AJD starts trading at new par value of Bt0.1/share today and expects price at Bt3.2/share. Management reports set-top box sales volume of 500,000 boxes YTD and expects to sell 2mn boxes in 2014. The company is studying investing in a solar power plant in China. (Kao Hoon, 4/11/14)
Comment: Stock splits = retail gold!
Market sees ASIMAR as target of foreign oil drilling company. ASIMAR says 3Q14 will be in the black as it booked revenue of Bt1bn from Port Authority of Thailand’s project and backlog from Marpol project. The company and a partner will open a harbor in AEC, supporting growth. (Thun Hoon, 4/11/14)
Comment: Well its a small company with a market cap of THB 500 mn, not sure where the value is in ASIMAR
BLA offers pension product – With Thailand becoming an aging society, SET-listed Bangkok Life Assurance Plc (BLA) has introduced a new pension product as part of efforts to raise the pension product ratio to 10% of premiums in the next three years. The company expects 5,000 customers to buy the new BLA Unit Pension product to give Bt100mbn in premiums by year-end. The target group is those earning Bt20,000-30,000/month. (Bangkok Post, Thun Hoon, 4/11/14)
CHG plans to increase growth by acquisition. The company has set up a new hospital in Prachin Buri to serve clients from nearby industrial estates. (Kao Hoon, 4/11/14)
Comment: A mini BGH in the making?
DEMCO preparing to sign agreement with Laos to set up an electrical substation. The company plans to set up a 16MW waste power plant in 2015. It also expects to obtain wind power plants worth Bt1.75bn from EA. (Kao Hoon, 4/11/14)
Comment: I do find the waste to power plant expansion very interesting, its about time that Thailand made it easier for the private sector to set up here, and I believe because corruption has decreased it has made entry into this business easier.
FIRE to sell 90 IPO shares at price of Bt3/share; subscription period is 5-7 November. It expects to receive a good response from investors. The company will begin trading on mai on 13 November. (Kao Hoon, 4/11/14)
Comment: Small name + small float = big first day jump
JUBILE expects revenue growth of 20% YoY in 2014. It plans to invest Bt300mn into new branches and also launch a jewelry showroom in November at a cost of Bt200mn. (Kao Hoon, 4/11/14)
Comment: Growth for jubile will likely come in the form of new store expansions, I doubt SSS have been any good this year.
MACO launches Open Play advertising in PTT’s petro stations nationwide and expects revenue from this of Bt60mn in 2015, supporting growth. The company reported 9M14 revenue of Bt464mn and net profit of Bt103mn. (Kao Hoon, 4/11/14)
Comment: It’s earnings (along with everyone else in the sector) have been poor this year.
PLE preparing to invest Bt1bn into biomass or waste power plant. The company expects to obtain a project worth Bt1bn. It will Bt2bn revenue from the construction of the Purple Line in 4Q14. The company targets 2015 revenue of Bt10bn. (Kao Hoon, 4/11/14)
PPS maintains revenue growth of 10% YoY in 2014. The company says the construction business is not yet vigorous in 4Q14. The company is ready for new large projects. (Kao Hoon, 4/11/14)
ROJNA negotiating to sell 1,400 rai to two clients; the deal will be wound up in 4Q14. The company says 3Q14 was good, as it booked Bt4bn revenue from land sales. The company is confident that its shareholders will buy additional shares of Bt399mn or Bt7/share and it will use the fund to buy not more than 49% of TICON at price of Bt22/share. (Thun Hoon, 4/11/14)
TUF wraps up deals for producers – Thai Union Frozen Products Plc (TUF), the world’s top exporter of canned and frozen tuna and shrimp, has announced completion of its acquisitions of seafood producers MerAlliance and King Oscar. TUF in September announced it had agreed to acquire 100% of their assets. (Bangkok Post, 4/11/14)