations to 18,500 by 1Q15. It aims to be the leader in internet and 4G in Bangkok Metropolitan area and 30 large cities. (Kao Hoon, 26/09/14)

EA expects profit to peak in 2016, driven by booking of revenue from more than 404MW from its solar farm and wind power projects. The company has appointed SCB as financial advisor for a solar farm and wind power plant worth Bt26bn. (Kao Hoon, 26/09/14)
Comment: Or a fund perhaps?

Grammy launches TV channel – SET-listed entertainment giant GMM Grammy Plc is spending Bt1bn on GMM Channel, a standard-definition digital TV channel, hoping it will be ranked in the top five channels within three years. (Bangkok Post, 26/09/14)

SEC orders JAS to revise 2013 and 2Q14 financial statement to book estimated liability from the Supreme Court decision. The market expects JAS to book liability of Bt1.3bn. (Kao Hoon, 26/09/14)
Comment: A post coming up on this later today

PS confirms 204 revenue target of Bt42bn. It is confident that it will launch all 73 projects worth Bt72bn by the end of the year. It believes the real estate market will recover in the second half and it plants to issue Bt4bn worth of bonds this October. (Kao Hoon, 26/09/14)

RICHY says 2H14 revenue will jump to more than Bt1bn due to transfers of its condo project, RICH PARK @ Taopoon Interchange, worth Bt1.7bn. It expects revenue of over Bt1.2bn. (Kao Hoon, 26/09/14)

SEAFCO is studying and will visit Vietnam market in November 2014 as it expects to obtain new projects overseas. The company is waiting for bidding results for two projects in Myanmar worth Bt200mn in October. Management expects good revenue in 3Q14 as it has delivered more projects and expects revenue of Bt1.6-1.7bn in 2014. (Thun Hoon, 26/09/14)

TWZ has set a revenue target of Bt5bn for 2015 after completing its deal for a capital increase of 2 billion shares, purchased by Vichai Thongtang and his group. The company will move ahead to expand its telecommunications business and expects to start booking revenue from its real estate business. (Kao Hoon, 26/09/14)

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.