Japanese investors are interested in AJD shares, talking with FA to do a takeover.Management is confident 2015 earnings will double, backed by increasing set-top box sales and booking revenue from two subsidiaries. (Thun Hoon, 21/07/15)
BSM expects to list subsidiary within two years. It is talking to a prospective partner to broaden its customer base. A JV with KCM is expected to be finalized in 3Q15. It targets 2015 revenue to grow 20% backed by a good performance in 2H15. (Thun Hoon, 21/07/15)
CEN plans to acquire DIMET shares through UWC, its subsidiary, by doing a tender offer priced at Bt3.6 per share. It expects this deal to increase customer base and revenue. (Thun Hoon, 21/07/15)
Comment: This acquisition is going through a few levels, I don’t quite see the value in CEN using UWC to buy DIMET which hasn’t performed well as a company for years.
EMC expects to sign contract for a Bt2bn BTS station project in 2H15. 2Q15 performance is expected to be positive from 1Q15 losses of Bt23.81mn aided by huge orders and property business. Management guarantees a turnaround performance this year. (Thun Hoon, 21/07/15)
DTAC reported 2Q15 earnings of Bt1.37bn (-53%), 1H15 earnings of Bt3.66bn (-41.4%). It will pay a dividend of Bt0.8/share, XD on July 31. It expects 2015 revenue to be lower than 2014’s. (Khao Hoon, 21/07/15)
Comment: And now debt to equity of DTAC has reached 2.5x, no worries?
HYDRO says it got more wastewater management jobs because of the drought. It expects 2Q15 earnings to be good and achieve 30% revenue growth this year with net profit. A JV to invest in a pipeline system in Myanmar is in process and it expects to start construction soon. (Thun Hoon, 21/07/15)
Comment: Once a darling of retail investors, it just hasn’t been profitable since 2012.
Management says it expects to start nano-finance next month with its current 10 branches and expects to open two more. It targets 30% revenue growth this year. (Thun Hoon, 21/07/15)
Comment: We still doubt the viability of nano-finance. Granted JMT does have an extensive database of potential clientele so perhaps they may succeed where others have failed.
L&E expects a good performance in 2H15 from booking revenue on Bt900mn backlog, leading it to achieve target growth of 20%. It believes its capacity is sufficient to meet the high demand at home and abroad. It plans to expand overseas, especially AEC. (Thun Hoon, 21/07/15)
MC says it got a good feedback from a roadshow in U.K. It expects 15% revenue growth in 2015 from 2014’s Bt3.53bn backed by high demand. (Thun Hoon, 21/07/15)
Comment: Still don’t care much for this stock, great owner, decently managed, but I can’t see the long term picture just yet
NYT has been granted ISO 14001: 2004 and OHSAS 18001: 2007 certification for Port A5 by Lloyd’s Register Quality Assurance Limited. (Naew Na, 21/07/15)
Comment: They have a wonderful monopoly on car exports
PPP got a project for soundproofing system management for motorway worth Bt160bn. It expects performance to recover within three years. It expects to benefit from the drought on an increase in demand for wastewater and water reserves systems. It expects to get a water management project from the government. It plans to expand abroad. (Thun Hoon, 21/07/15)
PTT expects to report 2Q15 earnings of Bt22.58bn, near 1Q15’s with a boost from revenue from selling BCP and better refinery margin. (Khao Hoon, 21/07/15)
S expects 2015 revenue of Bt4bn. It is confident a Bt18bn acquisition will be done in 2H15. It plans to open four projects, valued at Bt10bn next year. (Khao Hoon, 21/07/15)
SAMART got a project from the MEA worth Bt435mn. It expects this to contribute revenue until 2016, leading to a better performance in 2H15 than in 1H15. (Khao Hoon, 21/07/15)
SORKON has started a new production line for processed foods which raises its capacity to 150,000 tons/year. It expects this production line to support its market expansion plan at home and abroad. It is confident 2015 revenue growth will achieve target of 15%. (Khao Hoon, 21/07/15)
Comment: Finally its production line is complete after being delayed for 2 years, so the world’s largest fishball manufacturer has now doubled its capacity, thinking aloud, how quickly can they ramp up utilisation?
SUPER expects revenue to jump and allow it to report a net profit in 3Q15 supported by selling 140MW electricity. It targets a 500MW PPA this year. (Khao Hoon, 21/07/15)
THE board has approved 150mn share capital increase via PP to two investors (75mn shares at Bt5/share each). It is budgeting Bt352mn to buy property, plant and equipment. It will hold a shareholder meeting on Aug 28. (Thun Hoon, 21/07/15)
WORK expects to show a net profit of Bt82mn in 2Q15 benefitting from higher ratings that have allowed it to raise ad rates to Bt350,000-400,000/minute. It expects 2H15 to be better on seasonality. It targets revenue of Bt2.4bn in 2015 and Bt3.2bn in 2016. (Thun Hoon, 21/07/15)
Comment: These ad rates are NOT for digital tv, but for the analog on BEC