Amata signs deal to open Vietnam park – SET-listed Amata Corporation Plc has accelerated its investment in Vietnam with the building of a modern and integrated city industrial estate in a move aimed at cashing in on the opening of the ASEAN Economic Community and economic growth in Vietnam. Subsidiary Amata VN Plc yesterday signed a cooperative agreement with the People’s Committee of Dong Nai to develop Amata City Long Thanh worth US$530mn on 8,031 rai. Amata VN plans to be listed on the Stock Exchange of Thailand in mid-2015 to raise capital for developing Amata City Long Thanh. (Bangkok Post, 22/08/14)
Comment: Basically the only reason to be holding Amata shares.

AoT to speed up B24bn airport plan – Airports of Thailand Plc (AoT) has approved a proposal to speed up construction of a new passenger terminal and monorail system at Suvarnabhumi airport. AoT board chairman Prasong Phunthanet said the Bt24bn development will enable the airport to cope with an extra 20mn passengers a year. Management said the construction of the terminal and monorail will push back the second phase development of Suvarnabhumi by 10 years. (Bangkok Post, 22/08/14)
Comment: A budget cut in the expansion from THB 64 bn to 24bn, now was that corruption $ that was all cut out? Regardless all positive for AOT. 

CPN delays Malaysia mall, cancels venture in China – Central Pattana Plc (CPN), the country’s largest shopping project developer, will delay the opening of its first mall in Malaysia to 2017 from 2016, as it needs more time to study the market. Apart from the Malaysian mall, the company also cancelled a plan to open a mall in China after a study showed returns may be below target, said Naparat Sriwanvit, executive vice-president for finance. (Bangkok Post, 22/08/14)

American funds interested in Global’s shares due to its solid fundamentals, it says. The company is maintaining its revenue growth target of 10-15% YoY in 2014 from Bt14.7bn in 2013 as demand continues growing. It has budgeted Bt2.1bn to open new seven branches. (Thun Hoon, 22/08/14)

Promotions to encourage credit card use — KTC expects to launch marketing campaigns to stimulate credit card spending in the oil and travel categories. It is ready to do TBR strategy in cooperation with partners. The company expects to lead the credit card market in 2018 and aims at net profit of Bt1.3bn, made possible by good cost management. (Thun Hoon, 22/08/14)
Comment: The amount of PR that KTC is doing for the shares is incredible, then again it has been backed by their numbers.

LOXLEY: 2H14 to grow sharply upon booking of revenue from backlog of Bt10bn. It continues to bid for new projects and hopes the new government will reactivate projects delayed due to political problems. It expects to obtain a screening system in Suvarnabhumi airport worth Bt8bn in late 2014. (Thun Hoon, 22/08/14)

NCH says fund in Sudan interested in partnering with it. Presales and revenue this year are expected to achieve target of Bt3.2bn and Bt1.8bn, respectively, supported by backlog worth Bt1.2bn with Bt1bn expected to be booked in this year. (Kao Hoon, 22/08/14)

NokScoot launch date set for 2015 — The launch of NokScoot, the second Thailand-based long-haul low-cost carrier, has been set for the first quarter of 2015 instead of later this year as expected earlier. The launch date came as the airline, a joint venture between Thai budget carrier Nok Air and Singapore’s no-frills Scoot, yesterday named its chief executive and executive board chairman. (Bangkok Post, 22/08/14)

PF: 2014 profit to beat 2013 as it will book Bt3.07bn from sale of land. It plans to revise its revenue target to Bt16.27bn since backlog is already more than Bt5.58bn. It plans to launch 13 new projects worth Bt17bn. (Kao Hoon, 22/08/14)

PPS preparing to bid for over Bt600mn in projects and expects to obtain at least Bt200mn, bringing backlog to Bt400mn from Bt200mn. It expects to reduce revenue target from Bt300mn or +10% YoY after releasing 3Q14 financial statement. (Kao Hoon, 22/08/14)

Vayupak to hold stake in pipeline firm – The Finance Ministry plans to let its wholly-owned Vayupak Fund hold a 25% stake in a gas pipeline unit to be spun off by PTT Plc soon, says finance permanent secretary Rungson Sriworasat. (Bangkok Post, 22/08/14)

QTC working for rapid expansion at home and abroad, and also aim to bid for more state projects worth Bt3bn this August. It will book revenue from the completion of OEM work for a Japanese client worth Bt10mn. It believes that orders in 2H14 will surge on high season and allow it to achieve its 2014 target of Bt1bn. (Kao Hoon, 22/08/14)
Comment: Without a functioning government in place QTC and TRT were both hurt due to a lack of projects.

RML says 3Q14 revenue to be strong due to transfers of the 185 Rachadamri project valued more than Bt5bn. It expects an outstanding performance this year. It bought land to develop a townhouse project worth Bt500-600mn and will go on a road show in Singapore at the end of August 2014. (Tun Hoon, 22/08/14)
Comment: And then once 185 is transferred, revenues and earnings plummet…

Expanding downstream with foreign partner — With a foreign partner, VNG is doing a deal to expand downstream to help lift net profit further. Management confirms that 3Q14 profit will be the highest for this year due to pre-orders, leading to a 3-4% rise in selling prices and widening the quarter’s margins to 30% from its target of 15% for the year. It will also book 40% of its full year sales target. It said that dividends will be high this year and it expects net profit to surge next year. (Tun Hoon, 22/08/14)

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