AJD’s board of director has approved the rising capital in the amount of Bt80mn (800mn shares at Bt0.1/share par value). This will increase registered capital to Bt550mn (from Bt470mn). (Krungthep Turakij, 10/09/15)
Comment: And are you surprised by this? 
BCP to list renewable energy arm. The state-majority-owned Bangchak Petroleum Plc (BCP) plans to list its renewable energy arm BCPG on the SET next year, a decade after it diversified into the sector. The company operates a dozen solar farms nationwide with a combined capacity of 118 megawatts. Management said BCP was also in talks with several renewable energy operators including geothermal power plants in Malaysia and Indonesia as well as domestic operators of biomass and biogas facilities for possible mergers and acquisitions. (Bangkok Post, 10/09/15)
Comment: Their renewable energy business was been on the bright shining lights of BCP’s continued improvement in performance (ex oil prices) in the past few years
BTS expects to sign two Green Line extension contracts this year and plans to use Bt16bn capex to buy 40 additional trains. (Khao Hoon, 10/09/15)
Comment: And the monopoly on the sky train shall continue!  Positive point – would you really want the Thai Government to be responsible for the BTS?
BRR expects strong earnings this year backed by strong sugar orders and revenue from its power business. BRR’s management said the government is talking with partners about investing in an ethanol plant and expects the project to be concluded in 4Q15. BRR plans to use Bt600mn capex for biomass power plant expansion. (Thun Hoon, 10/09/15)
Dusit Thani gets new CEO – Dusit Thani, a listed operator of several hotel brands, has appointed Thaicom’s outgoing chief executive officer Suphajee Suthumpun as its new group CEO to enhance the development of its human resources and technology. The appointment will take effect from January 1, 2016. Dusit Thani is undergoing a significant transformation to support its vision of sustained international growth in various business sectors, including hospitality, education and property development, and it is therefore the opportune time to bring in new leadership, the company said. Suphajee is expected to help drive business forward as she comes to the group with a distinguished career background and extensive experience in both domestic and international corporations. (Post Today, 10/09/15)
Comment: AN AMAZING MOVE! She turned around the POS that was THCOM, and with DTC she has some amazing assets and a decent brand name to work with, could she do it again?

GLOBAL expects 10-15% revenue growth this year supported by seven new stores and and 2-3% same-store sales growth. The company believes consumer spending will pick up in 2H15 boosted by the government stimulus program. It plans to open the first outlet outside Thailand this year, in either Laos or Myanmar. (Khao Hoon, 10/09/15)
HMPRO believes 10-15% revenue growth is achievable on a better economic outlook from the government stimulus program. The company plans to open a MegaHome outlet in Aranya Prathet district this year. (Thun Hoon, 10/09/15)
LHK expects a good 2QFY15 quarter (July – August 2015) backed by the improving auto market but believes 2015 revenue will be flat from last year at Bt3.4bn, dragged down by slow demand in Thailand and overseas. (Khao Hoon, 10/09/15)
MCOT to spend Bt2.5bn to expand next year – SET-listed MCOT Plc, the state-owned broadcaster of Channel 9, will spend 2.5 billion baht to expand its broadcasting business next year. Of the total, 1.2 to 1.5 billion baht will be spent on TV content and the rest used to pay for digital TV licence fees and maintenance costs. (Bangkok Post, 10/09/15)
Comment: That’s the issue with the industry, they’ll have to spend a small fortune today in order to potentially make a return in the next 5 years
MCS has bought 66% of Natsu Steel Structure Co., Ltd in Japan with total investment of ¥33mn or Bt9.65mn. The investment was to further its intention to become the first fabrication facility for MCS in Japan, to become the center to coordinate with customer in Japan and to support the export of its products in Japan both from Thailand and China. (Post Today, 10/09/15)
Comment: One of the safest plays out there today, and yet no analyst had a clue at the meeting 2 days ago.
SET-listed Pruksa Real Estate (PS) maintains its 2015 revenue target of Bt47bn even though the government will soon implement tax incentives to restore housing demand. Pruksa plans to launch 15-20 projects worth a combined Bt20-25bn in the fourth quarter. The company expects to record sales of Bt13bn in the period, equal to last year’s fourth quarter. (Bangkok Post, 10/09/15)
QTC expects strong 3Q15 earnings backed by more revenue and backlog. It expects to finalize a project with UAC in 4Q15. (Thun Hoon, 10/09/15)
SAMCO expects Bt1.8bn in revenue this year. 4Q15 will be a strong quarter backed by condo transfers of Bt500mn. The company plans to launch two new projects with value of Bt2.0bn this year. Financial health is strong with a low D/E of 0.3-0.4x. (Thun Hoon, 10/09/15)
TTCL expects revenue of Bt20bn this year backed by Bt40bn backlog on hand. TTCL is constructing a power plant in Myanmar and expects to recognize revenue in 2020. (Khao Hoon, 10/09/15)
THANA expects 10-15% revenue growth this year and plans to use Bt300mn for land acquisition. It plans to open a new project with value of Bt400mn. (Thun Hoon, 10/09/15)
THAI remains confident it can return to profit next year as scheduled in its business rehabilitation plan despite not being able to cut costs as much as expected. (Bangkok Post, 10/09/15)
Comment: I remain confident that they have to recap
WICE targets Bt800mn in revenue this year. It has already been awarded a logistics project to transfer construction material in the Philippines with value of Bt50mn and expects to recognize revenue in 4Q15. (Khao Hoon, 10/09/15)

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