AJP partnering with MUSE Group, in both Thailand and Singapore, to host sports events and concerts at the international level. It said that within the next six months, there will be four major events from which it expects to revenue of at least Bt600mn. It will announce the first major event in early October. (Kao Hoon, 19/09/14)
Comment: Everything in events is based upon the ability to secure talent and advertising, if AJP can do this then its a high margin business for them. 
AoT kicks upgrades into overdrive – Management at Airports of Thailand (AoT) must shorten the delay that has plagued upgrades of Bangkok’s Don Mueang and Phuket airports to next July. Until recently, the multibillion-baht expansions of Don Mueang and Phuket airports were scheduled for November and October 2016, respectively. (Bangkok Post, 19/09/14)
AOT’s board adjusts positions of eight managers and extends employment contract by 30 days for Don Mueang director. The board also adds two new managers to replace those who have resigned. (Kao Hoon, 19/09/14)
AoT shelves phase 2 of airport plan – The board of Airports of Thailand Plc (AoT) has reaffirmed its decision to put on hold the second-phase development of Suvarnabhumi airport and instead push ahead with the construction of a new passenger terminal. (Bangkok Post, 19/09/14)
Comment: At least they are focusing on getting their house in order before expanding further.
Subsidiary signs MoU in Myanmar — A subsidiary of BSM and a partner in Myanmar have signed an MoU to extend its client base and provide greater penetration in the Myanmar market. The company expects this to generate revenue of Bt120mn and expects total revenue growth of 30% YoY in 2014. (Kao Hoon, 19/09/14)
Comment: I’ve always been impressed with BSM’s business and their ability to grow plus the exclusivity with the NZ co. A nice little business they have & their growth numbers will continue to impress b/c of their low base.


CYBER successfully increases capital through PP to three major investors for Bt388mn. The proceeds are to be used for real estate development. Its share price closed up 21% to Bt3.78/share. (Kao Hoon, 19/09/14)
Comment: An IT company going into real estate – diworseification?
Gunkul begins shift to renewable power – Gunkul Engineering, an SET-listed supplier of electrical equipment, is taking a major step towards making renewable energy its core business, aiming for the segment to contribute revenue of Bt4-5bn by 2018. The company is seeking licences to operate a 60-MW Huay Bong 2 wind power plant and a 30-MW solar power plant in Thailand, plus the second and third phases of a solar power project in Myanmar with 25 MW each. A joint venture with East Coast Furnitech (ECF) in solar photovoltaic rooftops is also meant to help Gunkul achieve its transformation. (Bangkok Post, 19/09/14)
Comment: Thailand’s renewable energy industry will continue to boom strongly for the next few years.
GOLD expects continued growth in 3Q14 presales. The company has generated presales of Bt3bn and will launch two new projects worth Bt1.1bn in 4Q14. It has backlog of Bt1bn. (Kao Hoon, 19/09/14)
HMPRO maintains revenue growth of 15% YoY despite the 21% growth in revenue in 1H14. Management expects robust growth in 2H14 as sales will be supported by higher demand from government spending and high season. It expects revenue growth of 15% YoY in 2015 with 13 new branches, including a branch in Malaysia. (Thun Hoon, 19/09/14)
PACE expects high-end property business to grow in 4Q14 supported by AEC. The Mahanakorn project is 50% complete and is expected to complete in 4Q15. It recently launched a new three bedroom project, adding presales of Bt300mn. (Kao Hoon, 19/09/14)
Comment: The value is from 2 projects, since the Mahanakorn became freehold the #’s and the stock price begun to look attractive, plus they’ll be launching a project at the end of Langsuan Road, thats freehold as well.
PS: net profit to reach new high this year driven by its cost management. It expects revenue for the year at Bt42bn and says the eased political situation has helped support purchasing power in the real estate market and brought back recovery. (Kao Hoon, 19/09/14)
RWI closes at ceiling on its first day of trading, at Bt4.80/share, up 200% from its IPO price of Bt1.60/share. Management said that investors have bought the shares because they are confident in the company’s business potential. The company expects revenue this year to grow 10% to Bt1bn and plans to use the IPO proceeds to expand. (Kao Hoon, 19/09/14)
SAMTEL share price surges by 5.7% after subsidiary Smart Comtech won work from AOT. AOT has agreed to extend the contract for the services and maintenance of CUTE with a budget of Bt2.306bn. The Chairman of AOT said that working with existing service providers is safest and helps maintain the system. (Kao Hoon, 19/09/14)
SPCG, Kyocera invest B1bn in panel plant – SPCG Plc, ASEAN’s largest solar-farm developer and operator, is teaming up with Japan’s Kyocera Corporation, the leading electrical parts producer, to develop a solar-panel production plant in Thailand worth Bt1bn. Wandee Khunchornyakong, SPCG’s chairwoman and chief executive, said the move is aimed at tapping rising demand in ASEAN as well as pushing production to the regional level. (Bangkok Post, 19/09/14)
Comment: The SPCG owner used to be the boss of SOLAR, so I’m not surprised that she wants to go back into the production plant business.

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