AGE to conclude deal for 9MW capacity biomass power plant with partner within 2H14. It expects investment to be Bt700mn. (Khao Hoon, 25/04/14)

Comment: This deal will be done between QTC, AGE and 2 other partners I believe, its been around in the news for a while now

ASP leads in net profit among securities companies. ASP booked IB income in 2Q14 from the SAWAD and ICHITAN IPO deals. Its dividend yield will be 8-9%, the highest in the industry. (Khao Hoon, 25/04/14)

Comment: You could call ASP the mini-Goldman of Thailand

BECL forecasts 15% net profit uptick –  BECL expects 15% net profit growth this year thanks to a 4% increase in revenue and higher contributions from its associated companies, Bt480mn in net profit from Thai Tap Water Supply Plc (TTW), Bt50mn from CK Power Plc (CKP) and Bt40mn from Bangkok Expressway Co. (Bangkok Post, 25/04/14)

Comment: BECL is essentially a good holding company of infrastructure investments throughout Thailand

Negotiations with China — The Chinese economy has started to recover with government stimulus doubling demand in coal. A Chinese entity is negotiating with EARTH to buy ~1mn tons of coal. The negotiations are expected to complete in 2Q14. (Thun Hoon, 25/04/14)

Comment: Every investor I’ve spoken to refers to Earth as a dodgy company, perhaps so, but a company visit is in the works 

Rumors of purchase by Maybank — Maybank Group is rumored to be negotiating to buy LHBANK after the major shareholder, the Asavabhokhin family, has agreed to let a new partner in. The price will be set at 2-2.5x book value. Anan Asavabhokhin has hinted that there is good news for shareholders. (Khao Hoon, 25/04/14)

Comment: Really? We have our doubts. Then again as if that means anything to the average retail investor.

M Link completes major restructuring – M Link Asia Corporation, a handset and mobile accessories distribution firm, is resuming its aggressive business activities and planning a major comeback in the highly competitive market after completing its major shareholding restructure. M Link aims revenue growth of 10% this year. Net profit will grow by 20% as its moves into businesses with higher margins. (Bangkok Post, 25/04/14)

PAE signs contract with Korean partner and will bid for construction of a rail system in 2Q14. It is bidding for new projects worth Bt4bn and will book projects from PTT and Chevron. It said performance was good in 1Q14. (Khao Hoon, 25/04/14)

PICNI continues to do M&A with World Gas and will request permission from shareholders at the shareholders’ meeting on June 6. Management says it will buy PICNI shares at a price not more than Bt1 per share from dissenting shareholders. (Khao Hoon, 25/04/14)

Comment: Not quite sure what the story is here.

PS reports1Q14 revenue of Bt8bn and presales of Bt8.2bn contributed by 17 new project launches worth Bt14.5. (Khao Hoon, 25/04/14)

TOP continues to build 239MW SPP power plant, to be completed in 2016. It will report good 1Q14 net profit of Bt1.2bn, supported gross refining margin of US$4-5 per barrel and recovery of benzene. (Tun Hoon, 25/04/14)

VGI to do well good in 1Q14 as advertising rises during the 2014 FIFA World Cup trend. It continues to expand ads on smart phones to generate revenue. (Tun Hoon, 25/04/14)

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