AIE

AIE confirms strong fundamentals and said 2013 revenue will be Bt4.2bn with 2014 revenue at Bt5.5bn, supported by B7 bio-diesel. It aims to list on mai in January 2014. (Khao Hoon, 16/12/13)

BAY

BAY expects Bt36bn new property loans in 2013, beating its target of Bt28bn. It is seeing a steady drop in NPLs of 1.29%, better than the property sector at 4.57% and said property loan in 2014 will continue growing at 8-10% YoY. (Thun Hoon, 16/12/13)

CPF

Opens new integrated shrimp farm — CPF has opened “Farm Roi-Petch”, the first completely integrated shrimp farm in Thailand. It said the farm will help lower EMS rates. It expects recovery in its shrimp business next year with production expected to reach 50K tons. (Khao Hoon, 16/12/13)

EPCO

2013 profit growth 150-160% — EPCO says this year’s profits will grow 150-160% on revenue growth of 3% YoY, supported by better earnings from its printing business and revenues from its power plant business along with dividend income from “Bo Ploy Solar” project. It expects its solar farm investment of 23-25MW in Japan to be concluded by this quarter. (Khao Hoon, 16/12/13)

NOK

Nok Air joins with Singapore’s Scoot – A new game in Thailand’s hotly contested low-cost-carrier (LCC) market is beginning in the long-haul low-fare segment, with Thailand’s Nok Air (NOK) teaming up with Singapore’s Scoot to create a joint-venture airline based here. Sources say management at both companies recently endorsed a basic agreement to establish NokScoot in Thailand with the prime mission of taking on Thai AirAsia X (TAAX), a long-haul LCC being set up as the Thai offshoot of AirAsia X Bhd. International industry sources said NOK, Thailand’s second-largest LCC, will own 51% of NokScoot, with Scoot Pte Ltd, part of Singapore Airlines, owning 49%, the Thai statutory limit for foreign ownership. The creation of NokScoot could involve a capital outlay of Bt3bn. NOK chief executive Patee Sarasin declined to comment, but sources said a final agreement could be signed as soon as next month. (Bangkok Post, 16/12/13)

PTTEP

PTTEP expects to announce result of Hess purchase in December. If it wins the bid for Hess assets in Thailand and Indonesia, petroleum sales will increase ~15% YoY in 2014 from an average 290,000 BOEs per day. It will develop a new project in Mozambique in 2014 after PTT entered into a LNG purchase agreement. Investment outlay in next five years will sharply increase. PTTGC is to sign an agreement with Persero to enter the polymer market in Indonesia today. (Thun Hoon, 16/12/13)

SALEE

SALEE reveals business strategy for 2014 in which it will focus on expanding both new and old clients to reduce revenue volatility and purchase new equipment. A new plastic factory will increase its capacity. Management expects 2014 revenue of ~25-30% YoY with gross margin of 30% and is confident that overall business outlook is good, in line with the global economy. (Thun Hoon, 16/12/13)

SPALI

New high in revenues in 4Q13 — SPALI says revenues will be a record high of Bt7.2bn in 4Q13, supporting its 2013 revenues target of Bt13.5bn. Presales are expected to be ~Bt20bn, with 11M13 presales now at Bt18bn. Next year, SPALI plans to launch 22-24 projects worth Bt25bn. (Khao Hoon, 16/12/13)

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.