ANAN expects to report Bt1.5bn in revenues in 1Q14, a 50% increase YoY, supported by booking revenue from its condo, Ideo Mobi 4. (Khao Hoon, 17/03/14)


Phase 2 to move as planned — AOT says that Phase 2 of Suvarnabhumi airport worth Bt62.50bn will go as planned. It will draft the TOR this month and to open bids in April. However, passenger growth is expected to drop further in 2Q14 after growth in the first two months contracted by 4.1% at Suvarnabhumi. (Khao Hoon, 17/03/14)

Comment: Thailand’s airports do have to quickly expand, the main issue that the country faces is that the current infrastructure in place today cannot handle more visitors.


DELTA expects outstanding revenue growth in 1Q14 from 1Q13 revenue of Bt9.5bn supported by baht depreciation. It expects revenue growth of 10% in 2014 and will use Bt800mn to renovate its machines. (Tun Hoon, 17/03/14)

Comment: The entire electronics sector has been a good play for investors in the past few months. 


GEN divests 5.9mn shares of Borploy company worth Bt137mn or a 24% stake to EPCO. It will book net profit of Bt26.1mn and pay a dividend of Bt17.9mn in 1Q14 before using this money as working capital and to expand. (Tun Hoon, 17/03/14)

Comment: GEN is still under suspension – thus untradeable


HMPRO to invest Bt120mn to set up the “19th HMPRO Expo” on March 14-23 at Impact Muang Thong Thani. It hopes the event will bring in Bt600-650mn in sales. It plans to expand the number of new branches in Thailand and also in Malaysia. (Khao Hoon, 17/03/14)

Comment: Having visited several HMPRO’s and furniture malls over the past few months (for personal reasons other than just investment related), I still see customers purchasing and business bustling, but perhaps that’s because discounts are everywhere @ the moment.


Placing products in MAKRO — SINGER plans to sell its products in more than 60 branches of MAKRO and targets revenues from SINGER Power of Bt100mn/branch/year. It also plans to increase the proportion of share of commercial customers from 40% to 60-70% and targets revenues this year to grow by more than 10%. (Khao Hoon, 17/03/14)

Comment: SINGER now has the unenviable task of maintaining their wonderful growth rates of the past few years, but this relationship with definitely help them.


SPALI expects 1Q14 presales of Bt4bn, after presales of Bt2bn in Jan-Feb. It aims to launch seven new projects worth Bt5bn in 2Q14. The most recent launch was Supalai Loft Chaeng Wattana worth Bt1bn. (Khao Hoon, 17/03/14)

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