AI confident that net profit this year will grow by 200% driven by strong performance from subsidiary AIE and AI’s earlier investments that are expected to help lower costs by 20%. Revenue this year is expected to hit its target of Bt9bn. (Kao Hoon, 23/01/15)
Comment: These are impressive numbers come out of AI, I’m not sure why at the moment.
AIE expects revenue to jump to Bt8bn this year due to strong flow of orders. It said that the company’s program to increase efficiency will help lower costs to compensate for the government’s cut in the proportion of biodiesel mixed in oil. (Kao Hoon, 23/01/15)
AJD says 2014 profit jumped, while revenue from its entertainment business in 2015 is expected to increase by 50% driven by subsidiary, Happy Import-Export, which is expected to produce more than 10 TV shows this year for Channel 7. The subsidiary also plans to apply for a license to be able to sell Thai TV shows in China. AJD plans list this company on mai in 2016. (Kao Hoon, 23/01/15)
AJP’s board approves setting up two new subsidiaries related to IT and energy businesses and a capital increase with the exercise ratio for existing holder of 1:1 at Bt6/share; subscription and payment dates are March 13-19, 2015. (Thun Hoon, 23/01/15)
Comment: I’m having trouble believing any announcement coming out of this company with such a manipulated stock price.
BECL plans SET debut in Q3 – Bangkok Expressway Plc expects to complete its merger with subway operator Bangkok Metro and start trading in the stock market in the third quarter of this year. (The Nation, 23/01/15)
BJCHI to sign for new projects in Brazil and Australia worth a total of Bt3.5bn in February. It has set a revenue growth target of 15% this year again after it successfully reached its target growth of 15% last year. Growth this year will be supported by its current Bt4bn backlog on hand. (Kao Hoon, 23/01/15)
Comment: I’ve always liked BJCHI, at the right price of course.
CK restructuring to open the way for BMCL and BECL to merge. It is also selling its 30% stake in Xayaburi Power Company Limited (XPCL) to CKP. The new structure of the company is expected to help facilitate its electricity business in Laos in the future. (Thun Hoon, 23/01/15)
EPCO to move ahead with its solar farm investment in Japan. It plans to develop 6 new solar farms, which should raise its capacity to 60-80MW by 2016 and also drive sales to grow by 15-20% and earnings to grow by 30% this year. It said it is considering investing in other projects in neighboring countries. (Thun Hoon, 23/01/15)
PRIN setsrevenue target of Bt3bn in 2015 from Bt2.4bn in 2014 as it expects to book around Bt500mn of its backlog this year. It plans to launch new projects to help push its presales to Bt3bn. It said it will focus more on low rise projects. It also plans to invest Bt1bn to acquire land located in Bangkok Metropolitan area. (Kao Hoon, 23/01/15)
Natural gas firm Scan plans IPO – Scan Inter (SCN), a company engaged in natural gas-related businesses, next month plans to float up to 300mn capital increase shares – or 25% of its total outstanding shares after an initial public offering (IPO). (The Nation, 23/01/15)
Developer Sena budgets Bt1 billion for land purchases – Sena Development Plc has set aside a two-year investment budget of Bt1bn to buy undeveloped land for residential projects. (The Nation, 23/01/15)
Comment: One of the smaller property developers listed, but its one project on phetchburi is equivalent to its market cap.
TGPRO expects 2015 revenue to surge by 25-30% supported by the economic recovery, the government’s mega projects and the court’s ruling on requiring elevators to be put in each one of the 23 BTS stations within one year. The company also expects the recovery in the real estate market will also increase demand for stainless pipes and furniture pipes. (Thun Hoon, 23/01/15)
TRC waiting for PTT confirmation letter on repair work for gas pipeline worth Bt3.8bn. It is also waiting for bidding results on the potash mine concession and other developmental projects, which is expected to be announced no later than 1Q15. Revenue this year will grow by 20% supported by its backlog of Bt4bn. It is confident that its backlog will reach Bt10bn by the end of the year. (Kao Hoon, 23/01/15)
TRC announced that will be taking on a partner to take on a mega project worth more than Bt40bn. Conclusions are expected to be reached soon. It also expects to receive new work worth Bt5bn in 1Q15. The CEO announced that revenue will exceed Bt10bn in four years. (Thun Hoon, 23/01/15)
Comment: Traditionally TRC has only received project work from PTT, perhaps with the mega projects it can finally upgrade itself to do more than PTT projects.
TTA appoints Mr. Somporn Chitphentom as new Executive Vice President, Mr. David Ng as the Executive Vice President for Corporate Strategy and Accounting, and Mr. Chatree Akaracharanya is the Executive Vice President for the Food & Beverage Group. (Kao Hoon, 23/01/15)
Wind Power shareholders pass all resolutions at meet – Wind Energy Holding’s (WEH) majority shareholders approved all resolutions at the company’s extraordinary shareholder general meeting, including maintaining the existing board composition of eight directors and changing the authorised directors of the company. (The Nation, 23/01/15)
Comment: The only issue that is holding back Demco’s stock price and its own IPO
Expanding to US and Europe — XO, a producer and exporter of Thai seasoning products, is expanding its business to US and European markets in hopes of increasing sales. It expects revenue to grow 10-15% in 2015; it says revenue and earnings reached target in 2014. It said that it plans to set up a new factory to double its production capacity. It said the factory will be completed within 2-3 months. (Thun Hoon, 23/01/15)